"Time In The Market Is Better Than Timing The Market" : It's The Altcoin Season Again

I am excited about my altcoin investments to come into profit soon and I have all the time in the world (or maybe not) to wait for that joyous profitable event to happen.

Certainly I will not sell for a loss because I would violate the first rule of traders which is not to sell for a loss even though in trades there is a mechanism that is called a "Stop Loss limit" where your trade will sell in a price point just to prevent a further loss hence the name of that mechanism "Stop-Loss limit."

I had a few cryptos that I bought while they are cheap, the problem was that I thought that it was the bottom price. Little that do I know that the price Bitcoin-wise will go down further. So now it had become an investment which I am now waiting to get into the prices that I wanted and then take the profits out.

I know that it will soon get into those prices and indeed it will take time so I have no choice but to wait. I really do not like to take trades or move my coins since whenever I do I just lose value and money and even up to now I am still learning.

These crypto prices also messes with our emotions because when their prices go down we feel fear and if they go up we just feel cheerful and hope that they will continue to go higher believing that it was the moment that we are waiting for only to witness that they will go down again at some point and then the cycle continues.

That is why often we just have to "Hodl" and really just wait and wait since bitcoin is predicted to go up in value to a far more price that we can ever dream of.

A famous financial entity once said that "Time In The Market Is Better Than Timing The Market" because you can never time the market, you do not know if it was the top in the prices nor the bottom. Like for example in cryptos, it is a news-driven market and the sentiment of the people dictates the price which makes the fundamentals to be thrown out in the window most of the time for a certain coin.

So what is better? For me is to just trade a bot with your spare money but have bitcoin in particular held and stored and wait until it gets more valuable in the medium to long-term time as trading will just wreck "REKT" you if you are not careful. But holding Bitcoin is the best thing that you can do, buy whenever you can and watch it grow in value because for certain it will, we just need more time.

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