Quote from: smartaction on March 07, 2022, 04:52:04 PM

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

In my opinion you should sell your crypto when you get a big amount of profit normally 40-60% then wait for next dip and buy When the market is down again. and if you have huge extra money then you can buy bitcoin, bnb and eth and keep holding for rising and rising

This is a careful move in my opinion. Doing take profit when the price increase reaches more than 60% and doing buyback when the price drops can increase the value of our portfolio.
Of course, to do something like this requires a lot of knowledge of market movements. If not, instead of increasing, the assets or money we have actually decrease.
If we lack knowledge of market movements, holding assets is the best choice. It should be underlined that for holding assets, of course the best coin choice in my opinion is Bitcoin, although it is possible that altcoins such as ETH and BNB or other coins are good for holding.