I'm a 27 year old who had spent thousands on crypto, and I don't really know what most of it does.
In early 2021, I was working with this teenager (I own my own small painting company he was a laborer in another trade) who had bought tons of doge the year before. He started going nuts at lunch because his Doge went to 6 cents, and he had made THOUSANDS of dollars.
I had heard of Bitcoin and Doge and whatnot, but I was never risky and didn't trust it. Well, that all changed really quickly when he told me it would probably go to a dollar and the FOMO set in. This teenager had like 10k just sitting in his account because of some stupid coin? Of course I wanted in.
I bought a little DOGE on Robinhood and doubled my investment IMMEDIATELY. Then the flood gates opened, I bought a ton of DOGE and paper handed that bitch like 50 times losing and gaining money every other day. I eventually sold near the top and made a decent amount.
I got on Reddit to look for advice and other opportunities during the bull-run (Absolutely Genius Right?) because it seemed it was a crypto friendly community with lots of information. So I got pulled into all these different coins but made sure I "did my own research" even though I don't know what half of the shit on the white papers mean.
I ended up buying BTC, ETH, AMP, MATIC, SHIB, and a few other coins. But the one I was hyped about was LRC. I ended up buying a ton with all the GME hype and got left with a decent but not terrible bag. Still holding to this day.
I've been in this community for over 2 years and I have thousands invested in things I knew little about because some teenager made some cash overnight. I am still learning and it seems most of my investments are good ones (I sold SHIB high and made a bit) but I still feel like I know nothing about crypto and just FOMOed my way into most of it. I have a few moons, but I don't even know what they do or how I originally got them? Now I'm making myself learn more, I'm just dumb cuz it hurts my head. Anyone else lose their wits when people around them were making money? And what did you invest in?
TLDR: I FOMOed into crypto because of DOGE hype, without knowing anything and am now forcing myself to learn more because I have thousands invested in things I know little about because i was addicted. Did anyone else find crypto this way or are you all just smart people?
PS: I'm friends with that guy now and he never sold any DOGE because he thought it would reach a dollar. He told me he could have had almost 130k at the top and now he's almost back where he started that day at lunch. Wild
EDIT: Seems like most of us are in the same boat. I just got lucky on some investments and am still holding and started DCA a while ago.
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