I had my first Bitcoin in the mid of 2016. Nearly all my investment in bounty campaigns and Ethereum ICOs were a success. My only losses were in foreign blockchains I didn't knew much, such as a token Waves blockchain. There were also small losses in projects I didn't trusted much: PAquarium, Storj, and others (less than 30 USD in each). ICONOMI and Starbase gave me 1000K BRL from bounties in 2016 (while CoinBundle didn't paid me, in 2018), and more than 22K BRL with WingsDAO in 2016-2017 (unfortunately I'd loss its privatekey in a flashdrive).
PS: I don't know if the person in the image is happy or angry
I'd never saw myself as a trader, but as a newbie, yet passionate, investor. In the start of this year I've promised myself I should do all different, and become an better investor; and what happened is that I become a trader, in the month of July growing from $5000 to $12000 by trading different coins. But one of them, due to its complexity and essential weaknesses, was a big mistake: Ampleforth (AMPL) token.
In less than a hour, my net worth was down from $12538 to $10188. I didn't lost more because of these factors: in the morning I'd bought $1000 from these 12K to put in a renBTC pool (otherwise, I would have less than $9000 now) and the most important: in 30 minutes I'd realized I should immediately remove my AMPL pool and swap all my AMPL to ETH. I'd saw a few crypto influencers on Twitter saying that AMPL is a ponzi scheme, but I didn't believed as this defamation also happened (or still happens today) against Bitcoin and Ethereum, till buying it and seeing it myself.
AMPL have a programmed price fluctuation (rebases), which enables ponzi scammers to do campaigns to induce users to buy while they're selling. Buying at the dip for then later selling, will not work due to the token's complex mechanics.
Experienced persons will use AMPL to induce people to lose; inexperienced people will lose money on it. Whether you're experienced or not: don't buy AMPL; don't induce people to lose, and don't lose yourself.
Nope, I'm not writing it to diminish the competition to buy myself AMPL; my investments never depended on posts or other advertising by myself, but in the project's own potential. I don't buy shitcoin and would never advertise it just to see a pump and profit.
Do your own research. And most important: if I were you, I would always stay far from the AMPL token.
Don't believe in the "sound economy" where Ampleforth is based, and even more, don't believe in AMPL at applying this concept. Having your money devaluing on your wallet will never be a sound money; AMPL simply removes users OWN balances according to its economic model. DAI and other stablecoins are good if you want a stable money on your pocket, or protocols like Compound if you want to put your money to work. Don't try to play with the complexity of AMPL.
What is a better investment than it? Well, it's up to you.
Not only about AMPL: I would avoid with all my forces the token YFII (a fork of YFI). YFII is not YFI! And, for me and you, AMPL is not sound money.
Kisses <3
If you need to have a fair newsletter about the "new Internet" which DeFi (Decentralized Finance) and the cryptocurrencies are, you can subscribe to the host of this article: DeBank. Stay safe and hold your money smart.
This article is also at:
