Bitcoin Destroyed my life-bitcoin Investor

[SlipMart]

For one to successfully navigate through the cryptocurrency space successfully he most be very well equipped to an extend about the danger of investing and trading the cryptocurrency market.But most traders out ignorance of how the financial world works will jump in without any sort of preparation or good financial advice from successful players in the industry. Cryptocurrency and other financial investment is a double edge sword and should be treated with causion.

Here we have a man(A redittor with username Myallmymoney) who is currently at his middle sixties who claims that investing in bitcoin jeopardized his life savings and know he has nothing to hold unto.

This Is His Story

Bitcoin destroyed my life.

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.

Continue Reading >>>>>>>https://bitzamp.com/bitcoin-destroyed-life-bitcoin-investor/

[1715471584]

1715471584

[1715471584]

1715471584

[Emoclaw]

I'm going to be as honest and blunt as possible. You need to find better things to write on your website than Reddit stories from 3 years ago if you want it to succeed. That story is irrelevant today.
This is the original comment: https://www.reddit.com/r/Bitcoin/comments/2keueb/my_thanks_to_you_all_bitcoin_has_changed_my_life/clkmqp9/
I hope this guy is in a better condition now. If he held his Bitcoin that would be $700k now.

On a side note, it now seems that we will truly be at 10k soon.

[haroldtee]

Good he blamed himself and not bitcoin at the end of the whole story. It is quite a story and I hope a lot of people who feel bitcoin is a get rich quick scheme will learn a lot from it.  So many people have no single idea how bitcoin even came around, what gave birth to it, the risk of investing etc and then with the mindset that bitcoin is going to make them rich they hop into the train and then panicked when they see the other side of the volatility showing its face.
Going all in means exposing yourself to huge risk, more like greed to me and worst part, without even a full understanding,  you expose yourself to panic risk. Hope someone get to borrow a leaf from this guy's story and I hope the guy is smiling now, if he ended up not panicking the year the story was written.

[harryyuma]

The story is might true but bitcoin for me is good and I experience a lot and it's so convenience in bitcoin since I start this year,you need to study first a lot in bitcoin trading when you do invest because it's so risky or do the sure thing like join in some open campaign here to earn then do trading so even if your invest is not going well your money are from your profit here in bitcoin not your own money and it's not risky

[Pursuer]

Here we have a man(A redittor with username Myallmymoney) who is currently at his middle sixties who claims that investing in bitcoin jeopardized his life savings and know he has nothing to hold unto.

I am sorry say this but investing in bitcoin did not jeopardize his life savings, his naiveté did.

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.

I have highlighted the main issues.
1. going all in.
this is a stupid move. some people do it because they are bold BUT when they do it they are well aware of the risks they are talking. they know they can lose everything and they know they can make a lot. not just think they will make a lot without risk overnight. only an idiot does that.

2. not educating himself.
I mean you want to buy something small like a cell phone you ask around, do some research and see what is best then pay the money. how can you not know much about something that you are investing ALL your money in?!!

3. reading comments and seeking financial advice from random people!
I haven't really read reddit crap much but here I always see everyone warn newcomers to "invest what you can afford to lose" and I never see anyone assure them of price rise. I never do it myself anyways. whenever I say price is rising I say something like there is a good chance or it may also drop.
you shouldn't really seek financial advice from random people anyways!

[SlipMart]

I'm going to be as honest and blunt as possible. You need to find better things to write on your website than Reddit stories from 3 years ago if you want it to succeed. That story is irrelevant today.
This is the original comment: https://www.reddit.com/r/Bitcoin/comments/2keueb/my_thanks_to_you_all_bitcoin_has_changed_my_life/clkmqp9/
I hope this guy is in a better condition now. If he held his Bitcoin that would be $700k now.

On a side note, it now seems that we will truly be at 10k soon.

Thanks

[SlipMart]

Here we have a man(A redittor with username Myallmymoney) who is currently at his middle sixties who claims that investing in bitcoin jeopardized his life savings and know he has nothing to hold unto.

I am sorry say this but investing in bitcoin did not jeopardize his life savings, his naiveté did.

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.

I have highlighted the main issues.
1. going all in.
this is a stupid move. some people do it because they are bold BUT when they do it they are well aware of the risks they are talking. they know they can lose everything and they know they can make a lot. not just think they will make a lot without risk overnight. only an idiot does that.

2. not educating himself.
I mean you want to buy something small like a cell phone you ask around, do some research and see what is best then pay the money. how can you not know much about something that you are investing ALL your money in?!!

3. reading comments and seeking financial advice from random people!
I haven't really read reddit crap much but here I always see everyone warn newcomers to "invest what you can afford to lose" and I never see anyone assure them of price rise. I never do it myself anyways. whenever I say price is rising I say something like there is a good chance or it may also drop.
you shouldn't really seek financial advice from random people anyways!

Awesome Advice

[Angelia46]

Do not know what to say, I was shocked, do not blindly invest what they do not understand, even if the investment, it is impossible to hold for a long time.

[hasmukh_rawal]

That's a huge amount to lose though. It sure is his own fault but he would have been a millionaire if he would have just hold the amount till date.
Instead of asking others for advice he should have did a research of his own. This is what most of the people in the crypto community do. They ask others what to do and invest their money in it. When they lose their money, they blame the coin for it.

[Stelarion]

   It is also important to say that you can't loose on trading before you sell the item ( coin, token, land, apartment, stocks, shares, futures, fog ... ) that you have bought. If you bought it on, for example 1000, just f... wait it to be more than 1000. It is as simple as that.  

[Ucy]

People who aren't good at risk will hardly survive the Cryptocurrency World. I seriously hope he is OK now.

[SlipMart]

People who aren't good at risk will hardly survive the Cryptocurrency World. I seriously hope he is OK now.

He is okay now...just that he wished he was still hodling

[SlipMart]

  It is also important to say that you can't loose on trading before you sell the item ( coin, token, land, apartment, stocks, shares, futures, fog ... ) that you have bought. If you bought it on, for example 1000, just f... wait it to be more than 1000. It is as simple as that.  

It Is not as simple like you think

[sindikat]

People who aren't good at risk will hardly survive the Cryptocurrency World. I seriously hope he is OK now.

I don't know what your understanding of risk. It seems to me that bitcoin provides people the opportunity to not think about the risk. He constantly grows in price. There are certainly a dump but it is a very long time. If you have no patience then you will have problems everywhere. Conversely, I don't know a less risky asset than bitcoin. He can't destroy life.

[audaciousbeing]

I'm going to be as honest and blunt as possible. You need to find better things to write on your website than Reddit stories from 3 years ago if you want it to succeed. That story is irrelevant today.
This is the original comment: https://www.reddit.com/r/Bitcoin/comments/2keueb/my_thanks_to_you_all_bitcoin_has_changed_my_life/clkmqp9/
I hope this guy is in a better condition now. If he held his Bitcoin that would be $700k now.

On a side note, it now seems that we will truly be at 10k soon.

Thank you for shedding light on the story because a lot of people who have commented did not even bother to read in other to ascertain whether the news exist or not. Just like the man that invested his life savings on bitcoin not too long ago, a lot of people who have castigated him for making such decision at a time when things are rough, quote his story and even call him stupid but the same set of people won't make him a role model at this time when that decision has finally paid off.

Everybody is at liberty to make his own decision depending on how he/she deems it fit but unfortunately people who cannot make such or ever take some hard decision in their  entire lives will be the one to judge.

[flashmark]

Not only BTC but this cryptocurrencies destroy my life. In the morning, noon and night i'm living with crypto trades.

[SlipMart]

I'm going to be as honest and blunt as possible. You need to find better things to write on your website than Reddit stories from 3 years ago if you want it to succeed. That story is irrelevant today.
This is the original comment: https://www.reddit.com/r/Bitcoin/comments/2keueb/my_thanks_to_you_all_bitcoin_has_changed_my_life/clkmqp9/
I hope this guy is in a better condition now. If he held his Bitcoin that would be $700k now.

On a side note, it now seems that we will truly be at 10k soon.

Thank you for shedding light on the story because a lot of people who have commented did not even bother to read in other to ascertain whether the news exist or not. Just like the man that invested his life savings on bitcoin not too long ago, a lot of people who have castigated him for making such decision at a time when things are rough, quote his story and even call him stupid but the same set of people won't make him a role model at this time when that decision has finally paid off.

Everybody is at liberty to make his own decision depending on how he/she deems it fit but unfortunately people who cannot make such or ever take some hard decision in their  entire lives will be the one to judge.

Are You Advising That People can invest their life savings to bitcoin???

[Kprawn]

The people who will lose their life savings are the people who panic at the smallest dip in the price. Remember your trigger finger will be more

sensitive, if you go ALL IN. You are more nervous, because you stand to lose EVERYTHING. This is exactly why we tell people not to go ALL IN.

Invest a small amount at first, then make some profits buying LOW and selling HIGH. Then pull your initial investment capital and only play with

the profits. 

[stompix]

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.

So? What is the problem?
He bought 85 BTC with 85k, now those coins are worth 8 times more , he would have made a profit of over half a million if he would have just hold.

The story is so outdated I really don't understand why you are bringing it back to life.
For clicks to your website I assume...lame

For the ones that really want to know what might have happened as it is just a story about a man claiming telling a story with no proof on reddit:
https://www.reddit.com/user/Myallmymoney

[nl247]

I'm going to be as honest and blunt as possible. You need to find better things to write on your website than Reddit stories from 3 years ago if you want it to succeed. That story is irrelevant today.
This is the original comment: https://www.reddit.com/r/Bitcoin/comments/2keueb/my_thanks_to_you_all_bitcoin_has_changed_my_life/clkmqp9/
I hope this guy is in a better condition now. If he held his Bitcoin that would be $700k now.

On a side note, it now seems that we will truly be at 10k soon.

Thank you for shedding light on the story because a lot of people who have commented did not even bother to read in other to ascertain whether the news exist or not. Just like the man that invested his life savings on bitcoin not too long ago, a lot of people who have castigated him for making such decision at a time when things are rough, quote his story and even call him stupid but the same set of people won't make him a role model at this time when that decision has finally paid off.

Everybody is at liberty to make his own decision depending on how he/she deems it fit but unfortunately people who cannot make such or ever take some hard decision in their  entire lives will be the one to judge.

Of course everyone is free to make decisions they deem fit is best for them, but making investment decisions blindly is what is wrong here. Taihuttu, which I believe is the guy you are referring to, who sold all his properties into bitcoin totally understand the risk and such a guy who said he is going to be trading some of the money for upkeep is obviously not a novice and he even said in the video that he is willing to accept whatever comes out of it. That is pretty a bold investment decision, not everyone can take it, but he did not do it out of ignorance.

[Victorycoin]

Good he blamed himself and not bitcoin at the end of the whole story. It is quite a story and I hope a lot of people who feel bitcoin is a get rich quick scheme will learn a lot from it.  So many people have no single idea how bitcoin even came around, what gave birth to it, the risk of investing etc and then with the mindset that bitcoin is going to make them rich they hop into the train and then panicked when they see the other side of the volatility showing its face.
Going all in means exposing yourself to huge risk, more like greed to me and worst part, without even a full understanding,  you expose yourself to panic risk. Hope someone get to borrow a leaf from this guy's story and I hope the guy is smiling now, if he ended up not panicking the year the story was written.

Did he really blame himself or that was self pity? I was expecting to hear him own up, that investing $85k in Bitcoin wasn't the problem, but doing so blindly and greedily was what undid him. If he had taken the time and pain to first equip himself with the right knowledge and skills, knowing his life savings was involved, he would have instead be sitting on piles of money by now. Every business has their secrets and they should never be taken for granted!

[SlipMart]

Good he blamed himself and not bitcoin at the end of the whole story. It is quite a story and I hope a lot of people who feel bitcoin is a get rich quick scheme will learn a lot from it.  So many people have no single idea how bitcoin even came around, what gave birth to it, the risk of investing etc and then with the mindset that bitcoin is going to make them rich they hop into the train and then panicked when they see the other side of the volatility showing its face.
Going all in means exposing yourself to huge risk, more like greed to me and worst part, without even a full understanding,  you expose yourself to panic risk. Hope someone get to borrow a leaf from this guy's story and I hope the guy is smiling now, if he ended up not panicking the year the story was written.

Did he really blame himself or that was self pity? I was expecting to hear him own up, that investing $85k in Bitcoin wasn't the problem, but doing so blindly and greedily was what undid him. If he had taken the time and pain to first equip himself with the right knowledge and skills, knowing his life savings was involved, he would have instead be sitting on piles of money by now. Every business has their secrets and they should never be taken for granted!

He listened to the advice of experts

[SlipMart]

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.

So? What is the problem?
He bought 85 BTC with 85k, now those coins are worth 8 times more , he would have made a profit of over half a million if he would have just hold.

The story is so outdated I really don't understand why you are bringing it back to life.
For clicks to your website I assume...lame

For the ones that really want to know what might have happened as it is just a story about a man claiming telling a story with no proof on reddit:
https://www.reddit.com/user/Myallmymoney

It maybe outdated but we can learn some lessons from it

[manoj kumar k]

never bitcoin will not destroy any investors life because the value of the bitcoin has increased  so if he invest in bitcoin he will become a millionare ,he wont loose in life

[speedware01]

He should have done better research to know exactly what he is getting into. And if he held that till now it would have made him a fortune. I really hope his OK though

[SlipMart]

 8)yeah

[Alfredjohn]

For me bitcoin never destroy any investor because bitcoin has many supplier so that this program many supporter and it up to the counterparty will make an issue to bitcoin.

[kenjohannes26]

I think he made the mistake of investing all his money into bitcoin, and he was an impatient person. If only he had been patient for five years maybe he had become a millionaire now.

[riskarcher]

it was his fault, why did he not first calculate the money spent on his daily needs. that's why the news is made, there's nothing to lose with bitcoin you just have to think before you act

[drm]

Stories like theis always go through my head when I see someone recommending their scam coin to someone else here on the board. 

[btcprospecter]

As more and more hear of bitcoin and the stories of overnight fortune. People will act without thinking. If you read and learn everything you can you shouldn't have problems. Too many think that it will be the best investment ever but we have to remember that those that have made serious gains have probably been in since the start.

[SaShiRaJaVu]

I really thought it was a really old topic thread and it looks like you are copying the contents from other users which are not relevant and posting as your own ,it looks like you just wanted to advertise your site and get some clicks by posting those old dated link,if you are copying something make sure you are making some effort to copy content which are legitimate .

[Koro-Sensei]

Good he blamed himself and not bitcoin at the end of the whole story. It is quite a story and I hope a lot of people who feel bitcoin is a get rich quick scheme will learn a lot from it.  So many people have no single idea how bitcoin even came around, what gave birth to it, the risk of investing etc and then with the mindset that bitcoin is going to make them rich they hop into the train and then panicked when they see the other side of the volatility showing its face.
Going all in means exposing yourself to huge risk, more like greed to me and worst part, without even a full understanding,  you expose yourself to panic risk. Hope someone get to borrow a leaf from this guy's story and I hope the guy is smiling now, if he ended up not panicking the year the story was written.

So true For those who are new to this forum and says bitcoins a garbage,Scam,fraud etc. They probably dont know how bitcoin came to existence and probably will never ever be cause they are an ignorant bunch they dont know what hardships and imaginativity to produce this  marvelous idea and so many countermeasures. And how bitcoin helps many families at some extent in financial needs.

[ladydark]

That's the main mistake which most of investors do nowadays.They just get excited on seeing the price rise and just invest without knowing the previous price history.But still who have invested in bitcoin today without any research are enjoying very huge benefits.That's another story.

[cutebat]

Well, it's not the fault of Bitcoin itself since it is just a tool that people use. In the end, it all narrows down to the user and how well they manage their money.

[BountyX]

Listen, in my first days as a Bitcoin investor I've also been cheated and pushed to lose my money and I have felt very pissed off and I thought I had lost all my money. I became a bagholder of worthless shitcoins, but I didn't sell them. Now I am a millionaire.

[peter0425]

Well, it's not the fault of Bitcoin itself since it is just a tool that people use. In the end, it all narrows down to the user and how well they manage their money.

Of course it's not bitcoin to blame here but himself. Did he do his research? I doubt that. He didn't understand that the market is based on speculation and there are manipulators from behind. Its sad to here such story, but as always, bitcoin is not a get rich scheme. There are times that bitcoin price will go down, its beyond our control.

Maybe he didn't understand what are the risk are, he just put everything on it. And just hope that it will multiple in short time. I think we have gone through his pains, but we never blame bitcoin, we try to reinvent how are we going to play the market to our advantage. Well, that's the case for me.

[kingcoiner001]

https://bitzamp.com/wp-content/uploads/2017/11/bitcoin-investing.jpg

For one to successfully navigate through the cryptocurrency space successfully he most be very well equipped to an extend about the danger of investing and trading the cryptocurrency market.But most traders out ignorance of how the financial world works will jump in without any sort of preparation or good financial advice from successful players in the industry. Cryptocurrency and other financial investment is a double edge sword and should be treated with causion.

Here we have a man(A redittor with username Myallmymoney) who is currently at his middle sixties who claims that investing in bitcoin jeopardized his life savings and know he has nothing to hold unto.

This Is His Story

Bitcoin destroyed my life.

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.

Continue Reading >>>>>>>https://bitzamp.com/bitcoin-destroyed-life-bitcoin-investor/

whoa what a story nice read..

[Janine012]

He invested on something he thinks might helped him over the past by seeing the potential of bitcoin, before and now is completely a different thing. Maybe things on that time turns the other way around that let him changed his thinking bout bitcoin. We all have different lives and different problems to deal. He is going somewhere between stability and financially by his aged, yet that was not the perfect time for Bitcoin as fully accepted by the market. It's growth and fluctuations are better than  the earnings he can get. Taking a risk for him by those times aren't the best thing he can do as he doesn't have all the time of his life to work on the money again. But, the courage and perseverance to do things to achieve his dreams is what i had admire most. I hope he'd saved some of it and enjoys the long over of time for his money to earn.  

[christian07]

I think invest only a little if you don't know already the cycle of btc price and some altcoins also so even your trading lose or not go well still it's just a little btc.I think also if you have a amount of big btc always hold that and don't sell it in low price even value of digital money gone because if you sell that in low you already lose in that so why you just stock it or save it.Moreover always think positive because fear will let you down here in crypto and i experience that too when i'm newbie.

[filharvey]

I think that he would have sold his bitcoins much earlier in panic as we could see bitcoin price to have crossed it and have reached very high price.Bitcoin investment should be mostly done as a long term investment.I hope that bitcoin has not yet disappointed any of its investors when compared to altcoins.Its quite clear that he has invested in bitcoin without actually knowing what it is.

[Cardan0]

I'm going to be as honest and blunt as possible. You need to find better things to write on your website than Reddit stories from 3 years ago if you want it to succeed. That story is irrelevant today.
This is the original comment: https://www.reddit.com/r/Bitcoin/comments/2keueb/my_thanks_to_you_all_bitcoin_has_changed_my_life/clkmqp9/
I hope this guy is in a better condition now. If he held his Bitcoin that would be $700k now.

On a side note, it now seems that we will truly be at 10k soon.

I think that the story is really bad, I mean as literature. However the message may be correct. Just invest what you can afford to loose. And that includes being able to loose it also in psychological terms.

[tashnhova]

Unreal, moral of the story....HODL!

[vicemi]

Unreal, moral of the story....HODL!

hodl the door? hodor?

[virendarnagpal]

On hearing some stories of people becoming rich by investing their money in certain instrument; Suppose I am haviing one dollar in my pocket and after hearing those stories invest in that investment; but in case the result is not to my expectations; then It is not the fault of any other people or the said instrument for which I suffered losses; but it will be definitely the fault of myself because I just ran after the  crowd instead of doing my own research and when the people running ahead of me started falling in the well and I also fell and injurred badly.  It is not the fault of that crowd ; it is my fault.
If I expect that my one dollar will be multiplied 100 times by the end of the year after investment somewhere; there must of certain solid reasons behind it or else it will be just speculation.  And if it is speculation definitely I must get ready to suffer loss too, because in speculation one person wins only if the other losses otherwise how he can win.

On the  other hand if my investment is being used for manufacturing; trading business then there will be some gains but it will be certain percentage of my investment not 50 or 100 times.  So if we are investing with speculative motives we must be get ready for losses too otherwise; do study; research before investing and invest only the savings which you can afford to loss.

[flippener]

That's a 3 year old story - if the guy hodled he'd now be a millionaire. What's the problem, and why it we discussing it now?

[bribed]

Guess our common sense should tell us that investing in anything is a double edged thing. It can work out greatly and it could also go south completely. However I dont think that this story really is relevant now, because the guy went in pretty cheap, but he could not hold as long as he needed to or he wasnt believing enough in what he invested. I think that one should eighter only invest what he is totally okay with to loose completely or invest, but with a lot of confidence in the investment and then also stick to it in bad times. If the guy held onto his coins, he will be near to a millionaire now.

[cryptojoe]

I hope this guy is in a better condition now.

[MakeMoneyBtc]

Thats an old article from 3-4 years ago because thats when the price went down to 350$. It is actually kind of stupid to invest all your life savings in only one thing that has a big risk of not being successful like Bitcoin. I dont think he studied that much before investing in bitcoin, he just read some articles and random comments on the online forums wich is stupid. If he would have had enough experience(that means if he would research more as he said)than today his bitcoins would worth millions.

[shursight]

Exactly, and this is not only happening with bitcoin, a lot of people are always "bindly-investing" in this that they do not understand a shit.

It's his own fault, invest all in only in an investment and trust overly confident speculation. Furthermore, he don't bother research what he gonna invest at all. Also, looks like the story is outdated.

I heard about a lot of people who bought IOTA at $4,80, and now they are there,with a price per IOTA or less than $3,50 each.

You need to verify and take care of everything before investing, of course.

[vukthewolfy]

I don't feel sorry for these people in slightest. And I don't say I won't be tempted to do the same in that situation, I probably would do, cause FOMO is really really huge when you start researching crypto, and I am affected by it for 2 months str8. The point is, this is not a childish game, for most people, savings of money are nothing but a savings of hard work, sweat, tears, and blood.

For the most part, the crypto world is gambling till it reaches worldwide adoption, and that will happen for 10 years if everything goes well. Till then, this is just a gambling.

[Reid]

And it is still happened. A 10k dollar worth of crypto and more.

Soon it will not just be bitcoin at the top.
This crypto currencies have gone to heights where no one have predicted of.
They still think it is all a joke.
Well then, they have their own opinions and belief. Let them be.

[tatnM]

People can lose their savings if they panic at the slightest drop in price. In trade, the most important is psychology. We need to start with a small amount if everything goes well, then increase the investment!

[Cardan0]

People can lose their savings if they panic at the slightest drop in price. In trade, the most important is psychology. We need to start with a small amount if everything goes well, then increase the investment!

Oh definitely, bitcoin cannot ruin your life, only you can ruin your life. It takes certain character to hodl when you have lost 30% of your investment. In other words, if you can´t take the heat, don´t go into the oven.

[tententen]

The story of the compulsive gambler is a sad one.  Don't let that be you!

[VeteranCoin]

https://bitzamp.com/wp-content/uploads/2017/11/bitcoin-investing.jpg

For one to successfully navigate through the cryptocurrency space successfully he most be very well equipped to an extend about the danger of investing and trading the cryptocurrency market.But most traders out ignorance of how the financial world works will jump in without any sort of preparation or good financial advice from successful players in the industry. Cryptocurrency and other financial investment is a double edge sword and should be treated with causion.

Here we have a man(A redittor with username Myallmymoney) who is currently at his middle sixties who claims that investing in bitcoin jeopardized his life savings and know he has nothing to hold unto.

This Is His Story

Bitcoin destroyed my life.

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.

Continue Reading >>>>>>>https://bitzamp.com/bitcoin-destroyed-life-bitcoin-investor/

You don't go all in into anything. You should always have a Plan B and Plan C in action and ready to go.

[Cardan0]

I recently heard about a Korean teenager that killed himself after loosing all his saving to Bitcoin. How many time do we have to say: invest only what you can afford to loose. And that means what you are emotionally prepared to loose.

[9jaflick]

For one to successfully navigate through the cryptocurrency space successfully he most be very well equipped to an extend about the danger of investing and trading the cryptocurrency market.But most traders out ignorance of how the financial world works will jump in without any sort of preparation or good financial advice from successful players in the industry. Cryptocurrency and other financial investment is a double edge sword and should be treated with causion.

Here we have a man(A redittor with username Myallmymoney) who is currently at his middle sixties who claims that investing in bitcoin jeopardized his life savings and know he has nothing to hold unto.

This Is His Story

Bitcoin destroyed my life.

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.

Continue Reading >>>>>>>https://bitzamp.com/bitcoin-destroyed-life-bitcoin-investor/

if an correct this publication was made November 25, 2017. If the man I question actually invested when price was around 1k, he must have made a good profit by now already. During the time of his publication bitcoin was around $17-18k+
I don't understand why he's complaining of bitcoin ruin his life.

If you  are new to  Crypto please take time and do some research on your own. Don't take everything people from the forum tells you, some are base on hypes. Do your own research so you won't have anyone to blame.

[yishak]

Well that ur fault u cant balme it on bitcoin u should have invested more wisely and u shoould probably have known better to invest all of ur money u should atleast have some backup. like if it were me and if i had $1000 and if i wanted to invest i would probably have spent $750 first anf if things went south i would still have $250 left. so again i would chose to invest it. Hey thats just me. so for other people i would advise u not to invest all ur money at once have a little left as plan b

[anitaraymonds]

It is a pity that he did not have sound knowledge of cryptocurrency before delving into it with all his life savings. He just followed the crowd. But all hope is
 not lost all he can do now is just to hold as Bitcoin will still move up to his entry point and surpass it and he will be in profit. All he  needs now is patient.

[Cardan0]

It is a pity that he did not have sound knowledge of cryptocurrency before delving into it with all his life savings. He just followed the crowd. But all hope is
 not lost all he can do now is just to hold as Bitcoin will still move up to his entry point and surpass it and he will be in profit. All he  needs now is patient.

You have not lost until you sell, unless you have been trading on marging or buying futures. Your life will continue in any case, money is not everything.