From $3000 to $50k then lost $40k in less than a year.

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From $3000 to $50k then lost $40k in less than a year.

Started “investing” (more like gambling) in crypto I think around June 2021, , first month I invested only around 400$ , made it to 450$ (didn’t do any real gamble trades or anything first month, just bought some top projects and luckily most of them went up a little that month). Later on added around $2.5k , so I had around $3k portfolio that time, Tried to do some riskier trades and made even 100$ a day and I got greedier and greedier taking more risks , did some all in gamble trades with coins like shiba and managed to lose 50% of portfolio and was sitting with around $1.5k then I moved fully into Atom (Cosmos) ecosystem. I was fully focused on new coins of cosmos, long story short I made 3 insanely great trades/gambles and made $1.5k to $50k+ :

  1. Bought neta at $1200 sold at $2500. And did many arbitrage trades after that made almost 5-6x my money. I think I had around 10k$ or something that time , but you guessed it right, I lost $3k again by buying some shit coins but overall I was in profit

  2. Then bought a coin called Hope when it was just released , bought with 100$ and sold with 300$ in just few mins . That shit went from $1 to $20 , I bought at $1 but sold at $3. Anyways I thought it’s just pump and dump so moved out asap, by then I have seen and traded many new coins so I had some ideas how to gamble with them . But This coin was different, next day I woke up and saw it’s holding $20 range (usually new shit pumps and dumps hard) .. anddd I went all in at $22, insanely risky .. but luckily it went to 100$+ and I started selling from 50$ all the way up to 100$. Now I had almost $20k, buy ya then lost a lot gambling with newer shit coins, but I was still $15k.

  3. This is the last insanely lucky trade , a new shit coin called bfot came out , it was 100% dpr (if you staked 1000 bfot next day You would get 1000 bfot reward) sooo… you guessed it right I went in with $8k and staked it , next day bfot price went from 2$ to 0.3$😂😂 I was like oh shit I fucked up this time . Anyways I kept selling rewards , getting 1-2k$ daily .. luckily bfot went to 7$ in next 7-8days , not only I got insane amount of rewards but my initial investment did 3-4x , I sold everything and my portfolio was 50k+..

Downfall: Since I was trading in osmosiszone and junoswap, all my money was in ust , in those dex ust was the most used stable coin , I saw ust depeg and sent my stable coin to binance and lost but I lost like $3k, even tho I was losing and gaining $3k very often this time I was more upset coz losing with “stable coin” sucks , I did few revenge trades and ust and Luna and managed to lose 40k$ before I gave up and took lose 😂the end.

submitted by /u/Suthekingg
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