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Esignal cryptocurrency | Our emotions may cause us to insist that we made a right choice, but that risks holding on to under-performing cryptocurrencies for too long while better opportunities slip by. Nothing is more frustrating than seeing your unrealised profits decline into losses, so it is important to realise your profits, which is also crucial for� Maximising profits Having a crypto exit strategy also helps you capitalise on new or better opportunities, enabling you to enjoy greater gains. It determines your responses to the price changes of your investment, and it can also include a plan for non-price changes, such as the introduction of new regulations, or even personal events or motivations like being able to afford a bigger house. The crypto market lives and dies by the news cycle. If your crypto investment is doing well, you might still want to realise your profits and use the earnings to invest in better-performing crypto assets. This means that there isn't a centralized server that processes and records every transaction. |
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