Learn something from the guy who did most things wrong

So to start, I wanted to write this little guide after being pretty fed up with all my crypto decisions I had in the last 3 years, so that at least some guys in the community can learn something from my mistakes and can try to avoid them them themselves.

Like many I first got into crypto during the last Bullrun in 2021. I dove in heads first and as a student with limited financial capabilities soon panicked, because while investing for the first time ever I just simply didn’t know what to do once the red started. So I just bought whenever it dropped. The thing is, I didn’t really end to go down, So I soon put in more that I wanted to.

In October/November 21 the Bullrun came back much more aggressively than before summer. Well, I could have stopped there, even with a nice plus, but of course pretty much everyone here just shouted all the time EOY 100k!!!! So as inexperienced as I was, I just waited, until the red began again. Turned out the red was much more bloodier than what I had already experience with from the few months before.

I didn’t have much money to put in anymore, so I started experimenting in 2022. In hindsight some crazy scams like all the super high APY projects like TimeWondeland or Luna just lived from guys like me, that were desperate enough to believe everything they were told, if it was packed in a nice little story with a bit of technical stuff sprinkled over it, that they didn’t understand, so I lost a good portion of what I had left with shit like that. Then there was Luna, of course I also felt for that when it went down.

When the markets were finally down from 2022 to 2023, I was so fed up with crypto as a whole that even now that I aquired quite a bit of money that I could have put into crypto without too much thought, I just didn’t, because I learned to like the feeling of a stable bank account without any movements that I couldn’t control.

Now that the markets begin to go up again, it’s just unbelievable to me, that I put so many thoughts into crypto, so much risk and so much anger after the last 3 years that when I had so many opportunities to at least get my money back, I just didn’t do it because I started to just accept my losses.

What I learned from those 3 years is to just to keep emotions as far as possible away from investment decisions. Every time I chose a really bad project it was just purely out of greed. Also in hindsight I find the normal fear and greed index to be pretty good as an overall compass to when to buy or sell. Just buy a little bit every week or month when the markets are on the ground, no matter how bloody it’s looking and no matter if it takes months or years to go bank up again. You will be greatly rewarded for sitting through all of that. For selling I didn’t find a good guidance yet. I’d just sell a bit whenever people get too hyped with the market and much when you start to do screenshots of your portfolio.

I hope my short story of misery was of help for some of you. I know it isn’t all that easy like buy low sell high, but after three years, it would look much better for me, if I just kept buying and buying when it was low.