Post
Topic
Board Altcoin Discussion
Re: Lost basically my entire investment last night doing something very stupid...
by
blur_revision
on 02/11/2017, 22:17:28 UTC
Man, every one of those things sounds like what I've gone through in my few months investing in crypto, albeit on a scale of about 1/3 of yours. Lost a bunch trying to day trade and chase coins that were pumping, usually at a loss, sold to USDTether overnight during volatile times thinking the price was gonna drop only to wake up to a huge jump and buying back in at a loss, lost about .2 btc to a HYIP, dove headfirst into margin trading without really understanding how it worked and lost bad, and after all of that, took 75% of what I had left over and invested in Authorship Token (ATS) at around $0.04 when they first got listed on HitBTC. Figured it would easily pump since the ICO price was 5 cents and the dev team "recommended the price to be 15 cents".. as of today they're trading at $0.005 and I'm still holding almost 50,000 of them... After spending months completely immersed in charts and stressing about pumps and dips, knowing that if I had just bought and held BTC and didn't do anything else, I'd have 10x what I have right now makes me sick to think about, especially when it seems like so many people in crypto have gotten wildly rich in the same timeframe. it's really just an expensive lesson in patience, impulse control and strategy. the crypto game is still young, and we're still pretty far from mass adoption. Best to learn these painful mistakes now because crypto isn't going anywhere anytime soon. now that you have so little invested, think of it as a new start. work with what you have slowly and don't put any more than you can stomach losing into it. Fuckin sucks, but I think the slow and calculating route is the way to go, unfortunately you and me both have learned the hard way.