In 2017 when bullrun took over crypto space and many altcoins joined later some people still keep holding thinking that their altcoins will keep surging and surging, little did they know that bull season always have short life span when comparing to bear season, bear season can stay for years but bull season is just in months, so why are you holding when you should be selling?
Remember that some bought bitcoin at 20k and they have no choice but to hold till today, imagine all this year's waiting just to get back to where you once are. Bitcoin is over 18k now, good for them cos they are near recovery since 2017.
Know when to get in and know when to get out, don't be a greedy bastard.
This post just testifies to the fact that in the world of cryptocurrency there are no predefined patterns of behavior with cryptocurrency. What happened in 2017 - 2019 does not work with the same precision now. The post practically called for selling cryptocurrency, and above all bitcoin, as soon as at least a small profit is achieved, based on the fact that the bull market in cryptocurrency is short-lived and will be followed by a long bear market. As we can see, this assumption has not yet been confirmed. Bitcoin at the end of the previous year successfully broke its previous price record and is now at about $ 50,000. At the same time, we still hope that it will continue its price growth. If we followed this call and sold our bitcoins when it just crossed the $ 20,000 mark, then now we would be in a very disadvantageous situation.