One of his quotations is If you would not hold stocks for 10 years, do not buy! As he said, he keeps the principle of long term investment. However, sometimes he breaks the principle. Why?
He said When fundamental of companies is decreased or management behaves morale hazard, I definitely sell.
When I read this sentence, STEEM came up to me. Even though I read STEEM White paper & Blue paper and invested STEEM so far, recenlty, I've been doughtful of the fundamental of STEEM.
Because, there had been the reliability issues of the previous CEO of Ned Scott and STEEM Blockchain witnesses. I think they made the fundmental of STEEM decrease.
Fortunately, the official version of JustSwap which is a token exchange and De-Fi platform was launched about 1 week ago. If there was no JustSwap, I would not evaluate the fundmental of STEEM is high, and set more less target sell price.
There is a quotation, Do not fall in love with a specific stock. I think we can apply the quotation for cryptocurremcies as well. It's likely good to learn the position selling stocks and cryptocurrencies, when their fundamentals are decreased.
You make a very good point with:
"Do not fall in love with a specific stock."
If the situation changes, we have to change with it.
Great post @joeypark.
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Thank you 😊 I'm trying to do like this.
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