Post
Topic
Board Nigeria (Naija)
Re: Easy to say but hard to make it real in the future.
by
Cryptomultiplier
on 25/04/2024, 19:17:27 UTC
I promise myself that I will hold my coins till the price of BTC reach $100k before I will think of releasing the coins to the market to make some millions, but over one year and some months now the price don't want to reach $70k or $100k, and I feel like selling the coins to solve some issues in this current price $25k so that my neighbors will not laugh at me and my family because, I hat begging people to borrow money to solve problems than to use what I have at the moment to solve it. Well, if I sell the BTC now I will not regret because I bought the BTC when the price was $20k last year, and if I sell now at least I have little profits to make to solve the problem because there will surely be another bear to buy and hold again. I was told that some people have been holding BTC over 7 or 8 years for the price of BTC to reach a particular price of their choice before they can sell, does it mean they don't have issues to solve by selling their BTC? Or they have other way to get the money to solve the issues without selling their BTC? because it hard me to hold long like one year when there are some important things to buy.
Not that I don't make profits when I hold, but to hold for that particular price to come to pass is the major challenge to me, can you share your idea on how to make it real in the future for that your target price to come to pass, so that people that are facing the same problem like me will learn.
It's a good thing you even have an investment to look forward to, but am sure that it's because your mind is there, that's why your family issues are compounding, so much so that you can just take the easy way out, and that's to withdraw or cash out your investment prematurely inorder to meet these needs.
Am quite certain that when you do infact withdraw the investment you have kept for long now, it would be hard to do it again.

The best advice is to find a source of income that can meet your needs for now so you don't dip your hands into the funds, you can also decide to withdraw some of it, not all, to solve the most important needs. In addition, diversifying your portfolio to trade shitcoins could help secure profits immediately, that's if you do know how to trade or have great friends or a good broker who is a professional in this regard.