In the Fall of 2017, my buddy @GoodBoyGreg (whom I work with) started talking to me about crypto-currency. After a whirlwind romance learning how to get into the marketplace, I was off and running. At one point I had over $14,000 invested which rose to a value of over $70,000 before an unceremonious fall from grace in December 2017 and January of 2018 when the entire crypto market took a dive. I should have gotten out sooner but still managed to get out soon enough to have a realized gain of just under $7,000. Lots of lessons learned on that one.
One of the main cyptos I was invested in was Kucoin (Shares). I bought in at $ .70 share and it one point it rose to over $21 a share. That would have been a great time to sell (but that is a whole other story)!
Around Feb 14, 2019 Kucoin was trading at $ .35 a share. I spoke to @GoodBoyGreg at the time saying that it was a good time to get back into the market. It felt like a good time but there were taxes to pay and IRA contributions to make so it didn’t happen.
Today Kucoin is trading at $1.07 having gone up 16% in the just the past 24 hours. A $350 investment for 1,000 shares would be worth over $1,000 now.
It seems that life offers constant lessons of the things we should have done and things we did that we shouldn’t have. AS for me, it seems that that the lessons of things tried that failed and the lessons that were learned along the way far outweigh the regret from things not tried, the road not traveled.
Once again, an opportunity may have been lost because I didn’t act even though my gut instincts were telling me it was time to take a chance. (I’ll be watching it closely now to see if there are any dips.)
A friend recently said to me that doing and trying things at the very least gives us information, more than what we had. It’s a good thing for all of us to consider: rarely do people go to the grave wishing they had been more conservative in their approach to life, that they had worked more, or regretted things they tried. Instead, most regret things not tried, chances not taken, opportunities missed, the fork in the road not taken.
What have you been considering lately that you haven’t tried? At 57 I feel a certain urgency to live and experience to minimize regret later on. For me, I fear missing out, not having lived FAR more than dying.
What is your next Kucoin opportunity? Whatever it is, give it a shot. Even if it doesn’t work out you’ll learn something from it and have one less regret.