Post
Topic
Board Altcoin Discussion
Re: About to give up on Cryptocurrency? Read this before you do
by
mostkey
on 22/09/2018, 20:03:57 UTC
As a young graduate, surviving was the next thing on my mind. I ventured into some entrepreneurial business and was able to raise a good sum of money. I went searching for what I could invest my money into, and I was introduced to cryptocurrency. Unfortunately, I did no research and was a victim of twitter shills and call groups. I would rush and buy whatever coins anyone shilled. Little did I know I was only helping the ‘whales’ make more money. If I can remember correctly, I have over 150 cryptocurrency spread across many cryptocurrency exchanges, and right now, I am almost 97% down in my portfolio.

I had given up. Lost all hope, told myself I would start all over again. I was in despair at how I squandered my first savings. Then a friend told me I could trade my coins to make some profit in order to recuperate my loss.

TRADING?
Terrible Idea. I had no experience whatsoever, I just jumped on the wagon. And to say I lost almost half of my savings is not an understatement. Trading for me was even worse. I almost went nuts. I wouldn't sleep because I was trying to get in a good position. Eventually I would sell at a loss, because of the fear of loosing it all. Lets just say, it wasnt meant for me. Then I gave up on that too.

BOUNTIES?
Yes, i tried that too. To be honest, I made some money out of this. I am young and some people think I am intelligent 🤓. I would write articles for ico startups and get paid at the end of the ICO. But like every other thing, the space got saturated, many ICOs exit scamming, while others started cheating bounty hunters. My efforts were no longer getting rewarded.

BUT I NEVER GAVE UP......
After all this, I still did not give up on cryptocurrency. Wondering why? I never gave up because I believe strongly that cryptocurrency is the future. Having had the exposure to read through most of these startups whitepapers, I believe that If they only got a chance to actually put to test their ideas, then the world would come to appreciate cryptocurrency as a whole. Till then, I am keeping my fingers crossed and keeping the hope alive.

What about you, in this crypto winter, what are you up to? What is your expectations at the end of it all? Are you in it for money or for the technology? Share your ideas and maybe I could learn from you.
Truly patience is highly tested in the current trend, maybe you are too hasty to invest and hope that something good you will get, not that easy with a market that is unpredictable, all your mistakes are not market mistakes, campaign the gift of the many scams they use investors to get money, maybe if you are good at analyzing something that is not desirable it will not be felt again, I do not really believe in ICOs and I tend to survive in market conditions like this by taking profits in small bumps or investing for the long term.