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RE: Paying it forward in crypto

in #crypto7 years ago

Hi there, great post :) noob questions:

  1. How do you know when to sell? Do you've a target set?

  2. What will you do with the money after you sell it? Reinvest it to other altcoin?

  3. I've heard people always saying about passive income and financial freedom with cryptocurrency / stocks but this doesn't make sense since you always need to sell, reinvest and sell.

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I can;'t really give you a good answer to that...when to sell if ever is very personal decision. Please read this GReat advice here for a strategy...

But I think the most important thing is to have a big-picture strategy so you can decide what you want to get out of this.
My general advice is buy things you really believe in and don't sell too often.
But again, that may vary upon your own needs and risk-resistance :)

I guess it's about financial freedom OVER time as stocks/crypto appreciates...

Thank you for these and maybe someone else can answer

Thanks for the link. Going to read that.