A story was shared online about a young punk that thinks that investing in cryptocurrency is easy.
Here is the story:
I am 22 this year, I started trading cryptocurrency and stocks recently and made a windfall of about $8000, I only started with $500 and it only took me less than 1 month to earn this amount.
That made me feel that many people said that trading is difficult is not true.
I got confident and threw the $8000 I made back into trading and $2000 dollars more into my trader account. I let greed too over logic and I lost almost all of it within a week. I kind of regret what has happened but I think there is no such thing as 100% bad, as I will learn something from this lesson.
All in all, I only lost $2,500 of my own money. It still pains me to lose that $8,000 profit.
What was worse is I told my friend’s how easy it was and two of them also ended up with the same as me losing most of what I put in. This is what I feel the worst about.
But still not my problem, I shared their choice to put money in.