Quote from: matchi2011 on Today at 01:09:32 AM

Quote from: jossiel on October 04, 2021, 11:49:03 PM

Quote from: chuckweitzman on October 04, 2021, 06:30:14 AM

@jrrsparkles I agree with this strategy. Even I prefer selling at the peak as the best option for a bitcoin exit plan.

It's much better to have selling points than to exit. As long as you've got a hold of bitcoin and it's market value keeps on increasing. There's no point in exiting.

You can compare this if you've thought of this for the past years and you've sold at a said high of $1000 or even $100 when its price was cheaper before.

Then looking at the present, you just made a bad decision for having an exit.

If you are into long-term investment, best not to have that. We all witness how far bitcoin goes and still moving forward.

But for those who are into short or mid term trading, people who wanted to have a quick gain,
They are attached with profits that they already satisfied. There's no wrong though as long as you
are good at dealing with risk management.

Make sure to assess yourself and the manner you deal with this investment. You alone who can decide if setting up limits or
aiming for much higher profits is much better for your money.

Long term folks are also taking profits, why you shouldn't take profit? For me, even you're a long term person, you have to take profits.

Don't miss any single run that has generated you profit, you can always buy back at a lower price as the market usually goes with that pattern.