I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.
St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?
BTW, for those that might want to join the channel, here -
https://t.me/anonymous_crypto_confessions This is possibly the handiwork of greed, I personally feel that the story is not complete, he probably cut the story short or maybe the admin of the channel decided to summarize to whole story so as to make it fit into that info graphic box.
What I am imagining and assuming is that, that dude possibly wanted the entire money to become a round figure, which possibly may have put his target at $100,000, and when the total investment climbed to $80,000, he believed that it will soon get to $100,000, so he was determined not to sell, unfortunately for him, the price started to drop, and he thought it will rise back, maybe he totally forgot he was dealing with degen Solana memecoin.
Anyways, it's a good lesson for newbies to learn from, being greedy, most especially when trading Solana new memecoins, can always result in regrettable loses.