4 Lessons I Learned After Losing $45,000 In Bitcoin And Cryptocurrency Investment

I turned $8,000 into $45,000 investing in cryptocurrency in 4 months and lost it all. This was the lessons I learned.

The year was 2017. It was still a new year and Bitcoin – the most valuable cryptocurrency – was trading at $1,000. There was a speculation that the price of Bitcoin was going to hit the roof before the end of the year. Some predicted $10,000; the over optimistic ones predicted $100,000 for one Bitcoin. Well, by December of the same year, Bitcoin traded at an all time high of $19,700 – over 1,900% growth. By the early 2018, the price had fallen below $5,000. Within this period, the crypto market created many overnight millionaires, but majority of people lost a significant part of their investment.
I started investing in cryptocurrencies in the second half of 2017. But before I started, I spent about 6 weeks researching and studying about Bitcoin, cryptocurrency and the Blockchain technology. I even attended an all day Blockchain event that had big players in the industry delivering keynote speeches to hundreds of attendees. It was an exciting learning experience and I was convinced to give it a try.

I started with a few hundred dollars, and gradually increased to a few thousand dollars. I bought and held the alt coins I believed would increase in value over the midterm. Alt coins are other cryptocurrencies launched after the success of Bitcoin.

Within a few months, my portfolio grew to deliver more than 500 percent return on investment. Then I lost almost everything. Before I get on with sharing the lessons I learned from this experience, I’ll like to invite you to subscribe to After School TV and click the notification bell to keep in touch for more insightful videos like this.

Visit https://afterschoolmedia.com/ because we have more insightful content waiting for you.
—————————————————————————————————–
FIND THIS USEFUL? LIKE & SHARE THIS VIDEO!!!
SUBSCRIBE TO OUR CHANNEL FOR MORE VIDEOS LIKE THIS!!! http://bit.ly/2Epic2T
——————————————————————————————————