I understand the hodl sentiment, however I find without defining how I will take profit and at what price point I act emotionally.
For example, if I'ved waited 12 long months for a coin to x2. It's easy to think, "phew let me unload my bag for a profit." Rather than thinking where the coin can go from this point.
Equally, if a coin goes x10 in a few days. It's easy to think that it will hit the moon in a year or so. When in reality most of the time it spikes then retraces for a prolonged period. And I'm left kicking myself that I didn't take some profit on the way up. After a long year's decline... I see a x2 profit and cash out early.
For me having a simple saving plan helps me stay focused on the fundamentals and bigger crypto picture... but yes everyone needs to find the most effective method for themselves!!
that sounds so familiar it hurts :))