There’s this shitcoin called CPO on pancake swap which was shilled heavily on twitter when NFT mania was on peak. The staking APY was high so it looked attractive to me. I invested $500 at $0.50 last year. It looked like a good investment when it hit $0.62. But it fell apart after that. It kept dumping until I stopped looking at my investment. Yesterday I opened my kucoin account to see and my investment is worth just $50. This was my first 90% loss in crypto or as they say my first 10x but in reverse.
I had 20x in ICP
>which was shilled heavily on twitter
I would’ve stopped right there.
As soon as you pull it out, it’ll boom. That’s the way it usually works haha
500 is still much better than 5,000 or more
ONE OF US
Ouch, why didn’t you get off the sinking ship?
I made 20x on a shitcoin in both the directions.
You’re lost buddy, the people in r/wallstreetbets would be proud of you!
I hope you learned your lesson, stay away from shitcoins.
That $500 could have bought you one gallon of gas
F
F
Still better than nothing
Ouch. Did you do any research of this a matter of fomo?
If you did your research, what was your conclusion at the time and how different was the reality?
This is why high APY is more often a trap. All the coins you earn will be less by the time you have access to them than your initial buy in. If something seems to good to be true, it usually is.
At least you don’t need to worry about tax.
This is why I stay in the top 20, cept for Harmony but that’s the single coin I venture for now.
So we have to find the X10? I thought we was.aiming for ÷10.
I always have less the yesterday and think I was doing right
Hype will hurt you.
There is this crazy little known investment strategy known as a stop loss. You see, what you do is…SELL!! And stop getting investment advice from social media sites.
You would have been fine if you just bought bitcoin and held. Lmao… when will people learn?
I watched a Metaverse project I invested $200 in drop to around $50. It’s part of the game I guess, doesn’t stop is from betting more lol. Just got into the Hyperdex presale and I have the mindset that anything can happen. It can go in to become the next gem or tank to 0
I bought cro at 0,32€, not selling until at least 1,3 €
I mean, it sounds like you did absolutely 0 due diligence
Amateurs…don’t make me talk about my ETC 🙁