Getting carried away when there is bull run or when you are making good money from any cryptocurrency project is very popular with every body. You might thinks it is easy but when the time comes you will be surprised that you will not want to take the profit unless it hit a good percentage that we truly wanted. We all knows that there is an inbuilt greed mentality growing up with everyone of us that are into cryptocurrency ecosystem. Now to show that we all have the greed mentality, do you knows that when it is time for bear market or bear season, since we are all loosing money you will see us swearing or saying that once we got opportunities to sell our token in a good market again we won't for any reason hesitate. Same people that say such word do you knows that when the opportunity present itself again, you will see the greed mentality now coming up. If you wanted to sell for a dollar you will now see us saying that we will love to sell it for $2, $5 and co. By so doing you will see us getting caught up yet again when the bear market hits.
Whatsoever thing that you are doing you should knows that once it involves cryptocurrency you have to be able to make sure that you are good in making decisions very fast. If you are not good in this aspect you should be prepared to experience the bad, worse and good aspect of what the cryptocurrency market has to offer for you. Funny enough, do you knows that whatsoever decisions that you make when it comes to your cryptocurrency journey you should knows that you will be the one to account for it irrespective of the outcome from that your decisions. Since you are the one that will be held accountable for anything that will happened to your cryptocurrency decision, I see no reason why you should panic, you should not be afraid to make decisions at all when such opportunities present itself. If you can conquer this you will be able to do well in the cryptocurrency ecosystem.
We all knows that making decisions when it comes to your cryptocurrency journey is good but before doing that, you should make sure that when you see a project that you are holding it token or coin doing well, don't just do blind sale. By blind sale I mean the ability of selling your cryptocurrency coin without making research why there is positive rise in that coin or token. It is good you make research as it will save you from making bad decisions. I have experienced something like this. I was holding a good project coin, it rises to an unexpected height, I rushed to sell why my friend was telling me to make research about the rise to see if it is coming from a positive angle before I sell but I never listened. I thought it is an opportunity to sell and use the money to sort some pressing issues. Painfully enough, do you knows that two weeks after the sales the cryptocurrency token that I sold rises more than 1000%. I nearly run mad, for over six (6) months I was still feeling the pain. It takes a lot of determination to forget about the moment. Although I must have forgotten about it to some extent but I have not completely forgotten about it.
From my story above I believe anybody that comes across this post will learn something. I know it is good to take profit because the next thing that might happen to that cryptocurrency token or coin that you are holding might be surprising to you. I have seen token or coin dropped from $100 to $0.0001. It happened in a twinkle of eye to the extent we were blown away by how it happened. Up till this day I am still surprised by the outcome of how it happened on that day. Cryptocurrency is filled with surprising moment, but in a nutshell taking profit is very vital but before doing so you should learn to make sure that you should make research about the rise before taking that profit. Make research about what is causing the pump, it might be a great project investing in that cryptocurrency project.
I will end the post here, hope you love it.
Post shared from my hive blog feed
https://peakd.com/hive-167922/@tfame3865/always-take-profit-when-the-opportunity-present-itself
77.287 SRY