Finding Strength in Adversity: Embracing Difficult Situations in Crypto
I remember plenty of such situations I thought I won't be able to handle but somehow I did managed to push through those situations.
There are experiences that taught lessons embracing those difficult times and getting better at it.
The time when I had to embrace this difficult situation
When we go through a situation that we've never witnessed before in life, it's always difficult and too confusing, it happened with me in my crypto journey when bull run was over and market went into a bear market.
I had no idea what even bear market is and people were giving hope that our investment are with great coins and it'll recover in a matter of time.
Image by Wilfried Pohnke from Pixabay
That time I went all into DeFi on a newly launched chain, in the beginning it was fun when I made quite some money and than lost it all in a crash.
The moment I started dreaming of making my dream come true from crypto - it all went down and I was like bankrupt.
I thought it's over and should give up...
There was that time when I lost my hope and almost gave up on everything, it happens when you spend months building something and than takes minutes to lose all.
But I realized crypto isn't going to darkest of times.. it's there to stay with opportunities around... I need to work again and grow from ground zero.
Spent weeks, months in grinding and learning new things and in my mind I always had this thought that in next bull run everything will become better again.
Image by Klaus Hausmann from Pixabay
The next bull run was my hope, I waited two years for this year and turned out not giving up in that difficult situation was one finest decision I've made.
I still remember in that difficult time I was alone, couple of times I thought to take help from someone I know but I didn't cuz I knew no one is going to help except myself.
The lesson in there
I believe mistakes that cost us life savings and fortune can be avoided most of the time only if we cared enough to learn and understand before trying out things.
I could've survived that bull crash in first year if I was doing risk management understanding fomo and all that influencers telling it will go higher is meant to go down.
It just a matter of time we stuck in a difficult situation and than takes months to get out of it.. like it happened with me, it's been more than three years and still somehow not recovered from the past damage but still grinding and trying to do better.
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You are the survivor and I am also one like you. But compare to other s my lost was not huge compared to others because I almost sold most of crypto when BTC was above 48k and I started to rebuy from 30k to below. Instead of it I lost maybe 50% fund. I just imagined their situation who was not lucky like me. Indeed I made many mistakes but I also learned from it. Indeed bear market was struggling time for all of us.
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My loss was of size that I didn't imaged to have ever in life. You did much better, I wasn't lucky. Those lessons are coming handy now!
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Investing in crypto involves a lot of risk so doing some risk management was indeed a necessity. One way I do it is by diversifying my assets.
Yea, diversity is the key!!
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You made valid points, bro. There is so much we don't know about crypto. And the good news is that there is so much we can know about it. That's how it works.
We've all been burnt at some point for making the wrong decision in this Crypto space. Some quit after getting burnt. However, you didn't quit. You've been doing your best to tag along and I'm glad you are now thriving in what you're doing.
Well Done, Bro.
You've got a really amazing post here boss and a very Impactful one I must say.
Thank you for sharing out this amazing content and opening my eyes more to knowing about crypto