Bad Decisions in Crypto world

 November 23, 2021 Article no: 88

Greeting Guys

I hope you all are having a fine day. I am also doing well. Just woke up and offered my morning prayers and thought to compose the article. Today my day is going to be very busy. Busy in a sense that today I had a consecutive class from 9:30 am to 5 pm without any break. Pray for me guys because today I had a quiz in my two classes. I am fully prepared for my quizzes but still, I am scared that I did anything wrong in my quiz.

P.s: I wrote this article in the morning time.

I read somewhere in the article of one of my mates (Don’t remember the author sorry) where he/she wrote that fear of your future is not giving you the confidence to become successful. I don’t know the exact wording but the meaning was somewhat like that. Same with my case, I mostly overthink too much about coming incidents like, whenever I am traveling from one city to other, can you believe in my imaginations I overthink about everything like about my accident, any other incident, etc. Well! If you have any solution to get rid of this overthinking disease then please let me know in the comment section.

Let’s come to today's topic, But before continuing next.

If you haven’t visited my previous article yet then do visit it first.

 https://read.cash/@Niazi420/failed-to-achieve-one-bch-goal-part-2-87c3c4d4

Bad Decisions in Crypto

Just about 6 months ago I was introduced to the crypto world. I mean I came to know about the Exchanges where we can buy and sell any crypto and can trade there. Before this, I was only aware of BCH, BTC, and ETH. Someone suggested I put your all assets on the Binance exchange app. I hope you are aware of this. That time I was only holding BCH in my Bitcoin.com wallet. I followed her advice because now it was easy for me to sell my assets to Fiat very easily. Then I came to know about other coins, but I didn’t know the value of anyone at that time.

She told me to learn TA before investing in any coin but as you all know it’s not an easy game for learning. You need proper focus and time to learn this all. That was not possible for me because I have to spend time here besides from this I have to focus on my studies too. Well?! I tried to learn the basics from YouTube and I also joined few paid crypto groups to learn the basics but I didn’t find any proper course for me. Because I didn’t know where to start from.

Coming to the point, she advised me not to invest in any coin before doing your own research but as you know me, I am always in a hurry. Hehe, so I joined a few signals groups on Telegram through YouTube while learning the basics. For the first week, I was only observing whether the signals of that group are accurate or not. At the end of the week, I observed that signals were 85% accurate and hitting their targets. 

After a few days, the admin of that group shared a signal of coin TKO which was newly listed on the Binance exchange. The price of that coin was around 2$ and he told a group that it will hit in the coming month 8 to 10$ easily. The minimum target was 5$. I became excited because if that target hits, it was giving me huge profit. I blindly invest my 200$ at his call and guess what market dumped at that night. Ahh, can’t tell you my feelings because it was my first time and I experience this. I lost 100$ in just a few hours and they are still in my trade. It’s been more than now 2 months and still, I am at loss in that coin. Don’t know it will recover or not but I thank God that I was in spot trading. So, I am not going to sell it until it recovers my loss and my initial investment. I don’t have regret anything because I learn a big lesson through this and I am happy that I am saved from a big loss.

I learn a lesson that crypto is not the game for immature people because if you jump into it without any knowledge you will lose everything. I learn that the words “Do your own research” are very important in the crypto world. Whenever you are investing in any coin no matter who told you to invest, no matter he is a pro or noob always do your own research. In this way, you won’t regret your decisions.

That’s all for today.

Ending Thoughts

Share your experience in the comment section. Are you also a trader? Do you make your own signals or follow anyone?

Let’s interact in the comment section. Thank you all the readers for your precious time.

Plagiarism                                                                                          

All words are written by me. This article is 100% unique.

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Have a good night

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