09-14-2021, 11:48 AM
If a coin is up over 100% in a matter of days, don't be discouraged from profit-taki
<!-- SC_OFF --><div class="md"><p>It's quite irritating that this HODL crap is pushed even in scenarios like this - where a coin is touted as the next best thing and somehow guaranteed to continue increasing in value even though it has already increased by such a large amount in such a short timeframe. </p> <p>Such impetus is hard to maintain even for the larger coins and consolidation usually doesn't begin until a significant drop from the run's highs has occurred. As such, it's almost always in your best interests to confirm and bank those profits.</p> <p>You owe none of these faceless profiles on sites like these any kind of backwards form of loyalty - most have no incentive to be honest to you and are likely to have taken profits while still pushing the 'HODL' mindset. You're in this for money, ultimately - so, if you're fearful/ wanting to take your money and run, do what makes you feel most comfortable.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wists"> /u/wists </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pndwke/if_a_coin_is_up_over_100_in_a_matter_of_days_dont/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pndwke/if_a_coin_is_up_over_100_in_a_matter_of_days_dont/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>It's quite irritating that this HODL crap is pushed even in scenarios like this - where a coin is touted as the next best thing and somehow guaranteed to continue increasing in value even though it has already increased by such a large amount in such a short timeframe. </p> <p>Such impetus is hard to maintain even for the larger coins and consolidation usually doesn't begin until a significant drop from the run's highs has occurred. As such, it's almost always in your best interests to confirm and bank those profits.</p> <p>You owe none of these faceless profiles on sites like these any kind of backwards form of loyalty - most have no incentive to be honest to you and are likely to have taken profits while still pushing the 'HODL' mindset. You're in this for money, ultimately - so, if you're fearful/ wanting to take your money and run, do what makes you feel most comfortable.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wists"> /u/wists </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pndwke/if_a_coin_is_up_over_100_in_a_matter_of_days_dont/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pndwke/if_a_coin_is_up_over_100_in_a_matter_of_days_dont/">[comments]</a></span>Kind Regards R