Post
Topic
Board Speculation
Re: to sell or buy BTC?
by
CryptopreneurBrainboss
on 17/01/2021, 06:46:43 UTC
what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

Don't build the habbit of asking for suggestions from random users online especially when your finance in on the line. You'll get as many suggestions you can handle and probably this will affect your reasoning even though you just wanted the suggestion to compare with what you had in mind.  You should have had a strategy before now and if you don't, better start working on one before you fund yourself in similar situations tomorrow.

Before investing, know your exit point. Do note that, this can be adjusted as the months goes by. Probably your exit was at price that as a result is f the growth of the industry, it'll be foolish exiting the market at that point then you can increase (set new) target.

The market is still very bullish therefore it won't be advisable exiting the market right now. You should set your stop loss though at a price that it'll be comfortable for your taking profit at that price assuming the market was to crash suddenly.