We in the crypto space would not forget today in a hurry, and we've seen some pretty wild, crazy times over the last decade. To see a token among the most capitalized in the World suddenly lose 99% of its value in a day is mind blogging, coupled with the downfall of a revered stable coin, even though many can say they saw that one coming.

While we empathize with those who have lost a significant portion of their assets (whether they decide to sell or not), we must also look out for the lessons from this episode because no investor is particularly exempted from losses. Volatility is the name of the game here and we must constantly remind ourselves that.

Now emotions are all over the place and am sure you've heard all sorts of opinions. Who wins in all this? Regulators. The IMF, World Bank and other DFIs will probably have some smirk on their faces seeing this; after all, it was what they warned us about. Let me not deviate too far from the point am trying to make, but perhaps why the DFIs have crypto all wrong will be another discourse for another day.

From an individual standpoint. a lot of people have taken a beating and probably do not need to hear this. However, for those who are just venturing into the space or thinking about making a subsequent investment, it is important to note that the search for quick and ridiculous returns comes at our own risk.

Many times we chase ROI without considering the substance of the project or how sustainable it is. No coin is immune from a crash, but you can often see in people's reaction all there is to know about that particular project. For those holding Bitcoin and other high value assets for instance, there is this assurance that comes with knowing a rebound is inevitable no matter how badly the price dips. The same cannot be said about some alt coins.

Some people even know fully the danger of investing in some projects but are lured by the promise of ridiculous returns. I have heard about a few special cases where people took out loans to invest in crypto all for the promise of returns. If you invest heavily in a project that has little hope for rebounding in the medium to long term then the motivating factor was probably greed more than anything else.

Matters Arising

Obviously we can't keep having these type of wild swings in the space long term, but be rest assured that the fundamentals that make blockchain technology so vital are still in place. We need to gear towards stability, and thankfully lots of projects and innovations are working towards that daily. These are trying times for the space, but one we will certainly overcome.