Are your bags outperforming Bitcoin? In crypto we have a tendency to get married to our bags, and become community members rather than ever selling a position you are down on. The best advice I've seen recently is to pretend you were buying your positions today, be honest with yourself, would you buy the same bags?

If not, that means it's time to sell and buy something else. Instead of waiting and praying your bags go back up, reallocate that capital into something better. Even if you are down 90%, it's much better to take that remaining 10% and put it into a better performing coin.

There are so many opportunities every day in crypto, so the opportunity cost of holding on to dying coins is very high. The tricky thing is even dead or dying projects will pump occasionally and give people false hope that their bags are back, but then they will continue down.

Another important thing to consider is if you are outperforming Bitcoin or not by holding other assets. The USD price chart might look great, but if you can't outperform BTC there is no point in holding. The whole point is to stack as many sats as possible, after you pay your bills and shit, put your profits into BTC. This isn't financial advice I have no idea wtf I am talking about.

#investing #trading #bitcoin