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When is it time to leave crypto? - Weak hands and broken hearts....
Just a question for the whales and day traders here:
I'm wondering whether I should just cash out. I've never had a big spread and only used pleasure money but I've seen a lot of 2017 coins just fall by the wayside and wonder if I'm not too emotional and HODLing out of delusion.
About 20 percent of my portfolio dropped last night and part of me wonders whether I shouldn't just take the money out and spend it on beer. I've got a mix of coins like Fantom, VSYS, kucoin shares, telcoin, Toko...
But the coin I've been obsessed about is powerledger (POWR). Even after its ATH after its ICO I still believe in it for ideological reasons and part of me thinks I'm just holding it out of spite.
Should I just use a trading bot and give up my pride?
Powerledger POWR is a cryptocurrency that is trying to make electricity units from solar power a fungible unit. It's based in Australia and solar panels on rooftops are a standard thing here. It allows you to trade units of electricity with whomever instead of just a random price one received from their service provider.
If it was on my exchange I would, partly for meme reasons and partly because I kind of believe in its applications as a service.
Powerledger POWR is a cryptocurrency that is trying to make electricity units from solar power a fungible unit. It's based in Australia and solar panels on rooftops are a standard thing here. It allows you to trade units of electricity with whomever instead of just a random price one received from their service provider.
It is. I believe in the theory of it. Some part of me just wants to class this as dead money but I'm getting around 11 percent on my superannuation fund (pension fund) and a part of me kind of thinks I could put money into it.
It just feels like I suck at picking winners in crypto. I like stuff like Fantom but don't know if I should just HODL long term.
It is. I believe in the theory of it. Some part of me just wants to class this as dead money but I'm getting around 11 percent on my superannuation fund (pension fu d) and a part of me kind of thinks I could put money into it.
It just feels like I suck at picking winners in crypto. I like stuff like Fantom but don't know if I should just HODL long term.
Very few people seem like they actually believe in it currently. They're just trying to make a buck and leave some other unlucky bastard holding the bag when they sell.
I feel like "investing for profit" and "buying/hodling a coin for ideological reasons" are different goals which will typically require different decisions.
Crypto just sounds like another "get rich quick without having to do any work" scheme. I've seen Bitcoin being bought/sold on a certain trading program, and it rises and falls spectacularly.
