I see that new people in cryptocurrencies do not realize that it is much harder to sell a coin than to buy it when its price falls. When you make a good profit, FOMO is stronger than ever, the adrenaline rushes you, you finally made some money and you waited. Youβve gone through that FOMO but the price is still rising and FOMO is getting stronger and stronger. You don't know if you will regret it in the morning if you sell or if you will be happy that you sold on time. Greed grows unconsciously.
The should've, could've, would`ve mentality is the worst thing if you are in crypto.
We are all smart when that moment passes. Then we all know what we could or should have done. Just stop doing that, that kind of a mentality is not healthy and if you keep stressing yourself about your actions in the past then maybe crypto is not for you. We are here to make gains, and to learn from mistakes.
The point of my story is, please don't be greedy. FOMO is strongest when you are planning to sell, and if you have made a great profit then please sell at least as much as you have invested, just to be safe that you won't lose any money. There will be more dips, there will be new ATHs, there will be new coins, nowadays coins will go up and down and UP. Take it easy, you are not doing anything bad if you sell for a good profit, that's why you entered this world mostly.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments