"Now I buy cryptocurrencies because they are cheap – I invest when others are afraid. Later I will start selling when prices rise – but that is the harder part, as it requires patience, cool-headedness, and a sense of timing. Buying is a decision, selling is a strategy."
This thinking aligns with the classic investment principle: "Buy when there is fear. Sell when there is euphoria."
Buying low is a logical and courageous step. But selling requires more:
discipline,
resistance to greed,
and the ability to control emotions.
Selling is the moment when not only the strategy is tested, but also the character of the investor.