My Journey in Crypto: Part 3

To cut a long story short, over the next few months, I learned a hard lesson about margin trading—it can be brutal and wipe out your funds. I ended up losing up to $20k, and it took me over a year to recover $8k of that.

I started off well with trading, using small margins, but it eventually turned into gambling. One morning, after being glued to my computer for over 24 hours, I realized I had lost nearly $20k. Some of that money wasn't even mine, so I had to figure out how to repay it.

At that point, I found myself deeply depressed and decided to swear off crypto entirely. All I had left was $2k worth of BNB, which I had bought at $12, so I decided to forget about it for a while.

About a year later, I sold my BNB and managed to get back around $8k. You can imagine how I felt when I saw BNB trading at $500-$600 per token a year or two later. Despite missing out on that opportunity, it taught me my first smart strategy: sometimes, just holding onto your tokens (HODLing) is the best approach, especially when you lack a clear plan and sufficient knowledge. Of course, I'm referring to tier 1 tokens like $BTC , $ETH , and $BNB . Even SOL, which hit rock bottom, eventually recovered and remains one of the leading ecosystems today.

This was around the end of 2019, I believe. Over the next two years, I stayed away from crypto, missing out on the bull market, but I returned in 2022 with a solid plan.

We decided to assemble a team and delve into farming airdrops, starting with Play-to-Earn (P2E) games like Mini Royal and Sandbox.

To be continued soon...