Alexander Lorenzo shares his crypto journey: buying Ethereum at $3-$7, losing everything, going broke after a $5.2M business failure, then making seven figures trading. He explains why panic at market bottoms is where real money gets made.
So I was investing a lot of money at $3 to $7 Ethereum. I lost it all. I went down to zero. I remember making a whole bunch of money and it's coming back down to zero. And it went down so far that I literally felt fear, like fear in a way where like I just scammed everyone I told to come into crypto. I made like the decision in my mind and I just flipped it and I just bought more Ethereum even though I was dead broke. That was my first cycle. My second cycle, I went broke with the business, right? I lost a lot of money, $5.2 million, right? Because I didn't know anything about business at all. But my trading generated well over 7 figures in the market with my trading specifically. And I guess because when you go through it, you start realizing that these emotions are fake. At the bottom of the market, everything seems super real and super bad, right? It seems horrible. It seems like the world's ending. But when you're past it and then you look back 2 years, you're like, oh, it's not that serious. And then you start flipping from like fear. I just lost my money. It starts flipping to like, oh my gosh, I have to take advantage of this as aggressively as I possibly can.
