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If a coin is up over 100% in a matter of days, don't be discouraged from profit-taking by faceless internet profiles pushing the 'HODL' mindset

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by COINS NEWS 181 Views

It's quite irritating that this HODL crap is pushed even in scenarios like this - where a coin is touted as the next best thing and somehow guaranteed to continue increasing in value even though it has already increased by such a large amount in such a short timeframe.

Such impetus is hard to maintain even for the larger coins and consolidation usually doesn't begin until a significant drop from the run's highs has occurred. As such, it's almost always in your best interests to confirm and bank those profits.

You owe none of these faceless profiles on sites like these any kind of backwards form of loyalty - most have no incentive to be honest to you and are likely to have taken profits while still pushing the 'HODL' mindset. You're in this for money, ultimately - so, if you're fearful/ wanting to take your money and run, do what makes you feel most comfortable.

submitted by /u/wists
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