
Image by Oleksandr Pidvalnyi from Pixabay
This demotion happened at the very beginning of this month and choosing a wrong crypto coin can cause regret for long time. This happened to me. Last 2-3 months back I had 4 digit crypto balance like $2k+ USDT but now I've around $948 and the asset lost a big amount of value because the dump of the coin I'm holding is the lowest price record in last 6-7 years or long. The down was unexpected but the unsmart and unwise buying cause this loss.
Not a loss if I can hold till the next pump but the next pump should be more than the buying price of the coin. The current value of my coin dropped down to around 3x and my asset value reduced more than 60% and couldn't recover the losses of 2023. If you are my regular reader then you should know about the scam I had in 2023 and that scam snatched away my earning of two years in just few seconds. That lesson charged me a big amount.
That scam broke me inside but I didn't waste time on grief and regret on falling down to the trap or scam. I worked and started doing trading. Earning of two years can't be recovered overnight, it definitely takes time. Not even fifty percent recovered and new losses appread like losses in trading. But luckily crypto earning was continued and the price value of my coins were good enough if I compare to the current crypto price of these Altcoins. It's worse than bear market season.
Holding is the only way and option for me now. My crypto trading journey paused by crypto market and it will be resume back when market will bring back the 4 digit of my crypto asset. The observation of market weather and coin price move will be continued and I've cancelled some selling order due to market's down phase at this moment. No big expectation but badly in need of a miracle that can fix my crypto asset value.
Thanks For Stopping By!!