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.
Talking about selling is more of a trading and can lead people to wrong direction, the longer you keep accumulating the more profit you get , so selling shouldn’t be your major concern
Yeah everyone has a need at every given time that is why it’s alway advisable to have a reserve fund or emergency fund , it helps you sort out urgent needs with that selling your Bitcoin won’t be necessary and can be kept for a longer time with a good profit overly .
, An investor should be more concerned about building a portfolio and continue accumulating consistently to achieve a desired set goal, it isn’t a good idea to sell before prior to over accumulation which is considerably 10yrs it is more sensible to accumulate within this period of time and hodl.
And it is totally wrong for a newbie or a low coiner to be interested in making profit that would definitely cause distractions from accumulating bitcoin, having interest in making profits this are characteristic of a trader and not an investor, Bitcoin is quite the most reliable and secured means of investing that is why it is mandatory to invest in Bitcoin and accumulate consistently for a long term goal.
I believe it is quite wrong to generalized that anyone who is planning to sell bitcoin is a traders reason being that there are investors who has being holding bitcoin for more than years and has accumulated a good enough that is to say they have accumulated a reasonable amount of bitcoin in their portfolio.so if such investors should decide to be taking profits from their bitcoin investment I see not wrong with it.
It is those investors that are barley new into bitcoin and begin to option for sale whenever there holding is in profit should be term traders because there motive is to make quick profit and as such they are gambling with bitcoin instead of investing for a long term and hold until they have a good amount of bitcoin in their portfolio.