I have had to experience some dark times alone, in the which both family and friends couldn't understand.
The loss most times or the fear of loss opened my eyes to valuable lessons and the hope to rebound after such an experience lies wherein one doesn't stay flat faced on the ground.
Apart from myself, most companies too have had to crash or close down for reasons that sum up as unprecedented. I took the liberty to compile some recent programs that have failed recently with a message of hope to others and individuals that the best can still be gained from any of such awful experience.
No one would believe If they were told some months ago that:
• FTX would collapse,
• LUNA would go to 0,
• 3AC/BlockFi/Celsius would implode,
• USDC would de-peg,
• Interest rates would rise to 4.5%+,
• Major banks would collapse,
• The SEC would attack crypto, and
• Bitcoin will STILL be above $24k.
Here we are, and wherein these failed, others has risen to the challenge with better services and security against similar recurrence.
Am not about to give up hope, so should you.
•What ways have you exercised hope after setbacks or failure?
•What lessons can we learn from your experience?
I'm sorry to hear that you have gone through difficult times where your family and friends were unable to understand your struggles that happened to many of us. It's important to recognize that every person's experiences are unique, and it can be difficult for others to fully comprehend the depth of our pain and struggles.
However, it's inspiring to hear that you have been able to find valuable lessons and hope from these experiences. Oftentimes, it is during our darkest moments that we learn the most valuable lessons.
While it was really a sad moment when FTX collapsed and LUNA went to 0, and 3AC/BlockFi/Celsius imploded. Bitcoin outshines new altcoins that seem to prioritize enticing investments and capitalizing on people's greed.
Some new altcoins may focus more on marketing tactics that exploit people's desire for quick profits, rather than offering genuine value and utility. As a result, we need to exercise caution and conduct thorough research before investing in these coins.
For example, while USDC may have experienced a de-peg, stablecoins such as DAI and Tether have remained stable and popular. Interest rates may have risen, but platforms such as Nexo and BlockFi continue to offer competitive rates for users.
Setbacks and failures are challenging experiences that require hope and resilience to overcome. Accepting reality and analyzing the situation objectively can help identify opportunities for improvement. Developing a plan with measurable goals, building a support system, prioritizing self-care, and cultivating a growth mindset can maintain a positive outlook.
These experiences teach us that failure is part of the learning process, providing feedback and insight for improvement. Resilience, adaptability, and persistence are essential for bouncing back and achieving long-term success. Risk-taking is necessary, but we must also accept the consequences of our actions. Success is a continuous journey of learning, growth, and self-improvement.