Quote from: wheelz1200 on March 11, 2021, 02:26:21 PM

Quote from: TCW003 on March 09, 2021, 06:12:13 AM

All of us are talking about this bull run is encouraged by institutions.
Suppose as an individual, will you sell your bitcoins at a good price or just hold them?

Honestly no one really knows right now. Wouldn't be surprised with a quick run to $65k or a quick drop off back into the mid to lows 40s. Assess your own situation and if you can afford to hold i would do so. Sitting back and holding has paid off for those who have continually done so. If you are going to sell off I would do it in pieces in case it does rise quickly you can still sell some at the higher prices while not completely risking your downside if it drops.

This is a really good tactic. Now the price of bitcoin is quite high and is approaching $ 57,000, that is, to the previous price record, it would be reasonable to sell some of the bitcoins and convert it to a stablecoin, for example, USDT, in order to have a reserve in case of a deep correction. The rest of the bitcoins, of course, need to be held as long as possible.
It is only necessary to sell partially bitcoins if absolutely necessary, depending on our family circumstances. In general, bitcoin should rise in value this year.