Investing in cryptocurrency can be exciting, especially when new coins hit the market, promising high returns and innovation. However, not every investment turns into a success story. Like many others, I made some risky bets on emerging coins, including Portal, Ronin, Pixel, Ethfi, Cyber, and Alt—all of which, for now, turned out to be mistakes. I went long on all positions, but they didn’t perform as expected. Mistakes happen, and while these coins might rise someday, it’s clear that jumping in wasn’t the right call.
1. Portal
Portal seemed like a breakthrough in decentralized portals, but the project lacked momentum. Despite the hype, it struggled to deliver, and its price followed suit.
2. Ronin
Ronin targeted the gaming sector and seemed poised for success. However, development delays and competition left it lagging, sinking my investment along the way.
3. Pixel
As a unique NFT platform focusing on pixel-based art, Pixel had potential but failed to stand out in an oversaturated market.
4. Ethfi
Ethfi’s promise to revolutionize DeFi on Ethereum didn’t pan out. A lack of transparency and consistent updates eroded investor confidence, driving prices down.
5. Cyber
Cyber had big ideas about decentralized identity, but execution issues and unfulfilled promises led to its downfall, leaving investors disappointed.
6. Alt
Alt was marketed as a bold Bitcoin alternative but lacked substance. Without a clear use case or innovation, it couldn’t maintain its initial momentum.
What to Do If You’re Holding These Coins
#Mistakes If you, like me, bought into these coins, the best advice is not to sell while you’re at a loss. Selling in a panic only locks in losses. Crypto markets are known for their volatility, and while these coins are down now, there’s always a chance they could recover. Here’s why holding may be a better strategy:
• Market Cycles: Cryptocurrencies often go through boom-and-bust cycles. Even struggling coins can experience unexpected recoveries during bullish trends.
• Project Updates: Some of these projects might still deliver on their promises. Improvements, partnerships, or new developments could drive demand and price increases.
• Patience Pays: Crypto is a long-term game. Holding on during downturns can sometimes reward patient investors when the market turns.
Lessons Learned
• Do Your Homework: Don’t invest based on hype alone. Research the project’s fundamentals, team, and long-term viability.
• Diversify Your Portfolio: Spread your investments across different assets to minimize risk.
• Stay Calm in Volatile Markets: Emotional decisions, like panic selling, often lead to greater losses. Stick to a strategy and remain patient.
Final Thoughts
While my investments in Portal, Ronin, Pixel, Ethfi, Cyber, and Alt haven’t panned out yet, I’ve learned valuable lessons. Holding these coins may still pay off in the long run, but in the future, I’ll approach new investments with more caution, research, and risk management. For now, if you’re holding these coins, remember: don’t sell at a loss. Patience and a clear strategy can make all the difference.
