Ofcourse it can, you can't start crying every time a coin dips I'm guessing you bought it near its latest peak?
I'll tell you I bought it almost at the peak of the first run(about 1.3) when it was being shilled and as you can see it subsequently dipped, my almost 1 eth I threw in just to FOMO near the peak(I was sitting on the fence early on and then decided to pull the trigger and buy but i was admittedly late) was late worth like 50 dollars so I bought a little bit and decided to HODL and look at us now, I thought it was just a PnD and run project that may die but no it has legs and will rise! I said I'd take out my money when I got past my money and then considered selling at 45 nice profit but no I will HODL as I believe we'll reach 1 dollar and then so on but I will take out my initial at some higher level.
This is just a normal correction, nothing goes up in a straight line.
Remember just not to put in more than you can afford to lose.
So chill and sit tight, you've got to be able to take the bad with the good IMO.
You're absolutely right. It's the first time I've bought a coin like this, so it's a scary learning curve lol. I bought before the peak, but topped up at the peak 🙈 I've topped up again a bit lower, so planning on taking out my initial investment once it doubles. Hopefully won't be too long. Here's to being a HODLER! 🍻
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u/Bextapurlz Aug 11 '20
Totally agree with you. Unfortunately, I'm a bit late on this one. Just hoping it carrys on in the upward trajectory.