Bitcoin is stable for months, what to do?.These are the questions roaming on every topic on this forum so im helping you decide whether you want to sell it or buy something. Well, im promoting buying so here's why.
You probably have some coins bought when the price is still high, and you want to sell it because you are afraid that it may go deeper and you lose more. These is called the panic sellers which triggers When the value of the coins they are trading or holding pump down. What will happen? You will claim that you defeated and surrender for what we say bear manipulation. You just gave your money to them, you get depressed and you eill post bad news about bitcoin so that a lot people would be discouraged to invest. It doesnt help yourself and doesnt help other people either.
But what if, instead of declaring you lose, you hold your coins until it goes back because we both know that this drop is just temporary and when the value get tired of being low, it will soar high again. Its a winwin situation for us financially and emotionally. Yes , it is depressing until it still low but we know we are not lose until we sell it. More money, lesser stress.
We should take this low value opportunity to buy rather ranting nonsense that wouldnt help. Have a strong heart people.
I really do not like to buy and hold a coin where the only interesting thing about it marketwise is that its price could go up or down (and of course I hope it goes up). However, I really do enjoy buying coins that have a proof of stake component so that the coins I buy produce more coins. A few years ago, I discovered DMD Diamond. At the time the coins were a quarter apiece and I figured out how many I would need to have in my wallet in order to yield around $25 worth of new coins each month. I figured I'd use that as my spending money, for things like books on Kindle, the occasional latte, etc., and I wouldn't have to strain our already tight budget.
That little scheme worked out far better for me than I could have imagined as the price went up and now enjoys a price of around $3.65 (which is by no means the ATH). Regardless of the price, I never sell off my principal. I only sell off the newly minted coins. Although I'd certainly prefer to sell off my minted coins at a higher price, I can still feel OK about selling them because I'm not cutting into the principal and I know the coins I sold will be replaced.
So I'm thinking for those who want a bit more to go on than a coin that has a price that could "go to the moon," I would highly recommend getting into DMD Diamond. You currently need at least 200 DMD to consistently mint new coins, but that's still cheaper than a single Bitcoin. DMD Diamond is about to celebrate its 5th anniversary too, so give it points for staying power. But of course, everyone should do their own homework before buying in.