I own part bitcoin. I am planning to move it to a hardware wallet with a strategy to securely store my 24 word seed.
I am in no rush to sell.
However I don't understand what will it be like when the market drops (whenever in future). What is my best option of the three below?
- Sometimes in future extract out the money invested and HODL the rest? Yes, I know this is a taxable event.
- HODL the entire coin forever?
- Sell at some profit (using a stop loss) and purchase again when it is falling with a hope to average out below my current acquisition price?
How to know the floor for the bear market? Are any TAs predicting the floor instead of the year end price?
I am able to put in the money but don't understand how to remain in profit if I don't have an urgent need to liquidate it.
Any tips would be appreciated.
Edit:removed values from post.
No comments:
Post a Comment