Re: When to take profit from your current bitcoin holding.
The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.
Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.
I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.
Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.
I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.
I've made the same mistake as you. I decided to start trading a while instead of keeping holding as I did earlier. I've sold a part of my wallet at $35k and that night BTC reached ATH at $39k
I figured out that I need to point a mark for me when I'll be enjoyed to cash out. I bought it when the price was $32k and I would be happy to make 400% of profit so now I will wait and hold until that moment. You can do as well
