I hear what you say. Investing early in DeFi projects is much much riskier, but when picking the right projects at the right time, the rewards are much much higher too. Timing is everything. I did jump on FOOKF, still hold a big bag and great profits just bought me a new top position in FOOK and even some more DEGENX at these low prices. Patience and timing entries ánd exits is key in low liquid markets for sure.
The 5,75 on FOOK AVAX but also the high FOOK price on SD is the result from the same and some other wallets having bought in big previously. There seemed to be some urge or need to always become the top holder regardless of buy price being high. Self-creating ATH after ATH, pushing the price to 5.75 for example. Who buys up to ATH and then keeps crushing its own ATH one after another on all these projects. I would call that trading against the market really... of course people with way less money to spend take profits on these big whale pushes.
One can question if 5,75 was a reasonable and logical price for FOOK at that time based on fundamentals. I think not. Price expectations were pushed far beyond by these wallets. I sold from those high prices downwards and today I bought back in at these dump prices. I never gave up on the project. I just took profits from it and waited patiently to re-enter. Timing is key. See what I am getting at?
On AVAX relaunches, I am only in FOOK, FOOKF, BURNIT and DGENX. Based on team, community and fundamentals, I am 100% confident these projects will deliver on their promises, envisioned tech and that price will thrive again. Hope you can see it too eventually and get back some positive vibes from it!
You say you never sell at a loss, do be aware you may have some top holdings that may never recover in price. Taking some losses now and then and increasing your holdings on those projects with a strong and active team, active community and developing fundamentals could easily recoup those losses. If you don't take action, the liquidity of those losing positions could slowely get drained out over time leaving you empty handed. Be careful out there!
