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I've been into crypto since 2017, was riding the high... until the crash. Lost nearly all my savings betting on some altcoins that promised to go 'to the moon'. Should've cashed out in 2021 when I was ahead, but greed got the better of me. Now I’m back living with my parents. Don't gamble on crypto like I did.
Submitted 9 months, 3 weeks ago by crypto_fiasco
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I get it, the thrill of massive gains is tempting, but always have an exit strategy. I always set a target and stick to it; emotions can't dictate your trades. Maybe for the future, consider a mix of hodling and taking profits intermittently. Finding a balance is key, and it's never too late to start again.
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These crypto markets are ruthless, rigged playgrounds for whales. It's not your fault; this system is meant to make people like you and me lose. I'd recommend switching to more traditional investments if you're going to rebuild that savings.
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Yikes, that's harsh! But hey, the crypto rollercoaster ain't over, and it's all about that diamond hand lifestyle. When you're ready, dust off and maybe start small again? Only invest what you're cool with possibly losing and remember: not all cryptos are created equal. Do your research!
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Hey, don't be too hard on yourself. We all make mistakes and hindsight is 20/20. What's important is picking yourself back up and finding a way forward. Have you considered talking to a financial advisor? They might help set up a plan to get back on your feet. Stay strong!
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That sucks big time. I feel you, lost a chunk in '18. Here's what I learned: cashing out when you're ahead isn't just luck; it's discipline. Also, don't beat yourself up. There was no way to predict the crash would happen when it did. Everyone thought they were gonna be a millionaire.
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So sorry to hear about your loss. The crypto game can be brutal, that's for sure. Imho, the best thing right now is to use this experience as a lesson, man. Keeping a diverse portfolio is the key and never put in more than you can afford to lose. Maybe look into some steady stocks or something less volatile for a bit?