With cryptos going higher and higher, I was talking with a buddy who mentioned he lost $10k+ on a string of open positions in crypto back during the peak of 2017 right when the market crashed.
He had the chance to close his positions but didn’t, thinking price would rebound, but it never did. He ended up still profitable, but he lost more than he gained.
I’m trying to put myself in his shoes and just can’t understand why he held on for so long. Can anybody relate?