Cryptocurrency is playing an integral part in everyone's life but sometime in life we went too far to satisfy our EGO that we end up reducing it to us.
While trading, I bought a cryptocurrency against 0.5 BNB, after my purchase, a lot of cryptocurrency was sold by some investors and priced dipped to all time low (ATL) so I bought that same cryptocurrency of 1 BNB each from my 2 wallets. Price continue to rise as it has hit the ATL and as expected I was about to have gain of 0.2 BNB against my investment of 2.5 BNB but I wished for it to give me a profit of atleast 0.4 which was for my EGO satisfaction and there comes another new ATL in 10 minutes and again to satisfy my desire to recover losses and to register a profit, I again purchased the same cryptocurrency of another left 1.5 BNB (total) using my 3rd wallet too. The price rose and I sold and made some profit on last investment but the remaining 2.5 BNB was still in water.
I learnt a hard lesson that satisfying EGO only costs me 0.4 BNB in the last whereas I could have left with profit.
Try to understand that if you are trading you must keep your profit gaining skills or registering a big win EGO on side as it will only drown you now or later.
Taking out small profits make a big profit (a multi timer than one single big shot).
EGO satisfaction in cryptocurrency had hit many investors in hard when they kept the cryptocurrency to its ATH and become the bigger loosers in the end. Well, if we do not talk about cryptocurrency but about our life, we will notice that it had happened many times with us in general life but we never care to notice that we ruined everything just for our self EGO satisfaction and that had hurt a lot many forever.
Kindly share your experiences too if you ever had such encounter with EGO satisfaction that ends in better or lost.