I went bankrupt when I joined in cryptocurrency

[colvis]

It simply demonstrate have risky exchanging altcoins can be, if that individual got into bitcoins in the beginning of 2017, and simply clutch his bitcoins he would have been up with 5 or 6x at the present time, on the off chance that he got into bitcoins in August 2017 he would have been up with a 2 or 3 x, I can't generally observe when he purchased bitcoins, yet everybody who got into bitcoins over a year prior are in pleasant benefit zone. Purchasing and offering altcoins can be extremely perilous, I'm 80 or 90% into bitcoins and simply hold a predetermined number of altcoins.

[udidrone]

First before trading we should know that there are risks involved and that we must bear in mind,most rimes even when we think we are doing it right it still goes wrong profits making in crypto is unpredictable.There should be more experienced before trading

Some people only think short before trading, sad fact but it is true. That can make bad habit for bitcoin because unexperienced people will blame bitcoin itseld than learn their mistake. And others will know bitcoin is bad.

[bayu7adi]

You should understand the risks first, if bitcoin is profitable, surely everyone will sell all their houses and buy BTC and do HODL for 1 month
if everyone does this, then who works? Who sells at the supermarket? who wants to be a doctor? if by playing BTC alone someone can get rich
now you have to get up, and forget the past. make your experience in Bitcoin a trigger for your awakening

[kotajikikox]

News have a bad and good effect,  the bad news is the fake news creating by person want to people panic, the good news is creating to the people to make convince and remive stress.

Simple as need to learn here their mistakes do not relay your future to news or the someone always study well every step for to decdes,sorry for the loses but if the coins is in there's hand hold it because have an a right to retuern again their loses if the price of bitcoin jump again.

[mattujusuruga]

Yes i know what they feel, i think this is their mistake because you join in crypto only for profits and join in crypto when the price so high, and they are so panic with situation. By the way they can not bankrupt if they patience. They can still gain profits if wait it maybe 2 or 3 years. Crypto not make rich fast but if we patience can make us rich. Just sugges, dont think crypto is profits, but think crypto is long term investment for bestter future

[Eadefemi]

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?

Your  story is quite one to tell!!! Honestly you have learnt a lesson that some enthusiasts are yet to learn and you learnt it within a very short time too.

This only further proves the volatility of the cryptosphere.... Fortunes are made and lost overnight... But one must not give up. It's a game and getting burnt is all a part of this game!

[Huntler1993]

Meaning all wasn't right with some decisions but hope you and your colleagues are not giving up soon. Trust me there are better days ahead which you could take advantage of  refrain some of the incurred loses.

[Flor1982]

Experience like this is what i have always used to defend some people who are now easy to panic if they will sell their cryptos every time the market will fall. I will always told those bully guys that it easy for you to criticize the panic people if you did not try to lose huge amount because of holding but for your story we should learn from this mistakes that we should always take care of every decision to make that we should know that investing in Crypto currency is very risky because the price is really unpredictable.

[Ronaldcoin2017]

Experience like this is what i have always used to defend some people who are now easy to panic if they will sell their cryptos every time the market will fall. I will always told those bully guys that it easy for you to criticize the panic people if you did not try to lose huge amount because of holding but for your story we should learn from this mistakes that we should always take care of every decision to make that we should know that investing in Crypto currency is very risky because the price is really unpredictable.

Everyone has its own feild, and if you are not lucky on crypto feild maybe there are some other feild for you. So I suggest to find another ways to earn. I believe that crypto is profitable but sometimes it will also spend on your luck. And if you are not lucky and get bankcrupt on this feild you are free to go and have another ways for good.

[libert19]

People seems to ignore the basic advise when they enter cryptocurrency world, "only invest what you can afford to lose". This will keep you sane.

Regarding news about Bitcoin touching $50k, don't be a sheep. Use your own diligence.

[Barcode_]

After reading the story OP posted, it is mostly due to the greed that resulted the person mentioned in the story to lose so much of his money with his investment into crypto-currencies, I think he should really try to stop arguing with his wife and start to communicate more with her, as people who suffered from depression would usually requires a lot of support and care from their family members for them to recover from it.

[leoric251]

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?

He is bad for investing without proper research. Also "invest what you can afford to lose" always remember that. 2017 also was the year of bullrun why would you invest in it when its already high, invest when it is in its lows, So that you can take profits. This is purely greed by the husband.

[Haxor321]

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?

I think the main reason why he end up being bankrupt when joining cryptocurrency is that he lacks some knowledge about it. The cryptocurrency business like trading, investing and gambling is a very risky thing to go into. If you don't have the knowledge about it, you will end up losing all of your funds. And one thing is that make sure to be aware of what circumstances that may occur in your crypto life when you starts to join in.

[pltgksl]

I am sorry for you. But before you invest in this market, you should definitely know that you need to do research. I hope this is a good experience for you and you will be able to compensate for your damages.

[jayveerastrullo]

Feels bad man for this story. But don't worry this is not the end of crypto, bitcoin will go 20k one more time and make it sure if that happen sell everything.

[Nairazdenek]

The person in the story said himself that crypto is a new field, what did he expect? It's obvious that there will be higher risks and you need to study thoroughly, anyway don't get depressed, the situation still might change, hope his family will be ok

[Aldrinx00]

He's knowledge is not sufficient that's why he lose all of his investment. In the story he doesn't research or study anything how cryptocurrency works, he relies only in news that people become millionaire in crypto. It is true that some people become millionaire but the question is how they do it? He trades without any knowledge about trading i think it's his fault.

[clair508]

The only advice I can give to you is don't put your every eggs on one basket,and don't invest everything o cryptos.If you have more money divide them invest only you can hold the lost if anything happens.Like 25%. Invest another 25% on lands.They make little income but the land prizes getting high day by day.May be you can sell that land 2X+ within next 10 years.Crypto is good but not too good.Risk is always attracted anything that give high profits. I highly recommend you to read these THE BILLION DOLLAR(book),BILL GATES WAY (book),rich dad poor dad(book)
Learn from your mistakes.Success will be yours

[rhendra]

momentum is everything.. not all investor would have a happy ending and colorfull story, espescially for those who had missed the momentum. just make sure we only use our idle money to put in to this kind of investment.

[maskeffec]

When you come to Crypto investment there is no guarantee that you will benefit in a short span of time. That is why many people in Porum remind you that you only invest the money you can afford to release, because the risk of investing in crypto is very high and this will only create depression and frustration in the part of your investment that will be lost.