Quote from: Anguwa on Today at 09:47:07 AM

Quote from: estheblessed on November 09, 2021, 09:52:07 AM

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

This first viewpoint is correct, since if you sell now and accept your profit, you will be able to re-enter the market when prices fall in a bear market. However, if you live it, it has led in greed, which will lead to a total loss with no chance of recovery, since even if you do recover, it will take a long time and is not guaranteed because some coins will not regain their value.

Literally don’t know why some of them feel that they should keep HODL’ing like forever. Well, not to say that HODL for long is bad, if your plan was to invest money in the cryptocurrency market and leave it for a very long time, maybe ten years, then not bad.

People can have target, but before you go about doing that you should also make sure that you’re financially okay enough to do that and also ready to go for it fully, and not the type that you would end up being discouraged halfway or worry about price swings.So HODL, but it’s not bad to sell when you see the chance to sell and make good profit.