Quote from: goldkingcoiner on Today at 02:46:55 PM

Quote from: GEMIN_M4 on Today at 08:55:54 AM

I find it more easier to hold coins and tokens if their worth isn't much, this means that we find it hard to hold simply because we invested too much money that we aren't ready to lose, here are two examples to back my point.

1. I always like the idea of " not selling everything ", assuming I have 1000 tokens I always sell 90% even when they are at ATH, leaving very few coins and tokens behind do have it's time, there will come a time where they add more value, remember not every ATH is the last ATH.

2. little coins that earned through airdops in 2017 they are not even close to 1$ and in January 2022 two of them did wonders, name is Avinoc and whackd token, I made 80$ from avinoc and 500$ from whackd, my main point here is if those coins have huge value at the time I would have sold them right? I took my eye off them because they have too low value...

Its just basic fundamental human psychology to become irrational when it comes to something they see as value. Especially when that something with value becomes something that is viewed as a huge value. The concept of value is subjective for everyone. While a poor man may put 1000 USD into Bitcoin and panic sell when it drops to a value of 800 USD or goes up to 1200 USD. That 200 USD is percieved as a large value.

A rich man could put in hundreds of thousands of dollars and not care about whether it goes up or down. And he hodls it for ages.

Guess who wins a worthwhile profit in the end?

Hehe you have a point mate, this is why the rich always get richer, the way they think when it comes to creating opportunities can't be compared to that of a poor man's soul, that's why buffet said " be greedy when others are fearful and be fearful when others are greedy", that moment when everything seems over is when rich men take the advantage and poor men scared away .