I made ~10x on BTT today and sold it, here’s why.
Firstly a little bit of story. I was waiting for the psychological barrier of .01 to be surpassed, it actualy did while I was playing some wild rift, as soon as I ended the match I was like, "let me check it one more time, maybe it mooned", and it in fact did.
I don't know why it did, I actualy believe it was a GREAT token to hold, and was very hopeful it would reach 0.01 in maybe a year or two, and it was indeed my initial goal for it.
But my goal came in less than 4 months, and I sold, probably with 0 regrets even if it 10 20 100x after that.
Now for why I sold :
- It does have real use cases, but no real useful use cases so far. I don't care about my torrents downloading faster. I would never use a single token for it, but I had hope it would become something better.
- The chart is looking crazy, I personally WOULD NOT enter BTT right now, and to me, not entering is a very good reason to get out, it's just logical.
- I have very little understanding of crypto in general, but I do know how to look at a top 10 chart at coinmarketcap and realize something is wrong, when a token that was barely being mentioned suddenly jumps to top 8 and apparently no one can explain precisely why, it's time to sell.
- And last but not least, a good old wise man said. "Be fearful when others are greedy, and be greedy when others are fearful."
Anyone is welcome to change my mind or explain why BTT mooned, and even if someone does, I reached my goal and can make peace with it.
submitted by /u/sakaloko
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