When to sell the chips in hand? | Q&A

1. When to sell the chips in hand now?

Recently, many readers have been asking when to sell the chips they have in hand.

The reason many readers have this question might be that both Bitcoin and Ethereum have seen significant increases recently, and even the pullbacks have not been large. Therefore, some readers wonder if a bull market has arrived, and then start considering when to cash out.

According to my very strict standards for a bull market, I still do not believe that we are in a bull market now; at most, there are just some signs.

Ethereum has not even broken through its previous high;

Bitcoin rushed past $69,000 but couldn't hold its ground before coming down;

The KOLs online have not yet started to show off their "get rich quick" screenshots in bulk;

The entire crypto ecosystem has not shown a flourishing situation across various fields;

Traditional media has not yet widely and indiscriminately spread news like "XXX exceeds XXX dollars/RMB";

I have not yet heard anyone in the company elevator talking about: "XXX is doing so well now, my XXX friend just got rich from this…";

Authoritative institutions have not yet used large headlines to remind the uninformed public to pay attention to CX risks, and that XX assets are definitely not formal investment channels;

Considering these phenomena, I think it is more important for everyone to calmly observe the projects and continue learning.

2. Should I hold or sell STRK?

In this round of airdrops, I have not sold any of the airdrop coins (including STRK) that I received so far. I will hold them until the bull market approaches a frenzy, and only then will I start selling Bitcoin and Ethereum.

First of all, it is not yet a bull market, and these new airdrop coins are likely to be speculated on in the upcoming bull market, so I believe they will have potential in the future. Since there is potential, I will just stay on the ride and follow the trend.

As for the pullbacks or fluctuations during this process, that is very normal, but I will not trade back and forth for the price differences caused by these pullbacks or fluctuations: first, I am not good at swing trading at all; second, losing chips that may have potential in the future for a small profit would be a big loss.

Secondly, these coins, especially some ecosystem coins, are very likely to have other projects airdropping to their holders in the future; they could be golden shovels.

So for these coins, I will not sell. I will participate in staking whenever possible, but I will control the proportion of my participation; I will not participate in staking entirely.

3. Is it safe to stake ETH on LIDO?

I apply the same approach to all staking coins: no matter how safe the staking projects look, how strong their backgrounds are, or how impressive their teams are, I only stake a portion.

I treat ETH the same way, and I am even more conservative; I stake less than one-fifth of my ETH.

4. Can I still buy XXX coin now?

Sometimes I will specifically introduce certain projects in my articles. The fundamental purpose of introducing those projects is to encourage readers to pay attention to the ecosystem or track that the project belongs to, as the latest developments of that project may indicate that there are some unusual signs emerging in that ecosystem or track. By observing that project, we can anticipate what might happen next in that ecosystem or track.

However, it seems that more readers are concerned about whether the token of the project I introduced is worth buying?

In fact, I have written many times in my articles about whether a token is worth buying; there are two points to consider when buying a coin:

First, whether the project itself is good, and second, whether the price is good.

A good project with a price that is too high is also not acceptable.

Among the projects I introduced, I have bought some tokens and not bought others.

Additionally, whether to buy a coin also relates to each person's risk tolerance. For example, I am particularly interested in novel things, and sometimes as long as the price is not too high, I will buy some, but the price I buy at may be too risky for other investors, making it not suitable for them.

Therefore, this type of question ultimately needs to be assessed by readers based on their own situations.