Hi all,
In the past weeks, I have sold some BTC, and I have my initial investment (about $5000) out. Which means that everything I have in BTC now (about $8000) is "free". That is fine, but I am thinking about what to do with the money I took out:
- Put it in a less volatile investment, as a long term safeguard
- Reinvest it in BTC as soon as the price drops (it eventually will, but when?)
In the first case, I have secured my initial investment in the long term, so I won't need to worry about it, but it also won't make much more for me.
In the second case, the potential for gains is much higher, but I still risk losing my initial investment. I don't need the money now, but I would feel sorry about it.
I plan on keeping what I have left in BTC for the long term. My question is purely about the initial investment that I took out again.
What's your opinion? Thanks!
Right time right decision to gain initial and think you are good trader. At present time i think market will be correction for establish so you should wait for some while or you can reinvest another small coin like DOT, ADA, Link where there price is very low now and think very recently these token price will be high. On the other hand risk free investment also. So you can take a chance here.