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!