This it’s your lucky day! Sell IT!
Doesn’t happen often, but sometime, the bubble act this way, return to pick highs, and drop for very long time.
What is hard to find out with a bubble... well first, it can happen numerous time on same instrument (bitcoin in this case).
So..since , it can happen again and again, and price “could” go higher every time… isn’t better to just keep it for long term? Well…this it’s what most investors think and do. They keep forever and never enjoy. As a trader…we don’t care what I’m buying (…as far it moves), we care about take “PROFITS”.
I’m in right now, taking some profits, but out when it’s time to be out.
This it’s another Bubble on Bitcoin… what’s wrong to keep it?...look it went from ~500dollars to 3 000$!
Well…. During one bubble to another , you are loosing something , what you can’t get back.
YOUR TIME! …. And your Stress level increase as you keep it …and see price value go low. Where most people sell at the end…and… then the price JUMP! So you get regrets….and you may probably buy again…after what price drops…and you say; << NEVER AGAIN IN MY LIFE>>.
The sad part of this story… it’s totally true. Why do you hear only good things about “I bought at… 10$ and get rich!” ? probably he did…he was an idiots in fact, to keep something what went from 10$ to 500$ keep it…and see price drops, and wait few years. He had no clue of what he was doing.
But..for many others… due to loss of money and stress… they get “sick mentally and physically” , “divorce” , “start to drink/others drugs” … and…you never hear about them, why? What kind of people like to talk about they mistakes?
Thank's for sharing , Upvote and Comments :)
Cheers
KV