Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
In this blog, I will share about profit booking and the importance of money floating for any crypto investor in this world. For that, I am going to take my personal example of Hedera (HBAR) token, which I recently sold at a 500% profit. Below is the chart for the entire lifecycle of HBAR.
One can see that HBAR can still go 2X from here as it is one of the hottest and best projects where even Google is interested, but still, I decided to sell this token, and there were two reasons for that.
I wanted to book my profit.
While I see this coin going 2X as one of the possibilities, I also think there are other projects that might have a better chance of reaching 2X from their current price. That is why I invested this money in them, and this is what we call floating the money.
Below is the token in which I have invested my money.
ETHFI's all-time high was close to $8, and this token was launched last year. In December, this token reached $3, so if it can cross it again, I will be at a 1000% profit on HBAR.
This is something I see happening easily, as ETHFI has touched that mark a few times already, and the alt season has still not arrived, where we can see the unstoppable performance of this token.
So if you learn to book profit and float money, you will eventually end up making more profits. Set your targets and then decide what you want from your investment.
Thank you!