What's the first way you lost money in cryptocurrency?

[Ja sa bong]

It's never possible to have a 100% win record earning money from cryptocurrency investment in any way of your choice. There will certainly be a bad when you'd lose money.

Can you remember the first way which you lost money dealing on cryptocurrency? How much was the first loss?

 

[Nomad]

First time i lose crypto was on a ponzi scheme. I didn't know it was a ponzi scheme and it looked a legit business model, they said they had a recycling plant in Poland and I was investing in recycling. However, I invested $100 worth of Bitcoin and got back my seed money, I continued to reinvest my profit. But when they closed, I lost $300 worth of Bitcoin. But that was the profit I made.

 

[Maya]

I haven’t invested in crypto yet, so I haven’t lost any money. I believe if you just invest in popular coins and hold your assets for a long time, you will profit. You won't lose money until you sell them. However trading or investing in shandy exchanges can risk your assets.

 

[uptrendfinancialsignal]

The first loss I encounter came from chasing hype coin that everybody was shouting about. I entered late, the market just dumped like they set a trap for me. It was a small money but it was very painful.