Quote from: Shasha80 on August 27, 2021, 10:48:18 PM

Quote from: Erdogan on August 27, 2021, 10:12:02 PM

Quote from: QuickAccount on August 26, 2021, 06:49:51 PM

I havnt been paying attention to the price of my crypto due to school, and other stuff going on. A month ago I turned 2/3 of my cardano into bitcoin. I looked today to check my gains/losses. I would have doubled my investment if I kept my cardano. I am not gonna let it get to me, but it could have been pretty cool if I held it. hats off to the people that have the patience to hold coins going nowhere for a while.

The same could have happened if you hadn't just held Cardano and the Bitcoin price would have gone up. Unfortunately, on the cryptocurrency market, earning is often associated with a large dose of coincidence. If you are investing in the long term, you shouldn't worry about this difference. Sooner or later you will also earn on Bitcoin.

No need to regret it if it turns out that the Cardano that we have has been converted into Bitcoin. Even if we keep holding Cardano the profit generated
will be much greater, if we look at the price of Cardano which continues to rise. But we also have to imagine what if Cardano went the other way,
maybe we would regret not converting Cardano into Bitcoin immediately. Indeed, the movement of cryptocurrencies is difficult to predict, so don't regret
all the decisions we take, as long as we are still making profits. Still we must be grateful, because it is not good if we are too greedy in pursuing
profits from crypto investments.

That's exactly what I meant. Cardano's price could also have been corrected and the situation would have been very different. This is exactly what happened at this point, but in the long term, everything should even out and the theoretical loss will not be visible. Well, unless the Cardano price continues to rise. However, no one can predict this.