I went bankrupt when I joined in cryptocurrency

[bobo012]

Same as always, you dont invest anything that you cant afford to lose. If you stick to that you will be fine. It is universal for any investment field.
Good money management is the key.

[carlisle1]

~snip~

What is your opinion of this story?

My opinion?The author is STUPID AND GREED thats why he has experiencing that trouble,imagine he was new in crypto and then believes that the price will reached $50,000?isnt it greediness?

Tell the man tl just continue to hold the bitcoin and forget about selling because the value might drop but the volume remains

[oppasong]

If you are in the crypto world, what you are looking for is profit, but in reality, but the sustenance has not been in your favor, what is needed now is patience to see the market happen, my advice is to stay motivated and do not give up because the effort will not betray the results.

[Crypto Girl]

Reading the story made me think that OP was been a FOMO last year like just because he and his friends heard how bitcoin price become tremendous so they decided to jump in without even knowing what is all bitcoin about, how risky and how volatile it is. So here he is, narrating what happened with full of regrets on how he easily loss.

Just to make this short, newbies always thought that crypto currency can get them in a real quick money, well yes it might be but it can also give you a 100% loss over night. We're all in the situation that test our tolerance on how we can react in every dip and most likely we're on a do or die.

[Olayinka225]

I guess this happen because one might not have the depth insight about cryptocurrency and it's trading. I must say cryptocurrency is so much volatile, one can't just think that many people are investing heavily into cryptocurrency, I also must invest...no no that's a wrong move. One must have been educated and have a little knowledge about cryptocurrency and it's trading and most importantly the risk involved in crypto trading.

[samcrypto]

Same as always, you dont invest anything that you cant afford to lose. If you stick to that you will be fine. It is universal for any investment field.
Good money management is the key.

Greedy people will always end broke because of that kind of action. We should learn more about investing and how it id done well. If you cannot affor to invest then save money for it instead of sacrificing things. Thie market is profitable but you still have to do the right things.

[Myown55]

Hmmmmm! What a terrible story. WIth my little experience in cryptocurrencies, I have learnt that before you invest in any altcoin, you need to understand read the whitepaper, understand the projects and gain enough ground before you invest a single cent in it. Even at that that, try not to invest an amount you cannot afford to lose.

[Cryptuenza]

Last time I often heard stories like TS told. It's sad but smart people would not start something like that before they are sure that they CAN do it, and lernt all advantages and disadvantages and understood how risky it is!

[mensahkkofie]

You need some level of smartness and  confidence to succeed in the world of Cryptocurrency. Over the  time, most of the successful stories that I have read on this forum is about the making of bold but smart decisions when you want to venture into any episode or project of your life. The same applies to the world of crypto.

[Indrawan77]

Well its so sad to hear somebody become bankrupt because of crypto, but the person already knew that it was a dangerous investment, unfortunately he didn't learn the crypto and the market before investing, so it was lack of knowledge and maybe the greed that put him in this place, and all of us must aware that only invest what you able to lost, and let this story become the lesson for everyone of us

[mostkey]

This is a test for everyone, don't be too obsessed with getting rich quickly and easily, lack of knowledge and good patience are demanded now, you have to listen to the advice of others from this forum not to see noobs talking because they just hone, very dislike like them who speaks arbitrarily, but that has happened for you, so if there is a desire to return to wake up with all the calculations not happening for some people, hold and do not sell them at a low price because the value will return at the beginning, need patience on a trip like this .

[Cryptotissue]

The common mistakes people new to cryptocurrency often do is not researching or studying and understand how the crypto world operates. Cryptocurrency investment is not like any kind of investment, the market price of a particular coin is mostly determined by the price at which people having the coin are willing to sell it. People need to get this aspect of cryptocurrency before having plans to invest. Cryptocurrency is not for the agreed minded.

[jonathan6655321]

First, this is not my story, this is a story that a couple, their happiness may be shattered when the husband invests in cryptocurrency and now he is in danger of losing all the money he has invested. And this is the whole story told by the husband
  "In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.

   And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.

   And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."

And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.

What is your opinion of this story?

Sorry to hear that. Don't invest in something you can't afford to lose

[G4t1s]

First, this is not my story, this is a story that a couple, their happiness may be shattered when the husband invests in cryptocurrency and now he is in danger of losing all the money he has invested. And this is the whole story told by the husband
  "In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.

   And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.

   And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."

And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.

What is your opinion of this story?

Bad copy & paste from russian thread

[orarider]

I think you have invested in electronic money at the wrong time. You bought the coins at too high a rate. So you have failed. This is a great lesson for investors. Choose the right time to buy and sell electronic money.

[mickeybuddy27]

Same as always, you dont invest anything that you cant afford to lose. If you stick to that you will be fine. It is universal for any investment field.
Good money management is the key.

Predicting for the price that much  it might have in the future to risk all the money you have is not a good decision especially when you just new in the field and do not know really how it works, but greediness makes someone to forget about it and only believe on his instincts.
We have to study the market first before deciding when to put investment on it and only put what is afford to lose. Also do not put all the eggs in one basket.

[gesdan]

we should know about the risk if we join with the bitcoin and other cryptocurrencies, there are many possibilities that makes a profit but there is a big risk in the high profit, so if you want to try to trading or investing in bitcoin just use the little of your money, don't put all of your money on bitcoin

[hildacitra]

And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.

What is your opinion of this story?

Every one is free to have a dream become a millionaire through Crypto currrency, this is a new trend of digital investment and it has rules as gold and silver investment. If you think that it is as dangerous investment, in fact that there are many Crypro investor get what they expect. The matter is most of they who got failure don't know and comprehend Crypto and they even regardless the strategy investing in Crypto. They can't control the emotion, the main focus is only the profit, while maintaining the assets and minimize the lose is more important.

[Timothy Taylor]

What a pity ! I think you had not been lucky when investing in Bitcoin. I mean, you had missed the chance from raising price Bitcoin at the end of 2017. Anyway, I just advice you should take up everything again and move to a different major apart from cryptocurrency. Good luck for you.

[Nanda Dewi277]

What a pity ! I think you had not been lucky when investing in Bitcoin. I mean, you had missed the chance from raising price Bitcoin at the end of 2017. Anyway, I just advice you should take up everything again and move to a different major apart from cryptocurrency. Good luck for you.

if you experience a loss in cryptocurrency, surely you act stupid. must be careful investing in cryptocurrency. those who are successful in cryptocurrency are always on the lookout and are overwhelming looking for information on price movements in the market, if you know the low value, immediately buy a good coin