I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin.
Especially I want holding long time with more patient because i want makes more profitable.
So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??
Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable.
Welcome to share your mind.
You know your financial situation better than we will ever do, if you were not using that bike then selling it for a good price while you can it is a good decision and since the market of cryptocurrencies has crashed about 50% when we look at the highest price that it reached during this year then you seem to have made a good business.
The only thing I don't know is if you are going to have what it takes to hold your coins for long enough to make profits, the volatility in this market is high and the price can move in ways that most people could only dream in other markets and this makes difficult for holders to keep their coins since most of the time they sell too soon when the price is going up or they sell when they are incapable to take any more losses when the market goes down.
