I always love your comments. They say a lot about hopes and you always wish me good profits. I wish them for you as well.
For me next 3-4 months I can hold my coins, if it start pumping then great, if not then I may have to sell it.
If at some point in the near future you will need to sell, then you likely have too much invested (compared to the money you have for investing). This is exactly like painting yourself into a corner.
That means that you have created a situation where you will have no options open except to abandon your investment strategy and sell at a really low price. You probably did not think about what happens if the price drops as much as it has.
I avoid this by saying to myself, "If this coin goes to zero, how much do I want to have invested?" (because I know I will not sell when it drops below 50% of what I paid for it). Then I plan accordingly and only invest as much as I can afford to lose. This is a very important principle that would have saved many who wanted to maximize profits while abandoning any notion of risk.
Well I'm glad that you loved my comments which means a lot to me 🥰
Actually my holdings are my earning not that big but I've invested my precious time that's true. Your points are very logical and wise, I appreciate. Everything can be happen with crypto tomorrow but deep in my heart, I do believe our investment (time and money) wil bring profit. I feel the positive vibes. And yes I've invested as much I can afford to lose but still it can be a great support to bring financial freedom for several months.
Thank you for your kind and wise reply and I also love your post as I'm still leaning about coins and I'm not so knowledgeable about crypto currencies. Stay blessed 💖💝❤️
It may interest you to know that I have lost everything three times in my life. The most recent time was in 2001. Since then, I worked my way up to where I am. The articles that I am writing now include cautious spending and investment strategies based on holding most of your wealth and never losing it (again).
I am stable in a tragic market environment. It is a true test of my conclusions drawn from my life. I am attempting to share that with all of you. You seem to be alright - I hope you are. Take care and you also be blessed!
rolemodel/ example to me :)
https://peakd.com/@woelfchen/i-cannot-access-my-bank--6-years-of-pain--soon-homeless-again
when come new posts by you ?