Remember to take profit
To those who are enjoying my post I am really sorry for not meeting up to the target yesterday. I promised that I will be discussing on a very important topic but due to some challenges I was unable to do that. It was really a busy day for me but I am glad that I am back at this moment to share the little post I had. I will slip that post for some reason but I will discuss about it any time soon, maybe on my next post or as the spirit leads. For sure it is going to be an interesting engagement post/conversation. Keep expecting it, sooner or later I will drop it.
The fact still stands that we all here has reason for being here. I still stand to be corrected if I am wrong. I remembered when being ask back then what are we here for, the answer was for the tech. We should look into our heart and asked ourselves that if there is no reward here, are we sure we will be saying we are here for the tech? This question lingers through my heart as I am really concerned. Funny enough most of the people that says they are in for the tech are no where to be found. They stopped when they discovered another making system or when they sees it is getting difficult making money from this chain.
The above if properly examined shows that no matter what happened, money is important. The essence we all are here is for the money but we can't just put that first that is why as we are aiming for the money, we are also giving our best to the tech. With such mindset running through me it is very difficult to see me shouting that I am in for the money, but deep inside me I knows that money is very necessary for the goal of the technology to be attained. If we aren't making money here, it will be difficult for this blockchain to scale.
I got the motivation to write about this post from the rise in different cryptocurreny project that I keep seeing recently. I will use this avenue to sound this straight that we should not be carried away by the green we are seeing, always knows when to take profit. Don't go about waiting for your project to hit 2000% before you start talking profit. If you are that greedy type you might leave to tell the story. Now listen to this, let me give you this advice, cryptocurreny is currently in another realm unlike what we have been seeing before. It has gotten to the mainstream we wanted although we still needs it to keep hitting different level.
If you compare what you have now to what we have in 2017 you will see that the difference is big. Back then it was just like a ponzi system but because of it current exposure unlike that of 2017, we might find it hard to fall so badly. Even though if bear market hit's now, it will look like bull market as we won't be that affected. This is simply because of the height we have attained when it comes to cryptocurreny. Despite my advice that we won't hit bear market just like what happened in 2017, that doesn't mean you should not take profit when it is needed. Don't trust me nor the system, take profit when you needs it or when you feel is right to do so.
When it comes to cryptocurreny and your money you should knows that whatsoever decisions that you make is up to you, nobody will be held responsible for the decisions you make, so be wise to make decisions on your own. This is the more reason I am letting you knows that you should knows what to do with the market, take profit when you think is ideal. Always remember nobody knows the future of the market.
I am saying this because when the bear market of 2017 hits, I know what a lot of persons passed through, it was hell upon hell, I just wish such won't happened again.
Tfame3865
signed out
- If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks
Your advice @tfame3865 is very good, especially in terms of being aware of the investments we make, our portfolio must be as diversified as possible, taking advantage of the stability that this platform offers us to generate income to invest in others seems quite successful, that as long as we take the time to learn what our best options are, that is, learn as much as possible about cyptocurrencies.
Greetings bro!
Greetings friend i like 💗 your conclusion i quote "When it comes to cryptocurreny and your money you should knows that whatsoever decisions that you make is up to you, nobody will be held responsible for the decisions you make, so be wise to make decisions on your own." U are absolutely true.
Yeah, many people looks for people to blame when they fails, can you imagine?
Hi @tfame3865, the issue of buying and selling cryptocurrency is always going to be an uncertain future as it is difficult for people who are not prepared for trading to predict a good offer to buy and sell, however you have to stand firm in the decisions you make even if things do not go as you expected assume the consequences of your actions and do not look for guilty elsewhere. Regards
Yeah, that is why I always hinted that any decisions you making knows that you won't be holding any body accountable for it. Nice comment
Taking profit is so important because you might lose much value not doing so!
@tipu curate
Upvoted 👌 (Mana: 0/5) Get profit votes with @tipU :)
Hi @tfame3865
Interesting choice of topic buddy. Upvote on the way :)
I've learned it hard way to take profits and dollar cost average while purchasing crypto assets. It's definetly difficult to put a sell order when we see price of all tokens going up.
However, every single time when correction does take place - I'm always happy that I took some profits on the way. It's making trading less stressful and allows to buy some crypto while prices are "discounted".
Funny thing is that this is exactly what I thought about BTC in 2017. That it remind me of financial pyramid. Very sophisticated one.
And I surely have been reluctant to invest my first money and time. Glad I did :)
Cheers, Piotr