In the crypto world, the hardest part is selling! It's not the method that's difficult, but rather your reluctance to part with profits and that greedy desire to earn a little more.
However, those who haven't experienced the entire cycle of #bull markets and #bear markets won't understand this. Take a bull market for example: if your assets have risen to tens of millions, and then you wake up to find they've dropped to 7 million, would you sell? Newcomers definitely wouldn't sell; they'd feel they lost 3 million.
But those seasoned traders who have lost money would definitely sell, because they would feel they earned that 7 million, and the 3 million loss would just be considered as being taken back by the God of Wealth, as if they were offering a tribute to him.
Many people join various groups, and when the group is buzzing with excitement, they start to offload their assets; this indicator for selling is definitely accurate. When most people are making money and are excited, that's when you should withdraw.
However, don't rely on this indicator to buy the dip; the emotions of fear and disappointment are very hard to quantify. A drop of 10%, 20%, or even 50% feels pretty much the same.
So, in the #crypto trading world, the hardest part is selling, especially when you've already made a lot. You need to learn to overcome greed and understand when to take profits, so that you can survive in the crypto space for the long haul.
