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At times like these when we begin to see a lot of euphoria in the sub, its important to remember to take profits.

At times like these when we begin to see a lot of euphoria in the sub, its important to remember to take profits.

All Cryptocurrencies

by COINS NEWS 15 Views

As BTC inches ever closer to breaking ATH's and alts start pumping again it's very easy to get caught up in the mass euphoria in this sub. It's at times like these where its the most important to evaluate your position, current finances and check if its worth withdrawing a portion of your portfolio.

The mentality for a lot of people around here is HODL no matter what, which to some extent I believe in, but there comes a point where its important to make sure you take a step back, look at your position and most importantly put yourself and your wellbeing first and take profits!

I was a newcomer to the space in 2017 and watched my portfolio go 15x over the course of 6 months. At the time my job wasn't paying particularly well and I used a pretty large portion of my savings to invest. When the markets started to crash in January I had every faith that my portfolio would rebound, but some coins never did and still haven't to this day.

However bad that seemed at the time, I was able to move past it and continue with my life, but there were many others here who lost everything, the suicide hotline number was even pinned to the top of this sub for a time, something everyone is quick to forget when the markets start pumping again.

This isn't me calling the top or pooping on everyone's parade as I'm just as excited for whats to come as the rest of you, but its more of a gentle reminder to keep a level head and take profits over the next few months.

Have credit card debt acruing high interest? Student debt? Mortgage? Bank Loan? Does your car need fixing? Want to buy that console you always wanted? Consider taking some profits and paying some money towards it.

Wishing all my fellow crypto bois and gals the best of luck with whats to come! Lets make sure this time round we learn from the past and keep each other from getting burned.

submitted by /u/Coinwerm
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