Bitcoin Destroyed my life-bitcoin Investor

Bitcoin Destroyed my life-bitcoin Investor

Bitcoin Crypto Gossip.
November 25, 2017 by Bitzamp
1739
Bitcoin Destroyed my life-bitcoin Investor For one to successfully navigate through the cryptocurrency space successfully he most be very well equipped to an extend about the danger of investing and trading the cryptocurrency market.But most traders out ignorance of how the financial world works will jump in without any sort of preparation or good financial
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Bitcoin Destroyed my life-bitcoin Investor


For one to successfully navigate through the cryptocurrency space successfully he most be very well equipped to an extend about the danger of investing and trading the cryptocurrency market.But most traders out ignorance of how the financial world works will jump in without any sort of preparation or good financial advice from successful players in the industry. Cryptocurrency and other financial investment is a double edge sword and should be treated with causion.

Here we have a man(A redittor with username Myallmymoney) who is currently at his middle sixties who claims that investing in bitcoin jeopardized his life savings and know he has nothing to hold unto.

This Is His Story

Bitcoin destroyed my life.

I went all in at around $1000 with pretty much my whole life savings. I didn’t know much about Bitcoin and just like you i started reading here. Every day i read about how it was guaranteed to go to the moon and all these people getting rich overnight.
I asked many people if i still should get in at 1000 and got the same answer from everyone: 1000 is cheap. We will be at 10k soon.
I bought around 85k in coins. This was what i saved for nearly 30 years through hard work and was to go to my retirement.
Well everyone can imagine how well that went. Worst of all i still didn’t sell because again everyone was saying this is just a small correction so i was afraid to sell. I expected the price to go up again. 900, 700, 500, 350.
My life has completely changed. I’m 64 now, near retirement and lost most of my money i worked my whole life for. I’m soon forced to sell at these low prices or i will lose my house. I won’t bother you with the rest. Believe me, it’s not pretty.
I’m also not here for pity. I only blame myself. Just wanted to show a different kind of story “thanks” to this sub reddit.


Cryptocurrencies have mdae a lot of people millionaires and billionairs within a short period of time and has equally bankrupt some people…….Just know that it is a double edge sword. if he had invested for the long time he would have been worth over half a million dollar as of today.

What is your favorite investment strategy? Comment below.


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