/biz/ - Business & Finance

And I no longer feel inclined to check my portfolio all of the sudden. It's like the anxiety just vanished out of thin air.

For anyone constantly checking their portfolio everyday like a sickness, I'd recommend doing what I just did in cashing out a small amount so you have a nice cash cushion to enjoy your life for some months or a year or so. It'll make a much bigger difference than you think it will with your portfolio anxiety.

I've been in your shoes before, especially in regards to both depression and crypto panic selling (aka selling the bottom). Here's some tips I've used to remedy my issues, although the issues are still there, it's not nearly as bad as it used to be for me:
> For the depression part, I'd suggest walking at least 3 miles EVERY DAY in the sunshine, you'll get your body moving and you'll absorb vital vitamin D you'll need to feel better and alleviate your depression
> As for panic selling the bottom, I've figured this often happens when I'm way overexposed to a particular alt, specifically when it for some reason does say a -10%, while bitcoin and the rest of the crypto market does a +5% (this causes an instinctive panic into thinking that particular alt will go to zero while the market races ahead of you and leaves you behind). I'd suggest selling half to 75% of your overexposed alt so you just have a moonbag remaining, and put your sell money into a higher cap project you believe in. Therefore, the random green and red won't scare you nearly as much anymore.
> This is completely against biz's advice but there's an old saying to never listen to biz anyways. That piece of advice is DIVERSIFY! The simple fact of the matter is that crypto is purely speculative gambling, no matter how nifty the tech is. You want to spread your eggs around into multiple baskets, so if one moons say 5-10x, immediately sell that bag and merge it into a higher cap bag. Rinse and repeat until the end of the bull cycle when everyone is suddenly euphoric about bitcoin again and start seeing stadiums named "coinbase arena", or bitcoin ladies' dinners, you get the idea.

I know that was long AF, but read those points multiple times and you'll get the idea. Hope you get better soon anon.

Even when it's for a meagre 10-20% profit? And no, I'm not talking about 20% profits on a $50 investment - I'm talking about a few grand there and there.

I just offloaded a couple of shitcoins I re-examined and figured there was shit I hated about them. Sold them into Eth today (one for 10% profit and another about 25% profit) and I feel extremely relieved and relaxed. Any psychological explanation for this phenomenon, anons?

I'm talking specifically to those who post here with literally 10 to 15 to 20+ different cryptos in their shitfolios.

Go through your whole portfolio, and consolidate - aka go through your shitcoins, and ask yourself, "what do I hate about this project?" Think about the team, tokenomics, socials, etc. - find any reason NOT to hold the particular shitcoin in your portfolio. I promise you can reduce and consolidate down to 5 different cryptos AT MOST, and you'll breathe a sigh of relief afterwards. Remember that overdiversification is the number one reason many around here never make it, as greed overtakes you and your overdiversification dumps on you before you can cash out.

You're welcome.

Don't beat yourself up anon, we all come to realizations about the market eventually. It's actually much better that you fomo now vs fomoing in a few months from now. We're currently in the disbelief stage of the cycle, we're still seeing signs of this today for those who wish to dispute me ie bear market ptsd holders panic selling at 1.5x profit.

OP, since you bridged over to the SOL network, now would be a good time to research the low caps within the eco system so you can be 50% sol and 50% sol shitcoins for maximum profit potential.

Oh and one more thing, ignore the bears. Even if we were to crash immediately, go ahead and make money elsewhere and buy the crash, you'll win in the long run. Bears are just here for their crabs in a bucket mentality, remember that misery loves company.

Every time it dips below .00002, I've been adding in 100m increments. If it dips below .00001, I'll simply add in 200m increments. We all know it's the premier memecoin of this cycle, but why did everyone on this board buy the local top like a bunch of fomoing idiots? I know many will respond to this post calling me the idiot, but I'll remind you again that I didn't buy the top like all of you did. I'd suggest the rest of you follow my same strategy.

If it rugs in the end, then I got several other large holdings in my folio + some btc, so meh.

Simply roll your 25-50%+ profits into a new fomo alt, and you can't really lose. Also, keep some bitcoin to track the market - if all of your alts nuke, simply sell the btc, write off the tax loss, then use that cash to buy the bottom of each alt.

You're welcome.

I love this picture so much bros I wish u all the best. We gon make it.

Because 2.88 was the absolute bottom. See you at 200+ 2025..