Ever since I've got into cryptocurrency, I've had several experiences on the prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!
Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.
Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some".
I know some of you had already been on the same kind of experience just like me.
Hodling is a form of gambling but it secures profitable gambling if you invest in the right utilized coin and I want you to understand that your heart doesn't lies when it makes you to strongly believe that the crypto market will rebound back to it the bullish state. But, that doesn't mean it will happen you a couple of months or a year and the part of you selling your hodling lower price was what makes you lost cause you can actually make a huge profit when it bitcoin halving next year.Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.
Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some".
I know some of you had already been on the same kind of experience just like me.