Quote from: MiF on August 02, 2021, 06:03:38 PM

Quote from: Armani123 on January 24, 2021, 02:16:26 PM

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)

Buying and selling always depend on your limit you have to set a limit if you do investing. Because crypto market is always moving up and down and setting a limit to avoid big loss is helpful. I will suggest that just hold on your investment because you will not loss if you will not sell it in loss. If you don't want to get bored on waiting for the Bitcoin price to rise just invest in some good altcoins because Bitcoin is for long term investment.

I agree on that we should have a limit investing or trading without limit can lead us to a big loss, it also depend on what price you buy btc if you buy it in 29k$ then you can sell it today there is already an earning Bitcoin price right now is 38k$ as simple as that, but if you find out another way to earn and it needs funds then you can sell your btc, it is all depend on the holders hand.