Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?
Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...
I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.
I´m sorry about your losses. I don´t know if it helps, but try to think about it in this way:
BTC does not generate any value by itself. It is not money, neither it will ever be. It is not an alien technology either, it is just a token. A token, which was made for making its creators and early adaptors rich. I won´t explain it in full, the halving process alone does the job.
As BTC does not generate any value, its only value remains in its speculative potential. Potential of cashing in the USD. So whomever you had sold your coins to at today's price, would have become a bagholder instead of you. Risking with the same outcome as you had once when the music stops and the party ends. Friends of your... They do that precisely. They hand over the bag (if they are unaware) or they frankly scam (if they are aware) other people. Producing victims like you are. Later they would nod sadly and feel sorry, what kind of bad coincidence you had with cryptos. It´s not a coincidence. They have your money. Not namely them, but someone similar to them. Anyone aware, how BTC really works and still trading it, is a scammer. If you know, that the price of BTC is produced with another token (USDT) and people who buy in with their real money do not know that and you are OK to take their money, you are participating.
Finally, one general monetary rule: there is no "get quick rich" way that is viable and repeatable and that is not weighted with risk already. Crypto is a very risky and scammish way to "invest". I would rather call it gambling.