For one to successfully navigate through the cryptocurrency space successfully he most be very well equipped to an extend about the danger of investing and trading the cryptocurrency market.But most traders out ignorance of how the financial world works will jump in without any sort of preparation or good financial advice from successful players in the industry. Cryptocurrency and other financial investment is a double edge sword and should be treated with causion.
Here we have a man(A redittor with username Myallmymoney) who is currently at his middle sixties who claims that investing in bitcoin jeopardized his life savings and know he has nothing to hold unto.
This Is His Story
Bitcoin destroyed my life.
I went all in at around $1000 with pretty much my whole life savings. I didnt know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.
Continue Reading >>>>>>>https://bitzamp.com/bitcoin-destroyed-life-bitcoin-investor/if an correct this publication was made November 25, 2017. If the man I question actually invested when price was around 1k, he must have made a good profit by now already. During the time of his publication bitcoin was around $17-18k+
I don't understand why he's complaining of bitcoin ruin his life.
If you are new to Crypto please take time and do some research on your own. Don't take everything people from the forum tells you, some are base on hypes. Do your own research so you won't have anyone to blame.