You only need to study and research more about coins that you will invest for a long period of time because if you just choose and don't see the development of the coin you will experience a big loss.
the investment without grounded by doing a research is suicide I think. everyone knows the huge risk cryptocurrency to accept the loss, but all that could be overcome with the knowledge we have. Learn about the market and how to start investing crypto in order to get a profit. I think not only you receive the disadvantage of crypto, some people including me also never experienced investment losses from crypto. but can all be overcome with knowledge. 
Topic: I went bankrupt when I joined in cryptocurrency - page 3. (Read 2131 times)
One of the lessons to the story is to never invest all or almost what you have to sonething. Always have something half for yourself because you can’t always be sure. Its okay to be greedy sometimes, but always think thrice with your decision.
First, this is not my story, this is a story that a couple, their happiness may be shattered when the husband invests in cryptocurrency and now he is in danger of losing all the money he has invested. And this is the whole story told by the husband
"In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
"In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
You can make it as a part time Job without losing your current and regular job, Yes i heard that 2017 is got a many millionaires , but think of it twicely to be sure that you willing to invest on it And when you invest in crypto although there are hope for you to become one of the millionaire someday you must take your limit to prevent not losing your money if your can't be successful in investing on it. Be sure on the action you did before get trust your money grow.
You only need to study and research more about coins that you will invest for a long period of time because if you just choose and don't see the development of the coin you will experience a big loss.
If the reason is this was your first come, then it reasonable. If you're always in bad luck while invest in altcoin or never make multiple profit, then it was your fall, because you haven't done the right research like the others do. However, at the very beginning people always say, invest in crypto is high risk.
come on, this is not real money..and everything has a risk
This story may indicate that you need to closely monitor market trends. I think you got a good experience and understand cryptocurrency more than anyone else.
I guess because of the way you entered into the cryptocurrency business, I don't want to blame you, but I think if you had followed the rules you are suppose to be rejoicing today.
All types of investments has risks at its own level, thus always bear in mind not to invest you can afford to lose because if you fail you would end up blaming up yourself. Also you should do your own research, plan & wise decision making and not just rely on hype and others speculation, then trade wisely -- buy on dumping period and wait for a pump to possibly to earn profits.
Crypto is a very risky thing to play with and many went bankrupt, especially because of hard times lately, you are not the only one who experienced that, but that's how the game works.
I must say you invest because of multitude
You didn't carry diligent research on what's bitcoin itself before jumping into the trading. I must say alots pf lesson is needed in this days crypto.
DYOR
Do not FOMO
Do not FUD
TS
TC
TA
Candle Stick Reading
etc
You didn't carry diligent research on what's bitcoin itself before jumping into the trading. I must say alots pf lesson is needed in this days crypto.
DYOR
Do not FOMO
Do not FUD
TS
TC
TA
Candle Stick Reading
etc
That is why you should always remember that only invest what you could afford to lose.
Don't get greedy you are a perfect example for the newbies that they shouldn't put everything they got in something that is too risky.
Don't get greedy you are a perfect example for the newbies that they shouldn't put everything they got in something that is too risky.
And never borrow the money, especially when you are going to spend it on the cryptocurrencies. Always remember about the crypto market high volatility and do not risk too much.
It is very wrong to be greedy, don't always want it all. When you trade, trade with caution and moreover many people came in this year January with the mind set of making it big time overnight.
many people don't think in detail when buying bitcoin, especially when crypto prices increase at the end of last year. I also experienced it and lost quite a lot of the profits that I hold up to now, but a lot of experience gained and made me more resistant to the current situation, at least I feel it now rather than later with greater losses, I did not give up to go bankrupt and try to trade from the remaining available capital.
This story is same for everyone that came in early this year or last year ending. Everyone was too excited to notice the market was over priced.
No one will really notice it because crypto that time looks unstoppable. With so many news and a lot of FOMO's getting in, everyone was really exciting as if we're taking the world by storm, we almost did touch the 1 trillion marketcap, it was really a huge success last year.
However, for those who see that the market is overbought, they knew what was coming and maybe majority dump everything including bitcoin at the early months of 2018.
That is why you should always remember that only invest what you could afford to lose.
Don't get greedy you are a perfect example for the newbies that they shouldn't put everything they got in something that is too risky.
I think it's wrong that you yourself might join in Crypto not know what it means and how it works. and you are in a hurry to invest to get money. but instead you got tricked. and your money is gone with a blink of an eye. Don't get greedy you are a perfect example for the newbies that they shouldn't put everything they got in something that is too risky.
This story is same for everyone that came in early this year or last year ending. Everyone was too excited to notice the market was over priced.
I think we are to blame for our troubles. If this man had played more carefully, he wouldn't have lost everything. IMHO
You are definitely right about it. I have learned my lessons as well. Trading is as hard as it seems as there is no guarantee for a real success. Sometimes everything seems to be more of a luck than a real opportunity that can be studied and prepared. The best thing that he could have done was to study it before really investing a lot. I felt how sad he would have. Lucky for me the money had not been so important when I lost it. But I still think that there will be a time maybe in the future when everything will be back to normal so I am just keeping my coins and holding it for as long as it really seems reasonable. We need to have stop loss value that is the only way we may be able to limit ourselves and our loses.
First, this is not my story, this is a story that a couple, their happiness may be shattered when the husband invests in cryptocurrency and now he is in danger of losing all the money he has invested. And this is the whole story told by the husband
"In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
"In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
If you enter the world of crypto, you must do some thorough research about it. Have some basic knowledge before you do some risky things. And number one rule, invest what you can afford to lose. Dont go all in with your money in investing, leave some bro. Cryptocurrency os very volatile one day you are in a cloud nine, the other day you will be in hell.
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