Binance Square
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Doctor Maryam
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It's tough to accept losses when investing or trading. I often see people on Binance Square saying things like, "Keep holding onto this crypto! It'll go back up!" Especially with coins like $SHIB and $FLOKI that have done well lately. But here's the truth: Don't listen to those who say to hold. They probably don't know much. They're just trying to make themselves feel better because they invested too late and lost money. They got caught up in the hype. Thinking "If I don't sell, I haven't lost" is wrong. If you know an investment is bad and will keep losing value, don't hold onto it just because you're already losing. There are better opportunities out there. Imagine you have a property making 10% a year, but someone offers you another making 30% a year. Would you say no just because you're still losing on the first one? That doesn't make sense. So, accept your mistake and move on. If you think a crypto won't grow or will lose value soon, sell it. You'll likely make more money in the long run. This is just my opinion. Thanks for reading. Feel free to like, comment, share, or tip me if you found this helpful.$BTC

It's tough to accept losses when investing or trading. I often see people on Binance Square saying things like, "Keep holding onto this crypto! It'll go back up!" Especially with coins like $SHIB and $FLOKI that have done well lately.

But here's the truth: Don't listen to those who say to hold. They probably don't know much. They're just trying to make themselves feel better because they invested too late and lost money. They got caught up in the hype.

Thinking "If I don't sell, I haven't lost" is wrong. If you know an investment is bad and will keep losing value, don't hold onto it just because you're already losing. There are better opportunities out there.

Imagine you have a property making 10% a year, but someone offers you another making 30% a year. Would you say no just because you're still losing on the first one? That doesn't make sense.

So, accept your mistake and move on. If you think a crypto won't grow or will lose value soon, sell it. You'll likely make more money in the long run.

This is just my opinion. Thanks for reading. Feel free to like, comment, share, or tip me if you found this helpful.$BTC

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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Not sure what to buy? 👉 Here are six alternative coins you should consider having at least two of in your investment list before the bull market from 2024 to 2025 starts: 1⃣ . XRP ( #Ripple ): XRP is a digital currency made by Ripple Labs. It's used for quick and cheap international money transfers without the risk of chargebacks. 2⃣ . BNB ( #binancecoin ): BNB is the main cryptocurrency of Binance exchange, one of the biggest crypto exchanges globally. It's used for things like getting discounts on trading fees, joining token sales on Binance Launchpad, and paying for services. 3⃣ . Dogecoin ( #DOGE ): Dogecoin began as a joke but now it's a popular cryptocurrency. It's loved for its supportive community, low fees, and fast transactions. People often use it for tips and donations. 4⃣ . Ada (Cardano): Ada is the main cryptocurrency of the Cardano blockchain platform. Cardano aims to make a safe and scalable environment for decentralized apps and smart contracts. Ada is used for transactions and voting in the network. 5⃣ . FET ( #Fetch.ai ): FET is the main cryptocurrency of Fetch.ai, which wants to make a decentralized network for self-governing economic agents. These agents can do tasks like collecting data and predictions. FET is used for payments in Fetch.ai. 6⃣ . AGIX ( #SingularityNET ): AGIX is the main token of SingularityNET, which wants to make a decentralized market for AI services. AGIX is used for transactions and to encourage AI developers to share their algorithms and services.
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