One of my friends messaged me today, and he talked about how he invested in a certain project most people had warned him not to invest in. He ended up losing all his money, and it was so sad because now he realizes he should have put his money to better use by investing in the cryptocurrency that I've been advising him for years to do. The market keeps going up, and everything is bullish. My friend is unfortunate that he could have made a better decision, and he should have listened to my advice, but he did not. But who are we to blame for his mistake?
Should we blame him for not listening to everybody and later investing in a project doomed to fail? Or should we blame the project that they could not fulfill everything that they had promised? Because most times, when people invest, and it doesn't work out, they blame themselves alone. Some people blame the project, while others don't understand we also need luck to be on our side for most things to work, even though some people don't believe in luck. I strongly understand, but we must always understand that luck is part of life.
You can do it all but still fail
Sometimes, we do our research because it's one of the most important things to do when you are trying to invest in anything, we must do our thorough research and know if what we are trying to invest in is worth it. However, after doing this research, the project still ends up failing. It's not because we did not get our research right or the project did not do what they promised. Sometimes, it is because life happens. there is always a chance that something might not work out, and that percentage of that chance of not working out later happens. What should we blame, then?
We have so many people out there who have invested in hazardous things, and they are not even worth it, but it later paid off, and a perfect example is meme coin. We all know how risky this coin can be, most people just throw a few dollars in there without doing any research or without knowing anybody behind the project, but they are doing it because some meme coin has become worth it in the past and No matter, people get rug pull in investing in Meme coin people are still willing to invest in it and some are still becoming billionaires for taking the risk. What should we call that? Is that not luck?
Luck and reward work together, you must be willing to accept your fate no matter the outcome.
Investing is always accompanied by an inherent risk, and there are no guarantees of success in any project, for instance, we have some projects that are considered low risk, but this does not imply a surefire reward. Similarly, some high-risk projects have a chance of succeeding, which could eventually lead to success. It's crucial to acknowledge that investing in cryptocurrency or any other asset entails a level of uncertainty. Investing comes with risks and we must always be willing to accept the outcome of what we invest in.
Thanks for your time.
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It sucks to hear that he lost his money but not every investment will work out. I also think people need to be critical of their investment. Ignoring red flags will not really help in the long run because you should invest in the best assets.
Sometimes, I do wonder how we can do it all yet still fail. Life indeed happens, sometimes. And we can only learn from our mistakes and work on getting it right the next time. Investing can be a tough task, but I think focusing on strong fundamentals is a great way to be well rewarded in the long term.