When the value of a Bitcoin starts to decline, people think that it’s now time to sell. You’ve done the necessary research and have built a portfolio filled with Bitcoins, but what do you do now?
First, you should decide whether or not to sell your Bitcoins. It could be a good idea to hold on to them, but you shouldn’t hold on for too long. You’re probably getting one of those inevitable “tipping points” where the value goes down further and you might not see a recovery in a while.
If you decide to sell then you can start to analyze how much you are really worth. If you’ve been trading Bitcoins for some time and you know exactly how much you are earning then this step is fairly easy. Otherwise, you’ll have to use the same software you use to calculate the total worth of all your assets.
If you do decide to sell, you can look at the chart of the price of a Bitcoin and decide if it’s worth it to do so. Although you might think the value will continue to rise, it’s important to also consider the prices at which it has historically traded. For example, when prices start to fall, you want to start selling your Bitcoins. You can pick up as many Bitcoins as you need and buy more later.
However, you should keep in mind that the value of a Bitcoin might go down further before it recovers. Therefore, if you decide to sell, you may not get the full value you’ve paid for. You can also find that someone else is buying up the Bitcoin and you may lose some money.
Regardless of whether you decide to sell or not, there are always opportunities to earn Bitcoins. There are websites and other products out there that offer you the chance to get Bitcoins as a reward for completing a certain task. They might be easy to complete and earn a lot of money, but you’ll have to find them.
Do some research to find these opportunities, and once you find one, sign up for it. Offer to pay them a percentage of the profits you make. This will earn you Bitcoins but it will also help you to get more.