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 0.001848
BTC 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 your satisfactory. If you are already okay with your profit then it would be fine selling at this point but if you want more, then learn how to endure market price downfalls. There are even speculations that the market price would fall down til $24k and even $12k. Although those are just assumptions but just what if the market price actually fall that low? Would you be able to endure and be positive about it? 'coz if not that's the answer already. On the other hand, you may take profit for now and wait for a lower market price to enter again but eitherway would require patience as an investor. At the end of the day, our decisions with our investments are in our hands; we have full control of it.