The Bull And Its Imaginations | Losing Money Without Taking Profit

avatar

https://assets-global.website-files.com/634054c00f602044abb3060d/6542126dd0dca4562267d6b4_Next%20Crypto%20Bull%20Run.webp

image

I think the cycle is about to happen again and again, we all have been expecting the bull for a long while now and many have been trying/preparing by gathering tokens during the bear because that is actually the best time to get those coins when they already dumped, it was even one of the worse season I experience since i joined the crypto spaces because I get to see project rise and die completely while people get burnt greatly after jumping in due to fear of missing out. Those days were memories and due to the bull run we want to acquire as many profit as we want but things change when we starting seeing the profit in 2x, even 6-10x, we change out mind and start praying and hoping for more increase until we couldn't even take any profit.

A guy lamented how he happen to lose 80% of his portfolio all because he couldn't take profit and was hoping for more increase, he kept of saying it will bounce back it it stop bouncing, now he is a certified community bag holder yet the community is no where to be found, I have few of those coin in my wallet, no matter how I try to tap on it, it is just lifeless and there is no way to even sell the crumbs. The statement ( always take profit, your daddy isn't the developer) always ring in my ears everything I see profit or probably receive airdrops, I convert almost 70-80% to stable coin and leave the rest to either do wonders or turn to dusts.

Stablecoin are the best way to keep profits so far at least there are no volatility attached to it except if it depegged which is really rare, most crypto users always use this option especially when preparing for the next bear to come because it is a cycle, Bitcoin halving is on the way and I think that actually triggered this bull for now and things might turn way low when it is over till the next halving, it is advisable to take profit as much as you can, it can't keep increasing forever it will surely correct at one point or another, stay safe out there.



0
0
0.000
7 comments
avatar

The profit is yours only when you book and withdraw it.👍

0
0
0.000
avatar

I don’t know much about this bull thing and all but I know that sometimes my best friend is definitely stable coins 😂

0
0
0.000