You hear about the guy who invested $$ 500 in a memecoin and made $$ 100,000, but you don’t hear about the hundreds who invested $$ 1,000 and ended up with $$ 0.1. You also don’t hear about the ones who invested $$ 10,000 but can’t cash out their profits because these memecoins are illiquid.
Don’t beat yourself up for not “taking advantage” of this opportunity. Survivor bias is a dangerous thing.
It’s also sometimes confusing to have that gut feeling of going LONG (betting on the price going up) when logic suggests you should go SHORT (betting on the downside). In most cases, gut feelings run counter to logic, and it’s best to listen to reason. It is a great challenge to learn to leave emotions aside.
What do you think? Does the same happen to you?
