For those of you who are lost in crypto: From major mistakes to seizing opportunities, behind luck is preparation

author:0xJeff

Compiled by: Xiaobai Navigation Coderworld

15 years ago, when I was still addicted to playing Dota, there was a YouTube series called "Luck is No Excuse".

The masters in the video can always defeat their opponents with perfect positioning and operations when the time, place and people are favorable. Their precise decisions leave their opponents powerless to fight back and they win the game easily.

At the time, I tried to replicate these moments, but always failed. Was it because I was unlucky or because I didn't put in enough time to practice?

In other words, I just need to "get stronger".

existcryptocurrencyIn a world of money, the same logic applies. You’ll see people on your timeline achieving life-changing gains and ask yourself, “Why can’t I do that?” This mindset will drive you to action — you might buy $TRUMP, rush into $VINE out of FOMO, try to find the next beta, or chase a hot narrative.

Of course, if you're well-versed in meme culture and know the rules of PvP (player versus player) games, you might get lucky, but if not, you'll likely find yourself in a worse position than you started in.

Take my experience as an example. I joined the cryptocurrency market at the end of 2021, when the bull market was at its peak. The first coin I bought was $CAKE, because its automatic compounding pool promised an annualized rate of return (APR) of 70%-100%. The result? My principal shrank by 30% in a week because $CAKE plummeted. I didn't understand why this happened at all, I just thought it was a bad asset.

Later, I discovered @danielesesta TIME Wonderland was launched. I was attracted by its exaggerated 50k% annual percentage yield (APY) and the infamous yield calculator: "Invest $1,000 and it will become $1 million in one year through staking and the power of compound interest. If everyone stakes, we can win together through (3,3)."

As for the result...we all know what happened later.

I decisively stopped the loss and started over. This was the first time I deeply understood the "inflation mechanism" (emissions) in crypto projects. A few months later, I @AndreCronjeTech I experienced similar lessons in my Solidly project and realized the importance of a strong team in any Web3 project.

Eventually, I found my niche: looking for opportunities in new projects on Pinksale Finance. I made some profit from these projects and invested the proceeds in Bybit Launchpad.TokenThen, I went to Abracadabra @MIM_Spell I started to mine liquidity with an annualized percentage yield (APY) of 140% on CoinMarketCap. This strategy lasted for three months until I made a fatal mistake.

I lock most of my funds in projects in the Terra ecosystem, using the Lockdrop and LBA models (need to lock UST in exchange for projects)Token). In order to maximize the number of tokens, I chose to lock UST for 12 months. But just one month later, the UST depeg event and Terra Luna crash occurred.

I lost all my assets.

In desperation, I tried to recover my losses by shorting LUNA, but due to emotional trading, I was liquidated on a rally. In the end, my assets fell from nearly six figures to only $500.

However, this experience gave me @TheSpartanGroup I worked there for more than a year, providing consulting services to multiple projects. After that, I made a bold decision to open this account and focus on writing DeFi related content.

At the beginning of 2023, I discovered @CamelotDEX and other Arbitrum DeFi projects. I conducted in-depth analysis of these projects andCommunityI shared my insights, which led to the rapid growth of my Twitter account.

But during the period from 2023 to 2024, I was floating in the market and sometimes even felt lack of motivation. The pace of innovation in DeFi has slowed down significantly, and L1/L2/L3 The ecosystem becomes increasingly fragmented, and life’s little things happen.

It wasn't until August 2024 that everything began to change.

Once with @vtes369 and @ChasmNetwork The conversations in the team got me started AIAlthough I don't have any formal AI I had a background in AI, but I started to teach myself about AI companions and AI agents for ordinary users. Then I discovered @virtuals_io.

In with @everythingempt0 During a phone call with him, he elaborated on Virtuals’ vision of tokenizing AI agents. At that moment, I had an epiphany. This reminded me of the 2023 discovery @pendle_fi scenario.

Just as Pendle tokenized revenue, Virtuals aims to tokenize AI agents — a potentially multi-billion dollar market. I am impressed by the team’s creativity. @luna_virtuals Previously, they released some comics about @VitalikButerin I discovered a self-aware AI idol. This bold and unique idea gave me confidence in their vision.

I invested in $VIRTUAL when its market cap was $30 million. As the platform grew, my investment logic was validated. I delved further, wrote about AI agents, and built a supportingCommunity.

thisXiaobai NavigationI’m not trying to brag—I know I still have a long way to go.

The bottom line is this: in the cryptocurrency space, you have to learn from your mistakes, adapt to change, and continually improve. Resilience is the cornerstone of success.Whether the market goes up, down, or sideways, interest may turn to memecoins, but you have to stick with it, keep learning, and support others.

As long as you can persist long enough, luck will eventually be on your side.

Lessons I learned in crypto:

• Do Your Own Research.

• Form your own opinions and investment logic.

• Reflect on your mistakes.

• Participate in the markets every day.

My daily habits:

• Check @cookiedotfun,@Decentralisedco and @GoatIndexAI, understand market trends and dynamics.

• Follow the curated AI Crypto Twitter timeline for the latest news.

• Write a piece of content every day to consolidate your thoughts and share them with others.

Those who made millions from $500 in memes didn’t do it through simple luck. They spent countless hours in the market, learned from their failures, and moved towards success step by step through persistence and tenacity.

Many people see these success stories and mistakenly believe that cryptocurrency investment is an easy thing. But the truth is far from that.

The truth is: luck is a skill.

Luck is earned through careful preparation, consistent effort, and the courage to keep going despite adversity.

Cryptocurrency, like life, is a marathon, not a sprint.You may stumble, fall, and hit rock bottom, but the only way to truly lose the game is to stop trying.

The market is far from over. Alpha is still out there, waiting to be discovered. And the best time to find and invest in these opportunities is when the market is bloody and panic is everywhere. At that time, opportunities are often right in front of you - but only for those who dare to look for them.

Success is not achieved overnight, but is built brick by brick through years of hard work, reflection, and unremitting growth. So, please keep persisting, keep learning, and keep believing in yourself.

Your lucky break doesn't just happen - it's being built, bit by bit, by the efforts you make today.

The article comes from the Internet:For those of you who are lost in crypto: From major mistakes to seizing opportunities, behind luck is preparation

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