Well December 2017 was a pretty shakey month. We saw bitcoin go from $20,000 all the way down to $11,000 and then back up to $15,000. With so much volatility, it is easy to see why soo many people chose to take their money in run. Nevertheless, the crypto market seems to follow cycles and December was just another cycle that was similar to what happened in June 2017, however this time I decided to leave all my money in. Though I am down considerably, mainly due to fact that I bought into ETN at .12 like an idiot and I also bought in XVG at .27, I still think that 2018 will be the best year ever. Though I do regret putting almost 50% of my portfolio into ETN thinking it was going to actually do something after buying into it, sadly this realization never came to fruition.
So here I sit, watching tons of other alt coins go 2X 3X 5X 10X and so on over December, while ETN sits idle - even worse it retraces over the course of 3 weeks back down, down,down . At this point once you incorporate the opportunity cost into my ETN investment, I am almost down $40,000. So what do I do, I've missed out on so many great opportunities and feel disgusted that I fell into the trap of listing to idiots on youtube make my decisions for me. Therefore I have no other choice but to hodl, however it is going to take some really huge gains in the coming months to make up for December. However, from this I learned not to fall in love with one coin. For now my ETN with be placed securely into my offline wallet, forgotten about till sometime 6 months from now. Then and only then will be a true illustration of how bad or great this decision was.
Damn, that sucks. Best of luck, I hope you at least break even. Any gain from there is good.
Also, you need to do your own research. Anybody with internet nowaday can claim to be the next crypto prophet. They're often paid by the ICO people to promote a certain coins.
Ya that is for sure
what is it
I always listen in YouTube to buy in the dip and hold, never to buy in all time high.
But everyone makes mistakes, wish you luck and for electroneum too.
Keep holding big things coming for ETN this year!