Agreed.
I took profits at pre-defined levels throughout last year and sold a chunk of my ETH.
For me, the risk/reward ratio is much better with spot trading or limit buys and limit sells.
Mistiming the previous dip and buying at 2000 or 2100 instead of 1600 is still much better than holding all the way from near 5K and missing all those potential moves.
Same with BTC, better than holding all the way from 120k when fresh buys could be made, even at 80k would be better than simply holding everything.
That’s hindsight vision. Last year, when ETH almost hit $5K, I figured it was still going to $10K before topping out, so I held back from selling anything. Then 10/10 happened, and we were back to round-tripping this bitch.
I did sell BNB close to the top, and I also sold some ZEC recently. But I held onto ETH, not realizing it was going to suffer a third-cycle curse like XRP.
Ethereum’s marketing has also been terrible. The EF doesn’t seem interested in marketing ETH as an asset, so they’ve now started new foundations to help close that gap. I just wish I had paid closer attention to all of this and been more skeptical of ETH. If I had, I probably would have dumped it at $4.5K one of the many times it got there over the past five years.
The moral of the story: be skeptical of what you hold. Date it, don’t marry it, and try to sell when you think it’s near the top.
Of course, knowing my luck, I’ll sell ETH at $7K and that’ll be the exact moment it starts ripping to $20K. So I’m not going to sell all of it. I’ll probably sell in 10% batches and leave 40–50% on the table.
And the reality is, the dollar itself is a complete shitcoin. How do we know it won’t eventually collapse and make $10K ETH look meaningless?
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