My State of Mind Investing in Cryptocurrency

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People who follow me or chat with me over on matrix neoxiancity am aware I took a massive lose in my Terra investment. The loses are pretty much amounted to $30k. This post is reflecting on my losses and what I plan to do about it.

Current State of Mindset

In order to describe how I feel now I need to briefly explain what happened. This won't take long.

Not even a week ago everything seems reasonable to me. The crypto market as a whole was sloping down but manageable. My biggest investment was in Luna and UST at the time. I slowly sold my UST for Luna as price of Luna steadily fell. Yet May 9 something change and it would only take a matter of a couple of days for me to lose my entire Luna/UST investment.

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On May 9th Terra's UST de-peg to the point of no recovery. In a matter of minutes the negative feedback loop of both Luna and UST was in full force and nothing could stop it.

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To those not familiar with a negative feedback loop the summary is UST lost peg therefore Luna was created to reduce the UST supply. The lower UST supply the more likely it will get back to $1. However demand for UST was weak and more sellers was selling UST. This lead to a swift fall in Luna as more Luna supplied. All in all Luna lost its entire value from low $80s to zero in a matter of 48 hours. Decimated there was a lost in confidence in Terra.

Here now I admit I took a significant loss in my crypto investment. I did not put everything in Luna but majority of my liquid asset was in Luna and UST. Having a couple of days to reflect on the aftermath all I can still have not fully absorb what has happened. All the countless hours I spent and research was all but a waste.

Or is it?....

Appreciate What I Have

In 2017/18 when I lost my investment in cryptocurrency I mostly fell of the radar in regards to crypto. In fact the only reason I stayed on Steemit/Hive was Splinterlands but know now if I had stick to crypto as a whole I would have been better off.

Hive is a great community to be apart of. So is some of the protocol work on Terra chain. In Terra I have never seen such great unity in developers helping and collaborating with each other. Yet the outcome was not what was expected.

Rather than directing blame for the past couple of days I had the time to rest a bit from crypto and look at what I have and where I am today. Even taking the significant losses I am still better now than where I was two or three years ago. Furthermore my key assets in Splinterlands remain and I can rebuild.

The time I lost can never be returned. Yet the money or crypto that I lost can be earned again. This lies in the core belief that I have is that crypto will get me to financial freedom. I still believe if I work hard enough and focus on key projects I will make it. There is nothing like it in the crypto space. People make and lose fortunes on a daily basis. I have to look ahead in anticipation for finding the next best crypto project.

Meanwhile realize the time I have left on earth is less now than it was two years ago. Mistakes happen but I can not let what I learn and built in the past be at a lose. 2018 I left and returned in 2021. This time I am still here and remain here in hopes to get a head start before the next crypto run. In short I am focused and still pumped for crypto.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!



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6 comments
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Whoever is directly controlling the V2K told me to kill myself.
They told me if I killed myself now it would save the lives of countless others.
Saying the longer I wait to kill myself the more people will suffer.


They are reckless and should have shown the proper media what they had before taking me hostage for 5 years. I know there are many in prison that dont deserve to be there because of this. Your stay in prison will not be fun @battleaxe and friends. People are going to want you dead when they find out what you did. I hope you die a slow painful death. You sick mother fuckers.

https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem

Its a terrorist act on American soil while some say its not real or Im a mental case. Many know its real. This is an ignored detrimental to humanity domestic and foreign threat. Ask informed soldiers in the American military what their oath is and tell them about the day you asked me why. Nobody has I guess. Maybe someone told ill informed soldiers they cant protect America from military leaders in control with ill intent. How do we protect locked up soldiers from telling the truth?
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Good Info.

!LOLZ !HBIT !BEER

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I think that is a good learning experience and billions were wiped off because of LUNA and UST. There are a lot of things to take away from it but the stablecoins need to be looked at. It can happen to any of them and algorithmic stablecoins will be looked at a lot more.

Posted Using LeoFinance Beta

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Stinks but I can not dwell on it. Getting older each day does not make room for sorrow. Need to learn form mistakes and avoid similar pitfalls. Key lessons to take away with Luna/UST is don't keep large assets in one chain. It is clear if key coin collapses all ecosystem tokens collapses. Another key take away is avoid individual leadership in a protocol. Do Kwon push and lead the how thing. This is not ideal if we want a decentralized system.

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