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.
In the area of risk I do agree with you that holding some coins is a form of gambling. I have been trading and hold since 2016. Both are very risky but remember that life itself is a risky thing and gambling! If some people know that going out they are going to die they will not go out that day but people go out daily with the hope that they will be back home safe. That is how buying and hold cryptocurrency is. It is not fully safe!.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.