Post
Topic
Board Economics
Re: #HODLing is not a smooth journey
by
NeilLostBitCoin
on 15/12/2023, 15:53:56 UTC
snip

It has been a bumpy journey. I greatly admire those who possess the discipline to hold onto their cryptocurrency even when the price is at its peak. Personally, I find it challenging to resist the urge to convert all my coins to stablecoins as soon as I see a small profit. However, this year, I aim to have the patience to hold onto some promising project coins, such as BTC, ETH, and SOL, and resist the temptation to convert them at a small profit. My goal is to wait until a coin reaches a new all-time high before selling it.
You are completely right, the temptation is always highest with altcoins to be honest, most especially, altcoins that aren't well established like ETH, SOL and other big names, for me personally, I usually start getting the feeling like, what if the team dumps their bag right now and every thing comes crashing again? 😀
Such thought is always the number one reason I sometimes end up selling a potential gem way too early, and at the end of the day, end up in regrets even though I possibly must have made a good profit, profit is never enough afterall  Grin.

But then, the coming bull run is speculated to be the highest and possibly the last, we have the opportunity again to make generational wealth in the coming year stroke 2025, those who don't know how to hold and wanna make money must learn how to, and must also learn to keep holding even at the top, as long as the bull run is not over.
What I did advice is, we all should have a realistic price target to sell, and ones that target is reached, sell and careless what the market does after then.

My current issue revolves around deciding when to sell my cryptocurrency. Even if I have already made a profit at a certain price, I struggle with knowing the right time to sell. Often, I end up regretting selling at a particular price, as the coin's value reaches a new all-time high. I know I should be realistic and not regret selling, but I always find myself checking the token's price repeatedly, leading to more regret. I hope that during the next bull run, I will not regret selling my coins.