Expensive Crypto Lessons That Can Save You/Make You Thousands
‘Experience is the best teacher.’ Fortunately, I’ve had many experiences in the crypto markets, and in this article, I’ll share four invaluable lessons I’ve learned.
I recently invested in a summer pass for a new bowling alley that opened close to my house. It would be a fun and easy way to bond with my kids and get out of the house. The only problem is I suck at bowling. The first couple of games, my kids destroyed me. They had bumpers and watched me in frustration as I chucked multiple gutter balls. After a few weeks and several more games, I’ve gained experience and can break the three-digit mark (something I had never done before).
While I’m still not technically ‘good,’ I’m having a lot more fun with the successes I have. Unfortunately, a gutter ball in crypto can cost tens of thousands of dollars (or more). I’ve thrown a lot of gutters. They always hurt and typically cost me a lot of money.
I’ve been drained for thousands, rug pulled for thousands, exploited for thousands, and not booked gains costing me thousands. I’ve lost large sums trusting companies to custody my crypto and overselling myself on opportunities. Regretfully, I’ve made some of these mistakes more than once…
