I am writing this as the STEEM price is rocketing up & up, currently at $2.78. I was fortunate and bought some a lot cheaper. One of my better buys, for sure.
But, as with any of this it seems, its a double-edged sword. Do I realize the profits now? Or do I stick it out and wait for the full potential of this project to manifest?
Its a difficult problem. I mean the whole reason I got into crypto was that I believed in the technology and the vision. It didn't hurt that I bought and then, like it was fated, watched the Bitcoin price rise. I remember thinking I should have got into this investing thing a lot sooner.
But, now, as back then, I really don't want to sell my coins. HODL! as the common meme goes. Its a crazy position to be in. I don't have a lot of money in the fiat world, but I just have this gut instinct that we have seen nothing yet when it comes to crypto - we are still way early to the party.
But, if I sold, I could continue this tech investing hobby of mine, where I get to play anonymous angel investor to a lot of projects vying to beat the rest to dominant roles in the coming digital economic world order. I could parlay any realized profits to bigger, smarter buys. And hopefully more Bitcoin to up the ante even further.
Or, I can wait it out, watch the price swing wildly and go to sleep hoping for the best when I check the CoinCap app upon tomorrow morning.
Decisions, decisions.
Remember the pizza guy in Bitcoin . HODL .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well if you really need the money, I would sell. But, If you have time to see where the market goes, then I would just STODL. (see what I did there:) lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah I'm broke as fuck (ok not that broke but still pretty broke) and everything I've made has gone back into steem power... Just saying.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit