Darcy is a 21-year-old guy who has recently been hearing a lot of uproar about the crypto world. He has been keeping a close eye on the news and found both success and failure stories about crypto investments. Recently, Darcy’s childhood best friends have been talking to him about several coins which he can start out by investing in to make money and begin his journey in the crypto world.
Darcy is immensely confused about who to listen to and where to put his money at. He understands that he has a lot to learn about the crypto world particularly safety and security of his private information, basics of crypto lingo as well as determining how much he can afford to lose if things go astray. Instead of conducting research online, Darcy begins scrolling through twitter and finds out several coins which he had never heard of being talked about.
He finds comments saying that a specific coin will surely go to the moon or make people rich or that he will miss out on an extremely important buying opportunity if he doesn’t act now. Darcy panics and decides to invest in several coins without proper research, knowledge or an understanding of his current financial position and follows recommendations of his friends and others online.
Several weeks passed and Darcy realizes that things are not as easy as people painted it out to be and realizes that he is at a current loss and he does not feel comfortable continuing with investments which he has no clue about but they seemed promising. His co-worker finally opens up Darcy’s eyes and tells him that he experienced what they call in the crypto world FOMO. Darcy begins to finally understand that not all that glitters is gold and takes the initiative to step back educate himself first and then come back stronger in the crypto world.
This is a cautionary tale, I think he will figure it out and be more confident :)
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Greetings my friend @starrynightchild
Interesting experience Darcy has gained about the information in networks and the real behavior of cryptocurrencies, taking the good option to educate yourself more about this world.
Thank you for your entry to the contest.
Participant #3
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