I’m in highschool and I put about 1.3k into anchor just four days ago. I thought the APY was too high but I assumed it would just lower over time, not this… It was a stable coin, I thought I was doing the safe thing. I sold for a 1k loss which is about half of my net worth but honestly I’ve accepted it at this point. All of my gains came from crypto, and now all my losses did too. Luckily it’s not money I needed but it’s damn sure money I wanted and could’ve used. At least I learned my lesson early to do more research into something even if it looks good, and if it’s too good to be true it probably is.
Some words of encouragement would be appreciated to lift my spirits if anyone is willing, thanks for reading