Those who persist in such misconceptions lose most of the time. It should be sold if it is 15-20 percent more than your invested amount. I have seen many people who got double their invested money and held on to it and in turn lost a lot of money. One should never be greedy in cryptocurrency. Despite of having profit, greed also leads to loss of money which is very painful.
It’s not good to focus on many project since some have already proven to go away after they succeeded. There are plenty of ICO projects in the past that been successful but end up to be a scam or have issues whenever the market is in bear and not able to recover. It’s better to invest in BTC and some top altcoin than to waste time in projects that didn’t guarantee to last longer. So whenever there is a hype in a new project and experience already some profit better get it while we can and don’t be trap in that coin. Sell as long as we can get profit then just buy back once it recovers.
investing in bitcoin for the long term as well as the short term is equally profitable. buy BTC for the short term sell when it doubles and buy again at a low price. and buying BTC for the long term regardless of the doubling in price will not sell unless they reach their desired target. i call it not greedy but it really is a way of long term investment.
and talking about greed leading to money loss, to me that would never happen for a long term investment in bitcoin. look at the bitcoin price journey from the past to the present it has never betrayed its investors unlike other coins which are just hit and run
There are people who in particular keep some altcoins, I don't know, maybe because they like them, because they love technology and for them it represents something much more than apparent money, and that's respectable, in fact when Bitcoin was created there were many enthusiasts who they are like that and even like that, obviously there are many who are millionaires and who see bitcoin that way, I think that is one of the things that most impresses me that people have, that there are still many like that, however I think that now everything has gone because of market speculation, since there is a lot of money there and now the world is very interested in continuing to have money and money.
Its not always on making profits or money.Sounds weird or odd? There are indeed people who do really hold a particular coin just to show up some support on its tech or utility.
They dont really mind nor think about its value as long they've been holding it, then that what matter the most.Well, its our money then its our full rights on what we should gonna do about it,
or things that we bought.Majority of people on here would really be going after for profits and this is where it do differs since there are ones who do prefer on long term
and there are ones who do prefer on doing in shorter terms.
