This may be a silly question - Ok so I now have £700 invested in bitcoin . Let's say it goes up by £50 - do I remove the profit and leave the working capital( £700 )in bitcoin ? Or do I take the lot?
If I take the lot then when I buy back in It may pay a higher price. What do you suggest?
Take profits and leave it, looking for lots of profits will only give you more anxiety over the market, you can also still hold bitcoin and do market trend analysis that will increase your knowledge rather than waiting for the market. my advice is more to take profits because newbies need good experience on the market this will spur you to trade ( isee in terms of psychology).