Good Evening, I come to you tonight in dire need of help. I am a 56 year old Canadian who decided to take my chance at cryptocurrency after watching a news story about the bitcoin price reaching all time highs last month.
You see, I run a small plumbing business. I have one other apprentice plumber who works with me. I usually do it casually on the weekends, some hot water tanks here and there. On average I make around $85,000 a year.
After seeing how high bitcoin rose I knew this was my chance to be able to early retire. So i researched what to do and make a smart purchase. I typed in what is "cryptocurrency" and it lead me to this website called Bitcointalk.org
I began reading about many great alternative investments because I couldn't afford to purchase one whole bitcoin. It was already $3000 per bitcoin share. So i discovered this one crypto called "XtraBytes"
I didn't have much for savings in the bank. Only around $21,500. I did how ever have around $50,000 in gold bars. But that still was not enough.
So i decided to go to the bank and apply for a loan. I took out a $125,000 loan. Said it would be for trucks and tools. I put it all on Xtrabytes and its crashed down 35% already. I've lost $45,000 of that fucking loan already, and I wont be able to make my interest payments on this loan pretty soon here.
I'm digging into my life savings, and gold reserves to try to make ends meet, and pay for my employees wages. I may have to let him go soon. Oh god guys, i am really needing some help here I just don't know where to go.
If any of you guys could find it in your heart to give me some advice. Do i just hold onto all my xtrabytes and hopefully it will come around? I sure hope all my gold doesn't go away.
How can I turn my $80,000 of crypto into 200,000 I just wanted an early fucking retirement. Please help thank you