LuckScout.com
Click Here to earn money by reading the question/story below and answering it or commenting on it.

Questions and StoriesCategory: QuestionsIs It Better to Buy Cryptocurrency and Hold It for Years or Buy and Sell After Small Appreciation?
22 Answers
Nnaemeka Victor answered 2 months ago

It is personal decision, you may decide to keep some for years and the other for small appreciation

Male answered 2 months ago

Is not better and is not advisable to sell it at small after many years of holding it.

Gareth White answered 1 month ago

Why not do both? Make small and regular gains if you know how to trade it and then have a long term play. Usually if you get in at the beginning you are buying low enough that it should only go up.

Leno Jean Pierre answered 1 month ago

The best thing is to buy and hold your cryptocurrency for years instead of buying and selling after small appreciate. Those who sold all their bitcoin after a small appreciation are regretting today.

Eli Davis Keinamura answered 1 month ago

It depends on how you manage financial risk and the timeframe you follow eg if you follow longer timeframes like monthly charts you can hold your position for even more than a year.if you have abigger account you can wait but if you have less account  your stop loss will be hit.

James0608 replied 1 month ago

No one knows what is the price after holding few years . It might go up or down . You have to hold based on your risk tolerance and make profit once it hit your profit target .

Leno Jean Pierre answered 1 month ago

If you’re a good investor,and you believe that the cryptocurrency you bought have the potential change to get higher value that now you can hold them for a long period but if you that it will not raise after a small appreciation then sell them and take your small profit.

Gareth White answered 1 month ago

As long as you’re in the market you have the potential to make money if you sit on the side lines you dont. Short term / Long term, either, or both just do it!!

Ahmad Khasan answered 1 month ago

Buying cryptocurrencies and hold it for years is a good investment. Look at the bitcoin. The key is to find the cryptocurrencies which are still in the development phase. This is because you can get it at a very affordable price, even some of them are free.

For example, you can start mining Pi cryptocurrency for free. You can find the information about Pi here. Or you can wait for Facebook’s cryptocurrency, Libra, to be officially announced.

I think those two cryptocurrencies have the potentials to revolutionize the cryptocurrency world. I think new cryptocurrency should have innovative and new principles compared to the bitcoin to be considered worthy of investment.

David Matlala answered 1 month ago

Initially when you invested in that cryptocurrency you must have had a strategy and a plan. So the best will be to stick to your plan.

Kenneth Ogbonnaya answered 1 month ago

I accepted all the comments of the LUCKSCOUT members. I think investing in crypto for longer-term is better considering the current price of bitcoin. But, is good not trade crypto rather on margin basis .

Leno Jean Pierre answered 1 month ago

It depends on your own decision.As for me my Advice is to keep holding for a long period of time.

Jackson Mugarura answered 1 month ago

I think this depends on ones personal decision, and the rate of appreciation. In Business sense, if the price appreciates, why hold onto an item? It makes sense to sell after price appreciation, in order to continue the business cycle, and make more profits than keeping an item for too long. This is because you never know what the future holds.

Nnaemeka Victor answered 1 month ago

On a second thought, if you noticed a sudden surge in price, say by %100 or over %100, I suggest you sell them and buy them when you notice a huge drop in price.

Leno Jean Pierre answered 4 weeks ago

As a good investors, you can hold them for along period of time if you are sûre that the price will rise up. If you’re not sure, You can sell You cryptocurrency after a small appreciation to secure you money.

Jackson Mugarura answered 4 weeks ago

I think like any other business, the major mission of any trader is profits. No matter how long you hold it the end justify the means. Sell as long as you can profit, leave the market and enter another one.

Kenneth Ogbonnaya answered 4 weeks ago

I preferred to buy and hold for a long period of time so long the hasn’t reach 100x in profit.

Leno Jean Pierre answered 3 weeks ago

Yes Mr Kenneth buying and holding for a long period of time is the best option, once it reaches your target you can simply seem and take your profit. By doing this continusiosly you can make huge profit.

Kenneth Ogbonnaya answered 3 weeks ago

The answer is that you can do the both depending on your financial ability.

Kenneth Ogbonnaya answered 3 weeks ago

Buying to hold and buying to sell after little appreciation,the both is very good, but, this depends on one’s financial ability.

Kenneth Ogbonnaya answered 3 weeks ago

Buying to hold or buying and selling after small gain is dependent on one’s financial strengths. You can leave crypto assets to stay for years if you have enough money, History have shown that the best performing portfolio are portfolio whose owners have died or the owners lost their Recovery phrase.

Kenneth Ogbonnaya answered 3 weeks ago

The 2 options are good ,but, this depends on one’s financial ability.

Kenneth Ogbonnaya answered 3 weeks ago

Both strategy is good.

Your Answer

10 + 1 =

Scroll Up