Quote from: Kasabus on Today at 01:28:52 AM

Quote from: Y3shot on April 21, 2023, 10:32:46 AM

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.

I'm saying this because of some people who may have a target, it is important for them to hodl to their target and not be carried away by the increase of price of the market. The market can never be predicted, hold to your target and never be too greedy to make more profit. There is another day for another profit. This is important for people who have been patiently waiting for their target .

It’s a certain fact that people decide to invest not only because it’s their passion but mostly because of their greed. But if it reaches the point when your greed is highly uncontrollable, that will only lead you into possible losses than to reap your future profits. That’s the reason why we should always stick to our target goals, and not be carried away by greed. After all, when you decide to sell at a good price, you are already making profits. So just buy back again when the price drops sharply so you can enter the market at its perfect timing.

Exactly!

Exceeding your price target will disrupt your will to and instead you will try to hodl more waiting for the price to grow without knowing and how dangerous it is waiting without considering the possibility of it going down. That's the danger of being greedy you will expect more instead of getting that desired profit which is more than what you gain when the the price would suddenly drop.

I hope everyone don't make the same mistake as what the OP did and I know some of them already did made a mistake but it's about time they have to correct it once they meet again with their price target.