History of  my mental break

History of my mental break

By The Value | XEND IT | 9 Apr 2023


I have to talk about my perspective on crypto and my over 2 years of investing in this market.

I started in 2021 in February with my first investments in Cardano, mana, and other coins that were hyped on tweeter, youtube, etc. It important is that I have been in crypto before in 2017 but then I was a kid now I am a young man with my first salary from work so I remembered that in this 2017 bitcoin was so much cheaper and now crypto is growing so I have to go all in with all my money because there is no any more time to wait. Of course, that was a big mistake one of the first mistakes that I made in the next 2 years so many that I got over 100 or maybe even more mental breaks. I was month by month investing 90-100% of all what I got randomly. My decision was like, ok I got xlm, xlm is 10% down from my buying price so I am going all in. The first "success" was when in May 2021 BTC was on new ath, mine alt's was pumping like crazy I was in the market for 3 months with all in it. I was in shock, I was in FOMO, and I was confused. I brainwashed myself in some way that I think it's gonna be even higher. Even if some people were talking about risks, even though I remember the bubble from 2017 but still, I am not selling, I was still buying. I was holding hard "diamond hands" I guess, then next 2-3 months dump in the holidays I was broke but still, 3 next salary month by month still goes to my cryptos random portfolio zec, xrp, xlm, btc, bnb, ltc, dash, stx, enj everything I remembered from 2017 or was shilled in socials. My FOMO was so drained in my brain that it must have another pump like that last one in May and by the end of the year new ATH on BTC, that was the best confirmation for my theory. Again alt's pumping, I am in the bigger FOMO than last time but this time, I was taking some profits from the market. Then all of the profit was distributed to coins where I was under my entry price... And again mental breaks after another. The market collapsed, and I was holding a 50% portfolio on Celsius. Celsius stops withdrawals. I have never given up even after that, I decided to gather more money and wait for bigger deeps on market. I have 2k$ invested and with my new strategy of going into something new to make a big chance, I got StepN in 2022 on M2E FOMO, before FTX collapsed. I invest 1k in that after a few months I was -70% on investment, M2E trend was dumping hard. FTX collapse my other coins were dumping some even more, like 90% and more. Again mental break, again and again, nothing changes. I decided to educate, and I realize after all that stuff I have to know something I didn't know. So I started doing more research on projects, I was learning about defi, how to trade where I lost a bunch of $ again because of my stupidity, learning how important is to have access to my assets, not hold coins in 3rd parts company like Celsius. I was dca on btc slowly with a small amount like 100$ I get to 25k$ average price for BTC from 55k$(some of them are still on Celsius). I was looking for some gems, and I found XEN from the beginning I was into it, last month I converted 50% of altcoins I have on exchanges, etc. to have eth to mint Xen, I missed even here so many occasions in the whole Xen ecosystem because I was that scared after all of this was happening to me and after all of this I am still getting mental breaks, last one was yesterday about not investing that much I can in Xen but that's not a good way to think it is a poison. That's why I am sharing all that stuff with you. If someone has a similar to any of my experiences, remember to take a step back, look at everything with a clear mind, logically think and do your thing with a plan, don't make my mistakes learn from them.

If you notice you are in FOMO, stop, and take a break. Better not to do anything than work in amok of fear of missing something.

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The Value
The Value

One person's freedom ends where another's begins. https://x.com/baxpian


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