How Do You Know When To Exit Your Bitcoin Trades?
When you’re doing your Bitcoin investment research, you may come across a lot of experts touting the “end of the dollar” and anti-USD sentiments. By now, we’ve all heard of the irresponsible money printing going on at the Federal Reserve, debasing currency at a constantly accelerating rate. It’s not even a controversial standpoint to be skeptical of the USD hegemony, and the general sentiment has changed radically over the last few years.
A large portion of die-hard Bitcoiners and crypto believers are staunch believers that the end of the USD is nigh. They also claim that eventually BTC, ETH, and others will be the next reserve currencies of the world, completely replacing the multi-trillion foreign exchange markets as the underlying currency.
While these ideas do have some logic behind them, we’re still not paying our bills in Bitcoin. And why would we? If you’re paying a $40 phone bill, why would you give T-Mobile $40 of an asset that has gone up 2000% in the last year? Why not instead get rid of things that depreciate, like dollars, while holding on to your Bitcoin, gold, and silver?
The point is that unless you’re already a billionaire, you need dollars to live your life, which means you need to learn to click the “sell” button to collect cash.
So when do you sell your Bitcoin?
Dr. Charles Nenner’s company is one of the top Bitcoin research firms in the world, and it has been consistently giving clients entry and exit points for the world’s flagship cryptocurrency. By using his proprietary cyclical models, a trader can do 3 things essential for building wealth:
- Buying at the low points for short-term gains
- Buying at the low points for long-term wealth building
- Selling at the peaks to realize your short term gains (and pay bills)
As much as we love to talk about HODLing (Holding on for dear life), we need to sell at some point to realize our gains and reap the fruits of labor. For perspective, if you bought Bitcoin at $12,000 in 2017 and refused to sell at the top of the cycle just weeks later, you would’ve had to wait 4 more years for Bitcoin to witness its parabolic rally in 2021.
By using Dr. Nenner’s Bitcoin trading research, what you could’ve done is get in well in advance of the bull runs, and cash in at tops several times in the past few years, amplifying your gains to unimaginable levels.
Some of us are getting old. “HODLing” in your mid-seventies really doesn’t make a lot of sense. What does make sense is consistently pulling cash out of the market to cover the daily expenses of life.
Visit Dr. Nenner’s Bitcoin research website today to get access to models that can up your BTC trading game to new levels.
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