The first buy in a presale is easy: FOMO and conviction are high.
The second buy is when you actually find out what you believe: when the price drops after TGE and the initial excitement fades.
The narrative that made sense at the sale price is harder to hold down 40%.
Most people don't average down. They wait for a recovery that may or may not come.
The investors who do well in presales usually had one thing figured out before they bought: what it would take to make them buy again.
@BoringBiz_ In today's market it's probably more like "interview for 100 different companies, get rejected from all. Now you're stick with a baby and no income"
@unusual_whales It's true that we are in the time and age to be able achieve that more than ever but you still need the effort of a full time job to get there