02/04/2024
SELLING YOUR CRYPTOS TOO EARLY 💰❗️
Here's something you won't hear often, but you absolutely need to know: you will earn much more by selling your cryptos too early than too late. Don't be too greedy, it will make you lose.
When you've made a profit, don't try to make too much of it: learn to stop and learn to sell. I see a lot of people say, when they are at a loss on an investment, "not sold, not lost!". It's an extremely stupid phrase because it implies that it will go up later when we don't know that, but more importantly, it also applies in the other direction: not sold, not gained.
During the previous bull market, I knew dozens of crypto millionaires who already saw themselves rebuilding their lives, moving to other countries, buying magnificent villas... and in the end, they were caught by the market and did not sell in time: they lost several million euros in total and went back to their usual lives by going to work every morning.
It's tough, but it's the return to reality. Your gains in crypto are not secured until you have sold, and you must always keep in mind that the market can turn at any time without ever returning to the highest price levels. Some crypto fanatics in the comments will say no, that it will continue forever: don't listen to them, they have no certainty about the direction of the market in the coming days. Neither they, nor I, nor anyone knows where the market will go.
So, consider paying yourself by regularly selling your cryptos at a profit: otherwise, you risk losing a lot and falling into depression, believe me it happens very often.
Some in several months will think back to my message and recognize themselves in it, and they will say that I was right and that they should have followed this advice. But it will be too late for them, unfortunately.
