Whatever you do in life should be done to the best of your ability leaving no room for any regrets. Mistakes will be made and this is how we all learn and by making mistakes we become better at what we do. That is the theory we all have been told on what should happen as long as you recognize your mistakes and don't continue to repeat them.
When you apply that type of thinking to the crypto space where you hear that 90% of "investors" have lost in crypto you start to wonder what is going on. I think we have to be careful calling everyone in crypto an investor because that would be misleading. An investor you would presume is smart and would know what they are doing. I know I am in the 10% because I am 100% up as all my crypto is profit which is why every investment I make is researched and calculated reducing the risk.
For those that have done their research knowing that the crypto cycle is roughly 4 years long the question is how can you mess up so badly? The truth or reality it seems is that most crypto "investors" have done zero research and tend to follow others or trends.
Only a handful of meme coins will do well and that is out of millions. This is why you have to invest in meme coins before everyone else to have any chance of making profit. Pyramid shape tells you all you need to know.
The problem with this tactic is you are not the first one and could be buying exit liquidity placing you on the backfoot. I still do not understand anyone who is serious about crypto buying a meme coin especially when knowing there are crypto's with genuine utilities crossing over into real life use cases.
Who can forget Safemoon which is ironic with a meme coin with the word safe in it's name that was rug pulled.
We are still early and crypto in many ways follow the character of the individual and how much risk you are prepared to accept. I would classify meme coin investors as desperate trying to make a quick buck instead of growing their overall value through researching crypto projects.
The longer we are in crypto the closer the mass adoption is to happening and those holding a portfolio of absolute rubbish the less likely they are to achieving life changing wealth. I know someone who has roughly 80% of their portfolio in Dodge and you have to question their sanity.
The problem is when the market starts changing and it will when the crypto's start to cross over into real life everyone who is still thinking about the next meme coin will be left behind. Some people are their own worst enemy and not prepared to work at anything and why there is going to be regrets.
Having no regrets is not gambling your investment in crypto, but actually taking the time to learn making sure your investments are going to perform in the future. I know the work I have done has never stopped over the last 4 years researching various crypto's weekly knowing that the majority of crypto projects have no genuine use case.
Posted Using InLeo Alpha
