Post
Topic
Board Altcoin Discussion
Re: How to take profits?
by
Gayong88
on 08/08/2022, 06:11:00 UTC
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?


Generally, the end of an investment is always hoping that a small investment can turn into something much bigger in the future. Of course, each one has a different pattern. Personally I don't touch it. When I buy crypto at a low price as much as possible to hold it for as long as possible, and except for some exceptional circumstances, I don't try to take profit at any given moment. The reason is because the longer I last, the more money I can potentially make.