2026-01-15 04:37:59

I've been thinking lately about what I've truly learned from three years of cryptocurrency investing.

I started in August 2020, so exactly three years now. During this period, I directly invested in over 55 projects and allocated funds to 9 different funds. It sounds like a lot, but the reality is quite sobering.

The data is in front of me: 14 projects directly rug-pulled, accounting for 25%. 28 projects fell into a loss trap, with about a 50% success rate. Additionally, 15 projects completely went to zero, worth nothing. Looking at it from another perspective, truly profitable projects are few and far between.

I also encountered many pitfalls in the NFT space. Back then, the market was hot, and most projects I followed the trend into didn't survive.

My biggest takeaway over these three years is that the risks in Crypto investing are far more complex than they appear on the surface. Project teams' promises often can't withstand the test of time, and market sentiment fluctuations can change everything in an instant. At the same time, I realized that the ability to select projects, risk management, and emotional control are far more important than simply the investment amount.

The total money lost amounts to tens of millions. But if I can use this experience to gain a clearer understanding of the market, perhaps it's worth reflecting on. The key now is how to move forward and learn real lessons from failures.

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UncleLiquidation

· 4h ago

Lessons learned from tens of millions in tuition fees, not a loss this time

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ChainComedian

· 5h ago

Tens of millions in tuition fees, this cost is a bit steep --- The proportion of rug pulls clearly shows early pitfalls; those who survived have been market-validated --- Honestly, it all comes down to mindset. When the market is good, anyone can make money --- That wave of NFTs indeed caused a lot of hardship; now I dare not touch that stuff anymore --- Risk control > project selection vision > mental management, this order of priorities is quite interesting --- Losing tens of millions to gain clear awareness? Fine, I believe you, this time you’re not just pulling a fast one on the rookies --- Projects that followed the trend mostly didn’t survive; this hits home --- Only a few of the 55 projects truly made money; most ended up losing all their own money --- It feels like everyone who entered in 2022 was just there to be a martyr --- The project team’s promises can’t withstand the test of time; that’s true, but it’s also too late to realize it

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OnchainGossiper

· 5h ago

Tens of millions in tuition to gain clear awareness, I think this trade is worth it --- A 50% success rate sounds pretty good, but the reality is most people can't even reach that point --- That wave of NFTs, I was also caught up in it. Once I followed the trend, I never got out. A painful lesson --- Risk control and mindset are really much more hardcore than investment amount. This hits the point --- A 25% rug rate, on average one out of four projects fails. That's the reality --- The key is still a matter of vision. Some people, when rounded, just have a money-making nature --- Learning from failure sounds nice, but who really understands it? --- Turning tens of millions into tuition, most people don't even have this awareness --- It's very true that project teams' promises can't withstand the test of time. It's all hype --- Looking back at that wave of NFTs, it was simply an era of paying the IQ tax

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MaticHoleFiller

· 5h ago

Tens of millions poured in for a lesson. This business really, how many people can't learn it?

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LuckyBlindCat

· 5h ago

Oh my god, 25% just ran away? I’ve also suffered losses over the past three years. I also got caught in that NFT wave. Now looking back, those so-called "blue chips" seem like a joke. Really, larger investment amounts tend to make you more numb; you still need to learn to cut losses in time. It took losing hundreds of millions to understand this truth; the cost is indeed a bit heavy. Now I’ve finally realized that choosing projects is a hundred times more important than adding to positions.

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LightningAllInHero

· 5h ago

Tens of millions in tuition fees for a lesson, we really know whether this deal is worth it or not --- Basically, we've been educated by the market, we've experienced all the losses we should --- 25% rug rate, this success rate is honestly a bit heartbreaking, no wonder they say this industry is too deep --- The key is still mindset, not many can stay calm and analyze after losing so much --- Looking back at the NFT phase now, it's all a joke; how crazy it was back then makes it all the more embarrassing now --- Gaining insight isn't something money can buy; it takes blood and tears --- It's not that I haven't reflected, but next time I'll still get cut the same way, like a loop --- It sounds like brainwashing myself, but honestly, there's some truth to it --- The theory of choosing projects sounds easy to talk about, but in practice, it's still a game of probabilities

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SatoshiHeir

· 5h ago

It should be pointed out that your data analysis actually validates the model I proposed in the community years ago—50% of project teams are essentially false promise makers. This is not market volatility, but an inevitable result of information asymmetry.

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I've been thinking lately about what I've truly learned from three years of cryptocurrency investing.

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