The author shares his biggest mistake in ten years of crypto trading, resulting in a massive 96.17% loss due to holding ALPH long-term based on someone else's advice.
My Biggest Mistake in my 10 Years of Crypto Trading.
Since 2016 I joined crypto, it's been more of Day Trading and occasional spot holding with 95% of my trading revolving around $BTC alone.
The journey had its ups and downs but I've always came out on top with meaningful profits.
Started with around $300 in 2016, and at peak in 2018 I have turnover to $30,000+.
While only trading $BTC & $ETH on Spot, it was later on I ventured into other pairs.
But made my biggest loss as a result of a decision I made in 2025.
It all started when I decided to go all in on holding $ALPH for close to a year.
But that wasn't the plan from the beginning.
Normally, I don't hold altcoins for long but made that mistake.
A friend told me he was following $ALPH price action closely and it's time to buy. (Mistake No.1 banking on another person's conviction)
I looked at the chart and saw it has dropped from ATH of $3.8 to $1.2 current price as of January 2025.
So I also convinced myself it was a good point of entry with pot