Post
Topic
Board Beginners & Help
Topic OP
Owning your buy trades
by
clifjw
on 28/01/2021, 11:07:31 UTC
So I'm still very new to Crypto and Bitcoin. I've learn a lot from reading posts on this board, but I know there's still so much more to know.

I'm after a little advice from regular / long time traders. I've made a a few small purchases, nothing large while I get used to how things work, but I've bought at varying value stages. The most expensive two purchases at 25,834GBP and 27,705GBP. I'm not disappointed at these, I see them both as my learning phase, but my question is as the BTC rate rises and falls, should I try to recoup on these large trades by placing some Limit Sale Orders at the same or a little more than what I bought for, then buy again when it's lower knowing what I now know about how wildly BTC price fluctuates?

Or should I just own my trades, and just HODL it away regardless. I know it's just as likely the price could go even higher than what I've bought at months or years down the line.

I have it on Binance at the moment. It doesn't amount to much, and I have an amount in mind that I would move to my wallet when reached. Where it is at the moment on the exchange it makes it easy to do the above if I decide to.