RE: Have You Ever Been Duped Into Doubling Your Money?
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Greed, and I’d add foolishness. But in the end, that guy bought himself some experience—though it cost him dearly, he’ll remember it for the rest of his life. That experience is priceless. Most of the time, we learn life’s lessons when we have to pay for them. If a person doesn’t pay for their lessons, they tend to ignore them and go in circles.
That guy had neither the theory of how it works nor the practice. If someone gets into something serious without theory or practice, it’s likely foolishness—and it will hurt. Practice without theory is dangerous; you’ll get bruises. And theory without practice is useless.
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I agree. When we don't truly pay, then we hardly learn. Sometimes we pay with irreplaceable things, sometimes things that can be replaced. The lessons are hard when the loss is unimaginable and huge. He's had to learn the hard way and sometimes the hard way is always the best way to matter how cruel it can be.
I think if he had taken the time to learn, there's no way he'd be getting into that stuff with 3.7M, that's a lot of money on something you probably don't know how it completely works.
I think this year, the cryptocurrency market will be filled with similar cases. People will imagine themselves as market masters and start investing sums that are irrational for their circumstances. The guy in your story got off easy—he didn’t lose his last money, and he has the skill to earn more. It’s much worse when someone saves money for years at a hard job and then loses it in forex, cryptocurrency, stocks, or gambling—it doesn’t matter. That’s a problem of mindset.
You have interesting posts. May I ask, why do you publish them in a community where the language is Italian?
You're right. This year, folks will do a lot of crazy stuffs with crypto. However, I even feel that crypto will have lesser damage effects more than what this guy actually dipped his fingers into. He's a popular comedian in Nigeria and in 5 years, he'll probably make the money he has lost if he still has the relevance to do so.
He worked hard, but was just stupid to lose it in that way..
Oh, this is an Italian community truly, but it's allowed for me to post here. I know the folks here, and I like it here too. Plus, I'm using the Leofinance interface inleo.io to actually post.