Being Patient With Your Crypto Bag

in #hive-1679228 months ago

Are you fully or really into the crypto space if you have not regretted selling one of your coins that later blew up? I am sure we have all been there before, one thing I know for sure is that, most of the coins have bought, I mean coins with utilities, they have pumped, but the only issue is waiting. Most times waiting is the hardest part, this is the reason it’s always advisable to have multiple sources of income to sustain you during the bear market. Let me give you my limewire story. Lime wire token is a token I regret selling and not buying more because of sentiment.

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Lime wire token was the first ever IDO I fully participated in with so much expectation, I bought in with $200 thinking it was a great quick way to 2X+ my money. Unfortunately the token launched and the price launched below the IDO price, this made me really sad and I felt bad, I was so angry I didn’t want to invest in the project anymore. I watched the value of my token tank to $40 from $200, that would have been my queue to buy more. I sold off my $40, checked yesterday and saw that if I had not sold my Lime wire bag I would have been up 3X and if I had bought more when my bag was valued $40 I would have been up 10X. I felt really sad and decided that instead of dwelling on the past and regretting, I think it’s wise to learn and make sure that I don’t make such mistakes again.

Lime wire has the utilities, it’s the token for content creators, it’s the token that is used to appreciate content creators like artists, song writers, entertainers and all. That would have been my queue and reason to buy more, the IDO went bad but the pump afterwards was massively great. Therefore, I have learnt that u have to be patient with my crypto bags, don’t be sentimentally too attached to them so that when they don’t go your way you make irrational decisions and don’t be too sentimentally attached to them that you don’t take profit, always remember to take profit.

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Tough business

Not only crypto, also in stock, land invest+patient= Huge Profit

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It happened many times with me 😞 😆