There is no other market quite like cryptocurrency. It’s still brand new, unregulated, the Wild West, rapidly evolving making us dream about future possibilities, features volatility that can make us rich or poor overnight, and gives us back the power over our own assets. It truly could change the world. That is why we love the crypto market, but all of those things can drive us crazy as well.
The longer amount of time you are in the crypto market, you will come across many questions. Which cryptocurrencies should you buy? What is the perfect amount of coins that should be in your portfolio? Is it better to have a highly concentrated or well-diversified portfolio? What percentage of your net worth should you be investing in the market? What is the best way to find and research new projects? How can I earn passive income with my crypto? And the list goes on. If you have been in the market for at least a year, these are all questions that you likely already thought about.
But, there is one question that everyone encounters in crypto that often haunts them forever. It’s not something that you will likely encounter your first year in crypto, but something after you have been in the market for at least a cycle or two.
The question that will haunt you is the question, “What If?”
The more time that you have been in crypto, you will begin to see all of the opportunities that you missed in the market. That you truly had an opportunity to become extremely wealthy. If only you had done a few things differently. In some cases, it might be doing only one thing differently. Making one different decision, taking a different action, or not doing anything at all.
As your time in the market goes on, you will begin to see that making a lot of money in crypto actually isn’t that difficult. It is just a matter of having a bit of luck, good timing, patience, waiting, and participating in the correct activities. Any one of those actions could have been the factor that changed everything for you and made your “what if,” a reality.
I have had plenty of those situations myself. While I’m doing well in crypto and I can’t complain. The truth is that if I had just done one or two things differently, I would already be able to retire and move to a tropical island of my choosing.
Bitcoin
In the grand scheme of things, I got into Bitcoin at a great entry price. But, it could have been so much better. The first time that I heard about Bitcoin was from a family member when the price was under $100. They urged me to invest a decent amount of my savings and just let it sit. Knowing my personality, if I would have done that I would have wanted to go all-in. Instead of having a good Bitcoin portfolio, I could have been a whale.
Dogecoin
You might be surprised to learn that at one point I had a large amount of Dogecoin. This was several years ago when it was nearly worthless and the dream of reaching a price of even 1 cent was impossible. I owned millions upon millions of Doge. I joked to my friend at the time that I should just hold onto it just in case. But, eventually, I came to the conclusion that it was merely a meme coin that had no real potential. That I would be much better putting the money towards more Bitcoin and Ethereum. While those BTC and ETH buys turned out really well. The truth is that the Dogecoin I had would have been worth more than $10 million at its peak.
Trading Too Much
Just like with my Dogecoin situation, sometimes it is the trades that you don’t do that make all of the difference. In my experience, there have been many times that one coin I like is pumping and another coin that I own isn’t. I would begin to feel the FOMO and would trade all of that second crypto into the first. Naturally soon after doing this, the second crypto would pump even harder than the first. The amount of extra money that I would have earned by just doing nothing still haunts me to this day. To avoid this, I have learned to only buy crypto that I intend to hold onto for quite some time. Instead of trading out of coins, I will just devote more cash if there is a crypto that I want to buy more of. This saves me from the what-if regrets.
Airdrops
In the past, there have been several new projects that I have been very well aware of, following, and a fan of that would eventually give out airdrops. If I had just taken more initiative to be more active in the ecosystem, use the testiest, and experiment on the new protocols and projects, the amount of money I could have earned with airdrops could have been staggering. I have still done pretty well in this regard, but it doesn’t compare to that what-if scenario.
After you have been in crypto, you begin to see how airdrops typically work and you can better plan your actions to better qualify for them. As I mentioned above being early and active is key. Also using multiple wallets can really increase the amount you receive as well. I learned to get over my complaints of investing some money upfront to “use” the protocols, to be rewarded later. The initial fees are always tiny compared to the eventual reward.
These are only just a few of the what-if scenarios that could have completely transformed my portfolio. While those losses will probably be stuck in my mind forever. The truth is that after you have been in crypto for quite a while, you also learn that there will always be more opportunities. Just because you missed out on that one crypto that went parabolic, or on that incredible airdrop doesn’t mean it is the end of the world. With crypto, there are endless opportunities. All you have to do is show up, have passion, and participate. All the rest will fall into place.
How about you? What are your “What If” crypto regrets?
As always, thank you for reading!
