Tough life lesson for sure, but one that will help you grow and hopefully make better decisions in the future. A lot of these ICo's and coins in general are just trash, but the capital coming in and the way the slow release of funds works aloows them a bit of time to hide the fact tthat there is nothing more than just an idea behind something. Seems like new coins are coming out on the daily, it can be tough to sift through all the dirt to find a gem sometimes. I like the idea of buying a little more steem each time there is a dip, buidling that account, plus the passive return is great.
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I have definitely made some better decisions since then, but I still make a fair chunk of mistakes too :)
I bought a few alt-coins that turned out to be trash, not because they were based on bad ideas but because of bad execution/implementation. STEEM might be one of those, LOL :)