In a world involved in millions of problems, in the midst of our particular personal situations we find ourselves having to face economic adversities.
Personally, I constantly run into economic factors that seek to impoverish us as individuals (inflation, taxes, excessive regulations, etc.), but I muster up my courage and find myself always turning the situation around.
I have defended myself quite well in this, although I am not sure how much longer I can continue resisting, because it is quite hard. I mean the fall in the prices of cryptocurrencies so far this year 2022 does not exactly help me to endure the current economic and financial situation.
I live exclusively from my investments in cryptocurrencies and this year (unlike the previous one), what I have done is lose money. I invested in altcoins and ended up losing more than 50% of what I invested, which is truly unfortunate. In other words, being objective, I would have earned more by leaving my funds in USDT rather than investing them in any altcoin.
Experts on the subject say that you never lose if the project is good, except when it is sold, but the fact is that I have had to sell my crypto holdings to pay for expenses and various things of daily life. In fact, it seems that this year I have only dedicated myself to giving more liquidity to the market of certain cryptos, so technically speaking, I have only been the fool in the movie...
Although we are only in the middle of March 2022, this year has left me with an important economic lesson: "Never forget the important economic lessons".
I say this for the simple reason that I have lost by making mistakes that I knew perfectly well I should not make; for example, I've known for years that you shouldn't invest or trade in cryptos when Bitcoin is going down, no matter how good they look, no matter what anyone says, it doesn't matter at all... If Bitcoin is going down, you just need to stay out of the market entirely until it starts to recover.
The only thing one can consider buying when Bitcoin is falling (if you want to buy and if you have a lot of capital for it) is Bitcoin itself, the rest must be kept out of sight. But no, in January of this year I was reckless, I felt invencible... I thought that the drop in Bitcoin and crypto would be a slightly temporary thing, and I never thought it would be a complicated year... Serious mistake, because everything that It is happening to me, all the economic losses I have had, were things that I could perfectly prevent.
For the future, I sincerely hope to remember the great lesson I have learned in this 2022.
Thanks for reading me!
