I invested without understanding the project... and I paid dearly
In my first few months in the crypto ecosystem, I made a common but costly mistake: investing in a token just because it was recommended on social media. I didn't review its whitepaper, didn't research the team, nor did I understand how its ecosystem worked. I just saw that it was rising... and I jumped in.
A few weeks later, the project collapsed. Liquidity vanished, the token fell by more than 90%, and I was left with coins that were practically worthless. It was then that I understood a basic truth about the crypto world:
🧠 If you don't understand what you're investing in, you're not investing... you're betting.
Since that day, my process changed:
✅ I read the entire whitepaper
✅ I research the team behind the project
✅ I check if it has real use cases
✅ I analyze if the token has utility or is just speculation
✅ I look for signs of transparency, community, and sustainability
Education and patience are the best tools we have as investors.
💬 Have you experienced something similar? Share your story. We can prevent others from falling into the same trap.