Post
Topic
Board Trading Discussion
Re: Take stock or hodl ?
by
Natalim
on 03/12/2021, 14:19:16 UTC
So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
If you still see opportunity in cryptomarket,  you can reinvest it because I believe on good investments and your money should work for you, cryptomarket has been my other source of income and I'm earning through capital appreciation here, and reinvesting. Hold only if you know where to sell, I'm experiencing a problem before while holding because I become more greedy and forget to take profit, the result is not good for me.
Well, it was best to have a plan when to sell and when to hold. That actually holding seems not good all the time, it sometimes this will be a reason to miss the biggest opportunity in our life. And I have this bad experience last 2017 where I keep my Bitcoin intact and never sell them at its ATH because of thinking there is more. I've just overhyped and missed the $20k. But for now, I'll take the chance to sell when I was in profit, and re-invest during the correction.