The worst investment of mine ever in Smart BCH
04-03-2022
Since I moved into Defi it's been now more than a half year and I'm loving it and making some worst decisions of my life as well not very much but still doing more mistakes and learning from it
I've been making mistakes when i was not in DeFi and there i lost more money than I've earned and in DeFi now things are getting more spicy because number of mistakes are being increased every day.
I'm investing where I shouldn't and even when i knew it's not good I'm still doing it.
No matter it's NFTs or just a normal sep20 tokens things are quite bad and i think I'm completely lost now
I'm feeling more like a noob or immature who don't even know what to do in DeFi and my desperation of making profit is making it even more worst
So I'm more like a patient who need real treatment and this would be the only way to not do more mistakes in smart BCH that's why Reminding myself with some of worst investments I've ever made in Smart BCH.
Making good investment in Smart BCH since beginning
I'm not saying that I was perfect in making investment since the beginning but more than 79% I was perfect in making good investment
Since i started Smart BCH was not that much big and TVL was growing that's why i was making profits and good investments each day
But thing which I can't forget now is those were the only good investments of mine and i was not good in making decisions
Worst in making decisions
I'm going to remind myself some of worst decisions I've ever made since then
Firstly and lastly the thing which make me worst in making decisions is "Selling" in profit so early and now I'm way behind because of early selling everything
Not being a diamond hand make me a worst decision maker and some of those are my regret till now
I can't control over my nerves since beginning I'm always quite possessive in making big investment and not taking out profits
Sometimes this make me perfect and sometimes the worse results came out.
Perks of selling everything early
I realised to hold way after I should've realised this before but now after seeing results and impact these last few weeks now I'm controling myself from staying away making worst choices and investment
Now some of things I won't forget selling too early
On top it's Bpad (selling more like 100k early was biggest mistake)
Selling CLY too early was one of biggest regret but that time i was away from Smart BCH)
Selling all cat's before it went to it's ATH.
And tons of other selling too early and missing out 10x, 25x and more than that
So if i would've simply hold all of those till now my portfolio would've been 100x from now
And the biggest one mistake which will stay on top was being away from Smart BCH a complete month when tokens IDO was going on and i was missing out everything (lawpunk) is one of them.
Some of worst ever investment in smart BCH
So many worst investment I've ever made in smart BCH since it's been 7 months and you won't believe me i got rug less than 5 times
I was away from beachswap because of bad vibes later they ran away, Mcash was a token that i decided to stay away and later found out that's rug
And this show how safely or scared i was always making investment but still some of them are worst
Taking Dex tokens on top of the list because every Dex I've invested came out a disaster and worst decision
No matter it's eben, mist, tango and cowswap all of dex was the worst investment of mine
Even now I'm in a huge loss investing in milk and mist or count emberswap as well.
Lost almost 2BCH in emberswap
I started making investment fearlessly and everything was going worst take ember as an example where i lost almost 2BCH in less than a week which I've been grinding since ages.
Though will make a separate topic how i lost and currently where I'm.
Investing in every NFTs
The next worst investment of mine in smart BCH is investing in every NFTs collection coming out lately
I don't own more than some giants and have less than 100 NFTs to be honest but only few of them were my mistake
Take cattos where i bought much and sold few as well but now they're not responding anymore regarding staking so it's useless now that's why I'm selling -50% all of my cattos
Now next one is Lads NFTs where i mint like "25" lads without noticing and each lad was cost around 0.025BCH and now I'm selling each lad for 0.01bch -75% loss
Next is wojack NFTs where i minted only 4 because of knowing it's not something to mint and price was much higher
So none of NFT yet sold and lost 0.2BCH there, and some others NFTs as well where i lost and got nothing except a jpeg.
Buying in the wrong time
Lastly I've noticed one thing we should avoid is investing all the time like this desperation will lead us to dig own grave and that's what happen with me
When i was seeing projects going down whales selling tokens i was investing and buying more all the time because of not a habit of seeing BCH stays in wallet for a second
And now I'm too late to realise that i lost 50% of my portfolio just because of this one bad habit of not holding BCH
So buying in the wrong time is other thing which made me took some worst decision and caused worst investment in smart BCH
Like invested in CLY in wrong time and lost 50%, investing in fire or ember lost 85% and more.
Investing more than can't afford to loss in small projects
In the end one last thing left is that i shouldn't have invested more than I can't afford to loss in small tokens
Like with just few liquidity i bought much tokens which crashed and lost around 0.2BCH in second
Talking about Meta yea someone sold everything and lost more than 0.2BCH i didn't expected this will happen but i learned my lesson and now onwards 0.0001BCH matters alot to me and I'll be more serious like i was in begining to avoid losses.
Anyways can't do anything except making good investments so from now onwards i need to change strategy and focus on things more.
Let me know what's your worst investment ever made in Smart BCH where you lost alot.
Just to be clear LadsNFT team is happy to have you patronise our works. I just want to inform you that Lads NFTs will be releasing NFT staking platform and the relaunch of Lads Website ( #NewLooks ) on the 15th of March so I would advice you to hold your LADsNFT.