Breakeven Bag Holder
You're down on a token, & waiting for it to break even again before you sell.
• It might not come back. Could the capital be better used somewhere else?
• A 50% drop means the position will need to gain 100% to return to the original amount.
You're down on a token, & waiting for it to break even again before you sell.
• It might not come back. Could the capital be better used somewhere else?
• A 50% drop means the position will need to gain 100% to return to the original amount.
If you're down a TON (say -90%), you fucked up a long time ago 🤷♂️.
But neither of us has a time machine.
So what should you do?
There's an argument for keeping it as a moonshot bag.
But neither of us has a time machine.
So what should you do?
There's an argument for keeping it as a moonshot bag.
I was down bad in 2018 because I didn't cut my losses or take profits.
I offloaded a lot of garbage, but I kept some that I thought had potential, like BNB, ETH, and VeChain.
I had no idea that those (esp BNB) would skyrocket the way they did.
I offloaded a lot of garbage, but I kept some that I thought had potential, like BNB, ETH, and VeChain.
I had no idea that those (esp BNB) would skyrocket the way they did.
When you're judging potential, look for:
• Is the team still actively developing & communicating?
• How much $ is in the treasury (and what tokens)
• What moats the protocol has
• Revenue generation
• Product/market fit
• The roadmap
I hope this helps
• Is the team still actively developing & communicating?
• How much $ is in the treasury (and what tokens)
• What moats the protocol has
• Revenue generation
• Product/market fit
• The roadmap
I hope this helps
By the way, there is some survivorship bias.
I kept some coins that never broke ATHs again, like NEO (bruh, the Ethereum of China 🤦♂️) and OMG.
But the ones that did moon...mooned so hard that they overcompensated for everything else.
I kept some coins that never broke ATHs again, like NEO (bruh, the Ethereum of China 🤦♂️) and OMG.
But the ones that did moon...mooned so hard that they overcompensated for everything else.
Anyways, I'm not trying to give anyone some Hopium.
Just a big homie sharing some war stories.
Just a big homie sharing some war stories.
Loading suggestions...