Posts

Taking Profit: The Hardest Decision To Make

avatar of @valchiz
25
@valchiz
·
0 views
·
3 min read

If you sell, it will pump, If you hold, it will dump

Investing in assets or crypto is one things we always look forward to especially when after making all the research, we have this clear clarity it will be a long term project to invest in. What is the joy of an investor if not to see their investment yielding profit, but no matter how good investing it, selling such assets/investment is one of the hardest decision to make, this is a general thing because it affect everyone in one aspect or the other.

When it come to investment/cryptocurrency, there is this popular statement, buying a coin is easily, selling it, is hard. if you decide to sell, it will start pumping(moving up), if you hold, it will dump (move down), if you decide to form diamond hand (keep holding), you turn to community member. Most times when i hear this, I do laugh a lot, even though it is kinda funny, it is a big fact which we have experience one way or the other. There are lot of project we venture into when they are at low price, be it buying a coin to hold or stake it for more reward, once it start rallied up, our selling decision will start shaking because we will keep hoping the price will pump more, most people call it greed, but I don't really see it as greed but a hard decision to make. Let me share some experience

Let take a look at PancakeSwap (Cake) which was created around 2020 over a year now, I remember when I first saw it, It was around 1$ or so when they did their airdrop to users back then, some decided to sell immediately, Some hold with the long term aim that this token will surely do well, but all of a sudden, it dropped back to 0.19$. At that point, some will call it greed because they should have sold it when others were selling at least they will have some profit, I entered around 0.9 at first because I love staking, when it dumped, i summon courage and reentered at 0.3-0.4$. Diamond hand was taking over when the priced shoot up to around 43$, then it dumped back and currently 9.2$.

What am i saying in essence, Pancakeswap have a lot of opportunities embedded in it when it come to staking because it create a lot of ways to generate income to holders, you can stake it on their main site or other third party site like moonpots, safepal app etc with their different apy, this made people hold their tokens without selling them to generate more income, I know how hard it was to take out some profit when the price was up, because you thought at that moment is to see it pump more.

Many other project have turn to dust which serve as a big loss to most holders (now community holders) holding to see dead bone rise again. but who knows, anything can happen in crypto. we have lot and lot of experiences like that, even on hive, staking where we stake our hive as hp and not sell or move an inch irrespective of the up and downs happening, we still hold hoping for more upward price in the future.

Taking profit is sweet, but it is better to remove your capital and some profit maybe while leaving some certain percentage to see what might later come up, but when it come to staking your token for more reward, and the staked token price shoot up, it will be really hard to make the decision to sell at that moment or keep holding. Have you ever experience this situation? what was your decision in such situation?