๐ Very Deceptive Youtube Video Enclosed ๐ฆ " How I lost $100,000 in Bitcoin, Litecoin, & Ethereum - Lessons Learned " ๐ฒDude made a Killing actually ๐ I'll break it all down for you ๐
Bitcoin was never even Purchased for 1 so why even mention BTC? His earnings where Immense and at 1 time His gains were over ๐ฒ 200 Thousand Dollars ๐ฒ
๐ You may or may not want to watch this Video so I'll give you a break down of this heartbreaking story. That leads to him never touching crypto again. Doh......So Sad for him and his 1/2 Million Subscribers ๐
๐ฐ Around Nov 7th he purchased 24 ETH at $303.00 for $7,272 and sold around Jan 16th for $1,000 a coin for a cool profit of $16,728 ๐ Plenty of reason there to never touch Crypto Again. LOL, Where is this loss of $100,000 he claims?
๐ As I mentioned above, He never bought any Bitcoin at all, So why even put that in the Title unless this Video is meant to deceive his viewers. And even had the audacity to list it first!
๐ So let's move on to Lightcoin...He made 3 separate purchases at $64 a coin then at $72 and again at $98 for a grand total invested in 529 LTC for $42,500 and a grand total of $49,772 in both coins. How can you loose $100,000 on less than a 50K investment? Sure beats the hell out of me?
Maybe this is what he meant....At 1 point LTC had risen to $417.00 and then worth $220,593.00 at this point he claims his life was hell, he was really uncomfortable and feeling irrational. Poor guy ๐ฉ That would have been around Dec 19th and while I don't remember him mentioning ETH it was worth $776.00 X 24 = $18,624.00 for over a 10K gain! and on Jan 13th had hit an all-time high of $1,400.00 worth $33,600.00
๐น What was the Title of his Video again? " How I lost $100,000 in Bitcoin, Litecoin, & Ethereum - Lessons Learned " Poor Bastard! Let's watch and see how this tragedy happened....No, the Title tells it all, no need to watch, Everybody lost there ass's who bought anyway, Right?
What a terrible experience for this guy. If he would have sold his ETH & LTC at their peaks his 50K investment would have returned $254K USD! So what the Title of his Video should say is, " How I lost $100K of profits from Buying Crypto and not selling soon enough to be happy "
###โHow did I even find this Video you might ask? It was suggested by Youtube as something I should watch. LOL, why a 2 Month old video? Strange to say the least.
๐ฒHe also claimed he made $30K day trading in about 5 Hrs! In any case the video is full of inconsistencies like when he claims he had like 300 LTC but doesn't remember how much? ( that was the only coin he was watching, LOL ) Claimed he was really upset when LTC was over $400 and relieved when it started to fall because it was too much money for nothing and he didn't earn it? Now he is done with Cypto and would rather work than profit from crypto. LOL what a joke.
Maybe you can figure out something I Missed? I Love comments, and would like to hear your opinion on this video. Pure FUD spreading if you ask me, Just look at the title and screen shot!
Hope you enjoy, Have a Great day
What an idiot. A loss means you bought high and sold at a lower point. You can't count paper gains that then disappear because you choose to hold for more gains and the market turns.
Right, the dude is a fool but has over 500K subscribers! and the heading implied big losses in Bitcoin, Lightcoin & Ether. FUD at it's finest! Wonder what his motivation was?
motivation, 500k subscribers is worth around $100-300k a year. So pump out some bullshit with extreme titles for clickbait and rack in the profits.
True that but why not say how I made 100K buying coin during the rush! much more exciting title but maybe would have been flagged by youtube?
Bad news is eaten up and accepted almost automatically by the public who likes to confirm their fears.
VS
Good news is viewed with skepticism as people don't want to trust you.
It's odd how if I give negative news someone will likely trust me almost instantly, but if I tell them something good they will look at it with a untrusting eye.
Plus you would need to look at his audience to understand his title further. If they eat up negative news and that is all he peddles then telling the truth that he made money wouldn't fly. Heck the fact that he had to claim making a couple hundred grand without working tells you that he is peddling his shit to people he feels wouldn't like the idea of him making that much money....yet he does from youtube.
My Mom just told me about a Daughter of someone we know that is 14 and has only 60k followers. She made $26k on youtube last year. She wanted to know how we can get into this...lol. I pitched her an idea, "Hoarder to World Traveler". They seriously are on the brink of being hoarders, but would love to travel the world. So I told her sell everything over a 2 year period and then take off.
I'm taking a serious look at doing this also. Figure that if I could get a good enough following over a 12-24 month time frame to make some money each month it would be so cool to travel and meet a bunch of Steemians in person from all over the world.
I certainly hope Panama will be on your list of visits ๐ I've met a great bunch of people in Panama already. And looks like I'll have a sailboat soon to take people on Pacific tours. We have a BlockChain Embassy now and regular steem meetups, But I don't get to the city often. @hilarski saved my ass last week and emptied his pockets for me when my buyer stopped cash buys unexpectedly leaving me in town almost broke. A very nice couple, He and his wife @anahilarski
Together we stand, divided we fall. ๐
Oh you know I'll be making my way to visit you! If I can make this plan work it will mean 2-8 weeks per area based on money. Some areas are much more expensive to stay in then others, but longer I can stay less flights to take and they are really the biggest cost of everything.
Would try to find a furnished place to rent each place we visit that will do short term without being insanely expensive. Would want a way to cook some meals to keep costs down.
Other then that I'm pretty easy to please. My Wife might add in some other requirements, but the idea would be to live a simple life filled with experiences vs a life that revolves around stuff.
My Home is Your Home for as long as you like anytime. Should meet all of the little Mrs requirements.
For future viewers: price of bitcoin at the moment of posting is 7494.30USD