I started approaching the Financial Market in 2016 when a friend led me into Forex, but at that time I was just doing it for reference and considered it a form of fraud.
At first, I only dared to invest $100, but I gave it all to her to invest every month and I took 10% because she promised me that.
After 3 months, I still realized that maybe it wasn't a scam like I thought. I gave her a total of $1,000, then after 1 week, I noticed that my account was gradually going negative until the 2nd week. 300$ left.
I said I would withdraw and not participate anymore because I had lost too much. But that person wouldn't let me withdraw and I couldn't place a withdrawal order until I saw that my account was negative and I saw that I had been scammed.
I was completely devastated and didn't trust anyone anymore. That was the money I had saved for several months to buy food and send some to my family to help my parents, but then the money was lost, making me mentally depressed. For a while, because of traditional work, the amount of money was quite large because the salary at that time was only $300 a month.
After 1 year, I participated in the stock market again, but by studying and investing on my own, not through anyone else.
But I also paid the initial tuition of $300 - $1,000 per course for the knowledge these so-called teachers taught. After studying, I realized that I was lacking a lot, but I also believed too much in what the teacher said that making money is very easy, just buy low and wait for a while for it to go up 30%-100%, then sell 1/2 or sell it. all those shares.
It's true that for a beginner like me, it's easy to make money, but when you apply it, it's completely different because before you buy it, you'll sell it short or close at about 5% or when you see it go down. I was so scared that I sold to cut a loss of 10-30% of my initial capital and so within 6 months I had another loss equal to the amount of money I had saved for nearly a year to invest in studying and practicing more than $1,000. At that time, I realized I was wrong. Where do I not realize that I have made a mistake in the formula as well as that I do not have a method to train myself to give myself an accurate set of tools for me to apply, which teachers who want to learn need to spend 10,000 $ tuition to study deeper courses, but at that time this amount of money was too much for me to receive.
At the beginning of 2017, I met a British person working in IT who had just returned from abroad and met him again when I no longer had too much confidence in the financial market and getting rich through finance.
A comforted me and helped me realize my mistakes, which is to learn from the right people and the right way, not to be too mechanical, and to turn what they teach me into my own, learning how to analyze the market and Read news as well as expert opinions and learn how to make personal judgments to practice analytical skills and come up with your own methods.
After 3 months of studying, I learned a lot of things that no one taught me. At that time, YouTube did not have instructions as widespread as they do now, and they always hid the methods to themselves and rarely posted them online for others to learn.
When he saw that I had a positive change, he advised me to buy Bitcoin for $2,000, but at that time I borrowed more from my friends, but no one lent it to me, and no one gave it to my family because they thought I had been scammed. Before, be careful of being scammed. I've heard a lot about Bitcoin that it's a scam. Virtual money is not trustworthy, but with my adventurous and reckless nature, I borrowed $2,500 from the bank. I didn't buy all the Bitcoins. If I used $1500 to buy nearly ~0.8BTC, I would still keep $1000 to pay interest and if I lost it again, I would still have money to pay bank interest and food, not risk investing it all like the previous two times.
During that time, I was still working and my salary was raised to $500 a month because of the nature of my job, so I rarely went to the market to look at it and bought it on Blockchain wallets. In the early days, there were very few wallets, only blockchain wallets and a few exchanges. But it is very difficult to register because in Vietnam there are very few supporting exchange platforms such as Bittrex or Bitfinex.
By the time the British IT guy told me to register with a link below on the new exchange called Binance, I had a small amount of BNB and I don't remember the exact number of BNB in there because I didn't care too much because I only held the BTC in the blockchain wallet. .
Then time passed for 6 months until November, then asked him to tell me if I had closed the BTC yet it had reached $10,000 and then closed it all or closed it at 80% depending on me. At that time, I asked him to close 0.6BTC and keep 0.2BTC.
Happy with the money I earned after having lost more than $4,000 in scammed money and tuition money, I paid the bank and put some aside for food expenses.
But after December, I saw why BTC kept increasing, so I was afraid of losing the opportunity and immediately bought another $1,000 when BTC reached $16,000. By March 2018, the price had dropped to $11,000. I was scared. I went down further so I sold it all to the Bank and also through OTC, so I asked A to help me sell it. Why don't you keep it and sell it because at that time I urgently needed money to take care of my family.
So in the end, I was lucky enough to profit more than $2,000. At that time, it took me nearly a year to save up for traditional work.
At the end of the process of getting my feet wet in the market from 2016 to 2017, I lost a lot of money from other investment channels from Forex to stocks, but I thought I would lose all that money and never get it back.
But luckily in life, I still hope that one day I will get my investment license back and not give up halfway.
Luck also smiled on me when I lost all my money but in return I gained new things and learned from my mistakes and thanks to someone who guided me in the right direction, I found the way. own.
A message to newcomers, please enter the market with the mindset of learning from those who have gone before you, don't rush into making money first without learning anything, or when you lose money then turn around and blame a lot of people. things in the sky and under the sea without blaming yourself for whether or not you have enough knowledge and practical experience by waiting patiently or not, only to end up losing money as well as losing your spirit and then losing your opinion with faith. my original news.
Know where you are going wrong and find a way to fix it and keep your money safe before you have enough vision and quality to find the right direction and the right path for your purpose, then you will go quickly and efficiently. The method is for your own personal use, do not invest recklessly or trust anyone other than yourself to be the boss. No matter who tells you, it's not even me because sometimes I make mistakes, but I'm not completely right because I'm also human.
A quote I really like and have kept in mind for many years: "Where is your mind? The deeper your vision, the more knowledge and finances you will receive than what you have."
Thank you for reading all the way to the end and if you have any questions or concerns, please help me by searching and sharing what you think so that somewhere you can help me understand myself better as well as what I have. can give you the value you need.
Thank you very much my dear friends. 🤩🤩🤩🤩🤩
#Write2Win #bitcoin #ETH #SHIB #Solana $BTC