What is the worst investment you have ever made?

1 answers


I invested $20,000 in bitcoin back in januar 2018 when it was peaking. I thought it was going to grow more and desperately made the investment. When bitcoin crashed a couple of days later, I was left with less than half of what I initially invested. Mind you, $20,000 is a lot of money for me.

It didn't stop there as I made more stupid mistakes. I thought that bitcoin were about to crash to a much lower amount that they were worth now and panick-sold all my bitcoin.

I pretty much lost $10,000 within a couple of days/weeks for being stupid. Had I not sold my bitcoins back then, I could have sold them now as they are on an all time high again, with 1 bitcoin being worth more than $26,000.

Don't ever panick sell and don't ever buy crypto when it's on it's alltime high. And if you do, always keep in mind that the market is probably going to crash soon but a new all time high will come sooner or later.

More questions