I fell for FOMO

[rarkenin]

Masternode coins and longer-term trading are better than investing all into single currency. If the basket is full of shitcoins then there are no many things left to do. Hassle free trading is all about long term trading.

[monineklutak]

at that time it was indeed the best time for crypto activists because at that time the market conditions were very good so it made perfect sense if the miners could earn a large income even at that time bounty hunters like me could also get a lot of income and because I believed that times like that will come again so I still want to wait and try to get as many coins as possible so that my assets increase so that when bullrun arrives, I can get good results, I think that's the best I can do now, instead of not doing okay then I chose to try even though the conditions were very difficult

[Annalise24]

Almost every investor experienced the harsh realities of the 2018 bearish market or way or the other.
But  I believe that nolmacy is beginning to return in the market and this could give rise to the bullish trend . When this happens, everyone will recover their loss.
.

[kindbtc]

Fomo is never good unless you are sure that the coin you are investing in is still undervalued and same goes for investing in other venues i have seen mining fomo was huge in 2017 and it ended in huge loss to big investors especially because not only they had huge energy bills but there was no buyer of their mining equipment after market was taken over by bears.

[funnec]

Mining will forever be profitable,though it might not bring in as much as it was bringing in before now but it will forever be profitable.As long as transactions are been made on blockchain,mining will be profitable.

[shadowduck]

definitely, mining will be profitable in the coming years and the POW algorithm will exist for a long time, but I think that many altcoins will go away and those which will remain will be transferred to POS

[Melo20]

If you had invested in Bitcoin during December, for example, you would have paid around $20,000 for a Bitcoin. This would mean that investors who took money at that time lost value and never actually recovered until now.

FOMO is also pretty terrible when it comes to investing in ICOs that end up flopping. Cryptocurrency FOMO is real, but make sure you don't end up losing everything like some investors did.

[Fammosh82]

The funny thing about cryptocurrency FOMO is that there's a lot of truth to it. You will miss out on some opportunities to profit. That's just the nature of the game. No one, not even the Winklevoss twins, have managed to have pure profit just from investing in every single opportunity out there.

[Adriano2010]

Mining can be profitable if the price of electricity is low to get a profit every month after pay electricity, but you can risk and mine altcoins and hold them for bull run if you affort to pay electricity from own pocket until bull run.

[OluwaTosin10]

Nothing bad if you fall for fear of missing out
But what matters is today; did you learn from your past mistakes ? And did you apply the lessons to present trades and improvement of your portfolio??

[kaya11]

I feel you broh, I was hooked up to that too when suddenly it goes beyond disappointment. At first it was cool but then when the bearish market arrived I stopped. I later on go to my parents house to mine there. As it is super cheap electrify for me because it was free. My rigs was in a good place and it has air conditioning to maintain temp. I did not realize the pain earlier, there are things to maintain that's one of the reason I felt I should just quit and buy then hodl.

[motun01]

The fear of missing FOMO out is a big reason why people lose money when investing in cryptocurrencies because then another experience about how to get search for investment purpose so when they listen to hype that is not the project they can easily fall for it and get scammed or lose their money to projects that are below level.
Always do extensive research before invest your money into any Project and stay safe.

[Reid]

It will still be profitable. But next time you need to consider some things.

Place. - Are you paying higher fees in electricity in your country? If yes then you should stop it. You will just lose a lot more than ROI.
Equipment - You need a better one to equal those who are mining now.
Coin - What coin are you going to mine.

You cannot just leap to the mining industry without even having thoughts if it is profitable or not.

[Wittny]

Mining is still paying and will continue paying, the only thing needed when dealing with altcoin mining is perseverance and strong determination. Losing with mining when bears come unexpectedly is sure but with time when market regains is shape, making good money is also sure.

[SlickMoTwoToe]

Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???

Mining etn it was for phone right? why you don't have back up on it, always remember that put a back up when having an important files, well you choose a right coin for mining or else your effort would be wasted because of the high bill on your electric currency for now mining is not good at the moment.

[Ben Shedly]

Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???

Thank. I will not be lured more into this kind of activity. I just finished selling my mining equipment just a couple of months ago. Of course I managed to make a profit, but I no longer want to do mining. To mining brings a good income you need cheap electricity, which I do not have.

[glendall]

the miners are now just patient and waiting for the market to recover,
I'm sure most of the miners prefer to hold the coins instead of selling them now,
because they know, in 2020 there will be a big explosion for bitcoin. because it coincides with halvng day.

[Globen]

Falling for FOMO is the biggest mistake any investor can make, if the price have gone high as compared to when you saw it, you could just leave that investment and then research for another good project to invest on, don't enter into an investment because you see people entering it, if you must venture into it, then have a reason for wanting to go into the project. FOMO could end you into a loss.

[jossiel]

No doubt that mining altcoins will be profitable again for non exclusive miners when the bulls return and this kind of topic must be discussed on Mining (Altcoins).

There's a bunch of experts in mining alts there.

The fact that most altcoins are heavily dump and they only holding a small percentage from its ATH, I believe it is profitable.
When you do mining and you will just save your mine coins waiting for it to rise again, it should give you a good profit.
The last bull run, coins turn over x10 of its price and that makes the miners more profitable.

When you are a miner, you also have a mind of a crypto investor to sell at the timing and maximize your income.

That's what the most miners did from the testimonies that I've read including the forums. They used their own funds to sustain the electricity bill so they can continue mining and looking for that hope that the coin they mine will skyrocket.

They forget about the daily cost of their operation as long as they are accumulating that specific coin, they are good on it. While waiting for that coin's time to increase, trading helps to continue making some decent profit.

[n0ne]

Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???

I started to mine ethereum by the same time you've mentioned. By that time it calculated to give an earning of 0.5eth after meeting all my electricity bills. Later as the price began to drop I was unable to settle my electricity bills, further I shut the mining rig. Hope the price will recover so that somehow I can get back the investment back.