Failure to secure a notarized written document when I lend my friend a huge sum of money. Since it is all an oral agreement, it is hard for me to make my friend pay his debt. The lesson I learned is that no matter how small or big we lend to other people, we must secure a written document about that debt with each party's signature and notarize it, especially when the payment agreement will take years.
That's a painful lesson, and unfortunately it's one that many people learn the hard way. When money is involved, trust alone is often not enough, even when the person is a close friend or family member.
- Being greed is one of the biggest mistake that i have done, back when ICO still on fire i made atleast x50 from my intial investment, im just doing like other reinvest my money profit again but someday i lose it all because i just keep going all in until bear market arrive and the project is falling and i got nothing
- Not patient enough, based on my old account in here, I should probably at least become a millionaire but because im not patient enough and weak hand now i got nothing
Making a 50x return is already an incredible result, but I can understand how easy it is to get caught up in the excitement when everyone around you is making money and new opportunities keep appearing. In a bull market, it often feels like the gains will never end, which makes taking profits much harder than it sounds.
Looking back at old holdings and thinking about what they would be worth today can be frustrating. However, it's worth remembering that very few people have the conviction to hold an asset through multiple market cycles without selling at least part of it.
