More coins, less value

in LeoFinance6 years ago

Cryptocurrencies have tanked and this drop has kicked me in the ass. The good part is that in the mini bullish run, I managed to accumulate a reasonable amount and converted to fiat for getting basic shit, and buy more coins.

The downside of buying more coins is that there was really no technique; no observing candlestick, no trend observation or even heed any tweets. I just jumped right into the pool, buying Hive at what I thought was an alarmingly low rate, I think around 19-20 cents range at the time.

I thought to myself; well, this is the peak of the bear, surely it can't get any lower. Uhm, yeah, I was wrong. It can go lower, and it went lower, way lower than I intended, and so I lost money, more money, in terms of value, but hey, at least I have more coins now.

Despite being a little bit dumb of me to jump into the market too early, I still sort of feel good about myself. I mean, trading mistakes are inevitable anyway, so I can't beat myself up too much.

For me, the major issue is deciding how I want my profit to come; do i make more Naira/dollar that helps me afford the basics or do I want more coins? I keep trying to balance it, in a bid to find that optimum point, but it's starting to feel like picking a side is the best option, since they're usually cancelling each other out anyway.


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Did you get to check Celsius out brother?

Hopefully you are doing well with the investment!

Yeah bro. I downloaded the app. I'm yet to do the kyc though.

I haven't put in my ID yet :P

But nice bro!
I hope it serves you well!