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Crypto Trading And Market Update: Sold Some


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Image by valentin_b90 from Pixabay

It was a good sell because after selling the price started dumping back. Last few days, most probably more or less than a week, it didn’t hit the desired price but holding for a good sell not always worth it. You know what I mean? Asset amount and possible gain amount definitely matters when it comes to worth holding for a specific time. Small amount of asset doesn’t worth holding for long time especially when your finance at risk even not at risk because time is money for us.

A simple example, suppose I have $100k worth value crypto asset in my wallet and I don't mind holding it for a year to gain $10k dollars but when I've $1k worth asset or less than that, I can't hold it for $10 dollars (not even for $100 USDT) of profit for a year, you understand the simple math right? So, here is my point of doing trading for gains either it sell or it can be buy and both has risk if random and unplanned trading continued and I've already learned it from my personal experiences of several losses.

Sometimes even market weather force us to hold and we get a checkmate situation where we can't continue trading and holding is a must. I would say, this month I was really very smart and sharp to gain some crypto asset and stable coin but that's not the complete truth, without the co-operation of crypto market weather, our plan and patience both can be useless so definitely it was good luck and I believe in luck. Trading crypto is a luck trying investment game and here we can be both gainer or loser.

Most of my plans made according to crypto market weather and it can change anytime when necessary. I just can try for smart trading but a shocking dump of coin's price can change the story of my crypto trading. Last year I had more than $2k worth asset but unfortunately on November a shocking dump hit my asset value brutally and now it's lesser than $1k. According to mathematical calculation, my asset value reduction was 3x, which means if I had $2.4k worth crypto asset, it reduced to $800 worth price. The recovery process can take a lots of time and still trading with hope that coins get back the value it had before November last year. Trying for something makes us optimistic so I'm still trying.

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shohana
shohana Verified Member

Content writer, designer and hobbyist photographer


CTF (Crypto, Tech & Finance)
CTF (Crypto, Tech & Finance)

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