My Journey/frustration with ALTcoin my FOMO got me here....

in #crytocurrency6 years ago

fomo.jpg
I just wanted to share a short story about my frustration and struggle with ALTcoin or you can say Cryptocurrency in general, i am not upset that i got myself into to crypto i believe its the future and some projects are seriously interesting and i can see them being part of our future.
my frustration is first i missed out on a great opportunity July 2017 when one of my friend called me from north carolina and told me about this new crypto currency thats on rise name LITE coin and Ethereum .
litecoin.png ETH.png
i did not paid any attention to what he was telling me i was like come on dude this is a waste of time focus on setting up a business or something that i can invest in with you .june.png
he didnt really brought enough info on this stuff and i was too focus at work to even give crypto currency a second of my life what a mistake that was , 6 months later when the cryptocurrency market exploded i looked at LITE coin and Ethereum prices and i wanted to shot myself.
so with the fear the of missing out aka FOMO i bought Ripple as my first crypto currency at $.90.
then i bought NewYork Coin at a very low price.
DU5yEflU8AELtYC.jpg
the same friend who mention LITE coin and ETH visited me and we start talking about crypto currency and how him and his brother made around $50,000 with ripple.
Now that Spark my interest in Crypto currency my luck or you can say bad luck that my interest sparked when the market was on it highest point i am sure alot of people got into cryptocurrency around that time..
my friend introduced me to this uprising coin called TRON and XVG when they were around 5 cents and without doing any research i bought bunch of TRON, Verge,steller and more ripple.
maxresdefault (1).jpg
and at that point i really got into cryptocurrency what inspired me even more was one of my employee put in his 2 weeks notice because he made over $200,000 with crypto currency and he wants to be a day time trader that why he is leaving his job.
come January i start buying more crypto currency and got obsessed with my portfolio which i created on block folio i cant stop looking at it all day all night thats all i was looking at.
Now that was the time i start watching youtube videos and all i was talking about with my friends and family was just cryptocurrency got alot of people into crypto speacially ALTCIONS.maxresdefault (2).jpg
i start following the currency start reading about the concept behinds the crypto currency and what is possible what not
around mid January i got into over 15 coins invested small investments in bunch of different currency and then this happened...
Everything start falling apart from point on crypto got hit with chinese New years celebration first
chinese New.jpg
then alot of FUD around crypto regulations alot of countries start banning crypto currencies such as China, India, middle eastern countries and more ...download.jpg
Instead of just hodling my currencies i start flipping out and sold most of my ALTCOINS and the day i sold all market start stabling the same night FOMO kicked in and i went back and bought same ALTcoins again lmao.weak-hands.jpg
Now i am even more obsessed with cryptocurrency, i remember this word to word when my Assistant walk upto me and asked me i use to gamble back in the days and my answer was yes he was like you are back to doing Gambling again but now instead of casino's i am doing that with cryptocurrency.Crypto-Games-ngpcsm7m6jn0aqnn81txm8ve8hu0rg7os2yc8yv50q.jpg
Now in reality that was so true it was like a addiction i couldn't stop buying and looking at my portfolio.
comes Feb i bought even more thinking that once the chinese New years is done ill be up and good to do which did not happened crypto currency kept moving down wards...crashh.png
i kept buying more and more at this point again without doing indepth search about the coins i start listening to youtubers again another mistake more that they were entirely wrong but the market had other plans.
Then i came accross a pump and dump group on Discord and i start following them i didn't participate in any PUMPANDDUMPs i just kept up with that they were doing and that was the most disheartening thing i came across the reason why it was dishearted is that this munipilation of coins seems to be another reason with Newbies like me were FOMOING in to coins most of the time.
i looked at the coinmarketcap.com and go buy the coins thats doing great even with thorough search it seems like the ALTcoins could make me serious money.
Now Around the same time my wife found out thru my bank statement how much money i invested in crypto she asked me to show her my portfolio without thinking anything i opened it infront of her which made her lost her mind she got upset with me knowing how much money i have lost in ALTCOINS crypto currency.
i explained to her that i am investing in our future this is the future convinced her with my sales skills that this is temporary i will be up very soon cryptocurrency with boom its the future and ill be making loads of money from it.
who was i fooling in reality i was seeing crypto currency going down every minute every hour and everyday.
now in all that craziness one great thing that came out was steemit.com..DQmekc3K7otNMZauErUeqCkhWDkwSf1b5WKwegq7gdbvDEA.jpg
#steemit really open my eyes and brain to a new wave of investment and platform. i did more research on it and found out that this is a platform that pays you for creativeness your thoughts your every day activity and alot more.
i promised my wife that i will calm down on investing more money in crypto and work more on steemit to create a different way of earning .
right now i am at 50% lost of my investment in crypto probably more then 50% but i am not worrying about it anymore i am just HODLING on to what i have and watching the market every day every hour and every minute while also focusing on work and my family .
the reason i am writing this post is 1 i want to look back at this post which wont let me forget where i started and where i cam from . 2nd i want to share my thoughts and frustration with my fellow steemians .
right now i am happy where i am and investing money in coins smartly i read about the coins before i invest i try to read charts before i invest and the most important reason why i am writing this post is because i love steemit and i think its the best platform i ever came across that helps people with no investment.
Its March 14th of 2018 and i want to remember this date because i believe in crypto and i believe it will go long way.
my suggesting to all the crypto currency enthusiasts and people who are thinking about going into crypto is just be patient dont have weak hands ..
dont be greedy stop this #pumpanddump sh*t i am getting tired of this .
PandDDef.png
i am tired of strategic FUD images (1).jpg
lets make this future brighter this is what out kids and their kids going to be utilizing alot of crypto currency have great use dont let this die down please.

Sort:  

Good post dont be hard on yourself this happens with crypto just dont sell them that lock in your loses. I heard about bit coin 2012 and did nothing then was going to buy in 2015 but did not finally i got my lazy ass in at 2017 in july. This is life no one can predict the future but Bit Coin looks a good bet. Other coins more risk but more potential upside just hole on if you can. the

Thank you so much for your words of encouragement and wisdom @newmarket65 .
I am holding on to these coins as u mention but this platform is truly amazing and full with successful people like u or brandonfrye i want to learn this platform thru influencers like urself and others. Follow me if u can plz

I can appreciate the openness and sincerity that you put into this post. And don't worry, many of us have FOMO'd into coins without doing enough research. I hope that you'll hodl for the long-term now after seeing what happened on that dip. If you don't sell your coins.. then you can't take a loss. :)

And that's one thing I love about Steemit. There's not risk... at all. Unless you're betting the farm on Steem to go up and you purchase more than you can afford in SP lol.

@brandonfyre thank you so much for reading my post i am in disbelief that u actually took time out of ur important busy life to read my post this is a huge encouragement for new #steemit users like me

You got a 1.43% upvote from @allaz courtesy of @ychaudrys!

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by ychaudrys from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

sneaky-ninja-sword-xs.jpg
Sneaky Ninja Attack! You have just been defended with a 2.28% upvote!
I was summoned by ychaudrys. I have done their bidding and now I will vanish…
woosh


P.S. If you or anyone you know has been a victim of @grumpycat please know that he has been harming people throughout Sōsharumedia (ソーシャルメディア). Stealing the service that I (and other bots) have provided them and hiding behind a facade of stopping bid bot abuse which he clearly has no interest in.
Sneaky Ninja is a very responsible bot, working directly with steemcleaners, actively pursuing spam and abuse on our platform. If you would like to see what steps Sneaky Ninja has taken to fight bid bot abuse see this post and this post. Also know that I am working daily on other solutions.
If you would like to know my personal take on bid bot abuse and why I do not agree with the 3.5 day rule, see this post

Grumpycat is a villain that must be stopped to protect our freedoms here on steemit!

resist grumpycat
There is a resistance that has formed to counter his tyranny.

If you would like to take an active role in stopping this menace and helping other victims like yourself...
Learn More Here
Kusari-Profile-small.jpg

I have also summoned my love, Kusari to offer some limited help to victims like you.
See Here

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 59099.74
ETH 2639.21
USDT 1.00
SBD 2.49