I am currently reading a book that deals with the art of learning and how you can learn better and more effectively. There are many interesting things I like about the book, and of the things that has been discussed is the fact that it is better to fail (and learn), than to arrive at the right solution without really using your brain.
Source: Pixabay
After reading that, we went for a walk with the family looking for a place to play some football (in a city we didn't know). To be honest, we failed... we didn't find a place to play football, but to be honest, we learned at lot more about the city and what can be found where, than if we had found a football field at once. In other words, our failing made us learn way more than we would if we hadn't failed.
Another concept in the book is that you should learn about a complicated topic, and then try to explain it in 30 seconds to someone with no knowledge about it. If you have trouble doing that, you probably don't understand the concept itself.
And now back to cryptocurrencies...
And now comes the question - you have invested in all sorts of cryptos. But, if someone tells you to explain what those cryptos are about and what makes them worth investing in... are you able to do that? Do you understand what it is about? If you don't, you can easily be tricked, and you are in danger.
If you understand it, you might still be in danger, but you are least have a background for making a decision and trusting in the project, knowing that you trust what it is all about!
So... why don't you think through your portfolio and see if you understand the concepts of the projects in which you have invested? Can you tell your mum about those projects and make it quick and concise?