How long do you have to hold Bitcoin before Selling

Bitcoin needs no introduction and if you are holding any quantity of Bitcoin or have made a trade in Bitcoin and wants to know what how long do you have to hold Bitcoin before selling then today we will discuss some important parameters which one needs to keep in mind before selling Bitcoins.

Bitcoin as a digital asset has given more than 300% returns in 2020 and many retail and institutional investors are now holding the Bitcoins. Monetary currency is directly affected by the inflation rate whereas Bitcoin being a digital asset is inflation proof and is not affected by it, though being at a very nascent stage, it is currently very volatile.

It’s supply in the market is limited and once mining of all Bitcoin gets over, its supply will get closed and the circulation and utility will come into picture. Bitcoin trading has gained massive popularity and apps like Bitcoin Evolution are contributing to it.

Good time to sell Bitcoin? – Time is the key!

Since 2009, Bitcoin has come a long way from $0 to $61,000 and data says that investors who have hold Bitcoins for a longer period, say 3-4 years have got extremely good returns on their investment. So, the key for good returns is time period you hold Bitcoins.

Crypto Industry has seen drastic changes recently and with the introduction of new popular cryptocurrencies like Ethereum, Litecoin, Dogecoin, etc., this industry is at booming stage. One needs to stay invested for a longer period to be profitable.

With the time, utility and acceptance of Bitcoin will increase which in turn will directly affect the pricing. One needs to be cautious against the volatility in the pricing, therefore an SIP in accumulating units work wonder.

Nothing is certain in future but the trend says that even with a dip in pricing Bitcoin has bounced back in past and is expected to give good returns if held for more than 3-4 years. Longer the duration, more likely the increase in profit %.

Let us know how long have you held your Bitcoins?