Ego and too much confidence are dangerous in investing.

[sujonali1819]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

Hmm, this is happening to all. I assume only a few people in crypto can say they are not facing this in their crypto life. I also lost the chance during the 2017-2018 bullish market. The thought was the same as you, and hold them for becoming a millionaire lol (kidding). But my bad I was so stupid and lost them all due to the bear market starting.

[Maestro75]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

No man has it all when it cones to cryptos. We have our sad sides to share too of how we have lost money. Cryptocurrency investment is a luck type of investment. You can invest today and be in huge profit faster than someone who invested months before you. Sometimes it is even on the same token but at different time of buying it. When we get lucky and make money from cryptocurrency we should not start acting all too knowing and smart. That is the lesson we all should learn from your story.

[akuntester1]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

Everyone must have good or even bad memories of getting to know crypto.
I was a careless person when I first got to know the cryptocurrency world.
Because I just casually invested in some altcoins which ended up earning nothing and even losing.
Maybe you should also add that lack of knowledge, overconfidence and having too high expectations are bad things to start investing in crypto.
Apart from that, sometimes a person must be faced with mistakes so that a person can improve himself and can make valuable lessons to be successful.

[Rengga Jati]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol .

Being confident is actually good for our life, but exactly, being over confident will probably make different results and expectations. Moreover if over confidence is plus high egoism and without any wise decision, in investing these will be really risky. It is so pleased that you are aware by yourself of your mistakes, at least, if you are still going to continue, you have taken the experience and will not do the same mistakes again. But if you have given up and are not for crypto again, this may be the best for you. At least, you have learned much, not only in the crypto world but also in anything, you must be wise, not over confident with a high ego. If you want to continue in crypto, just ensure that you are ready, learning more again, and not investing in hype or shit coins again, focus on Bitcoin.

[LDL]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto

Before investing in cryptocurrency you must do a good analysis and then invest in cryptocurrency. If you invest on impulse, you will definitely face losses instead of profits. You invested with different Shitcoins in 2021 when the cryptocurrency market is hype right. Investing Shitcoins at that time would have yielded a lot of profit but if you hold them later, they are sure to disappear from the market or become zero. You are never likely to profit from them. So it is not right to invest in any crypto currency on impulse without analysis.

[JoyMarsha]

The crypto market is not something to be confident about when investing in any altcoin. What you can be confident about is bitcoin cos when the crypto market goes soars, bitcoin can survive it but the majority of altcoins don't survive it. They tend to vanish into the tiny air.

I have encountered a scenario whereby I was advised to invest in a particular coin that will do better because of the hype it receives from its investors without researching it. I was confident enough that the altcoin I invested in will bring many profits for me in a short time due to its hype and how legit it looked. That was my worst mistake ever and it thought me a big lesson.
From that day onwards, I decided What I can be confident about in crypto investment is bitcoin nothing else

[Viscore]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

You cannot tell you’re not meant for crypto just by experiencing your first losses, that’s part of the game. But let me tell you, having too much confidence in crypto is not good at all since it will develop an attitude that you know everything in crypto when in fact you’re not. And focusing on your ego is also not helping too. Instead, teach yourself to consistently learning in crypto, that way you will know how to value your investment and how to make them work.

[martyns]

A man who is over-confindent about the fact that the market will always be favourable to him will always suffer heartbreak because the market is never stable.Some persons trade with the fact that the market has been favourable to them before,so on that note,it will always be favourable to them,but this is really what gives them depression,because once the market is bad,it's bad,and there is no way you can recover the money already spent investing.There shouldn't be any Ego while investing,because the loss can always humble us.

[dansus021]

Your tittle was right ego and too much confidence are dangerous in investing. But you don't have to give up. Even me or everyone here makes mistake we are human far from perfect  damn I should being motivator right 

But that is true back '21 I make dozen of money at least in my local currency and I am do as you do I invest 90% to VC right and left and ending up turn into ash but you know what we get the experience that is the best, we can't change the past but we can know from the past that we can use as a tool in future keep it up

[jeraldskie11]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

Early success is not really a success. There's no short cut in crypto. If you feel that crypto investing is not for you, the you can go back and backtest your investment strategy. You can also seek an advice to traders who have 3-5years of experience and follow them. We have to bear in our mind that investing in crypto is long term, there's some people who got rich in no time but we can only prove that our strategy is working if you can survive your port in 3 years of investment.

[CryptopreneurBrainboss]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

Everyone can be for cryptocurency but they first need to be equiped with the right information for them to be a abel to succeed in this market. This is an unregulated market so you'll be getting lots of scammers and scam project been portrayed as a legitimate investment and when you don't have the right information you'll end up believing the lies they're spreading and losing all your investment in the process. Good time you have be wakened form the dream you were in as many don't get waken until they have lost so much that there's nothing left to be convinced of this been a profitable market.

Just imagine you invested all the profits you made into Bitcoin, you won't be feeling as bad as you're feeling now because there's an assurance of your investment not going to zero and hope of been even more profitable in the future as Bitcoin reclaims new highs probably after the halving as it usually does from past history. Bear market are perfect for learning, so I'll advise you use this time to learn more so you'll be fully prepared when the bulls begin to get active again. Staying informed on the forum is one of the way you can stay ahead of the industry as everything gets discuss here that'll help you in the industry.

[AakZaki]

this often happens to those who get big results early on. Earn lots of money from NFTs, P2E games and some airdrops which provide great incentives.
and then they mismanage the money, invest in some scam and shitcoin projects because they didn't do their research and end up being a rugpull and their money is slowly disappearing.
It's quite sad to see such an unkind ending. everyone needs to learn from this incident in order to manage money well, know good projects and not be careless in anything.

[cryptoaddictchie]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

Maybe had the same effect. It sucks that greed really came out of us when we wanted more. But time cant be swayed so better accept that and move on. But of course when given an opportunity again I would boy hesitate to take profits all those I have loss in the bull market. We just need to be wise and not so greedy this time afterall the market is just going up and down.

[Arenga pinnata]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

you're not the only ones who think like that, I think almost all beginners in the crypto investment field experience something similar to what you experienced.
but all of that is good, because after all that has happened, make yourself think longer and more mature in investing.

[Queentoshi]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

It is just a matter of believe and you must be that person who has a long time goal. There is nothing like being greedy when it comes to cryptocurrency, it is just your decision and you knowing what you are trying to achieve, I can buy a Bitcoin today at the rate of $60,000 and have a target, because I have the money and I don't want to put the money in the bank, so I will prefer to invest it on bitcoin for a specific period of time knowing fulling well that the price might go up. For me I prefer to invest in bitcoin them to put my money in the bank.

[tvplus006]

...Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . ..

Every second person can tell such a story here on the forum. And this is explained by the fact that it was very easy to make money in the bull market, even for beginners. But then the bear market came and most of them lost what they had earned earlier. But now you have really more experience, which will allow you to save your deposit.

[yazher]

At this point, if you want to come back, you will always welcome and consider to stick into bitcoins because no matter what happened with its price, it always bounces back through the years. Unlike those altcoins where you think that they will gonna make you rich once they are pumped when the Bull runs come, in reality, they will sink before the bull runs and their true colors will show and will not gonna make you rich because they will run away with your money and your investment will forever gone.

[pawanjain]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

That feeling of regret can make you feel shitty about yourself but don't lose hope as long as you are here.
Many of us would have committed the same mistakes as you did but we learn from our own mistakes and you should too.
Also, everyone becomes a good trader in a bull market but not many can survive the bear market.
Hold yourself up with whatever you have and wait for the bull run again and then take the profits out while you still have them.
Sustaining profits is the biggest challenge in investing where many fail.

[Sandra_hakeem]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

Having confidence pays off very much at some point, it all depends on the situation you're facing.
The truth is that you were overwhelmed by too much greed; that's exactly the reasons why you thought it'll pay even much more to invest in NFTs and all those bunch of scammy and shitty coins, that'll prolly devaluate as time fades , instead of appreciating.... Then when the same thing keeps happening, they'll simply fold up and your cash is gone.
Having confidence pays because you should atleast Trust the project you've choosed and that, should be from different selfproven observations.. onlike BTC, the survival time alone and its scalability could prolly convince anyone that's serious in having a good investment.

Sandra 🧑‍🦰

[qwertyup23]

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol . I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto .

Investing in cryptocurrency takes time. If you started last 2021, then you must have not fully comprehended or understood the processes of cryptocurrencies and its aspects. Just like a normal investment, it will take some time before you actually profit from it. Though the difference is that in cryptocurrency, you can either win/lose your investment depending on when you started.

Since you mentioned that you invested during its bear time, it will definitely take some time before you could maximize its potential. It has been months since the price of BTC has been stable around the $20,000 but you should take note of the incoming fork this 2024.