It often become a good opportunity when you sell at a peak and after that the correction come and you buy again with low price but many people miss that opportunity who then regret but I do not regret when I miss that opportunity because I do not do greed and remain satisfied with my current amount of coins and I know in the future the price will grow again to another ATH and my current coins are enough to give me enough profit. With this thought I keep myself tension free.
What is your views and conditions at that time?
Doesn't make sense if you sell at peak and then wait for the price to go lower again and re-invest. Why not just go long term, and see how long you can hold and wait for at least 2 bull runs before you sell your coin to maximize your profit?
At least with this strategy you don't need to time the market during it's first bull run. I know it's going to be tempting to sell, but it's hard to time the market as well. That's why it's really better just to hold on our coins for a long time.
Waiting and holding continuously is more safe way to get the profit for me but there are people who are not satisfied with the number of coins they have. They often think of the strategy that if they will sell at ATH and will buy back at low then they will get high. They do not know that when will the price bounce back but when they see then they regret. For them your suggestion is working.
It often become a good opportunity when you sell at a peak and after that the correction come and you buy again with low price but many people miss that opportunity who then regret but I do not regret when I miss that opportunity because I do not do greed and remain satisfied with my current amount of coins and I know in the future the price will grow again to another ATH and my current coins are enough to give me enough profit. With this thought I keep myself tension free.
What is your views and conditions at that time?
Doesn't make sense if you sell at peak and then wait for the price to go lower again and re-invest. Why not just go long term, and see how long you can hold and wait for at least 2 bull runs before you sell your coin to maximize your profit?
At least with this strategy you don't need to time the market during it's first bull run. I know it's going to be tempting to sell, but it's hard to time the market as well. That's why it's really better just to hold on our coins for a long time.
That would be a good strategy too. But i prefer to sell when an ATH comes because it gives me more profits if i see my investments are moving. But since its hard to predict if the current price is already its new ATH, so this is the time when an investor should set its goal price when to sell so that we can never be mislead. Aside from avoiding making regrets, we can also seize another opportunity during a correction to buy back the coins that have lower value and which we see that they have the potentials to grow and be more valuable in the future.
If someone have more money then they have to buy some more coins along with their present as the price in the long term will increase and then after another rise they have to sell only of those fiat with which they bounce the second and the remaining coins will be their profit. for example if they bought of $1000 then after getting the profit if they want to withdraw their money then they have to withdraw only $1000 the remaining coins will be their increase in the number of previous coins. That is the best alternative if somone miss a chance.