CRYPTO DEALINGS PART 2
In the previous chapter of my crypto journey, I had my BNB all set and ready to dive into the world of crypto trading. But before we delve into what happened next, let me share an amusing little detour.
Getting my BNB from Binance to Trust Wallet turned out to be a bit of an adventure itself – a story for another day, perhaps! 😅
So there I was, anxiously waiting for the all-important CA to drop. My heart was racing, and I couldn't quite put my finger on why. Was it fear, tension, or simply a warning I was ignoring❓
I decided it was the sheer tension of potentially turning a small sum into a substantial profit, even though I hadn't made it yet. Sounds funny, doesn't it❓
Finally, my OG dropped the CA, right around 8 PM or maybe just a few minutes before. The moment had arrived, the hour was here, and I felt like I was about to write a profound chapter in my crypto history. 🤔
With the CA copied, I rushed to PancakeSwap and executed the purchase with my BNB. Notably, if you've been following closely, you'll notice that at no point did I mention researching the token's validity or seeking advice from others. 😅 🚩
As soon as I had those tokens in my wallet, I was elated. First, because I could buy a cryptocurrency by myself, and second, because I believed I was on the cusp of making a significant profit to help both myself and others. At the time, I saw it as a financial opportunity for me since I was already passing through a lot service (NYSC) and everyone's pockets were as dry as the desert. 🏜️
Sleep was elusive, and I couldn't shut my eyes, but I managed to convince myself to rest briefly, with the plan to wake up around 1 AM to sell.
It's important to note that I'm one of those in the crypto space who highly values taking profits. I've learned to steer clear of unnecessary greed when it comes to crypto trading.
So, my goal wasn't to see my investment reach some astronomical figure before selling; a 30 or 60% increase was more than enough for me to pull the trigger.
Around midnight, I woke up before my alarm could even ring. I checked my wallet and saw my initial 45 dolls tokens had grown to 120 dolls.
"This is a dream come true," I thought.
Without hesitation, I decided to swap 100 dolls worth of the tokens, feeling ecstatic about the potential gains. Little did I know, this is where the story takes a sharp turn.
Ladies and gentlemen, this was the moment I learned the hard way that just because you can buy a coin doesn't mean you can sell it. 😜
I attempted to swap on PancakeSwap.finance, then Poocoin.app, and even scoured YouTube for answers, but to no avail. I watched countless videos, trying every method in my mind, but I was met with failure.
It was in this very moment that I encountered the dreaded concept of a "rugpull" in the flesh.
After multiple futile attempts to retrieve my money, I finally resigned myself to the fact that I had made a colossal mistake by not conducting proper research before buying.
The impact of this loss didn't hit me immediately, but a month later, it would become a source of immense frustration and regret. I had monthly debts to pay due to my carelessness.
This was an unforgettable chapter in my crypto journey, one I wouldn't wish upon anyone. But, as they say, sometimes you need to face such experiences to build resilience and knowledge in the crypto space.