Since i got nominated by to do this, i might as well give it a shot. I kind of ignored this challenge because i didnt really have much to share . That being said, it was really fun reading a few posts. I know its for fun but its kind of educational as well.
As i said above, i dont really have much to share. My biggest loss i can remember is losing $50 buying the token DEC a few weeks ago.
I honestly dont feel i have ever made a "bad" investment (bad as in it really hurt) monetarily speaking so i will take the other angle in this post. Talk about "playing it too safe".
Crypto investing you can sum up in two sentences when it comes to this.
Those that FOMO get rekt. Those that play it safe, miss out.
Preferably you want to be somewhere in the golden middle. I fit somewhere in the second category and i have to say that missing out feels really bad as well.
Now, its not the same feeling as falling for a scam but theres still this sinking feeling afterwards.
My biggest missing out happened just a few months ago with the STEEM/HIVE split. There was all this drama, HIVE twitter was exploding, we were everywhere in the news and i just knew that this had to pay off, i wrote about how it would pay off. As we all know by now, it did.
About a week before all the listings happened i started hearing rumors about the listings, what might happen and which major one was supposed to be first.
The important thing was that it wasnt Binance that was first. If you remember Justin had a few mil on Binance and the Binance listing would potentially tank the price, not help it, which did happen eventually.
It more and more got talked about in the HIVE discord chat and i started thinking about going in. It was a sure bet.
But...
A few weeks before that i sold a bunch of Steem for Ethereum and made a pact with myself that i would not touch that ETH before ETH 2.0 launches. I considered ETH undervalued at the time and expected it to go up soon which it did just a few days ago, but not as soon as i expected.
Since i find BTC pointless ETH was my "safe haven".
So i was standing there at one moment, opened on my screen. Getting ready to pull the trigger. The deposit address entered. My ETH address entered. All i had to do was click GO.
And i didnt.
I played it safe. And that is something that will haunt me till the day i die. I knew it would happen, i had all the information i needed and i decided to go with the promise i made to myself that i would never take unnecessary risk.
Then #HIVE went 7x in a day or two and i lost the potential to make upwards of 20k USD on that 1 trade. Something that would greatly change my position in crypto.
Worst thing was that i didnt even have much liquid HIVE at the time so i couldnt at least sell some at those prices.
So yeah, thats my story of being on the opposite of FOMO side.
So which is worse in the end?
Not doing something you knew you should have or doing something you knew you shouldnt. ;)
The challenge...
@trumpman/my-most-shitty-investments-challenge-1-xel