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Set your sell limits NOW

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by COINS NEWS 39 Views

If you are “investing” in crypto with a goal in mind (amount you need for house, other investment, debt relief, etc) spending the time NOW to do the math, and set yr Sells up NOW.

I’ve been through multiple bull runs, and every time the greed + excitement has gotten me to hodl just a “little bit longer” when the numbers hit what I was looking for, so I didn’t sell, then things crashed, resulting in LESS profit overall. This is embarrassing - I’m not ‘bragging’ about making the same mistake multiple times - but hopefully someone can learn and profit off my bumbles.

Good luck all.

EDIT: Some of y’all really need reading comprehension skills. I am not saying sell NOW, I’m saying set up a goal for WHEN to sell (whether it is amount or date)and think about WHY you would sell. I’ve held BTC for about 10 years and ETH since low double-digits, but thanks to all who’ve criticized my paper-hands and lack of understanding. I haven’t posted here in a long time and you’ve reminded me why. And for those who will never sell - if you just want to “collect” stuff, comics and coins are cheaper. For those who want to enjoy life and DO something with yr gainz, start getting used to the fact that you’ll eventually have to sell. if you don’t, you’ve got jack shit but an intangible binary claim.

Have fun, enjoy the ride, and don’t risk more than you can stand to lose. Much love.

submitted by /u/UWphoto
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