Member-only story

I didn’t sell any of my crypto today. Here’s the secret why…

Scott Debevic
5 min readMay 20, 2021

Last year I made the mistake of panic selling my Bitcoin and Ethereum near the lows in March. Trapped at home, I immersed myself in the negative news and feared that we were going to experience a rerun of the 2008 financial crisis where I saw my stocks and real estate gains evaporate. Panic selling my BTC and ETH was an expensive and painful lesson, but a lesson that I learned nonetheless. It wasn’t my first mistake investing and I’m certain that it won’t be my last. I decided that since I was stuck at home, I would dedicate more time to learning about the financial system and markets in general. I definitely haven’t figured it all out, but I have drawn some conclusions that you may or may not agree with.

It hurts seeing your portfolio get decimated when you wake up in the morning. For me, today was kind of like finding out that you are dating the perfect person and then find out that they are married with a couple of kids and have an STD and decided to let you know these things on your birthday in front of your entire family. In hindsight, it felt too good, too easy for the past several months and watching the crypto market climb to a $2.5 trillion market cap I had a feeling that it wasn’t sustainable. I had the feeling at a $1 trillion market cap also. After experiencing the last crypto bull run, I had expected more pullbacks that would…

--

--

Scott Debevic
Scott Debevic

Written by Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: scottdebevic@gmail.com

No responses yet