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One of the biggest regrets in 8+ years of active crypto investing is the fatigued-selling (for loss) during the prolonged bear market last time.

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by COINS NEWS 114 Views

Like many, I acquired a bunch of tokens of "promising projects" during the 2017-2018 bull cycle/ ICO boom. Some of the projects had solid problem statement, team, funding and community. There was a nice spike in prices in these projects after launch and it felt like a genius for investing in those projects.

BUT following bear markets were brutal. Values plummeted, portfolio seemed meaningless for most coins and it hurt badly. What was worse, for those who lived through that time, it felt never ending :( (if you are living through 2022-23 bear cycle and it feels never ending, these cycles always feel that way until they stop feeling that way). I kept an eye on the projects I had invested and was optimistic/ hopeful every time I saw the portfolio. This kept on going for very long and slowly it started to annoy and giving fatigue. The belief in crypto/ blockchain never went away but somehow the belief in those projects that I had invested in started to fade. I started to feel may be those would never recover.

AND then came one of the worst mistakes of life in Crypto so far - I reached a point of fatigue and frustration that I lost interest in tracking those projects and I started getting rid of those coins and sold many of those (converted to ETH/BTC) for 80-90%+ losses.

HOWEVER, as the law of markets, it always return to bull cycle, I regretted that fatigue-selling every single day in the following bull cycle. Without getting into specific dollar numbers, I could have easily 4-6x my investment on almost all of those projects (except a few). I regret this even today.

BOTTOM LINE, impatience has been the worst enemy to my crypto gains over the year, not the market cycle, nor the shady YouTubers/Influencers, nor anything else. Well, sometimes, that's how we learn.

submitted by /u/Sharp_Tank05
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