FUD and FOMO in Banana (Apeswap.Finance)

almost 3 years ago

It is difficult to say where you can get a decent ROI in a Defi investment. We are still in an early setup of De-fi craziness but the fact of being an early adopter might get the early benefits from the others. Since we are yet to see much more evolution happening in the defi realm it is necessary to watch out where you are actually investing you money in. Saying that I went through both the feelings (FUD and FOMO) at the same day!

In the last few days I was able to roam around few De-Fi projects. Among them I have got around CUBDEFI and COMOS (Nightmare). I am in cub coz we know the project from the core and we sure think it has a bright future just like LEO did. But the fact is, CUB needs outside investments and in order to do that more partnerships or more publicities are required. We can not ignore the fact without investments a project will not sustain long term. Hence more the outside money flows in, the more faster a project will grow.

FUD and FOMO

https://apeswap.finance/

I was reading various conversations about Banana during the last couple of days. Tbh as far as I can remember when it was around $0.30, I was keen to see what actually happens. And I ignored it. Not sure why but from what I think I made a bad investment in COMOS. The ripple effect got me on this one. So instead of thinking of covering the loss from my COMOS investment I thought of staying out of any new Defi project for the time being. FUD! ;)

FUD again: Today when it was around $3, yeah guess what banana went bananas in a very short period of time. I was told to get in if I can, with any spare money at hand. But yeah that bad feeling got my hands wrapped once again and I did not have the audacity to get in during that phase as well. But when I looked at the price of banana today, I was dumbstruck. It went to almost $8. Crazy right !

It was kind of hard to resist lol. So as usual got in with an amount and was still surprised to see the gains happening over the time. But I kind of forgot what goes up eventually it comes down. Which exactly happened! As I was away from the internet, the unholy happened and missed the profit and it eventually got into my main investment.

Well this have happened several times in the past with me. Especially with the HYPED coins such as (safemoon,safemars etc). even though I made some nefty profits on those but still it sucks when you sould have taken genuine profits from your investments but you fall down on the other side. But I suppose its a nice lesson learned!

Always Take profits (which I usually do but these juicy times are intimidating lol)
Keep track of the market (Since there is no sell order to be placed, defi fact)
No short term entry (coz if things goes sideways you might end up holding that coin for a long time)
Use stop loss, this is really efficient. I know it sucks but do not get emotional over the fact. It is better to loose $10 than $100.

My profit margin usually stays between 5-100% anything extra that comes along the way usually gets from profit margin. I always try to secure mu initial investment at all times. These sort of pump and dump are quite common is crypto space. Better be prepared for what is actually happening.

Have you been into any new Defi portocols? If yes, do share. I definitely would like to explore more ;)