If you encounter any challenges or difficulties in the crypto world, do you mind sharing it? Also if you learned any lesson, it would be appreciated if you can also share them so that beginners like me will have an idea and not make the same mistakes. Thank you!
Failure to break even in mining. And an extremely severe dip in prices after investing in an asset
@tituskrit Can you please explain what do you mean by 'break even' in mining? Like what happened, did you invest on buying a device for crypto mining and you didn't get even with the cost?
@evcj_ Exactly. The initial investment plus power and general maintenance.. From my calculations I needed to bring two more rigs and maybe wait for two years to make a slightly reasonable profit. The hash rate was really low
I once had some of my bitcoin stolen through a shady online deal
Getting hyped for an investment then investing a lot just to see it go deeper than the Mariana trench. Fun times.
Crash in the value of a coin i had.
Other than the regret of not realizing what crypto was back in the day, and losing my password for the one that I was mining, I don't think I have any other bad experiences.
Not me but I know a few people that have been scammed. Lots of scams happening in the crypto world.
My worst crypto blunder? Diving into Shiba Inu because of FOMO. I saw it skyrocketing and thought I'd strike gold, but Instead, I ended up watching my investment crash and burn faster than I could say - to the moon.
nothing is worse than the LUNA incident in 2022. the coin collapsed to zero (from $100) in just a few days
@facebook-skibidirizz damn I have no idea about this but I wanna know more about it. What actually happened here?
I’ve learned to be super cautious with investments. It’s easy to get caught up in the hype, so patience is key. 😉
Scammed. Clicked on a link that basically emptied my BNB wallet.
@pkyonze that's quite unfortunate. How much did you end up losing ? I am always wary of links because of such incidents
