I have bit coin price approximarly $2983 should I sale it or keep it?
RE: What is Cryptocurrency and the Ways to Earn From It
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What is Cryptocurrency and the Ways to Earn From It
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Owning 1 bitcoin 10 years from now will be almost unheard of. I hold onto bitcoin because over the long term it has been more stable than almost any other crypto though start to buy some smaller cap cryptos. If you are looking for more stable currencies that will grow over the next few years then consider buying larger cap currencies. If however you're looking for the type of returns that bitcoin holders experienced the last few years then you may want to consider putting small amounts, such as $100 to $200, into other coins that could possibly give you 10 to 100x returns in the coming years.
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First of, congratulations on massive increase on your investment! Yay!
Secondly, I'm not an expert but I think to sell or not to sell depends on what your goal is.
One thing you might want to ask yourself is- what is a gain that I'm comfortable with for this investment?
The answer to this question varies per person, hence some would sell at 20% gain, others would wait for a 10x return.
Some say BTC will go back down to $7k mark. Others say it is on its way to $30k. If you do sell, and in case the price shoots up, don't focus on the opportunity lost, but rather focus on the gains enjoyed.
If you don't sell and the price goes down to $7k, hey you're still at a profit!
Good luck! :)
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Yes I think I should invest in other terms. because it is more fluctuating then other businesses.
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