I Lost $20,000 in SafeMoon Investing Mistake—Here’s What It Taught Me About Real Wealth

Written by Silivere Bakomeza, Founder of BakoInvest

What started as a moon mission ended in flames-and taught me more than any win ever

I bought SafeMoon at its all-time high in April 2021.

I watched my $20,000 turn into dust.

It wasn’t just the money I lost—it was what it represented.

The false hope. The hype. The belief that you could shortcut your way to wealth if you just moved fast enough. That one trade could change your life.

Let me walk you through what really happened—and how that massive mistake led me to build a 20-year wealth strategy around a single stock. Publicly. With full conviction.

Because mistakes only make you poor if you don’t learn from them.

The Setup: When Hype Feels Like a Shortcut

It was spring 2021. The crypto world was on fire.

Elon was tweeting. Dogecoin was pumping. Everyone was suddenly a trader. And SafeMoon? It was the “next big thing.”

I had already made some fast money on Dogecoin. And like millions of others, I was chasing that next hit. I didn’t research SafeMoon’s fundamentals. I didn’t understand its tokenomics. I just saw rocket emojis, six-figure screenshots, and influencers shouting, “Don’t miss this!”

So, I bought in heavy. $20,000. Near the all-time high.

The Fall: From Fast Gains to a Fast Lesson

At first, I felt like a genius.

My portfolio doubled in days.

But I didn’t sell—because I believed the hype. “It’s going to $1.” “This is the next Doge.” “We’re early.”

Then it crashed. Hard.

Not slowly. Not over time. Brutally.

Every bounce felt like hope. But every bounce was a lie. There was no real floor. No fundamentals. No exit.

Just me, stuck in a trade I didn’t understand—watching my $20,000 melt away.

The Wake-Up Call: What Losing $20,000 Taught Me

That $20K loss was my financial slap in the face. It hurt. But it changed everything.

Here’s what it taught me—and how it saved my future.

1. FOMO Is Not a Strategy

I bought SafeMoon because I was afraid of missing out—not because I believed in it.

And that’s the fastest way to lose money.

Now? I only invest in what I understand, believe in, and am willing to hold through the fire.

2. Conviction Beats Hype—Every Time

I had zero conviction in SafeMoon. I couldn’t explain what it did or why it existed. I just wanted to ride the hype.

That’s why I now invest in MicroStrategy ($MSTR).

I understand it. I believe in it. And I’m committed to it for 20+ years.

3. Wealth Doesn’t Come from Luck. It Comes from Systems.

After SafeMoon, I stopped gambling and started planning.

Now I invest $50 every weekday into $MSTR.

No chasing. No hype. Just consistent wealth-building.

Here’s the day everything changed for me:

This Is the Most Important Share of My MSTR Journey

The Pivot: From Hype to Conviction

After I licked my wounds, I made a decision:

No more meme coins I don’t understand.

No more influencer picks.

No more trying to get rich overnight.

I built a real strategy:

• I budget 35% of every paycheck for investing

• I automatically buy $50 of $MSTR every market day

• I invest like my future depends on it—because it does

Here’s exactly how I do it, step by step:

How I Buy MSTR Daily Without Stress, Guessing, or Going Broke

Tools I Actually Use (No More Sketchy Wallets)

I don’t touch random hype coins anymore. I only buy memecoins I understand and use real platforms built for real investors:

• Robinhood: Where I run my $50/day MSTR challenge

• Webull: Great for tracking, research, and options

• Acorns: Easiest way to invest passively with round-ups

• Coinbase: Secure for long-term crypto holds

• Crypto.com: Fast and trusted for buying Bitcoin and Ethereum

I recommend these because I use them—not because someone paid me to say it.

What I Do Differently Now

SafeMoon was a mistake. But it also gave me clarity.

It showed me who I was not—so I could become who I needed to be.

Now I…

• Invest with conviction, not emotion

• Buy memecoins I understand, not ones trending on TikTok

• Build wealth with consistency, not luck

• Track shares accumulated, not just dollars spent

• Share everything publicly, to stay accountable and prove it works

Want to see that strategy in motion?

Week 1: Why I’m Dollar-Cost Averaging Into $MSTR One Share at a Time

Final Thought: You Don’t Have to Lose to Learn

You don’t need to lose $20,000 like I did.

You don’t need to ride a hype train straight into regret.

You just need to make one decision:

Will I keep guessing—or will I build wealth with purpose?

It’s not about being perfect. It’s about being intentional.

SafeMoon was my mistake.

MicroStrategy is my redemption.

And this blog? This journey? It’s my blueprint for something real.

Start Building Your Own Strategy (Right Now)

Here are the tools I trust and use every day:

• Get Free Stocks on Webull

• Start Your $50 Challenge with Robinhood

• Invest Your Spare Change with Acorns

• Buy Crypto Safely on Coinbase

• Use Crypto.com for Quick Buys

You Might Also Like

• Why I’m Publicly Betting on Just One Stock—Even Though I Own Others

• Retirement on My Terms: How I’m Building Wealth My Own Way

Written by Silivere Bakomeza, Founder of BakoInvest

1 share at a time. No hype. Just proof.