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)
I know you probably must have gotten your answers by now. You dumping bitcoin and buying that stock simply means you're planning on a long term investment, why not just stick with your Bitcoin and hodl till your dreams get filled up. However, you can whatever stock you seem interested in but don't try dumping bitcoin for any!
On the contrary to what mindset of newbies in Cryptocurrency market, thinking bitcoin is a get rich quick asset, I can tell you that bitcoin is a long term investment as well! I have held bitcoin for more than eight years and my stock market background had helped me to hold! Therefore, to maximize the opportunity bitcoin provides, you must see bitcoin in the prixm of long term holding!