You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.
You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:
1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.
Share your thoughts.
If I were on such situation, I won't add another fresh money into the new project. I won't convert all of those previous alts for BTC/ETH either just to participate on such hyped token sale. It would be better to focus on our list of alts or making another investment on a well established coin instead of the new one.
This is the right thing to do. What we ought to learn is leaving behind projects that were losing on and restrategizing on other prospective ones. It will take far too long to recover for such project investors could've lost interest as well.