Throughout the years, I have held a lot of different cryptos one exchanges and in wallets. I have sold a lot now and then, but after years of trading and holding, there is only ONE occasion that I look back at in which I deeply feel sad about selling and not just holding!
I have done many mistakes and invested in stupid projects that have lost value. I remember following NEO to $200, and when I sold at $80, I felt stupid. But, in the long race, I was happy, because later it fell in value to $7.
But, there is ONE occasion on which I sold, and I just missed out on the train. And to be honest, considering that I have been paying attention and do some small trading for 4-5 years, that isn't really much. But, I remember... I had 100 LINK tokens. I bought them around 4850 Sats, and then it dropped to 2000 Sats (all way below $1). Then it returned to 4000 Sats and it was jumping between 4000 and 4000 Sats (4000 Sats is the same as 0,00004000 Bitcoin). Just for your information, the current Link price is 60450 Sats (that is, 0.00060450 BTC, which is 15 times more than the price at which I missed out on the train).
So, what happened? Well, I started to swing trade, and I actually managed to grow my stack to 130 Link tokens. But, then I sold it all, hoping that I could grow my stack even more. And guess what? The train left the station, and it NEVER returned.
In other words, I lost out on a chance to join one of the coolest rides during the bear market in 2019 and 2020, in which Chainlink was one of the few stars shining in the crypto market. And even though it hasn't gone through the same mooning movements in 2021 as many other coins, it is still doing great, and currently, it is priced above $30. When I sold mine, it was worth somewhere around $0.5.
Is this a story of encouragement or a discouraging message?
In a way, I find it to be encouraging because I only have one such story that I really regret. In other words, I have sold my tokens at other times, and somehow, I have always managed to get back in. And also, I believe there are so many more stories about people who regret not selling something, than stories from people who regret selling. Of course, there is a story about the person who was so sad that he sold some thousand Bitcoins at $3 (that he bought at $0,5). After all, when he tweeted about it, a Bitcoin was worth $8. And then you have the person buying a pizza for 27 BTC. So, there are more stories like this, but not as many as those on the other side... those who regret not selling.
It is also a small warning... don't put all your eggs in the same basket. That is, if you swing-trade, don't sell it at all... because you might miss out if the express train suddenly shows up. Be careful, and only play with tokens you are willing to lose!
What is your story? I would love to hear from you!
Lucky me I have no such story. I've only sold on Hive Engine, different tokens so i can buy others and that I don't regret. Outside Hive what I have I'm holding, no intention to sell anytime soon.
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That is probably a smart way to approach the subject :) Keep it that way!
If you're into trading, there's no way you can avoid ups and downs. But it your holding on long term, risks are less.
Fingers crossed 🤞
Good luck to you 🙂
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