The market is in green, everything is right again. Seeing the same thing happen again was anticlimactic, at some point this was likely to happen given the hype and fundamental news backing this rally up.
Yesterday's news:
I took some partial profits early but not really keen on considering it a victory since I'm anticipating another run up. I could be wrong but being wrong here wouldn't really end my world and I'm fine with how things are.
The bear market conditioned out heads that the first sign of breaking from consolidation is to sell for fear that it would dip again. Even when the overall market sentiment shows it's trending up, people will sell early because they are used to the bear market.
It's an entry from my trade journal which I didn't pay heed to until I sold partial. I was tempted to do it again but took a step back and see the bigger picture.
If a token has been consolidating for a long time and broke a long term resistance, do you really think it would just behave and fall in line even when the overall market encourages it to go up?
I'm not sure if I can apply the lesson on Hive but this is what I learned from other tokens that consolidated for a long time and broke their resistances. The large stakeholders had their fill accumulating at the lows and now are ready to sell so there's no incentive to keep pushing down prices.
If Hive catches up, I wonder what people's excuse are when they had more than a year to accumulate. The same sentiment with BTC when it was at its lows. History already showed us that things tend to happen in cycles.
Whether BTC makes an uncharted territory up or dips below, I wouldn't really mind since lessons learned from the previous bull and bear markets should've made it clear what needs to be done.
Markets happen in cycles.
The last bull run, people were buying when they were supposed to be slowly selling. The bear markets should have been the time to accumulate and most people just need to wait. This is all good in hindsight and we can forgive ourselves from missing out because we were only acting in our best interests with what available information we have. But in the same hindsight, one should've at least had an inkling that things happen in rhythm.
Don't get too caught in euphoria that you don't sell. Don't get too caught in fear and uncertainty that you missed out on the opportunity.
Thanks for your time.
HODL, pero baka ma ban ang crypto currencies sa philippines kaya sell sell nalang.
Pati if mag over 250k ka adadadddadada. Bayad daw %30 for stocks dahil treated as stock securities ang crypto currencies.
Hmmmm
A game of crypto chicken...
Makes me wonder, buy more hive or wait for another low....
Market is really going quite well now and we will hope it continues
Most times one of the ways people feel left out is the fact that they don't see it as a time to sell and at the long run they eventually lose out
I’m sure the price will continue to go up for a while and you are right about the fact that we had a whole year and even more to accumulate Hive so there should be no excuse
i learned that i will stay poor forever :P
Depends on what kind of poor you're talking about~
I'm not poor in bad cholesterol.
All of us must have learned something special from the peer market and this time I learned that those who have done DCA are in for a huge profit always on top of the market they are working within. Must believe.