Quote from: Wexnident on April 25, 2023, 04:08:28 AM

Quote from: SmartGold01 on April 24, 2023, 11:42:05 PM

Before going further i will appreciate if you read my previous post Stated " How I decided to buy some fractions of BTC after discussion with members". Since on February 2, 2023 I bought some fractions of bitcoin with just NGN33,000 then which was approximately 0.001848BTC in turns of NGN37,657 almost about NGN4,657 increase (profits) do you suggest I should hold or take profit?
Usually i don't know what the market may looks like in the next 1 months to come, I missed selling at $31k since I was thinking it will gets to 40k but the market keep scaring me and you know emotion is being attached to this so I have to run down here to seek the best opinion on what to do comparing my condition as young mother who needs money for my up keep, since i don't like bothering my husband for money so i believe i can make out something good from here.

Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.

Depends on what you're timeframe is. If you're simply planning to sell because it's going down, probably a dumb idea. I'd suggest you to replan your investment ideas and set up a specific time frame instead, or maybe a specific profit at specific time frames, multiple ones so that if it doesn't go according to it you can go to the next one.

Now If you're selling because you're gonna buy and sell in the short term, I reckon anytime you profit is a good time to sell, you can simply buy at bigger dips when they come.

it's better to buy at the bigger dips and hold, wait until it pumps up again this might work if you're thinking for long term investments but if you're after in short or you buy at the high price then it dumps and try to sell then because you're afraid that it's a loss then probably it's a dumbass idea. if you're planning investing in short term then you should be prepared about the outcomes since it's risky and you should invest what you can afford to lose.