Bear Market 2022: I Lost $100k and Sold ATH – Crypto Risk and Lessons

A personal crypto journey through the 2022 bear market, detailing a $100k loss, early NFT profits, and lessons in risk management.

Rich by Coin

2026-02-12

I focused on NFT projects on Ethereum, and then moved on. I was 16 when I earned my first significant money by selling NFT project whitelists on Ethereum.

Bear Market 2022 was a stern test for crypto investors. I faced a $100k loss as prices retraced and the market turned bearish. Before the downturn intensified, I had sold at an all-time high, underscoring how timing and risk tolerance shape outcomes in this volatile space.

I initially focused on NFT projects on Ethereum, then moved on as the market evolved. I was 16 when I earned my first significant money by selling NFT project whitelists on Ethereum. Those early profits taught me the value of identifying momentum, even as the risk of a sharp reversal remained.

The bear market ultimately highlighted the importance of risk management and learning from losses. It reinforced that profits can come from savvy exits as well as early bets, and that adapting strategies over time is essential in crypto. Moving forward, diversification and disciplined position sizing became central to my approach.