Hey everyone,
Attention: $BTC Alert!!! Price hits $66,732.1, a decrease of 1.30%. Also, $BNB is at $539.7, down by 3.14%.
Reflecting on a past experience:
Back in late November 2017, just before the peak of the 2017-2018 bull run, I made a bold move by investing my entire $45k bank account into digital currencies over a span of a few weeks. Regrettably, I made numerous mistakes: trading on too many platforms, holding onto coins that had already surged, and hesitating on potentially lucrative decisions.
Despite the immense potential of the market, my investments took a nosedive, resulting in significant losses and shattered hopes. In a desperate attempt to salvage my investments, I resorted to taking out two $20,000 loans to buy more crypto as prices continued to plummet throughout 2018. Unfortunately, it was all in vain. By December 2018, my portfolio had dwindled to a mere 5% of its initial value, leaving me with nothing but regrets and years of loan repayments ahead.
Over nearly two years, I struggled to repay these loans, feeling the weight of financial burden akin to renting a small apartment. The irony is painful: the crypto purchased with those loans skyrocketed over 100x, leaving me to ponder what could have been if I hadn't acted so hastily.
Now, instead of potentially being a multimillionaire, I'm left with valuable lessons learned and a cautionary tale about the perils of impulsive decisions in the crypto market.
Stay informed and trade wisely.
