HODL: Impulsive decisions lead to miss-out feelings

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I have been spending less time in space because of busy schedule & more because of laziness. I do peak on hive stuff daily & do some upvotes etc. but not much. Yesterday I made two decisions which were just quick based on impulse without thinking/researching much on them. I just thought I had to do it and did it. But these didn't cost me much, conversely I still ended up on positive side, or a minor loss feeling. But this teaches me to be patient & to HODL for the times to come.

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DOGE

During the last doge pump to around 8centsand then consolidating around 4-5 cents, I was able to grab 250 DOGE for around 12-13$. My main aim then was to HODL them no matter what happens. HODL them if price sink or rises. It's been a while after that. Yesterday DOGE pumped & as of now it is trading for 38 cents, which is almost an 8x move from where I bought in. But the story is I already sold them for 32$ worth BTC at 13-14 cents. Yes, I forgot for what I was in. What happened was, after doge pump to 10 cents and then to 14 cents, a thought came in my mind to sell of and may be buy again if it hits 10 cents. this way I would end up in some profit & still holding 250 DOGE.

So, After few hours of selling it showed a 100% move to 27 cents and now trading at 38 cents. The point is I did sell it for price I buy in but I deceived myself from the aim I initially had to HODL them for years no matter what happens. I don't know much about DOGE except, it's a bitcoin fork, a meme token with enough supply and can be used as a currency. This decision made me think that we should always write & remember what was our initial goal when we first came in. If we stay from it, we may feel good for sometime to gain something, but the loss is more bigger when we realize.

BTC

This is my 2nd mistake, previous one was selling UNISWAP & I no longer have it now. The other decision was buy hive immediately with btc because on wallet it showed hive price of 65 cents and on binance it was 60 cents and I was sure it is going to pump. The triangle was a descending one, means higher chance of price going down but still I bought in. It's not much though I should stop myself being impulsive to make some quick money. I'm not a trader and I don't do that but sometimes in frustration of work and just trying out something I act quickly which proves otherwise. I should better control it so it doesn;t affect my life much.

HODLing

What I'm still holding is RUNE I bought in at 4$ & didn't reacted on it price action. I didn't know much about it either but read many posts about it on @leofinance & seeing @khaleelkazi hodling it, i just bought 10 as I can afford that much only. It recently touched to 16.5$ & as of now trading above 14$. I won't be acting impulsively here but to HODL & HODL. The multi chaos net is really an amazing tool to swap various coins & more are coming.

HODL

Posted Using LeoFinance Beta



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1 comments
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(Edited)

Honestly, You have presented the issues very nicely, I like it👍

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