The Thrill of the Risk: Lesson Learned From Risking it all in Crypto

My perspective about life is that our life is based on the risks we take and future we want to make have one simple cost and that cost is facing the consequences of risks.

everyone knows our action have consequences and so the risks we take today makes our tomorrow. For some people taking risk is more like a thrill they do enjoy in life and they're the kind of elites that have either nothing to lose in life or they don't care about losing.

I know how hard it is to risk even a penny in the stocks or than there's people who are risking their lives everyday.

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The Art of Taking Risk: Everything is Calculated

As a crypto moon boy I do take risk everyday and sometimes It is calculated and sometimes out of stubbornness that I'll degen into a memecoin and let it go to zero or a financial realm.

_{Image by WOKANDAPIX from Pixabay}

My biggest regret while taking risks is the time when I didn't calculated the results in my mind.

Believing on other words that someone said this might be the future and than investing on it is an uncalculated risk I've took more than once.

I remember every single time I took an uncalculated risk it turned out something bad since I didn't know what to do in that situation anymore.

This is why I believe everyone should calculate every single move, like why you're doing this at first and than questioning yourself where it'll get you and if something goes unexpected what are you going to do.

All these things matters when you're risking with the numbers that are your wealth.

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The time when I was taking high risks with nothing to lose

It becomes easy to risk when you've nothing to lose and in my early days in crypto like in first year I stepped into DeFi (smart chain) with capital as low as 20 dollars.

And remember the month was august when I started with that amount and since the chain was new and I was also new to DeFi I had no idea what I was doing most of the time.

_{Image by Miloslav Hamřík from Pixabay}

I took risk every single day and turned that 20 dollars to my first hundred in DeFi.

Slowly I started to understand things and since I had no fear of losing I kept on risking where it made sense.

Trust me, that was first time when I turned $20 to $5000 within four months and I didn't cashed out any single amount.

The worst comes unexpectedly

I was happily taking risk with less amount like as my capital increased to 5k, I started invested a sum of that and everytime I do invest that I was just losing the capital.

I didn't realized where I'm doing mistake and actually it wasn't even my mistake but the start of bear market when everything started to go down and I was in DeFi buying more dip of shitcoins that are doomed to go down to zero anyway.

_{Image by Alexa from Pixabay}

The risks I took made me 5k and than when things started to go downhill I lost it all in the sight and this is why I have had a bigger PTSD since that money could've made serious impact in my life only if I had cashed out but than I had this only dream of buying a home which wasn't possible with that amount but could've saved it.

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Wrapping Up....

Anyway one thing I realized is once you go through such experience than second time you can take risks like the way you did in first attempt.

This PTSD in my mind is bigger now and that's why I just rarely go to DeFi side of the crypto because of the scars I've got from it.

Well, in the end it is stupidity to take or not to take risks in life. Without stupidity it is just not enough and we should just keep things balanced.

fin.

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_{Thanks for reading.Greetings.}

All the content and images are mine except indicated. No copyright infringement intended. 18/04/2024.

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