Many underestimate the importance of risk management in crypto

However, this can lead to losing everything...

CryptoClarity 101

Jul 27, 2024

Before we start:

If you are still trading Sol memes manually then you are doing something wrong.

Let me introduce you to TrojanBot and make your life easier https://t.me/helenus_trojanbot?start=r-mister_right0.

$TROJAN is fully automated Solana trading bot and will be eventually airdrop tokens to its users

1/ market order + leverage = disaster

2/➫ Lending market

❍ A man took a $300K loan with $600K BTC collateral

❍ Due to indirect mixing exposure, his loan was called back

❍ Despite appealing, he lost over half his BTC, paid $6000 in fees, and $2500+ in payments, and was liquidated just before a price pump

3/➫ SafeMoon

❍ A man lost 4M SafeMoon tokens when they were liquidated from his wallet and sent to the Deployer

❍ He noticed wild price swings due to a lack of liquidity and heard it might be due to migration

4/➫ Gambling addiction danger

❍ Bob, in his mid-30s, lost millions on risky stocks after profiting from GameStop

❍ He took money from family accounts to recover his losses, worsening his debt

5/➫ Simple Trading

❍ A man turned 3 BTC into nearly 200 BTC trading, then lost it all through poor decisions and high leverage

❍ Starting with 3 BTC, he made millions but ended up losing everything

❍ He neglects relationships and school, regrets his actions, and warns others not to gamble away life-changing money

6/➫ Project’s Compromised

❍ A man lost all his money due to a security breach in Atomic Wallet

❍ Despite Atomic Wallet’s ongoing investigation and promise to update, the man demands clear answers about the security and recovery of funds, as many users are affected

7/➫ Investing other people’s money

❍ A 27-year-old man lost $1.5M trading crypto for others without formal agreements

❍ He is now in debt, having lost his health, job, family, and friends

8/➫ From Hero to Zero

❍ A man invested $60 in crypto, and turned it into $200,000, but lost it all through risky trades and gambling habits

❍ Despite making small recoveries, he ultimately ended up with nothing

9/➫ Naive

❍ A man invested $10,701.36 in a Coinbase mining pool, expecting profits but faced increasing deposit demands and penalties

❍ Now required to deposit 30% more due to security checks, he is unable to do so and seeks help to recover his funds

10/➫ Died cause of negative trade

❍ A 30-year-old South Korean man committed suicide after losing $100,000 in a failed crypto investment

❍ This is the 2nd such tragedy in a week, highlighting the severe impact of the Bitcoin crash on investors’ mental health

11/➫ Here are some key advices on how to avoid being into such stories:

- Educate Yourself

- Diversify Investments

- Invest What You Can Afford to Lose

- Set Clear Goals and Limits

- Use Reputable Exchanges

- Avoid Emotional Trading

- Look after your Mental Health

If you won’t to read more stories, check out this article I've made about Tomar Chirag:

Claim Your Free $GRASS Airdrop Now: Quick 5-Min Guide 🚨