Best Practices to Hold Bitcoin Cash in Portfolio

Market is in mixed environment as of now. It's not really going down too much and it's not rising up either. This makes it harder for any investors to decide if it's hold time or sell time.

Unless we see something good happening to the coins, we tend to wait for some market positive times and eventually sell the coin. But doing that with the utility coins like bitcoin cash and smartbch coins can be terrible.

Today, I wish to discuss this topic from my perspective here considering I want to share with you how the holding bitcoin cash is lot different than most of the other coins.

So let's discuss how to hold the bitcoin cash coin in the portfolio. If you are a BCH holder then definitely give this one a read.

Hold BCH for Adoption

You hold a coin if you see some sort of promise with it. Like say you see some future with the Bitcoin cash. You understand the value of the coin once it gets adopted by more people.

If you are holding the BCH, make sure you do so for the adoption of the coin. And you have some sort of the feeling that the adoption of the coin is what would help it's price.

Say if the adoption gets stronger it would lead to increase in price. Which also means that the BCH would be strong in the portfolio. And it could lead to more or less the better value for the consumers in return.

If you are holding the BCH in your portfolio then for the long run make sure that the BCH gets adopted by more people. You have to focus on it's adoption from small to larger consumers.

What's you goal?

Some people are into crypto to buy, hold and sell off to exit. Nothing wrong with that. as long as you know what you want, the plan is worth having.

So what is your goal for holding the BCH? Why are you holding the BCH for long term? You need to understand this goal and make sure to stick by the role of that, it helps you when you want to sell it with confidence.

Not knowing what and why is your goal for holding BCH is not going to show you the long term focus. Some of the time knowing your goal is pretty much important in the long term plan.

My personal goal is selling the crypto to buy a land. I wish to go there step by step and for the long haul. So I make sure to know my buying and selling goals all the time.

When Not to Sell

Just because BTC price is going down does not mean you should sell. Your focus has to be always buy low and sell high. Make sure to buy low price when the BCH price goes down.

This not only helps your portfolio but also helps keep the hopes for the coin up in general as more and more investors do the same thing. Which is collectively adds up as well.

When do you sell? Do you sell in panic? Do you sell when you don't know what to do with your investment? You need to understand your onw methods for holding and selling in that context.

I personally sell only when I need the money desperately. So I always learn through that pattern of the sell and buy as well.

You have to learn the same and decide for your own self when to sell and when not to sell. I personally have learned a lot from that sort of the self learning.

What do you think?

I have my own approach how to keep coins in my portfolio and how to get them off my list of investments. But this is my approach which is not for all as some people want to move too fast and earn profit.

So what's your method of investment in portfolio? How do you treat BCH in the same?

I'd appreciate your comments :)