I got into crypto madness around September last year. From then I have experienced the true madness of the human nature: greed, false hope, ate the lies, took the bait, saw myself in the stars and ended up on the ground.
There were people from the start who have actually experienced a bear market and they always put a disclaimer, but they weren’t so vocal as the others right? Twitter told me all will be good.
I feel like a part of history that always repeats, how many idiots were like me back in 2017? But this cycle cannot just stop, both for crypto and for idiot investors.
I put around a third of my overall savings, which was not my money but GIVEN TO ME BY my parent’s (edit: I can’t believe the amount of people who can’t undestand I was given a sum and I didn’t just steal money, I just wanted to say they weren’t earned by me but I had a right to spend them), and hoped for the best, lost like 80% of it. Could’ve been worse, I stopped at the right time. Could’ve been smarter and not just HODLed. I’m not bankrupt and I still can afford to buy more than what I need sometimes, but it hurts my dignity like hell. I threw money hard earned by my parents and this is what hurts me the most, no matter the amount, and it hurts even more knowing how foolish I was and how I jumped in without knowing anything.
Now it’s different, the second worst thing I could’ve done is not learn anything from all of this experience. I’m a young guy (edit: 20 year old to be exact) and I now understand the world of investing and finance and how it all unfolds (the basics at least…). This all feels like a punch in the stomach that makes you learn something. Not a cheap experience at all, but now I finally understand what I’m sinking my teeth into.
I now appreciate more of what I have, I’m happy I didn’t lose everything (rip to LUNA hodlers) and I’m not touching this market until I have a constant source of income from myself and definitely going to DCA and only in fucking Bitcoin since everything else just seems to collapse.