Kittygalore
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Activity: 868
Merit: 63
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February 04, 2021, 07:57:17 AM |
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If you want to use the money now, you can sell some of it first and sell the rest when the price rises.
0.0003 is not a lot of money if you sell it for profit right now, in my opinion, I would just go for an all in selling because I wouldn't enjoy the profit if I were to divide it to parts where I will hold some bitcoin and getting little amounts of money from the profit. It could be a different instance if OP bought around 0.1 or 0.01 or 0.009 bitcoin because by the time those prices are were bought, it is a lot of money so dividing the bitcoin to equal parts of what to sell and what to hodl is understandable since you can have a good profit out of it no matter how you want to divide it. And, forget about those friends, they clearly do not care about you because they see you as a fool.
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adzino
Copper Member
Hero Member
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Activity: 2996
Merit: 576
www.Crypto.Games: Multiple coins, multiple games
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February 04, 2021, 08:53:42 AM |
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Glad that you are making profit. So you want to know if you should sell now or not, right? This is a question that only you can answer. Do you need the money badly? If no, then why even bother selling. What if the price drops, will you be able to take the loss? If no, then sell. You have already made enough profit. But remember even when the price drops, as long as you haven't sold anything you didn't make any "loss". You still have the same amount of coins. If you are planning for holding long term, then don't sell even when you see the price is dropping. Remember, in the long run, the price is bound to increase. So ask yourself some simple question and see if you should sell or not.
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Kubbry
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Activity: 14
Merit: 0
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February 05, 2021, 06:30:16 AM |
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Bitcoin is an investment, and people use it because it benefits them and makes money.
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Inkdatar
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February 05, 2021, 10:42:11 AM |
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Looking at the current market somehow price will surely fly again. As what others been saying here if you are not in a hurry might as well hold. Bitcoin has more to offer for the users and stacks some while you can to add in your portfolio. Maybe in a few years time 1 Satoshi is hard to accumulate.
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Kong Hey Pakboy
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Activity: 1120
Merit: 68
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February 05, 2021, 10:53:15 AM |
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It's fine to hold it just a little longer since the price is not bad, and maybe after weeks or months you may want the price and sell what you hold. But still, it is really up to you if you want to hold it in and have a greater profit in the future. Bitcoin is really an investment and it's actually good for investing because you are in control of what would you want to do with it, and you can consider your other plans with it.
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virasisog
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February 05, 2021, 11:07:56 AM |
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Since you are not spending it, there is no need to sell your BTC. You should've sold it when the BTC price is at its ATH if you really have an intention of selling it once you have hit a certain target. I secured all my profit during it's ATH, my only mistake is not onvesting back when the market plunged down to almost 25k$, I could've earned more money.
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Similificator
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February 05, 2021, 11:34:32 AM |
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Look brother, if it were me, I would take half of my profits and reinvest it in stocks or any less risky investments and save some as an emergency fund just for unprecedented emergencies. This is because from experience, every pump has a fall. even when it reached 40 we saw it sink back to 33k-ish something. so be wise. This is an honest advice from someone who has experienced a lot in this industry and I really hope a lot would earn more in this industry and not just the whales. So good luck brother, I hope I was able to help.
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hearttt
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Activity: 65
Merit: 0
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February 05, 2021, 11:47:13 AM |
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I think this time hold for good profit.I am sure that the BTC will take the leading place in this world. I advise everyone to invest on BTC . I'm very happy to participate.
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lienfaye
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February 05, 2021, 11:50:32 AM |
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Its a good decision that you buy bitcoin last year before the price skyrocket and congrats for making profit. But your question can only be answered by you since its your money.
Since you said the money you invested is not for spending (and I assume you dont need it yet) then keep holding. We dont know whats ahead but knowing btc, there's more to look forward and we might reach another ath again soon.
Nevertheless if ever you sell now its fine because you already gain, thus it all depends on your decision to hold or take profit.
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FlightyPouch
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February 05, 2021, 09:11:45 PM |
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People like Elon Musk help to popularize Bitcoin and other cryptocurrencies. I think it can take 5-7 years and a lot of people and countries will be ready for the new money era.
no one knows for sure !! which is certain bitcoin will be recognized worldwide in a period of time sooner or later. although many people consider it a dangerous investment, for that before investing it would be nice to know all the risks If you can't take the risks, you should not invest in it. There are a lot of people blaming bitcoin because it fell down when they invested saying that it is a scam while it is their fault not knowing how the price moves. People should really know the risks and invest money that they can only lose.
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Twentyonepaylots
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February 05, 2021, 09:24:03 PM |
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That highly depends on your present needs, if you think you'll have something to spend it with that you needed dearly, then sell it, if none then hodl. Although personally what I would do is to sell some of it, keep some, then gradually work my investments up once again using the money I withdrew. if you say bitcoin as an investment then it is the right choice and of course very smart because the price of bitcoin is getting more expensive from the influence of high demand while the supply of bitcoin is very limited it will make bitcoin prices always go up and of course it can give a lot of profit to bitcoin holders, so what are you waiting for, we have to buy as much bitcoin as we can for a bright future.
It is an asset, of course purchasing bitcoins will be considered an investment.
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Wipeout2097
Sr. Member
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Activity: 840
Merit: 255
SportsIcon - Connect With Your Sports Heroes
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February 06, 2021, 11:41:28 PM |
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Currently market doesn't go right in that sense. The advertise cost isn't reliably expanding and with that being said, holding, alone, isn't sufficient to pick up benefit. You ought to learn how to purchase amid moo showcase cost and offer at whatever point the cost is tall. In such way, benefit will be greater than to fair lay down and hold up for things to happen. I do appreciate your courage to invest with the money you have got back at that point.
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vintages
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February 06, 2021, 11:59:50 PM |
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Don't always hurry to buy and sell because if money because Bitcoin investment should be for the long run. If you have money to purchase again, you may sell but it will be costly, so I do suggest you leave it and let it grow. Bitcoin price will still be higher than it present state.
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Rruchi man
Legendary
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Activity: 1456
Merit: 1105
Use chips.gg
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February 07, 2021, 02:16:08 PM |
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Bitcoin is a good way to invest your money. In recent time, bitcoin has been attributed and identified by many as digital gold i.e just as the normal physical gold is good for investment, so also is the digital gold (bitcoin) good for investment as well. The question then arises, "how long are you willing to hold your investment in bitcoin once made.
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Noctis Connor
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February 07, 2021, 02:27:38 PM |
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I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.
It is always up to you if you really want to sell all your bitcoin with that long term investment you did since you trusted bitcoin that long see now you have a fruit to harvest and your laughing friend believed you now like what you did on bitcoin last time you put your money in, I know this felt because when im inviting my friend too there all laughing at me they'll telling me that bitcoin isn't that worth and im just wasting money , time and effort , but for my suggestion you should learn more about bitcoin investment so you can grow them from trading or investing it into another coin. Since your having doubt about selling and holding read some more information that will open up your mind into outside the box that might help you someday to earn more.
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ifty12
Newbie
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February 07, 2021, 02:37:42 PM |
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It's not at investment. But sometime It's needs to investment. But we earn free bitcoin by many site. Like as crytotap.
Suppose you invest 20$ and you can get back 40$. It's mean you back double profite. So you can try to invest and you got more bitcoine.
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Rana590
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February 07, 2021, 02:43:23 PM |
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Bitcoin is a good way to invest your money. In recent time, bitcoin has been attributed and identified by many as digital gold i.e just as the normal physical gold is good for investment, so also is the digital gold (bitcoin) good for investment as well. The question then arises, "how long are you willing to hold your investment in bitcoin once made.
Bitcoin is a cryptocurrency that works like an investment even if stored in an account. The price of Bitcoin is constantly rising. Even if you buy and deposit Bitcoin in your account, its price is increasing. This means you are making a profit on your investment.
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ninabobo
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February 07, 2021, 02:55:02 PM |
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Looking at the current market some way or another cost will without a doubt fly once more. As others been saying here in the event that you are not in a rush should hold. Bitcoin has more to bring to the table for the clients and stacks a few while you can add to your portfolio. Perhaps in a couple of year's time 1 Satoshi is difficult to amass.
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hartley
Newbie
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Activity: 18
Merit: 1
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February 08, 2021, 05:12:21 PM |
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I put money with my friend and we bought one bitcoin and now we have a profit of 20% and I can affirm that it is a true investment.
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Daryl_Dixon
Jr. Member
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Activity: 89
Merit: 2
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February 08, 2021, 05:28:18 PM |
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Now you make fun of them and hope for your future bro. Bitcoin has reached very high prices since the day you bought it, and I do not know if we will see $ 40,000 next year, right? Anyway, I hope that one day we will not miss these days and build a good future.
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