How To Lose Money In The Crypto-Verse?

I believe you're already introduced to the crypto world the moment you're reading this. Perhaps, you have already heard about Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and a lot of other altcoins or cryptocurrencies out there.

This guide is not only for the newbies but also for the veterans or those people who have been here in the crypto world for quite some time already.

Nope. I'm not gonna teach you how to get rich fast, nor am I going to inform you of the basic and complex strategies on how to grow your crypto portfolio.

What I'm going to teach you in this article is how to lose your hard-earned money and even your whole life savings in the crypto-verse, which has been tested and proven by yours truly, Florie Mae, in my more than a year of being active and engaged in this world.

I'm going to disclose those stupid things I have personally done on how I lose my money. If you are not interested in losing your lifetime savings, then make sure to only pick the things that will benefit your finances and investment decisions. Always take my guide with a grain of salt. But if you are determined and ready to lose your money in the crypto-verse, listen and read carefully as this is just going to be a one-time piece of advice.

Let's get on it!

Disclaimer: This is just a "for fun" article. Anything I have mentioned here is based on my/others' experience on how I/they lose money but it is not financial advice. Read at your own risk.

Step 1: Convert your fiat money or money in your bank account into a stable coin or a crypto coin that is pegged into the dollar.

• Of course, how are you going to lose your money in the crypto world if you are not going to transfer your money in it? You can do this by making use of your coins.ph account and convert your PHP into USDC, or you can also use the Binance app and buy stable coins there using your debit or credit card, or buy coins through the P2P (Person to person) merchant.

Step 1.1: If you don't want to buy stable coins, then just immediately buy Bitcoin or altcoins and never mind if the price is already too high to buy-in.

• Well, our ultimate goal here is to lose your hard-earned money, so you can buy coins anytime you like. You don't have to know if the price is already at its peak or still on its dip. There are over ten thousand cryptocurrencies out there and you don't have to do your research when buying a coin.

Alright! Once your fiat money is already converted into crypto, let's proceed with the strategies on how to go from being a Millionaire to being broke.

Let's go with trading crypto and the best things to do with it to lose your money!

1. Buy High, Sell Low, Buyback Higher

• So you bought Bitcoin Cash at the price of $1,000. Since you're starting to panic already as the price is beginning to plummet, consider selling it at the price of $600, which is the current price. Once the market is starting to recover again, buy your BCH back at the price of $800. I guarantee you already lose some money there.

2. Always get FOMOed (Fear of Missing Out)

• Always check the biggest gainers on the trading app you are using and consider buying the coin at its All-time high. Make sure to buy the coin when it's trending in the market or when it just gets listed on an exchange with a thousand gains already. Be the bag holder who buys coins on top.

3. Trade with Emotions

• Don't sell your coins when it's green. Hold it and be greedy with your profits. Only sell when the price is starting to dump again leaving you acquiring losses instead of gains. You can also put in mind to always buy coins when they are green and sell your crypto holdings when they are in bloody red.

4. Buy Shitcoins

• You're probably too bored trading Bitcoin and other altcoins already because whatever you do, you're not gaining anything. So to lose the capital you still have left after following the 3 strategies above, it's time to jump into buying shitcoins that have no potential to grow in the market because they're just created to scam investors. The best time to buy shitcoins is when they are already pumped big time. When your gut feel tells you it will give you 100 to 1,000 times returns, that's when you buy it. And the next thing you know, the token you bought is already rug pulled.

When you already lost all of the fiat money you've converted into crypto and the only thing you have left is a bag of shitcoin that doesn't have any value, then it's time to give yourself a round of applause. Job well done!

Now, when you have enough fiat money to lose in crypto again, just follow the four strategies I have elaborated above.

Good luck and may the odds be ever not in your favor.

Okay, you can laugh now. 🤣🤣🤣