Post
Topic
Board Beginners & Help
Re: Ego and too much confidence are dangerous in investing.
by
qwertyup23
on 20/02/2023, 23:21:17 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. I think I am not for crypto Sad.

Investing in cryptocurrency takes time. If you started last 2021, then you must have not fully comprehended or understood the processes of cryptocurrencies and its aspects. Just like a normal investment, it will take some time before you actually profit from it. Though the difference is that in cryptocurrency, you can either win/lose your investment depending on when you started.

Since you mentioned that you invested during its bear time, it will definitely take some time before you could maximize its potential. It has been months since the price of BTC has been stable around the $20,000 but you should take note of the incoming fork this 2024.