When it comes to crypto investment it is not an easy task to buy and sell any crypto. There are many difficulties when choosing any best coin because you must have proper learning about that coin and also you must understand about the future of the coin.
There are many people who say that crypto buying is the most difficult task because it is not known where to buy and what is the lowest level of buying. Many people gets confused about the level of buying because this market is unpredictable and any thing can happen.
No doubt that buying at right point is not an easy task but I must say that crypto selling is another difficult task then buying. Because when you came to know that you are in bear market and to what level you buy you will surely book profit.
But in case of selling crypto there is always regret if you not sell properly. There is limit for bull run and also the selling level is not clear because crypto has the potential that can go upside to any point.
Specially for the people who have invested for the long term gain. If your selling strategy is not good then you will surely miss the long term gain. Cryptocurrency has been known to its price movement either upside or downside. Also this market has lot of potential to make you wealthy and change your wealth status.
As we all know that crypto market runs on the cycle of bull and bear. Almost about every 4 years there comes a bull and bear market which you must understand when to invest and when to sell.
Another disadvantage of selling crypto earlier means that you have missed the opportunity you are being provided. Also you have wasted your 4 years of time if your selling strategy is not good.
The Complexities of Crypto Selling
The biggest regret is when you just entered the bull market and you sell your holdings. The cause of selling may be because of emotional decision. This is because after waiting for long time when you see your crypto price is up you become emotional and sell it.
That is why it is always emphasized that diversify your portfolio. This will help you to avoid mistakes. Suppose you invested in 5 crypto coins and by taking emotional decision you had sold one of your coin earlier then still your other 4 coins are safe and you can sell it to better price.
This is the mistake which every one of us made while selling crypto coin. And without a doubt this is not easy task to sell your crypto at the right point. There is no such person who have idea of where to sell which must be the peak of bull run.
According to my knowledge, the best strategy to sell your crypto coin is DCA. Its better to sell you holdings in layers such as when you come to know that bull market is entered you better sell 10% of your holding. In the same way go on selling which is the best way to keep away of regret.
Have you every experienced selling your crypto coin earlier and after your selling that coins pumps hard? Do you think selling in levels is the best strategy? Will be glad to see your answers in the comment section.
** hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.**
NOTE: IMAGES ARE TAKEN FROM CANVA.
Thank You!
Best Wishes.