With $HMSTR currently sitting at 0.004667, down 6.93%, I can’t help but notice how often people seem to get caught up in the hype. Every minor price jump is touted as the beginning of a “bull run,” with many claiming HMSTR is on the verge of skyrocketing. But if you zoom out and consider the bigger picture, it’s clear the coin has taken a significant hit. It’s being influenced by a handful of large investors, manipulating the price. Sure, it may reach $0.005 from time to time, but what about the traders who bought in at a higher price? The future doesn't look so promising for them.
As a trader, one of the biggest mistakes you can make is stubbornly holding on to a bad investment. Having conviction in your trades is essential, but it must be grounded in rational thinking. Otherwise, it’s no different from gambling. Right now, there’s a strong case for selling. Often, whales will inflate the price just enough to lure people into buying at a high, only to sell off soon after, making a profit while others face losses.
I might be wrong, and HMSTR could eventually recover. But by that time, would you still be holding on, waiting for that elusive payday? Personally, I’d rather take a small loss early and walk away with my profits from a different opportunity. It’s frustrating to watch people lose money, so I felt compelled to share my perspective.
