That’s So Crypto: Crypto Was My Divine Humbling

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That's So Crypto is a series where we share stories of people's experiences with Crypto. Sometimes, divine reckoning comes in the form of crypto. Wilberforce would know a thing or two about that, and this is his story.

-Wilberforce

In the early part of 2022, I lost ₦250,000 to a Ponzi scheme. Then, someone gave me $1000 to trade with. For context, I didn’t have money at all then. I had just finished NYSC so that initial ₦250K was a lot of money to me. Now imagine $1000?!

I was on a ₦40,000-a-month salary. My colleagues were earning similar amounts, but I had $1000, so I had this mindset that me and these people were not mates. Little did I know that Divine Humbling was waiting for me ahead.

I started forming "Crypto Expert" and used all the money to trade. I moved the money around different crypto exchanges and wallets. Sure, I was gaining, but the losses were massive.

A major factor behind this loss was that my work didn’t give me enough time to pay attention to my trades.

On this day, I was shooting a video when the market crashed, and my phone was on silent mode. I opened the app and saw red everywhere. From that $1000, what’s currently left is about $200.

If anybody asks me to come and do crypto anything now, I will stop talking to them straight. No time.