03-14-2021, 10:05 PM
Don't just HODL blindly because people on the Internet told you to do so. Set yourse
<!-- SC_OFF --><div class="md"><p>I'm sure this will get downvoted but if you have entered crypto with the hopes of making some profit ignore the cult like mentality of holding indefinitely and set yourself a price target at which you would be happy to take some profit.</p> <p>Holding long term has always been a solid tactic but to hold with no exit plan or target is just barmy. </p> <p>Whether it be a specific price target or a multiplication of your holdings think about which point you would be happy to take profit and stick to it.</p> <p>For me personally whenever an investment makes 3x I cash out two thirds doubling my initial investment and then hold the last third in the hope that it does it again.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AvidasOfficial"> /u/AvidasOfficial </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m4kn5n/dont_just_hodl_blindly_because_people_on_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m4kn5n/dont_just_hodl_blindly_because_people_on_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'm sure this will get downvoted but if you have entered crypto with the hopes of making some profit ignore the cult like mentality of holding indefinitely and set yourself a price target at which you would be happy to take some profit.</p> <p>Holding long term has always been a solid tactic but to hold with no exit plan or target is just barmy. </p> <p>Whether it be a specific price target or a multiplication of your holdings think about which point you would be happy to take profit and stick to it.</p> <p>For me personally whenever an investment makes 3x I cash out two thirds doubling my initial investment and then hold the last third in the hope that it does it again.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AvidasOfficial"> /u/AvidasOfficial </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m4kn5n/dont_just_hodl_blindly_because_people_on_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m4kn5n/dont_just_hodl_blindly_because_people_on_the/">[comments]</a></span>Kind Regards R