I am at Cross roads...

[Anfield-Legend]

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...

[magiccarpett]

so first of all for profit making in crypto u need to be patient. this is really important. if u are a newbie don't trap in short term profits. these guys have a lot of experience.

u go only with long term.

second, dont invest money you don't have.

now my recommendation for u is, listen to my 2 points above.

so, don't look for a new coin.

read and gain experience in this forum. after that your rank will be leveled up. then u participate in bounty campaign and have patience. u will earn money without investing. after that u can pay back your friend and start investing.

 

[siddartha1492]

If you will invest in cryptocoins like gambling then you will always lose. You need patience to get profits. You chose a good coin that is ETH for investment but you should know that prices go up and down. If you can wait for more time, you might see ETH going up again. You might be able to make more money by buying some other coins with ETH, but nothing here is guaranteed. Prices flip in an instant. So you might end up losing more money. The best thing is to wait till ETH prices rise again which could take some weeks or even some months. But if your friend wants money then just give him back. You have no other choices. 

[pikatju]

Welcome to the world of crypto! It's all about the volatility.
You didnt follow rule number 1: Don't invest money, you cannot afford to lose. The whole market can come crumbling down tomorrow and billions will be lost. This is still the wild wild west and pure gambling.
Learn from your mistake and move on. Take your loss, pay your friend back and when you have free capital buy at the dip.

[Anfield-Legend]

[pedrog]

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.

[won99]

Be patient please guys. If we decide to join in cryptocurrency, we must be patient for waiting in many times. Joining in cryptocurrency like learn the subject matter in school. We must be dilligent to read the thread, dilligent to read the spot market, and always dilligent to follow discussion by expert in cryptocurrency

[Oumal]

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...

It's very dangerous to trade like that. You need to have a large amount of funds for such a trade, otherwise you can very quickly lose everything. Whales just so traded. Try to build a trade in the long run.
Must be money that you can lose and not regret it.

[buhna]

  Easy money is knocked down. Especially if before they were not in abundance. Numerous examples of how dramatically rich people have lost control over the mind. Probably, this is the most important thing - to understand that not everything depends on you, but what depends - comes with experience. In addition, any new sphere (especially the exchange) is an increased risk. Here we must evaluate our own stress-resistance. And, of course, rely only on yourself, your personal funds, not substituting family, friends, colleagues. And generally speaking less about what is still unknown how to go further.

[coolcountry]

You are forgetting the golden rule: You never invest with borrowed money. This is incredibly dangerous and, sorry for being blunt but it's stupid as well. The cryptocurrency market is very volatile and prices swing like crazy, so you never know what will happen to your investment. Only invest the amount which wouldn't hurt you financially even if you lost all of it.

[GeorgeEden]

Patience and knowledge are gold believe me. Theres nothing to worry tjo you should keep learning about crypto xuz its the future. I also lost 2k in the first months but then i learned. Join some bounty campains.