It was almost a decade ago when the market of crypto currency officially started as a tentative step to digital currencies. Through the years, bitcoin has seen an incredible surge in value and the crypto currency market grew bigger than ever before.
Although buying crypto is not an easy decision to make, this doesn’t have to be the case as far as selling it is concerned. The extremely volatile 50% market changes are common in just a day that it might make you wonder if it is really a good decision sell crypto currency.
Here are some of the reasons why you should sell your crypto.
You Already Reached Your Goal
One of the most basic trading principles is that for you to earn a profitable investment, you have to sell it for more than its purchase amount. You need to sell once the price reaches the highest point since the time you decided to purchase it. This is what you call your time high. Make sure that you set a target. Once the market reaches a specific high time, this is when you should consider selling. In many digital currency exchanges, stop loss alerts can be set up so you will know if you already achieved your goal for your investment.
Your Investment is Making You Anxious
There are many reasons why people worry a lot when it comes to crypto. Crypto currency charts sometimes seem like a toddler playing around with crayons. Prices can jump up and down, with the most unpredictable changes. These shifts can be a major source of stress and anxiety because you can never foresee the amount of your assets the next morning.
You will continue to wonder if you waited for too long or you traded at the wrong time. You panic then sell everything out of rage. Crypto currency trading isn’t something that faint hearted people should get into. If these scenarios sound like you, then, maybe you should finally sell your crypto currency before your anxiety gets the best of you.
You Found Greener Grass Somewhere Else
Did you stumble upon a new form of investment that truly spoke to you? When investing, it is important that you put your money in places where you believe good opportunities exist. There are many startups searching for ICOs and investors promising some great projects so you could look for other places for your crypto currency.
For all you know, this investment might be much better than your future crypto. Just make sure that you practice due diligence. Always research about the investment opportunity, look into the founders, the product, the market, and others. There are times when fake projects are made by people who are only waiting for the time that you give them your crypto currency to scam you. Never let this happen to you.
These are just some of the reasons why you should sell your crypto currency. Always use your better judgment to ensure that you don’t suffer from your dire consequences.