Imagine this, my friend, let's call him Juan, one day he tells me, "Damn, David! I'm going to get into this cryptocurrency thing, let's see how it goes." I, half skeptical, ask him: "And how much are you going to start with, millionaire?". And the guy, with all the faith in the world, replies: "With 10 bucks, man! If I lose it, it won't hurt me at all".
Well, nothing, Juan bought one of those cryptos that no one knew, one of those whose name sounds like a tongue twister. And the very lucky guy, hit the jackpot! The next day, the cryptocurrency skyrocketed. Juan checks his account, and surprise! Those $10 had turned into $50. Fifty! He was going crazy, calling me all the time: "David, we are rich! I told you! Let's buy an island!". I was laughing, of course.
The excitement had him on cloud nine. He felt like the Warren Buffett of cryptos. So, with that winner's confidence, the next day, Juan, without hesitation, took the $50 he "earned" and put it all into another cryptocurrency. According to him, "this one is the good one, this one is going to explode". The truth is it exploded, but in the other direction. The next day, when he checked, bam! The $50 had vanished. He was left with nothing.
He called me with a voice that sounded like a lament. "David, I'm broke... I lost everything!". And I, holding back my laughter, said: "Well, Juan, at least you learned something, right? That in this crypto thing, sometimes it's better to cash out in time". We laughed for a good while. And to this day, every time we talk about investing, I say to him: "Are you going to put in another $10 to turn it into $50 and then lose the $50?". We always have a good laugh.
$BTC It will rise to 120K before July. I believe