Post
Topic
Board Bitcoin Discussion
Re: How to manage bitcoin correctly?
by
qwertyup23
on 06/08/2023, 16:33:48 UTC
When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

Have a designated plan- divide your BTCs int two (2) parts where you can focus both on short or long-term investments.

Personally, I would recommend that you allocate your BTCs depending on your goal. For example, if you allocated a part for short-term gains, then sell 50% of your BTCs once you have accumulated profit. For the remaining 50%, you should allocate it for long-term investments where you would sell them at a price where you are comfortable with.

With the fork coming this 2024, I personally recommend that you HODL majority of your BTCs until such time given that every fork increases the price of BTC in the market.