Investment bank Citi notes that cryptocurrency market correlation with equities is tightening as volatility returns. Bitcoin and ether are experiencing higher short-term volatility, influenced by broader market uncertainty. Experts advise assessing crypto’s role in your portfolio to determine when to sell, setting stop-loss limits, and monitoring market conditions for the best decision.
Experts recommend setting stop losses at 5-10% below entry point, adjusting based on technical levels. Mitchell DiRaimondo suggests holding if you understand the asset, believe in the thesis, and have a long-term horizon. Ankush Chowdhury emphasizes monitoring adoption, trading volume, and regulatory news before deciding to sell or hold a cryptocurrency asset.
Leo Fan recommends holding mainstream tokens like bitcoin and Ethereum for the long term due to their resilience to short-term swings. He suggests taking partial profits to lock in gains while maintaining exposure. However, Robert R. Johnson advises selling crypto assets immediately, citing the lack of intrinsic value and high volatility as risky factors.
Hargreaves London warns against investing in bitcoin due to its volatility and lack of intrinsic value, posing greater risk than traditional investments. Investing in cryptocurrency assets remains polarizing, with varying opinions on when to buy or sell. Conduct thorough research and only invest what you can afford to lose, as risks persist in the market.
Read more at Nasdaq: How To Know When To Sell Your Crypto, According to Experts
