Do You Follow Any Strategy For Selling Crypto?

2 31
Avatar for rezoanulvibes
1 year ago

We talk about buying and accumulating cryptocurrency. Do you plan to hold them forever or will you sell your cryptocurrency at some point? If you like to hold it and give it to your kids as heritage, you can do that.

I do think it will happen. Your kids and grandchildren will get cryptocurrency as property in the future. Okay, now come back to the present. We all know there are ups and downs in the crypto market. We just passed the bull market. Now we are in a bear market.

Maybe you don't like to look at your crypto portfolio now because it freaks you out. lol... But how did you feel when you looked at your portfolio last year? You were very happy and excited, right?

When you buy cryptocurrencies and add them to your portfolio, you follow some strategies. You should also follow some strategies to sell your crypto. Probably you wish you would sell the crypto last year that you hold now. Then you would have more money to invest in a bear market.

You are doing great buying low and growing your crypto portfolio. But if you sell too early in a bull market, you will fail to grab a huge profit. On the other hand, if you hold it too long, and the crypto market turns bearish, you cannot make a lot of money selling crypto at that time.

We all like to grab the top in the market so that we can maximize our return. From your technical analysis, you may get a pretty good idea. Still, it is difficult to grab the top of the market.

You may follow DCA to sell your cryptocurrency. Like you buy crypto in a small amount over a period of time, you can also sell crypto over a period of time. You will not miss out or end up holding your crypto in a bear market that you don't want.

In case you plan to grow your crypto portfolio only, following a strategy for selling crypto helps you a lot. You can buy more crypto at a low price in a bear market to add to your portfolio.

So do you plan to sell your crypto? If yes, do you follow any strategy for selling cryptocurrency? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.

Image Sources: 1

5
$ 0.58
$ 0.33 from @TheRandomRewarder
$ 0.10 from @Coolmidwestguy
$ 0.05 from @TheGuy
+ 2
Avatar for rezoanulvibes
1 year ago

Comments

I had few strategies, lol but not much of it worked as I didn't take profit in the bull run. So as of now sometimes I sell when the market rises and sometimes I buy when it goes down not much analysis for now. But majority of it is locked to HODL.

$ 0.00
1 year ago

It's hard to predict which direction the market will go. Hope I'll do better in the upcoming bull run than the previous one. lol...😁

$ 0.00
1 year ago