Sell or hold ?

[Felixko]

business is all about risks. Bitcoin needs a lot of time for you to sit and study it. in this, if you studied it and buy it at a lower price and as time move to the extend that the price is high, you need to sell it for the purpose of making profit not to hold it. business is all about making profit.

 

[ahmedo24]

business is all about risks. Bitcoin needs a lot of time for you to sit and study it. in this, if you studied it and buy it at a lower price and as time move to the extend that the price is high, you need to sell it for the purpose of making profit not to hold it. business is all about making profit.

You are actually right that it requires a deep study so despite the fact that one is to study is only people who are old in Bitcoin trading or holding that can only take this decision because someone who is new may not really be having that patient to hold bitcoin for long the person might make mistakes of doing panic says before realizing the needs to be patient.

 

[Setfragil]

No matter the price of bitcoins either it rises or fall, it is not advisable to sell it. If bitcoin rises you don't need to sell it because it can still rise above that except you have good reasons to sell it.

 

[Justin]

If you have crypto currencies, do not sell your assets at this moment as the price is so low. Hold your cryptos until the price again reaches all time high.

 

[Bookwormlux]

One needs to always use the stop loss option when the market isn't moving fine. This helps you to lose just a little percentage of your investment, instead of losing everything.

 

[Sincerem]

That's when you're trading, then you can adopt the stop-loss feature to help curtail the amount you'll lose. But when it comes to buying and selling, you should only sell when it has recorded profit.

 

[Senator]

Business is risk,so Bitcoin is not an exception,all you have to do is study,have foresight then you are good to go.

Very true. Every business is risk and the Bitcoin investment business is not an exception here. You can decide to hold for as long as you want because the Bitcoin crypto itself is a currency that thrives of you hodl long term

 

[Kunkun]

Well Bitcoin has come a long way from this price and where it is now also is low compared to where it had been in the past to it's better to hold because there are predictions of higher increases in the future

 

[Nomad]

I like to hold crypto currencies. When you hold, you will earn more profits from your crypto currency investment compared to selling when the price is high. I am thinking to hold my crypto assets for 3-4 years

 

[Kelly5]

For those that held their coin without selling off, they would have been the ones in the profits zone because Bitcoin increased even to the amount of $50000. Can you imagine the profit?

 

[Bookwormlux]

I always sell when I need money for something that is urgent. This has made me to lose some money though, because I always sell in losses.

 

[jeff87]

With 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 ?

My suggestion is this. If the price is going up, you can decide to sell your cryptocurrency like bitcoin, Etherium, dogecoin Litecoin, Dash, Axie Infinity, SLP, My neighbor Alice, ripple or XRP, etc. When the price of cryptocurrency goes down, its the time for you to buy more cryptocurrency.

 

[Kingstone]

Although I don't buy or keep coins, I know I will rather hold and keep and see how far it will go for some months later. Selling so fast can result in losses which can be avoided by being patient.

 

[Hena101]

I am ready to hold mine for as long as possible. The other time, I sold mine out of panic when the price dropped. Now I won't repeat same.

That's why it is not good to sell out of panic because you can easily lose but you need to wait patiently when ever there is a movement you don't understand in the market.

 

[Yusuf]

The best thing is to sell during the all time high and buy back when it dips a little because of the fact the price of Bitcoin will still go high and nobody will want to miss it.

 

[Bookwormlux]

That's why it is not good to sell out of panic because you can easily lose but you need to wait patiently when ever there is a movement you don't understand in the market.

This is true, but certain conditions like urgent need for money makes one to just sell of since there is no better option at that time.

 

[Setho]

I believe that the Bitcoin project is just about to get started and if it is not a money that you want to withdraw for something important it is always advisable that you should hold for a long time.

 

[kayode10]

I will advice you to hold for a long period of time so that you can make more money with your investment. But if you need urgent cash do not hesitate to Sarah's you already make some profit.

 

[Sincerem]

I can't sell my coins when their is no tangible profit recorded. Their must be profit before I decide to flip my coins which i brought.

 

[mcjerry]

I hold and also sell my crypto currency. It depend on how I need the fund. I do like to hold my coin so that when the price goes up I will profit from it. But when I need funds I do trade a little with it and then withdraw it