To put it simply, here’s what happened yesterday.
While traveling in New York, I was chatting with a local VC and incubator for an hour, completely unaware of the events unfolding.
Around October 5th, I liquidated most of my assets and converted them back to USDT. The remaining positions, aside from various funds on new investment platforms and staked funds, mainly came from SOL purchased at a cost of 190 - 200.
I checked my account, and the losses were kept within six figures.
Although I missed out on USDe and many staking arbitrage opportunities, and I couldn't buy into the last small segment no matter what, I still feel fortunate amidst the misfortune.
Yesterday around 5 PM, I managed to buy Kaito at a cost of 1.1, preparing to start cashing out.
To add a point
The last significant asset drawdown came from holding too many altcoins.
Since then, the most important lesson I've learned is:
1. Always only hold mainstream L1 tokens.
2. Meme will not be held for more than three days.
3. Do not open contracts. Absolutely do not open contracts.
Although this strategy has led me to constantly sell at a loss, I didn't expect that this time it actually saved my life.
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