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The Coin I Almost Believed In

A story of trust, risk, and revelation in the wild world of cryptocurrency

By waseem khanPublished 6 months ago 3 min read

Story:

The Coin I Almost Believed In

I still remember the first time I heard the word crypto.

It sounded like something out of a sci-fi movie. Mysterious. Futuristic. Dangerous. And I, sitting in my tiny apartment with half a pizza and a barely functioning laptop, was hooked from the start.

It was 2020—the world outside was locked down, but inside, my curiosity had just been unleashed. I spent my nights scrolling through Reddit threads, YouTube channels with aggressive titles like “How I Turned $500 into $50,000 with DOGE”, and shady Telegram groups where moon emojis flew faster than facts.

I didn’t understand everything, but one thing was clear: Crypto was the new gold rush.

And I wanted in.

The First Investment

My first buy was small—just $200 into Bitcoin when it was around $9,000.

I watched the numbers rise and fall with the same tension as a gambler in Vegas. I told myself I was investing. In reality, I was addicted to the thrill.

When my $200 became $260 in just a few weeks, I felt like a genius. I started throwing around words like “decentralization,” “blockchain,” and “HODL” like I actually knew what I was talking about.

That confidence was short-lived.

Because soon after, a friend sent me a link to a “low market cap gem”—a new token launching with big promises and even bigger dreams. Their whitepaper looked professional, the logo was slick, and their website featured phrases like “revolutionary financial ecosystem.”

I didn’t want to miss the next big thing.

So I went all in.

The Rise Before the Fall

Over the next few weeks, the token surged. My $1,000 became $2,000. Then $5,000. At one point, it briefly touched $10,000.

I was suphoric. I didn’t cash out, of course—I was convinced this was just the beginning. Every chart, every influencer tweet, every Discord message confirmed what I wanted to believe:

I was going to make it.

They call it FOMO for a reason. The Fear of Missing Out makes you blind. You start to believe the illusion. You ignore the red flags.

So when the developers behind the token stopped responding...

When the Telegram group got mysteriously deleted...

When the charts started dipping faster than I could process...

I still didn’t sell.

I watched helplessly as my $10,000 fantasy shrank into a $300 nightmare.

Gone. Just like that.

What I Really Lost

Losing money hurts. But losing belief in something—that’s a different kind of pain.

Crypto was never just about profit for me. It was about hope. The idea that there was still something exciting out there. Something I could be part of. A revolution, even if digital.

But like many revolutions, not everyone wins.

The truth is, the crypto world isn’t just about innovation. It’s also about manipulation. For every legit project, there are ten scams. For every lucky investor, a thousand who got burned.

I was one of the thousand.

Climbing Back

I didn’t give up on crypto completely. But I changed how I approached it.

I started learning. Not from hype videos, but from actual sources. I took courses. Read books. Followed real developers instead of meme coin pumpers.

I realized that blockchain technology really is powerful—it can change industries, improve privacy, even democratize finance. But the gold rush mindset? That’s what ruins it.

Crypto isn’t a get-rich-quick scheme.

It’s a tool. A risky, complex, sometimes brilliant tool.

And like all tools, it depends on how you use it.

What I Tell People Now

When friends ask me if they should invest in crypto, I tell them two things:

Never invest money you can’t afford to lose.

If it sounds too good to be true—it is.

I still hold a small, diversified crypto portfolio. Not because I think it’ll make me rich, but because I believe in the long-term potential. But I don’t chase the next DOGE or SHIBA or “secret gem” anymore.

I’ve replaced hype with patience.

Emotion with research.

And most importantly, fantasy with reality.

Final Thoughts

Crypto taught me more than any classroom ever could.

It taught me about risk, about hype, about greed and fear and how fast belief can cloud logic.

But it also taught me about innovation, decentralization, and how technology can reshape power.

The coin I almost believed in might have failed me.

But the lessons it gave me were worth every cent I lost.

EmbarrassmentStream of ConsciousnessTeenage years

About the Creator

waseem khan

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