Post
Topic
Board Speculation
Re: Should I still hold the investment or sell it?
by
ancafe
on 01/12/2023, 04:39:39 UTC
When the price of Bitcoin reached $38K I thought I would sell my investment but I didn't sell my investment yet hoping for something better. Thinking whether to sell the investment or not I thought I should share the matter in the forum and I will get the best solution from the forum that's why I am sharing the matter in the forum whether I should hold on to my investment or sell it now.  
I don't need the money anyway, if I sell my investment now I have to deposit this money in the bank again.
Selling will earn profits and if you decide to hold it can also generate huge returns at the next ATH. You mentioned not needing the money which means holding would be a good strategy, but it is important to know whether you have a strategy of buying at certain times or only buying when you have the money. Why this question important is because when you are in Bitcoin the steps you take must be appropriate. For example, between selling and buying because to collect Bitcoin you not only have to use a decreasing strategy, but there are other ways you can optimize it further.

When we don't try to buy consistently then our bitcoin holdings will never increase, therefore apart from thinking about selling we also need to look at the right time and strategy for collecting them. Your knowledge about bitcoin may not be fully mature because what you write shows the attitude of your involvement in it, so you need deeper knowledge so that you understand how to sell, buy and use the right strategy for the steps.