Making Money with Shitcoins. Guilty!
I Borrowed a Meme from @AnaHilarski for This Post.
Over the last few days I watched in amazement as one of my largest Holdings (HOT) Holochain was flying. Since it is one of the few cryptocurrencies performing well at this time, people seem to be FOMO'ing big. So today I unloaded my Holochain and enjoyed some nice profits for a change. You see it is still possible to profit from shitcoins.
My Plan is to Buy Back Holochain After the FOMO dissipates.
One of the biggest mistakes people make is not taking profits. Sure, I could continue holding my Holochain tokens and hope for a 10X but why should I take the risk? In this market a 3X is flipping amazing. In a bull market I would hold a portion of my coins just in case the price never retraces, but in a bear market I believe we will see a fat retrace. I could be wrong but at least I took my profits.
The difference between 'doing business', and the hopefully delusional.
It amazes me that people do not have this mindset.
I'm not a trader in the slightest - but I have had businesses.
Take profit when the opportunity arises....
As someone once said, much wiser than myself....
" ....if good fortune comes a knockin' and you don't answer the door - eventually she'll stop knocking, thinking you don't want a gift."
I have been delusional in the past. Now that I am a salty crypto veteran I am way less emotional with my decisions.
no one ever went broke by taking profits
Holo has some great events lined up
Right on Randy. I think it shows a mature trader when you're able to take profits. I, for one, unloaded Holo long before the run :)