In various ways over time, @meno, do we all have some experience with learning some very hard lessons in life and hope others near and dear will listen to our warnings to avoid going down the same road? While I do know sometimes these warnings are heeded, more often they are not. If so, what is it about the human condition that explains this? I know personally how some of my own hard lessons could have been avoided, had I chosen to listen.
My own losses in crypto have mostly been linked to deciding to go beyond simply HODLing some and instead "put your money to work!" in various platforms under the Decentralized Finance (DeFi) umbrella. In far too many cases, it went to work all right. Out of the barn. Over the hill. Into the next county wallet ... 🥲
"It won’t be free."
No question, in my mind. "Something for nothing!" and "Get rich quick!" are powerful appeals, even though they are false. The "degen" label is associated with people who are endlessly chasing after them anyway.
Thank you for sharing your experience, from a very painful lesson. I hope you hear back one of these days, from someone who learned from it and thanks you.
RE: It won't be free - lessons in Investments