How to manage bitcoin correctly?

[usekevin]

It's common one bro, because the trader will get into greedy to see the maximum value.But the all time will not survive longer, after ATH people start to sell their holding account to cash out from bitcoin.Don't worry about the current price,the bitcoin price will back to 68k in the next halves.Most of the experienced gamblers think of next halves will be on next year.So hold your valuable bitcoin till the end of next year.So you get double the profit the profit from the same bitcoin, just hold your valuable bitcoin to get good profit.

[Franctoshi]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

You hold Bitcoin for years? That makes a lot of sense and you must be in a good profit by now if you bought below $20k.
Coming to your question, you didn't state if you are on profit or not,  however, if you got some profit I would suggest you take out your initial capital and leave the profit until next halving if you are scared of further Bitcoin price drop.

In my opinion, I would say now is the wrong time to think of selling Bitcoin.
Lastly, you need Bitcoin education to further understand when to sell or buy.

[TheGhostMan]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

I believe that, before making any decision related to the management of your Bitcoin investment, it is essential to carefully analyze your financial situation, your objectives and, above all, your risk tolerance. Taking this action demonstrates prudence and responsibility. In addition, the fact that you are considering tips and seeking advice from others to improve your financial knowledge is an advantage, as it will allow you to gain valuable experience to make sounder decisions and maximize the potential of your investments. Always remember that thoughtful and careful management is key to achieving long-term success in the world of cryptocurrencies and investments in general.

[hatshepsut93]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

Bitcoin is expected to grow in the next 1-2 years because of the halvening, which previously always resulted in bull market. But you only profit from Bitcoin if you actually sell it, so don't be greedy next time and take a good profit, instead of waiting for a hyped prediction like $100K.

[acroman08]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

this will entirely depend on what is it exactly you want, Others will say that it is good to sell since you've been holding your BTC for years and it will be a guaranteed profit and some will say that hold it and will claim that BTC price will surely rise again. what I would say is ask yourself what is it exactly that you feel and what? do you feel comfortable holding your Bitcoin? do you feel that Bitcoin will never reach the previous ATH? Do you feel that there are far better investments than Bitcoin and would surely give profit? if you think that it will be far better for you to withdraw your investment and get that profit and find another investment, then go for it but if you are not, it would be best to not do anything for now and give yourself time to think more about what you want to do.

[adzino]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

Are you going to sell it at a loss? Then don't sell it if you don't need the money. Keep holding it till you recover. But if you need the money badly, then go ahead and sell it. There is no need to risk any further. You already took unnecessary risk by investing money that you couldn't afford to lose/risk.
On other hand, if you mean you don't know when to sell, that is if you don't know the price has peaked or not and hesitate about selling, then the best thing to do is make a profit goal. If you reach this goal, start selling. Or else keep holding. Once you sell, take the profit and restart what you were doing but this time with a new target.

[AprilioMP]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

When Bitcoin is at a price of $ 30,000 or less than it, it should also be at Hold. How to manage Bitcoin is usually like managing other investments. There are many suggestions from them so as not to sell when low prices if you see an opportunity to increase and not buy when you have a price analysis will decrease.

As you put a strategy on other investments to get a profit, then installing the same strategy also applies to Bitcoin investments.
I do not want to rush to think about how to manage Bitcoin (buy, hold, sell) which is known as trading and investment because it understands about bitcoin specifically (storing, security) is more needed.

[worle1bm]

If you didn't sell at ATH prices then why are you pressurized to sell now when it's less then half also? There were many people who made the decision to hold instead of selling at that time but still holding we can't say they all are bad at fund management.See if you think you are in profit mode at current levels also then selling is not a bad option but if you are in loss and selling without any urgency just to shift towards other investments then it's completely wrong move on your end so just have patience to get more returns in coming months.

[sokani]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

I can tell you that there's no other better or safer crypto investment out there than Bitcoin. Bitcoin is real and with good knowledge of the market you are certain of making good returns of your investment. You can choose to sell your bags now and invest in other projects but you will regret it later. You missed the opportunity to sell your Bitcoin holding during the ATH because you didn't have good knowledge of the market. My advice is for you to seek for knowledge, study how the market works, hold on to your Bitcoin and wait for the bull season, sell during the bull run and buy again during the bear market.

[SOKO-DEKE]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

I think you've seen a bull run before because, based on your post, you didn't sell when the price of bitcoin hit $69k. I should note that you are aware of the positive effects of the Bitcoin price going through a halving period by seriously pumping, and you are also aware that the next halving is right around the corner. This means that in a few months, we will experience another halving, which historically follows a very halving bull run period. I sincerely believe that the next one will be successful.

As a result, I will never advise you to sell your Bitcoin during this downturn. It will be beneficial if you can have patience and hold off on selling your Bitcoin investment until the following bull run. However, if you are certain about the other investments you want to make and there is a guarantee of a good profit, I simply suggest that you sell some of your Bitcoin holdings and make additional investments as you see fit.

[Despairo]

When we're talking about investment decision, it back to everyone preference.

How much you bought Bitcoin before? let's say you bought it when the price was $20K, so if you sell it now you still make 0.5x profit from your initial investment amount. What's the other investments you're talking about? if you want to convert it to shitcoins, I'd say it's far better to hold your Bitcoin. But if you want to convert it to gold, real estate or business, well I can't resist your intention because it might fit for you.

[Emmanuelex]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

No don't sell it. The market is getting close to becoming bullish. Look at the recent events that have taken place in the market. By now we are certain that a bull run is on its way, and by next year or two, we will be met by a huge bull run for Bitcoin that might exceed the last one of $69,000.

Even if you want to sell, maybe because there's need for it, I would advise that you sell just a part of it and continue with HODL'ing the rest.

[hd49728]

When we're talking about investment decision, it back to everyone preference.

How much you bought Bitcoin before? let's say you bought it when the price was $20K, so if you sell it now you still make 0.5x profit from your initial investment amount.

People in cryptocurrency market are extremely greed while they should know 50% profit is a very big one. They must look at annual interest rate in developed countries like the USA. to know 50% is a damn bit interest rate.

What's the other investments you're talking about? if you want to convert it to shitcoins

They hope to get like x10, x20 profit and they do see that they no longer get it with Bitcoin. They can not stop to be greed and must find alternatives in altcoin market. Are altcoins good and safe to invest?

They are shitcoins and use all capital they have to invest in altcoins is one of most stupid investment decisions.

I'd say it's far better to hold your Bitcoin. But if you want to convert it to gold, real estate or business, well I can't resist your intention because it might fit for you.

DCA with Bitcoin and hold it. At least it is safer than buying, DCA altcoins and hold altcoins.

[Tony116]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

Why do you think you are not good at managing bitcoin when you can hold it for years and you are determined not to sell when it hits $69k? Why don't you want to sell it when it hit $69k and now you want to sell it when it's only $30k? You will lose 50% of your profit if you sell now, if you don't need the money urgently, selling bitcoin will make you regret it later. I see you manage your bitcoin very well because can hold it for a long time until now. If you need my advice, I suggest you keep holding like you've been doing for years, but the final decision is still yours because it's your bitcoins.

[Blitzboy]

Its normal to feel nervous. Cryptocurrency markets are volatile, making it difficult to know when to sell. Dont panic. Selling BTC today may seem sensible given the recent decrease. Investing's golden rule is buy low and sell high. Selling now violates this. BTC has also rebounded from many dips and collapses. Maybe you should hold onto your BTC till the price rises. You could diversify your portfolio and reduce risk by looking at different investments. This isnt financial advice, but I hope it gives you another viewpoint.

[lovesmayfamilis]

It's likely that at the time that Bitcoin reached its high price, you made a profit, right? If you need funds now, can you call yourself a person who will not receive a loss from the sale? If you can get your money back, at least as initially invested, then sell; if not, then it would be right to wait for growth so as not to regret selling in the future.

[fuguebtc]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

I can tell you that there's no other better or safer crypto investment out there than Bitcoin. Bitcoin is real and with good knowledge of the market you are certain of making good returns of your investment. You can choose to sell your bags now and invest in other projects but you will regret it later. You missed the opportunity to sell your Bitcoin holding during the ATH because you didn't have good knowledge of the market. My advice is for you to seek for knowledge, study how the market works, hold on to your Bitcoin and wait for the bull season, sell during the bull run and buy again during the bear market.

He missed the opportunity to sell bitcoin at a high price but if he bought it at a low price and still made a substantial profit selling his bitcoin would not be a bad decision. If he wants to diversify his investments into safer assets like gold or real estate, then selling bitcoin will have no regrets. But if he were to sell bitcoin to buy altcoins, it would be a rather reckless decision that needs careful consideration.

Bitcoin is a potential investment but don't put all your assets in it, diversification is necessary. Moreover, those who are willing to take the risk can take a little risk with altcoins, it is well worth a try because of the huge profits it can bring.

[Nrcewker]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

You have witnessed Bitcoins touching 69k usd, but you still now complaining about it’s capabilities? You have seen how rapidly Bitcoins traveled from 20k usd to 69k usd in just few months. Hence similar thing can happen anytime soon if the same demand comes up again. You have held your coins for so many years, let’s hold it for few months more. Definitely you will see 2-3x the profit once Bitcoin picks the pace and climbs up. Bitcoins are meant to be long term investment. So just manage them by not touching.

[Learn Bitcoin]

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

Look, if you are out of money and you want to sell to get some cash, I cannot suggest what to do. You will make the right decision. But, If you plan to sell your Bitcoin right now to invest in something else, then don't make this mistake. I don't know what your buying price was, and I don't know if you are in profit or maybe you are in loss.

If you are planning to invest in something else, don't do it. Bitcoin is a better investment in itself. The halving event is a few months away, and maybe we are waiting for another bull run. We never know when it will be there. But, hold it two more years.

[rat03gopoh]

Selling just to switch investments? My opinion tends to say no when you say you have poor management skills. Even if someone suggests you a better investment instrument, I think you find another hesitation to take profit.

Actually how much longer can you afford to hold, and what is your (reasonable) target price? When you answer this, then you have to commit to it.