I lost $1817 investing in this altcoin.

in bitcoin •  8 years ago  (edited)

It all started when Poloniex started have problems not so long.

So, I decided to look into trading on Bittrex again.
While getting reacquainted with Bittrex, I discovered something strange.

On August 8, 2015 I bought 827 Neoscoins.

If you asked me why I bought 827 Neos in August of 2015, I would tell you I thought the name was cool and it reminded me of Neo from The Matrix.

http://www.neoscoin.com/

Clearly I didn't know much about crypto back then.

buy neos.PNG

Here is my Bittrex order for 827 Neos at 1413 satoshis for 0.01172923 (that's about $6, at that time Bitcoin was approximately $592)

day chart neos 8.8.15.PNG

The small arrow on the chart represents the time of purchase.

By the way, I love charts that look like this!

neos withdrawl.PNG
So, on the same day I withdrew 837 NEOS from my Bittrex wallet.

This is around the time I discovered Poloniex and decided to move all my coins to Poloniex.

Looking back, why didn’t I just buy it on Poloniex?

Deposit
deposit from bittrex to poloniex.PNG
Here's a copy of my deposit of 837 NEOS from Bittrex to Poloniex.

Withdraw
withdrawl from poloniex.PNG
For some strange reason two days after depositing 837 NEOS into my Poloniex wallet, I got the bright idea of withdrawing 817 Neos and sending it to some unknown wallet.

I have no idea why I was moving my crypto so much, it looks like I'm laundering money or something.(joking)

Sell
SOLD 2 neos.PNG
sold neos2.PNG
This is me selling my only 2 Neoscoins that I had left on May 22, 2017.

I had to sell it, it hurt my soul looking at 2 coins.

So I bought 2 ANTs, which is a cool project in my opinion and I like the symbol. I will be buying more.
https://aragon.one/

817 neos buy.PNG

What could have been.
1800.PNG

It hurts so bad!

Around the time I made the withdrawal, I was still messing around with A CRAPPY exchange called Crypsty. I believe Crypsty to be the unknown address holding my Neos hostage.

Crypsty has shut down and currently going through a lawsuit.

http://www.coindesk.com/cryptsy-class-action-lawyers-claims-site/

email.PNG

So, I found out about the sign up for the class action lawsuit a few day after the deadline.

I email Crypsty settlement and they gave me okay news.

I'll have to wait and see if the parties will accept late claims.
cryptsy.PNG

All I can do now is submit my form, wait and start going to church again.

During this ordeal I did learn a few lessons looking back on my mistakes

  1. Having patients and thinking long term. At the end of the day the crypto market is still brand new and has plenty more room to grow. Even coins like Neoscoin can do well with little to no buzz.

  2. Do your due diligence. Going back and looking into the archives of my crypto trades dating back to 2014, and realizing most coins are going to fail. So do your own research. Trust no one.

  3. Be accountable, keep good records of all your transactions and holdings.

  4. Keep the hope alive. There's still a 5% chance that I might can recover these lost Neoscoins.

Use my code L9HqIm and get 3% off your Genesis Mining contracts.

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genesis mining code plug at the end LOL
If genesis mining really worked as a good business plan then why everyone hungry across the internet for referrals.
What a scam.

How is Genesis mining a scam? Uber has referrals too, is Uber a scam?

Uber drivers main income does not come from referrals and they don't need to rely on referrals because driving makes them enough money.
It's has become pretty obvious that genesis mining users need to constantly be upgrading to make significant returns because of the increasing mining difficulty so they are everywhere on the internet promoting their codes.
Even Craig Grant recently said in one of his videos "If it wasn't for me getting referrals, I wouldn't be in genesis mining upgrading" also this "If you aren't getting referrals then you have something to complain about" -because of the lack of significant returns. I can post the video if you want.

No they don't but like genesis, uber drivers like extra on top. Okay, so your experience with genesis mining is through Craig Grant? I saw the video and its profitable for me.