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Stupid Things I Did With My Cryptos!

**Disclaimer**: The purpose of this article is only to share some of my mistakes, regrets, and my actions which I consider stupid, in trading and in managing my cryptos in general. This is not intended for financial advice. Always read at your on risk. I have been in the crypto-verse for quite some time now, but I only became so engaged in the last quarter of 2020 because of the influence of other users on this platform. From just being a frustrated writer, I became a frustrated trader, farmer, and investor. During these times, I surely had a lot of mistakes with my trading strategies which I still regret every time I think about them, but I have learned from them too. So let me share them here to avoid the common mistakes I've experienced with managing my cryptos.

**1. Buying tons of shitcoins!**

Well, I couldn't deny the fact that I also made a decent amount of money from my gains with hunting shitcoins, especially with the **Elongate Token** before. However, I still lost all the profits I've earned because I reinvested them, or let me correct that with I **gambled** them with buying more shitcoins. Instead of having more **BNB**, I got more senseless coins sitting on my Trust wallet now which I bought for $30 each token before, but have only $2 to $0.53 value now. They became display that has no value. If only I held the BNB I spent on these shitcoins, I could have more profits now. **2. Buying Unfamiliar Coins**

I have a lot of unfamiliar coins on my wallet that have a huge loss too, but let me focus on this one. Do you know Swamp? I, who have it, don't even know anything about it. Well, I did some research anyway. But I just bought this token during the bull run when I took profit on my **BCH** holdings. I bought it because it has the highest APY on beefy.finance before so I staked it there. As you can see, I spent a total of **$180** in buying it but now it is only worth **$7.18** with a huge loss of **96%**. What an eyesore! I should have just bough back my BCH holdings I sold back then. I don't know if this was rug-pulled or not, and I don't have any interest on it anymore. **3. Sold my Top Coin for New Coins**

I'm not gonna look at CUB as if it was a bad investment because I still believe in this project with great team behind it. However, just like what I did with BNB and BCH for shitcoins and unfamiliar coins, I sold all of my **ETH** for CUB. As a frustrated investor, I tend to go all in on coins that I believe will give better returns, but with this one, I'm not so sure anymore, especially that ETH seems to have a very bright future. Lols I still have a huge loss (73%) with CUB and all I can do is to hope that it will recover soon. **4. Selling my CAKE Earnings for meme coins**

I was holding a good amount of CAKE on my wallet so I decided to make use of it by staking it on the Syrup Pools in Pancakeswap. However, another stupidity I did is to convert my earnings into BNB and use it to buy memecoins. I even converted some of my **CAKE** just to add more of it because I was greedy for profits. Aside from DOGGY, I also bought BARKING and RADIO CACA (RACA). I couldn't track my losses from these coins anymore because I decided to forget about them when the market crashed. But now, I'm writing about them. Lols Aside from these switching from top coins to shitcoins, new, and memecoins that I have shared above, another stupid thing I did with trading is to **Buy Low, Sell High, and Buyback Higher.** (If you're doing this, I'm not saying you're stupid.) But this is what usually happens when FOMO (Fear Of Missing Out) kicks in. Unless you get to sell at a higher price again and decide to buyback at a lower price later on, you'll be at a loss if you always do this. I just figured it out when I kept doing this with my Bitcoin Cash. Instead of having more BCH holdings, I ended up losing a portion of it because of this stupid mistake. Lastly, **deciding to cut my losses then the price pumps afterwards**. This always happened to me. Lols It's like the market is trying to mess with me or maybe it's just that I don't have enough knowledge with Technical Analysis. I don't know how much money I have burned already by just cutting my losses but it's surely more than my own savings in the bank. These are just some of the stupid mistakes I did that make me regret but I surely learned something from them. Investing money in the crypto-world is very risky and you will just end up losing your hard-earned money if you don't have any idea with what you're doing. This is why they always say, **DYOR** (Do Your Own Research) and **TAYOR** (Trade At Your Own Risk). **Cheers to Learning From Our Mistakes!**

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