No.
This is not the right time. You should always sell when the price is high and not when it is low or you don’t know ‘how low it can go’.
If you sell your Bitcoin at this time, how would you know when it reaches the bottom? It could be right now.
The last time Bitcoin prices rose it took it only 30 minutes to travel ladder up above $600. You miss that window and you would be cursing yourself.
At this position, at least your are sure that you will make a profit any moment from now. Then why should you put yourself in an uncertain situation?
I don’t think it’s a wise option. Just manage some extra Capital and pour it in with Dollar Cost Averaging method.
I hope this helps!
Well written, for everyday coin owners Hodling is the best long term strategy.
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True. Thanks for appreciating,.
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I agree completely.
One other thing, while many are projecting another pullback, what if BTC goes up? I would imagine the person would be kicking him or herself if it went to $6000.
Swing trading is tough business...not for the average person.
I like your suggestion...keep adding to your base by dollar cost averaging.
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Thank you very much.
I did experience that when it rose to $5000. :) I was stranded.
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much helpful
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