One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?
The problem is solved quite simply. You must initially have an idea at what levels you will be fixing profits, and no matter how much the asset grows, you cannot know the future, however, you can stop in time.
Thus, you can afford to lock in 70% of the profit according to your plan, and leave the remaining 30% in case of prolonged growth, having previously set a stop loss at the level of your first sale.