Topic: UNREALIZED PROFIT IS TECHNICALLY NOT YOUR MONEY (Read 120 times)

I always tell my friends who are going to invest in Cryptocurrency how risky it is and this is not for a faint in heart, before investing in Cryptocurrency you must learn to assess yourself and your friends as well, we should not let friends who have a suicidal tendency to invest in Cryptocurrency and educate them about the reality of investing in Cryptocurrency, investing in Cryptocurrency can change your life but that is if you developed insight and technical know-how on how the market works.

Things would have just be better around me this December if I've took some profits but honestly I don't know what came over me, I was the type that normal take profits no matter what and never regretted my decisions but this time around I was just staring at the profit instead of securely taking them, lost too much with this but it's not the end life goes on

Thats a better plan actually. Not all should chase those crazy pump. Must have patience when everything is in rough position. When the market is all green, remember to take profit since its not a crystal ball that tells you to hold your coin forever, it could go sideways and sometime market crashes. That's why Ive always take extra measures when doing some trade, once it's green I am not gonna force to ape even its really apeable.

You've stated the obvious and I dare to say that your advice is applicable to all cryptocurrency although some can argue that.
The market is so volatile such that any news in USA, EU, Russia, or China can cause a sharp swing. It is a good thing to Hodl a good coin but knowing when to take out your capital is also very important unless you are not in crypto for the money.

This would be a great advice for anyone who invests in to smaller and more riskier coins but when you are holding bitcoin since it was under 10k, it is not technically a very solid advice. I mean what is going to happen, bitcoin to drop under 10k? I doubt that, it looks like 100k is more possible than 10k at this point.

This is why if you are holding shiba or something like that then I agree that take your profit whenever you can and get out, but if you are holding bitcoin or eth and you are just in a slight loss, you will be in profit later, if you are in profit then you are going to be in an even bigger profit later on, all you have to do is wait a right amount of time.

You can make a profit from investing however you are also exposed to a loss. You should know very well how the cryptocurrency market works, you are supposed to learn the rules that you can apply while trading. If you lose, you can come back with another strategy and apply it better. It depends on how much experience you have in this field!!

As long as you have not been cutlosing your investment and you will have another chance to see it will increase again but the problem is unrealized profit related to the people who didn't wanna take profit from what they were holding in the market. That's why some people prefer to keep their tokens outside from the market, As long as people didn't take profit and their unrealized profit can decrease anytime following the price of token.
This is how important profit taking to realize the profit that we have got it from the market.

Perhaps the year 2022 is the year for building more axie scholarship, learning the technicalities of trading until I can make it into a lifelong career as well as investment portfolio diversification.

I know this is kinda dumb because I re-invest all the unrealized profit in order to scale the scholarship program up until the recent updates that leads to difficulty in reaching the ROI. The axie upgrades for your scholars just to keep up with the competitive scene is just so overwhelming but I guess even though I didn't took a single cent, helping those people is still very rewarding.

These are people who play what they can't afford to lose, they have been deceived that you can make money from gambling from using a so-called proven technique, which turns out to be false and propagated by deceptive gamblers, I have one friend who was enticed to gamble because he can recover all his losses by doubling up his bet, we all know that if you do not have a big bankroll you will be busted by this strategy.

I really don't understand crypto investors who thinks of suicide just because they lost money here.

I mean we can all recover from a devastating lost and it's not the solution, to end everything.

So I would advise anyone that to take your life, just think of your love ones and also think that you can make a recovery and bounce back in trading and you will recoup what you have lost and win more.

This is the best part of your long post you only need a few good projects to regain your losses, the industry is still young and there are still great projects coming and there are also a lot of surprises, who would have imagined Dogecoin will start the meme trend, you really can't give up on projects that you think will be out in a few years just like what happened to Dogecoin, right now the community is hype on NFT, so dig deep and find the right NFT to invest.

It's caused by you have been thinking the price of your meme token can go even higher than it but that's totally wrong. We know that the history of meme token and the meme token can't sustain for long term even when that was happening. That being said that it's not suitable anymore to be used as long term investment.
So unrealized profit is people must aware if it can make them all to lose their money caused by they didn't take profit from their investment when it was getting pumped.

This mistake has been doin by so many newbies in the market and they have been expecting their portfolios will be going up forever and they can become the next millionaires only in a short time.

Same here, I just put it all in Bitcoin and I would say it's all good despite the fact that it will downward spiral after hitting all time high. And still going to continue to hold as long as I can, maybe take a fraction if needed.

As for the Shiba and other meme coins, I'm also late so didn't get in and I don't want to stress myself with all this meme coins so I'm just happy with my Bitcoin investments so far.

Merry Christmas to you too.
I took all my profits for this year and put it all in Bitcoin while it's still cheap. Yes, some may say it is not yet profit because it is still not cash but for me it's different. As long as I can hoard more Bitcoin in every process/service that I do then I consider it a winning situation.
It may not be cash but it's an asset that most investor would look out to buy even for the next 10 years.

Didn't ride that Shiba craze but this NFT trend had done a lot of good things to me. Most of my investments where lucky enough to be double and tripled. This year is something to remember.

it usually happens to any new projects in the market wherein they making hypes at the start up but after all they always end up like nothing. That's why it always a common suggestion to dump profits while you have it because crypto is so volatile and there are some manipulators. If you leave it and you don't know when you will gonna sell off, for sure there's always a chance of losses after all. Always set target that's what other holders doing wherein in order to save their profits from manipulation in the market because indeed that's the only way.

And the same: not realised losses if you don't sell your tokens or coins.

Thanks to this advise, and I would say that experience is a best teacher still. If you have undergone this kind of involvement in 2017 and see it again happening this year, for sure you will know how to take profits and not to be greedy and thinks that the price will go on parabolic rise. That is not the case, and not that the bear market is around the corner, it's better to plan ahead, including mitigating your risk and taking home big profits if you still can.

I lost 13000$ to a meme coin this year and that's because I watched the profit without taking it, I thought it's actually the beginning but not knowing it's actually the end, like you said it's not the end and I've learnt my lesson next time I will take profit, merry Xmas in advance

Merry Chrismax guys, as we match towards a new year, it's important to set targets and have priorities. 2021 has been a blessed year for crypto traders who knew what they were really doing. It has been a great year of $Meme coin profit and loss and equally a year of Defi consolidation, NFT, games and the newest Metaverse.

While it's good to open one's self up for a new technological disruption, and take some stalk in the new wine because technological advancement is dynamic itself. It's sacrosanct we tame our greed level to avoid loosing every single profit back to the market. You need to have a dedicated stable coin wallet preferably a hardware wallet with an intention of savings for the raining day, only the moon boys think the market must go up forever without a sanity of retracement and correction. In a group I belong to, we saw some members loss all their funds to the dumping market because of greed, some of us who had saved for a day of such, decided to alleviate their pains by making some contributions to them, apparently they lack money management skill. Some persons have taken into full time futures trading loosing all they gained from spot trading and longterm holdings. All these were born out of greed without any plan for the evil day. Like I love doing, I recently mentored some people from different crypto community on how bounty works because they were misled by their supposed mentored, to just see how they may start from scratch again. I had to personally gather some friends who ran from the brutal bear of 2018/2019 and mentor them again in 2020, today they are better off.

Taking profit in parts without selling all positions is okay, and diversifying one's portfolio is technical management, not chasing every pump is a smart money strategy, having an exit plan is a self discipline and conclusively, patient is a vital part of crypto investment.

If you failed because of your 2021 strategy, don't lose hope, the best is yet to come, a single dollar investment in the right project could change your life forever. Shiba Inu and Safemoon tokens did it for early bird. Don't take to suicide, crypto is still advancing and if you are reading this, you are still early.

Season Greetings.