I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
There are two sides to success and risk in business and investment. so do not be too pressured and psychological. Although I know the loss is not small, once the profits are too high, the risks and deception from the project always happen, so you should be careful not to fall into the trap of greed. You still have many opportunities to learn from experience and choose a wise investment channel for yourself.
Investing in new projects is always associated with great risk. Therefore, beginners should not start right away with new projects and new tokens. The best place to start is investing in the coins at the top of the CoinMarketCap table. First you need to understand how the cryptocurrency market works, its cyclical nature of price growth, and only then switch to specific coins with their individual characteristics. It is always difficult to restore what is lost, but you should not despair. The main thing is to draw the correct conclusion from your mistakes and not repeat them.