Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.
I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.
So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?
There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?
Viketo Sumi (Armani123)
Hodling is not for the faint of heart, and whenever you are hodling there's no point changing tons of sites for market price predictions or whatever, you have to buy and hold without thinking of selling anytime soon, but as for your case it seems it's different, anyway the choice to sell your bitcoin is totally up to you, if you feel you can't wait for the price to pump or skyrocket in the future then yeah go ahead and dump as long as you are in profit, it's your crypto do whatever you wish with it.
It really depends on the hand of the holder if you think your hands is not that strong to hold maybe you need to sell your bitcoin holding this time, specially when you purchase your bitcoin last year where bitcoin is not to high at price, i believe that theres already an earnings or profit as well, but if you think you can hold for so many years then hold for it, because i believe that the bitcoin will soon rise.