Well, There is Quote On internet,
DON'T LET THE INTERNET RUSH YOU. NO ONE IS POSTING THEIR FAILURES.
let me make it wrong, i'm sharing my failure in this blog post. stay with me.❤️
When I look back at the last 9-10 years in the crypto world, it feels surreal. I started from scratch, knowing nothing about crypto. Back then, YouTube barely had any content related to crypto in my country; there were no guides, no tutorials—information was scarce. But my curiosity got the better of me, and I decided to dive in.
Starting from Zero: My YouTube Journey 🎥
With the little knowledge I gathered, I thought, “Why not share this with others?” That’s how my YouTube journey began. I started a channel called KaiseKamaye, which I later renamed CryptoPM. Slowly, I started uploading videos, sharing how to earn through crypto, creating educational content, and to my surprise, people loved it. My videos resonated with a growing audience because, let’s be honest, back then, there weren’t many creators talking about crypto in India.
But success doesn't come without setbacks.
The 2017 Bull Run and Hard Lessons Learned 💥
In the 2017 bull run, things were going great—until they weren’t. My MyEtherWallet got hacked, and those who’ve followed me for years know this story all too well. Even my YouTube channel got hacked once, though I managed to recover it. However, the real sting came when my Ethereum wallet couldn’t be saved. The worst part? The person who hacked it was likely one of my followers—a person I was trying to help. But as they say, mistakes teach you lessons that success can't.
This wasn't the last of my setbacks.
ICO Boom and the Rise of Scams 🚀
The crypto space, especially in the ICO (Initial Coin Offering) era, was wild. People were throwing millions at projects with just a fancy website and a vague idea. I, too, was approached by numerous projects for promotions. At the time, I was still new to the market and wasn’t aware which projects were legitimate. Unfortunately, 99% turned out to be scams. While a few are still around today, many vanished, leaving investors high and dry.
But even in those chaotic times, I was learning every day—about technical analysis, fundamentals, trading, and the psychology behind it all.
The Hardest Loss: $1M Gone in the Blink of an Eye 💸
I was a complete newbie in trading, but I got lucky early on. I managed to make $1M, but luck can only take you so far. I had no strategy, no risk management, and traded like a gambler. Before I knew it, the $1M was gone. One mistake after another, I lost it all. Yet, I didn’t dwell on it for too long because I thought, “I made it once, I’ll make it again.” But crypto markets are unforgiving; making money here isn’t as easy as it looks.
Lessons in Trading Psychology 📉
One of my most painful memories is holding a $1M trade open, thinking the market would bounce back. I was on vacation with my friend when the market crashed in 2021. Despite the warning signs, I refused to close my trade. News like El Salvador accepting BTC as legal tender and Tesla allowing Bitcoin payments filled the space with hype, and I let my emotions guide my decisions.
As the market crashed further, I learned a harsh reality—trading isn’t about what the world is saying; it’s about having a solid strategy and sticking to it. Luna’s crash marked the end of that $1M dream. It was hard to watch my portfolio sink while the world moved on.
Bear Market Blues and the Struggle to Bounce Back 🐻
The bear market that followed hit hard. My enthusiasm for content creation died down. I wasn’t updating my followers, wasn’t engaging with my community, and eventually stopped uploading videos. This was perhaps the biggest mistake of my life—disconnecting from the very people I had built a connection with.
My YouTube channel, once thriving, became dormant. Today, after almost 9 years, it still sits at 60k subscribers because I wasn’t consistent. The biggest lesson I learned? No matter how hard things get, never stop engaging with your community. Building a network and providing value is the key to long-term success in this space.
What’s Next? Evolving, Learning, and Growing 🌱
The crypto market may have its cycles, but one thing remains constant—there’s always something new to learn. Whether it’s fundamental analysis, networking, or content creation, evolving is the name of the game.
If there’s one takeaway from my journey, it’s this: Never let your losses define you. The crypto space is brutal, and it will chew you up if you’re not prepared, but every failure is a stepping stone to greater success.
Key Learnings from My Crypto Journey: Hard-Earned Wisdom
Over the past decade, I’ve been through it all—crypto booms, devastating hacks, and huge trading losses. From starting with almost no guidance to now helping others through my content, I’ve gained some valuable insights that can help both beginners and seasoned investors avoid the mistakes I’ve made. Below are some of the most important lessons I’ve learned along the way.
1️⃣ Risk Management is Non-Negotiable
No matter how confident you are in your trades, never trade without a proper risk management plan. This lesson cost me $1M in trading losses because I lacked the discipline to protect my capital. The truth is, without risk management, you’re gambling, not investing.
🔸Takeaway: Set stop-losses, diversify your portfolio, and never risk more than you can afford to lose.
2️⃣ Never Trade Based on Hype
One of the quickest ways to lose money in crypto is by following the crowd. Don’t let market euphoria cloud your judgment—stick to your strategy, even if influencers or news outlets are telling you otherwise.
🔸Takeaway: Emotional trading leads to mistakes. Stay focused on your research, and don’t let the fear of missing out (FOMO) take control.
3️⃣ Learn from Your Losses
It’s easy to feel discouraged after a significant loss, but every loss is an opportunity to learn. Reflect on your mistakes and understand what went wrong so you can come back stronger.
🔸Takeaway: Crypto is a volatile market, and setbacks are inevitable. The key is to learn and evolve with every experience.
4️⃣ Protect Your Private Keys at All Costs
In 2017, I lost my funds after my MyEtherWallet was hacked due to a lapse in securing my private keys. Never share your private keys with anyone, and always use secure wallets.
🔸Takeaway: Crypto security is in your hands. Don’t take shortcuts—prioritize security above all else.
5️⃣ Be Wary of Scams and "Too-Good-To-Be-True" Projects
During bull runs, scammers prey on excitement. Always research projects thoroughly before investing, and be cautious of promises that sound too good to be true.
🔸Takeaway: Due diligence is essential in protecting yourself from losing funds in fraudulent schemes.
6️⃣ Avoid Blindly Trusting Influencers
Even well-known influencers can lead you astray. I’ve seen people lose money because they blindly followed advice from trusted sources.
🔸Takeaway: Always do your own research. No one cares about your portfolio more than you do.
7️⃣ Never Underestimate the Power of Trading Psychology
Emotions are your worst enemy when trading. I’ve seen firsthand how fear, greed, and FOMO can lead to poor decisions.
🔸Takeaway: Master your emotions if you want to master trading. Trading psychology is just as important as any technical or fundamental analysis.
8️⃣ Build a Community and Stay Engaged
When things get tough, don’t disappear. Your community relies on your insights, especially during challenging market conditions.
🔸Takeaway: Stay connected and engaged with your audience. Consistency builds trust and strengthens your influence.
9️⃣ Diversify, Don’t Put All Your Eggs in One Basket
When I put too much into a single asset, the consequences were brutal. Diversification is key to protecting your portfolio from catastrophic losses.
🔸Takeaway: Spread your investments across different assets to ensure balanced growth.
🔟 Keep Learning and Evolving
The crypto market is constantly changing. What worked yesterday may not work today, so it’s crucial to keep learning and adapting.
🔸Takeaway: Continuous learning is the only way to stay ahead in the fast-evolving world of crypto.
1️⃣1️⃣ Develop a Long-Term Vision
Crypto is not a get-rich-quick scheme. Focus on long-term gains rather than chasing short-term profits.
🔸Takeaway: Have patience and a well-thought-out strategy that looks beyond the day-to-day market noise.
1️⃣2️⃣ Value Creation Over Profits
Rather than solely focusing on profits, I’ve realized that creating value for others through educational content, insights, and community engagement leads to long-term success.
🔸Takeaway: Focus on helping others, and success will naturally follow.
1️⃣3️⃣ Collaboration is Key
Crypto is a collaborative space. Network with others in the industry to share ideas, resources, and growth opportunities.
🔸Takeaway: Don’t try to do everything on your own—collaboration unlocks new doors for growth.
1️⃣4️⃣ Stay Humble, No Matter Your Success
Markets can change in an instant. Humility keeps you grounded and helps you learn from others. Overconfidence can lead to mistakes.
🔸Takeaway: Stay humble and never stop learning, no matter how successful you become.
1️⃣5️⃣ Don’t Neglect Mental Health
The stress of market volatility and losses can take a toll on mental health. Balance is key—take breaks and don’t let trading consume you.
🔸Takeaway: Your mental well-being is just as important as your financial success. Stay balanced to make better decisions.
These lessons are the foundation of my journey in crypto. It’s been a roller-coaster ride of highs and lows, but each experience has taught me something valuable that I now share with my community. Keep these points in mind, and you’ll navigate the crypto space with a more informed and resilient approach.
I’m here today, continuing to learn and share my experiences, so that you don’t have to make the same mistakes I did. The market will rise and fall, but your growth and learning are what will truly stand the test of time.
Stay humble, stay curious, and most importantly—stay connected.
Until next time!❤️
