If I am crashing down, I'll take my crypto with me
I am travelling quite a lot these days and while I am overloaded with a lot of things at work, my mind flies to the crypto realm from time to time and tries to relax. This is the life of a new generation not by age, but by openness to a decentralized revolution in the form of blockchain technology that takes place beneath our eyes. And I am quite happy that I am part of it and that I am on the groundfloor of many blockchain and crypto projects, while dreaming to put my mark as well in this space.
While being in the air in the airplane, I either watch some trainings for work on automation testing or thinking about crypto and writing some articles as I am doing with this one. And sometimes, funny things happen around me or in my mind. And one thing was when the pilot messaged all the passengers that "In case of an emergency, leave all your handbags in the airplane!" While I hold many crypto apps, games and tools installed on my laptop, I had only one thought for that "No way, Jose! If I am crashing down, I'll take my crypto with me!" 😆😁
Even if we don't realize it, we spend quite a bit of time in the crypto space instead of enjoying life and doing stupid things, and thus I think we feel very invested when it comes to it. So if I'm going down crashing, I'll not part away from my crypto. And if this is not dedication, I don't know what else it is. Like ants we are gathering crypto assets in the hope of financial freedom at some point, and we sometimes take this goal over the limits. But without sacrifice, goals are hard to achieve. Thus, we get ALL IN on it and ride it as hard as we can.
If you don't take profits and make the most of the crypto bull markets, the stake keeps increasing for each of us. I've already missed two bull cycles and I cannot go through another one without taking profits as time and life passes by and we need more equilibrium on that. My exit points start from previous ATH and I'll be doing sell DCA from that point on. For sure I will continue to be involved in crypto, but I hope I'll be doing that from a stronger financial position that will allow me freedom of choice, whether it is work or life itself.
That's all from me, Roger out!
At some point, people should take in profits and I think it's a healthy thing to do. I also want to do that at some point but for me, I need to build my position a bit more. I want financial freedom as well but it takes time to get there.
I feel you bro. I have been preparing for the next bull cycle for years. This time I am going to take my profits from every investment I have built. A good payday is coming. :)
LFG!
Crypto is becoming more like a way of life for many of us lol. I sometimes ponder whether it is good to be so invested in a revolution that's just beginning. But yes, we have to go all in, grab that ticket to financial freedom and cash in when the right time comes :)
It is very important for us to try to take advertising of the dip. If truly you want to make a lot from cryptocurrency, you should buy the dip.
Make sure that you have a good strategy before you buy and before you sell
I have thought a lot about it too, what happens to my crypto if I die, been training my sister and wife on how to do transactions and use wallets so they can be familiar to it and have all the necessary data secure offline in one place, if market cycles remain the same I see myself taking profits in about 10 years from now and still be young enough to enjoy it but it will take a lot of patience and hard work, its not easy task to hold that long
The first bull-run I experienced during my early Crypto days in 2021 is likely going to be the last bull run that will ever come around without me taking profit. Back then, I was just holding onto what I had until it became too late to make the best of the favorable market condition. But the goodnews is that I learned from that experience. Haha.
As for this new Crypto/blockchain era, I'm all-in with you on that crashing decision. Lolz. My laptop is currently ruined, but my hard drive holds a lot about my Crypto keys. My phone also houses so much and I don't ever want to imagine losing these gadgets for any reason. Haha.
Even if you are travelling :P You have your crypto wallets and their keys in your mobile that you can take to any place in the world :P Just keep an eye on your portfolio .
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Just as we get too attached to things, humans also get attached to something we have coins. I made the same mistake. And did not sale it inside the bull market today I am at a huge loss. Coin is giving some profit we should sale it and then wait for it to come down. This time I won't make the mistake. I will sale my portfolio as soon as I get some profit.