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If you know the coin very well it is far better to hold the coin infact lots of people that have been holding coins don't regret it because the coins eventually grow after a period of time like 6 months or 1 year.
Yeah , Holding is the best option in terms of Cryptocurrencies as we have seen bitcoin today , last year it was 10000$ and today above 45000$ , Elon Musk has invested 1.5 Billion in bitcoin , how much rich will be become ?Holding of coin is very advantageous more than savings because, withdrawing into bank account may cause depreciation of the money due to government policy and some other charges but keeping it in the wallet make it appreciate when the money rise.
With the history of such a fall from $20,000 down to $3,000 in the past, I will advise that you take out you initial capital leaving behind online your profit to continue trading with. Remember that the trade is highly volatile and the best advise is to trade what you can afford to loose. Hold on to what is reasonable and cash out what will be painful for you should the unexpected happenWith the current Bitcoin price hitting the all time high of $21,000 , what could be your plan ?
Permit me to remind you about what happened some years ago , when Bitcoin reach $20,000. There was a huge decline in the price of bitcoin, investors saw the price going as low as $3,000 afterwards.
Now there is panic o we whether a similar trend will happen or not . As for me , definitely the price willfall but it won't be that much as feared ,because presently Bitcoin has many top investors ,such as MicroStrategy , who has promised that the Bitcoin the company possed will be held for long .
I am holdl , and will only sell off the interest made as compared to the price at which I bought .
What is your own suggestion ?
As a bitcoin or any other cryptocurrency merchant, the best thing is to personally design a system that works for you, some prefer to hold or sell depending on their system, a friend of mine for example can never hold bitcoin no matter what, he's always afraidWith the current Bitcoin price hitting the all time high of $21,000 , what could be your plan ?
Permit me to remind you about what happened some years ago , when Bitcoin reach $20,000. There was a huge decline in the price of bitcoin, investors saw the price going as low as $3,000 afterwards.
Now there is panic o we whether a similar trend will happen or not . As for me , definitely the price willfall but it won't be that much as feared ,because presently Bitcoin has many top investors ,such as MicroStrategy , who has promised that the Bitcoin the company possed will be held for long .
I am holdl , and will only sell off the interest made as compared to the price at which I bought .
What is your own suggestion ?
Bitcoin is flying right now , it is giving us surprises every month and i think its gonna cross 60000$ until August too. Try to play long term investment games with the bitcoin and the profit will be just unpredictable.It looks like the Bitcoin price is continuing with the surge in price. If you will hold it until the end of the year then the increase may be so high that your investment can earn more than 50%. That is just my raw speculation that I based on the fluctuating price of the Bitcoin. But to be honest we do not know exactly what factors are causing the fluctuation of prices of the Bitcoin and other crypto currency.