Hi all,
In the past weeks, I have sold some BTC, and I have my initial investment (about $5000) out. Which means that everything I have in BTC now (about $8000) is "free". That is fine, but I am thinking about what to do with the money I took out:
- Put it in a less volatile investment, as a long term safeguard
- Reinvest it in BTC as soon as the price drops (it eventually will, but when?)
In the first case, I have secured my initial investment in the long term, so I won't need to worry about it, but it also won't make much more for me.
In the second case, the potential for gains is much higher, but I still risk losing my initial investment. I don't need the money now, but I would feel sorry about it.
I plan on keeping what I have left in BTC for the long term. My question is purely about the initial investment that I took out again.
What's your opinion? Thanks!
Compounding your profits to make your capital even way more bigger is ideal but the question is, would you able to do so? Not all would really be that capable on making good trades
and making it some constant good or positive results.
If you can able to do that then why not on reinvesting those profits to make it bigger? It will depend if you do really need to pull off those profits for whatever reason you do have.
Its your choice and as long it would really be benefitting you then that would matter most.Every one of us does have goals and preference towards on the profits they do make.
Some decide to re-roll or re-invest and some will really be securing it.