Don't be a coinaddict

in #crypto8 years ago

I see it all over the forums, the channels and the comments. People are starting to get the ITCH.
Everywhere you go .. BAGHOLDERS..are crying about their favorite star going down.
Slowly dying is uttered repeatedly with guttural cries of:
"SHOULD I SELL?!"

The answer: YES!
or wait.
NO!.
hmm.

Gotcha! You know I never give advice, you're a grown ass adult and you can make a decision for yourself: sell or buy. But here's a little something to mull over while you fondle that sell button.

images8.jpg

We were, in the last months, very luck. A BTC bull run like never seen before followed by the most unexpected and crazy ALTS run up. Everything was pumping and every day gains were not the exception, not even the norm..it became the expectation.
Is cool when this happens. Never experienced it before and the high of waking up and seeing that your favorite coin or coins are going up like there's no tomorrow is a great feeling, one that is like certainly like no other ( maybe a nice steemit payout? ). But when you spit on your screen, click the Bittrex tab and buy the coin that was most closely hit by your spit and then next day you made 20% on that coin..man, something is not ok!

What comes up must come down and when EVERYTHING goes up, it's peak irrationality. Closely followed by PEAK PANIC.
Buyers beaware.
I guess is too late for that but what I'm saying is this:

If you got some coins you trust because the project looked good, the team looked solid, someone was building somthing that congrats, you might have a good reason not to sell. Because, everything valuable take time to build. It is known...

I guess the moral of this story is don't spit on your screen.
and
DO
YOUR DAMN RESEARCH!

Sort:  

Sorry! Already a coin junkie here :(((

However I only have profits :)))))

este prima data cand te descoper si vad ce te pricepi la explicatii pentru piata cripto multumesc .Have a good day

Instant gratification is always bad, no matter where you get it from. And it's especially bad if you get it from crypto

It seldom makes sense to sell when something shits the bed, at that point you might as well hold on to it.

The problem is that nowadays we don't have any patience. Everybody wants to get rich and wants it NOW. Well, it's not that easy. HODL through the bad times and you will be happy in the end.

You are right and this is an excellent post to remind others to be careful. Many people are buying a storm of coins and not having an exit strategy. Just hoping everything will always go up. Remember you want to be able to get some of the coins back in cash. Otherwise... for now.. it is all just numbers on a computer..

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