My father used to say: With socks, not even to church because they kneel down too soon.
That phrase from my father is a gem of popular wisdom; it has an impressive load of pragmatism. I have been thinking a lot about my father's phrase and I relate and apply it to the world of cryptocurrencies, especially with assets as volatile and emotional as Pepe, I hit the nail on the head about market psychology.
I think about that sock-like behavior of the "pseudo traders" who sell #Pepe too soon, it reflects several fundamental deficiencies in the investment mindset:
1. Lack of "Iron Conviction"
Many enter projects like Pepe for the hype (the trend), but without an analysis or their own thesis. Without a solid "why", any lateral movement or a small red candle scares them. As my father says, they "kneel down" too soon, because they can't withstand the pressure of the uncertain.
2. The Bias of Immediate Gratification
We live in a culture of quick dopamine. Many prefer to secure a small gain today (which might only be enough for a dinner) rather than having the discipline to wait for the life-changing elimination of several zeros. They don't understand that real wealth in memecoins is built with strategic patience.
3. Trading from Fear (Paper Hands)
Selling too soon is often a reaction to the fear of losing what has been gained, rather than an execution of a smart exit plan. Professional traders operate with profit-taking levels; the "sock-like" traders operate out of panic or anxiety.
4. Absence of Macro Vision
For a coin to lose zeros, it requires time, community, and supply burn. Those who sell prematurely are looking at the 15-minute chart, while the investor with vision (like us) is looking at the potential of the complete cycle.
We will continue to rise until we lose several zeros.
My recommendation: Keep buying and accumulating