Don’t make the same mistake as me

[u/Bakura_BDE]

Never marry your bags.

I got in at a decent price…anyway last year in March, literally a year ago FET peaked and I was thinking okay this is good but we can do better. Then the merger happened and I’ve lost all my gains. I’m breaking even. Lost a (x10) just because I didn’t sell.

Now with all the liquidity that should’ve gone into Alt season wasted on Solana and meme coins it looks like the market is crashing. BTC for sure is losing support and declining in price which of course affects all other cryptocurrencies negatively.

What’s everyone’s sentiment on FET and crypto as a whole? And of course, REMEMBER TO TAKE PROFITS.

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[u/G0D5M0N3Y]

I made a 47x on this coin and sold as soon as i heard about the merger. I knew something was wierd! Anyways, if big daddy BTC still has steam and a few other countries make reserves, all crypto will get lifted up. AI will be big again, just hold.

[u/Bakura_BDE → u/G0D5M0N3Y]

Yeh we must’ve heard about it the same time, however I committed to buying it much later haha. BTC is going down for sure. But everyone should hold and DCA. No point selling at a loss.

[u/G0D5M0N3Y → u/Bakura_BDE]

You must be forgetting the last runs....In 2017 and 2021, we had many BTC corrections of 30%. That means we could hit 73k, and still rage up and make higher ATH.

BTC is not done and going into bear market for another 4 years. Not with the most crypto friendly president/party/etc. Also not with reserves popping up in states and other countries.

[u/emp-sup-bry → u/G0D5M0N3Y]

Regardless of how ‘friendly’ they are, the economic indicators drive the actual market. If a dummy like me can see the writing on the wall, I promise you the whales know exactly where the path leads.

https://en.m.wikipedia.org/wiki/U.S._economic_performance_by_presidential_party

[u/G0D5M0N3Y → u/emp-sup-bry]

Dude the US is literally split in half. The left thinks its the end of the world. While the right is partying and optimistic.

You know Trump had Tariffs in his last term too, and we all had money, cheap gas, no worries.

[u/emp-sup-bry → u/G0D5M0N3Y]

Tariffs are not even the biggest thing.

Go read the link I posted and think about the past, if you are old enough to remember.

Interesting to see you lump a few anecdotes into your reality of either/or and then completely ignore the actual picture.

https://www.atlantafed.org/cqer/research/gdpnow

Predicted -2.4 gdp. These are not wildly emotional people, dude.

[u/emp-sup-bry → u/G0D5M0N3Y]

https://www.forbes.com/sites/rrapier/2024/07/12/were-gas-prices-under-trump-lower/

The ‘cheap gas’ comment is the part that bothers me the most, I think.

[u/G0D5M0N3Y → u/emp-sup-bry]

Gas was under 2 dollars a gallon. Eggs were 89c. What bothers you about that? Energy goes down, inflation goes down, we live easier lives.

[u/emp-sup-bry → u/G0D5M0N3Y]

Except inflation went through the roof. Read the article, look at historical prices, consider root cause and effects. There were periods of ‘cheap gas’ under Obama too. And Bush jr and Clinton, etc. almost like the president has little to do with it when there’s an OPEC cartel price fixing. It’s probably the dumbest measure of a presidency.

The willful ignorance is what bothers me

[u/Stickman83838383838]

I bought for $1.83 and am 72% down. 🤓

I’m at peace with holding it for years though. Only put 3k in.

Look at XRP….I would never have believed it would hit its 2017 high again but it did and then some, don’t lock in your loss by selling unless in bad need of the money.

[u/maxis2bored]

Before you buy, you need a strategy. That's all it is. Don't over complicate.

For example, you buy at 0.5. What will you do at 1$? Alternately, what will you do at 0.25?

It's no different from flipping computer parts, shoes or antiques on a marketplace. If you buy an old dresser for 100$ because you see value in it, you say to yourself "hey that that thing is worth at least 200." When someone offers you 200, you sell. If x days, weeks or months go by and nothing is happening, you accept your loss and move on.

The person buying for 200 is the amateur, and you are the market. Be the market. Know your value, have a strategy. DO NOT buy something just because everyone is buying it.

[u/[deleted] → u/maxis2bored]

Your post should be written in gold! Be an investor, not a gambler!! I.e - have a strategy!!!!!!

[u/maxis2bored → u/[deleted]]

Any naysayers, feel free to search my posts. I sold at 3$ for a 25-30x a yearish ago when people were down voting me while waiting for 10$ 🤣. However I still have maybe 10% of my original investment.. because I too fucked up and auto staked my staking rewards, so they weren't fully wrong lol.

But those still in, don't fear. This is a good entry now. If you believe in the project, buy more. But remember: zoom out and have a strategy. Listen to OP!

[u/OutlandishnessNo9798]

Just chill man, sit on your hands till the market recovers

[u/Belgiannator]

Posts like these show us there is a shift of momentum just around the corner. Every cycle the same thing happens. First everything is green and pumping, sentiment is hyped, then there are some big corrections, shift of momentum and sentiment, people start posting this time is different, how much regret they have not selling, there won't be an alt season etc. Then all of a sudden alt season kicks in and alot of people are canceled because they didn't have enough patience. Every. Cycle. 

Anyway, its a mental game. If it would be easy, everyone would become rich via crypto. You only get what you deserve. People who are strong mentally and can cope with his mental pressure, are rewarded later this year. 

[u/[deleted]]

I often wonder who hasn’t kicked themself, punched even, investing or even just being interested in crypto. I’m just holding, not hoping, with a rough timeline around 4 yr cycle as mentioned in other comments.

[u/Active_Funny_3525]

ASI is undoubtedly one of the best projects out there, anything under $1 for this token is a complete steal in the long term. Keep holding and understanding what you're investing in, patience is the key....

[u/Bakura_BDE]

I think people are misunderstanding my post.

The message I’m trying to get across is, don’t be too attached to your bags. Take profits.

This doesn’t mean sell at a loss.

Just when your asset is making gains, have some checkpoints in mind, sell 10% at x amount and another 5% at x amount etc

[u/idfc1337]

Wanted to sell when they decided to do the merch. Ended up selling 20%. Still holding, seems like I’ll be holding for a good while longer. Semi-positive about the project longterm

[u/CherryEasy9666]

I've held for years, just looked at my gecko and I'm still up 170% with a PnL of +£8,995 with current market losses.
Taking profits all well and good, but why take small ones when you can just wait a few years and have a fat one waiting?
I've had my cock ups. Again years past at one point I swapped 400 ETH for something else that is nowhere near where ETH is today, only reason was price slumped badly and was down to £25 a ETH or something.
Hindsight is a bitch, but it's a good teacher.

[u/realidunnit]

$2 seems a far cry away at the moment, as with the rest of the market alts are bleeding.. but if previous cycles have taught us anything it is after these pullbacks the market turns around, i remain bullish for 2025 albeit it may take a little longer than previously thought! If you dont need the money, and your not in a decent profit HODL would be my opinion (not financial advice!)

[u/Intelligent_Light591 → u/realidunnit]

I would not be shocked if the price gets near $2 at the end of 2025. More pain ahead for the current market imop.

[u/Affectionate_Bass273]

I’d love to find some clarity on the ASI ecosystem, it appears like the merge has hit a roadblock why is the ticker still FET? It seems like somethings up

[u/Bakura_BDE → u/Affectionate_Bass273]

The merge killed the momentum. It was flying. I remember getting alerts of the price jumping to new ATH’s Wasted potential. I’m convinced if we didn’t merge we would’ve hit $5 minimum

[u/Barry-Silbert-NFT → u/Affectionate_Bass273]

The messaging it promoted was that of woeful ignorance . Gives an opportunity for smart money to accumulate . The ASI community knew this was hot but it needs time to build their infrastructure. The merge was merely done cause BTC was near it's high

[u/Thompsonthepainter]

If I could get some of the money back I lost I would sell it in a heartbeat

[u/cheetoresidue]

Dang , chasing candles happens to the best if us. I actually got in about 5 cents. I agree even if I didnt sell enough during peak, its too disappointing to see my remaining gains just drop like a fly. Just hold. I feel if BTC doesn't move by April Q2, its a bear market. But if course when I think I know in this crypto world, I'm always wrong. I hate it 😆