I know the feeling bitcorn. I felt sick last week too. I had to stop looking at the price.
Even though my investment was fairly low, the profits are now high.
Maybe I should take out a large percentage of my profits? If I do that and it goes up 400% I am in the same boat. More sickness.
I think I'll do my original plan and hodl for more years. Hopefully this will pay off. I need to forget short term and think long term really.
I thought the same thing. But I chose to HoDL (and keep HoDLing for several more years). My thinking is that if it goes to zero, that's OK, my investment was not big (a few thousand EUR). I won't miss it. I can afford to lose it. My life won't change. On the other hand, what'll happen if I convert it to fiat and then it goes to the moon? I'm sure I'll feel really bad about it, much worse that if I lose my investment. And going to the moon will certainly change my life for the better. It's a risk I'm willing to take.Even though my investment was fairly low, the profits are now high.
Maybe I should take out a large percentage of my profits? If I do that and it goes up 400% I am in the same boat. More sickness.
I think I'll do my original plan and hodl for more years. Hopefully this will pay off. I need to forget short term and think long term really.
My suggestion to all BTC owners: HoDL! And if you have the skills & guts, trade a little (not too much). As for me, I don't want to trade because I know I'm not good at it.
, I always take % (the big part ) from the money I make and leave it as long term investment in BTC and never look at it no matter how low or high the price go I am in it for jackpot not just for some profit . The other % (the small part) of my money I use it to trade and sometime withdraw some if needed .