Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Proty
on 22/11/2024, 14:50:49 UTC
⭐ Merited by Mayor of ogba (1)
Well i would like to know that this not the time to sell rather we should focus more on continuous accumulation of bitcoin rather than merely getting profit out of dollar since dollar does dont store value
Well it is a personal choice. And it is your funds, you can do whatever pleases you. But and sell is always involved in the investment and trading. Assuming you bought as the rate of $16k and $20k and now it is $100k and after this period probably from next year it would go back to $30k or below. Who lose? Investment is all about calculation. Oh Yes bitcoin will definitely rise to $400k but if you sell it as the time of $100k and buy back at the time of $30k who make the profit? And when you rebuy, you can keep it for as long as you want until the price hit your target. But if this bull is not your target then you can still continue hodling it because it is your investment and you know what you are doing. Good luck for the investment.
Well you can do whatever you fells like but it is wrong to say that this is the right time to sell without putting into consideration the people you are addressing that majority are barely a year old in there bit oin accumulation journey which to me the statement is misleading even if you have reach your investment timeline i would not advise anyone to sell off all his bitcoin with false hope of buying back at $30k ,what even makes you feel that bitcoin will dip to $30k and this makes me wonder if you know the potential of bitcoin infact the recent price should be a motivation to all to focus on accumulating more bitcoin and hold for 8-10yrs or more.however we are all entitled to make our own decisions as regards to our investment.