Superpack589:
I can't do this anymore abeg e. I just lost all the money I used to invest in this crypto market. It happened first week of December when Bitcoin pumped. I was busy shorting the market. My heart was always racing like it wanted to explode. I don't know how I managed to enter the industry at such a wrong time.


I don't just know what came over me. And the money was even a loan o. Now I have to pay for 12 months from my salary and the interest is high.

I see people mocking somebody who just died because of 2.5 million. That's not even up to how much I lost. My heart almost failed me too. Some of you here have become so used to losing huge money that's why it does not move you. I takes years to develop that kind of big heart and not everybody can survive that lifestyle.

Yesterday, I tearfully withdrew the remaining $120 from the $1500 I enthusiastically deposited into my account in early December. Now I have decided to focus on my writing career.

This was not what I planned o. When I took that loan, I thought I would pay everything in a month and still have enough money to splash around during Christmas. Chai. I had big expectations. But I lost everything in less than a month. What a bad luck.

Crypto is not the only thing that can make somebody rich jare. It looks easy but is very hard. If not greed, why will somebody put in a particular amount and be expecting 100% profit in a few minutes or hours. This greed particularly took over me and impatience made it worse. Sometimes I would make profit but I wanted the profit to increase and then I would watch it go down again until I am losing and will then go and cancel the trade to prevent further loss. I was such a phool. I watched hundreds of dollars getting swallowed continously. And I was trading very aggressive-moving assets like 1000Bonk, 1000Lunc and Matic which even made the loss faster with their rapid movements. I started to feel the market was particularly against me. I felt somebody was looking at me and just directing the nets to catch me. I started looking at everything with suspicion.


I was angry with everybody. I was angry with myself, my family, I was even angry with God for what I did to myself o. I just ask God for forgiveness. It affected my relationship and career so much. I almost resigned o because I thought I would be rich soon. That would have keeled me.

I wish we could rewind time so I can undo this financial hole I just put myself.

I still bear a grudge for this crypto market and I believe one day I will come back to take back all my money it has swallowed. Or not

SINisSIN:
2.5m or 2.5b?

Most people here have lost more than 2.5m on crypto and dey still dey gidigba. Wetin be 2.5m? He is not serious.

Superpack589:
I can't do this anymore abeg e. I just lost all the money I used to invest in this crypto market. It happened first week of December when Bitcoin pumped. I was busy shorting the market. My heart was always racing like it wanted to explode. I don't know how I managed to enter the industry at such a wrong time.


I don't just know what came over me. And the money was even a loan o. Now I have to pay for 12 months from my salary and the interest is high.

I see people mocking somebody who just died because of 2.5 million. That's not even up to how much I lost. My heart almost failed me too. Some of you here have become so used to losing huge money that's why it does not move you. I takes years to develop that kind of big heart and not everybody can survive that lifestyle.

Yesterday, I tearfully withdrew the remaining $120 from the $1500 I enthusiastically deposited into my account in early December. Now I have decided to focus on my writing career.

This was not what I planned o. When I took that loan, I thought I would pay everything in a month and still have enough money to splash around during Christmas. Chai. I had big expectations. But I lost everything in less than a month. What a bad luck.

Crypto is not the only thing that can make somebody rich jare. It looks easy but is very hard. If not greed, why will somebody put in a particular amount and be expecting 100% profit in a few minutes or hours. This greed particularly took over me and impatience made it worse. Sometimes I would make profit but I wanted the profit to increase and then I would watch it go down again until I am losing and will then go and cancel the trade to prevent further loss. I was such a phool. I watched hundreds of dollars getting swallowed continously. And I was trading very aggressive-moving assets like 1000Bonk, 1000Lunc and Matic which even made the loss faster with their rapid movements. I started to feel the market was particularly against me. I felt somebody was looking at me and just directing the nets to catch me. I started looking at everything with suspicion.


I was angry with everybody. I was angry with myself, my family, I was even angry with God for what I did to myself o. I just ask God for forgiveness. It affected my relationship and career so much. I almost resigned o because I thought I would be rich soon. That would have keeled me.

I wish we could rewind time so I can undo this financial hole I just put myself.

I still bear a grudge for this crypto market and I believe one day I will come back to take back all my money it has swallowed. Or not

Kingcid:
One reason I learnt De-fi was because I understood the volatility and unpredictable movement of f Cryptocurrency


So once I see a crash,I switch to grinding for De-fi jobs and futures trading

LincolnOnyeabor:


On that De-fi jobs sir, please how do you go about it sir??

Have you gotten any?? Kindly link me up or put me on please.

Thanks so very much.

Superpack589:
I can't do this anymore abeg e. I just lost all the money I used to invest in this crypto market. It happened first week of December when Bitcoin pumped. I was busy shorting the market. My heart was always racing like it wanted to explode. I don't know how I managed to enter the industry at such a wrong time.

I don't just know what came over me. And the money was even a loan o. Now I have to pay for 12 months from my salary and the interest is high.

I see people mocking somebody who just died because of 2.5 million. That's not even up to how much I lost. My heart almost failed me too. Some of you here have become so used to losing huge money that's why it does not move you. I takes years to develop that kind of big heart and not everybody can survive that lifestyle.

Yesterday, I tearfully withdrew the remaining $120 from the $1500 I enthusiastically deposited into my account in early December. Now I have decided to focus on my writing career.

This was not what I planned o. When I took that loan, I thought I would pay everything in a month and still have enough money to splash around during Christmas. Chai. I had big expectations. But I lost everything in less than a month. What a bad luck.

Crypto is not the only thing that can make somebody rich jare. It looks easy but is very hard. If not greed, why will somebody put in a particular amount and be expecting 100% profit in a few minutes or hours. This greed particularly took over me and impatience made it worse. Sometimes I would make profit but I wanted the profit to increase and then I would watch it go down again until I am losing and will then go and cancel the trade to prevent further loss. I was such a phool. I watched hundreds of dollars getting swallowed continously. And I was trading very aggressive-moving assets like 1000Bonk, 1000Lunc and Matic which even made the loss faster with their rapid movements. I started to feel the market was particularly against me. I felt somebody was looking at me and just directing the nets to catch me. I started looking at everything with suspicion.


I was angry with everybody. I was angry with myself, my family, I was even angry with God for what I did to myself o. I just ask God for forgiveness. It affected my relationship and career so much. I almost resigned o because I thought I would be rich soon. That would have keeled me.

I wish we could rewind time so I can undo this financial hole I just put myself.

I still bear a grudge for this crypto market and I believe one day I will come back to take back all my money it has swallowed. Or not

GRACEGLORY:
Awaiting the CPI (US Consumer Price Index (CPI) inflation data) report by in about 1hr 2min.

seanwilliam:
lmao. Dey play..most people on here ke..

You seem disconnected from reality ..

GRACEGLORY:



FOMC today (10 hrs+ from now) the father of all decisions that will determine the direction of all markets.

twosquare:
I understand your pain. I've been there, but now, I can smile. And I have a target.

One of the ways to quickly turn your margin to dust is not understanding the market.

Secondly, I mentioned earlier on this thread, know your strength. I've made some of the mistakes you mentioned here.

That's why I quickly sought help. They say follow person wey no road. And I did, which reduced my losses significantly and increased my profits. It's not good to deceive oneself. When you realise this is not working, then it isn't. Since I knew I didn't understand it, I quickly throw hand up. Now, I do small small.


Third is, the market takes from the impatient and gives to the patient.

I was once -$60 down on a $150 portfolio on a coin, futures. It felt like deja vu. I could have closed it, but I said, let me just watch what will happen. I will wait it out. After all, I've seen people with - $200k PNL, and after some weeks after, it turned positive. Now, that same coin is on +$80. Yea, I had a bit of a slightly bad entry, but I waited. In some cases (not all cases), all some of you needed to do is wait to break even or stay in small profits and close.

I still make some small, silly mistakes, which have affected my portfolio but I learn from it until I reach full awareness. Based on the above, I only recommend it on coins with strong fundamentals.

Also, one mistakes we noobs make is venturing into futures. Spot is bad enough, now you want to navigate the stormy realm of futures. Yes, you can increase your earnings with it faster, or send yourself back to the village in a jiffy too. Treat futures like spot, and you won't have much problem (whoever reads, let him understand this part).

You said you short the market, don't work against the trend. Yes, there will be pull backs here and there, but we are in a pre-bull season. I short Sats last week and within minutes, +$40...instead of me to take profit and close, I waited. Later, it turned to - 40. I was pained. What did I do wrong, waiting for it to reach my target instead of doing scalps. Standing in front a speedy train. Even though I got the bearish signal right, I was still wrong in application.

Like I said in some of my posts, HOLDers make the most money, not traders. That we are entering the bull market doesn't mean you still won't lose if you don't awaken your consciousness to what is making you lose.

You may gain massive profits in the bull market and watch it disappear because you don't have your exit and never looking back strategy.

About HOLDers, even a noob will become profitable because a broken clock is twice right a day. Just following the principles of monthly low, yearly low, monthly high, yearly high can make people profits. But the issue is not understanding the principles but WAITING (PATIENCE) . That's the key.

If we approach crypto with the idea of stocks, we will get rich. But if we approach it with the idea of MMM, we are all going back to the village.

I have bought some coins now and set it ATH and forgot about it. The email notification will wake me up.

I'll reiterate again, follow person wey know road, not person wey dey act as if say e know road. This is to cut short your journey.

I did not even lose up to you before I sought help. I was a holder before I ventured into trading. Perhaps I should have stayed that way. But God knows our path.

Sorry for the epistles guys, just to clear things up and give words of encouragement. Even me cried during my time, but now, I know as I ought to know. I leverage on other people's wisdom and some of mine.

Ekehwinz:


I just see the lamba laugh. Most people here no get reach $500 for portfolio, some dey even trade with just mouth and thier keyboard.

seanwilliam:

For this Nigeria wey people wey get 500k for account no reach 20% of the population

Kingcid:

I am currently a community manager with a Crypto trading community

Start searching for jobs on Twitter using #Newdefiprojects and the likes

Join their community most especially Telegram and make sure you are always active contributing and proposing ideas to make the community better or ideas on how to make the community token presale launch successfully (make sure you subscribed premium on both apps to avoid suspension cus some Dev might report your account for unnecessary disturbance)

By the time the Dev sees your active participation and inputs,he might decides to give you the job and most Defi jobs are relatively okay in their payment structure

Mayerooona:
If no be greed why you go open eye dey do crypto futures.

I started crypto in 2019, never did futures any day so far, including the bear market where I lost over 3M, I would say I have not lost in crypto.

I won't lie, I did futures once with $BCH in 2021. It ended in tears.....


Crypto I not a quick rich scheme, hodlers ROI is always greater than that of future traders in long term.


For example, 2 weeks ago I bought $SUIP, made 10X and booked profits plus capital. Leaving just a baby bag till after bitcoin halving bull run.


Patience is key....

Crypto no be sportybet. If you are not ready for long term, avoid at all cost.

Kingsolar:

Pls can u put me through in crypto ? Am just a novice here. From y6 write-ups I can attest. Thanks

Ekehwinz:


I just see the lamba laugh. Most people here no get reach $500 for portfolio, some dey even trade with just mouth and thier keyboard.

Kingcid:

You are complaining of Futures

How about us that trade Degen play
😂😂😂

seanwilliam:

For this Nigeria wey people wey get 500k for account no reach 20% of the population

Mayerooona:


I no fit bro.
Person go put $1,000 wake up to see say project dun rug... lol.

Funny enough you fit come wake up to 20X.

But the risk too much.. na pure gamble.

Na why I stick to hodling. I am just a holder.

No stress abeg, hodling risk dey lower.

Superpack589:
I can't do this anymore abeg e. I just lost all the money I used to invest in this crypto market. It happened first week of December when Bitcoin pumped. I was busy shorting the market. My heart was always racing like it wanted to explode. I don't know how I managed to enter the industry at such a wrong time.

seanwilliam:

For this Nigeria wey people wey get 500k for account no reach 20% of the population

iLegendd:
Coinsoto has branded. The new name is Coinank.com.

I'm not comfortable updating the app because I don't know if it has monthly pricetag now. I hate all these monthly payment apps.