After it went to 20, I would have sold half of it to get my initial investment back. Then I would probably hold the rest for a long time of around 1 - 2 year. By then, Bitcoin would have had a growth of 10x to 20x.
By then, I would have probably had invested at least another hundred dollars on it. Cause I am not stupid. I would have surely understood the potential of Bitcoin by then after researching it.
> Are you often tempted in selling soon or are you a strong hand?
Most people are tempted to sell when they see a sharp rise in value of their investment. I was too when I was a novice in crypto. And that is why I said that I would have sold half to get my initial investment back.
First l would've investigate about bitcoin, make a fundamental analyze, read the white - paper then l would realize that I'm holding something great. Because bitcoin has limited supply, it's great option for border payments etc. After holding till price of the bitcoin is 1k $ l could sell and make a great amount of profit.
I bought Bitcoin at 60$ and sold at 200$ ... really bad idea because I bought it back at 1800$
That's an excellent question! I'm sure I would've been tempted to sell it on multiple occasions. I suppose whether or not I would've done it, had depended on how much total profit I could've made. I would probably have not settled for anything less than life changing money. Had I bought 100 BTC for $10 each, that would've cost me $1000. At $10,000, those 100 BTC would've been worth $1 million. That's the kind of capital I would've needed to live off passive income had I remained single. To support a wife (a working one or not, it most likely wouldn't matter because women tend to a have a powerful desire to keep up with the Joneses that getting more money only feeds) and kids, I would've needed maybe twice as much.