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?
If you are so sure that the promising stock can give you nice profit and it can recover your loses if you sell your bitcoin, you can go for it. You need to calculate it wisely, how much you may earn from the new stock and how much you will lose if you sell your bitcoin. If I was on your position and I'm sure that I will make nice profit from the new stock then I will sell half of my bitcoin and spend it on the new stock.