Buy or Sell Bitcoin Now? With new records is this the time to buy or sell Bitcoin?
25Should I buy or sell Bitcoin now? It seems like we are seeing new records almost daily so is this the time to buy Bitcoin or sell and collect the gains?
In this video, I share 3 reasons to buy and 1 reason to sell.
Why should I buy?
► Mainstream adoption
► Diversification
► Long-term profits
Why should I sell?
► Collect gains and buy back at a lower price. Bitcoin can be volatile but you can play the volatility if you are comfortable. For example, we sold when BTC hit 40K the first time, bought back at 32K, and are HODling now
Cryptocurrencies can be volatile so be prepared for ups and downs. As the price rises due to more widespread adoption, the volatility should actually decrease. Do you own research and due diligence but we are of the opinion that cryptocurrencies are a good asset to invest a small portion (2-5%) of your portfolio into. Assess your tolerance for risk and adjust accordingly.
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About Frank Chou:
Passionate senior finance leader with over 10 years of experience implementing finance best practices for multi-billion dollar companies serving both domestic and international marketplaces in the manufacturing, logistics, distribution, and fulfillment sectors. Founder and catalyst of world-class finance teams in both rapidly scaling and established enterprises. Proven as a trusted business adviser, building successful partnerships across functions and delivering bottom-line growth through implementing best practices, eliminating waste, and optimizing cost.
*Some products and/or links that appear on this video and channel are from companies from which Frank Chou may earn a referral bonus and/or an affiliate commission. This video is accurate as of its posting date.
DISCLAIMER: Frank Chou is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.
DISCLAIMER: I’m not a financial advisor/planner. The videos on this channel are for educational/entertainment purposes only. Investments in securities are not guaranteed to increase in value, consult your own advisor/planner when making personal investment decisions.
Buy or Sell Bitcoin Now? With new records is this the time to buy or sell Bitcoin?
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