I've been in crypto for a little over 5 years.
Here are the painful mistakes I made so you don’t have to repeat them:
→ When tokens pumped, I took screenshots instead of taking profits. Every time, the price dumped after.
→ I trusted KOLs who said, “this project will moon.” Most of them went straight to zero.
→ I refused to sell, always aiming for the top. DCA’ing out would’ve saved me so much pain.
→ I staked tokens with long unlock periods. When price spiked, I had nothing liquid. By the time I could sell, it had crashed 50–100%.
→ I held tokens that dropped 98%, hoping for a comeback. 99% of them never recovered.
→ I provided liquidity to volatile LP pairs. The APY looked great, impermanent loss wiped it all out.
→ I got greedy during big runs and didn’t sell. I held the bag instead.
→ After good wins, I jumped straight into new plays, without thinking. Most of those profits vanished.
You don’t need to be a genius in this game.
You just need to survive and surviving means managing risk, killing greed, and learning when to step back.
I've been in crypto for a little over 6 years.
Here's every painful mistake I made (so you dont have to):
1. Didnt farm defi summer
2. Sold thousands of $ETH at bottom in panic on March 15th, 2020 during the Covid Collapse
3. Locked my $CRV for 4 years at 90c buy-in cost
4. Locked my $CVX missing the top at $60
5. Missed $Trump, $Fartcoin & basically all memes bc I think they're stupid
6. Didnt sell into Trump's inauguration
7. Sold the bottom of Trump Tariffs to preserve capital for further downside
...and yet Ive still done ok along the way, and even remained consistently profitable... bc I took profit frequently and often. Could I have done better? You bet but if you second guess all the generational wealth you've lost/sold along the way youll go mad.
Despite all my mistakes, crypto has given me a comfortable life, paid for life saving medical treatments and given me some degree of freedom from banks. ROI isnt what it was when I started...but there is still considerable money to be made. 🍌
21,29 tn
2
Innehållet på den här sidan tillhandahålls av tredje part. Om inte annat anges är OKX inte författare till den eller de artiklar som citeras och hämtar inte någon upphovsrätt till materialet. Innehållet tillhandahålls endast i informationssyfte och representerar inte OKX:s åsikter. Det är inte avsett att vara ett godkännande av något slag och bör inte betraktas som investeringsrådgivning eller en uppmaning att köpa eller sälja digitala tillgångar. I den mån generativ AI används för att tillhandahålla sammanfattningar eller annan information kan sådant AI-genererat innehåll vara felaktigt eller inkonsekvent. Läs den länkade artikeln för mer detaljer och information. OKX ansvarar inte för innehåll som finns på tredje parts webbplatser. Innehav av digitala tillgångar, inklusive stabila kryptovalutor och NFT:er, innebär en hög grad av risk och kan fluktuera kraftigt. Du bör noga överväga om handel med eller innehav av digitala tillgångar är lämpligt för dig mot bakgrund av din ekonomiska situation.