Topic: Lesson learnt from the crypto asset failure - page 2. (Read 203 times)

I do agree with "never put all eggs in one basket", "not all in" and "diversification wisely".
This is how our fud management roles manage the risks of investing. No crypto moreover altcoins will guarantee 100% to belong life and also profitable always. AsLUNA, I wonder how so many people really admire this coin, and we also can see that the Luna project and teams are actually so strong. But in fact, everything can happen, even unpredictably, and surprisingly, this is the crypto world.
however, I also don't know if those people who invest billions in LUNA are exactly big investors or whales that have diversified their money or not. We don't actually know what their money management is on investing in LUNA.
But I read from many chats orcomments in telegram groups and other social media, that most of them are trapped on hype, buying LUNA when at the top, and some of them are also panic buying when the price drops, thinking of the price will be p rising again, but in fact, the price keeps decreasing.

From LUNA, we can also learn several things besides never all in:
- Fund & risk management
- Holding, holding and holding may not be always worthy except that you really know which coin will guarantee worth it for long-term hold. And this kind of holding is only suitable for Bitcoin.
- It may be useful to set CL in certain price to anticipate the extreme drop, even in the spot market. Moroever in the fuure market, needs for CL and also hedging mode.

I think it is no problem to have most assets in Altcoins as long as it is the top altcoins like ETH or BNB. Even though we have a full asset in BTC, doesn't mean it is secure enough. We don't compare Luna with top altcoins, it is a different level. The altcoins like ETH or BNB have a better way to ensure their values, they are the most popular altcoins and they have bigger holders. These altcoins also dominate the altcoins market, so nothing to be worried so much.

No need to put your eggs in more baskets. There is only one true coin out there: BTC. Invest and HODL. Easy recipe for success. The rest are s*itcoins and they will all end sooner or later.

Right store Bitcoin in your cold wallet that way you have total freedom of your money, don't ever trust centralized currency to the extent of storing your life savings in them while what you can control it flows as long as you operate within the best practice you will never have such problem with Bitcoin. I feel for investors who have put their trust in stable coins their highly risky.

You have thousands and thousands of projects having token integration. There are no reliable method to select the solid ones.
From another side, it becomes almost impossible to stop using all of them just because one of them failed. Failure might be caused by many factors and we all know how many projects fallen because of a successful hack attempt or a glitch in the system.

I remember the fork of Ethereum from Eth Classic ETC, isn't this possible in the case of Luna?

For altcoins yeah? it's not good to have your portfolio to the majority. But I would say that there is nothing wrong with going full BTC, it has been proven already as compare to those altcoins that has been what like 2 years in the market and investors think they are safe? So in the case of Luna, from billions worth to mere millions and then the biggest exchange halting it because it went down almost close to 0, what a failure.

Not the fiat too. Some day the authority find something wrong with you and they will take everything from you. If bitcoin was not invented then no crypto would exists. Have bitcoin, the trustless money. If people are not learning today then they will not ever.

Unfortunately we have seen one of the biggest scam/failure of the project LUNA /UST where people have lost million/billions of dollars invested in them. We can't foresee such incidents but one thing is that if we follow the best practices of portfolio management, we could have minimize the loss.

No crypto assets in our portfolio should be that big, that in case of a mishap, our whole portfolio get a big hit. Also this means not to put all eggs in one basket in our crypto portfolio.