My Experience From Loan to Loss!!!

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During the covid 19 in the year 2020, every student was sent home in February precisely as schools were on lockdown. I travelled home to stay with my aunt in Ibadan and then, I was on the Uptrennd platform where we write and get paid for our efforts. I was at home working hard on this platform day and night as it was an opportunity to be more active since no lectures except for the ones some wicked lecturers would organise on the Telegram app. Two months later, a friend I met on the platform messaged me one particular day and explained a site to me.

The site is a Bitcoin related one where one would invest some amount and earn double from it. The way she explained everything about the site which she was also looking for a referral, poor me, I couldn't say no because I found it to be real when she sent me proof of her earnings. I told her would give her my response later as I was busy. The thought of investing as little as #5000 was not an issue because I had the same amount in my account and decided to give it a trial. She put me through the process and started my journey with the Bitcoin platform.

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I was so excited when I cashed out more than my capital after three weeks from the site and decided to up my game by increasing the capital to earn more. I called the lady since we were already close and knew the site was legit, and told her to loan me some amount that once I withdraw, would pay her back. She gave me a piece of beautiful advice that day but I was so much eager to increase my earnings. She told me never to try borrowing money to invest in such a platform but to use the money I could afford to use. I thought she was just not willing to lend me money and I left it that way.

I have been enjoying the site for over a month but my mind was still on increasing my earnings and started thinking of people to call. I called my sister and explained to her, assuring her that I would pay her back on a certain day but she also warned me to be careful. I ignored the warning because of my greediness and stubborn mind 😑

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After a week and some days, the thought of meeting with @abdul-qudus's brother came to me as I remembered how close we were. We were always chatting and would talk for long on calls. I called him and explained to him of which he immediately sent me #15,000 and I promised to pay back on a date I picked. He sent me the money and I quickly increased my earnings on the site and was so happy that I would withdraw a higher amount.

I could only withdraw my earnings from Mon to Fri while Saturday and Sunday were always their off days, they were operating like a normal business and I also would always check their Telegram channel for people sharing their earnings and getting excited about such a platform.

Seeing different proofs and positive comments from other people made me more excited knowing I was lucky to find such a site and also thankful for the lady who thought of me to share the opportunity with me. I had already calculated my earnings and how my life would change once I returned to school. A lot of imaginations came to my mind on how I would rent a new apartment and start living well 😀

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But the unfortunate day came. I had woken up that morning and was doing the chores at home when I decided to check the site for the amount I had earned so that I could initiate a withdrawal and cash out my money so I would be able to pay my loaner his money even before the deadline. Then I saw the site couldn't open. I kept refreshing but nothing was happening, just popping up the 404 error.

I quickly dropped the broom in my hand and went to check their Telegram channel, I started seeing lots of complaints from people about the site not opening. I waited for hours to see if there would be positive news but at night, some members were already leaving the channel. I became nervous and was restless, there was no appetite due to that. It then dawned on me that the site had closed up, and they'd scammed a lot of people.

I called the lady to inform her of the update and she said that it's likely they have shut down but at least she made a lot of money while praising herself for the amount she had made so far. I was so down and sad hearing such news. I remembered the money I borrowed and the thought of how I would pay back kept coming to my mind. The next day, I got a message that we were to resume the following week. I had to use the money my aunts sent to me to take back to school and pay my loan so that I wouldn't fail him. All my plans failed due to this bad experience.

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The experience taught me a great lesson especially when I had to go days in school without eating good food but to manage myself by drinking garri and sometimes, my friend would cook and give some portion to me. I couldn't tell anyone about it but it was a great lesson never to be greedy. The advice I got from the lady and my sister came back and I took both to my left hand never to forget.

Never borrow or take a loan to invest in a platform especially one you aren't sure of. Be careful even after you have made some gains, do not be greedy to invest all of them back or think of increasing to earn more. Platforms like this do not last. Ever since then, I stopped anything "invest this and earn double" and I have been doing fine up till now.