What is the worst advice you've ever been given? [WEEK 152]

Well, I find it a very challenging topic, more so when one responds, and exposes one's failures in public. In any case, I wonder, who has not given bad advice, or followed one received?

No one is without sin in this regard. Only the wise and prudent escape. And for sure, there are not many these days.

In any case, if one falls, the important thing is to learn from one's mistakes and not make them again in the future. Moreover, unfortunate is he who deliberately induces others to error: flee from them if you can identify them a priori. There are those who speak and believe in karma, and for sure, the evil they cause will be repaid sooner rather than later. So, do not do to another what you do not want them to do to you.

Please excuse the short preface before I tell you about my experience. But believe me, it is necessary to continue with the story. Well, the tale is not, although it does leave a moral.

One day in May 2017, I was approached by a colleague at the weekend street market set up in the housing estate to tell me, while we were buying vegetables, about Bitcoin and a page called Gladiacoin where one could double one's investment exponentially in a few weeks.

Yes, I know. A pyramid scheme based on referrals. What fool would fall into this trap? Guess who?

Well, back then a mixture of greed and need in times of hyperinflation, paved the way for me to accept my friend's investment advice without much resistance. He, euphoric, showed me on his cell phone the evidence of his own investment returns. The gleam in his eye emanated sincerity, and he believed, denying the risk, that he would earn more, incorporating more people referred by him, among whom I would enter, as indeed it happened.

Let me remind you that at the end of 2017, Bitcoin reached almost $ 20,000, and I had bought just over half a Bitcoin when it was trading at less than $ 1,700. Yes, it would have been a good investment if it were not for the fact that I let myself be convinced by my friend and ceded the half bitcoin to the company Gladiacoin. I never got anything back and neither did my friend when he waited for the April payment. We both fell for the siren songs of quick and effortless profits.

In short, I lost my money because I was ignorant and greedy for financial urgency. I learned that in the crypto world, you own the money if you control the primary keys to the accounts.

From my friend, I know that he had many problems and family arguments because of that stumble.

In my case, I think I was quite resilient. And with the little bitcoin remaining in my wallet he made back the initial investment with the December surge that year.

Yes, I followed bad advice, but from the bad experience, I later learned a lot about the advantages and threats that exist in the fascinating cryptocurrency ecosystem. Without that experience, I would not have made it here, nor would you be reading me.

Remember, in both the virtual and real world, sharks are lurking and many octopuses are out to get you. So evaluate extremely generous situations with a cool head and skepticism. There is no such thing as exorbitant free profits, there will always be a catch or a very large cost, which is usually yourself.