Yeah, It's a real Heart touching story that I received on Telegram.🗣️🥀
The guy said, I'm new to crypto and I have $600, and my friend told me to buy $SOL , which was priced at $190.
So, I bought 3 SOL, Then my friend told me to invest the remaining amount in $FET , which was priced at $2.80.
I bought $220 worth of FET. My mistake was that I invested the entire amount at once, as I didn't know about DCA (dollar-cost averaging).
Now I'm at a loss of -65%, and watching the market is making me feel weird.
If I had known that crypto markets can dump discounts like this, I would never have invested all my money at once.
This is a big lesson for me in my crypto journey that will make me successful.
Then I explained to him that whoever is new to crypto experiences similar things, but he understood quickly.
You must have also learned something from this person's mistake. Have a great day!
