See original
BullishBanter
--
URGENT ALERT EVERYONE
🛑 IT’S TIME TO FACE REALITY AND CUT YOUR LOSSES
In the world of investing and trading, one of the hardest things to do is to acknowledge your losses. On Binance Square, I often come across posts urging people to "Hold on! This crypto will rebound! Just wait, it’ll rise again!"—especially regarding popular tokens like $SHIB and $FLOKI ...
Though some may not agree with me, it's essential to hear this truth: stop listening to those who tell you to hold indefinitely—they don’t have any more insight than you do. These voices often belong to individuals trying to convince themselves that their investments aren’t a lost cause, having bought into these cryptos during hype-driven rallies and are now facing the consequences.
The belief that "If I haven’t sold, I haven’t lost" is a dangerous misconception. If you recognize that one of your investments is failing and likely to continue declining, it’s unwise to hold onto it just because it’s currently at a loss. The market is full of new opportunities, and holding onto a sinking asset can cause you to miss out on more promising ones.
Consider this analogy: If you own a property yielding 10% annually, but are offered another property with a 30% return, would you turn down the new opportunity simply because your current investment is underperforming? Holding onto a poor investment out of stubbornness is both unproductive and a missed opportunity for greater gains. Acknowledge your mistake, learn from it, and move forward.This post reflects my personal opinion.
Thank you for taking the time to read. If you found this advice helpful, please like, comment, and share this post. Your support means a lot, and it helps me continue to educate others about the crypto market. Tips are also appreciated as they help sustain these efforts. Many thanks to those who contribute.
#BinanceBlockchainWeek #LowestCPI2021 #CryptoMarketMoves #PowellAtJacksonHole #BlackRockETHOptions
🛑 IT’S TIME TO FACE REALITY AND CUT YOUR LOSSES
In the world of investing and trading, one of the hardest things to do is to acknowledge your losses. On Binance Square, I often come across posts urging people to "Hold on! This crypto will rebound! Just wait, it’ll rise again!"—especially regarding popular tokens like $SHIB and $FLOKI ...
Though some may not agree with me, it's essential to hear this truth: stop listening to those who tell you to hold indefinitely—they don’t have any more insight than you do. These voices often belong to individuals trying to convince themselves that their investments aren’t a lost cause, having bought into these cryptos during hype-driven rallies and are now facing the consequences.
The belief that "If I haven’t sold, I haven’t lost" is a dangerous misconception. If you recognize that one of your investments is failing and likely to continue declining, it’s unwise to hold onto it just because it’s currently at a loss. The market is full of new opportunities, and holding onto a sinking asset can cause you to miss out on more promising ones.
Consider this analogy: If you own a property yielding 10% annually, but are offered another property with a 30% return, would you turn down the new opportunity simply because your current investment is underperforming? Holding onto a poor investment out of stubbornness is both unproductive and a missed opportunity for greater gains. Acknowledge your mistake, learn from it, and move forward.This post reflects my personal opinion.
Thank you for taking the time to read. If you found this advice helpful, please like, comment, and share this post. Your support means a lot, and it helps me continue to educate others about the crypto market. Tips are also appreciated as they help sustain these efforts. Many thanks to those who contribute.
#BinanceBlockchainWeek #LowestCPI2021 #CryptoMarketMoves #PowellAtJacksonHole #BlackRockETHOptions
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0