Don't be a pawn in their game

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People tend to buy crypto during a bull market because they want to follow the trend. One common phrase used by investors during a bull market is "The market is going up, and I want to join now to make a lot of money." This mindset is not limited to short-term investors, as even long-term investors believe that the best time to invest in crypto is when the market is on an upward trend. While there is nothing inherently wrong with this approach, it can be risky if our sole motivation is driven by greed or the fear of missing out. In such cases, we may end up losing our investments unless we can weather the market's fluctuations until the next cycle.

while you patiently wait for the next bull run in the crypto market, it is important to note that not all cryptocurrencies make it to the next bull run, as some may not be able to withstand a bearish market. It is essential to understand that everyone joins the market for different reasons and plays different games. For instance, some people prefer to play long-term games, while others opt for short-term games. Additionally, some people engage in day trading, which can trigger the market to go up. However, it is crucial to be cautious when jumping into the market just because the coin has increased in price. This is because others may have a different game plan and may sell instantly, leading to a potential loss for those who have a long-term gain in mind.

We are all playing a different game

Let's take the example of Hive to illustrate the various approaches of investors towards powering down. Some never power down, while others do so every chance they get. Some wait for a certain price to click the power-down button, and some plan to sell all their assets when a specific price is reached. On the other hand, some investors will never sell their assets on Hive, except in cases of emergencies. In such a scenario, no one is right or wrong in their investment strategy. We all have different reasons for investing and play different games. So, if you invest just because the price of a coin is increasing, you might fall prey to those who are willing to hold their coins and wait for the right time to sell. Consequently, you may end up losing all your money if you hold a coin that might not reach that high again, even in another bull market.

There is a person on Hive who holds more than 30,000 liquid hive tokens in his wallet. It seems likely that he plans to sell them when the token's price reaches a certain level, While some may argue that this goes against the idea of investing in a project together and holding for the long term, I don't see it as a negative thing. We all have different investment strategies and goals, and it's important to respect that. It's also worth noting that some people may choose to sell when they believe the price has peaked, and that's their prerogative. Ultimately, everyone has the right to do what they want with their own money.

Don't be a pawn in their game

It is essential that when we are investing, we always do our research to know when to buy or sell. Simply because the price of a token may be low and still overpriced and the price of a token may be high and still undervalued. When you do your research and understand how a project works, you will understand when to buy and even when to sell at the peak of the market. But if you invest without understanding or buying because of fear and greed, you may end up being a pawn in another person's game, and that is why we have weak hands, those people who buy when they're supposed to be selling and sell when they're supposed to be buying.

It is true that individuals have their own motives for selling, and it may not be understandable to others. However, when it comes to investments, nobody is irrational. The key is to not be distracted by what other investors are doing, but to stay committed to your own strategy and execute it effectively. This is where many people get it wrong by becoming too preoccupied with the actions of others instead of focusing on their own decisions and timing them correctly.

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Thanks for your time.

Posted Using InLeo Alpha