Post
Topic
Board Speculation (Altcoins)
Topic OP
I feel that I screwed the pooch on the best crypto boom we'll ever get
by
cloudmountain
on 14/06/2017, 22:49:00 UTC
The last 3 months were absolutely incredible for altcoins, but I feel that I missed out for the most part. Sure, I've made some profit since March, but when you look at how much the altcoin market grew, from $4 billion in March to $65 billion today, my profits were way below that proportion. My biggest mistake was holding onto Litecoin too long after Segwit activation, and letting my investment stagnate while the rest of the crypto market rocketed upwards. Huge, huge opportunity cost in hindsight.

I guess I also should've diversified.

The way I see it is that I'm sure the crypto market will continue to grow, but percentagewise, it won't be the same. Going from $65B to, say, $200B is much less of a boom percentagewise than going from 4 to 65. In other words, I don't know if the altcoin market will ever grow 1500% in 3 months ever again.

Is my thinking too pessimistic? Am I beating myself up too much?