Post
Topic
Board Bitcoin Discussion
Re: When to take profit from your current bitcoin holding.
by
Wexnident
on 10/01/2021, 05:26:11 UTC
I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?
That's basically what the market is, scary. No one can really tell you when to hodl or when to sell, It's all honestly up to your personal decision, the same as to how most traders trade their coins. Plus, your choice of "hodling" can't even really be called hodl since a bit of a dip and you're ready to bail. Hodl in a sense is basically a long term investment, what you're doing is short-term ones, and ones that are basically fueled by FOMO. My tip? Don't get scared by losses, especially if it's only been a few weeks or so. Wait out a month, and if you see a profit, pull out, if you don't, then decide, do you continue hodling or do you take the loss. This is probably why most people say only to invest what you can lose.