A very interesting day today in the crypto markets, and it will be interesting as well to see what tomorrow holds. Today I decided to take about $100 profits from BCH and convert it to ALGO which gets a 4% yield. I look at it this way, I still hold plenty of BCH and this allows me to put a little money into something that earns interest which I can put back into BTC, SOL, or BCH if there is a pullback. I never think taking at least some profits is not wise. You just have to know what your buy and sell target preferences are and act accordingly.
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3 comments
You're doing a great job. I wish I can reach that point when my BCH a whole number.
I have a bit of it, but I have also invested mostly my own money into it.
It does have its own risks, but if you want to get interest on your crypto then, in addition to what @Ceekz suggests, you could try moving some of your crypto to BlockFi.