Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.
13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.
Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.
I think youre not the one who experience that very unfortunate incident a kind of failure that should never happen again. In the 2018 bearished period most of my holdings are decreased in value by almost half, thats why out of my panic state of mind, i was sell all of it with just 50% of its original price value, im was hoping that i will save some of my money, and luckily my instinct was true the price of those coins/token was dip further. in the following month, thats why im always consider my personal experience before doing any decision. Hodling and trading are both risky so we better take a precautionary measures for our own good!
Its pathetic to see you lost almost 70% of your investment. I lost very huge but now, I struggle to take my stand and don't wanna be a victim anymore. I'm thinking just do a little day trading with Dx for a test cos it seems the token does quite well as my friends on whatsapp tell it.
Remove that mentality that it could be you who will be the next millionaire by just investing spare amount of your money. It won't happen again, I'm sorry about that but if you can invest then sure invest to bitcoin or any known coins. I don't know about that coin you've invested and I think it's gonna be hard for you to recover if you will put your hope in it. Long term is good if you have the best coin such as bitcoin and I've been looking forward to that day that I can have one good story to tell.
I have ignored the mentality. Bitcoin is cool but to me, i see it that it is meant for thee whales as they control it. I buy more DX, AWC, and BNB cos they seem doing quite well. I believe you will have good story to tell if you also believe you will and work towards it.