Quote from: peter0425 on March 18, 2025, 06:52:17 AM

Quote from: The Cryptovator on March 17, 2025, 09:14:27 PM

So the gap between the top price and the current price is a lot. That has driven me to think we should have a goal and sell when we reach our target. If I were sold in a top or near-top, then I could buy it again at a cheaper price. Also, I would have a handsome amount in profit. What do you think?

You registered in this forum in 2018 so I would assume that you have been learning about crypto since then or maybe even earlier. When did you realize this? This is something we all should know by now. Only a beginner would not know to buy during bearish cycle and take profit during the bullish one.

Inexperienced newcomers would get swayed by FOMO and start buying when bitcoin is high and start selling when bitcoin is declining because of FUD. As crypto enthusiasts, I actually think that this logic is the simplest thing we should learn about and keep in mind to ensure a successful journey in crypto.

I believe that every investor has their goals and everyone knows this but there is a huge gap between saying and doing. It's easier said than done, and things get more complicated and difficult when it comes to controlling greed. That is why not many people made profit when bitcoin hit $100k even though that was our target, and most of us were not new to the market.
Another interesting thing is that we can easily give advice to others, but we are rarely successful in following through on our own plans Grin

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