Losing is part of the game

Decentralized Finance speculation

Almost down 50 percent at the time of typing.

So I bought some NFTs

Not all that glitters is gold. It is part of any market I guess. And I am still keeping my PolyDoge Stake where it is. Even though my financial moves did cost me a 50% value drop in this specific case. Yes, and I'm even still compounding, not pulling out. This is because I took into account that I might risk all that I put in. That does not mean I laugh like a madman every time the value of my investment drops. No, I just keep moving forward with what I had planned. Knowing that with a promise of great gain also comes an increasing risk of losing it all.

With that in mind I did only invest what I am willing and can effort to lose. That is like a golden rule. Even though I am aware that there are many out there who risk all they have in the hope they'll hit the jackpot. And some actually do retire early after that. But I'm still here publishing, so why not about how I probably won't retire early? That is okay though, as I know that I'm not a financial miracle maker. And when I need to exchange some cryptocurrencies for real life issues, then I will do so. That is the real value cryptos have for me. To HODL endlessly is luxery to me.

Play on gambler

Yet, I now and then I put little bits aside. That will stack up nicely to become a speculation fund. Whatever happens to that is the result of the risks I take. And I remember buying Bitcoin {BTC} at 600 euro somewhere in 2016. Very scary, as I thought it might drop down in value. And at some point in time I did even sell my last Satoshi BTC. Somewhere in a lightning wallet some is left, but pretty useless as I see it. Will leave it there for the time being.

What I do like to do is to explore new kinds of blockchains and ideas build on top of them. And when Polygon Matic came into my view I did want do try some DeFi {Decentralized Finance} and get into Open Sea, the biggest NFT market on the planet. Recently bought some NFTs for close to nothing, now on the market for about 30 US Dollar a piece. When I told my other half about it she replied with: "Wow that is amazing. Well, then sell them already!" Which of course I did not do. As these NFT are very rare and minting will end soon. By then we could be talking thousands of Euro per NFT.

Dirty deeds done dirt cheap

Knowing how my gut feeling works, concerning financial investments, I probably should have gone for selling those NFTs. Instead I'm tempted to buy even more, with just 4 days of minting left. It is after all player money that I'm gambling with. And I know that in the financial realm it is known as speculation. But if I use that word I might give the wrong impression as if I know what I'm actually doing.

And I come across all those DeFi related publications where there is a lot of tech talk. Where most of the time the contract addresses are not mentioned. So even when I wanted to add them to my TokenPocket wallet I'd have to guess. And then it leads me to my Binance blockchain account while I want the Polygon Matic part. Next I have to Swap things and again what I want to get is nowhere to be seen. Which takes me back to an interface that does work in my TokenPocket wallet. That is why I choose to go for PolyDoge. Because I do not want to unlock a thousand locks before I can enter a new realm. That is no guarantee for a profit though either.

Winning means losing first

At least, that is what I keep repeating. But that might als mean that luck sometimes visits a fool, but it never sits down with him. Never mind the quote and the Chinese wisdom though. In the end it is about timing mostly. The ones doing this DeFi stuff as part of their profession live and breathe it. And I think 24/7, meaning automation. None of which even comes remotely close to my lifestyle. As I like to take long walks and ride my bicycle for hours. That wont make me any money, I know, but I'm having the time of my life while doing so.

Determination is part of the DeFi game, I think, if one really wants to make it there. Same goes for publishing on a media and application platform. Yet, when the sun comes out more and stays up longer I get the urge to get outside. Which also means that my investment value will drop for days. But I won't know until it is too late to sell and still have some value left. Maybe that makes me more of a seasonal speculator. It might well be that coming autumn (months away) I'll actually have more left than I started out with. But I'm not gonna hold my breath on that. Hey look, the sun is out, time to get out and about. Not ready to retire yet.

Have a great one!

Photo by me