Planning is very important in every aspect of life and its also important for cryptocurrency investors and traders, many cryptocurrency investors not make any investment plans and those who make plans not stick with there plans for a reasonable time period because they have so many options to switch
Changing your mind and investment decisions every day is not a good idea,for example one day you decided to invest in ethereum and you make a decision to hold it until its reach its next all time high price again, but after few hours you feel Bitcoin is better to invest for long term holding then you switch to Bitcoin so after few hours you feel Cardano is better than the ethereum and Bitcoin so you changed your mind and switched to Cardano
Yesterday I read a comment on a social media post he said he was holding 300 Bitcoin in 2012 but sold all in the same year and now after 10 years he still have regret on changing his investment decision, that's why I think switching from one cryptocurrency to another on daily basis is not a good idea, I am not asking you to hold a cryptocurrency coin or token for life but at least hold it for a reasonable time period according to your investment plan
If you are changing you investment plans and decisions every day just after watching few videos on YouTube or reading few posts on Twitter, then you will probably going to loss your money instead of making profits, because there are so many scams and pump and dump coins and its very hard to make a successful investment decision everytime you will definitely make a bad decision also, so be careful don't believe everything you read or watch on social media platforms because you don't know the real attention of the promoters to promote a specific cryptocurrency coin and token
Remember if you change your mind or investment decision after your own research which is based on facts and figures then there is nothing wrong with that, but don't do if under the influence of social media influencers, another thing is you may assume I am requesting everyone to hold a coin or stay with your plain for long term, no its not right I am requesting you to stay with your plan for a time period which you already decided wither it's one day, one week, one month or one year
I hope many readers agrees with me because there are so many cryptocurrency investors who are the early investors of some top cryptocurrencies like Bitcoin, ethereum, ripple, dogecoin and others but not able to get any benefit because they sold them in order to catch another opportunity, looking for a better opportunity is not a bad idea itself but only doing that all the time jumping from one to another project or coin and not staying with any opportunity doesn't make sense
Thanks for reading