Alert! Bitcoin is surging to $66,732.1, while BNB is at $539.7, but amidst the excitement, a cautionary tale emerges.
In late November 2017, during the peak of the 2017-2018 bull run, I plunged my entire $45k bank account into digital currency within just half a month. However, I made every mistake imaginable: jumping between too many exchanges, holding onto coins that had already peaked, and hesitating on potentially lucrative decisions. As the crypto frenzy reached its zenith in December 2017, my investments took a nosedive, leading to significant losses and dashed hopes.
In a desperate attempt to salvage my investments, I took out two $20,000 loans to buy more crypto as prices continued to plummet throughout 2018. Despite my efforts, it was all in vain. By December 2018, my portfolio had dwindled to a mere 5% of its original value, and I found myself in a precarious situation. Eventually, I had to trade everything away, leaving me with no crypto, minimal funds, and years of loan repayments looming ahead.
Over the next two years, I struggled to repay these loans, feeling as though I was merely renting a small apartment. The bitter irony stung deeply: the crypto I purchased with those loans skyrocketed over 100 times, leaving me to ponder what could have been if I had not taken such drastic measures.
Now, instead of being a potential multimillionaire, I am left with nothing but regret and a valuable lesson about the perils of impulsive decision-making in the volatile crypto market.
#crypro #HotTrends #ETH