Bad example: as a family of Tokyo has invested in Bitcoin and lost their savings because of the FOMO syndrome
Source:In Japan there is a serious social problem for families with high income do not know how to save money and invest them so that the amount of funds raised. about the family Ikeuchi that in an attempt to increase savings invested in Bitcoin and lost it all. Their example is a lesson not only for Japanese but also for all beginners who suffer from fear syndrome, loss of profits (FOMO).
Family Ikeuchi living in a new luxury skyscraper in the Tokyo Bay area with her two daughters. One of them is studying in the second grade, and the second attends primary school. They belong to the so-called "group of Caveman", which refers to the Japanese rich people who buy apartments format 3LDK (3 rooms plus dining-kitchen) in the new skyscrapers. The average price of such objects is 550 thousand dollars.
How not to lose money on bitcoin
Monthly family income is 6.6 thousand dollars, and the annual 135 thousand dollars. Every month Ikeuchi spend 6.4 thousand dollars, and to postpone they manage only 153 dollars. As of last fall, their savings were 21.5 thousand dollars needless to say, a work was worth their formation.
The Family plans to give one of his daughters to a private school, where teaching is more than 9 thousand dollars a year. In search of opportunities for increasing savings of the head of the family Masao Ikeuchi heard from his colleagues about Bitcoin, which increased his fortune in half.
A Man bought a book about cryptocurrency to understand the basics of technology, then put in the first $ 900 bitcoin. His investment came at a good time — then Bitcoin is growing up, and a month Ikeuchi 2350 earned dollars.
theWhen to invest in cryptocurrencies
Ikeuchi recalls that she was extremely excited — he invested in Bitcoin 9 thousand dollars and waited until this amount will increase. However, the opposite has happened: the course is the first cryptocurrency collapsed, and by the time awareness of what is happening from the investment of 9.9 thousand was only 2.7 thousand dollars.
The Japanese was one of the victims of FOMO syndrome — in an attempt to get rich quick in time man withdrew money and lost far more than I should have.
Investments rarely work, if you start with a story that will likely bring profit. If it worked the first time, the second likely to lose everything. As far as I know, the best stories have a shelf life, and it is short. If you want to save up for something, you need to invest in assets with low risk.
Now all that is left for the Japanese to look for ways to more efficiently invest your money in the future. And remember that a quick investment rarely bring a steady income.
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