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Short story: I lost $80k in crypto

Binance

Cryptocoins Exchanges / Binance 103 Views

I do know that there are a lot of people that lost their money in crypto they usually don't need to speak about it.

I will inform you my story.

I heard about bitcoin in 2012, when a pal asked me to take a position $10 in bitcoin, ofc I didn't make investments anything. Afterward, in 2016 I heard some buddies speaking about bitcoin and I started to do my own analysis about crypto / blockchain.

early 2017 - bought some ETH in 2017 for $5000 and bought all immedietly as a result of volatility that scaried me (profit around $400). It felt like enjoying in casino, shopping for at lower cost and selling at 5/10% larger.

later 2017 - I went back afterward 2017 when BTC was around 15okay, I bought 2 BTC for 30okay.

later 2018 - I invested $1k in Cardano on different trade, and I completely forgot about it. Because all of my cash have been on Binance.

later 2019 - Bought all my BTC , I lost round $10okay but I bought altcoins. $10okay in Tezos, remaining round $10okay on different altcoins like Harmony, Ankr, and so forth.

later 2020 - I invested one other $20okay in Tezos, Ankr and Harmony

early 2021 - I bought Ankr and Concord as a consequence of unfavorable news on twitter and I tought that's scam, and the worth didn't go up like other altcoins. I recovered all the money ande made some income, round 10%.

later 2021 - I checked all of my crypto accounts on all exchanges and I discovered around $18okay in profit in Cardano (bought at $1.20 every part), bought Tezos and different altcoins that I had, with round 15% in profit per complete.

10 of nov. 2021 - I used to be disenchanted by some means, long-waiting and I noticed principally nothing, I had expectations of 10x-15x in ROI. So, I noticed the development in that night time and I invested half of the money with 10x leverage long on Tezos on Binance Options when the worth went down from $6.4 to $5.8, I purchased at $6, without stop-loss, I just waited for a small pump back to $6.4, that never occurred. In couple of hours my place wanted further $$ to not be liquidated. I added further cash, and the whole lot felt protected for couple of days/weeks, but the worth went down like a rocket after that to three.8$. I misplaced all the cash in crypto.

december 2021 - feeling like the dumbest individual on the planet

finish

submitted by /u/gabimolocea1
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