I’ve been seeing a lot of posts lately from people asking about certain projects, showing screenshots of DYOR (Do Your Own Research) projects.
Here’s my experience.
I burned a good part of my capital on a project called $ME. I invested $1k at $5.9. After listing, it dropped to $4.2, and I was at a loss, hoping it would recover. That night, it went to $8, but I didn’t sell, thinking it would reach $12. Now it’s around $2. I didn’t sell because I believed in the project, but I’m now $600–$700 down.
This also happened with $100 on another platform, now worth $1.95. That project was solid too but dropped a lot.
Moral of the story: ACCEPT THAT THE CRYPTO WORLD IS UNPREDICTABLE.
If you’re not ready to lose your capital, don’t invest, because you don’t understand crypto’s volatility.
I’m now a bag holder, but I did my research and believed in the projects. Things just didn’t go as planned. I’ve made peace with it, knowing it’s a small part of the profit I made elsewhere.
Avoid emotional decisions. Be systematic, study projects, and if they fail, accept it. At least the mistake will be yours, not because someone told you to invest.
ALWAYS INVEST ONLY WHAT YOU’RE WILLING TO LOSE COMPLETELY, and what won’t weigh on your mind if you lose it.
The tech world evolves rapidly. Maybe today we see $BTC as the king of crypto, but a year from now, something new could replace it.
IN CONCLUSION: ONLY INVEST WHAT YOU CAN AFFORD TO LOSE.
Love you all.
Here’s my experience.
I burned a good part of my capital on a project called $ME. I invested $1k at $5.9. After listing, it dropped to $4.2, and I was at a loss, hoping it would recover. That night, it went to $8, but I didn’t sell, thinking it would reach $12. Now it’s around $2. I didn’t sell because I believed in the project, but I’m now $600–$700 down.
This also happened with $100 on another platform, now worth $1.95. That project was solid too but dropped a lot.
Moral of the story: ACCEPT THAT THE CRYPTO WORLD IS UNPREDICTABLE.
If you’re not ready to lose your capital, don’t invest, because you don’t understand crypto’s volatility.
I’m now a bag holder, but I did my research and believed in the projects. Things just didn’t go as planned. I’ve made peace with it, knowing it’s a small part of the profit I made elsewhere.
Avoid emotional decisions. Be systematic, study projects, and if they fail, accept it. At least the mistake will be yours, not because someone told you to invest.
ALWAYS INVEST ONLY WHAT YOU’RE WILLING TO LOSE COMPLETELY, and what won’t weigh on your mind if you lose it.
The tech world evolves rapidly. Maybe today we see $BTC as the king of crypto, but a year from now, something new could replace it.
IN CONCLUSION: ONLY INVEST WHAT YOU CAN AFFORD TO LOSE.
Love you all.