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High Risk, High Reward - Gains & Losses

All Cryptocurrencies

by COINS NEWS 149 Views

We all want a taste of a quick 10x investment.

High risk, high reward.

Personally, I don’t have the tolerance for gambling with my finances beyond 1% of my portfolio value. Even that is probably irresponsible to a degree.

Nonetheless, I still did it and still do it. Making small investments where I hoped for a 10x return.

Even though I mitigated the minor losses substantially, I still lost on these coins from irrational purchasing.

  • ENJ
  • AVAX
  • LRC
  • JASMY
  • ACH
  • SOL (prior to the dates mentioned below)

There we a few times I did succeed

  • DOGE
  • SOL

The key difference between the two. Media and social media coverage.

DOGE Bet - Bet: $50 - Buy / Sell: $0.0091 Buy - $0.47 Sale - Purchase Date: 01/19/21 - Sell Date: 05/09/21

SOL Bet - Bet: $25 - Buy / Sell: $10.04 Buy - $23.20 Sale - Purchase Date: 01/01/23 - Sell Date: 01/14/23

Not interested in either being a significant portion of my portfolio. Short term gains don’t equate to long term gains.

What sticks out to me the most is the abundant amount of media and social media coverage on DOGE and SOL during the buy and sale periods above.

Anyways, where have succeeded and where have you failed with your crypto gambles?

submitted by /u/Da_Notorious_HAM
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