I stopped my crypto journey way back last year because of so many losses and got busy with my school works, it was last year in February when I lost a huge amount of my money investing in altcoin and got rugged, I was depressed that time and sad because I lost a huge amount of money which makes me stop my crypto journey and just focus on my study.
The first mistake you made was not understanding what crypto is all about, in cryptocurrency, we should always learn to invest any amount we can afford to lose, don’t invest any amount that’s going to affect you after losing it, I think that was the first mistake you made, you invested huge amount of money and after losing you lost interest in cryptocurrency.
Investing in altcoins is really risky, when investing in altcoin, it’s just like you are gambling, your profits is not assured, altcoins can crashed at any moment, we saw some strong altcoins that crashed last year so no altcoin should be trusted. I see no reason why you should invest huge amounts of money in altcoins. Am sure if you really understand what cryptocurrency is all about you won’t have lose that amount of money that leads you into losing interest in cryptocurrency.
Two weeks ago I saw my friend on Facebook posting such luxury and cars he already has and I know that person is into cryptocurrency so I know that he got all those things because of cryptocurrency that inspires me now to continue my crypto journey and I will start it with this forum as I know I can have a lot of lessons and advice here.
You should have it in mind that your friend didn’t accumulate all of those wealth within a day or few weeks, so if you are going back to cryptocurrency then you shouldn’t expect to be rich overnight, it’s a gradual process, you have to understand what cryptocurrency is all about and you have to learn from your mistakes, if you don’t learn from your mistakes, if you still go back to cryptocurrency, then you are still going to be disappointed because you will keep on losing.
Make sure you get a book, make your analysis about your past experience in crypto space, take down all the possible things that causes your loss in your previous crypto journey and look for possible solutions to solve the problem.
I just realized how risky cryptocurrency is, especially for those people who have not yet have good knowledge about it, I've learned from my mistakes last year and j am now here exploring again and will be careful this time.
Most people think cryptocurrency is a easy way to make money, that’s why most newbies always lose money and they always lose interest in cryptocurrency, because they don’t believe they can lose money in cryptocurrency, most of them are always having wrong orientation about cryptocurrency before joining it, but to be honest cryptocurrency is risky, but not only cryptocurrency, every investment is risky.