I used to be a steady holder of ALGO for years. I bought in 2021 at a similar pace to BTC and ETH at the time but damn has it crashed. When the markets started going down I just sticked to BTC and ETH and now I have become a BTC/ETH maxi, despite hanging on to the ALGO. I figured I’d hang on because it would come back up again.
Nope. I realized my over 80% losses over the winter and ALGO continues to drop even more. Even now it’s below $0.10. I think I would have gone down over 95% at this price I sold and converted it to BTC and it was one of the better moves I made as of late.
I really didn’t want to admit I had made such a bad mistake buying so much ALGO but sometimes you have to swallow your pride, be emotionless, and switch to what looks to be a better investment.
Anyone else get out of their problematic relationship with ALGO lately?
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