I was hoping that such a day would never come.
I am about to share a shameful secret, an action I took in crypto at an impulse and I will forever regret.
I instinctively felt I wanted to buy a (small) quantity of a specific token and guess how much I have now
One-third of the amount in $
Not sure if you can guess which token this is.
It all happened pretty fast.
I was in Bitget app* doing some other things, when I saw that they had added the $MELANIA memecoin!
ref link
This was one day before the Inauguration of President Trump and of course after I had missed the chance to make some profit buying $TRUMP token.
I saw the Melania token at the tempting price of $8 and I thought...
Well, it sure will go up! Let me buy a few - and put a sell trade for $10
Guess what happened.
It is now at $3.71 and I dont think it will go further up for sometime.
So now I find myself at a very difficult spot.
I wanted to write about it so that I potentially help others to never take hasty decisions in crypto, or if you do - you have to take the risk that comes with it
The positive in this is that I have learned a lesson while I did not lose much money, I only bought $50 of it.
What would you do if you were in such a situation?
Has something similar happened to you?
I know that we only lose money if we sell it, but in this case I think that time is an enemy.
Hope to hear your opinions below and please dont make fun of me :)