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Don't be dumb like me. HODL
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A bit of background: I bought doge back in 2018 for .2-.4 cents. Again in March 2020, I bought more for .1 cents. By January 2021, I had (and sold) 180k doge for $1300 at .7 cents, feeling pretty pleased with myself (after being annoyed that I had missed several jumps to over a cent where I could have made great money).

But not pleased enough. So I bought back in, losing money: 260k doge for 1900 at .75 cents. Doh moment. Spent more AND got less bang for my buck than had I just bought more.

Which like an IDIOT I sold again the next day for around .8 cents, at a small profit. That was January 12, 2021.

By January 28, Doge was going off. Way off. I dumped that same 2 grand back into Doge for a measly 78k doge at 2.5 cents a pop. Four times what I sold it for.

And I sold that later that day, for double (5 cents). Then bought back in for more at 6 cents. A couple days later, it dropped down to 4 cents, and I poured money in to try to lower my average. I went from having 190k doge for under a thousand dollars, to having 250k doge for 2 grand, to now having just over 90k doge for $3k.

I guess you could say I finally learned my lesson. Now my average is about 5 cents per doge, when it could have been less than a twentieth of that - meaning had I put in the money I have put in now, I would have TWENTY TIMES what is currently in my account. Even had I just not sold, I'd have over 2.5x what I have in there now, which would already currently cost me $31k to get back now. And I'd have another grand in my bank account to boot.

Buy the dips. Hold. HODL. Doge is going to the moon, and you will be kicking yourself if you sell and end up with a fraction of what you could have had for a smaller investment.

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3 years ago