Friday, May 30, 2025

Why I Lost Over $100,000 in Crypto: The Biggest Mistake to Avoid

The crypto market is a wild ride, full of dizzying highs and gut-wrenching lows. Like many, I've tasted the thrill of massive gains, only to watch them vanish due to a single, critical mistake: prioritizing being right over making money. This mindset cost me over $100,000 in 2022, and it's a trap countless investors fall into. I'll share the lessons I learned the hard way, why this error is so common, and how you can avoid it to become a smarter, more adaptable crypto investor. Buckle up — this is a story of loss, reflection, and redemption, with actionable insights to protect your portfolio.

The Harsh Truth About Crypto Losses

The crypto market doesn't care about your convictions or your carefully crafted investment theses. It's a brutal arena where adaptability trumps stubbornness. Most investors, myself included, have lost significant sums not because of market manipulation or lack of skill, but because we cling to the need to be right. We fall in love with projects, ignoring the market's signals, and end up holding losing positions far longer than we should.

This mindset stems from traditional investing wisdom, where long-term holding often pays off in stable markets like stocks or ETFs. But crypto is different — it's volatile, speculative, and driven by momentum. According to a 2023 study by Chainalysis, over 60% of crypto investors who lost money in bear markets cited "holding too long" as a primary reason. My story is a case study in this mistake, and it starts with two projects I believed in wholeheartedly.

My $100,000 Mistake: A Tale of Two Projects

In 2021, I was riding high on the crypto bull run. Two projects caught my eye: Luxo and Morpheus Network (XMW). Luxo was a blockchain focused on luxury, led by Fabian Westeller, the creator of Ethereum's ERC-20 protocol. Despite its potential, its market cap was under $1 billion, a fraction of competitors like Polkadot or Avalanche, which boasted valuations in the tens of billions. Morpheus Network, on the other hand, targeted logistics, with partnerships like the Argentine government and founders from major corporations. Both projects had stellar teams, ambitious roadmaps, and seemingly limitless potential.

Coming from a stock market and startup background, I was hooked. I analyzed their fundamentals — technology, team, and vision — and fell in love. I invested heavily, convinced these were the next big thing. Fast forward to 2022, the bear market hit, and both projects tanked alongside the broader market. My response? I doubled down, buying the dip at 15%, 25%, even 50% losses. I was certain the fundamentals would prevail. Spoiler: they didn't. By the end of 2022, I had lost nearly all my 2021 gains — over $100,000 — because I refused to adapt.

Why Did This Happen?

My mistake wasn't poor analysis; it was failing to understand crypto's unique dynamics. Unlike traditional markets, crypto is driven by speculation and liquidity, not just fundamentals. Projects with great teams can fail if they lose market attention. My conviction in Luxo and Morpheus Network blinded me to the market's signals, like declining prices and waning interest. I was trying to apply stock market logic — hold for the long term — to a market that rewards trading and momentum.

Fun Fact: A 2024 report by Glassnode found that 70% of altcoins from the 2021 bull run lost over 90% of their value by mid-2022, highlighting the crypto market's volatility and the dangers of blind holding.

The Core Lesson: Adaptability Over Conviction

The crypto market doesn't reward stubbornness; it rewards adaptability. The price is the ultimate truth, and fighting it is a losing battle. Markets are never wrong — only people are. To succeed, you must learn to read the market's signals and pivot when necessary, even if it means admitting you were wrong.

Take Berachain, a project I admire for its technology and community. Despite its strengths, its price action since launch has been lackluster. While Bitcoin, Solana, and even Ethereum gained traction in recent rallies, Berachain stagnated or fell. Holding onto it out of loyalty would have been a mistake. Instead, I exited my position, preserving capital for better opportunities. I still believe in Berachain's long-term potential, but I'm waiting for market signals — like renewed attention or price momentum — before re-entering.

How to Be Adaptable

To avoid my mistake, adopt these strategies:

  • Follow the Price Action: The market's price movements are your best guide. If a project isn't gaining traction, don't fight the trend.
  • Set Clear Entry and Exit Points: Define your investment thesis with specific triggers for buying and selling. For example, exit if a token drops 20% below your entry price or fails to follow a market rally.
  • Document Everything: Keep a trading journal to record why you entered or exited a trade. Review it regularly to refine your strategy.
  • Avoid the Hero Complex: Betting against the market, like Michael Burry in The Big Short, is tempting but risky. Most successful crypto investors, like MicroStrategy's Michael Saylor, buy during uptrends, not against them.
Pro Tip: Michael Saylor's Bitcoin purchases, as tracked by BitInfoCharts, show he bought heavily during bullish trends, capitalizing on momentum rather than fighting downturns.

Avoiding Emotional Traps

The crypto market thrives on emotion — fear of missing out (FOMO) and the urge to "be right" can cloud judgment. My $100,000 loss was fueled by emotional attachment to Luxo and Morpheus Network. I ignored red flags because I wanted my analysis to be correct. This is a common trap, especially for those transitioning from traditional markets.

To combat this:

  • Don't Fall in Love with Projects: Treat investments as trades, not marriages. If a project underperforms, cut losses and move on.
  • Embrace Being Wrong: Admitting a mistake isn't failure — it's growth. Exiting a losing trade frees up capital for better opportunities.
  • Avoid Buying the Dip Blindly: Only buy dips if confirmed by positive price action or market trends. As the saying goes, "Don't catch a falling knife."

Building a Winning System

The key to long-term success in crypto is a disciplined system. Here's how to build one:

  1. Define Your Thesis: Outline why you're investing in a project, including price targets and risk levels.
  2. Track Your Trades: Use a journal to log every trade, including reasons for entry and exit. Tools like Notion or Excel work well.
  3. Review and Refine: Analyze your wins and losses to identify patterns. What worked? What didn't?
  4. Stay Liquid: Keep cash reserves to seize new opportunities, like emerging narratives (e.g., DeFi, AI, or memecoins).

By documenting and reviewing your trades, you'll spot mistakes and replicate successes. Over time, this system will make you a better investor.

Did You Know?: A 2022 study by the University of Cambridge found that traders who kept detailed journals improved their returns by an average of 15% compared to those who didn't.

Sources:



source: https://raglup.medium.com/why-i-lost-over-100-000-in-crypto-the-biggest-mistake-to-avoid-6980110f62e3?source=rss-f56f44caad34------2

Thursday, May 29, 2025

We’re going live soon—Here's your link

Don't miss your chance to see the proven system she used—step-by-step—and how you can copy it.

Wednesday, May 28, 2025

Limitless Listing Leads (replay + cheat sheet)

Hey ,

Two quick things...

Thing #1

You signed up for my Limitless Listing Leads webinar.

In it, I share the simple copy/paste ad we ran last month to get 6 new signed listings.

🖥️ Limitless Listing Leads (Replay)

It's available for 24 hours only. Feel free to fast forward and rewind!

Thing #2

Want the cheat sheet? It includes an outline of today's webinar, plus links to every tool/resource I mentioned during the webinar.

📋 Download the cheat sheet (Google Doc)

The last thing you'll need to start taking new listings today is The Classifieds Playbook.

This is the complete internal playbook my team follows to bring in consistent buyer/seller leads -- and ultimately take 100+ listings per year.

It comes included with our paid ProTools service. Or you can download it free if you book a ProTools demo (and show up).

To book a demo, watch the webinar all the way to the end and grab the free offer. It's worth it!

If you have any questions, hit reply to this email.

-Chris Jones


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She took 20 listings in 30 days… tomorrow she shows you how

This is what every stuck agent needs to hear right now.

Meet Doug: $1.6M Listing from a Single Conversation

You don't know Doug.

He's a REALTOR® in California.

But more importantly, Doug is a regular guy with a desire to better his situation and a willingness to take action.

Doug recently attended our Limitless Listing Leads webinar—a private screening of the webinar I hosted yesterday.

📘 Got the exact playbook for taking more listings
⚡ Executed it immediately using one of the scripts he learned

What happened next? Awesome... but not unusual.

Doug sent us this message:

Let's break down the timeline:

  • March 7 (am): Doug attends Limitless Listing Leads webinar
  • March 7 (pm): Puts playbook into action
  • March 25: Lands $1.6M listing + buyer rep on $665K home

That's over $50,000 in commissions from one simple strategy.

Today only, we're giving away "Doug's" playbook free.

How do I get it?

Just book a demo for Pipeline Pro Tools (and show up). That's it.

Sorry Chris I don't really want a sales pitch.

(☝️ This is what smart, skeptical agents tell me.)

No problem, we don't do sales pitches.

Here's how the demo works:

  • ~20min
  • We dig into your business
  • Find your lead number
  • Show you behind-the-scenes
  • GIVE you free playbook download

No pressure or obligation to buy ANYTHING. Either way, the playbook download is yours to keep forever.

>>> Click to get a demo + 1 free playbook <<<
Offer expires tonight at midnight

Count down to 2025-05-29T03:59:00.000Z

Again, this offer is today only.

And we'll automatically extend yesterday's $300 off offer through the day/time of your demo, so you have plenty of time to make a decision.

To your next $1.6M listing,

-Chris Jones


Hello, and thank you for taking the time to read this email. This message is part of an ongoing conversation between us, and I want to take a moment to ensure you have full transparency about why you received this message, how your information is handled, and what to expect from future emails.

Why You're Receiving This Email

You're receiving this email because at some point, you opted in to receive updates, news, or information on a specific topic we've previously discussed or shared. Whether it was through a subscription, a form submission, or another form of communication, your information was shared willingly, and we respect your decision to connect with us.

If you're wondering about the nature of our correspondence, rest assured that we aim to keep all emails relevant, timely, and free from unnecessary clutter. This includes respecting your inbox and refraining from sending irrelevant messages.

Your Privacy is Important

We value your trust and take your privacy very seriously. The information you provide is securely stored and never shared, sold, or used outside the purpose for which you provided it. If you ever want to review how we handle your data, feel free to contact us directly. Transparency is our priority, and we're happy to address any questions you might have.

You are always in control of the information you share. If you feel that any part of your subscription or interaction needs clarification, let us know. We're here to provide accurate answers and ensure your satisfaction.

How to Unsubscribe or Manage Your Preferences

We understand that everyone's inbox is different. If you ever find our emails no longer relevant, there's no hard feelings. You can easily manage your email preferences or unsubscribe using the link provided below.

By clicking the unsubscribe link, you'll be taken to a page where you can either adjust your communication preferences (such as receiving fewer emails or only on specific topics) or completely remove yourself from our list. The process is straightforward, and any changes will take effect promptly.

We don't use tricks or gimmicks to keep you subscribed. Our priority is to ensure that our emails add value to your day, and if they don't, we respect your decision to part ways.

Accessibility and Communication

If you have any trouble accessing the unsubscribe page, managing preferences, or understanding why you're receiving this email, you can reach out directly to our support team at support@guerillarealty.com. We aim to provide a response within a reasonable time frame and address your concerns effectively.

Our communication is designed to be as inclusive as possible, but we know there's always room for improvement. If you have any feedback on how we can make our emails more accessible or relevant, please don't hesitate to share.

A Commitment to Non-Intrusive Emails

We aim to create a non-intrusive communication experience. This means we won't overwhelm your inbox with excessive messages, and we work hard to ensure our content remains clear and concise. The purpose of this email is to stay connected with you and provide updates or information that we believe is meaningful. If we ever fail to meet these standards, we encourage you to let us know.

Feedback, whether positive or constructive, is always appreciated. Your thoughts help us understand how we can do better and improve our communication approach. While we cannot guarantee every suggestion will be implemented, we will take the time to carefully review and consider your input.

Contact Information

If you'd like to get in touch with us outside of managing your preferences, here's how you can reach us:

Email: support@guerillarealty.com
Phone: (910) 378-0617 (Available Monday through Friday, 9 AM - 5 PM Eastern)
Mailing Address: P.O. Box 87855, Fayetteville, North Carolina 28304

We strive to ensure all communication channels are open and readily available to you. Whether it's a question, comment, or concern, our team is ready to assist.

Legal Information

We comply with all applicable laws and regulations regarding email communication. This includes adhering to anti-spam laws and maintaining the highest standards for consent-based communication. Your trust matters, and we work diligently to ensure every email you receive meets these requirements.

If you need further clarification on our compliance policies or legal obligations, please feel free to ask. Transparency and accountability are central to our communication strategy, and we're happy to provide additional details if needed.

A Final Note

Emails are one of the many ways we stay connected, but we understand they aren't perfect for everyone. If there's another way you'd prefer to communicate or stay updated, let us know. Whether it's through social media, a direct call, or another channel, we're open to finding the most effective way to share information with you.

We want to emphasize that our goal is never to disrupt or clutter your inbox. Every email sent is intended to provide value, and we genuinely appreciate your time and attention. Thank you for allowing us to stay in touch with you.

This footer was designed to ensure transparency, provide essential information, and give you full control over your communication preferences. We hope it meets your expectations, but if there's anything you'd like to see improved, we're always here to listen.