Post
Topic
Board Beginners & Help
Merits 11 from 2 users
Re: Share your costly lesson about cryptocurrency..
by
igehhh
on 04/02/2022, 21:18:19 UTC
⭐ Merited by DdmrDdmr (6) ,ChiNgadOr (5)
In 2017 I had almost 1.5BTC and I hadn't sold even Bitcoin was around $19K above. So we know the Bitcoin dump story. Since Bitcoin was dumped too much I wondered to increase portfolio by trading or holding alts.
~snip~
What is your costly lesson?

My bitcoin journey began in early 2016, when I first encountered Bitcoin at a price of $600-$700. To cut a long story short, I purchased 0.05 Bitcoin at the time, invested it in a Russian Ponzi scheme MMM, and made a few profits before raising it to 0.1 Bitcoin ( the highest Bitcoin I ever had) I was doing okay with MMM, getting 30% after 15 days, until I saw another Ponzi scheme offering 100% returns in 10 days. I immediately withdrew my coins from MMM and invested in the other Ponzi scheme, which increased the bitcoin to 0.4 after a few weeks, but I couldn't withdraw until the site went offline. My 0.1 bitcoin was stolen.

I returned in 2017 after learning about trading from a colleague, bought another bitcoin (I don't remember how much it cost at the time, but it was around $1k at the time), signed up on HITBTC, bought a few coins, and they all went down like a collapsed building seconds later, I left it thinking they would gain value one day, but all I get is a daily delisting message from HITBTC in my mail, and the four shitcoins were delisted.