Before going further i will appreciate if you read my previous post Stated "
How I decided to buy some fractions of BTC after discussion with members". Since on February 2, 2023 I bought some fractions of bitcoin with just NGN33,000 then which was approximately 0.001848
BTC in turns of NGN37,657 almost about NGN4,657 increase (profits) do you suggest I should hold or take profit?
Usually i don't know what the market may looks like in the next 1 months to come, I missed selling at $31k since I was thinking it will gets to 40k but the market keep scaring me and you know emotion is being attached to this so I have to run down here to seek the best opinion on what to do comparing my condition as young mother who needs money for my up keep, since i don't like bothering my husband for money so i believe i can make out something good from here.
Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.
The amount you are calling profit is just very little to start thinking of selling, and the time frame of your investment is very short which is that of a trader. It will do you good if you invest in bitcoin and HODl for a longer time maybe at least 4-10 and 10-30 years depending on your capacity. Looking from the time you talked about this investment, you will notice that bitcoin price was low compeard to the current price of now. According to your explanation, on February 2, 2023 you bought some fraction of bitcoin about #33k which was equivalent to 0.001848
BTC which the price of btc was around
$23,468.60 then, now the current price of bitcoin now is $64,110.62 meaning that your 0.001848
BTC will have given you a total of $117 approximately #178k just within the intervals of 1year plus, then if you leave it up to atleast 5-10 years tell me how much you could make? Obviously you will have made yourself more profit. So bitcoin investment is good for a longer time duration intervals