I’d like to keep things simple. Hold or not hold. Drop to zero or hold until massive appreciation. I’m not saying short term strategy is wrong. But keeping it simple at least my payoffs and strategy are clear and defined. Lose 1x, or win 20x plus. Don’t forget the “plus”. Of course everybody’s minimum sell point is different. Some start selling at 1x, some start selling at 5x. No right or wrong answer. But if it was a fair bet, you don’t buy an asset expecting a 1x loss if only for a 30% return. Might as well go to the casino.
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I’d like to keep things simple. Hold or not hold. Drop to zero...
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