The term “Diamond hands” seems fancy but I think it only applies to anyone holding large bags of Crypto. Be it any Alt or the dominant Almighty Bitcoin. You have nothing if you haven’t taken any profit from your trading and stacks, a 50% profit taken is way larger than 10% loss is what they say(I mean what crypto influencers say). It took me some years drowning in the murky muds of the longest Bear Market I have experienced to realize this.
After the late 2017 massive crypto-Bull that saw all prices spiked, including my biggest bag of coins which was Steemit, we took some profits(most of us) and it seems the jolly ride will be on forever.
A foolish thought yeah? Well I was a noob and that was my first All our massive price high, so I paid some debts(part of capital for my the software business), moved to a new apartment and tried a couple of Visas to travel the world. Not knowing that I was in for a long ride.
To digress, a lot of people still think I am broke, that is; those from my family and friends that were low key auditing me because they had access to my wallets on Steem back then. Truth is, there were somebody big irreparable losses, that collided with the Negative things that happen so in our lives of the chain. That felt like a huge brokenness to be honest.
Firstly, in April 2018, I had my biggest lost.
My wallet that was worth $2000 was hacked by some malicious elements, I was pained and lost. I could have sold and lavished the money yeah, but I was holding on to that proceeds from a Twitter task I carried out and one the tokens which gained massive price growth to reach that worth.
All was taken, it supposed to be my flight ticket funds for one of the trips I had applied for visa for.
Then came the downward spiral of price crash, Steemit was going down the rabbit hole and stupidly I was been a maximalist without having much of it.
To cut the long story short, my five figure wallet turned a couple of bucks below $500. That was the major blow, aside stupidly buying the top of most of my holdings in ETH, BTC, SALT, DASH and a few others.
Nothing beats wallowing in self pity, especially when you know you could have acted smartly and not been in nasty situation like mine.
I wasn’t a pro trader, I’m a long term buy and Hodl breed so it was a long ride. Thankfully some of those losses were recovered but not all, that foolishness still haunts me and it feels I lost every hope in Blockchain blogging.
Aside the few trades I have goofed with and not setting stop losses, I think I have made some silly causes recently too but I don’t feel bad about it considering what Safemoon did, sometimes: selling quick to make quick gains could be a pain in the ass hence the term “Diamond Hands” comes to play!