This is a tweet that features how people lose money. It is worth a quick look.
Could everyone do me a favor and comment below your worst crypto investment and how much you lost so everyone realizes that it’s normal to not be perfect?
— Digital Asset News (@NewsAsset) May 17, 2022
I’ll go first. I lost around $10k investing in zero exchange token because I missed their stupid token swap. *poof* gone. 👇
Some stories shared:
- Luna crash
- Tokens stolen directly in wallets
- Beliving YouTube shillers and buying ICP
- Rug pulls on meme coins
- Did not take profit
- Forgot password/seed phrase to wallet
- Lost due to token swap or redenomination
- Buying at all time high or near it
- Not sticking with projects with fundamentals
- Unable to withdraw due to not meeting the minimum withdrawal size
I am sure there are more.
This is nice food for thought. The list should be seriously consolidated to help us all.
Share your points in the comments.