NOT ALL GLITTERS IS GOLD – My regret investing in a shitty coin of no value

NOT ALL GLITTERS IS GOLD – My regret investing in a shitty coin of no value

In this crypto journey, learning never ends. As we keep growing in the knowledge of crypto, we explore new assets that we feel may be of value in the coming future. Oftentimes our pre-assumptions fail us and we end up learning the hard way.

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My Sad Experience

Not to bore you with many stories, I want to share my hard-way learning experience:
While in my beginning as a crypto trader, I had only one person who advised me on how I could go about trading - this was my elder brother. Though he's a skillful trader to say yet he didn't show his proficiency in this case. I had some amount of money I had been saving for months and I wished to invest the money in #crypto. I was interested in investing because that period was during the bull market and many colleagues of mine made a lot of profits. So, it got my attention and I had to give all my savings to my brother to help me invest.

Source

My brother began to advise me as a crypto adviser, meanwhile, I knew him as a crypto trader. He told me I could either gain or lose, and I accepted the deal. He went further to recommend a coin (shitty coin) that would earn me a speedy profit. Out of enthusiasm and impatience, I asked him to go ahead and invest.
Ladies and gentlemen, as we speak, I didn't gain more money, rather, the little saving I gave was gone.
Without diligence, I lost my hard-earned savings; instead of checking the fundamentals of the shitty coin, I ended up investing.
This is an experience I don't wish even my enemy to experience because the situation almost broke me down.

Conclusion

As a trader, you need to understand the fundamentals of each coin before investing in the coin. Instead of following what people say, do your analysis, Is it worth the risk? When answers come, then you know how to manage the risk. Meanwhile, as the lesson well learned, I intentionally did my analysis and began my investment in #leo token which I’ve currently staked over 1000 LEOs. I’m investing in it because of the fundamentals and it solves real-life problems on #web3. #leo token is a well-known second-layered token of #hive – which means #hive is a worthwhile token in a cryptoverse. As it stands I am a beneficiary of #hive and I have no regret being part of the team.
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LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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