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Bitcoin and Altcoins: Truth #2 "Never take profits unless..."

 2 years ago
source link: https://hackernoon.com/bitcoin-and-altcoins-truth-2-never-take-profits-unless
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Bitcoin and Altcoins: Truth #2 "Never take profits unless..."

Never take profits unless you're trading as a living, you just might fall into the trap that has doomed many in this market. Eventually, the market will get so hot and greedy, you will have to sell to avoid the inevitable bear market that follows. Until then, let your portfolio grow, otherwise you end up taking profits away from yourself, paying more taxes than you need to, and missing out on future growth.

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