My crypto journey at 16 years old
From 4 figures to 7 figures back to 4 figures in 1 year
🧵👇
From 4 figures to 7 figures back to 4 figures in 1 year
🧵👇
Quick Disclaimer:
This is by no means a way for me to boast or brag about my accomplishments. It is solely a way for me to tell my story and reflect on the lessons I learned
This is by no means a way for me to boast or brag about my accomplishments. It is solely a way for me to tell my story and reflect on the lessons I learned
It all started in early 2021 when I was stuck in quarantine.
School went virtual and everyone was working from home.
I found crypto and took a some $ out of my savings to try it out
It began with me swing trading $BTC and $ETH, somehow managing to make 50% in my first month
School went virtual and everyone was working from home.
I found crypto and took a some $ out of my savings to try it out
It began with me swing trading $BTC and $ETH, somehow managing to make 50% in my first month
I started joining telegram groups and made my twitter account.
When one day I stumbled upon Terra @terra_money
I immediately became attached. Sold all my other crypto assets and even took more out of my savings to go all in on $LUNA
I risked everything.
Thankfully I was right.
When one day I stumbled upon Terra @terra_money
I immediately became attached. Sold all my other crypto assets and even took more out of my savings to go all in on $LUNA
I risked everything.
Thankfully I was right.
The Terra ecosystem was rapidly expanding, $LUNA began to pump, and everything was looking great.
However, rather than just staying a passive holder, I wanted to have more involvement in the growth of the project so I began writing articles and posting.
However, rather than just staying a passive holder, I wanted to have more involvement in the growth of the project so I began writing articles and posting.
I wrote the Terra Weekly Report every Sunday and it compiled all Terra news that occurred that past week. I thought of this idea because I remember it being very difficult to keep track of everything happening in Terra. (Exchange Listings, projects launches, etc.)
It took off.
It took off.
Some big names started appreciating my work and I even got retweets from @stablekwon himself. My following began to grow as the Terra community started to form.
I have to give a massive shoutout to everyone who supported me at the start.
I continued to put out content.
I have to give a massive shoutout to everyone who supported me at the start.
I continued to put out content.
I started reaching out to various projects launching on Terra offering to write articles on them.
I expected nothing in return. I was just genuinely interested in Terra and wanted it to succeed.
After continuing this for months and months, I got offered my first “private sale”
I expected nothing in return. I was just genuinely interested in Terra and wanted it to succeed.
After continuing this for months and months, I got offered my first “private sale”
I had 0 idea what that meant and also had 0 money to participate. Everything I had was locked up in staked $LUNA, which had a 21 day lockup period
So I went to someone I trusted and he funded the deal, saying this would change everything for me.
He was right.
So I went to someone I trusted and he funded the deal, saying this would change everything for me.
He was right.
The project did a massive multiplier and I had now been introduced to a whole new world.
What I got from this deal went towards future investments and the remainder went into building my $LUNA stack.
During all of this, $LUNA continued to soar.
What I got from this deal went towards future investments and the remainder went into building my $LUNA stack.
During all of this, $LUNA continued to soar.
My following continued to grow and, most importantly, I was meeting some very interesting people who taught me valuable lessons that will help me for the rest of my life.
I was now what you would call an “angel investor”
I then branched out to other projects outside of Terra
I was now what you would call an “angel investor”
I then branched out to other projects outside of Terra
Ultimately, focusing on building my brand and making important connections to a large variety of people.
I got introduced to many VCs, influencers, and project founders. I joined team calls, advised projects, and really did anything I could to explore new innovative ideas.
I got introduced to many VCs, influencers, and project founders. I joined team calls, advised projects, and really did anything I could to explore new innovative ideas.
I was the luckiest teenager alive. Everything was going so good. LUNA was hitting new ATHs and I was TOO confident. In crypto you would call this, “marrying your investment”. After waiting over a year, things were finally paying off. $LUNA was the best performing asset in 2021.
I was fully dedicated to the Terra ecosystem, having almost everything I owned invested in either $LUNA, Terra projects, and $UST.
I think we all know what happened next.
The first week of May came around and the unthinkable occurred.
I think we all know what happened next.
The first week of May came around and the unthinkable occurred.
Terra collapsed in the span of 72 hours.
An over $50 billion ecosystem wiped out in a matter of days. $LUNA spiraling down to 0 and $UST de pegging. I didn’t know what to do. I spent everything I had trying to save my positions on Anchor. In hindsight that was a terrible decision
An over $50 billion ecosystem wiped out in a matter of days. $LUNA spiraling down to 0 and $UST de pegging. I didn’t know what to do. I spent everything I had trying to save my positions on Anchor. In hindsight that was a terrible decision
I was using my money to save a position that was ultimately going to be worthless. The network was down. No one could get their money out. I remember not being able to concentrate in school and having multiple mental breakdowns.
I was witnessing millions of dollars disappearing in front of my eyes.
And not just the money. My reputation was destroyed. My entire profile was dedicated to Terra and I let my followers down. I had gotten many friends and family members into Terra as well. I was devastated.
And not just the money. My reputation was destroyed. My entire profile was dedicated to Terra and I let my followers down. I had gotten many friends and family members into Terra as well. I was devastated.
I was hearing terrible stories of people taking their lives as a result of this incident. People lost their entire life savings. People who had families to support. I was losing friends. All trust was gone.
On top of all this. I had so much coming and was working on so many new things.
I had multiple projects that I was working on launching.
I had many investments in upcoming projects now worthless.
I didn’t know what to do.
I had multiple projects that I was working on launching.
I had many investments in upcoming projects now worthless.
I didn’t know what to do.
Now over a month later and after a lot of thinking, I have gained the courage to speak out and reflect on what happened.
It’s so easy to get caught up on the $ amount lost, but the takeaways and learning experiences that I was able to gain at such a young age are invaluable.
It’s so easy to get caught up on the $ amount lost, but the takeaways and learning experiences that I was able to gain at such a young age are invaluable.
I am blessed to say I had my family and some really close friends to support me through all of this. I really began to realize the true things that matter in life. For me personally, it’s the people who care for me.
After all of this happened, I was able to spend quality time with a lot of friends who I hadn’t spoken to in a long time. Before, crypto was taking up every minute of every day for me. And this event allowed me to take a step back and focus on what is actually important to me.
I have also been able to learn a ton of lessons about finance and business but that deserves it’s own thread, which I will be putting out soon.
I’d like to give a huge thank you to all of those who supported me. I received countless messages from people checking on me.
I’d like to give a huge thank you to all of those who supported me. I received countless messages from people checking on me.
Today was my last day of school and I will be looking to slowly get back into crypto. Starting from the same $ amount I had when I began, but with much more knowledge and experience this time.
If you enjoyed what you read, a like and RT would be much appreciated 🙏
Fynn is back!
If you enjoyed what you read, a like and RT would be much appreciated 🙏
Fynn is back!
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