Quote from: avikz on August 06, 2019, 04:29:51 AM

Dear Mr. Akbar,

I am sorry to hear about your losses! I'm sure you had entered to the crypto market at a wrong time like many of my colleagues did. I have seen people buying bitcoins like crazy using their credit card back in 2017 when the price had almost reached the peak. These same group of people laughed at me when I first introduced bitcoin to them. They just couldn't digest the idea that a currency system can live within the internet with no controlling authority! Majority of them are still paying their credit card bills with 48% annual interest! Are they shocked, yes!

Now when the entire 2018 presented them an opportunity to recover their losses, they didn't realize it! They again laughed at me because I continued HODLING. Some of them even sold off their bitcoins when the price reached 3k USD because they couldn't face anymore losses and wanted to recover whatever is left! They didn't understand the opportunity and pledged not to go back to the bitcoin market because of their past experiences. I am sure they are shocked once again!

The above is one real example of closed minds and pessimism. I am sure your case may be different from theirs but it is evident that your experience was not great with bitcoin market. I will pray for you because that's the best I can do for you! We often don't realize when the opportunity is thrown in front of us because of our own mindset. Often we throw ourselves in to the advice of the self proclaimed investment gurus. The baddest part is that we don't listen to ourselves, we don't research or we don't keep an open mind!

I am sure that I would not make a lot of sense to you today! But it's my real experience from the crypto market. Patience and an open mind to learn from mistakes, are the key to survive. I wish you all the best!

Regards,
Avikz
An avid Bitcoin lover

Avikz,

Thanks for taking the time to write out such a well considered response! Your words mean a lot to me.

I try to share my 2 cents with friends and family who are considering crypto. My general advice is to simply buy Bitcoin, unless it's been going vertically. Usually it serves them well, but I learned long ago not to give specific trading advice to people who don't understand how to use it...

Wishing you well also,
Mr. Akbar