This is my Story and Lesson about my First Big Wreck in Trading Ampleforth

Fajar Purnama
9 min readDec 4, 2020

I was wreck $600 eventhough I have bought after the big dump because it turned out that the dumped had not finished. Slowly, it was still dumping a half price more and for once in my life, I sold at the bottom. Second to worst than buying high selling low which was buying middle selling low. This is my story:

It all started with https://www.publish0x.com/canuhodl/how-i-turned-373-dollars-to-7563-dollars-with-ampleforth-in-xzyroqm?a=4oeEw0Yb0B&tid=amplwreck which was the first time that I heard about Ampleforth (AMPL). I saw that it was on all time high and took article’s advice that it was a financial risk. After this was the biggest dump and I was saved from the worst situation but wait, I did not know there is still a second worst.

The worst came true, the biggest dump happened. It was at this point that I had my eyes on $AMPL. I went to its website https://www.ampleforth.org/ to see what $AMPL is and I learned that is a unique currency where mainly the supply is elastic that a deflation will occur when the price goes below $1 and an inflation will occur when the price goes above $1. The currency was different from…

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Fajar Purnama

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