💡 When to sell your cryptocurrencies? 🤔
The answer to this question varies from person to person and from project to project. However, there are some points that can help you make the right decision:
1️⃣ Long-term projects:
There are projects like Bitcoin and Ethereum, which are considered the basics of the cryptocurrency world. These projects are often suitable for long-term investment due to their relative stability and increasing value over the long term. If you believe in their future, holding them for the long term may be the best option.
2️⃣ Full-cycle projects:
Some projects, such as layer-ones or those that offer direct solutions using blockchain technology, have a clear life cycle. When you see that the project has reached its peak or delivered on its promises, it may be time to sell and reevaluate your investment.
3️⃣ It depends on your personal goal:
Every investor has his own ambition:
• Some people aim to achieve 1X or 2X and sell as soon as they achieve their goal.
• Others prefer small, stable profits.
Important: Don't pressure yourself to meet other people's goals.
4️⃣ Don't fall in love with the currency! ❤️❌
One of the biggest mistakes investors make is getting emotionally attached to a currency. Cryptocurrency is nothing more than a means to make a profit. If you feel the time is right to sell, do so without hesitation. Attachment can blind you to danger signals.
📌 My personal opinion:
Always think like an investor, not a fan. If you’ve made the profit you were looking for or the currency has reached new highs, don’t hesitate to sell. Most importantly, don’t risk everything waiting for the “big rally” that may not happen.
🎯 Advice: Plan based on your goals and strategy only, not on the feelings or opinions of others. Make your decisions based on analysis, not emotion. ✅
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