💸Must-Read for Beginners! My Blood and Tears History of Losing from 10k to 6k, a Cryptocurrency Pitfall Guide Crying While Organizing 😭
Family, who understands! When I first touched cryptocurrency, I thought I was the chosen one, but reality harshly taught me how to be a person 😢 I’ve coded these two painful experiences, not to discourage but to help everyone avoid pitfalls! Lessons learned with real money lost, promise me you’ll read through before jumping in okay——
✨Scenario 1: From 10k to 5k, 365 days of anxiety and insomnia
I invested 10k for the first time, and the next day I woke up to find it down to 5k! Staring blankly at the screen, I was still refreshing the market at three in the morning, the light from my phone making me anxious 💔
"Should I cut my losses? Losing half is too painful! Should I hold? What if it drops further?" After a month of indecision, I finally waited for it to rise to 9k, just as I was about to sell I feared I’d miss out, and after hesitating for a few more days it dropped back down 📉
In the end, after half a year of agony, the value fluctuated between 1k and 6k, from unwillingness to total acceptance, ultimately stopping losses at 6k and exiting... Now I understand: Recognizing losses early could have minimized them!
✨Scenario 2: Made 2k then got carried away, chasing highs and losing the principal
I learned to be “smart” the second time, invested 10k, waited a few months for it to rise to 12k and hurried to sell, thinking “I’ll buy back when it drops,” only for the price to skyrocket to 20k 😱
Watching others make money was more painful than my losses, in a fit of impulsiveness I dumped 20k to chase highs, and right after buying it plummeted back to 6k! Not only did I lose the 2k I earned, but I also lost 14k of my principal, regretting and slapping my thigh 💥
⚠️ Three Crucial Rules Every Beginner Must Remember
I used to think “If I lose, just hold on, it will come back eventually,” but the market doesn’t follow the script at all! What I really should understand is:
✅ Ask yourself before entering: Can I accept losing this money? (Don’t gamble with living expenses!)
✅ Don’t believe in “guaranteed profits,” assess how much risk you can bear before deciding how much to invest
✅ Don’t get carried away when it rises, don’t panic when it falls; greed and fear are the beginning of losses
💡Lastly, I want to say: Sharing experiences isn’t to scare everyone, but to let people know——any investment carries risks, cryptocurrency is even more volatile, so make sure to use “money you can afford to lose” to try it out! First learn to make peace with losses, then talk about making money～