I am a perpetual bag holder. That is probably my biggest flaw. Either that or when I do cut and run it ends up being a huge mistake down the road. Live and learn I guess.
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
I am a perpetual bag holder. That is probably my biggest flaw. Either that or when I do cut and run it ends up being a huge mistake down the road. Live and learn I guess.
Posted Using LeoFinance Beta
I can't say this enough, had I not been so loyal over the past 5 years (in part to Hive - the coin - but also others) to those coins to which I though I owed them something or though I had to stick during the bad times well, I think I would be a lot more accommodated right now. Can't tell you how many times I had diamond hands during the bulls, and then out of necessity had to sell during the bears. Live and learn, definitely.
Of course, if you really knew when to sell that it would be easy to get rich. I think the best you can do is not panic sell during a bear market. Being forced to sell out of necessity in those circumstances sucks. My strategy with crypto is to buy modestly when I can, earn when I can, and hold until it makes me rich or provides enough passive income that a day job is optional. Maybe that will never happen but I know it won't happen if I sell before it happens.
Diamond hands is actually one of the hardest , yet most useful skills we can have and yeah, force-sell sucks ass, but it is better to have it and sell it than not having it, I guess.