Oh, the day I lost 15% of my net worth because of a single bet/investment. This was after a period of months during which I had already lost perhaps 30% of my TNW (Total Net Worth).
It hurted so much. Soo much. I felt dumb. Unlucky. That the world was unjust.
I proceeded to analyze why I did that investment, and if it was a bad or good idea. It was indeed - I didn't know enough about that investment, and I realized I was essentially gambling.
By the way, in my view, most people that invest in crypto these days are engaging in a form of gambling; or in a Ponzi scheme where they try to be on top of the pyramid. (if you disagree, there is no need to downvote me - just comment on why you disagree).
I realized then that the hardest thing to make, or keep, money, is discipline. Greed and FOMO are your enemies. The best lessons are the ones where you pay a high price. No pain, no gain, applied to investment.
It hurted so much. Soo much. I felt dumb. Unlucky. That the world was unjust.
I proceeded to analyze why I did that investment, and if it was a bad or good idea. It was indeed - I didn't know enough about that investment, and I realized I was essentially gambling.
By the way, in my view, most people that invest in crypto these days are engaging in a form of gambling; or in a Ponzi scheme where they try to be on top of the pyramid. (if you disagree, there is no need to downvote me - just comment on why you disagree).
I realized then that the hardest thing to make, or keep, money, is discipline. Greed and FOMO are your enemies. The best lessons are the ones where you pay a high price. No pain, no gain, applied to investment.