I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.
I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.
Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?
What do you do?
On what principles guide your actions in the realm of Bitcoin (BTC)?
Actually it would really be just that depending on you, on when you would really be selling your Bitcoin because each one of us would really be having that own decisions on when they would really be selling their coins.
Some might deciding on holding for next 5 years or 10 years or even more. Some might be considering on selling out every 2 market cycles or bull runs or wouldn't really be selling at all. The key on here is that
you should really be following on whats into your mind and dont tend to mimic or would be tending to copy or listen on what others would really be trying to do. If you do saw yourself isnt that contented with that 2x-3x gain then you could still opt in on holding your position. Come in mind that we arent that still in bull run yet on which means that potential price increase could be more. So it would be just that a waste if you would be selling out your position now.
End goal is something that majority will really be that holding their Bitcoin on which we do know that when it comes to potential then it would really be that understandable or something that will really be that likely
for most people to accumulate considering its the #1 coin in the market.Therefore, potential increase would really be that high but of course you should be that making yourself wary about the probabilities on things about the risks involved. Only invest or put up on the money on which you can afford to lose as always so that whenever the market will be making out some correction then you wont
really be finding yourself on a tough and impulsive condition.