Very glad to read this morning you have "landed on your feet" @jk6276. Especially nice to see a former competitor "snapped you up" given the opportunity. Speaks well for you!
Lessons learned. For me, I am unapologetically the long-term HODLer investor type. I will continue to be that with my long-term "prized asset" core HODLings and DCA, when I can - like recent (and continuing) DCA purchases of BTC and ETH.
That said, I think I will "adjust my attitude" when it comes specifically to my DeFi participation. Being a long-term HODLer in that area just seems to invite being uhhh ... "abuse" by those who know how to "milk" them ...
- Don't hesitate to get in and out of the DeFi token. Mostly out ...
- Trade in and out of whatever stable coin is offered. Mostly in ...
- Soon upon receipt, sell a portion of airdrops into stable, so at least some benefit was obtained.
I have come to this (for me) painful "reality check" after the largest losses of my time investing (since Aug 2017) - in a DeFi "very close to home" here ...
What I really do not like, about the above, is the inevitable aspect of deciding WEN to get in and get out. I have long thought "timing the markets" is a fool's errand. I truly believe those who claim they have done it successfully are a very rare breed.
More common? We hear only about the successes and silence on the "chokes" - overall they are in a losing position, likely a very bad losing position. Like say ... Going to any "fine gambling establishment" where "house rules" guarantee you are going to leave a portion of whatever you arrived with in their wallets on the way back out the door ...
"My wife and I have recently started home schooling our 2 kids."
Excellent. Our kind of people obviously, as we did the same, in our time. The reasons for considering this option have only gotten more uhhh ... "in your face" since ...
All the best to you and your family through this crazy, "new normal" time in our history.
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The biggest reason we did this is the kids were not really learning anything useful. The frequency of sub teachers, consolidated classes, and lack of staff is ridiculous. That, plus wanting to better guide the morals and ethics being taught, and help the kids become critical thinkers instead of sheep was important to us, for obvious reasons.
DeFi is an interesting beast, for sure. I'll approach it very differently during this rebuilding phase, and with much more caution. Ironic to have fallen for the hype, and spin, while having just mentioned critical thinking. Definitely need to practice what I am preaching more. Question everything and ignore the hype will be what I try to do moving forward.
I do hope that some of the positions you are holding, (stuck with so to speak) come good for you.
Lessons for us all, my friend.
Thanks, as always for the very considered and detailed response, and indeed for our off-chain chats as well. It is always much appreciated.
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