Topic: Crypto is dangerous.... - page 10. (Read 2899 times)

Hello everyone, Today i'd like to share my story.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....

good luck and enjoy your lives and don't ruin anything.

Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.

Lots of people are living with whole lots of misconceptions about cryptocurrency and this is largely because they fail to learn. You cannot enter the world of crypto without any knowledge about it. This is when it becomes dangerous.

It is an interesting story. I think people should not spend and invest all their money in cryptocurrencies because it is a huge risk and everything can be changed fast. In my opinion we can invest the amount of  money that we may afford to lose

Crypto has both good side and bad side. Cryptocurrency decentralised nature is the main reason behind its bad side. Because of its decentralised nature it does not under control of any kind of authority or government and because of this no one notice its illegal production which help illegal activities. Cryptocurrency untraceable transaction also supports some criminal activities like kidnapping, murdering, child pronography etc. In resent some times ago the malware attack were happen directly link with cryptocurrency like bitcoin.

Hello everyone, Today i'd like to share my story.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....

good luck and enjoy your lives and don't ruin anything.

Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.

Cars are dangerous. Cricket bats are dangerous. Bread knives are dangerous. Anything is dangerous if you don't know what you're doing and are reckless with them. When you trade you're essentially gambling so people need to realize that because we all know gambling can be dangerous too and if you're reckless or don't know what you're doing then you can lose your investment very quickly, but this isn't limited to bitcoin or crypto. It applies to all investments and people need to realize crypto isn't a magical money making system.