Weekend advice: study hard before you invest.
I am an expert at wasting money.
I think I could even teach a class or two for those who want to pursue a PhD in this science.
Almost every time I’ve committed this sin, it’s been in the attempt to make more money. And almost always, I’ve done it when I was under the greatest financial pressure.
I remember one of the first times I wasted money: I was learning about the world of cryptocurrencies. It was back when Noise Cash existed. This was a microblogging platform where you could earn Bitcoin Cash (BCH). Once the platform stopped offering rewards, I kept searching for another way to earn crypto—or at least make money with it.
That’s when I discovered crypto trading and the exchanges where it could be done, though here in Cuba not many people could operate them. For me, the task seemed simple: buy low and sell when the price went up. But I did the exact opposite, especially when things at home got complicated with food. Since I was familiar with BCH, I bought a certain amount. But while other tokens rose and fell, my chosen token only kept losing value.
At one point I sold it, and just a few hours later the price skyrocketed. You can’t imagine the rage I felt toward myself. I thought it was all part of a well‑organized plot.
In the end, ignorance made me lose money—money I had borrowed from my father, promising I would pay him back soon. How naïve I was. Luckily, today I’m more studious and much calmer. In fact, I do very little trading. I only buy at times like these, when everything has dropped, and then I wait for things to return to their level.
English isn't my native language. Text translated with DeepL
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