I invested six figures in a gaming company and lost 90% of it

By
Ricardo Jimenez
Aug 20, 2024
/
min read
Category

I invested six figures in a gaming company.

I lost 90% and ended up disappointed.

Hereโ€™s what happened:

In November 2023, I visited a gaming company in my hometown, building a platform with its own token.

I saw many good signals:

๐Ÿ‘‰ Strong plans for launches in Q1 or Q2 of 2024
๐Ÿ‘‰ A founder with a clear vision and ambition
๐Ÿ‘‰ Lot of smart answers to all my questions
๐Ÿ‘‰ 200-300 hundred people already hired

However, a few months later, at the beginning of 2024 year, the negative rollercoaster began.

The founder stopped answering my messages.
Their employees havenโ€™t been paid in months.
They were not releasing anything as planned.
Token value started to go down.

I made the wrong investment decision.

And the founder wasn't the only one to blame.
I had to take a look at myself as well

๐Ÿญ. ๐—œ ๐˜„๐—ฎ๐˜€ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—น๐˜† ๐—ฒ๐˜…๐—ฐ๐—ถ๐˜๐—ฒ๐—ฑ

I got very excited about the project.
I got very excited about the founder.
I saw a ton of potential in their token.

Too much excitement.

๐Ÿฎ. ๐—œ ๐˜„๐—ฎ๐˜€ ๐—ด๐—ฟ๐—ฒ๐—ฒ๐—ฑ๐˜†

Once I got hyped about the project, I wanted to buy more and more.

I bought my target investment in the market and then kept buying. I couldn't stop buying.

I bought it for family members and friends. I invested six figures, hoping it would multiply by 100x.

๐Ÿฏ. ๐—œ ๐˜„๐—ฎ๐˜€ ๐—ฏ๐—ถ๐—ฎ๐˜€๐—ฒ๐—ฑ

I kept the token for a while, hoping the price would recover. It never did.

I wanted to trust where there was no basis for trust. and lost clarity.

Recently I sold the token at a ~90% loss.

Remember:
We donโ€™t see things as they are, we see them as we are, or as we want them to be. This makes things harder than they need to be. Today, Iโ€™m sharing my story, hoping youโ€™ll not have the same experiences as I did.

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