Post
Topic
Board Beginners & Help
Re: do not exceed your targets
by
Smartvirus
on 24/04/2023, 22:48:59 UTC
I have learned something so important in the previous bull market that got to about $30k . When the price of bitcoin was $21k I bought some bitcoin and after getting this amount of bitcoin I had target if it gets to $30,000 I will take profit, luckily it got to the price I was targeting but I was reluctant to take profit like I planned thinking the market price will go beyond $30,000 to get more profits but unfortunately the price didn't continue to increase,  but I'm not worried about that because I know the price will definitely increase again and I will get my profit of target.
It's always a good thing to make plans and actually follow them. Without plans, it's so easy for one to lose its course. Plans are the only thing that helps one to stay in line and avoid unnecessary regrets. Good enough, the bitcoin market is one that its volatile nature could be overcomed by having enough patience for the market to bounce back to a desired price.

Hodling is always your asylum in an unstable and unpredictable market. It's not a bad idea to always change the plan to hodling after you have faulted it. You'll always better off hodling than trying to profit at every price shift.