I've been in crypto for a little over 7 years
Here's every painful mistake I made (so you don't have to):
• Doing transactions while in a hurry (you'll get rekt)
• HODLing tokens without conviction
• Failing to reevaluate my portfolio when market conditions change
• Being lazy to study where the true yield comes from
• Locking tokens for longer than one week
• Depositing into volatile LP pairs (lost out to IL even with high displayed APY)
• Getting too greedy and failing to sell skyrocketing assets (Ordinals, Runes, NFTs..)
• Immediately reinvesting after securing good profits (let it stay in USDC for a few days at least)
Some mistakes were more painful than others (like locking UST into Osmosis pools) but three things I did right:
• Have a degen hot wallet for testing out dApps with small amounts
• Don't get lazy to click buttons: See a trending app? Immediately try it out
• Stay open-minded, curious and learn by doing
I've been in crypto for a little over 6 years.
Here's every painful mistake I made (so you dont have to):
1. Didnt farm defi summer
2. Sold thousands of $ETH at bottom in panic on March 15th, 2020 during the Covid Collapse
3. Locked my $CRV for 4 years at 90c buy-in cost
4. Locked my $CVX missing the top at $60
5. Missed $Trump, $Fartcoin & basically all memes bc I think they're stupid
6. Didnt sell into Trump's inauguration
7. Sold the bottom of Trump Tariffs to preserve capital for further downside
...and yet Ive still done ok along the way, and even remained consistently profitable... bc I took profit frequently and often. Could I have done better? You bet but if you second guess all the generational wealth you've lost/sold along the way youll go mad.
Despite all my mistakes, crypto has given me a comfortable life, paid for life saving medical treatments and given me some degree of freedom from banks. ROI isnt what it was when I started...but there is still considerable money to be made. 🍌
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