Be careful. The Steem-Engine Market can make you lose your mind. The risk of losing a token investment can always be minimized by removing your greedy nature.
The greedy nature, of course, becomes a terrible boomerang. Being greedy will always hold you back from selling your tokens at prices that are already profitable. You constantly think that there will be a time when the token that you HODL can reach the highest you want.
The Steem-Engine market is still very new and full of risk. The principle of cryptocurrency investment is that there is no right time to hold your assets.
The right time to sell your assets is based on in-depth analysis and your own "feeling". Try to get rid of the thought of "making a big profit among the biggest" especially if you are still a beginner in the most volatile type of investment today.
Some token trends in Steem-Engine down by almost half the price. Some of them have returned to normal today as the initial price when the tokens were first released.
Maybe a few weeks ago you postponed selling tokens. In fact, in the last few weeks, you can already get a sizable profit if you sell it right away. But, you hold back, wait for a little hike, hoping to happen today. But maybe today the tokens that you want became down by half the price, even more. In that situation, you might be sorry why you didn't sell tokens in the last few weeks.
That is a very simple case example, often the owners of assets postpone selling their tokens, not for greater profits, but to lose more if they are too greedy and lose knowledge about the tokens.
If you are a very beginner investor and only rely on your "feeling", or even worse is to just follow the trend, try to always remember that you can sell your assets at the point of profit you want. But don't forget that the more you hold your tokens for longer when the price of the token is profitable, the greater your risk of losing.
Overall, the greater the risk you take, the greater the benefits you will achieve if everything goes according to plan.
Fundamental principles that (maybe) can be your reminder:
- It's better you regret why you didn't sell higher assets because you already sold them first at a price that was already profitable.
- It will be bad if you regret why you did not sell assets in the previous day when prices have fallen today.
If you sell assets at a price that is not too high, but already profitable, you can later buy the same token again, or buy another token at a low price. Then later sold again when prices are better. Certainly, it will reduce the risk, right?
Keep Steem On!
Regards,
A Content Writer and Social Media Manager From Indonesia
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