From profit to loss, because of greed
This happened on the early January of this year 2018. At that time, i was very happy when i checked my portfolio, well i assumed that i am not the only one happy that time as many traders are having a mutual feeling as mine because of their gains. My portfolio was already having around 10,000 US dollars because of PAC Coin, i couldn't remember anymore how much I've invested that time. I was thinking already on buying a house, new gadgets etc., then greed came into me. I didn't want to liquidate the money as i was expecting that it will be around 20,000 US dollars in a few days, but i was wrong, as how fast the price came up, that's also how the price went down. I regret it, but i already moved on and i learned from it a lot. So the next time i'll be having that once in a lifetime opportunity again, i'll be grabbing it right away. So guys, if you already have that same opportunity, grab it right away, don't be controlled by greed.
I think it isn't as simple as that. There's a few ways to make money. Taking profit quick on PAC Coin would of been wise because that looked like a pump and dump. I think the people that make the most money buy cheap and hold for years. That only works with good coins. People that bought Steem this time last year have around 13x there investment now. Who knows how much more that could be this time next year?
yah that's correct, but i'm still holding some of it as i believe on their team and their goals as a crypto currency :).