We gotta pay, in order to learn a lesson, we must pay. Otherwise, it won't be effective, we won't realize the worth of that lesson. There are plenty of free lessons and materials to implement in our lives but most of us can't eat them, we are not able to chew them properly to digest, they get stuck and we throw them out in the midway. As they are free, there won't be any loss if we don't continue or throw them away. If we had paid for that then there must have been some regrets or pain while throwing away.
Go to youtube, what do you want to learn? there are a vast amount of resources. If you dig with proper dedication you would find better resources than most of the paid ones available around us. There are no limitations, no lack of resources, if you get stuck somewhere you have thousands of alternative resources available to clear that out. We just need dedication, a lot of dedication.
So it was about learning something, also in life, the same thing applies. We don't bother with the lessons that come to us free or without paying any significant amount. Unless we are hit by something big, something that leaves a mark we don't seem to realize. You know what, I just learned something burning my hand. I knew this. Still, I went to try something foolish and learned the lesson once again. This time, it struck pretty hard, I don't think this one is gonna fade away soon. Not before I recovered from the loss did I have to pay for the lesson. What happened exactly? well, moving into that.
There is common slang in crypto FOMO(Fear Of Missing Out). This is a feeling that maybe you are missing something that the others are enjoying, maybe an opportunity you are missing. In crypto, we have seen many assets flying to the moon. Up up and up! but whatever goes up shall come down eventually. Every one of us wants to take that ride upwards but what's the correct time to jump in? and when to exit? these two things play a bigger role in the game. You may be thinking that this one is just moving up and up, let me jump in and eat the cake. But you would end up seeing the other starting to eat their cake before you could get yours and they ate your one too.
Well, I knew these too, I knew all this, how you can be lucky a few times! One good trade can give you a lot of profits in a similar way a bad one can take away a good chunk from you. Losing is a part of the game but as a fool? No, it's not the part of the game. You analyze something, know the fundamentals, calculate the possibilities, and then if you think it is wise to jump in then you should, in this process even if you lose then it's acceptable. I got FOMO'ed today, actually from the last night and today I jumped in and it backfired on me. Out of fear, I got out with a loss, a good one. It may start rising again, what if it doesn't? what if it goes way down from where it came? after jumping in I did the research and it was wise to take the loss and step back instead of losing all while depending on luck.
This post is coming from the mistake I did, writing the lesson I learned BY paying a good chunk. I knew this lesson from free resources or did pay a little in the past too but turned out to be less effective, maybe I forgot and paid again for that today, this time I am pretty sure that I am gonna remember this for a long time. Hehehe.