Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/GabeSter on 2024-11-24 21:59:09.

As everyone here knows nearly ever crypto will bleed value against BTC over an extended period of time.

Yes some traders may be lucky enough to buy an altcoin before a rally and if you are good for you, but TAKE PROFIT. Seriously. You bought Cardano at $.45 and it more than doubles - at a minimum get back your initial USD investment. Holding profitable alts long term is how this sub probably loses the most money.

If you make money on an alt

Do:

• get back your initial investment

Do not:

• Hodl everything for even more future profits
• Double Down and buy more

Seriously if this post trends check the comments of this post and I guarantee people will tell you how they bought an alt in 2021 held for huge gains and then held back down for a significant loss.

If you are new here learn from the mistakes of those that were here for previous cycles, take profit on alts. Period.

Some Alt to BTC charts below to help visualize and reinforce what I'm saying.

https://preview.redd.it/di81hbnq6x2e1.png?width=950&format=png&auto=webp&s=96b06685cb927d771951bb0e0b8725766e55a692

https://preview.redd.it/r2dizqis6x2e1.png?width=940&format=png&auto=webp&s=08db3d83a6c4eb16cab83039c439873b49d7cd7f

https://preview.redd.it/fkgk067v6x2e1.png?width=959&format=png&auto=webp&s=bb0a704f77c28a4a3dc0807e753cdaf53be00255