Hello guys
Hope you all are doing good. I’m humbled to be apart of this contest where I can once again share my dreadful encounter with scammers or fraudsters if I may. Just like every and anyone’s resolution for every year I determined to better my finances. So this encounter was a few year back but still haunts me till date. Over time I have encounter some more of heard them happen to others, but I keep telling myself that’s life, bad things happen and all we can do is learn from them and make sure it does not happen us or people we know any longer. Coming to think of all my previous encounters, it feels funny now how it all happened.
My first encounter occur in 2019 if I am recollecting correctly, and this is the one that pains me most not because of what I lost but because of where I would have been if I hadn’t lost my assets. So this was in 2019 where the price of BTC was still a bit moderate, I had been getting recommendation to invest in that asset so after sometime getting to September 2019 I started buying the asset over time where the price of BTC back the was $3700. So a was buying the assets for sometime into 2020 then I stop because we were investing into another project which is another story. In the picture below you can see that BTC shot up over 92% in 2019 to 2020
Screenshot from Google
So after investing I could see my profit doubling until a point where the market was falling back and it happens at this time where I seriously needed money to complete a project we were working on. So I decided to take the profit made on my investment in BTC to solve that finish the project so that I can focus more on investing into BTC so as I finally made up my mind. I went into my wallet check the balance calculated my profit and capital which was almost equal, at this time I was using PAXFUL wallet so I proceeded to withdraw the profit which a bit substantial.
So here’s what gets me, I have done minor sells and buying on the platform plenty times but this time round I was blinded with a good rate started the trade all not knowing fully about the payment method of that vendor. I figured as far as the platform has verified that payment method It should be cool so I proceeded with the trade and finished and waited for the money to reflect but nothing ever came. I was really angry and devastated at myself for letting that happen to me I was cooped up in my room for almost 3 days didn’t go to lectures. But finally I had to accept what had happen and find out a way to work things out so I went back to my wallet and withdrew almost all the money left to rather use of my project.
Screenshot from Tradingview
A few months after taking the money out in 2020 BTC shot up drastically as you can see in the screenshot above which made me super upset at myself considering the fortune I would had in my hand if I had not been scammed or hadn’t taken the rest of the money out. Till this date, that encounter still haunts me. But live goes on I learnt a lesson and wont likely fall into another trap like that. Hope every takes care and time during their transaction unlike me.
In summary, scammers are real and they are everywhere and that’s facts so my advice will be to be careful what informational access you give to people of who you trading with and learn that things happen don’t beat yourself up for doing something stupid because everyone does stupid things, but is your abitlity to come out of those things that matter.
So stay strong and stay vigilant.
Thank you for reading.