Post
Topic
Board Trading Discussion
Re: Long term investing - Spot, Margin or Derivatives?
by
Lucius
on 22/09/2022, 14:42:43 UTC
I'm one of those idiots who invested in a bunch of coins/tokens at the top and lost a load of money - around $35k in total  Angry

I sold all of my coins/tokens a few months back but I will be reinvesting in numerous difference projects again when, or if, BTC goes down to $14k - which I believe will be somewhere close to the bottom.

The ground you walk on is slippery, and just when you think you are standing stable, you slip and fall. Getting up is of course a difficult process, especially for those who cannot afford to lose $35k and start all over again. However, I would emphasize here that the key thing is to learn from your mistakes, and although I generally understand the need of some investors to invest in "numerous difference projects", I cannot escape the impression that they are making the same mistake again and again.

9 out of 10 such projects will fail in the long term (in less than 4 years), so it all boils down to the perfect timing of when to buy and when to sell. Everything else is speculation, including the fact that the price of Bitcoin must fall below $15k, which is not impossible, but there is also a high probability that it will not happen.