I felt like sharing this story biz. No larp, 100% true.
I got into crypto in June of 2017 and put literally my life savings into Ethereum (about $80k). I watched that number blow up to $1m by January the following year, but my greed took hold of me. I thought I could beat the market and trade my way out of the losses that started building. I had never traded before, but somehow thought I had some kind of edge simply because I beat the market during the bull run by taking on too much risk.
I had 120 BTC worth of alts at the peak, which gradually dwindled to 60, then 30, then 10 and eventually out of frustration I put my last 5 into a shitty alt hoping for moon, only to watch it go down to 2 BTC. I then tried margin trading the rest using too much leverage, and was liquidated within a few weeks. The morning I woke up to my liquidation alert and saw my account balance was $0.00, I felt nothing weirdly enough - almost free. The two years of bear combined with losing $1m dollars and so much time had made me a hollow empty shell of my former self. I had to get a job.
This was 6 months ago. I have been saving non stop for 6 months and finally have managed to buy 1 BTC with a ledger. I have sent it to my ledger and will not be trading with it, with the intention on not even looking at the price for 3 years. Even though I lost a lot, I still feel like I have a little moon ticket waiting for me in a few years.
Moral of the story: there is no easy money, and what goes up typically comes down just as hard. Work hard, DCA into the one quality asset in this space (BTC) and anyone with at least 1 BTC in 5 years will be incredibly wealthy.
Goldspeed fren You will make your losses back, I am sure. Greed is the worst of all evil. Was a hard lesson to learn for me as well
Luke Scott
you weren't greedy, you were arrogant, big difference
Robert Robinson
man, im so sorry to hear, to go to 120 btc to 0. i have had my fair share of losses (once scammed out of 10.5k, once i have lost about 4k twice at one point, missed 10k profit on chainlink by selling a few hours before etc), but what you went through is revolver to the mouth worthy.
and yet you are back at it again and learning from your mistake. kudos to you man. i admire your bravery to stand up and do it again if nothing else.
Nathaniel Hill
May i ask if you have been SLAMMED WITH A FUCKING BRICK IN THE HEAD?
you come here and start the typical 'i need feelgood and confidence', at the end of the line you blew 80k, and are now ready to blow another 6k, just so you can MAYBE get even back to 80k. For that to happen it would need and atealst 10x increase again, which is, let's be honest, never going to happen.
for one simple reason, listen to me closely.
the banking industry will never, ever let cryptocurrency become an competative fiat. Simply because they can't make money of it the some way they can with fiat now. Our whole world is build on fiats, and is held together by strings of debt.
Cryptocurrency IS the answer to a dying monetaire system we live in today. But the answer will take down the ones that are in control now.
TLDR: You had 80, and now you less then 10% and act like a chad while ur actually a beta fucking investor, just like me and the other fake bulls on here,
Xavier Wood
>Cryptocurrency IS the answer to a dying monetaire system we live in today fuck off retard
Eli Stewart
if you don't know why it is it just means you are retarded, it actually has fucking value from work, not printen.
