In Crypto You have To Adapt To Changes

Most times we get complacent with our crypto investment or should I say complacent with the way we invest because we are scared to make the wrong decision, this makes our growth stagnant and feels like we are not growing, sometimes its good and some times it feels bad. Another thing I have learnt to understand is trusting your intuition when its telling you to do something. FTX taught me a lesson because I followed my intuition and removed all my money from the exchange before the collapse, before I removed my money from the exchange before the collapse, I thought investing on the platform was the best decision I made 2022. One of my goals in 2022 was to have a lot of FTT, which I did, but later on, I felt the need to remove all my money from FTX and look how that saved me from the collapse.

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Since FTX collapse I have been having this vigilant feeling about centralised exchanges, I don’t trust any centralised exchanges any more, I was not affected in any way but I don’t need to be affected to learn my lessons. I have learnt from others, so lately I have been removing my assets from centralised exchanges. But while doing that, I started having this less trust in Binance and the Binance token, I have some BNB, but lately, I haven’t been feeling BNB at all. I wanted to convert some of my BNB into other low cap coins. Which is quite a good idea because, low cap coins have the potentials of giving you more profit since they are low cap and lucky you, if you got them at the early investor’s price. But I have been holding onto this BNB for more than 2 years and I have some sentimental attachment to it, which is not a wise thing to do. Because the market doesn’t care about your feelings, look at the LUNA crash, lots of people lost a lot of money and the market didn’t care about how they felt. This is what I told myself when I was having this change scare.

In crypto you have to adapt to changes because its an unending learning experience, you can never know it all and things change, a coin can be doing so well today, but encounters an issue and starts doing poorly, look at LUNA and FTT, some of the people that lost their money in these coins lost it because they were too attached and forming die hard fans, like the lunatics who saw the value of their assets dying off but they were buying more because they were “LUNATICS’. If you were having confidence in a coin before, but later need some reassurance about the coin, do your research about it, and if you do your research and its not looking right, change and do the right thing.

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