When there is life, there is hope
Earlier this year in January, I woke up early in the morning with the hype of a certain coin and then my village people put the interest in my heart... I logged into my Binance app and started flipping the coin by buying when it was low and selling when it pumped a bit.
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It was going smoothly and I made some profit from the coin, but then greed set in, I knew it was the right time to stop but I told myself, Let me make this one last trade That one last trade cost me a lot because I lost the profit and also lost a huge amount of my capital, I am not going to mention the amount I lost but maybe sometime in the future, I might say it, my heart almost failed me and I had to crash on the bed for some minutes before I regained myself but still doesn't change the fact that I beat myself for being greedy and not stop when my heart tells me to stop!.
I was already at a loss but there is a saying that, You have not yet lose until you sell I wanted to watch the coin for a while hoping it would go back up but again I had a rethink, and I just could not deal with the loss and not motivated to monitor the trade anymore, so I converted the coin to Usdt and mourn my loss.
They said the heart of a man is where his money is, I kinda still check on the coin from time to time cos I just can't believe I made such a big loss that morning, what pushed me to it, I am not the kind of person that gamble big amount on meme coin the highest I do use was 100 dollars, so what happened that day still looks like magic.
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I checked on this coin again in the night and it had dipped from 13 dollars to 3 dollars, I cheered up a bit because if I hadn't closed the trade and converted it to USDT then the loss would have been 4x so I was happy I sold, but the loss I made still had an effect in my plans for the year... It ruined a lot of my plans but I learnt a lesson.
The best way to learn is by experience, what I experienced taught me a big lesson never to put a big amount into meme coins, I have stopped trading meme coins for now and it will take a while before I even think of going into it again, secondly that incident gave me some good ideas which I have already started working on and I believe the incident happened for a reason, when there is life, there is hope.
Apart from the money I lost, there are still other things happening in my life for the first time which is what makes a man... This 2025 is a year of transition for me... Great things come from enduring hardship, the beautiful diamond goes through a lot of rough processes before it becomes that shining diamond people admire, the first quarter was rough! and I can only hope the second quarter will be better.
Just call me Burl.
I am a professional gamer, motivational speaker and a crypto enthusiast
Discord: burlarj
Twitter id: burlarj1
Telegram: burlarj
God exists, I am a living testimony
Giving up is not an option, every hustler has a payday
Don't wish for it, Make it happen
Only Love can heal a broken Heart
I don't invest in meme coin but I can feel you because I also experience the same situation like you. I also suffered huge loss for the same mentality but I don't think too much about those as those thing can make me upset only. I believe that those kind of incident came to us to teach a lesson.
Time heals such pain, It no longer hurt but the damage is still not fully sorted.
That saying of not losing until you sell really gets to people. Oftentimes, you have to be really patient and wait for the price to drop further before it begins to climb again, and this is not even a guarantee lol. Memes hardly ever rise again sustainably after they've dropped, price wise.
yea some meme never rise again lol, one will only lose everything, and am glad i took the decision to sell everything before it crashed.
Personally I think we cannot establish contentment especially when there's a prospective profit to be made. One of the reasons why I don't trade at all is because I don't have a form of insurance in case I get burned.
Sorry man, bigger wins will come
yea, it is not easy to let go because of greed but I would be careful with meme now, and i would only play with it, no more risking big funds.
I discovered that it pays when you have a lot of money, but since we're all on manage-mode at the moment I guess na to dey do am with small funds
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I trade Forex and this happens to me a lot
One last thing can cost you all you’ve worked for earlier…
Do you do forex? are you still into it?
I can relate, Burl. Greed can make us lose so much especially when you want to stop but that spirit keeps telling you to go for more until things escalate and you start wishing you shouldn’t but yes, experience like this teaches us lessons to learn from. I’m sure the next quarter will be great for you and I.