What was your biggest mistake while investing in crypto? How much did it cost you? #experience
Example from my portfolio:
I heard from an whitelist ICO for a shooter game. It looked very promising and the first exchange listing was scheduled short time after the ICO. I applied for the whitelist and followed all communication channels. Then the winners list was posted in Telegram and my address was listed. So I followed the steps and decided to put 500USD in it, because it was a sureshot.
But somehow I had two channels I was following. And while I was so excited, I picked the wrong one, which lead me to a fake seedify page. So my money was gone.
A few days later the token was listed and made +900% and I made -500USD, while watching the token rising. That was a black day 😅...specially because I really was whitelisted, but I didn't want to risk more money.
But I learned from it.
1. Double check might not be enough...from 100USD on double check, plus one additional for each further 100.
2. Never go all in
3. #DYOR the first: With more research about seedify I could have seen the wrong link
4. #DYOR the second: The web page was just a product of bad copy-paste. The description text was wrong.
4. #DYOR the third: The projects always provide the right contract addresses in some way...checkt it! It is long, but, CHECK IT!
5. #DYOR the fifth: While searching this project I made researches. About the team, the online presence, the token availability and the product. And the +900% showed...it was a good research coming with massive short gains.
But I was to excited and and made so much mistakes in row, that I didn't make profit with it. 🤣
Maybe this story helps someone to avoid such losses.
Stay safe in crypto space. Always DYOR & and at least double check!!!