01-13-2021, 07:01 PM
Try to avoid "Hodler's bias" - It's helpful to look at every coin in your portfolio
<!-- SC_OFF --><div class="md"><p>For exanple: Your Moons are currently worth $100. If someone gave you $100 to invest in any cryptocurrency you want, would you buy $100 of Moons? If not, why are you still holding them?</p> <p>It's easy to hold onto a coin simply because we already have it, but it's not a rational investment decision. </p> <p>This is especially true of coins that have lost value. I held onto my (I'll be kind and call them "low market cap alt coins"
for too long simply because I wanted to break even. Don't be afraid to take a loss and move that money into a more promising investment.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ManyArtichoke"> /u/ManyArtichoke </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kwite8/try_to_avoid_hodlers_bias_its_helpful_to_look_at/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kwite8/try_to_avoid_hodlers_bias_its_helpful_to_look_at/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>For exanple: Your Moons are currently worth $100. If someone gave you $100 to invest in any cryptocurrency you want, would you buy $100 of Moons? If not, why are you still holding them?</p> <p>It's easy to hold onto a coin simply because we already have it, but it's not a rational investment decision. </p> <p>This is especially true of coins that have lost value. I held onto my (I'll be kind and call them "low market cap alt coins"
for too long simply because I wanted to break even. Don't be afraid to take a loss and move that money into a more promising investment.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ManyArtichoke"> /u/ManyArtichoke </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kwite8/try_to_avoid_hodlers_bias_its_helpful_to_look_at/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kwite8/try_to_avoid_hodlers_bias_its_helpful_to_look_at/">[comments]</a></span>Kind Regards R