CTF (Crypto, Tech & Finance)

Crypto Trading And Market Update: Sold For Hold

Crypto Trading And Market Update: Sold For Hold

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Image by Miloslav Hamřík from Pixabay

Asset value when reduce constantly, it cause frustration, palpitation and negative thoughts. To avoid all negativities sold for almost zero profit and hold for next buy. This was necessary for survival too. Not all the desired coins perform as we want, some has record of brutal dump and all-time high price also impressive. Considering observation of long time decide to hold stable coin instead a large number of crypto asset.

When It'll time for asset building, regular trading will be continued using a small amount of share but big amount of crypto asset holding only possible when personal finance is secured for next few years. Asset value reduction can be horrible for many who experienced a huge down fall of price in the past. Count me one of them. Still can remember when asset value reduced 3x in just few days. For example, it was $2.4k USDT worth crypto asset and the dump made it $800 USDT unexpected in a few days. That loss not yet recovered. 

When such brutal dump affect crypto finance, we either can be careful for next time or dare to take high risk next time for big gain but that high risk also need decent amount of investment and secured back up money. When we don't have that or we can't afford that, better we find a safe way to avoid overnight asset value loss and waiting for long time for a recovery. It happened last year in November and it cause a big loss. At that time that loss doesn’t feels heavy because bank balance was the strength but that loss now definitely feels heavy when personal finance at risk.

So, it’s fair enough to sell and hold stable coin to buy at lower or possibly lowest to continue smart trading. Dump isn’t rare thing so holding stable coin won't cause regret. Hold is definitely gold but long time hold is only possible when personal finance is fine or there always a back up asset ready to cover up. For now, sold for hold stable coin was the right decision though It's a personal take, not a financial advice to you. Always encourage you to do your own research and make your own decision, if somehow you loss, you won't regret much when  it'll be your own decision. Hold crypto or stable coin whatever is healthy for your finance plans. 

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