I've been hearing about this Binance IEO coin $MATIC for several weeks, but never really thought about getting in on it... But the more it kept going up and up and up, and people kept hyping it more and more and more, the more I thought about it.
This is the reason I bought some BTC last week after all, to take advantage of the potential rise of the market as Alts start popping?
So this morning I took a look at MATIC. The Volume just kept going up, so I thought it would be a good buy. I looked at setting a limit order about 75 satoshi below the current trading asks, but when I did the math, it only amounted to a difference of about 100 tokens. So I pulled an absolute FOMO and market bought at 526 Satoshi. This was off of the daily high of 573 satoshi but it seemed to be staying in that range, so I made my order.
Since then it has plummeted down down down.... hitting a low of 303 satoshi before making a little bit of a rebound to where it is currently trading around 375.
This is the exact same attitude that put me where I am today when I was buying up bags in 2017. I bought a bunch of bags thinking that the uptrend was going to continue to run, and then they went down.
I guess I needed to relearn that lesson to keep me from repeating the pattern over and over again if/when we have another alt season. I still have hope that some of my old bags will recover, but it has been a long waiting game. I hope I am not stuck holding this bag with all of the rest of them waiting for a rebound that never comes.