Noone here has been JUSTed more than a friend of mine

Blog here, but I've wanted to share this guys story.

I buy BTC at 3k, it goes to 4k so I tell my friend about it. He starts buying with fiat.

I learn about alts, start buying alts, get him into alts. (Raiblocks and Ark mostly, he chooses XRP on his own)

Dude buys the dips, gets up to 2 BTC, gets a trezor, I tell him exactly how to protect his coins. During the bull run of Nov-Dec one of our mutual friends gets into BTC and sends some to bitgem.biz cloud mining scam. My friend sends a FULL Bitcoin to the site and can't withdraw it. When I looked at the site, it was clearly a scam.

Dude was devastated, suicidal, etc.

I now know that after BTC hit 10k he started buying on credit card and racked up about 20k of debt, even though I told him to never buy w credit and not invest more than he could lose.

Leaves nano on bitgrail, loses it all after I told him to use raiwallet.
Forgets where he wrote Ark wallet mnemonic seed.

A few days ago, he had $1800 worth of crypto he could access. He tethered everything at $6200 after I told him that I'd never ever fuck with tether near the bottom.

Dude has $1800 worth of tether, $20k credit card debt, not to mention all the fiat he put it.

This is why you don't tell people about crypto. You can ruin their lives. I'm never recommending it to anyone ever again. Even though I never made him click any buttons, I introduced him to crypto and I feel guilty every fucking day. I am down $200k since Jan but still above water and I can't even hang out or talk with my friend without feeling immense guilt and like I ruined his life. If I ever make it, I'm gonna pay off his debts because this guy was my best friend, always there for me and now I just feel like garbage realizing what I introduced him too. This also shows how normies aren't cut out for crypto. FUCK

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>being friends with sub 85 people

To be fair it's a specific personality type that jumps on all and any get rich schemes.

I know I guy that bought Bitconnect even though I told him it's a scam. So I'd say he got JUSTed more than your friend.

Never. Tell. Them.
>user, my coin is down. Will you cover the difference?

I don't see how hard it is to just invest around 5-10k in good projects with a strong usecase, hold for 2-5 years, then cash out.

>worst decision of my life

Would’ve been plausible if you didn’t put the meme words in there

LOL
L

nggees

Did he buy with credit though?

My friend now has a -17200 net worth because of crypto.

Going to zero is better than going in debt.

Why are clinically retarded people allowed to have money anyway?

Your friend’s an idiot

Not your fault that he invested in a scam, left crypto on a shady exchange, and forgot his seed phrase.

Those are like the 3 basic rules of crypto:
Don't invest in scams or stuff that looks to good to be true
Never leave coins on an exchange unless you are willing to lose them
Always write down your seed phrases multiple times or memorize them

A tale of a fool separated from his money.

Oh yea and I forgot the worst of it all, buying crypto with a loan.

I know, and I advised him accordingly. Doesn't change the situation, or the fact that I feel responsible for introducing him.

That is why we have t(dot)me/rektplebs channel on Telegram to spread awareness to plebs who buy shitcoins and got rekt.

>not encoding your passphrase in 12 pieces of custom made, abstract art throughout your home.

never gonna make it

Its like having a beer man, some people turn into alcoholics some people can have one and be fine with it.

Whats JUST'ed mean

>hold for 2-5 years
This is the problem. These people aren't looking for investments. They treat crypto like scratch-off tickets. They're degenerate gamblers who are addicted to the rush of trading. And they lose their ass.

Yeah, I never taught normies about crypto even during the mania because I knew how dangerous it was lol.

They all kept asking how to get started.

I told my online friends that I daytrade crypto, they are now extremely butthurt since I showed them my 500%+ trades from the recent bullrun

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AHAHAHAHAHAHA.

20k is nothing. It's the 30+ boomers who put their entire lifesavings after decades of wagecucking who are truly suicidally JUSTed.

tfw cant retire or pay medical bills because of some devalued internet mickey mouse money. JUST

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Well, crypto is not for the weak, seriously. The whole financial world isn't. As a weak guy you will be culled if you are not smart enough. Being stupid enough to send your funds to the wrong address included. Don't play the game without having a brain and some experience.

>Dude sends a FULL Bitcoin to bitgem.biz
>after BTC hit 10k he started buying on credit card and racked up about 20k of debt
>Leaves nano on bitgrail, loses it all after I told him to use raiwallet.
>Forgets where he wrote Ark wallet mnemonic seed.
>A few days ago, he had $1800 worth of crypto ... He tethered everything at $6200
You can't make this shit up. Why are you so guilty? He's a dumb fuck and natural selection is only doing its part.
All he can do now is get these $1800 on some low cap shitcoin with potential and hold. Crypto won't be dead forever. In the meantime, he has to get his ass to work to fix his financial situation.

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also why did he think he was making a smart decision by going all it at the speed it was going up...greed is the downfall of most in this game.

wtf i hate crypto now

>Why are you so guilty?
because the guy is obviously one of his best friends
hard to explain to someone who thinks the other wankers in a fucking discord are "friends"

Sounds to me like he's the kind of person that would have gotten scammed anyway. Also, while we're on the subject, he's the kind of person that governments are meant for. When various officials say don't buy crypto because you'll lose your shit, they're addressing these people.

Suicidal over 2 BTC? Lmao how fucken poor are you cunts that you'd lose sleep over that.

Even 20K credit card debt, with any wage cucking job if you're not a retard you can pay that back in less than a year.

>implying 90% of /biz does'nt consist of these kind of retards

Not your fault. He's the type of person that would have fallen for any get rich quick scheme that came his way, and there's no shortage of them out there. No different than a gambling addict.

Still, there's a world of difference from buying link to outright sending coins to macs.freewebs.ru

Just wait until you hear the 60 yo boomers who mortgaged their house during the 1999 boom

send him this and never speak to him again and go sucker in more people

youtube.com/watch?v=9rx0eqQl8wk

its not your fault the guy is stupid. He knew he was getting into speculative new tech. If he couldnt do even basic research then he had it coming. Dont be so hard on yourself user

Dyor pleb. Obviously if your friend was a smart Chad he would’ve bought BCH

What did he mean by this?

>good projects
user, I...

i went to 0 and feel like shit. But thinking of all the retards than went into debt for this shit, makes me feel a little better lmao

Don't need the projection, I actually have close friends too. But I'm sure as hell I wouldn't be feeling guilty if they did things against the advice I provided and all went to shit.
I'm with OP in the "I hope I make it to help" part though.

>he thinks these are "investments"

I guess my profits have to come from somewhere

good story good advice. never mix money or investing with friends or family

By good projects I mean projects that have good usecases especially in regards to smartcontracts.

For example, ETH had an excellent albeit highly speculative usecase...but a 5k investment would have yielded 8 figures in 2017. This is what I mean buy my previous statement, find a project with a good team that makes good use of blockchain technology, invest around 5-10 grand and hold for at least 2 years.

Go all in on ark, you say?

the problem is he's retarded, it's not your fault he gets himself scammed as fast as possible and uses his credit card irresponsibly.
if you introduce someone to driving and then they take the car out and get killed driving like a piece of shit it's not your fault. you did him a favor and he took it and shitted all over it.
he knows he's supposed to be diligent, run his decisions by others, do his research, etc.

Don't know much about ark so I cannot give a good answer.

Tell him to buy nimiq, thank me later

>not acquiring most of your crypto through mining and trading from 3+ years ago

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im afraid you're one of those sub 85 people my fren

>buy nimiq
>ID literally says "joke"

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fpbp

People say becoming a doctor is lucrative. You don't see me trying to be a doctor and Fucking shit up.
It's nobody else fault but his. You never forced him to buy. Fomo got to him and hopefully he learned a lesson. Not any of us, cause it's his problem.

WHAT IS JUST? I CANT FIND THE ACRONYM

Oddly enough Jow Forums preps you good for this type of shit, you learn to trust little and be more aware. Fuck that's a shit story.

are you new to biz?

$1800 will buy you 7200 LINKs.

hold for 1-3 years and he'll end up with $72k - $720k

JUST FUCK MY SHIT UP SENPAI

joke joyk

This. Tell your boyfriend to be a man and ante up.

NO WONDER I COULDNT FIND IT.
Thanks. Many profits for you.

>When your friend is so good he showcases your series of retarded decisions and failures to the singaporean spearfishing imageboards just so he can get replies and maybe comfort total strangers around the globe
So this is the power of friendship...wow

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>laughed
>remember I'm 16k in debt student loans

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At least you have something to show for it.

I think we can all agree we have lost money on crypto at some point?

For me it was 2 BTC on butterfly labs in 2013

>this
OP its like you gave your retarded friend a gun that shoots inwards

How much do you have now?

>Not silently reciting your seed phrase in your head every morning and evening
Hmm, still going to make it, but lazy. The human mind is an amazing piece of machinery, even something as simple as memorising a sequence of random words goes some way to using more of your potential

This is all it took me to memorize it and now I'll never forget it. I have a backup copy in a fireproof safe in a discrete location in case of emergencies.

My nigga. I've got my seed phrase generated by using words off of a page of an old book I have. Makes me feel like I'm in an old spy novel.

i am literally shaking

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>This is why you don't tell people about crypto. You can ruin their lives. I'm never recommending it to anyone ever again. Even though I never made him click any buttons, I introduced him to crypto and I feel guilty every fucking day. I am down $200k since Jan but still above water and I can't even hang out or talk with my friend without feeling immense guilt and like I ruined his life.
Lol, I warned you didn't I?
Imagine all the fags who shilled crypto to their loved ones around Christmas and Thanksgiving dealing with the fallout now...LMAO
We told those fuckers that the number one rule is DO NOT TALK ABOUT CRYPTO TO NORMIES, keep it to yourself and accumulate

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You failed your so called friend goyim, suppose you managed the money for him, much like a wise rabbi/broker. Imagine, you let the burden fall on your own self and spare him from his stupidity. You can take what ever fees you like heh, heh.

Goy should have been a more vigilent broker. If you save a goyim's meagre savings from a crash, he will forever call you wise rabbai and he wont ask about those fee's. he will trust. the goyim loves to trust, you just have to give him a good reason

>internet mickey mouse money
kek

He should have spent that $20k on miners but tbqh he doesnt sound bright enough to manage his own finances, which is fine, most people arent. Its why we have social security and banks on every corner.

You are to blame for this tho. You can relieve your guilt by imagining youd pay his debts back but we all know you wouldnt. Not sure why you would encourage something like this, I always tell my friends not to go into crypto and let them feel smart when the news tells them crypto is dead.

Threads like this are why the SEC is working hard to clean up the crypto space.

Like the saying goes , you should not invest if you can't afford to lose.

Is ChainLink a get rich scheme? I truly believe if it succeeds it'll be able to make the world a more equitable place to live and improve our standard of living far beyond what people can imagine. I hope I didn't invest in a get rich scheme because I believe in this mission on a philosophical and moral level. I want it to succeed not for my own gain but I truly think it'll make the world a better place.

Also I told my friends to invest in smart contracts. When they asked how I said google smart contract. Ironically they would have landed on smartcontract.com and if they really thought it was interested they would be able to figure it out.

>talking to normies about anything other than the most vicarious bullshit

heres a real pearl of wisdom for you, unless your friends mention it to YOU first in an intelligent capacity, dont bother talking about it further with them.

another great tip is to only be friends with people who have higher value and more experience than you.

Lmao how are they going to "clear up" some dumbass taking out loans and losing his wallet seed? Why dont they "clear up" predatory lending practices first?

Why do people buy on credit cards instead of using margin to leverage?

tell his dumb ass to invest what little crypto he has left into something like theaccountingblockchain.io/?aId=7543845-2892534 so he can get his poor ass unrekt

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>vicarious

that word doesnt mean what you think it means

i think the word you wanted was superficial

tell ur fren to an hero on livestream

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Sorry but he's in debt because he's an idiot, not because of crypto. He has no caution and no common sense, something else would of put him in debt eventually.

Lol not necessarily, you don't know what he majored in.