Have you ever seen the price of a token moon. You deeply regret not buying more. Maybe you wanted to buy HIVE when the price was $0.2, but then it just started to moon, it reached $2, and you just regretted deeply that you didn't buy more.
In such situations, you often tell yourself that it the price ever drops to $0.5 or maybe $0.2 again, then you will spend all your savings and sell your house in order to buy more. Yeah, I have made myself such promises several times.
For example, the price of one VET reached $0.25 in November 2022. I then said that if the price would ever drop to $0.06 again, then I would buy more. Well, it has even touched $0.05, but I still haven't bought more.
I remember buying some $STRONG tokens when the price was $30. Then the price boomed to more than $1000 in November 2022, and I remember telling myself that I would just buy so much more if the price would ever go below $100. Well, today it did, but I still haven't bought more? This recent drop has come as a result of the upcoming STRONG to STRNGR upgrade which will start later today. Will the price pump afterward, or will the price keep on dumping? If I only knew!
Source: Pixabay
When fear rules the market...
I guess this is the time when you should stick to your promises, but you know what the true problem is? There is something that has caused the price to drop so much. Maybe it is the general market that has dropped, but no matter what, when the price has fallen this much, then you are so afraid that it will just keep falling, and thus, you are even more afraid to buy seeing the recent price drop.
So here I am, I haven't bought more STRONG and I haven't bought more of VET. Will I regret? I have a feeling that one day I will, but that day isn't today. Maybe it will drop even more, but if it does, I will become even more afraid to buy more tokens. This is a strange game of poker, isn't it?
We often say that we should stick to the plan, and I guess that is tempting for many of us. But, it is also extremely hard.
So, there is no wisdom in this article, except for some feelings from a guy who has a hard time sticking to what I promise myself about buying as the price is about to drop!