There is nothing worse than seeing your coin do a 2x or 3x just for it to come back to the same price you bought at . Sometimes its better to get your initial investment out and let the rest ride.
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I deiced to add a new coin to my portfolio which looked bullish ( not gonna name the coin ) . In just a week I turned out right and got a 2x . This is where I considered selling my initial investment and let the rest ride. But like every time I Held it tight. It did go up by more 50% only to comeback to price I got the coin.
Now ,I know I should buy the dip , but it would have been a lot sweeter if I could just buy "the dip " with my initial investment.
Some might argue , that if the coin had gone up 10x , I would lose about 50% of the profits. But come to think of it a 5x isn't that bad either without any risk . If I were to sell at a 2x , I would basically get a free asset with all of my money back , plus all that peace of mind.
This has happened numerous times where I kept holding it , just to come back at the same price or even worse go in a loss . Booking profits doesn't sound bad at all , especially after a 2x.
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