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RE: Ask Leo: What Have You Personally Learned From Terra LUNA/UST Collapse?

in LeoFinance3 years ago

The risk is in what you don't know!

This is a good point!

And don't over leverage or invest what you cannot afford to lose.

I don't use leverages (or very, very rarely do), and of course, another good point!

Diversification, diversification, diversification.

No matter how much you believe in a project.

I agree, to a degree. Of course, putting all your funds into one project is a mistake. Even if it's your own. But many of us in the crypto space suffer from over-diversification. We have invested in multiple protocols, tens of platforms, and hundreds of products/tokens. Sometimes tiny amounts, but they add up. And you certainly can't focus on more than a few things, so the rest go more or less on auto-pilot and you won't know there's something wrong with them until it's too late.

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