Always believe and never sell your crypto, sell it only when you truly need the money!
Source:
Check out my previous posts on my crypto blog
- 3 Crypto Categories for a Balanced Portfolio to Reach the Moon - https://chesatochi.com/3-crypto-categories-balanced-portfolio/
- Crypto To Fiat Exchange Gateway With A Sexy ATM - https://chesatochi.com/crypto-fiat-atm-exchange-gateway/
- Crypto Passive Income Series - Kucoin Shares - https://chesatochi.com/crypto-passive-income-series-kucoin-shares/
- The Ultimate Swap Exchanges Guide for Choosing the Right One - https://chesatochi.com/ultimate-crypto-swap-exchanges-guide/
- 5 Crypto Monitoring Sites to Stay on TOP of This Space - https://chesatochi.com/5-crypto-monitoring-sites/
- The Crypto Space Face a Tsunami and Attack From Every Angle - https://chesatochi.com/crypto-space-face-a-tsunami/
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You don't think people should skim off some of their profits into fiat to ensure that they don't ride it all the way up and all the way down?
I worked for a company during the dot com boom. Our stock went from $2.00 to $204 in less than a year. I took a big chunk of profits along the way. Many of my co-workers believed the hype and rode it all the way up, and all the way back down to pennies per share, sure the stock would eventually turn and make them all multi-millionaires.
Knowing when to sell is really hard.
You have a good point, you need at some point diversify and make sure to have liquid money available in case of a market crash!
Yeah I'm struggling with taking some profits. Buying a different crypto doesn't really lock in profits. All the big coins move together. Anyone use USDT? Hard to go back to dollars without creating traceable transactions
I do not trust USDT, it is only mimic the US dollar. Maybe you can buy silver or gold coins with your crypto.
Until you need just HODL because the train of Crypto trend just arrived and journey just began so enjoy the ride. Thanks for sharing. 🙂
I enjoy the ride every day ;)
Ha ha, nice to hear that. 🙂