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.