My apologies for posting this a little later than I was supposed to.

I wanted to talk more about our progress inside the current NFT projects, but this week happened. It's been a little turbulent, to say the slightest. So instead I wanted to share a few thoughts on how the losses of the last five days affected me.

I didn't invest in Luna at all. But the inevitable collapse of the Terra ecosystem grabbed all the major altcoins down the line with it. Including Fantom, which was my ponzi of choice. At least 35% of my portfolio was in Fantom, and the numbers were hard to look at. It's not a KSI-type situation, but I still struggle to realize that I finally went through my first major crypto collapse. Being in crypto since summer 2021, I'm exactly the type of crowd that has seen nothing but a continuous rise, especially in terms of altcoins and IDOs.

The dust had settled a bit, but I still struggle to look at my portfolio. I feel for people in these Reddit threads around Terra, and it's inhumane to gloat after these kinds of situations. The first few days after the collapse, I felt like an idiot. Then – reading further into the case – it became clear that I'm at the point of utter belief in long-term crypto survival by now. It's almost zealot-like. Yeah, it's hard to gain confidence in your actions again, but I know it'll pass. I understand that each time I research things as best as I possibly can, at some point, I'm going to get things wrong.

If there are any lessons in all of this, here are my three key things:

1. The cult of personality sucks and is a major red flag.

2. Risk allocation = healthy sleep at night.

3. "Too Big To Fail" paradigm may never work again.

On that note I inspire you to read The DeFi Edge's lessons for more on this.

I'm not a flawless investor, but the industry will bounce back. And I'll bounce back too.

My apologies for posting this a little later than I was supposed to.

I wanted to talk more about our progress inside the current NFT projects, but this week happened. It's been a little turbulent, to say the slightest. So instead I wanted to share a few thoughts on how the losses of the last five days affected me.

I didn't invest in Luna at all. But the inevitable collapse of the Terra ecosystem grabbed all the major altcoins down the line with it. Including Fantom, which was my ponzi of choice. At least 35% of my portfolio was in Fantom, and the numbers were hard to look at. It's not a KSI-type situation, but I still struggle to realize that I finally went through my first major crypto collapse. Being in crypto since summer 2021, I'm exactly the type of crowd that has seen nothing but a continuous rise, especially in terms of altcoins and IDOs.

The dust had settled a bit, but I still struggle to look at my portfolio. I feel for people in these Reddit threads around Terra, and it's inhumane to gloat after these kinds of situations. The first few days after the collapse, I felt like an idiot. Then – reading further into the case – it became clear that I'm at the point of utter belief in long-term crypto survival by now. It's almost zealot-like. Yeah, it's hard to gain confidence in your actions again, but I know it'll pass. I understand that each time I research things as best as I possibly can, at some point, I'm going to get things wrong.

If there are any lessons in all of this, here are my three key things:

1. The cult of personality sucks and is a major red flag.

2. Risk allocation = healthy sleep at night.

3. "Too Big To Fail" paradigm may never work again.

On that note I inspire you to read The DeFi Edge's lessons for more on this.

I'm not a flawless investor, but the industry will bounce back. And I'll bounce back too.