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Humility Is The True Key To Success.

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@teesart
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2 min read

Not sure if this is a financial advice but it is definitely one of the key moral lessons I learnt from the recent Do Kwon issue and Luna Terra crash. Besides the wrong decisions he and his team took and other actions that led to the UST - LUNA crash, Do Kwon had gotten a little too cocky on the way and now appears to be one of the most disliked crypto personality on the planet. Not just because of his secretive actions that led to the failure of his project but because he also brought unnecessary attention to himself and the project with his behaviour.

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Just a couple days to Terra's crash, Do Kwon had openly talked down on many old and new projects in the industry saying a vast majority of them would crash soon as he also publicly attacked those who tried to warn about the flaws in his project calling them "poor and broke people". He topped it all by placing a $200 million bet on LUNA's crash hence openly challenging attacks and drawing the wrong attention to his project.

While the bets and arrogance aren't the major reason for the crash of his project, they for sure have added salts to his wound. He's currently facing multimillion dollars worth of lawsuits and still has gotten very little sympathy from the crypto community and Terra Luna investors. Some feel this is his "karma" and some are indifferent about the whole situation.

Before the LUNA incident though, I've learnt one key thing about life which is that situations do change and nothing is permanent. This is why I've learnt and still trying hard to stay humble regardless of the financial situation I find myself. Many of those who kept loads of their money in UST are experienced entrepreneurs and investors but still didn't see this coming. Anyone could have been a victim of this in all honesty and this event is truly an eye opener in many ways and one of those life lessons I learnt is to stay humble regardless of our success and the financial situations. Humility truly brings respect and allows us to see things quite differently...in Do Kwon's case, scrutinising the flaws his attention was called to would've have saved him, the project and the investors from this loss.

I'm glad Terra 2.0 is finally gonna be a reality and I'm hoping this would in some way provide relief to everyone who had lost money from the UST - LUNA crash.