We Have Had Insane Weeks In Crypto World, Are You Taking A Bit Of Profit Off The Table?

in cryptocurrency •  7 years ago 

A market cap of $620,000,000,000+ is not something I expected to see in 2017. But here we are…

Questions that most of us have are ‘How long will this race keep on going?’, ‘When and how much profits should I take?’ and ‘What should I do when there is a big correction?’.

We’re often afraid to miss the opportunity, afraid to sell too early.

Personally, I do take some profits off the table once in awhile. Because of that, I sold some coins for much lower than they are today. But I have no regrets.

I see taking profits as preparing for when the next opportunity comes by

Cheers!


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Disclaimer: I am not a financial advisor, trader or developer. I am just a blockchain & cryptocurrencies enthusiast. Make sure you do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.

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Another valuable lesson learned today!

Note to myself: Take some profits off the table for when another opportunity comes by!

Thank you @cryptotem!

Definitely a good idea! Good luck :-D

its astonishing how large the crypto market cap has propelled especially these few weeks and yet i keep hearing its a bubble.

I know. There is no clear one-size-fits-all definition of a bubble. It is vague and describes something that is 'overvalued' in the eyes of most people, especially the status quo. I guess, paper money, stocks, bonds, gold, silver, paintings all are a bubble then...

good post, umbrella that symbol of steem.
@crytotem

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