This guy says crypto ruined his life but he spent it on a high risk lifestyle

[xvids]

He said he bought $60k worth of crypto at the all time high and spent it on expensive items and some questionable things if you read it on his reddit post below.
https://www.reddit.com/comments/amctmr

I dont know if I believe him but I can see it happening when the hype was there back in december 2017.
Crypto can be addictive and can buy things more easier then if it were real money because of its high volatility.

Excerpt from the post
"I got into cryptocurrency Jan 2017 with about $60k (invest over the period of Jan-March). By December I had over $1.6MM, while having pulled out 400k in '17 and another 300k in '18. Basically, after paying/setting aside for taxes and the crash, I had about 480k and 150k left in crypto, as well as having recouped my initial investment.

So, what does a 27 year old guy do, you might ask? I spent March '18 to August '18 traveling the world and blowing cash like a mad man. I didn't buy many material things (besides some clothes, random shit around the house that I needed, etc.), I spent it all on experiences. Traveled to over 25 countries, stayed in nice hotels, ate at the worlds finest restaurants (literally)... and... got addicted to hookers.

So I've had sex with maybe over 100 escorts. High class ones, famous porn stars, and one street walker who caught me off guard at a bar while I was hammered. I've made over 15 pornos (two with VERY famous porn stars), maybe spending a total of 140k on hookers in '18. It was AMAZING, and I basically have the best jerk off material I could ever get my hands on for life." etc

I am wondering if you would be so careless if you spent $60k and ended up with $1.66 million after cashing out?
I would think most level headed people would use it and invest it instead so it makes you more and doesnt run out like it did for him.
This would be more or less the most common sense thing to do for most people.
Wouldnt you agree?

I think I would only cash out what I needed at that time and invest the remaining money into other crypto,
I would definitely buy a house and a car for sure and I would open up a business to have some back up even if I leave the crypto behind.

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[kurian]

First of all I would cash out my initial investment. Then cash out half of the profit to divide and invest that fund in different investments. Mostly non- crypto investment platforms. Such as bonds, stocks or properties. From the other half of the profit, I would spend 15% for my personal uses and the rest would be re invested in different altcoins and tokens. Squandering all the funds without financial planning was a stupid move by that guy anyway.

[veleten]

well at least he has the best jerk off material for the rest of his life 
to say crypto ruined his life is like saying "oh money ruined my life"
which is total bullshit , because it is YOU who ruin your life and to blame crypto for your own life choices is ridiculous
you can see that this guy despite being 27 year old is not ... mature enough to handle some sudden wealth
money come and go but he managed to not only waste his chances at a decent life (buying a house, investing and reinvesting ,etc. )
but also to regret his decisions and say that his life is ruined now , I wonder how if he paid his debts and such
anyways, now his thread is deleted and we won't know

[rdbase]

First of all I would cash out my initial investment. Then cash out half of the profit to divide and invest that fund in different investments. Mostly non- crypto investment platforms. Such as bonds, stocks or properties. From the other half of the profit, I would spend 15% for my personal uses and the rest would be re invested in different altcoins and tokens. Squandering all the funds without financial planning was a stupid move by that guy anyway.

This is what I would have done but I believe the seven immortal sins got the better of him and his judgement before getting to this point in his life.

-snip-, now his thread is deleted and we won't know

Didnt know he deleted his reddit thread.

[1BTC EQUALS 1CAR]

You know what, I would do the same. Except that part where OP did not care to save some for the next years and did not think about the future. It's not bad to treat yourself when you made a lot of money but do not also forget to help others and give back to the needy so you will be blessed again.

[veleten]

First of all I would cash out my initial investment. Then cash out half of the profit to divide and invest that fund in different investments. Mostly non- crypto investment platforms. Such as bonds, stocks or properties. From the other half of the profit, I would spend 15% for my personal uses and the rest would be re invested in different altcoins and tokens. Squandering all the funds without financial planning was a stupid move by that guy anyway.

This is what I would have done but I believe the seven immortal sins got the better of him and his judgement before getting to this point in his life.

-snip-, now his thread is deleted and we won't know

Didnt know he deleted his reddit thread.

its either him or mods
probably the story is a lie anyways , sounds like some porn fantasies of a 15 year old
a 27 year old would never be that dumb to blow 1.5 millions on hookers and travels , probably
in any case blaming cryptocurrencies for this is like blaming knives for killing people
it was his choice and if he won a lottery would have been the same result

[ASHLIUSZ]

This is common mentality of people, they do mistakes and indicate the one next to them as the reason for the loss. Same has happend with the user here, out of excitement on seeing a huge fund in the wallet has spend all the funds unwanted and now indicating bitcoin as the one ruining his life is truly senseless.

[MFahad]

He said he bought $60k worth of crypto at the all time high and spent it on expensive items and some questionable things if you read it on his reddit post below.
https://www.reddit.com/comments/amctmr

I dont know if I believe him but I can see it happening when the hype was there back in december 2017.
Crypto can be addictive and can buy things more easier then if it were real money because of its high volatility.

Excerpt from the post
"I got into cryptocurrency Jan 2017 with about $60k (invest over the period of Jan-March). By December I had over $1.6MM, while having pulled out 400k in '17 and another 300k in '18. Basically, after paying/setting aside for taxes and the crash, I had about 480k and 150k left in crypto, as well as having recouped my initial investment.

So, what does a 27 year old guy do, you might ask? I spent March '18 to August '18 traveling the world and blowing cash like a mad man. I didn't buy many material things (besides some clothes, random shit around the house that I needed, etc.), I spent it all on experiences. Traveled to over 25 countries, stayed in nice hotels, ate at the worlds finest restaurants (literally)... and... got addicted to hookers.

So I've had sex with maybe over 100 escorts. High class ones, famous porn stars, and one street walker who caught me off guard at a bar while I was hammered. I've made over 15 pornos (two with VERY famous porn stars), maybe spending a total of 140k on hookers in '18. It was AMAZING, and I basically have the best jerk off material I could ever get my hands on for life." etc

I am wondering if you would be so careless if you spent $60k and ended up with $1.66 million after cashing out?
I would think most level headed people would use it and invest it instead so it makes you more and doesnt run out like it did for him.
This would be more or less the most common sense thing to do for most people.
Wouldnt you agree?

In his story, his life ruined not for crypto, his life ruined by his own mistakes. If you read it then simply you feel it he is not suitable man who rewarded but crypto make his future and he wasted his money in useless lifestyle and in the end his hands are empty and now he is crying that it is crypto fault .

[Juggy777]

This is common mentality of people, they do mistakes and indicate the one next to them as the reason for the loss. Same has happend with the user here, out of excitement on seeing a huge fund in the wallet has spend all the funds unwanted and now indicating bitcoin as the one ruining his life is truly senseless.

I think many people here didn’t realise but this was a made up story, first of all it’s on the platform called Reddit where many people write stuff to gain more upvotes to rank up. This was a typical post which was sure to receive many upvotes due to sympathy, if you read it closely you’ll see it’s completely made up. However to answer the question crypto doesn’t ruin anyone’s life, one’s life is ruined by the decisions taken by the person himself.

[A L I E N]

You know what, I would do the same. Except that part where OP did not care to save some for the next years and did not think about the future. It's not bad to treat yourself when you made a lot of money but do not also forget to help others and give back to the needy so you will be blessed again.

As I do remember, there is a saying that states: those guys, who do not risk, never drink champagne. It is worse to have a passive life without risk. Finally, you will become a boring loser.

[Ailmand]

This is common mentality of people, they do mistakes and indicate the one next to them as the reason for the loss. Same has happend with the user here, out of excitement on seeing a huge fund in the wallet has spend all the funds unwanted and now indicating bitcoin as the one ruining his life is truly senseless.

I think many people here didn’t realise but this was a made up story, first of all it’s on the platform called Reddit where many people write stuff to gain more upvotes to rank up. This was a typical post which was sure to receive many upvotes due to sympathy, if you read it closely you’ll see it’s completely made up. However to answer the question crypto doesn’t ruin anyone’s life, one’s life is ruined by the decisions taken by the person himself.

It is true we shouldn't blame anyone or anything because it was our choice at the first place,We are the one who control our life we made decisions for ourself so you couldn't blame anyone or anythig for the outcome.
And about the story at least he enjoyed his money and totally agree that it is just a made up story.
Anyone who manage to gain a huge profit from crypto would invest some of their profit back to gain more.

[Eildosa]

Of course, it was more reasonable to invest this money in something useful. It is possible to open a business, so that the money continued to increase. But on the other hand, it can also be understood. He fulfilled his dream and is now satisfied with it.

[shoreno]

You know what, I would do the same. Except that part where OP did not care to save some for the next years and did not think about the future. It's not bad to treat yourself when you made a lot of money but do not also forget to help others and give back to the needy so you will be blessed again.

As I do remember, there is a saying that states: those guys, who do not risk, never drink champagne. It is worse to have a passive life without risk. Finally, you will become a boring loser.

Im a risk taker but i dont ever try to drink champagne because im not a regular drinker but anyway  you will not become a boring looser just because you are living your life in a passive way  .   nothing wrong living passively as long as you are doing good for your self and to the people around you  .

[Mrsparks]

Whoever made this error seriously need a life coach.. Life is too fragile to be ridden like a mad cow. If he had diversify his portfolios and made some investment elsewhere asides from crypto he could still be leaving the life he wished for even in this dip phase of the crypto market

[alfiec]

most people held all their crypto in 2018 and went down to near nothing.At least he enjoyed himself.

[MakeMoneyBtc]

This is definitely not the best way he could have spent that money but at least let's just be happy for him that he actually spent in on having fun and living his life at the fullest. There are people with crazier stories who's spent millions of dollars on gambling or investing and lost all of it so this guy is somewhat better than them.