Post
Topic
Board Bitcoin Discussion
Re: When to take profit from your current bitcoin holding.
by
XZERO1
on 20/04/2021, 13:28:22 UTC
I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

Maybe cash out half and keep the rest for the possible next move/s up?

There's no definite answer to these kind of questions, but it makes way more sense to take profit at least partially just in case it starts going down, so you don't lose all the profit you made at this point, nothing will go up forever and correction are a part of every market and you don't want to end up panic selling when that happens.