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I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.

What you are saying is emotional investment, where the emotion of greed prevails over you and enables you to think logically, meaning, there is no time to think. Invest now before it is too late, Elon Musk will tweet again and the price will rise.
And the next morning, when logical thinking returns, the loss has already been made.

Unfortunately, emotions have a decisive role in investing, but you are the only one who can turn them into something useful or a real loss.
Turning it into something useful is by following a specific strategy, thinking several times before investing, it is true that thinking will reduce your profits, but similarly it will reduce your losses.

If you used most of your funds to buy Doge that you don't have enough to spend on other important things then selling even at a loss is understandable.
If you could still somehow manage then you may as well wait for a few more months to break even or profit a little if you get lucky.
You'll have to decide whatever strategy you're comfortable with.

There were times when I cut my losses and reinvested the proceeds in another token worked. There were also cases where it didn't and I ended up with more losses.

Thats the thing about fomo. Its not really good for people who are just swayed by news or hype. Elon do that frequently so its like you caught the big wave and now caught it by suprise. Of course some will take profit from that those who are like a second of the news who liyerally bought a lot and when many have realize the pump. There they can unload their bags on the late comers. But its okay if you hold it for long term maybe youll experience the same pump when Elon drop another cheap trick on socials.

I think undoubtedly that there will be people holding their crypto until the bull run & beyond that, into many future bull runs. There are lots of people who think long term. People who think short term & want quick profits are usually the types who end up REKT. Patience is so important in any investment vehicle.

In investing, there is always a temptation, and it only takes a little carelessness for greed to surface and we will pay the price. In terms of investment, doge is a meme with no utility, and many say it's useless. But we come here to invest, and seek profit, so if it's an opportunity, we shouldn't miss it. For me, you buy doge at that price is not too much to worry about, doge will still recover and increase because there is still Elon behind. He's making good money with it, so there's no reason to ditch it now. If I invest in altcoins, I would rather invest in Doge than invest in old altcoin projects.

Yes, many of us have already faced this situation exactly like yours in crypto universe. The most important thing is to avoid similar mistakes futurely.

In your case, that is to be careful with speculators like Elon Musk who has already lured many investors into losses. This DOGE logo on Twitter's incident we saw days ago, was expected to turn into what you described above.

Next time don't get too excited about following Musk's steps on investments. And always invest aiming long term results, while avoiding shitcoins such as memecoins.

You have two choices now: sell it immediately after the price drop or still hold on to it and keep buying at a low price in the hope that you can reduce your average purchase price. I once had an experience like yours but that happened a few years ago and I don't regret it because, with that mistake, I could learn a lot that doesn't chase the rising coin prices. After all, we can get stuck at high prices. So now it depends on your decision and you should think carefully before deciding.

Such moments happened to me many times. And I used to sell in a panic, and sometimes I just waited and won. So this is not advice and the decision is up to you.

Yes, I did the same experience for some altcoins and I just held back and accepted my losses. If I recover that's nice but if I hold, I basically accepted defeat and that money was lost already.

This is the risky thing in investing in alts when you're not prepared for it, you'll be emotional to accept it that your money is lost forever and if it's looking that the recovery is going to be hard then there's no expectation of any loss coming back.

I would brush it as a rookie mistake but have comfort in the thought that you weren't alone. Elon is just the newest influencer, there have been many in the past that people follow. This will pass too sooner or later. People eventually get bored on combatting with trading bots and Elon's tweets.

Why do you think you never have a change to in back your money? I am not saying you will but if you don't hodl, you won't be making it back. Least not with doge. Selling in loss now might be the best option as this was the ultimate peak for doge visibility. There are no big events to wait for doge anymore.

People make mistakes all the time, no matter how long have you been in this scene. Most people who got rich most admit that they were lucky. And by that i mean luck is a part of it but not everything. As people who are not selling now will be called lucky at the next top. This has been so for all the cycles i've been in.

Well one of the rules of crypto investing always was "buy the rumor, sell the news" which means that most of the time it is to late if you buy a coin after they have released some big news. You need to buy them before those news become public, that is not possible in most cases though if you are not an insider. So you at least need to be very fast once the big news are hitting. If the news are already 1hour old or even older i would not buy anymore.
Losses only become a reality when you sell those coins. So if you can afford to hold them longer, then i would definitely do that. If a new bull market comes, then Dogecoin will definitely pump together with the rest of the market and you can sell your tokens then.

you will need to wait for the price to pump again. and if you sell now and then suddenly the price goes up, you will again regret selling.
while there is no altcoin season yet. it's a reason to buy more for more profit when another pump comes. yes, holders hang on to the coins they got until they see substantial profit before selling.

there must have been many holding dogecoin like you as well who feel disappointed because it goes up when you least expect it.

Being hyped seems to be the trend in cryptomarket, you’re not alone as many are trap as well with the other projects. With DOGE I think its price can recover, all you have to do now is to have more patience and learned from this mistake.

Elon is know for this kind of hype, you should already know this since you also have your own project and I’m wondering why you are still being hyped when in fact you should know what to do in the first place. Cryptomarket is full of hype, if you don’t know what you are doing better not to ride with any hype and stay focus on your own goal.

Not quite a big mistake dude, you actually follow what you think is right and besides, many people had also gained profit from investing in Dogecoin but unfortunately, the time does not give you a favor, I think you come late. But, I was believing that you can still make money for this project, you only have to wait for the next hype and sell them right away.

But on the other side, whether we make mistakes or make wrong decisions but I don't think we need to regret doing it. Instead, consider this as a lesson to learn and avoid such decisions in the future.

Of course, they will but there are some coins that won't reach bull run due to too much hype and will eventually dump before the bull run start. Of course, these are the shit coins I'm talking about but for the other legit altcoins like the ETH, BNB and other they will give great rewards during the bull market especially when the ATH of Bitcoin reached but this might happen at 2024 or 2025.

It has to be said that there are two types of altcoins, and the answer to this question changes based on that. First of all we have the big ones like eth, bnb, avax, sol, even ltc. Those are big names and holding them until the bull comes is a great idea and should be done. However, there are also a different type of situations where we are talking about a bit lower than that, stuff that are low rank means that they could be as low as out of top 100, which would not be really that much of a big deal considering that we are talking about something you can sell and get out of. So that's the situation, most people will hold the big ones, and maybe hold the smaller ones but could potentially get out of those ones.

That's a cut loss and it's typical for someone who doesn't want to see further loss with his investments. But if you think that you can no longer win them back, try to win them back through other means. Investing in bitcoin is the best way to win some back from your losses in other cryptos. Don't be too focused on meme coins, they're now pumped and dumped coins and the gains that they'll give you were passed done already before Elon gets a hold of it. Not all of these coins will recover when we've come to the point of being in the bull run again. It doesn't go like that at all times.

getting fomo'd with meme coin just because of elon will always incur loss, you should never ever accumulate meme coin that has recently increase in value since it's most of the time, just short lived bullrun.
i'd say there's nothing really you can do and instead, you should migrate over your investment into better coin, meme coin nowadays aren't even worth blinking at, let alone investing.

We have proven in the past that Dogecoin lived on hype and it's not really a stable investment, it remains on top because of Elon Musk, I have had a lot of bad experiences on so many altcoins with no usability only lived on hype and shill with, the bag holders are the one that makes a lot from this.
Honestly, it's hard to decide if you're an altcoin holder that's losing its value because you're still hoping that the price will increase so you can even up, and you get frustrated if it's not, it's hard to dump and forget your losses, compared to Bitcoin that can always make a rebound.

This is where things turns out on testing out your patience if you are a really a true holder of a specific altcoin.It is really just that depending on how strict you are on following your decisions and goals
that had been set earlier. Bull run cycle is something that could really happen but we shouldnt really be anticipating that much that the coins we've been holding would really be having that kind
of movement when the time comes.This is why never ever make yourself that too positive or something that expects because it would really just disappoint
you on the time that it wouldnt make out any movements.

Indeed. I should stick to my goals set earlier and don't fear the loss even if any investment turns out a failure eventually. I think selling most Dogecoins in exchange for Bitcoin is my best option while still holding some Dogecoins. Lowering my expectation would really help because my goal is for long term gain and the next bull run is what I should be patient to wait for. Anyway, all things should be taken care of and never be afraid of. Great to have all the comments from you all. Thanks.

You are one of many victims of this Dogecoin hype. If you want to ride the hype, you should be quick, quick to enter and quick to exit. With Elon Musk, Dogecoin has become a pump and dump shitcoin. You shouldn't be carried away with Doge's temporary pump.

As for other altcoins, some will of course hang on, but many will have their prices falling down as soon as the real bull run begins. When Bitcoin rallies hard, it is expected that altcoin prices will be negatively affected.

This is the problem of some investors who are panic buying to not missed the hype but has no guts to hold when something unexpected happened. Though it's understandable that you want to cut loss to avoid further losses.

Anyway, I also experienced this many times before when I was still a newbie. I often commit bad choices that led to losses. However it's an experience that will left you with lesson to improve. So before you buy any coins, always DYOR and don't join the hype because of fear of missing out. Think deeply if it's really worth to buy and hold for long period.

The classic FOMO trap. I've been there. You buy in at the peak, and before you know it, you're in the red. My advice would be to assess your options objectively. Can you afford to hold onto Doge for a while, even if it drops further? Or would it be better to cut your losses and invest in something more stable? Ultimately, the decision is yours, but don't let emotions cloud your judgment.

I advise you to sell it because the longer you hold the greater the potential for loss. the price of meme coins will not go up if there is no hype and you buy doge after the hype, this is a mistake that is often made when investing in meme coins. There is no guarantee that in the foreseeable future Doge will be hype again and there is no guarantee that in the foreseeable future Elon will continue to support Doge. so you still want to hope with meme coins that only depend on one person?

I had the same experience, but I only held unpopular coins. until now, I have never sold the coin because the price is already very low.
However, basically doge is a very risky coin, if you invest there, then you need to be prepared in case the price drops dramatically. If you have confidence in this coin, then you just have to endure it. but if you're worried, then you just have to sell it. from the start this was just hype created by Elon Musk. So, you need to prepare for the worst.

I am one of those who made both good and bad decisions in investing altcoins. But I had learned from that mistakes I should not buy altcoins if they are in hype and i should had evaluated first the chart before investing. No one could really predict what will happen in the market. But now i would definitely wait for the market to go down before risking in buying altcoins. Now i keep on hodling the altcoins i had rather sell them at lower price i am still positive that the coins i had been hodling will recover in the next few months.

You are right. I mistrusted Elon Musk so the loss is a lesson that should be learned. This morning I sold most of Dogecoins to cut further losses and hope this is a correction. Solely depending on a public figure to choose a meme coin ? I would never do this again. Our team is focused on FireDAO project and in the future, we will try all our best to gain benefit for users, not a fleeting hype. Please refer to this link https://www.firedao.co/ to find more detailed info about FireDAO, if you like. Hope our project will be on your priority list one day.

This is why you shouldn't buy a coin during the hype, it's fine to buy and then after few hours sell it, but for long term holding, nah that's a bad decision. You're either need to wait in the next 2 years until Bitcoin bull run will happen or you need to wait until Elon Musk to troll dogecoin in twitter which we're don't know when it will happen.

But for the better decision you can sell at lose and accumulate Bitcoin.

Take that as a experienced though, you FOMO and bought on top and obviously the next move will be those who have bought it prior to Elon Musk influencing the price have sold already. So the best thing to do is just hold on your Doge if you want to make some money and not exit at this time. Otherwise, you will be losing money already.

I didn't buy Doge nor I'm a investor on it. I'm not even aware that Elon change his the Twitter logo until I read it from the news.

And again, lessons here is that not to FOMO, and just invest on solid coins.

Everybody who has invested in an altcoins has had that experience and that's because it keeps repeating itself everytime. I did a very big mistake by selling my dogecoin in the past but I won't be making that mistakes again.

I didn't buy as the price was rising but I own dogecoin that I bought last year and I'll be holding until the end of next bull market. You should hold yours too. What's the worst that can happen, you lose your capital and that's all.

When investing in altcoins, always investment the amount that are your spares because altcoins has no guarantee of a future profits. Any project can scam at any moment even though they have very high market value, example Terra Luna.

You should have taken lessons from Elon Doge event that happened last year. Literally whole world was watching SNL on Saturday just in the hope that Elon will make a big announcement over national television regarding DOGE.

Before this he made various tweets regarding DOGE and its utility over bitcoin. This made the world think DOGE is next thing Elon is going to invest into. Same thing happened and peeps started investing in it like crazy.

DOGE went as high as 50 cents and above in no time. However, as expected on SNL he did not even pick up on DOGE at all. Everyone started dumping and after that it never came back up.

You did similar mistake.

What you asking right now is sympathy against your mistake. Unfortunately trading is that world which runs on skills and facts. You can either hold if the money is not required by you or sell in loss anyway.

Sometimes, you make mistakes in investing, but that's part of your journey, as no investor always makes the right decision. You bought Doge at 0.09 USD per coin, while the price now is 0.08 USD. You call it a loss, but not if you don't sell it. Yes, Doge was so hyped during the last bull run, but if Doge stays and pumps a bit, I believe you are holding a good price, and you can still sell it at a profit.

Doge isn't a shitcoin anymore; it has already captured the attention of investors. So, just wait for the right moment to sell. Don't panic and don't let your emotions control your decision-making. Instead, use your mind.

well, I expect a huge volume of altcoins investors to come this year. These people will take advantage of the situation while the price is growing and they are looking for new projects than choosing old coins like ETH and BNB. They indeed looking for gems as they believe that this could make them rich without holding for many years. In fact, some people are selling their Bitcoins in exchange to altcoins but guess what, they'll turn back buying it again once the bull season ends and hold again.

Altcoin investors will come again to look for hidden gems in altcoins, hoping to get big profits again like before.
This has been common in cryptos and will continue to happen after the bearish period is almost over, so they are constantly trying to find new altcoins they hope for.
But if they can't find the right altcoin, they will incur a loss and sometimes the loss will be large depending on the amount of investment made in the altcoin.
So be careful if you want to find those hidden gems and don't just follow other people's advice without doing research.

The higher the risk, the higher the return. As you said, there is no guarantee that Elon will continue to support doge, and you have no proof that Elon will stop supporting doge.
During the bull run 2021, when Elon chose Doge to manipulate and inflate, many people also said to stay away from doge because he was just playing with it, but the people who bought it from there also made huge profits, although there are many losers. Investment is like that, if you accept a big risk, your reward will be higher. Everything is proportional to each other.

Many people are making huge profits by investing in Dogecoin and many people are falling into huge losses. Since you bought dogecoin at a very high price, hold now without selling and you have no other option. Keep waiting for Elon Musk to change the logo of Twitter and use the logo of Doge coin again or until the next bullrun.

Well, your title asks about altcoins, but apparently your post consists of your experience with Dogecoin specifically. I don't think we can generalise that all the altcoin holders will hold their bags until the bull run or not, since it will depend on what altcoins they hold and the situations of the altcoins themselves. But if we're talking about Dogecoin, I think it still has a chance to increase in price if Elon Musk is still attracted to it. He knows how people react whenever he plays with Dogecoin, and he seems to like it. People also associate him with Dogecoin so often, and I don't think he will quit soon. So, if you hold some Dogecoins now, I think it's better to wait for the next peak price. Who knows Elon Musk will want to play Doge in the near future, sooner than we think he will.

You are right. The current price of Dogecoin by the time I am replying to your comment is $0.09, which means it is steadily climbing to the ATH. I sold most of them but still hold some to give a test. Actually, I should not have been worried about the fluctuation at all. Everything has been fine just as the way it should be. All coins today seem to enjoy a price surge so I think most of us can be less emotional in terms of investing in altcoins and just play with the market wave. Stay cool.

Investing in meme coin is risky and knowing that we invest there hoping for large profit. This coin was originally hyped by Elon Musk. Since the hype is ended, it may turn lower again. My suggestion to you since you have purchased it is to hold on to it. There is a possibility that if the bull run starts then you can make a good amount of money from it. Because this coin got ATH up to about 70 cents. Nothing to do but wait. I think if the market get the bull strength you can gain minimum 1x profit for the near future.

actually this  effect happened week ago and we cannot see that anymore now , that Elon Changing his twitter profile made Doge climb good but return to the price after a week.
and yes the argument is correct that not because Doge goes that high meaning all altcoin will follow . reminder that bitcoin is still the one who made this all things come to reality.

If I am in that situation, I'd rather decide to sell them and look for other altcoins or Bitcoin instead. Because it was too hard to believe in something, we can't please Elon Musk to hype Dogecoin for the sake of your profit, I expect not. So, instead of wasting our time waiting for miracles, we have to do something, and the best option is to sacrifice losses for better rewards.
After all, OP already knows the risk when investing in a meme coin as the only way it grows through market manipulation.

Such is the reality that Dogecoin has only gone up for a short time and even then it is not quite certain,
hard as it seems to achieve the glory of Dogecoin as it used to be,
we'll see what will happen and it will be interesting to wait for its development.

When it comes to altcoins, it's really hard to keep holding on especially when you see the price is currently rising at its current ATH and the other cryptocurrencies are not moving their price. Of course, you won't gonna wait for a bull run when you witnessed those sceneries because you won't know whether the price will still be like that or it might be not the case anymore because it's already over for that coin and the reason for that is, the hype has already subsided and the price right after that is going to decrease little by little each day.

I hate to say this but as per market observation, many people can't wait for the ATH but rather make early decision to sell when seeing the price is growing. And I would say that people had already change after missing the last 2016-2017 bullish market for not selling their coins at high price. But unfortunately, the outcomes is not good and a reason why we can't see that price keep on high as it ended just days as these investors selling of their coins to make sure that they will never miss the opportunity again.

I have lots of experience with that kind of mistake. But you can never stay defeated when it happens, you try to win it back by investing in something else if you cannot afford to sell it now. Make another budget, use that to invest in another altcoin, and learn from past mistakes.
Before I bought Shiba, millions of it, I never expected too much so when I saw the opportunity to sell, I did it without any regrets. Until now, I never had the feeling of regret even though it could've been 10x or 20x. It's still a win for me.

When it comes to losing, I have high hopes for NFT coins and waited a long time but all of them don't have the same value as when I bought them, it's down by a lot and I cannot sell them anymore. I just skip them for now, try my luck with other projects.

Selling is not bad especially that we all wanted to just maximized our profit by buying and selling altcoins. As long as you are happy with the profit ypu had made from the investment/trade you made, Don't regret about selling too early. I'm sure you have your reasons why you sell and it would be much understandable if you plan to put the money on another altcoin investment that had much more greater potential.

I also don't like NFT based tokens, I don't see the utility in them and I don't see them as a proper altcoin.

Honestly, it will be fifty-fifty because we will consider if our previous investment on altcoins will be really helpful and then rise up again after the big drop from the previous bullish. So far in the bearish era, we have found so many altcoins that are dead because of FOMO and then couldn't rise up again. But this will be more interesting than top coins especially the coins with high recommendations and solidity, having big track records, and may be able to survive.

With bitcoin people have the belief and keep hold unlike the market behaviour. With altcoins users always have the dilemma whether to sell or keep hold to experience the best profit. As mentioned most of the investors experienced massive blow during the 2016-2017 altcoin season and further more altcoins went out of usage and got delisted. This is the major reason why the priority from users is to sell when the market of altcoins have reached better position. Maybe holding to experience ath could turn to be disappointing.

You've outlined the perfect mindset that every investor should have, especially in the cryptocurrency market. May I ask what percentage of your investments is profitable ? Like higher than 70% ? Just curious ;D

This should never gonna be the question. The question should be "Are you holding the right altcoin for you to hang on until bull run comes?"
Well, in your case, you should. Though Dogecoin is a memecoin, but the hype around this coin ain't gonna die down easily especially with Elon doing what he can to boost it's hype even more.
The thing about FOMOing is that you will probably have a higher chances of losing than actually making a profit. Why? well, simply because you're chasing for good profit in a shorter period possible and tend to sell when the price starts to decline. So, that's like a FOMO gradually transitioned into FUD.

Well, that's indeed safe to assume OP because every beginner will really make mistakes as that's a part of our growth and whether we like it or not, that's the most expensive part where we will gain an experience and a lesson. But hopefully Doge wasn't the first coin you bought when you entered the crypto world because you're indeed on a wrong path and probably just invested because of the hype where people are expecting that the price of Doge will surge after Elon changed the twitter logo.

You should know that we're in April, where April fools are happening. But since you already invested on it, I suggest you hold it rather than selling it because you will just add your losses if you sell it, we never know you might get lucky. Next time, I advise you to keep some safe distance with these coins.

It's important to not get in FOMO from other people, we should able to resist our greediness and control our mindset. if you bought a lot at $0.099 you can keep hold until the bull run ends and sell later, imagine those people who bought their doge at $0.3, $0.4, etc. they face more losses than you bought at $0.099. Just make your mistake as a lesson and don't easily get into FOMO next time. Don't panic because it's having a little correction cause its not dump like hell  ;)

Everyone that is in crypto long enough bought something because of FOMO so you are definitely not the only one experiencing that. From my experience, cutting the loss on bad investment is one of the hardest things to do but in majority of cases, it proved to be the right decision to sell with loss and buy something else that is more promising.

About your DOGE investment, no one can tell you what to do and you shouldnt listen to others and you have to figure that out by yourself.

Everyone who is familiar with the crypto market must have felt that you only invest to get short profits through fomo but it doesn't match reality because the fomo doesn't last long. for me, whatever decision you want to make, the most important thing is the best for now, because regretting the decision you make will never change any outcome.

Enjin Coin.

I still remember buying this coin back when I was a newbie. I'm a gamer, and I guess its my instinct at that time to buy ENJ because that project is related to gaming. A few days it went down, but I kept holding until it go down, and down, and down. I lost more than half of my capital at that time holding it, but I didn't sell it at a loss, and kept holding it. It took me 2 years until I sold ENJ. I got profit from it, but it wasn't worth it knowing how many years I held it just because I don't want to sell it at a loss.

For sure there are some investors here that have experience the same as mine. They bought a coin, and when it went down, they forced to hold it until the time comes that they will sell it at a profit. It's like they forced hold a coin for months to years, instead of you buying it for short term only.

I suggest to the users here that don't do what I've experienced, and always have a stop loss when needed.

No one will loss if we don't sell at loss hold it until such time that the price rise above your buying price to earn profit. I know it is hard specially when you see the price dropping and your investment slowly going down but there is no choice because if you sell you well loss hold and keep calm there is always a bull run we only need to wait for it.

Of course, there are not much of options other than to chill till when Bitcoin's upswing as it remains the key to every other coin that ever exists. And I believe that is happening already it has started showing good momentum for months now.

I have a lot of coins in my wallet that I bought back in 2017 and the price of which is currently about 10% of the purchase price. And the chances that their price will return to the purchase price are very small. So it is not always the right decision to hold coins until the price reaches high. Sometimes it's easier to sell coins at a loss and invest the proceeds in something more promising.

Agreed. I sold most Dogecoins at a loss and chose to buy Bitcoin. We have to face reality and sometimes it is wise to cut losses than hand over to the uncertain future. I always choose to invest that I can afford to lose and hopefully I learn lessons from the past experiences. Now with Bitcoin price being stable at $30K and Doge coin price climbing, I am all good. The market teaches me a lot. This is a blessing that I am grateful for.

With the hype of altcoins and every bull run, I believe there's a new trend and the altcoin market will always have its own show. For me, yes, a lot of people especially these altcoin holders tend to believe that altcoins always follow Bitcoin or the famous "alt season". For me, it still exists, it is just a matter of time.
We should never underestimate the altcoin market.

It is usually wise to buy any coin before good news. Because the price of the coin will continue to rise a certain period of time and it will decrease again at one point. What happened to you is that you have purchased Doge coins after the hype and since then the price has started to drop. However, you haven't lost yet. As the Bitcoin grows, the altcoins will grow greatly again, so if you wait for some time, there will have great possibility to get good return. According to the current price, I also plan to hold some coins. However, You must try to consider Long term whatever you decide to buy.

In fact, they are even more surprising than Bitcoin and even with known altcoins.
What we experienced during the last bull season, we can't just ignore that it never happen again as it is really going to happen again and again. As the bull season is coming, people are looking for altcoins, not Bitcoin or even ETH but they are looking for a gem that would possibly give them an x1000 profit. Can't believe it right but fortunately, it happens in the past and for hyped projects.

The largest bullish movements in hype altcoins occur during the bull season, that's my best time to triggered my sell option. Some of these alternative coins, like GMT and Shiba Inu, helped me stay intact and increased the value of my holdings. Holders of altcoins always make money when the altcoins bull season starts, but keeping an eye out for well-known projects can also be helpful. The bear and bull seasons are when altcoins are available; some just made it through the bear season, which is when we suffer significant losses. 

Basically the possibility will always be there but come back let's follow the developments and see what will happen later,
besides that maybe we also need to do an analysis on the altcoin market,
I hope what you say is true that it is only a matter of time.

Definitely, Long term investors will hang on. they already got a risk and will keep until the success comes to them.

It was a bad investment decision, I know I've done it before but I've never done it again other than profiting from futures trading in terms of pumping altcoins. I think you need to see first whether Doge coin is worth keeping in your portfolio until the bull run comes? maybe Doge's bull run will increase like in the altcoin season but I don't think that doge can give you more returns because what is in Doge itself doesn't have any other functional features in the crypto world that has more technology that many crypto communities need, Doge is just a coin waiting for elon's gold vote to make its price go up.
If you are me, then I will first pay attention to whether or not it is worth holding for a longer time in any altcoin.

I will say first you have done a very big mistake by being carried away with Elon Musk words because he has an interior motives, he can never run such promotion without aiming at something, so finally he succeeded luring people into buy Dogecoin and he sold of his holding leave people with empty coin. If i must tell you the reality Hold altcoin (except ETH, BNB, Polygon, LTC, TRX) is very risky because you may not properly detects its directions and future but holding bitcoin is secure and safe because is the mover of the market, and has the ability and capacity to withstand any market pressure than altcoin.
Although there are some altcoin that are for easy gain, possible those pump and dump coin whenever you are lucky and they pump you sold off, meaning you have recover.

I am one of those who made good and bad decisions in investing altcoins. But i had learned from my mistakes so many times. If an altcoin is on hype we should not go on with the flow because it could turn losses or income for us. Be very careful in investing altcoins. If you had bought them at a high price and suddenly it went down better to hodl them and wait for it to recover to be able to get profit. As an investor I would still hang on with the altcoins that i had until the bull run comes because i do not want to loose the original amount that i had invested.

I got your point and have learned the lesson. Actually I sold most Dogecoins when the price went down so I did lose some money but I still kept some in my portfolio. As of today, the Doge price has increased similarly to where I bought. I won't sell the rest and choose to keep them until the bull run comes. It's not that bad to sacrifice some losses to learn a valuable investment lesson. More importantly, this lesson applies to many aspects of life. I am happy with my losses and gains.  :)

What do you have in plan to not make this mistake again?

I used to join some bounty campaigns for altcoins and I started liking the tokens when the price goes up during the bull run, the price went down after it. I tried waiting for the next bull run hoping it could rise above its previous ATH. Sadly they are not pumping to its ATH anymore. The lesson that I learned is that sell them all during the bull run.

If you want to invest in altcoins, think before you invest. If you invest in wrong coins, you will never make a profit. So invest in good coins before you invest.  I invested now because the market of altcoins is good, I am now making a lot of profit. I now think that after investing in bitcoin, I will invest in altcoins. If you invest at the right time, you can make a lot of profit.

I don't think DOGE can go much lower than the price you bought it at. If you bought DOGE, it makes sense not to sell the coin, but to hold it until the real global bull run arrives. Short-term Altcoin trades bring almost no profit, that's not their main advantage. Their advantage is that they appreciate over the long haul, giving their investors great interest, and speculating for 10-30% is not worth the risk.

patience is important, but in my opinion what is more important is to do research before investing, because if we choose the wrong investment, of course we will lose our money, therefore if we want to invest in cryptocurrency, we don't just need to be patient, but have to do research too, so that in the future the price of cryptocurrency that we invest can increase and provide profit.

That's true and indeed before investing it is very important to do research first,
surely it takes time and at least it can minimize the risk,
sometimes someone doesn't do their research first and it will only hurt.

Exactly true, never holding any coins receiving from bounties campaign when price have been going up because chance is not coming twice. I have experienced with many coins investment become loyal and keep holding during the bull run coming but keep hold until price going drop, better with altcoin investment sell as soon possible and have chance on the higher price before price went down and disappointed moment why not selling on the top price.

Altcoin can't stable on the higher price, many impact with bad news and bitcoin price will give chance for bitcoin drop back and don't waste moment selling altcoin assets in the higher price.

@Op I think you invested by facing greed. When the price of doge coins has increased, the upward momentum market is never worth investing in for the long term. The current bull market will take a long time to come so you need to be patient. Elon Max In a tweet you invested but the market dumping in the morning did not rise according to your opinion which you regret. Now, instead of regretting and resenting the present, be patient for the long term when the bull market is in front of it.

Just hold - Doge should at least go back to all time high.

This is not definite but as long as it survives another 12 months till the next bull run it will be fine and go back to all time high and probably go past $1.

You have to be patient, bull run is coming not long now  ;D

he doesn't really research his own actions and by the time he makes this topic i'm sure he will continue to make other mistakes without realizing what he is doing with this market. I quite doubt that he is communicating his related project to the community.
This is for the OP, first of all, short-term fomo is just a game of chance, whoever gets there early is more profitable, so don't bring your investment perspective to say you were wrong.
And more importantly, research about risk tolerance as well as possible returns also needs to be planned in advance. I realize not only OP, but most newcomers often blame the market for their own silly mistakes, specifically greed here. So keep experimenting and don't make yourself a victim of this market.

It really depends on the altcoin that they are holding. I have made some good and bad decisions in both buying, selling and holding altcoins. But I had to admit that most of them are either bad decisions or just “wrong timing and/or coincidence”.

FOMO was also one of the common reasons that we bought those altcoins at the “wrong” time. Maybe if you are so good and stay alerted in the charts, news, etc. (especially the skills that you have), you can get lucky at some point but not always. No guarantees or promises whatsoever.

If he can control his emotions, he can hold Doge until the price returns to the highest point but he should also have other coins to diversify his investment and can profit from other coins. It's better to have a lot of potential coins as an investment than to have only one or two coins because we know that investing in crypto can provide huge returns. That's why we have to analyze and do research to be able to find the right coin.

He can hope that Doge can rise and reach $1 in the next altcoin season. But he should be ready if that can happen in the next altcoin season because many potential altcoins want to be at the top of the coins in the market.

It all depends on how long you keep altcoins in your portfolio without locking in profits. Altcoins become dangerous over time. That is, at the beginning of their life they can make good profits, but then they can gradually fade and no longer return to the values at which they were traded before. Bitcoin has a constantly growing chart on a large timeframe, so there is no such danger there. I would stick to the position of not investing in altcoins for very long periods of time, otherwise you might just not have time to jump out of that coin with a profit.

I think it would be wiser to sell and get out, that would make a lot more sense. Too many people are looking at doge as something to make profit from when the hype happens but it is a risk to just wait for the hype. I think it is better to invest into something that will grow naturally and not this way.

This is a fake increase that is done by Elon musk and that is not something you should be hoping for or waiting for. Sell whatever you have even if you lost money, and buy something else with it. You may think that's a loss, but it is better to wait for a recovery in something else than waiting for it at doge. I know plenty of people are not entirely sure what they should be doing about doge, but that doesn't mean they should hold it.

The Doge price is climbing steadily so I am glad to still hold some. Like it or not, I don't think the hype with Dogecoin is a bad thing because even Elon Musk or anyone is manipulating behind the scenes, what is the loss if Elon is keeping all the spotlight and occasionally promotes Doge ? Anyway, I am saying this mostly because I did not buy that many Dogecoins so even all are lost, I don't really care. It's just fun.

Investing in altcoins, like any other form of investment, comes with certain risks. Cryptocurrency prices can fluctuate a lot and no one can predict the future with 100% accuracy. It is important to remember that each investor must have their own risk and financial management strategy.
If you made a mistake in investing in Dogecoin and are now in a loss, then the decision to continue to hold coins or sell them depends on your individual situation and riskiness. If you are confident in the potential of Dogecoin and believe that its price will rise in the future, then it may be wise to continue holding coins and wait until the price rises. However, if you do not feel confident about this, then it may be better to sell the coins and realize your losses to avoid even bigger losses.

In the short-term, it might not be that bad since you're actively watching on your investment anyway and you might consider selling it any day due to the hypes. There are number of people, if not many, that are investing in the long-term and the hypes might not prove an advantage for them. I understand that people still remember how Musk like manipulated the market back then and Bitcoin even went past its supposed to be ATH back in 2017, but I would definitely rely on hype. There are tons of what-ifs for me if I invested due to hypes. This is the reason I tend to avoid meme coins.

As long as risks are well managed, there's nothing to fear. For sure there will be corrections such as what happened earlier this day because of the overbough on market prices. If we qould observe the chart, perhaps Bitcoin, its market price continuously increased from $15k up to  $31k which somehow makes it not surprising. And ofcourse altcoins are also pulled by the correction. If things won't be managed you'd end up in huge loss before the bitcoin halving. As much as possible, beware of news, always check the charts to avoid being shocked whenever the market prices are falling which could affect your emotion and actions. Remain calm as well and this would only be achieved if you will invest an amount under your tolerance of losing.

if at this time the estimated value you have is decreasing, then in my opinion it is better for you to save your Dogecoin until the end of the year, don't sell it when you are still not making a profit.
I think for now there are still big investors who are trying to look at Dogecoin, it's just that they will wait for the right time to buy it. I think Dogecoin still has a chance to be better than before.

from my own experience, the first time investing in crypto was very painful for me, because of my impatient nature and panic quickly when a bearish market comes, but now I have convinced myself that the market will recover again, so now I am more holding my altcoins until the bull market comes

I have almost survived my first bear market and patiently waiting now for the bull run to start.

Why was it painful for you did you panic sell? At the bottom in November last year my portfolio was at its worst down 55% but I didn't sell anything I don't understand why people do as that is when you do lose when you sell at a loss.

I bought a lot between June - December last year but hardly bought any this year as I am happy with what I have , if we crash again I will buy more then.

correctly, you need to have patience in crypto trading, otherwise it will be very painful because a beginner and not only a beginner is trying to quickly sell altcoins earned, it harms not only himself but also others, since there are many who want to sell quickly and naturally the price falls on the coin which is being sold

You should not blame newcomers for selling coins too early when they see a small profit, and this allegedly leads to a dump. Beginners do not have so many coins that the sale could affect the price of the coin. And as experience shows, it is better to get a small profit than a big loss))

I wish I could have seen your comment and learned your experience earlier. Before the current market went down, I held many coins at the high price but didn't sell and now all are dumping fast. Well, I am not saying this is a definite loss and choose to hold all coins until the bull run arrives. As time goes on, I have learned so many valuable lessons and there will be a significant improvement for me to achieve in the future.

Cryptocurrency is a manipulative market, including bitcoin, you cannot expect something to grow naturally in a small and new market like crypto. I agree that investing in altcoins, especially meme projects is very risky, but as long as someone is willing to take the risk, they can invest in them. Although many people have lost money because of doge, there are also many people who have become rich because of doge, you should not deny that. No one thought doge could hit $0.9 in 2021, but those who believed in it got the reward it deserved. So putting a little money in the doge and expecting the unexpected isn't as bad as you might think.

I think Investors in altcoins may feel anxious during market downturns, especially if they make bad investment decisions based on FOMO. However, the crypto market is volatile and can change rapidly. Well, interestingly. If an investor believes in the long-term potential of their altcoin, they may want to stick around and wait for the market to recover. But if an investor needs to minimize their losses or reevaluate their investment strategy, they may want to sell and cut their losses. I think regarding the decision to hold or sell should depend on each individual's strategy.

You definitely need to hold them if they are a good altcoin/s then, never sell it at a huge loss. If you can still live day by day until the bull run comes then  it's a good thing, I have altcoins too that I bought but not on all time highs but still holding them until I get a decent profit, I could say it's for the long term so not gonna sell it too fast. Good to know you're learning and there are way too many things to learn from it.

It seems to me that after Elon Pamp it makes no sense to buy doge. While the coin price and capitalisation used to be small, now doge can be compared to a company that actually exists and produces goods. That is, the prospects for growth are much smaller than they were in 2019 or even more so in 2016. Especially after the emergence of a manipulator like Musk, hopes for super profits have disappeared.

I am also holding bags of different altcoins and all of them are in a loss. Now there is no point in selling them at a loss. Since Bitcoin halving is around a year's time and then we may have another bull run and we might get a chance to sell those coins in break even or in profits. So I would suggest holding the altcoins with patience.

Also i learned the lesson well not holding the altcoin to gain a lot of profit and better exit once you get some reasonable profit. Holding altcoins for the long term is like holding them for loss. We should only hold bitcoin and Ethereum for the long term.

Seems like you made one of the oldest mistakes in the crypto space because you did not follow the advice "buy the rumor, sell the news", which basically means that as soon as the logo of twitter was already changed to the Dogecoin symbol, it was basically already to late to invest because the price already shot up. So if you have not bought within the first few minutes when this happened you basically have bought Doge at a way to high price, because it was pretty predictable, that this would only be a temporary thing and that the Dogecoin pump would therefore also only be a thing for a few days at max.

I am one of those people and I hold coins that I hold for the long term and not for anytime soon. I like holding them for a long time and imagine that if I can do what I do then maybe I could hold them for 10+ years, not sure if I can because life throws challenges at you all the time, but if I can hold it like that then I would be happy about it and that is what I should be focusing on if I could hopefully do that.

All in all the best thing about the current situation is I could possibly focus on how I could make my own income better and that can only happen if I ignore others and what they say, and I could hold as long as it is, hype is people talking, too many people maybe, but I just ignore them if I can.

Most of the altcoins that's good are gonna be hang on until bull run comes, you could easily see whether they could hang on by simply looking at their trading volume, meanwhile those that don't are usually have really low trading volume and they are actually in the brink of getting delisted, Some meme coin, even majority of them which are mostly are bad, are gonna be losing their trading volume big time and eventually turning into dust, getting delisted and all, meanwhile coin with real utility like matic, solana, you just never think it's gonna be delisted some day, their blockchain have so many smart contract that quite literally help increase traffic of their chain.

Therefore only coin with utility and real use case will hold on, some meme coin may hold on but very few of them that already have big user base.

You shall never try to get in during the hype. You will be only ended in a big loses. This what i have learned from there. It's caused by the fact that if bbearish trend will always be coming once the bullish trend will have ended very soon.
It's likely that the bearish trend or correction will be coming soon. Im still hold my altcoins at this moment.

I am not entirely sure the doge one is true. I mean I do think that ETH and BNB will break over ATH in a year or two, when the bull run happens, but that is eth and bnb which are the top names of course they will go up.

Doge on the other hand is a meme project that went up due to hype created by Elon, which means if he pumps it again then it could happen, but if he doesn't do that then it may not get that high ever again. Could it break over ATH? If he tweets about it at least once per day, then it will definitely break it without a doubt, he did that for a while back in 2021 and that's how it got so high, same could happen. But if he doesn't do anything about it, then there is no way that it could go up that high ever again.

some holders may hold their coin until it's value is 0 because they believe their coin will go up during a bull run, but in reality the project is not strong when facing a bear market.
and finally suffer losses, holding altcoins can make people rich quickly and also poor instantly.
so be wise to choose a coin that you will hold.

If you bought the doge coin on impulse, there is nothing to panic about. But what we often do is that we don't buy when the price of a token is low and when it goes up we buy at a higher price,And when the price goes down, we regret it. However, Doge Coin is a good coin and Elon Musk is standing behind it and there is a chance that Doge Coin may even go to one dollar in the future.It is better to hold onto it than to sit at a loss.

 Because as soon as the market recovers, the Doge coin will once again appear to be moving upwards. I've bought tokens that have subsequently dropped far below their value but I've held onto them.And almost as often happens with many traders, buying at a high price makes the price go down.But the best strategy is to buy more if the price goes down.Selling at a loss can never be the right decision.

Instead of choosing Doge as a long term investment asset by buying and holding it, then I just have to say that scalping is what is recommended. I mean, you can take advantage of the hype or FOMO to make profits as soon as you can if you've seen the value of your assets have increased, but if you're doing it for the long term then of course you have to be patient about timing and gamble with hope.

Even though I believe that at another time your investment budget may return to normal, but rest assured you still have to hope for more hype coming from Elon Musk, that's what happens to most people who invest in Doge. But you can hold and don't have to accept the loss, basically if you don't sell it then you don't lose your coins but only lose their value until you see the profit later.

It's just that tweets alone aren't enough anymore. Now people have already understood where these tweets are going, so his mentions don't fuel the price too much. In addition, now there is not so much liquidity in the market to pour it into all sorts of projects, like doge, so we need scale here, we need people to have another hysteria, so that Musk again bolted DOGE to some product, like buying Tesla CyberTruck for Doge, and it happened on the wave of the general bullrun, then maybe DOGE has a chance to shoot up to $1.

I think honestly after over a year of bear market that we are due for a pump. I have been buying XRP, NEAR, 0xMR and I'm doing Zealy bounties to get some coins before they even list on exchanges: Q Blockchain, zkSYNC, Lamina1 etc.

Absolutely. Tweets can not ensure massive support nowadays. In the open and fast digital age, everything is spreading like light yet more and more people are harder to be manipulated. Dogecoin is solely reliant on the hype created by Elon Musk and not every time works or works that well. However, I still believe Dogecoin has a chance to go through the bear market and eventually wins during the bull run.

I agree with you, because in my opinion if you want to get a big profits from investing in cryptocurrency, then you need to invest in cryptocurrency for a long-term, but of course the risks are very big too, so before you invest in cryptocurrency, then you must be prepared for the risk of losing your money, but my advice if you want to invest in cryptocurrency safely (small risk), then it's better to invest in cryptocurrency that are in the top 10 on coinmarketcap.

doesn't need to be holding long term, just moving around investments among the newest altcoin project could give better profit, it's just matter of strategy but holding coin when bearish and wait until bullish most of the time also works.

investment coin memes need a lot of patience but i think you choose the right coin meme coin doge coin coin meme coin meme is one of the good coin memes for investment compared to other coin memes though not all of them support you but your steps are right and don't back down don't be easy provoked by others because later when the price of Doge Coin goes up to the moon you will feel. they are just spectators, I'm sure you already understand about the investment risks that still exist and we have to live with them.

Yes, now I understand the investment risks and try to live with them. The price fluctuation of Doge coin does not bother me now because I don’t care about that any more. All I do now is just wait for the next bull run, which I believe will come soon or later next year. I have no idea if this mindset is good enough for investment but it is the best option I can make for now.

I'm sure everyone has experienced a condition like you are experiencing right now, and I have experienced it too. and I continue to hold the altcoins that I have until they can increase again. and yes, in the end the coin went up again in the previous bullrun. and my advice is that you better hold on to the altcoins that you have to be able to benefit in the next bullrun. and even if in the next bullrun your altcoins don't increase then it's already a risk that you have to experience real losses.

Dogecoin has become very weak. Even the logo on Twitter helped very little. Most likely you need to forget about Doge

Altcoins will always make sense, while Bitcoin and Ethereum hold. It is logical that after a protracted bear market, a serious bull run will soon come. It is periodically viewed, and some Altcoins are not bad to pump.

You can't time the exact top or the exact bottom and to say that crypto is manipulated would be the understatement of the century. In my opinion the best way to make it in crypto is to buy stakeable cryptos like Q Blockchain, NEAR, and Polygon, stake them, and wait for the next bullrun and slowly cash out. If you play your cards right you might get rich just off of the staking rewards and you can keep your initial investment untouched.

I am pretty sure that some of them will switch, aside from that I think majority will be the same. I mean not the same altcoin, but altcoin nevertheless. There are a lot of people who sell out, we have seen that with the prices so far, as you can see the price dropped, but there won't be anything altcoin related specifically, not like people would keep bitcoin at a rate and sell altcoin faster than that rate, it will be sold equally give or take. Sure some coins may have some trouble and crash, that is individual and not general altcoin market.

And I am sure there will be some people who move from one to another altcoin as well that is common thing in the crypto world. But aside from that, I am pretty sure that it is going to be something decent, and won't have a problem.

Also, it's important to learn from our mistakes and not let emotions like FOMO guide your investment decisions. Take the time to research and analyze altcoin basics before investing, and consider diversifying your portfolio to reduce risk. Especially yesterday's incident, many panic sell. I think it's important to be an expert in reading the market. I guess, that's all from me.

Will altcoin holders survive until the bull run comes? The answer to that question is definitely yes. Altcoin holders will definitely stick around until that moment comes. Otherwise, his efforts will be wasted.

Not all altcoin holders survive until the bull run comes mate,
for example I always cut losses just to accumulate my favorite altcoins, because by holding we won't be able to recover quickly.
of course with that we can increase the number of altcoins that we will hold and sell them after the bear ends.

I think it’s normal to have some regrets when investing in volatile assets like altcoins. I have also made some bad decisions in the past, but I learned from them and tried to diversify my portfolio. I think you should do what feels right for you, whether it’s holding or selling your Dogecoins.

I'm pretty sure that even decades later, people will still remember projects like NeonLink. Remember my words.

well, it's no surprise that the Doge came so far down to this point. after all, it is the Hype created by Elon Musk. However, it is very risky to hold the meme coin that is currently hype for a long time.
I've had a similar experience with Sovryn coins. It's just that I held the coin too long. The coin used to have a high price, but because I was too confident, I still held the coin until the price fell like it is today. Well, until now I still hold the coin with the principle, I will hold this coin until the price goes to zero, or when the price goes up again. However, this could be another lesson for the coins we will adopt next.

Altcoin is very risky right now, we can see the chart every month more dump than before and also SEC targeted many popular altcoin to indicate as Securities. Never do DCA or hold for too long, if we reaching price we want, just quickly for take profit or we will regret, meme coin,layer 1 or web 3 There is no guarantee that the next bullrun will go up. Be aware with situation of market

I have had many similar situations. Basically, after participating in Bounty, I held coins for a long time and their price dropped noticeably. Therefore, my recommendation would be to determine how much you want to receive and, when approaching this figure, sell coins in parts (for example, 40, 30, 30%)

Be vigilant and care about your money, it's better to get into bitcoin and do DCA Bitcoin is more secure because the price of Bitcoin will improve in the end. But Altcoin prices will be affected by Bitcoin and some Fud that appears. Altcoins have a lot of risks, even the top altcoins are threatened with an SEC decision and make their prices fall even more. we have to be vigilant and do research on any coins that still have good potential in the future besides bitcoin.

Whatever is happening to Bitcoin will always affects the altcoins market so we need to understand that if Bitcoin falls now, it will have crazy effects on the whole cryptocurrency market which can be a disaster if many of the altcoins projects doesn't have a string momentum to pull back not crashing out. There are projects that can not be existence when this happens that is one of the reasons why we need to invest in a good project that will not crash out any time soon. If we are the kind of investors that do more of research about a project before investing, that will keep us safe from rug pull and scam projects.

Never place your trust in anyone, whether it's Elon Musk or Zuckerberg, when it comes to making investment decisions in this market. They have both had their fair share of negative impact on the market, with some initiating bear markets and others deceiving others with the use of Metamask. It is crucial to approach this volatile money market with extreme caution, riding the wave only when the prospects are promising and exiting when the stars begin to dim.

Surely they would. Most people who are in the crypto scene right now have already learned their lesson from the past mistakes of other people. People will probably hang on to what they have until they see a movement upwards, and not just a simple movement, but rather a huge movement wherein every single crypto is rising. Afterwards, I'm not sure whether there will be left in the market until such time that the movement has stopped, and it's time to collect more bags again.

they definitely will,they don't have choice but to hold anyways since majority are still holding from previous rally and just doesn't seem to have the opportunity to sell.
their best course of action is to wait until their altcoin in general increase in value otherwise it will incur them loses.

Doing full research on a new project will help us not to fall for scam projects or projects that will be abandoned in the end. But that's not a guarantee that the top project will be a project that lasts a long time. there are some top coins that are even a scam nowadays. But Bitcoin is top and trusted. Bitcoin would have had a crazy impact on the market if the price had crashed and fallen, but now the price is recovering and some altcoins are starting to recover. we just hope that Bitcoin will remain stable and tend to go up.

A few months before Dogecoin did its ATH @$0.7+, there was a bet or so by some group of guys to pump it to $1. I want to believe that bet or pursuit is still active and there are some investors who still have that mindset that it will get to $1. That wasn't even a big feat to achieve going by the way it spiked to wipe off double zeroes. I believe Dogecoin will still zoom past its ATH when the market gets into this oncoming bull rally proper. Well, even if it doesn't get to a new ATH I still believe your entry point at $0.09 isn't that far from Doge's current price @ $0.07. It's less than three cent from it. So, I advise that you stick around and don't sell off. Greater things on the way a few months from now.

I once had experience with FOMO. And many of my friends are FOMO. I had heavy losses on SHIBA CFX and Sandbox when NFTs were all the rage. If you do the math I've lost almost 80% on those three projects mainly on Sandbox because I thought that NFTs would be successful. And from that experience I believe that there is nothing good about NFTs.

Usually people buy cryptocurrency during the rise of the market when price of the assets very high. They hope that the rise will continue more and buy assets. But always after the rise of the market there is a fall of the market and many people can not stop to have any profit from investment. During the rise of the market they buy more and more and do not stop. To have the maximum profit from investment it is necessary to buy crypto during the fall of the market.

NFTs more risky for investment that the crypto, and to earn money on NFT it is necessary to understand how they works and what profit you will be able to receive from NFTs.

My answer, that's not all, why is that. for some who have short-term views and trading, options are not the main choice. What I say here is clear, they target a daily profit for a regular amount and it usually varies depending on the amount of holding the coin/token they trade on the exchange.