Post
Topic
Board Trading Discussion
Re: It's ok if your profits are less
by
LUCKMCFLY
on 21/07/2020, 17:30:14 UTC
I had been holding 1000 Eidoo coins since a few years and was wishing the price rise high so that I make a hefty profit out of it.
But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.

But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
Thanks for telling your experience, I'm glad you were able to get a profit from it, normally when Bitcoin is in a bullish trend it is when there are more chances of profit for altcoins.

When we talk about coins and hodl it is difficult to resist the falls of the same, but you did very well in having sold, the opposite has also happened and you lose even more value in coins, normally when I have coins like that I place them in order of sale with a +30 +40% profit.