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Those who held Bitcoin and other cryptocurrencies in their investment portfolios for the last six months have experienced a range of emotions - from the euphoric highs of Dec. 2017, when the price of Bitcoin almost blasted through the $20,000 barrier, to the crashing lows of Feb. 2018. That’s when this article was written and although now, when the market has entered[2] the green light, it might seem a little irrelevant, we all know about the potential for enormous volatility that lies ahead.
It’s important to note that this article should not be taken as investment advice and that you should always remember the golden rule of investment: never invest more than you can afford to lose.
Assuming the cryptocurrency market capitalization were to maintain a long-term upward trajectory forever, it would make sense to never sell your coins—presuming they have strong fundamentals—by “HODLing” them indefinitely.
However, if there’s one thing cryptocurrency investors have learnt this winter: it’s that sometimes it pays to take profits, which can then potentially be used to buy back into the market later when prices are lower. The problem,
