Have you ever felt that pit in your stomach when looking at your investment portfolio? On one side, anxiety, a constant companion for many of us, especially when it comes to money. On the other, the high volatility of the market and the pressure for quick results, pretexts for impulsive decision-making. In this post, I will recount my journey in the cryptocurrency market.
I graduated in Law from a public university in March 2020. The next day, a lockdown was decreed due to the COVID-19 pandemic. I am a young Brazilian from a humble family, and in that context, the diploma that once represented the hope for a better life didn’t hold much value. Companies were laying off their employees, the economy was weakened, and financial insecurity was knocking at the door. However, there was nothing to do but wait for the return to normality.
The quarantine period fueled my anxiety. Faced with uncertainties, the despair of being out of the job market took hold of me. I decided to look for alternative sources of income on the internet, and in 2021 I discovered the world of cryptocurrencies. During this period, I was bombarded with content about projects promising uncommon returns. Games like Axie Infinity were trending and seemed harmless.
Thus, I began my journey. With few resources, I sought projects in development stages or with reduced entry costs. Whenever possible, I injected a considerable part of my savings, seduced by the rising charts. I knew there were risks, but that didn’t matter.
Gradually, the projects failed and took my savings with them. I tried not to despair, but it was in vain; I needed to recover that money. I invested in several other projects and, at some point, I got it right. A cryptocurrency significantly boosted my financial contribution. I was dazzled, taken by greed, and didn’t exit at the right moment. Like the others, the project collapsed and took some dreams with it.
Currently, I only keep Splinterlands. I joined during a high period, and part of my assets in the game melted away, but the project remains solid and the community active, which is of great value to me. After the pandemic, I passed a public service exam. I want to state that I don’t feel ashamed of my failures. I learned a lot about finance and risk management, became a more conservative, less impulsive person, and distanced myself from the sin of greed. I became a bit poorer, but perhaps a bit closer to the kingdom of heaven—or not.
Take care! Don’t neglect your mental health!