Been holding for 7 years so i agree with you that trading might be a VERY bad strategy if this thing pumps to make new ATHs. Life changing might be an understatement at that point. You don't want to be the one thinking 10k was a great profit when 1M could have been had. Yes, i have been there and it feels worse than the token going to to 0 cents. Trust me!
YizzyB
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@robroszk for me, not trading means - [hopefully] not recycling gains back into the asset. So it’s a one time deal for me, which makes the balancing of immediate gains and long-term wealth the delicate balance beam that must be walked.
And I think the adoption S-curve is also still in early stages, so how long do you ride this curve vs. move on and enjoy life, God willing.
All tough calls, having a written plan for how to behave and how to potentially reinvest on the backend, a clear purpose or core values which sit above the emotions of joy fear, and even goals is crucial here.
Rvk130809
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Pleasure viewing your idea and conviction in your thought !!
Thank you so much !!
YizzyB
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@Rvk130809 hope there’s a pinch of accuracy in there too
Rvk130809
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@YizzyB, i am no TA expert , but do understand basics , and have high conviction of it happening , what i am not sure though if we will have similar bust , going by fib cycle , i think we may see similar move but over little longer period .
YizzyB
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Interesting take, and entirely possible. there’s no reason this cycle must look like the 2017, it’s just the most convenient framework.
What’s the source of your conviction for this extended cycle?
Rvk130809
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@YizzyB, Well simple thought process no TA , Just more pain , more gain ha ha ha ha , you can call me sadistic , but thats truth of life ..lol