Topic: My Story about my life and Bitcoin (ends badly) ✞ (Read 971 times)

Hello fellow cryptomaniacs,

I'm just gonna write a story because I'm stuck and need help.


1 year ago when Bitcoin was trading at 600$ I was looking for online tasks and other stupid things that make you earn hardly 1$ a day.
When I noticed websites that paid in Bitcoin I deciced to do this and later exchange it for "real money".
I thought Bitcoin was like PayPal with an unofficial currency called Bitcoin. But when I decided to look up what Bitcoin actually was I found that I could "generate" Bitcoin. So I tried doing that with my tablet (LOL!!). When I looked up more about it I found out about it's technology and decentralization and got obsessed (At least I realised it instead of being stubborn and be like "nah, Bitcoin is scam. It's not real money"). At the time I was 18 years old and decided to talk about it with my parents to get some money from my own bank account for Bitcoin trading. But my parents blocked my bank account for preventing me doing stupid things with it.
When I tried to convince them and explain them what all of this is about they say it's not "real money" and that it is a "criminal underground world". I know people do drugs with Bitcoin but so do people with FIAT "the real not scam money #sarcasm" so maybe we should get rid of that first right? So I got really annoyed and tried to get a job but I don't have a graduate yet so I was really fucking stuck.
I went to a judge several times to talk about this but he is a close minded idiot as well. finally one year later when I was 19 and Bitcoin was trading at around 3000$ I got a chance with 1000$ to invest. I also wanted to move out of the dictators house before going to school again. I know a lot of trading and I tried it with 10$ back when Bitcoin was trading at 600$ and I was really good with it. So finally 1 year later and after many delays (and yes even the bank was trying to stop me) I started trading and all went really well for a couple of days.
But because 1000$ is not enough money to have enough profit to make a living of it so I can live alone and be free I started to get frustrated because my realistic goals of profit didn't get me enough profit to live on myself.

So I got frustrated and started to take too much risks and didn't follow my own plans and now I lost half of money because of this.
As long as my parents don't give me enough money to trade with it is impossible to have realistic goals and a reliable income.
I started trading around august 1 which also is a bad time because Bitcoin was rising and altcoins keeps falling (BTC price).


So I got into emo trading now. I cannot trade without emotions if I don't have enough money to have realistic goals. I was under too much pressure.

I need more but how? Can't talk with parents since everything will be my "my fault". A lot of frustration and anger had built up past year.


Thanks for reading. Hopefully I won't get too much of "it's your own fault you idiot" and "you are a bad trader" comments

You're basing your argument on the premise that if you had more money, you would be trading better.  The reality is that if you had more money, you would be very emotional because you're terrified of losing large amounts at once or suffering from volatility.  Even if you were not like this, you can't just trade and expect to succeed.  You need to have a clear strategy and actual reasoning behind what you're doing other than the fact that crypto has rose in value in the past.

People do make money from trading but no one makes a "reliable" or "steady" income from crypto trading unless they're a complete whale who has enough power to manipulate the market.

Your parents were wrong about crypto being drug money, and they should not have prevented you from accessing your bank account, but you need to be serious here.  You sound like an extremely cliche teen rebel.

The reason I started taking those risks is because I was simply hoping for it to turn out well and give me opportunity for a better life and rent some cheap appartment. High Risk = High Rewards (when lucky) I've set an unrealistic goal for the amount of money I am trading with. I'm 100% sure it wouldnt' have gone this way if my parents never got me into frustration like this. Only time will tell who is right.
We'll see.

Thanks

Thanks, I already tried freelancing. But it's hard to get that first job, I never got my first job on Upwork. (pays to paypal, then I would buy with my VirWox account because it already is verified)

I'm not sure what to do

Hello fellow cryptomaniacs,

I'm just gonna write a story because I'm stuck and need help.


1 year ago when Bitcoin was trading at 600$ I was looking for online tasks and other stupid things that make you earn hardly 1$ a day.
When I noticed websites that paid in Bitcoin I deciced to do this and later exchange it for "real money".
I thought Bitcoin was like PayPal with an unofficial currency called Bitcoin. But when I decided to look up what Bitcoin actually was I found that I could "generate" Bitcoin. So I tried doing that with my tablet (LOL!!). When I looked up more about it I found out about it's technology and decentralization and got obsessed (At least I realised it instead of being stubborn and be like "nah, Bitcoin is scam. It's not real money"). At the time I was 18 years old and decided to talk about it with my parents to get some money from my own bank account for Bitcoin trading. But my parents blocked my bank account for preventing me doing stupid things with it.
When I tried to convince them and explain them what all of this is about they say it's not "real money" and that it is a "criminal underground world". I know people do drugs with Bitcoin but so do people with FIAT "the real not scam money #sarcasm" so maybe we should get rid of that first right? So I got really annoyed and tried to get a job but I don't have a graduate yet so I was really fucking stuck.
I went to a judge several times to talk about this but he is a close minded idiot as well. finally one year later when I was 19 and Bitcoin was trading at around 3000$ I got a chance with 1000$ to invest. I also wanted to move out of the dictators house before going to school again. I know a lot of trading and I tried it with 10$ back when Bitcoin was trading at 600$ and I was really good with it. So finally 1 year later and after many delays (and yes even the bank was trying to stop me) I started trading and all went really well for a couple of days.
But because 1000$ is not enough money to have enough profit to make a living of it so I can live alone and be free I started to get frustrated because my realistic goals of profit didn't get me enough profit to live on myself.

So I got frustrated and started to take too much risks and didn't follow my own plans and now I lost half of money because of this.
As long as my parents don't give me enough money to trade with it is impossible to have realistic goals and a reliable income.
I started trading around august 1 which also is a bad time because Bitcoin was rising and altcoins keeps falling (BTC price).


So I got into emo trading now. I cannot trade without emotions if I don't have enough money to have realistic goals. I was under too much pressure.

I need more but how? Can't talk with parents since everything will be my "my fault". A lot of frustration and anger had built up past year.


Thanks for reading. Hopefully I won't get too much of "it's your own fault you idiot" and "you are a bad trader" comments

Go back to your parents house, you will save a lot of money by living with them... Or find someone to live with you and split the bills with this person. Save money, buy Bitcoins and just hold it or do safe trades (not often). If you are a good trader you won't have problems with this.

Hi there. We've mostly all been 19 and done worst, possibly more idiotic things. So take comfort in that. You said your story ends badly, but I think you're missing the main point: it's not over!

You've lost some money, but not all of it. You even have a huge safety net that you can't access. You should be thankful for that, your own admissions that you are prone to emotional influence shows that you can't yet trade for a living and that you can't yet handle your money responsibly. Believe me, earn back that trust and show them they are wrong, your parents will give you control of that 10k pounds.

Tell you what, there's no get-rich-scheme, not even with Bitcoin. Take the advice of persevering with earning your own money. At minimum wage, a few months of work at Costas can recover your losses. Work hard, save up, and do whatever it is you want to do diligently. Freelancing didn't work for you? It took me years to build up some form of recognition and I lost them in a few months when I switched careers. You need to invest effort and time to network and build portfolios if you want to freelance.

Remember, it is not the end. It hasn't gone well for you, but there's plenty of room to turn this around.

You should trade on paper for a year until you have proven to yourself you can make profits consistently. Most new traders lose their bankroll and quit. When you are young you think you are special and the rules do not apply to you but pro traders will eat you alive. Fresh meat is what novice traders are called. Good luck. If you are serious about trading you need to find a mentor who will teach you enough for you to stay above water.

You should trade on paper for a year until you have proven to yourself you can make profits consistently. Most new traders lose their bankroll and quit. When you are young you think you are special and the rules do not apply to you but pro traders will eat you alive. Fresh meat is what novice traders are called. Good luck. If you are serious about trading you need to find a mentor who will teach you enough for you to stay above water.

You're basing your argument on the premise that if you had more money, you would be trading better.  The reality is that if you had more money, you would be very emotional because you're terrified of losing large amounts at once or suffering from volatility.  Even if you were not like this, you can't just trade and expect to succeed.  You need to have a clear strategy and actual reasoning behind what you're doing other than the fact that crypto has rose in value in the past.

People do make money from trading but no one makes a "reliable" or "steady" income from crypto trading unless they're a complete whale who has enough power to manipulate the market.

Your parents were wrong about crypto being drug money, and they should not have prevented you from accessing your bank account, but you need to be serious here.  You sound like an extremely cliche teen rebel.

Well, too late now. I thought banks were better than cash because it is safer (for most people). Unless parents decide to "protect" you.
Or unless governments block your bank account because you could be a criminal.

Cash gives you more control indeed, but 1 thief can easily take it all.


Now I wish I did the same like you so I could put it on a prepaid credit card and buy cryptocurrency with all of it and be safe!!

So you recommend swapping one suicidal trade for another?

It's great that it worked out for you. It's also extremely easy in retrospect.