[2018-08-20] After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors

[Rahar02]

Fooking pitiful reading here. After all this time and the relentless grind of 2014/15 I truly do not understand how these people didn't think the exact same thing could happen again, even more so when there was more empty shit than ever ready to relieve them of their money.

It happens due to the same logical reasons.
1. People find out bitcoin is a great decentralized technology that has the potential to grow up bigger over time, but the fact is they didn't know when it will fall.
2. Fear of missing the opportunity to gain profits and fear of missing out really play the role,
3. Average joe didn't know what will come at the peak, just invest in order to get profits which turn out the opposite.
4. Taking a loan to enter the market make it even worse for them.

[1715590127]

1715590127

[Yurkov]

If people lost all of the money and properties they have in bitcoin then it's clearly their huge mistake. But if they lost just a partial amount that it's not that of a big deal then they are close on making their journey here to success. A small mistake is part of being successful but if you guys sold your houses then that's really a huge mistake.

That is why the best and biggest knowledge could be taken from our mistakes, we couldn't be the best and perfect in something if we won't do anything bad or we decide to make a wrong move, that is connected to achieve success on this market.