I'd Rather Add Than Subtract
Sometimes when I look back at some of my wallet transactions from a few years ago and realize at what prices I was dumping ETH, I feel like kicking myself in the ass, if that would be possible.
Back in 2020 when the covid pandemic had just started the perspectives for someone like me were very low and the fear had managed to soak me in... Hence I started feeling like some of these high risk assets such as Ethereum had to be dumped.
I could have forced my way out of the pandemic with the savings I had, but somehow my crypto investor mentality wasn't that strong enough and that resulted of course in tons of lost opportunities.
I am having a different approach lately and instead of selling during these uncertain times I rather add to my portfolio, it is somehow clear now that crypto can't be stopped and it would be such a pity of sitting on "piles of cash" and not working on my alts portfolio.
Hence I started adding EGLD to my stack... I'm not buying tons of it every damn day, I don't even have that much money to do so, but I try and buy something every month.
We don't know where the market will head, it's all so uncertain... It can either go up or down :D, but if I learned something that's highly valuable, as a crypto investor, that is DCA. You buy no matter the price, and years from now when "we've mooned" already it wont really matter anymore at what prices you bought.
I've been buying EGLD between $130 and $140 per coin and won't be stopping any time soon. I am a bit frustrated that I haven't got into it when I first heard of it, at just a few bucks per coin, but it looks decent at these price levels as well. Elrond is a Romanian project with great potential and I want to have "my share of it".
What about you, are you adding anything to your long term portfolio?
Thanks for attention,
Adrian
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Yes, I am adding to my portfolio but it is more of coins with very low market cap and low price but with great projects and use cases. Specifically, I focus on buying coins less than a dollar in price. Could be because of the size of my capital or I feel investing in unpopular but solid projects will always yield a higher ROI
You shouldn't be too hard on yourself if you happened to dump some coins that did well later. It happens to everyone. Truth is, no one really knows what the future holds. On the contrary, there are some coins that we'll regret we held for so long without dumping. I have some of them so, you see, it's a really uncertain and risky space.
However, for the good projects, we should learn to hodl and instead of panic selling, stacking more through DCAing is always a better option.
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I heard about Elrond from the Altcoin Daily Youtube channel a long time ago, but never followed their advice to accumulate. There's so many times when those influencers miss it by a mile, but they happened to nail that one, probably going to be a successful project going forward.
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I know about it for so long... that's the pain, because I didn't believe in it.
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