Post
Topic
Board Bitcoin Discussion
Re: How do you go about realizing gains? If you opt not to, what is your reason?
by
Yaunfitda
on 30/08/2023, 12:17:59 UTC
We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
Personally, I will go for the long term. Wait for the bull market and see how it goes for me. Others might see the bear market as enemies, on the contrary, it's our friend, why? because during the bear market, it's where we collect and save and accumulate bitcoin because they are quite cheap.

So there goes my advise, just keep on going, your goal should be long term and not short term profits. If you can do DCA then do it, or if you have capital, then buy as money as you can and save it in a wallet that you have control of.