Uh, as I’m getting ready to leave, I still need to apologize to the brothers. Earlier, I recommended Litecoin and BCH.
Those are the two coins that I truly misjudged this round; I don’t really know how to evaluate them. The main takeaway is that survivor bias is at work. The losses on my two positions in Litecoin and BCH—I will definitely remember them, and reduce the chance of making this kind of mistake again.
As for BCH, most of my position was basically wiped out, and all that’s left are a few spot holdings—doesn’t really matter. For Litecoin, both the futures and the spot positions are down quite a bit too. And those remaining few hundred coins, I’m not going to care anymore. Consider this money gone—paid tuition.
Those are the two coins that I truly misjudged this round; I don’t really know how to evaluate them. The main takeaway is that survivor bias is at work. The losses on my two positions in Litecoin and BCH—I will definitely remember them, and reduce the chance of making this kind of mistake again.
As for BCH, most of my position was basically wiped out, and all that’s left are a few spot holdings—doesn’t really matter. For Litecoin, both the futures and the spot positions are down quite a bit too. And those remaining few hundred coins, I’m not going to care anymore. Consider this money gone—paid tuition.