Cryptocurrency Daily Discussion - February 2, 2021 (GMT+0) |
- Daily Discussion - February 2, 2021 (GMT+0)
- Time to step up and protect this community.
- Ethereum just broke its ATH!
- The entire /r/XRP subreddit just fell for the most hyped and largest pump and dump scam in crypto history
- Elon Musk says dogecoin tweets are jokes, he is a supporter of bitcoin
- Dogecoin dev team responds to pump & dump organizers asking them to set a max supply cap on their Github
- Michael Saylor says he has never seen so many CEOs sign up for one of Microstrategy's events.
- Stellar XLM Notes
- First Time Crypto Investor: My Brother-in-law's Balls to the Wall FOMO on doge the other day.
- $6 Billion Stablecoin USDC Lands On The Stellar Blockchain!!!
- OMG! I found out I was sitting on 8K worth of UNI!!
- Buy Crypto, Then Walk Away
- Dogecoin Investor Confused About Why They Keep Losing Money, Despite Following All Of Their Pump & Dump Group’s Instructions
- Took a big L on Doge - Extremely happy it introduced me to Crypto though!
- Can we make a list of scam subreddits and currencies that should be avoided by newcomers
- USDC is live on the Stellar network - SDF Press Release
- This will be a HUGE week for Bitcoin, and crypto as a whole.
- Losing money on cryptocurrency is a rite of passage
- Watching the "meme stocks" today and having suffered through the 2018 crypto crash. I was reminded of some very valuable lessons, don't get greedy, and never FOMO.
- This Bullrun is just starting, hear me out.
- For Newbies: My Lessons Learned from the 2017 Bull Run
- Mark Cuban just said on his AMA on Wallstreeetbets that DEFI & NFT's have the biggest potential to explode in the next 10 years.
- What is Vechain (VET)? Vechain Explained
- If you're a new investor, for the love of your wallet, DO NOT day trade.
- The gas fees are a killer
- How crypto changed my life.
| Daily Discussion - February 2, 2021 (GMT+0) Posted: 01 Feb 2021 04:00 PM PST Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer:Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules:
Useful Links:[link] [comments]  | ||||||||||||||||
| Time to step up and protect this community. Posted: 02 Feb 2021 12:23 AM PST Given the events of the past week with Doge and XRP pump and dumps it's clear that we need to protect people within this community. Some have been in this space for a lot longer than others and there's been plenty of examples of scams throughout the years and plenty people scammed with them. The Doge pump last week angered me and you could see people getting excited and the inevitable was going to happen. A lot of new people got sucked into the prospect of quick, easy money and calls for calm fell on deaf ears. Then the same with XRP. I had friends calling me about it and asking advice and I told them exactly what I thought was going on, which transpired to be the case. Lucky they took my advice and held off. There's been a significant rise in new accounts shilling these days and it's our responsibility to help ease new investors into the space. It's frustrating watching the endless shill. Is there anything else that can be done to protect this space? Scamming people doesn't bode well for the future of this society. [link] [comments]  | ||||||||||||||||
| Posted: 02 Feb 2021 08:33 AM PST
 | ||||||||||||||||
| Posted: 01 Feb 2021 05:58 AM PST EDIT: Proof the moderators of /r/XRP are absolute shitwads EDIT 2: Anddddd I just got banned from /r/XRP. Do the people of that subreddit a favor and start reporting it. EDIT 3: Just got banned from /r/Ripple. Dear Christ. EDIT 4: The pump and dump group post is still up EDIT 5: Huge shoutout to the /r/cryptocurrency mods. You guys are amazing. Me and a few friends tried to warn them but with all the Wallstreetbets and GME hype, it allowed a ton of crypto newcomers who didn't know what a "pump and dump" scheme is to get scammed. This comes right after the large doge dump. The worst part is, their moderators made no efforts to remove posts related to the scam. It is reported that /u/nvok (a moderator of /r/Ripple and /r/XRP) and fellow moderators were allowing the scam to be promoted and were removing posts that were negative towards it. They also ban any users that critique Ripple or XRP (the token of Ripple). It is unknown if they were involved in the scam, but it is evident they failed to educate their users. Feel free to report both of those subreddits by contacting reddit admins. You can find any post in /r/Ripple or /r/XRP and report it via the reddit contact us page as there is no other direct way to report a subreddit. They, /u/nvok and other moderators need to be investigated. [link] [comments]  | ||||||||||||||||
| Elon Musk says dogecoin tweets are jokes, he is a supporter of bitcoin Posted: 01 Feb 2021 01:42 PM PST
 | ||||||||||||||||
| Posted: 01 Feb 2021 03:54 PM PST https://github.com/dogecoin/dogecoin/issues/1674
I messaged the modteam over at r/dogecoin mentioning that it would be a very responsible move of them to let the community know that this is the engineering team's official stance. A lot of new users are banking on this occurring, as pump & dump groups have convinced them that if it does their investment is going to skyrocket. Not holding my breath, though. [link] [comments]  | ||||||||||||||||
| Michael Saylor says he has never seen so many CEOs sign up for one of Microstrategy's events. Posted: 01 Feb 2021 09:31 PM PST
 | ||||||||||||||||
| Posted: 01 Feb 2021 10:46 PM PST I have been a lurker for a long time here but I would like to contribute more to the community and in order to do so I will share a little of my research on different coins. Stating with XLM, one of my favorites cryptocurrencies, I apologize for my english as it is not my first language. Most of this information is from their official website. I personally support this project because I know the burdens and fees of having to send money outside of the US and I appreciate what Stellar Development Foundation is working on. XLM - Current Price $0.3209
Created in 2014 after bitcoin but before Ethereum, launched in 2015 by the Stellar Development Foundation, a non-profit company based in the U.S. It is designed so all the world's financial systems can work together on a single network. Intended to enhance rather than undermine or replace the existing financial system. Stellar enables a future where everyday people can send money anywhere affordably and quickly. Like any payments system, Stellar allows one user to send currency to another. User A can send User B dollar tokens or lumens or whatever. But Stellar also allows a user to send one currency and have the recipient receive another. Essentially, you can send and exchange money in a single atomic transaction. Each year, over $500 billion of value is transferred cross-border through personal remittances. In most cases, remittances are transfers of money from foreign workers to family members in their home country, sent on a monthly basis. The typical transaction is $200 to $300 and the average retail cost of these transfers runs 7-8%, usually collected in cash. Sending costs can be as high as 15% when transferring money to people in developing economies. Unlike the tokens of other blockchains, lumens aren't mined or awarded by the protocol over time. Instead, 100 billion lumens were created when the Stellar network went live, and for the first 5 or so years of Stellar's existence, the supply of lumens also increased by 1% annually, by design. That inflation mechanism was ended by community vote in October 2019. And in November 2019, the overall lumen supply was reduced. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created. Nearly 20 billion lumens are out in the open market, and the Stellar Development Foundation retains the other 30 billion or so to develop and promote Stellar, per its mandate. Those lumens will enter the public markets over the next few years. Please feel free to share your thoughts on XLM and if you think XLM is a good crypto to hold. Edit: XLM Price was wrong by a decimal now corrected [link] [comments]  | ||||||||||||||||
| First Time Crypto Investor: My Brother-in-law's Balls to the Wall FOMO on doge the other day. Posted: 01 Feb 2021 11:47 PM PST Guy makes sick money but normally a drinker and likes to gamble $100s $1000s at a time. You name it, sports, racetrack. Anything for a thrill. I'm pretty convinced that's what he does when he's not working. His life is just eat, shit, work, gamble, drink, pass out. There's really no science to this guy's life. He's my age but looks double , but when he wants something he goes balls to the wall. He always said crypto was stupid. Anyway this guy calls me out of nowhere, says "IM COMING OVER, I want you to show me how I can buy doge". Sure. He comes by. First thing this guy does is slap 2 grand in fresh 100s on the table next to me and tells me to buy doge for him. NO PATIENCE AT ALL. Like I have a stash of PKs on a hard drive waiting for him. I'm thinking most my shit is in wallets and I'm not parting with my shit coins either. So going through the process of setting up his account, I was trying to explain to him coinbase, his account, transfers, binance. Before I could finish half of a sentence... He tells me. "I don't have time for this, just buy it". I bought Btc for him but there was a problem with his card. Only limited $1000 so we tried bincance. Finally evil to get him to deposit 2000 I had to transfer BTC over for doge. He said, "I want you to sell it in 8 hrs whatever the price is and I'll be over tomorrow to pick up the money" I said.. woo wait a minute...you need to wait for the cash to transfer back to your bank account. He starts fuming and says, "NAH I can't wait, And I don't want BTC don't buy me that , there saying doge will hit $1". I told him I need btc from coinbase and he didn't understand. Just kept saying" btc isn't going anywhere " Anyway, I bought doge, sold in 8hrs when It was down 60%. He calls me up afterwards all pissed and then tells me to keep whatever is in there that he wants nothing to do with crypto ever again. I don't understand how people like him make loads of money. [link] [comments]  | ||||||||||||||||
| $6 Billion Stablecoin USDC Lands On The Stellar Blockchain!!! Posted: 02 Feb 2021 05:20 AM PST
 | ||||||||||||||||
| OMG! I found out I was sitting on 8K worth of UNI!! Posted: 02 Feb 2021 01:45 AM PST So I'll try to make a long story short but back in the summer time, I was turned on to the DEX hype and all the defi jazz. Played around on Uniswap and didn't really make much and spent more on gas prices than I made profit. Things got rough financially and I had to pull everything. Soon after, the market took off without me. And I watched as everybody enjoyed their gains. I kept an eye on crypto for the most part but I never had any extra funds to contribute. Well, last night I was watching ChicoCrypto and he mentioned an app called Zerion which is basically a one stop shop for to track your defi portfolio. I connected my wallet and then to my surprise, it said I had $7900?? 400 UNI unclaimed. I thought it was too good to be true but I logged into UniSwap and sure enough, 400 tokens I never claimed. I know if I'd known this before I wouldn't have had the balls to Hodl but blessing come in many different ways. So if you used UniSwap prior to September 2020 and had no idea about the airdrop then go link the wallet you used and claim your 8k!! [link] [comments]  | ||||||||||||||||
| Posted: 02 Feb 2021 06:56 AM PST Thought I'd give my 2cents since we have some new faces in the community. 1) Don't use this sub as investment advice. Do your own research and invest into whatever project you believe has the most potential. 2) When you do invest, transfer your tokens from the exchange you bought on to your own wallet, and then walk away. Don't touch these tokens for at least 6 months, or a year, or however long you think you can last before having the urge to sell. 3) Join the teams Telegram of the company you invested in. Only set notifications on their announcements channel so you can stay up-to-date with their progress. 4) Only set rising price alerts for the tokens you are invested in and try to only check your portfolio like once a week. 5) Sit back, and let the market do the rest for you. We are all in this game very, very early. If you invest now and wait a year, 2 years, or even longer, I am confident you will see some nice growth in your portfolio. I've followed these guidelines for the past 3 years now, and last year I took out less than a third of my portfolio to pay off my student loans. Now I'm waiting even longer with my sights set on a down payment for a house. Set a goal when you invest and don't sell or quit until that goal has been achieved. This is hands down the most promising investment, but you have to be patient to succeed. Good luck! [link] [comments]  | ||||||||||||||||
| Posted: 01 Feb 2021 06:29 PM PST
 | ||||||||||||||||
| Took a big L on Doge - Extremely happy it introduced me to Crypto though! Posted: 01 Feb 2021 11:23 PM PST Learned how Crypto works, set up an app to trade with, learned about pump and dumps (bruh) So happy to finally get started. Still doing lots of research and learn more. Still trying to figure out how to set limits on Binance so I don't lose too much when I take my eyes off the charts lol. Tried to pick some that have long term and short term potential, wish me luck! [deleted picture of holding at advice of commenter] [link] [comments]  | ||||||||||||||||
| Can we make a list of scam subreddits and currencies that should be avoided by newcomers Posted: 02 Feb 2021 05:46 AM PST Lately there have been a lot of pump and dump schemes growing around the reddit and as the newcomers have been rising here can we just make a list of subreddits that are basically scam and pin them on the top so that the newcomers are more cautious of it. When the doge pump and dump was going on many people around here fell for it and the same has been happening with XML and it's quite concerning that many people are losing their money from it because of no research on the topic. We can also pin some information regarding these pump and dump scams so people can avoid it/ better understand it. [link] [comments]  | ||||||||||||||||
| USDC is live on the Stellar network - SDF Press Release Posted: 01 Feb 2021 08:02 PM PST
 | ||||||||||||||||
| This will be a HUGE week for Bitcoin, and crypto as a whole. Posted: 02 Feb 2021 02:32 AM PST So first of all, for those unaware, tomorrow there is a presentation by Saylor from MicroStrategies where a lot of high end CEO's will learn about crypto and the investment opportunities that are out there. Even if only a handful of these CEOs take this opportunity to invest in Bitcoin, it will be a huge boost for its succes. On top of this, a big batch of Grayscale funds become available the coming week, which always has a high correlation with Bitcoin mooning. These two events combined are like the perfect storm, with a lot of media attention on crypto as well, and a lot of money flowing in from casual investors redistributing their GME profits. If Bitcoin doesn't hit 40k within 5 days (7 FEB 23:59) I will give away my moons to the top comment on this thread, I am VERY confident that Bitcoin will surpass 40k with ease and might even have a run at 50k before February is over. And as we all know, after Bitcoin moons and (hopefully) stabilizes at 50k, its altseason again baby. SOURCE FOR GREYSCALE: https://hackernoon.com/grayscales-gbtc-pump-effect-means-2021-will-start-slow-0gu340l Read this article, it is very interesting and has so far been very accurate. They predicted the BTC slump since ATH and expect it to pick back up pace around Feb 3rd since Greyscale unlocks their 9th tranche of funds, meaning Grayscale will do mass acquisition around Feb 3rd causing the price to go up significantly. [link] [comments]  | ||||||||||||||||
| Losing money on cryptocurrency is a rite of passage Posted: 02 Feb 2021 03:36 AM PST I see we have a lot of new members who got duped by the Dogecoin pump and dump. I'm very sorry to see this happen, but props to you all for sticking around. trust me.. it will be worth it. I made my first bitcoin purchase about 3 years ago. February 2018. I think bitcoin was right around 12,000. If you dont know, it continued to decline for the next year, down to about 3k. I lost 75% of that initial investment, but I continued buying on the way down, and on the way back up. I'll never stop buying bitcoin. WSB, MOON and HOLD: I'm not trying to take props for anything, but I think the cryptocurrency community coined these terms. We are the original diamond fists. I HODL (hold on for dear life) my coin, and I still own the very first lil chunk of bitcoin I've ever bought. I hope you guys are experiencing what I felt when I found crypto in 2018, and if you have any questions feel free to ask. My PMs are open [link] [comments]  | ||||||||||||||||
| Posted: 02 Feb 2021 08:06 AM PST If you're up 100s or 1,000s of percent on something FFS, take some fucking profits. There's nothing wrong with it, you don't have to sell your entire bag, but God damn don't be an idiot. All of this "hodling" meme crap is going to screw you over. Holding is inarguably the best long term strategy for crypto, but there's nothing wrong with cashing out a bit along the way. Never worry about the "but what if it goes up to ____ amount". Just worry about what you DID make. Just knowing you're up from your initial investment, will bring you so much peace of mind. Then whatever happens along the way won't matter as much. Next alt-season we have, for the love of God. Don't hold into the ground, if you're way ahead, enjoy the fruits of your Investment. Don't live in denial when you're 90% down that the rocket ship is still coming. Maybe I'll eat my words in the next few weeks. But I still don't see literally any harm in quitting while you're ahead. [link] [comments]  | ||||||||||||||||
| This Bullrun is just starting, hear me out. Posted: 02 Feb 2021 01:04 AM PST We all saw that bitcoin pump in 2020 with awe, but that was just some bunch of wallstreet wales dumping a tiny amount of their hedgefunds into btc. What we now see with the GME Stock and doge pump and dumps is the beginning of an awakening of the small guys. People realize that they have power over the big guys and they will start to throw money at altcoins, now that btc was pumped. Once the hedgefond managers realize that, they also will throw money at alts, letting them moon like crazy. The fed and pretty much every country on earth keeps printing fiat too, so crypto is a great hedge against inflation, furthermore strengthening our cause. This is just the start of a fantastic season. We are all very early and up for a great ride! [link] [comments]  | ||||||||||||||||
| For Newbies: My Lessons Learned from the 2017 Bull Run Posted: 02 Feb 2021 05:24 AM PST Lesson Number 1. Timing is Everything. It doesn't matter how smart or experienced or educated you are. Timing is Everything. The Crypto market is irrational due to the low market capitalization and (as we've seen lately) manipulation. There is also a lot of speculation. That is why you need to think about how long you would like to keep your cryptocurrency. Therefore buy, forget and ignore the small price fluctuations. If you had bought Bitcoin in 2016 and held until today, you would have easily doubled your investment. Lesson 2: Hype is Your Enemy We are all human. And as such we have certain predictable emotions. Greed, Fear, Uncertainty, Doubt. These emotions get multiplied when money is on the table. One of our predictable behaviours is being vulnerable to the storytelling hype. It could be as simple as the the fear of missing out on a huge opportunity. The fear of missing out was so great it prevented me from thinking rationally in the past. I wanted to buy coins as fast as possible dropping everything else I was doing. Be careful about all of the youtubers and bloggers (and yes, Reddit) that speculate about which coins to watch next month or next year. Use it as a resource of course (I have!) but do your own research. Very often youtubers and bloggers don't tell you if they have been paid to promote a project. Find a project you like with a real life use case and invest from there. Lesson 3: Do not Attempt to Day Trade. Unless you are experienced in day trading, this will only give you more sleepless nights and anxiety, especially if you don't have a clue what you are doing. And if you decide to day trade then please, only with a small percentage of your portfolio, something like 5%, not more. Long term holding is generally more profitable for most investors (and less stressful). TL:DR: Hold (play the long game), Ignore hype and FOMO. Find a project you really believe in with a real use case, Please do not day trade and if you do only do a small percentage of your portfolio. [link] [comments]  | ||||||||||||||||
| Posted: 02 Feb 2021 07:45 AM PST See for yourself in the WSB AMA: . What industry that is relatively small now has potential to explode in the next 10 years? . [–]mcuban[S] 2374 points 27 minutes ago . De-Fi, NFT, but there will be a lot of ups and downs along the way AI will change everything, but 99pct of the businesses out there that say they use AI are full of shit. Precision Medicine, Nano Technology, the MRNA technology used in the vaccines will grow. Robotics. Green Tech, all will grown And what platform currently has the majority if not all of DEFI & NFT's growing on it?? Ethereum. These are the sort of hidden nuggets that make people fortunes in the future. [link] [comments]  | ||||||||||||||||
| What is Vechain (VET)? Vechain Explained Posted: 01 Feb 2021 07:54 PM PST
 | ||||||||||||||||
| If you're a new investor, for the love of your wallet, DO NOT day trade. Posted: 01 Feb 2021 03:12 PM PST Look, I get it. You see Doge going 5x in 3 days, you see XRP doubling within a day and you think to yourself "It's been going up this whole time, I'll invest some, wait for it to rise a bit more and then cash out". You put your money on that coin and surprise, surprise, it goes down immediately. You think to your self "Surely it won't crash immediately after I invested". Oh, but it will. You see, the moment you see the shilling about a coin going up, you already missed the pump. I found a couple of great articles about chasing pumps or day trading in general that I wanted to share. These were written before the shitshow that is happening in stock/crypto markets this past month, but the principals stay the same: 1st article: https://vantagepointtrading.com/whats-the-day-trading-success-rate-the-thorough-answer/ "While anyone can be successful, most people who enter the trading world don't have the discipline and patience to practice a strategy (or set of strategies) until those strategies produce a consistent profit. While people are told they won't be successful overnight, most new traders don't actually believe that. They have an idea in their head that they're smarter than everyone else and will make money quickly. Nope. You may make the "standard" 10% per year or so…but it's pretty tough to make a living on a $30,000 account making 10% a year. We Day traders need more. You may have heard 90% or 95% of traders lose money, or some other seemingly high statistic. From what I've personally seen, this is accurate. While I traded for a day trading firm, about 10 people came in every couple months for trader training, or about 60 per year. For a five-year period that means about 300 people came to the trading firm and took (or at least started) the training program. Some traders I talked with think the actual number is higher; that is was closer to 400 people. Only 14 (women and men, including myself) moved on to become regular traders, producing consistent profits for at least several years. That's about a 3.5% to 4.5% success rate. Approximately another 10 made money, but not enough to keep them trading. If success is defined as just being negligibly profitable (for at least a couple months) the success rate is about 6% to 8%. But who wants to trade to just break even?" 2nd article https://tradeciety.com/24-statistics-why-most-traders-lose-money/ "Scientist Discovered Why Most Traders Lose Money – 24 Surprising Statistics "95% of all traders fail" is the most commonly used trading related statistic around the internet. But no research paper exists that proves this number right. Research even suggests that the actual figure is much, much higher. In the following article we'll show you 24 very surprising statistics economic scientists discovered by analyzing actual broker data and the performance of traders. Some explain very well why most traders lose money. 1 - 80% of all day traders quit within the first two years. 2 - Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain. 3 - Traders sell winners at a 50% higher rate than losers. 60% of sales are winners, while 40% of sales are losers. 4 - The average individual investor under performs a market index by 1.5% per year. Active traders under perform by 6.5% annually. 5 - Day traders with strong past performance go on to earn strong returns in the future. Though only about 1% of all day traders are able to predictably profit net of fees. 6 - Traders with up to a 10 years negative track record continue to trade. This suggest that day traders even continue to trade when they receive a negative signal regarding their ability. 7 - Profitable day traders make up a small proportion of all traders – 1.6% in the average year. However, these day traders are very active – accounting for 12% of all day trading activity. 8 - Among all traders, profitable traders increase their trading more than unprofitable day traders." (You can read the whole thing in the link I shared) [link] [comments]  | ||||||||||||||||
| Posted: 02 Feb 2021 12:09 AM PST The ETH network fees are just horrendous. Makes me not want to use it anymore, but all the useful stuff is on ETH blockchain. What do you guys think has the best chance of addressing the high fees... ETH2, DOT, maybe community chains like NANO? I know there are coins like ENOL and GASG that help you get back gas fees, but it would be nice to have a protocol with minimal fees. [link] [comments]  | ||||||||||||||||
| Posted: 02 Feb 2021 07:37 AM PST Hello everyone. I would like to share a story on how the world crypto changed my life. It all started back in 2013 when I first became interested in crypto. I signed up on bitcointalk and browsed it all day long for weeks on end, until I finally decided to join the hype. I hooked up my gaming pc to a mining farm and got myself a lot of different alt coins. I also traded these for BTC and other coins. There were never really big amounts involved, although I vaguely remember having about 5 bitcoins at one time. (Which was worth about 100$ each). Unfortunately, I sold them all. Around 2015 I quit my job at an airport, which I never wanted to return to. I started studying, and most of my interest in crypto faded away. In 2016-2017 I became depressed cause of various reasons, I quit school and later moved into the basement of my stepdad. While I lived there, I remembered I had some crypto laying around, and looked at Coinmarketcap to check my worth. To my surprise, one of my coins had drastically skyrocketed in value. It was a coin called WhiteCoin. Last time I checked, they were worth about 50$, and now... almost 50 000$! I freaked out and started looking for my wallet file, and I spent a whole week searching every directory on my hard drives and external storage, with specialized programs to find deleted stuff as well. I never found my wallet. 50 000$ was such an enormous amount for me at the time, but they were all gone. If my depression was not enough, this blow almost destroyed me. But. I got out. Later that year I decided I wanted to invest into crypto again. Remember, this was 2017. So in December 2017, shortly after realizing the 50k$ was forever gone, I decided to invest again. And this time, I went all out. I threw about 90% of every penny I owned into crypto. Most on RaiBlocks, which is known as Nano now, and I also bought a lot of other lesser fortunate coins. Shortly after I invested, all crypto had some huge gains. Through the new year I saw my investment of 10k$ grow. I think it reached about 25k$ at some point. Then... as most you already know... came the big crash of early 2018. It was at this point I cut my losses and ended up with less than 3 000$ in my bank account. I kept whatever crypto I had left, on a newly bought Ledger Nano S, in case they were going to be worth something again. But what do I do now? That was my thought. My money was mostly gone, I did not go to school anymore, I had no work, I lived in a basement. So, the only logical thing to do was to try and get my old job back, which I managed to do. And as Will Smith sung in Fresh Prince of Bel Air: "Now, this is a story all about how My life got flipped-turned upside down". Fast forward 3 years, and I am now living with the love of my life which I met at the job I never wanted to return to. We moved 100 miles north to study. I am studying to become a computer engineer, it is going very well, and I have crypto to thank for it. If it were not for the whole WhiteCoin situation, I would not have become interested and invested into crypto again, and I would never lose all my money. I would never go back into my old job, where I also found the love of my life, and I would never attempt studying again if it were not for her. TLDR version: I started mining crypto in 2013, then lost interest. In 2017 I found out my crypto was worth 50k$, which I was never able to retrieve. At this point I invested almost everything I had into crypto and lost almost everything in the crash of early 2018. This led me to my old job, which I found the love of my live, and we are now living together while both of us are studying. Even if I lost a lot of money, I gained something which I would not gain otherwise. Now I am looking forward to waking up every day, my depression is gone and crypto as a term has a whole new meaning for me. Nowadays I just use it as a medium to store value, in much less significant amounts. Hope you enjoyed my story. Please share if you have any stories related to crypto, or comment if you have any questions. I will gladly answer all of them :) [link] [comments]  |
| You are subscribed to email updates from Cryptocurrency News & Discussion. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment