I am a believer that you can transmute any experience into a positive life experience. This was a tough one, and I fell into a deep dark place for a month, but I feel like I came out of it better than ever.
I realized the transitory fleeting nature of money and no longer worry about money. I had often heard that money can not buy happiness, and had often repeated this to myself, but now I actually believe it. I realized worrying about money isn't helpful. All my previous money worries which had troubled me for so long were drops in a bucket that would have been gone by now. Unexpected expenses are so small now compared to my losses I can't be bothered to worry about them.
I no longer have a desire to gamble. I used to feel the urge to gamble to cover an unexpected expense or to get back to even. I now physically cannot gamble my way back to even and I am now happy where I am.
It cured my chart watching and stress over investments fluctations. I won't experience a drop like this again and I am stress free. The day of my liquidation, I woke up feeling angry and sad at only making an $8k profit overnight instead of using higher leverage. I had strong conviction in Luna increasing in price because btc had just roared and there was a new update releasing overnight, but I used a very safe leverage level. Luna increased 15 per cent overnight. I chased my "losses" (lack of potential profits) by using extremely high leverage and this was my downfall. Now I don't really care how my portfolio does in the short time and I have a much more longterm perspective.
After the month long depression, I made a lot of improvements in my life. I knew this could go one of two ways: I could continuing wallowing in self pity, moaning about my loss of potential freedom, or I could focus on improving and use my loss as motivation to get better. I chose the second option and I am now happier for it.
I no longer stress about hypotheticals. I used to have so much regret about not investing in x or y coin but now I realize it likely wouldn't have even mattered. I could have invested heavily in Bitcoin in 2013 and end up where I am now or worse after having lost it all. (Edit: Alan Watts' parable of the famer explains this: https://www.youtube.com/watch?v=OX0OARBqBp0 )
I now love my job. I used to be hella stressed day trading at the fiat mines, thinking working was insignificant because my trading gains/losses dwarfed my fiat mining gains. I now replaced my love of money with the love of learning. I listen to podcasts during my shifts and I love learning new things while getting paid. I still feel like my salary is pretty insignificant but I like going in to work.
Since the liquidation, I have made a lot of profit from defi with less risk. There are alway future opportunities to make money.
If I had not been liquidated, I could see myself possibly being extremely wealthy, but I cannot see myself as being as happy with my life as I am now.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments