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The Doge we made along the way...

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Leonis
@enforcer48
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2 min read

         A while ago, I mentioned how I sold some Doge at around $0.21 or so. Some might say that I sold too early, but that's all relative depending on your situation. Within the last week, Doge went as high as $0.70 in some places and might very well be on its way to $1 after Elon Musk's debut on SNL.

         Well, I sold a second batch of Doge at around $0.608 this week. I still got some left, but I will most likely keep the rest of them for educational purposes down the road. Doge is a pretty good primer for people to get into PoW and crypto in general. In fact, I would feel more comfortable teaching kids about mining, paper wallets, etc. with it.

         While I'm not here to offer financial advice, but it should make sense to some of you to take profits along the way. It's next to impossible to time the exact top of the market. If you wait too long, you might miss out instead.

         You might say, why? It's not the end of the bull market yet. I don't disagree with you, but I've never said I was selling Doge for fiat. There are still many coins that stand to gain a lot during this cycle. I sold Doge to generate capital to put into other projects. Let's be honest here, I got most of my Doge for free, so it didn't matter as much to me that I didn't sell close to the top.

         These are the top coins in my portfolio ranked by liquidity I possess. How do you like that 13-week power down still? While my Hive wallet seems respectable, much of it is not liquid. I'm also not too keen about powering down before HBD stabilizes and HIVE goes beyond $2, if that ever happens. Looking at this list, it should be clear that those coins have a lot of potential to move in the upcoming months.

         For example, LTC recently passed its previous ATH. The possibilities are now opened for new price discovery. It would also be silly to assume ADA (and DOT) won't ride the narrative of being ETH alternatives to the top of this cycle.

         Point being, I'd rather have the liquidity to bolster certain positions right now. Why? Because I have a feeling that the other coins on my list can bring me greater gains than Doge at $1 by the end of the cycle. In this case, I haven't exactly taken profits. I've only swapped one asset for another in hopes of greater gains down the road.

         Stay safe and enjoy the ride.

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