0 Anonymous Asked: May 1, 2019In: Cryptocurrency When to sell a cryptocurrency? 0 Share Facebook 1 Answer Voted Oldest Recent Dawud Afzal Added an answer on May 1, 2019 at 7:14 pm Before Steem I was all in an another altcoin and really excited about it. When I first bought the price was low and made payments to me every week just for holding it. As I tried to participate in the community over the next several months, I was consistently met with a mix of excitement and hostility. When I began talking openly about this, the negative emotions won over in the community and in me. Originally I had invested and been happy to hold no matter what the price which quickly went up after I bought it. After months of frustration in trying to be of service in helping that cryptocurrency grow, I suddenly found myself staring at the price charts with fear. I was back to only seeing the currency as a way to make money and I knew it was time to exit because I now no longer cared if I missed out on the profits from a price increase while having the price go down had become completely unacceptable. I sold everything just before the price doubled again but still made 7 dollars for every dollar I invested. In other words, when the digital currency became a means to an end of making money instead of an investment I was excited about, I sold it because why have my money tied up in something I no longer care about? I used about one third of what I sold to invest in Steem and am extremely grateful for this experience today because I learned how to make a graceful exit. Could I have made more money by holding the other currency longer? Sure. Is the point of investing purely to make money? No because the point of investing is to use money to do some good in the world and if there is no joy from investing, there is no good in it either. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.