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Why I'm going to start taking profit (and you should too)

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by COINS NEWS 175 Views

+205%

That's how much my portfolio had gained at one point last year.

Life was really looking up. I had hit my goal for crypto gains for the year and I considered taking some profits.

"Maybe just my initial investment," I thought to myself.

But no, I'm a HODLer. I believe in the tech long term. I believe that the coins I'm invested in, will in 5-10 years time form the foundations of decentralised AI, finance and web3.0 infrastructure.

"I'm likely to see a bear market or dip soon" but who cares?

The short-term dips won't matter in 5 years time!

"These kinds of gains take years in the stock market, and I've seen them in less than a year". I was naive, waking up to my portfolio at higher highs every morning.

-8%

That's my portfolio today.

All those unrealised gains, lost. Everything that was once beautiful flourishing green, is red like the blood of a slaughtered goat.

I considered selling some of my gains at the top, but I was too greedy. I wanted more. Had I taken some profits, I would've had the opportunity to buy in at much lower prices.

What am I going to do?

I'm still HODLing. But I've decided during the next bull run, I will take profit (nothing massive, the initial investment or less) and hold those funds in wait for a significant dip. The dips do come and will come and I think it really benefits your mental health to be able to take some amount of profit.

submitted by /u/rdood2
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