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

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 everything else and potentially the most uncorrelated ot any assets which was worthy of my collection where here I bought $50. Everything should have been well with this plan, but the devil came (note, my friend here is not the devil but just a description of provocations of bad choices).

I rarely express to anyone of what I have invested in, but my friend asked and he was interested in investing in cryptocurrency and demand to tell him of what I have bought or he will think that I left him out of being rich he said. So, I told that I bought $50 of $AMPL and the reason was because the unique concept of $AMPL and that it was one of the most popular defi coin at the time where even Coinbase was considering of listing. The other reason why I bought is that because it dumped and those on the sidelines may…