All around us there are posts upon posts hyping up cryptocurrency. Everyone is telling you “Bitcoin will keep rising!” Or “You can still get in!”. Many inexperienced people lose money because they get FOMO. They buy in to late.
But FOMO does not only create a willingness to buy. It also fuels the fear of selling too early. Bitcoin has already made great gains. Why risk it all for that last 10-20%. Ofcourse you might want to hold on a little longer. But be prepared to sell, because at some point the bear market will arrive.
Investments should be made to make money. So don’t let it rot in your wallet for the rest of your life. Taking profits is the most important part of investing. Don’t feel bad about missing the top, and enjoy the gains we have made.