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Great day to be holding winning names (Patreon)

Published:
2022-03-24 19:40:27
Imported:
2022-04

Content

Hope everyone is doing ok out there. 

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Anonymous

I have a specific question I would like to ask from fellow members. I got into crypto a few months back. I was stupid enough to believe in launchpads and invested in Seedify when it was around 8 USD. What I received as IGO tokens is not even mentionable. Now I lost almost half of my money. Smaller investment amount rests in hopefully the "good" stuff: BTC, ETH, LUNA, etc. I am stuck with this SFUND and I'm trying to figure out which would be the best option: wait for it and hope it will get back to 8 USD so I can sell then with "no loss" and get into another normal investment. Or sell it NOW with 47% loss and buy BTC etc. instead. I am trying to be very cautious now as I already learned my lesson the hard way. Any advice? Thanks!

Anonymous
>>80526006

When your horse develops lameness, it is less costly to get rid of it... (not financial advice) SFUNDUS is 290% from it's all time high, so it's pretty lame IMO.

Anonymous

Really depends on what your financial situation and investment goals are. There's not a "right" answer because no one can predict the future. If you're hard up for cash you could sell SFUND but that just means you've accepted the loss and really the only benefit is that you free up some cash and possibly can do some tax loss harvesting. On the other hand if you flip it into another crypto, you then have to ask yourself how long do you intend to hold it? Are you going to hold it longer than you held SFUND, and what's your plan if the price goes down? Even the "good" stuff prices can go down. There's a lot of hype and chatter about the return of the bulls, but BTC still hasn't closed above 45K since Jan 4, and it drives practically every other crypto. You also have to ask yourself if you believe long term in SFUND. Did you buy it for a long term hold, or a quick flip, or to use it in launchpads? And then of course what would you do if you swapped it for BTC and then BTC and all crypto goes on a massive pump and you gain 50%, but SFUND pulls something like a 4X? I'd look further into SFUND and see if they have upcoming events on their roadmap, if they're actually working on stuff, look at social sentiment etc. before deciding to let it go. Best of luck!!