The author talks about their plan for investing in Hbar and their fears about the next bull run in the cryptocurrency market. They mention that the market cap for Hbar doesn’t necessarily reflect its potential use cases and that they currently hold over a million Hbar coins. They express concern about getting greedy during the next bull run and struggling to sell their coins at their target price. They also debate the idea of never selling Hbar and just holding it for the long term, but acknowledge the risk of a market crash. The author seeks feedback on their plan and asks for thoughts on Hbar positions in the comments.
What to Do with Your Hbar Investments?
As an early investor in Hbar, it is highly probable that the value of your investment has multiplied several times. However, with the constant fluctuations in the cryptocurrency market, it is essential to have a solid plan for your investments. In this article, we will discuss some of the things to consider regarding Hbar investments.
Use Case Potential vs. Market Cap
When investing in cryptocurrencies, it is essential to look beyond the market cap of a coin. Market cap only tells part of the story and does not factor in the coin’s use case potential. For instance, Dogecoin’s market cap reflects its popularity as a meme coin, but coins like Hbar have considerable use case potential. Therefore, it is essential to consider a coin’s potential when making investment decisions.
Next Bull Run Fears
Investors are always conscious of the next bull run’s timing and the potential value of their investments. However, the fear of missing out (FOMO) can be detrimental. FOMO can lead to investors being greedy, causing them to hold on to their coins for too long. Thus, it is vital to have a plan and stick to it, even when emotions and FOMO begin to creep in.
Long-term Play vs. Short-term Gains
Holding on to an investment long-term may appear to be the best option. However, it is essential to consider the potential risks involved. One such risk is investing in a coin that may become obsolete within a short time. Therefore, it is crucial to strike a balance between long-term gains and short-term gains.
Investing in Hbar or any other cryptocurrency requires a solid plan that considers the coin’s potential, long-term gains, and short-term gains. Additionally, investors need to strike a balance between holding their investments and cashing out at the right time. With careful considerations and a solid plan, investors can ensure that their Hbar investments offer substantial returns over time.