Re: Buy Buy Buy or Sell Sell Sell?

This method will increase your financial resilience and security. Bitcoin continuous accumulation and compounded buying tend to decrease UP price, the longer you keep depositing. A reminder for you to understand the positive signs of Bitcoin future while it is in the market and apply the dollar cost averaging (DCA) method.

The question now is, when should we sell it..? Of course everyone has what is called a need at any time.

You should still holding on accumulation Bitcoin unless absolutely necessary, as long as you have a reliable source of income. It is better to keep holding Bitcoin unless emergency, as long as you have an ongoing source of income. You can sell from the decent holding profit in bullish periods to grow real assets but you should accumulate regularly and should be recovery the selling holding. Bitcoin holding until retirement.

You post above is misleading and it can make newbies make some wrong moves that will lead them to regrets when they start their bitcoin accumulation journey. As a newbie, you are only to focus only buying bitcoin alone with your discretionary income with DCA for 4-10 years and above every week regularly, so that you can accumulate as many bitcoin as possible overtime. You don't have to sell for any reason because you are still a low coiner and need to grow your bitcoin portfolio to your target first.

As a newbie, you should make sure that you build your emergency funds immediately you have started your bitcoin investment by sharing your discretionary income into two parts. Use one part to be buying bitcoin weekly and use the other part to be building your emergency funds simultaneously with your bitcoin investment till it gets to three months of your income. Emergency funds is a back up funds for your bitcoin investment so that you don't sell top early when you are faced with real life emergencies.

It's wrong for you to start thinking of diversifying your bitcoin portfolio when you have not reached your bitcoin target because it will distract you and make you not be able to give all your time to build and build your bitcoin portfolio to a good size in future. The only time that you can think of diversifying is when you have reach your bitcoin target and you feel that you have more than enough bitcoin. That's when you can start to diversify into stock, bond, equity and cash equavilents. However, it's not necessarily that you diversify if you don't have the idea of investment that you want to diversify to to avoid doing it the wrong way.

Selling every bullish time sounds more of a trader practice and not a long term investor.