As of this post, the price of $WSB is $0.063 with a total Market Cap of $63M: Check $WSB Price
It will be interesting to look back at this post in, say, 6 months, 1 year, or 5 years and see what the price is then. I’m fairly certain someone who sold their tokens will regret it and those who hesitated to get into $WSB will wish they had.
Emotions (and the psychology behind it) are a powerful thing and one reason why many fail at trading in any market (stocks, crypto, forex, derivatives, futures, etc.). For some lessons on this topic, see the below material from Mark Douglas. These are excellent and well worth your time:
I want to go into some reasons why I don’t particularly care what the price of $WSB is, and why I (for the most part) don’t check on it on a regular basis.
There are a few factors going “against” us, on the price of $WSB. The biggest one is probably the fact that the supply is increasing while the demand has likely either stayed the same or is decreasing (due to impatience and lack of proper understanding). Keep in mind that this is not a pump-and-dump. The fact that there has been what some would call a “lack” of marketing would be because there isn’t really anything to actually market yet! There are some very, very promising ideas (ETPs) behind the token but nothing actually to speak of (yet). Although we may be farming with some great returns right now, remember that this is NOT really a farming token - it’s just how the developers have decided to distribute the initial supply of 1B tokens. Take advantage of the juicy farming returns while we have them (only for a few more months).
Side note - don’t try to day-trade unless you are very confident in what you’re doing and looking for short-term plays. It’s hard to time the market correctly and will more often than not buy higher than you sell.
In my opinion, it only makes sense for the token to eventually be worth maybe 10x or even 100x more than it currently is. We’re really very early on the timeline of this thing. See more: The Potential for Long-term Passive Income?
If you’re in this for the long-term and say you believe in its future then be a “Diamond Hand” and “HODL” like you actually believe it. If you believe in the fundamentals and the future of this project, then why let the current (or future) price worry you?
P.S. I’ll admit that it certainly helps to have this positive attitude about the current price when my average price is around $0.056 thanks to the generous farming returns. Regardless, I’m positive I’d stay in it even if the price of $WSB falls below my average price.