When should we "UNHODL"?

in bitcoin •  7 years ago 

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He makes a good point, we are taught to hold and not when to not to hodl.

I watched my Masternodes lose over 500% in less than a month, I was hodling and hoping now am left with very heavy bags.

We need to know when to let go and move on.

What do you say guys?

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When it stresses you out too much by hodling

You suggest taking a break from watching the markets?

Definitely, it's easy to be obsessed and constantly watching the price, which will give you a lot of stress. That isn't healthy at all, unless you're daytrading and need to do that.

at times like these, its best to hodl... the time to sell was like in december or earlier when btc was around 18-20k. the only thing we can do now is to buy the dip and sell the highs. always sell the highs and collect some profits, so that you can either re-enter the market or just collect profits.

Makes sense, the market would have been at a better place if Mt Gox liquidators didn't drown it with excess coins. "Better" is relative though