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RE: Crypto Crash: Lessons for the patient, and those who wish to be
Thanks for the excellent comment.
Yes, an important thing to remember about crypto is, this is a market where you can get in at the very beginning of a project. Many times, even before they have a working product, before anybody even has a tangible reason to believe in it. If the product comes then naturally the coin is worth much much more than it was in the beginning. Previously it was only very rich people who had the opportunity to get in so early. So it's weird compared to common stocks, but no so weird when it's put into perspective.
Of course, there's nothing wrong with taking some profits or rolling them into another project, even if you think your first speculation will go much higher.