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.
So you're saying you chose not to sell at $69k but you're seriously considering selling now at $29k, when there are several spot ETFs that could be approved and in a few months there is going to be the halving? I mean, everybody can do whatever they want but it doesn't look like the best move to me... If you didn't sell until now just wait a little longer, for sure buying stock you won't make 5x in one year. 
Topic: How to manage bitcoin correctly? - page 5. (Read 934 times)
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.
It is difficult to give exact advice because we are not in your situation. At what price did you buy bitcoin and are you making a profit or loss if you sell now? You redirect your investments to other assets, which ones? Is it as profitable as bitcoin and as secure as bitcoin? There's so much that you haven't given us, it's hard to give precise advice. But I just want to tell you, bitcoin will soon rise again and surpass the old ATH and will create a new ATH in the future. I believe it will happen so I am still working hard to buy bitcoin every time I have money instead of selling it now.
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.
Let me correct ya there, OP.It is reasonable choice to forget about BTC for now and somehow try to invest somewhere else. Don't sell just forget about Bitcoin even existed in your life so that you wouldn't think about the returns so much. I am pretty sure that others told you that in this previously.
You mentioned that you already held BTC for many years. Unless you're day trading, your management wouldn't matter so much since you're not actively looking at your investment. You got the balls to not sell at 69k and I give you that.
My question though would be, if the money you invested was not the money that you'll need within couple of years or so? Problem is people think that they can just go and risk the money they needed to BTC in hopes of "better life" and that's the least possible thing you would think of when investing even outside crypto.
Yeap too many factors which differ in each person.
You need money you sell earlier. On periods of long stagnation investing promisses a better return. i.e. Stock exchanges.
Money needs to work to win inflation.
You need money you sell earlier. On periods of long stagnation investing promisses a better return. i.e. Stock exchanges.
Money needs to work to win inflation.
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.
The answer depends on many factors, such as do you have an overall wealth building plan? It gives me the answer is that it does not.
It's not the same if you have bought a lump sum and you are doing DCA, it's not the same if you have an emergency fund, or wealth in other assets or if you don't have it, etc.
If you specify more points we can help you better.
In terms of profitability with a certain level of security nothing is going to beat bitcoin, so if you have your finances under control, I would keep the investment only partially selling if at all during the bull market peaks.
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OP, do you remember the parable about people giving up when they were almost close to their winning point? Of course you know that every Investment has its own risk attached, and the truth is that you have held your Bitcoin and did not sell it even at $69k, so do you believe that if you sell now and invest in another thing, you can make about $69k in a shorter period of time than if you still hold your Bitcoin and wait for the next bull market? One principle of Bitcoin is, "Keep holding until you make a profit; don't sell cheap." It's your decision to make, but one thing I know for sure is that if you obey the rule of holding, you might even see Bitcoin trading above $70k.
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.
Firstly. So do you think it's worth it to sell at $30k now when you've waited and let go of ATH before?
I think in this case only naive people hold back when the price has been ATH by not selling bitcoin but after so many things happened with the crash and some negative news and now back on track quite well at $30k after previously $15k and trying to sell now.
That is not justified even though we are free to do that.
Secondly. I don't think there is a better investment than bitcoin for cryptocurrencies so in that case why would you move your assets when they are already on a good track but choose something more risky.
Indeed in this case we also cannot force the will and if it is not strong in bitcoin the possibility of leaving is the right thing if you do not feel disadvantaged. but in other conditions than being in altcoins then clearly bitcoin is the best place and that is a certainty.
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.
If you want to enjoy investing in Bitcoin, you must be patient and understand that you can lose or earn money at any time because it is volatile. I don't believe there is a better secure or beneficial investment than Bitcoin. It's just that it's a long-term investment; you won't get rich overnight. It's only that you need to learn more about investing in cryptocurrency so that you can manage your investment. Don't sell your BTC, just leave it for a while and you'll enjoy it in the feature. When you sell your Bitcoin and invest it in another investment or platform, and you subsequently regret doing so, you will remark that it is preferable to leave it.
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.
And why do you think you're still holding BTC for years if you think there's much better investment than Bitcoin? I mean it's normal for Bitcoin to drop it's value since it's volatile, no need to panic selling or buying as long as you know what are you trying to achieve. For example your planning to reach thousands of dollars so when that time comes you could sell, there's no bad thing as long as you are contented with your profits. Because I think the thought of BTC will increase again despite reaching your target value, I would consider it as greediness.
If you are not good at investment management then just hold bitcoin long term. The best strategy so far in making it easy to buy bitcoin is to do a regular DCA like weekly or monthly whichever feels you comfortable. Only invest money you can afford to lose of course.
Another thing to point out is you take note of the 4-year cycle of bitcoin especially if it continues to move the same way. So plan long term and try to withdraw only after the year of the halving period as it is always the year where bitcoin is at its highest price.
Another thing to point out is you take note of the 4-year cycle of bitcoin especially if it continues to move the same way. So plan long term and try to withdraw only after the year of the halving period as it is always the year where bitcoin is at its highest price.
Do you need that money right now? is all you need to know to make a decision.
Why should you switch your Bitcoin to another investment if you've seen BTC hit ATH? I'm assuming you're not in a crisis. Just use some other funds if you want them.
Why should you switch your Bitcoin to another investment if you've seen BTC hit ATH? I'm assuming you're not in a crisis. Just use some other funds if you want them.
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.
Hold 2.625 Bitcoin and never sell. If you manage to acquire more than 2.625 Bitcoin in the market, you can use this amount as follows: Buy low, sell high. Not the vice versa.
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.
If you are very sincere to yourself, you will understand that you did not just hold bitcoin today and the price skyrocketed to $69000. You have held it for a long time and it gradually grew to $69000.
Again, if you are also very understandable and can remember you will understand that the Bitcoin price did not just drop from $69000 to $30000. It gradually reduced to the stage of 50,000 dollars later to 40000 dollars and it even went to the stage of 15,000 dollars. During all these phases, you did not sell. Now bitcoin returned from 15000 dollars to the stage of 30,000 dollars which shows that there is increase and we are gradually going to the next bull run, why the idea of selling now?
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.
I would have advised Op to sell if it was for emergency purpose or they lack money to do something important. Since it is selling for another investment, it is not a good idea. The joy is no longer far and it worth the wait. 
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 was high you did not sell and now the price is up and you want to sell, so what i want you to understand is that the price of Bitcoin always go up and down and when the price rise what you buy, you can sell to make profit, nobody will advice you know or tomorrow to sell now that the price is at 30,000 why you have kept your coin when the price was at 60,000. If you have a problem that you know that needed money I will tell you to sell and sort off your problem 
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.
At that moment, many hesitated to sell in the hope that it would go up again and choose what you did, this is the market. we can't fight the mainstream. But, as much as possible at that moment you can read the situation.
What you have to do now is hold, if you plan to exit and diversify into other assets I think it's your responsibility to do it especially when you buy not at the current price above it. However, if there is a price difference when you sell (profit) that is your right.
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.
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.
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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.
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.
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.
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.
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