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What was the one thing you thought you knew for sure in the crypto verse that just ain't so?

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by COINS NEWS 99 Views

We know the famous quote: “ It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. “ Mark Twain. When we first delve into the crypto world we know nothing, assuming you're brand new and you've only just started out.

One concept that was especially difficult for me to grasp was that you can buy a coin or token and its value fluctuates up and down constantly unlike anything I had ever witnessed. This idea we're all raised with that money in the bank is the only form of security and stability. Of course, at that stage you don't know about bull and bear markets.

The first crypto project I ever bought was Enj or Enjin. For a newbie that went quite well, I bought a small amount and even managed a profit. But being unaware of the cycles I bought another project in Digibyte. At the first major drop I ended up panic selling, and this perhaps became my greatest lesson in this brave new world of crypto. As fate would have it, not long after a bullrun occurred which of course was that 2020-2021 boom we had. I saw what could have been.

Hindsight is powerful, I also learned that day that if Eth is sitting at like $500 it would have been a better idea to buy that than scoff at how ' high ' I thought the price was. That hurt quite a bit but is quite humorous now looking back. So what was that story for you?

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