A market cap of $620,000,000,000+ is not something I expected to see in 2017. But here we are…
Questions that most of us have are ‘How long will this race keep on going?’, ‘When and how much profits should I take?’ and ‘What should I do when there is a big correction?’.
We’re often afraid to miss the opportunity, afraid to sell too early.
Personally, I do take some profits off the table once in awhile. Because of that, I sold some coins for much lower than they are today. But I have no regrets.
I see taking profits as preparing for when the next opportunity comes by…
Cheers!
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Disclaimer: I am not a financial advisor, trader or developer. I am just a blockchain & cryptocurrencies enthusiast. Make sure you do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.
Another valuable lesson learned today!
Note to myself: Take some profits off the table for when another opportunity comes by!
Thank you @cryptotem!
Definitely a good idea! Good luck :-D
its astonishing how large the crypto market cap has propelled especially these few weeks and yet i keep hearing its a bubble.
I know. There is no clear one-size-fits-all definition of a bubble. It is vague and describes something that is 'overvalued' in the eyes of most people, especially the status quo. I guess, paper money, stocks, bonds, gold, silver, paintings all are a bubble then...
good post, umbrella that symbol of steem.
@crytotem
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