Welcome back,
In this blog we will talk about the long-term holdings and the trust that is necessary for them to skyrocket when bull run arrives. In crypto market patience is something which cannot be ignored and without that you will not win here.
Without that you will end up being among the 90% people who don't make money here and that is why I think I should discuss it in this blog today. So my question is whether you really trust your long-term holdings?
Sometimes people see other coins skyrocketing and their coin resting at the same place and that is where they get frustrated, and they exit from it to buy something new which is performing better. For example polkadot today has not shown a major move compared to other coins.
Here in case of polkadot which is actually a good project with a good history when it comes to the development going on chain. Here you should trust your coin and hold them as they are really good but if you have some dead token in your bag you can exit.
When you start selling your long-term holdings in panic and in order to chase the pump in other coins is the moment you lose your money. Even when you plan to exit a particular long term project there has to be a very good strategy for that.
You must calculate your profit and loss and the time as well, you must already have a well researched coin where you think to invest your money from that long term holding. I recently liquiated 40% of my long term holding on 7-8X profit and entered in some new projects which I think can go 5-10X.
That was my strategy and I think that is something healthy and good as well as important. But if you are blindly putting your long term holdings to somewhere else then you need to watch out as that is the worst decision you can make in the market.
So once again before I leave, Do you really trust your long term holdings?
Thank you and Happy trading everyone