Post
Topic
Board Beginners & Help
Re: Ego and too much confidence are dangerous in investing.
by
UchihaSarada
on 14/02/2023, 04:47:31 UTC
2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol Grin. I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins.
You got lucky to win with your first investments, first months in cryptocurrency in 2021. With NFTs, P2E games, I think you got luck with them when you joined their projects very early. Because I think with Play to Earn tokenomics, the later you join, the more loss you will have and you will less likely get profit if you joined those Earn projects too late.

Rug pulls are popular with shitcoins that only listed on decentralized exchanges. When their teams done to collect money, they removed all liquidity on DEX and you have lot of tokens with value is mostly zero.

I hope you learned it and will only invest in Bitcoin.