Kakashi2020 Posted November 7, 2018 Share Posted November 7, 2018 In the event that Bitcoin posts another rally this year, will you hold on to your investment or would you liquidate it to get a hefty profit? Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/ Share on other sites More sharing options...
focusedwriter10 Posted November 7, 2018 Share Posted November 7, 2018 I would rather liquidate it for a hefty profit, although I will hold some of it. There is no need of selling all the Bitcoins since I have already made some profits. Thus, no loss will have been made. Such a situation is similar to that of shares. If something is wrong, most people rush to sell their shares to avoid losses. Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2578 Share on other sites More sharing options...
cks003 Posted November 8, 2018 Share Posted November 8, 2018 Given the volatility of the price, as an investor I would liquidate and move to other investment. The price has dropped from $20k since Dec 2017 and to $6500 at the time of writing, and given the negative publicity it receives from the investment fraternity, I would liquidate the price, collect from profit and move on to other opportunity. Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2606 Share on other sites More sharing options...
Onizuka Posted November 8, 2018 Share Posted November 8, 2018 Here's a simple investment plan: when the price doubles from your average price, sell half. You can deal with the rest more easily as the remaining assets will be profit no matter what. Doing this makes your decision making less emotional and hopefully more rational. Here's an example of how it might play out: I buy $1,000 worth of btc at the 6500 level. Btc then goes to 13k. I sell half of my position which translates to 100% of my original investment. I hold the other half for how far btc might go with profit points set. I can do this easily because I'll be thinking, "I've got my capital back; this is just a free roll of my profits. I've no risk of being in the negative." Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2609 Share on other sites More sharing options...
menchuuy58 Posted November 8, 2018 Share Posted November 8, 2018 20 hours ago, Kakashi2020 said: In the event that Bitcoin posts another rally this year, will you hold on to your investment or would you liquidate it to get a hefty profit? If that comes, i will sell my bitcoin so that I can gain a large profit. Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2613 Share on other sites More sharing options...
Kakashi2020 Posted November 8, 2018 Author Share Posted November 8, 2018 2 hours ago, menchuuy58 said: If that comes, i will sell my bitcoin so that I can gain a large profit. Some would definitely take that option and trade their Bitcoins for cash. But there would be those who'll still hold on to their coins like me. Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2626 Share on other sites More sharing options...
cks003 Posted November 25, 2018 Share Posted November 25, 2018 If the price of Bitcoin appreciates again, I will definitely sell to claim whatever profit available. The trading in crypto coins is akin to playing musical chair, the one who does not get a chair when music stops losses the game. Those who got the seat when it stops, hope the music stops forever. Those who lost/do not get a chair, hope the music to play again. Why would the winners who had reaped huge windfall when the price was at its peak in Dec 2017, want to come back to support the price? Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2704 Share on other sites More sharing options...
Kakashi2020 Posted November 25, 2018 Author Share Posted November 25, 2018 On 11/8/2018 at 3:46 PM, Onizuka said: Here's a simple investment plan: when the price doubles from your average price, sell half. You can deal with the rest more easily as the remaining assets will be profit no matter what. Doing this makes your decision making less emotional and hopefully more rational. Here's an example of how it might play out: I buy $1,000 worth of btc at the 6500 level. Btc then goes to 13k. I sell half of my position which translates to 100% of my original investment. I hold the other half for how far btc might go with profit points set. I can do this easily because I'll be thinking, "I've got my capital back; this is just a free roll of my profits. I've no risk of being in the negative." That's a great no lose plan. Hopefully Bitcoin recovers soon and starts a rally and appreciates to new heights so that I could sell some and get my capital and some profits while leaving the other half for even more gains. Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2716 Share on other sites More sharing options...
Kakashi2020 Posted November 28, 2018 Author Share Posted November 28, 2018 On 11/8/2018 at 4:05 PM, menchuuy58 said: If that comes, i will sell my bitcoin so that I can gain a large profit. In my case, I think I would sell everything and wait for the price to go down again to buy the same amount of Bitcoin. Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2813 Share on other sites More sharing options...
agbuyarashel Posted November 29, 2018 Share Posted November 29, 2018 I think we should find another investment opportunities for now since bitcoin is a bit shakey and unpredictable or if you still believe that they'll still soar in the future then liquidate the half and just live the other half. Don't Put All your Eggs in One Basket. In this way, you have a 50-50 chance to win or lose money but have lesser risk. Quote Link to comment https://slingbank.com/forums/topic/1635-will-you-hold-or-sell/#findComment-2893 Share on other sites More sharing options...
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