Post
Topic
Board Altcoin Discussion
Re: Will the altcoin holders hang on until the bull run comes ?
by
Jackl87
on 21/04/2023, 16:27:20 UTC

I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.

Seems like you made one of the oldest mistakes in the crypto space because you did not follow the advice "buy the rumor, sell the news", which basically means that as soon as the logo of twitter was already changed to the Dogecoin symbol, it was basically already to late to invest because the price already shot up. So if you have not bought within the first few minutes when this happened you basically have bought Doge at a way to high price, because it was pretty predictable, that this would only be a temporary thing and that the Dogecoin pump would therefore also only be a thing for a few days at max.