I am a silent follower of this forum and following so many topics though I don't understand much of terminology tat people use here... One thing I clearly understood is this is the quickest way to make few bucks... And this lustness landed me in a big trouble...
Though not having huge money to invest .. I bought 1 Eth at nearly 57k INR (Indian rupees) on 25th dec ... i.e nearly 900 USdollar...therafter when I see it going up and up i see myself as some small kind of businesses man inside me making smart moves... And started giving lectures to friends around me about crypto and all.. who again having nill knowledge...
To make more quick bucks.. I borrowed money from friend 1 million INR i.e nearly 1600us dollar... And brought Eth at 67k INR and today morning 07:00 am ist when I see a sudden surge in Eth stock rise and i sold all.my stock at 70k... I was so happy tat I made some bucks out of it.. even after I sold my crypto.. the Eth price went up and up... And I was like holding my head... Wt..f I just did... I was waiting for it to up dip to buy again...but It going and going... It was like heart attack for me.. till here atleast I wasn't lost moneey..
Then in a moment a panic.. I thought Eth definitely will hit 1 lak INr and I purchased at 88k INR... Tat was it peak moment... Therafter it came a freefall... And plunged to 70k INR... and now hanging at the same ... Just in matter of 5 minutes... I lost so much... I just didn't digest this.. just in a moment of madness I lost almost my 6-7 months of savings... Tat too borrowed money...
Adding mysery.. my frn asking his money back with interest.. I just bought some time from him.. tat I will sell my crypto and give his money back...
Guys plz suggest some crypto tat I can make some quick bucks and leave this area for ever... Today was a big lesson for me...
You're in luck, Ethereum is going up, you'll be in the green in no time, if you're not there already.
Hope you've learned the lesson, if you wanna gamble the markets be sure you can lose all the money you put in, plus learn to control your emotions, you panic bought, never panic buy!
Good luck.