My 'genius' crypto investment turned into a $500 lesson in not believing everything I read online

So about eight months ago, I got this wild idea that I was going to get rich quick with crypto. I spent hours reading posts on some forum about this new coin, let's call it 'MoonToken'. People were saying it was the next big thing and would double in a week. I got so excited I put in $500, which was a lot for me at the time. I checked the price every hour for days, waiting for my big payday. It went up a tiny bit, then just crashed and never came back. Now it's basically worth zero. I felt so dumb for not doing any real research and just following the hype. Has anyone else lost money on a 'sure thing' investment they found online? What do you do now to check if something is legit?

2 comments

2 Comments

michaeladams1d ago

Welcome to the club, it's a rite of passage.

jake_mason301d ago

That club has a brutal membership fee. You pay it in lost sleep and constant worry. Still, you come out the other side a bit tougher.