Some of you may be too young to have been investors in the 90's. Though you may not remember it, you may be living through a similar point in investing history. See if this sounds familiar. You have the feeling like you can't lose. Every random investment you throw money at seems to quickly double or triple your money. You seem to be on fire. Then, over a a few days, you see your investments dump 50% to 75% or more of their value. Then, remembering what your economics teacher taught you about dollar cost averaging, you throw more money in. Things start to recover and you pat yourself on the back for being a genius and buying the dip. Before to long though, you start to see more down days in the market than up days. You find yourself with that regret of 20/20 hindsight wondering why you didn't sell after you tripled your money because now you are sitting on losses. Heavy, heavy losses.

In the hay day of the Dot Com boom any company that had a catchy name or grabbed a good domain name like Pets.com you could just throw money at and you'd triple your investment in a short amount of time. I remember being a young investor and buying stocks like AOL, or a company that made video cards called 3DFX, and seeing $1,000 turn into $6,000 seemingly overnight. Then when the bottom drops out you have that regret of not selling sooner.

Fast forward to today. Everything seems very similar. You can throw money at any catchy named cryptocurrency and see it shoot up in value. Then eventually those days come where you check your portfolio and see the losses mounting. Day after day you see your investments going down by 15% or more. Until you are in the red on your original investment. Feeling that same regret over not selling sooner.

It comes down to the age old problem of FOMO, fear of missing out. Just like no one wanted to pass up that opportunity to get in early on that new hot tech company. This time it's wanting to buy that ICO when the coin is $.001 and being able to be the person that boasts about how they got in early. The problem is sometimes chasing that dream of catching something early causes you to throw too much money at the Pets.com of the crypto world.

All is not lost though. Just about every company saw their stock value go down in the late 90's and early 2000's but in that sector of stocks there were also companies that saw their stocks drop, but survived going bankrupt. Companies like Apple and Amazon fell but ultimately they survived, and thrived. Giving anyone that bought during the panic selling HUGE returns.

This might be where we are at right now in crypto investing. It might be time to consider swapping your altcoins that you just threw money at because they were cheap and you were hoping to get in early, and instead pick ones that you genuinely believe in and just ride out the storm. Don't forget that blockchain technology in actuality an impressive innovation and one that could be very well be the next really big thing. You just need to focus on finding the Apple and Amazons of the crypto world and hold on until the market corrects itself and the Pets.com of the crypto world disappear into obscurity.