In the world of investing, one of the hardest things to do is admit when you’re holding onto a losing asset. On platforms like Binance Square, I often see posts urging people to "Hold on! This crypto will bounce back!"—especially regarding popular tokens like $SHIB and $FLOKI.
But here’s the tough truth: those telling you to hold indefinitely don’t know any more than you do. Often, these are people who bought in during hype cycles and are now trying to convince themselves that their investments will recover.
The idea that "If I haven’t sold, I haven’t lost" is a dangerous mindset. If you see that an investment is failing and likely to keep declining, it’s unwise to hold onto it just because it’s at a loss. The market is full of opportunities, and sticking with a sinking asset might cause you to miss out on better ones.
Think of it like this: If you own a property earning 10% annually but find another offering a 30% return, would you keep the underperforming one just because you’ve invested in it? Holding onto a bad investment out of stubbornness is not only unproductive but also a missed opportunity for better gains. Recognize the mistake, learn from it, and move on.
This is just my personal opinion, but if you found it helpful, please like, comment, and share. Your support means a lot, and it helps me continue to share insights on the crypto market. Tips are also appreciated and help sustain these efforts. Thanks to all who contribute.
#BinanceBlockchainWeek #LowestCPI2021 #CryptoMarketMoves #PowellAtJacksonHole #BlackRockETHOptions