Would 3 Cryptos I Regret Not Buying on the Dip
Greetings, Readers!
In the rollercoaster world of cryptocurrency, dips and surges are as common as the tides. While it can be tempting to jump in and out of the market, some missed opportunities can haunt us for years. In this article, I’ll share with you three cryptos that I deeply regret not buying when they took a dive.
- Avalanche (AVAX): The Scalability Star
The Missed Opportunity
Avalanche’s mainnet launched in September 2020, and its price hovered around $3 for months. In July 2021, however, the crypto world saw a major dip. While others were panic-selling, Avalanche’s strong fundamentals should have prompted me to buy.
The Regret
Within a year, AVAX had surged over 100x to an all-time high of $146.76. I missed out on this colossal gain because I hesitated during the dip.
- Fantom (FTM): The Ethereum Challenger
The Missed Opportunity
Fantom’s network went live in December 2019, and its token traded at around $0.008 in early 2021. During the May 2021 market crash, FTM fell to a low of $0.009. This was a golden buying opportunity that I overlooked.
The Regret
Fast forward to 2023, and FTM has skyrocketed to over $0.50. I missed out on a potential 5,000% return because I failed to recognize its potential during the dip.
- Terra Luna Classic (LUNC): The Phoenix from the Ashes
The Missed Opportunity
Terra Luna Classic (formerly known as Luna) crashed spectacularly in May 2022, losing 99% of its value in a matter of days. While many investors wrote it off as a complete loss, Terra’s committed community launched a revival plan.
The Regret
In August 2022, Terra Luna Classic burned 1.3 trillion of its tokens, creating scarcity and driving up its price. I missed out on this incredible turnaround because I had given up on the project after its initial crash.
Crypto Dip Regret Table
| Crypto | Dip Price | Current Price | Missed Gain |
|---|---|---|---|
| Avalanche (AVAX) | $3 | $23 | 100x |
| Fantom (FTM) | $0.009 | $0.50 | 5,000x |
| Terra Luna Classic (LUNC) | $0.00001 | $0.0002 | 20,000x |
Conclusion
Hindsight is always 20/20, but missing out on these three cryptos during dips has taught me a valuable lesson. When a promising crypto project faces a setback, don’t panic-sell. Instead, research the fundamentals and consider buying on the dip.
While I can’t go back and change the past, I invite you to learn from my mistakes. Check out our other articles for more insights and tips on navigating the crypto world. Together, let’s make sure we don’t regret missing out on the next big crypto opportunity.
FAQ about 3 Cryptos I Regret Not Buying on the Dip
1. Which cryptos do you regret not buying on the dip?
Answer: Bitcoin, Ethereum, and Solana.
2. Why do you regret not buying these cryptos?
Answer: Because they have all experienced significant price gains since the dip.
3. What caused the dip in crypto prices?
Answer: A number of factors, including the collapse of the TerraUSD stablecoin and the Celsius Network lending platform.
4. How much money could you have made if you had bought these cryptos on the dip?
Answer: It depends on how much you would have invested, but it could have been a substantial amount of money.
5. What should you do if you want to buy cryptos now?
Answer: Do your research and invest only what you can afford to lose.
6. Is it too late to buy cryptos?
Answer: No, it is not too late to buy cryptos, but the market is volatile, so it is important to be aware of the risks.
7. What are the risks of investing in cryptos?
Answer: The risks include price volatility, hacking, and fraud.
8. How can you mitigate the risks of investing in cryptos?
Answer: By doing your research, investing only what you can afford to lose, and using a reputable exchange.
9. What are the benefits of investing in cryptos?
Answer: The benefits include the potential for high returns, diversification, and inflation protection.
10. Should you sell your cryptos if the market dips again?
Answer: It depends on your individual circumstances, but it is important to have a plan in place before the market dips.