Make your way back to crypto with secure on-chain finance

All too often people experience crypto as a simple three-step game: invest, win, then lose it back. And that’s the end of the line. But on-chain finance is introducing a lifeline for investors who’ve experienced downturns. It’s a chance to rebound from past financial setbacks, turning what might seem like the end into a new beginning. This time with less risk.

Whether the sting has finally worn off or you’re just scared stiff of losing it all, the advantages of safe on-chain finance as a comeback method are real. It zeroes in on the advantages of modern approaches like recourse mechanisms, so you can benefit from both transparency and security in one solution. But you also need to have the right attitude when you step back in the ring.

We’re here to help you dust off that Ledger and top up your wallets with some simple steps, knowledge, and advice to get back in the game of gains.

Turning crypto setbacks into personal growth

Investing in crypto isn’t a one-way trip, and things don’t always go as planned. It’s like going for your dream vacation, only to find that the views were nothing like the pictures. These are setbacks, but they don’t mean your entire journey is ruined. You can adjust your plans or choose a different destination - just like in crypto. The key is learn, grow, and chart a new course.

Let’s say you lost all your money on a fake investment scheme. It’s a loss, but setbacks are just a temporary detour. Instead of seeing it as the end of the road, think of it as a chance to explore other options, discover new solutions, and understand more about the crypto market. Just like how travelers learn after uncertainties during trips, investors can grow and become more resilient after facing pitfalls in crypto.

Mindset hacks to get back in the blockchain game

Investor psychology is a tricky thing, especially if you’ve experienced things like rug pulls, liquidations, or just flat out investing in the wrong project or token. It’s a blow to both your bank account and ego, causing many to quit altogether. But persistence and patience pays, especially in crypto. Here are some tips to help rewire your brain for success this time around.

Write down your goals. Crypto investing shouldn’t just be about watching numbers go up or down. Get clear in your mind why you want to succeed. Whether it’s buying a new home, paying for your kids’ college, or just taking that dream vacation, knowing what you want will help you invest more effectively.

Stick to the plan. Be realistic about how much you can invest on a regular basis, and the levels of risk you’re willing to tolerate. Come up with a specific amount and a regular investment plan. But most importantly, don’t deviate. It’s ok to adjust your plan over time, but having a framework in place will systemize your investing and reduce stress.

Know your limits. Many of us think that we can do it all. Long-term crypto investing, day trading, NFTs, and trying to capture profits at every turn. But take a look at your life, schedule, career, and commitments. Can you really dedicate what it takes to get great returns in three or four different areas? Oftentimes, less is indeed more.

Don’t ignore your health. The crypto markets operate 24/7, and you may have encountered the pitfall of being too “plugged in.” But physical well-being has an impact on investment decision making. Make time to hit the gym, eat well, or even go for short walks. You’ll weather the volatility with much more resilience and a level head.

Cultivate a support network. Crypto investing is a lot like life – going it alone isn’t usually the best idea. Whether it’s friends and family, crypto groups, or even a life coach, you’ll want a robust support system to help you through all market conditions. In many scenarios, losses could have been avoided if you just bounced an idea off a friend.

If you did experience a significant setback in crypto, odds are you were ignoring at least two or three of the above. The good news is that these tips are rather simple to implement. Getting into the right mindframe to get back into the game is as easy as jotting your goals down on a piece of paper, going for a hike, or grabbing coffee with your blockchain buddies to chat each week.

Making a comeback with safe on-chain finance

If some of your crypto investments have gone south, safe on-chain finance is a vehicle to learn from your mistakes and come back wiser. It’s a secure alternative to the risky nature of decentralization, especially with Haven1 integrating the safety benefits of TradFi and rewards of on-chain finance in one solution.

There’s more good news. You get to be in charge of your financial success by owning your assets on-chain. You’re not just moving away from a risky trading environment, you’re also earning more control over your money. Safe on-chain finance offers decentralized decision-making with a provable identity framework to ensure secure transactions when managing assets.

Here are some benefits of on-chain finance:

• Transparent transactions and funding
• Credit scores and more financing options
• Undercollateralized on-chain lending
• Tokenized real-world assets 

Conclusion

Everyone has their fair share of ups and downs in crypto. Some investors make it, while some don’t. But that’s because they end the journey before it’s even started. The key is to see your path to success is returning with resilience. Recognize that your crypto losses aren’t defeats, but a way to see that safe on-chain finance is a better solution for your financial success. 

Embrace the advantages that on-chain finance offers, especially with Haven1’s unique features and integrated traditional recourse mechanisms in the event of fraud. Now, you can come back wiser in crypto with more transparency, security, and control over your financial destiny.