Is Enough Ever Enough?
Last night I watched the Scott Melker interview with Ran Neuner from Crypto Banter where they discuss LUNA and his losses of over $100 Million. I don't see it quite like how he does and it may have been valued at $100 million when the bottom fell out, but he never invested that amount. I bought some Luna back in February of 2021 when it was under $3 and he was already waist deep as he was shilling the project non stop. Even so he must have invested a few million and would presume somewhere around $2 Million to have such a large bag. Nowhere near $100 Million so this figure is misleading.
As we know in Crypto the value is only when you cash out as it looks good on paper, but it is not in your hands so the value is only relative to the market price. Last year at HIVE's all time high many of us had 5 x what we had now but the difference is the project is very much alive and kicking. We have not lost as we are building for something far more substantial. How many of us have said if HIVE went to zero at least we gave it our best shot and that is the only attitude to have. Big difference between something like LUNA or LUNC as it is now called compared to HIVE as LUNC was a Ponzi scheme.
What got to me was not the loss, but when is enough enough? Earning literally $100 million in profit in literally 18 months should set anyone up for life, but no they want more. What would you do in this situation as he was warned by Scott Melker weeks before the crash happened.
Greed does funny things to human behavior and everyone acts differently and I do believe maturity plays a part in that process. He invested heavily in what was then a cheap price and used his influence to get others involved helping the price rise. As the old saying goes only invest what you can afford to lose applies and why I was only in for $40 or $50, but never saw me as losing out on $2000 as I never cashed out. I only lost the $50 and moved on as it was not such a big deal in my life and was something I had never researched.
In Crypto fortunes are made and lost and some harsh lessons are learned along the way as many projects are not exactly what they seem. The one thing I make damn sure of is where my hard earned money is invested and there is plenty of research ongoing as it never ends. Development along with partnerships are continuous so staying abreast of any project you are already in or thinking of joining has to happen daily.
There is a big difference in how people think when it comes to investments over a long period of time compared to someone scalping and trading for a quick profit. Those of us who are in for the long ride tend to have far more knowledge compared to the bulk of "investors" as this is our future we are playing with.
Is enough ever going to be enough and in my view there has to be a number you are content with but that doesn't mean you are out of Crypto. The number could be a monthly payment along with a lump sum from selling but that number will always be rising due to the staking, compounding and APR being earned.
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