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Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?
« on: Today at 05:06:27 PM »However, if they take advantage because their target has been achieved, that is much better, because they committed to their target at the start. Sometimes consistently holding on to something we plan is difficult, especially when we see the bigger profits we can get.
The reason that many people think they can get bigger profits makes a lot of them hold onto their assets even when the time might be right for them to sell because the price has reached their target point but now they are becoming greedy and thinking that they can get more profit if they keep holding. This practice can sometimes be beneficial because the market might go higher than that point, but sometimes it backfires because the market starts dropping from that point.
When the market starts dropping from where they didn't sell thinking they will cash in more profit by selling later, that is when they start regretting their decision but nothing can be done. So it's important for one to make such decision after considering all the outcomes.