Hi Friends,
I recently sold some of my Cardano (ADA) coins at $1.30 after a big run:
You can’t tell from that chart but ADA went nearly to $1.50 so I didn’t really catch the top this time.
One of the problems with investing in cryptocurrency is that I have no idea when to sell. I took some profits on ADA and am keeping 500 coins just in case it goes parabolic but, unlike stocks, I can't determine a fair value that I think is appropriate, which then helps me determine my exit strategy - I am just guessing, lol.
So my question to the Leo community is: What strategies do you use to help determine your exit points on these coins?
Unfortunately, I do not have loads of time to research and watch the charts, so my investing is mostly a buy and hold until the time feels right, strategy right now. I am sure I will get chastised by some "who would never sell their cryptocurrency" (like I get when I sell some gold or silver bullion) but I am not that kind of die hard loyalist so you can save your criticism, lol.
Would love to hear from you experienced coin investors.
Thanks for coming by,
Brian