Welcome to Discussion Bucks

Earn Cash While You Engage!

Join the ultimate paid-to-post forum where your opinions earn you real cash! 🌟 💵 Earn While You Post: Share your thoughts and watch your earnings grow. 🌐 Global Community: Connect with members worldwide. 🎁 Exclusive Perks: Enjoy rewards and VIP perks. Get Started in Minutes!

SignUp Now!

Crypto advice: Take your profits when you reach your target and leave the market.

Fidelia

Veteran Member
Bronze Supporter
Literary Virtuoso
Registered Member
Joined
Oct 3, 2023
Messages
4,260
Reaction score
192
Trophy Points
7
D Bucks
💵0.015962
Referral Credit
0
For some people, they have targets to achieve with their crypto investments. Some invest to get enough yield to build a house, or buy a car. And they have a target profit level to meet up with their targets.

The advice is to take profits when you hit profit at your target. Don't be greedy to hold and want more profits.
 
Every investor must have made a target for when to take profit, but crypto volatility is very difficult to predict, so we can also make a gradual target to sell crypto, so if the price continues to soar we still have the remaining crypto to make a bigger profit.
 
I always tell people if you have made up to 3 times your investment in crypto, it is a good position to take your capital out with small profits and invest the rest.
If the crypto price has made up to 3 times, meaning if you buy Bitcoin at $50k, then you target to sell at $150k, how long should you wait.
 
Back
Top Bottom