The mental side of the game.
$2 Hive. Who would have thought we would see it so fast.
Just a few days ago we were so hyped to see Hive break the dollar mark. I was delighted when we finally broke that mental barrier properly and held onto the position rather than the extreme crashes we would see straight afterwards.
It's a sign of a healthy token and that people were willing to buy rather than just sell.
But the price went up....
We should all sell and get rich with our 500 tokens.
You could and i will try to take some profits as we hit these new heights but selling everything is short sighted and will prevent you from building the account properly.
Making it work in your head.
The worst part of seeing these big numbers is that it gives you hard choices.
For anybody that has been here since the 10c days. Being able to sell tokens for 20x their value has to be tempting. I will sell some and hedge my bets.
I had 5k liquid to play around with that i had built from trading the big pumps. Unfortunately i went one time too much. I sold at $1.10 and happily set my buy order back at 0.80c ready to make a nice gain in my Hive stake.
I blew my load too early and have sellers regret. I never meant to sell it really. I was trying to be smart and get more hive.
The thing is that i got almost all of it for free. Firstly through my activity and then through trading.
So really i made a huge gain but it doesn't feel that way. It feels like i dropped 5k instead of gained it.
The joys of crypto.
To survive the next few days, weeks and months it's going to be important not to dwell on the bad moves. look at the big picture and move accordingly. Take some profit but try not to lose your place in the community.
When you sell maybe do it in stages and not try to predict the market. Dollar cost out and be ready for any big hike or big drop in the price.
Things change fast and the main thing is to be happy with your position when it all settles down.
Either way. We are in for a fun ride.
Posted Using LeoFinance Beta
There will be plenty of dips on the way to $5 HIVE....Plenty of opportunities to make some nice trades😀
It’s hard to BTFD when it keeps going up. But in the long list of possible problems to have, quite tolerable.
It's what I would call a first world problem.
Oh no, the value of my portfolio keeps getting higher. 😂
I can't really expect too much sympathy to be fair.
Once upon a time I was a banker and trading was kind of part of my job. The problem was that I came home frustrated every day... Because trading is against human nature, you always sell to early or to late. What I learned from that experience is that I don't even try to play the markets anymore. I invest in stuff that I believe in and that gives a return... In other terms: hodl and forget about the markets ;-)
It's a good approach. With a good project, you can't lose as you will keep getting more.
I need to make a profit at the moment to buy a new car but I had hoped to keep increasing my holdings for a while longer. The pump is great if I can get some liquid hive now and bank the profit.
I'm not gonna lie, I been having a blast these last 3 weekends, so much so my frugal self gave me a stern talking to Monday. Smh
Btw, I think this is the first time I've ever seen mention "take profits."
First time Ive ever seen 2.50 hive.
I'm selling into hbd so not taking out of the system but putting in a safety switch in case fo dump.
easy 10% without any risk.
I haven't taken any profits yet but it's pretty amazing how the price of HIVE is moving. I did try to do a little inside HIVE trade but it didn't work out. However it was just a slight trade for HIVE into HBD but I didn't expect it to go up so fast.
Posted Using LeoFinance Beta
None of us did. 😅
I wouldn't have sold at a dollar if I thought we were going to hit 3 dollars the next day. Only hurts a little bit though since we still have plenty staked.
It will be a fun race to see who gets theirs out first and catches the good prices.
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