Post
Topic
Board Beginners & Help
Re: My deep regret and pain in crypto.
by
Hyphen(-)
on 10/06/2024, 14:28:39 UTC
So I started investing on one shit coin, when ever I receive my salary I divide it into two one for my up keep and the other for my investment, I did this for 4 years and I was so happy because I had faith it will grow as Bitcoin did, one day I checked my wallet and discovered the coin I was investing on for years has dropped I became so scared and sad I asked questions and did some research and discovered every coin fall sometimes and also rise wow that gave me a relief and hope so I continued my investment and same thing happened again I cried, so I stopped investing and started waiting for the day it will rise so I can take back My money and stop, I waited for a year plus and it came up a little, wow I became more hopeful and I decided to leave it a month later it dropped and never came up again till today that was how I lost all my money.
You keep waiting if you don't want to sell at a loss, but mind you, there is no guarantee about that, even though you didn't disclose the name of the coin you are making reference to for us to know and advise you on it. I am very sure that it is not completely safe.
All these money you have been using DCA to invest in altcoin in the past six years, if you have used them in Bitcoin investment, you would have made it by now, because BTC is always is the best to invest in and any other coins depend on its price movement in the market.


Quote
Then I made a vow never  to involve my self in any other cryptocurrency investment, this year I meet my old time friend that was involve in cryptocurrency investment we talk and along the line I told him my predicament in crypto he laughed and told me same thing happened to him years ago but then he said the only coin he now invest into is Bitcoin then I asked him since Bitcoin has grown this big will it still grow he said yes and that accumulating it little by little will be the best and before I know it I would have accumulated as may as I can.
So I just started reflecting on how much I have wasted investing on a shit coin and how far I would have gone if I was investing on Bitcoin for that number of years, I became so sad and full of regret.

but i have decided to live the past and start a new journey with Bitcoin this year and right now I have accumulated a little using the DCA method Bitcoin will keep growing so don't give up start a new journey today.
Investing in Bitcoin is the best crypto investment you will ever think of because of the security and how safe Bitcoin investment is especially if you keep your Bitcoin safe in your personal wallet you own and control and not in any centralized exchange.