Do not hodl hot things

[JaanusRaim]

The truism "don't hold hot things" is perfectly intuitive for our bodies, yet in the world of investing, it is all too easily forgotten.
When an asset is already the center of attention and heavily hyped, it is the right time to act—not to buy or hold, but to sell.

True, not just any piece of junk makes for a great investment. If that were the case, the investment game would be quite boring—certainly not one of the most exciting human games, as it is today.

But every excellent investment looks like junk.
(Bitcoin has once again taught us this ancient lesson)

[Questat]

There is a famous saying in the Bitcoin world, buy the rumor, sell the news.

I think that's similar to what you stated, and actually that saying is still relevant until now, although currently due to institutional investors, the market is less volatile compared to the past few years. Still, it's good advice to remember so we don't get caught up in the hype and end up selling at a loss, after all in trading, timing is important so we cannot afford to be greedy.

[TheUltraElite]

If its bitcoin, hold for long sell for profit if the need is emergency or sell to buyback at a lower level.

If it is altcoin, buy at low with care because most of them will never come back up again. But if you have bought already, sell at the next possible point so as to make sure to profit and still get out.

I consider the second one as the "hot stuff" - because it can burn you down. I dont recommend altcoins but quite a few newbies end up buying some shitcoins now and then.

[Gozie51]

The truism "don't hold hot things" is perfectly intuitive for our bodies, yet in the world of investing, it is all too easily forgotten.
When an asset is already the center of attention and heavily hyped, it is the right time to act—not to buy or hold, but to sell.

When it comes to the body, you hardly take in hot things because of the temperature or higher temperature but hot in investment means prime or good time to invest. They say it is better to leave the stage when the ovation is loudest but the challenge with bitcoin is to know when to exit your profitable trade. It is therefore very important to set target for exit and that will safe you the temptation of being greedy because that is the major reason for over trading and loses.

[Oshosondy]

So are you implying right now that people should not buy bitcoin, but sell it? If that is what you mean, you are wrong. Or you mean that when bitcoin got to $126000, you expected the price to fall and which it did. But bitcoin has falling in price and it later increased to $80000. Bitcoin is consolidating and be expecting the price to later increase further.

[Yorubek]

There is a famous saying in the Bitcoin world, buy the rumor, sell the news.

You said it very well
Maybe this saying is still relevant

In a situation where it is very difficult to understand which way the situation is actually going, most investors panic and make wrong decisions. It is true that the more institutional investors enter the market, the more volatile the market will be. In fact, Bitcoin is so volatile that it is not possible to provide reliable information about the market, currently the market is stable, but no one can say exactly how long it will remain stable. At this time, it is not right to make decisions that can cause big losses, so it is reasonable to keep a calm mind and exercise awareness.

[Accardo]

Sell hot buy cold, you mean? when an asset is hot it's bullish, when it gets cold it's bearish. Buying or hodling on a bullish run is an action that demands steady attention from the investors, they'd have to watch out for the bullish trend's expected duration before deciding to hodl or sell. As for assets with no potential market growth, the buyer must sell in a booming market and move on, it'll do no favor to return back, as the asset may never come up or get hot again.

[Dr.Bitcoin_Strange]

This was actually a point of discussion last year and months ago when Bitcoin was still at $100k+,  some investors argued that buying at $100k was a bad idea because price was going to fall below that level which it eventually did. If you are actually directing this topic to Bitcoin, I would say it's coming late because Bitcoin have already experienced the bear dip and a lot of people already sold last year and early this year, and have bought again during the bottom.

[BTC FutureKing]

If its bitcoin, hold for long sell for profit if the need is emergency or sell to buyback at a lower level.

If it is altcoin, buy at low with care because most of them will never come back up again. But if you have bought already, sell at the next possible point so as to make sure to profit and still get out.

I consider the second one as the "hot stuff" - because it can burn you down. I dont recommend altcoins but quite a few newbies end up buying some shitcoins now and then.

Bitcoin will only crash when its price drops because people are making a lot of noise about it being down and they think it should be sold now, while it is a good profit opportunity and asset for the long term.

Altcoins are hot because they mostly follow Bitcoin, which is why when their price drops, they rarely rise and this makes people hot and they get scared. Although the one who buys it at a low price will have to do it for the same amount of time as the one who buys it at a high price because both have bought for profit.

For me, both are hot because when Bitcoin goes down and those who want to take profit think that Bitcoin will be very difficult and long to come and Altcoins feel that their price is less likely to increase now, so all of them can be hot.

[Ruttoshi]

I think what you said only applies to altcoins and not bitcoin because bitcoin gives you more profit the longer you hodli. It altcoins that are best to sell when you see a little profit because the price might not be able to reach that price that put you in profit. I have experienced it times with number.

It's shitcoins that are being hyped and not bitcoin so, it's better to involve yourself in bitcion long term investment than chasing little profit and get burnt.

[boyptc]

The truism "don't hold hot things" is perfectly intuitive for our bodies, yet in the world of investing, it is all too easily forgotten.
When an asset is already the center of attention and heavily hyped, it is the right time to act—not to buy or hold, but to sell.

The reason why we've invested in the first place is forgotten, and that reason is to profit by selling.

But we can't also help ourselves when we see the assets we hold are doing just fine and keeps on growing. And with that, we forget to sell because we want to hold longer for maximizing potential profits.

While it's right to sell when the hype is high but I don't think this applies to bitcoin.

But every excellent investment looks like junk.
(Bitcoin has once again taught us this ancient lesson)

Not anymore for Bitcoin. Those who don't have it tells that no more because Bitcoin is recognized globally these days as a good asset, no longer a junk in their eyes.