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RE: Be wise and take some of your profit...

in Project HOPE2 years ago

Hi @qsyal

How have you been lately? Finally I've found some time to catch up with Steemit and read some of my previously bookmarked posts :) It is good to be back

Learning to take some profits is one of the wisest advices anyone can give you. But it's so hard to follow. When we see price of our assets growing fast, we all tend to feel some sort of greed. And often instead of selling with some profits - we end up waiting for price to go even higher. And more often than not - we're ending up losing that opportunity to take some profits and instead we're witnessing price pullbacks.

The bullish atmosphere is starting to return again, and those who were calling BTC "dead" are back hiding in their lairs

Truth be told, I do expect solid rallies during current bear market. And BTC going all the way to 30k usd (only to crash again heavily) would not surprise me at all at this stage.

I would not expect any long-term recovery as long as everyone's eyes are on inflation and FED. As long as they will continue fighting with inflation by destroying economies and financial markets (by increasing and then keeping interest rates on high level) I would consider any sort of BTC rally to be short-term lived.

Solid read. Upvoted already. Have a great monday ahead of you :)
Yours, Piotr

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