An Unforgettable Day In my Crypto world

LUCKMCFLY

legendary

Activity: 2492

Merit: 1869

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitstar_coin on April 08, 2022, 11:12:18 PM

Reason why people lose money in crypto is mostly lack of patience. Some people want to make huge profit overnight base on what they read online.
Market crash does not mean it won't recover, selling when the market is down is not a good idea, I hope by now you have realised that and gain enough experience to do things differently this time.
Always remember to invest what you can afford to lose and learn to have patience.

I completely agree with your opinion, I think many of us have gone through that moment, where we have no patience and we get desperate, especially when we were somewhat new to this world, or maybe we are glued to the chart all day, with nothing else matter, and this is not the case, in the investment and in the speculation of the market, normalcy and patience must always be present.

There are people who are just like you say, they sell when the price is falling, but they don't go short or with leverage, and this is a way to win, at least some market speculators do it, the only ones who don't what the investors do, because they have another way of looking at the market, but mostly the market gives to be able to make money at any time, but with the right movement.

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: ?? on ??

Everyone has their own share of experience, the most essential aspect is to get up, dust yourself, move on and keep trying again using your experience as a lesson and guide. Mistakes are necessities of life.

Everyone has a different experience with crypto. Some people have become millionaires with bitcoins and they have totally changed their life.
However, there are people who have lost everything in crypto. However, we should not blame crypto for their loss. It is their lack of knowledge and greediness which make them lose their cryptocurrencies.
I hope whoever loses money in crypto should learn the lesson and acquire the necessary knowledge for investment and trading.

Cookdata

hero member

Activity: 1050

Merit: 903

Not Your Keys, Not Your Bitcoin

Quote from: cointalkzz on April 06, 2022, 10:08:30 AM

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There will always be a lesson learned if you invest money that is not yours into cryptocurrency, the lesson learned could either be good one that return a profit and you could pay back the loan or you a accrue loss that will eventually make you pay back the money owed by force. If you are new to crypto and you look deep into crypto and some of the past event increased in prices you have missed, you will want to get money by all means to start even if you are not equip at that moment.
You lack to two things(it is a common thing in crypto), you were impatient and you did bite yourself at the hand when you used money that is not yours to buy cryptocurrency. If you have used your own money and was patience, you would probably be at profit by now. Anyways, there is never I'm too late, buy as little as your money can afford and be patience next time.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: cointalkzz on April 06, 2022, 10:08:30 AM

When I'm new to this crypto sea,I wondered about many things that my boy shared who is a crypto marketer since 2013.He told about rise in value of all coins,trading,how altcoins played a role .I mesmirized seeing more than 1 crore he has in his pocket.His hardwork, his holdings finally went worthless because we lost everything in a single day owing to market crash the day we forced to cash out the holded money for a very emergency need. I lost my hope. My love towards crypto made me cry at last.we forced to pay debts.But Currently his hardwork again made me to get focused towards crypto ,also myself into it.I think a day comes I will share here again with an statement Crypto Saved My Life.

trying to earn a merit? is this a fishing post? but sorry seems like no one cares about your created story , your account was created 4 years ago but your just active last month and one of your first post is this?

Quote from: cointalkzz on March 20, 2022, 03:10:04 AM

Being a beginner I'm not well versed in all activities related to forum.My moto is to gain maximum knowledge by reading variety of informations shared in the site.I wish to know more about wallet,how to invest,though invested whether it's safe or not. likely how to put a quality post.Adding links will it worth it like lots of doubts is been emerging as time pass by. Lacking knowledge initially is not remarkable instead without any efforts makes the thing noted.

Now tell us how come that you are a Beginner when you are already here 4 years ago? and this gives me Hint that this post is intended to earn a merit but you fail .

Questat

hero member

Activity: 2940

Merit: 605

Sometimes we got dragged by being greedy, we think that if we are lucky today it will still stay until tomorrow. That was wrong and we don't have to carry this kind of mindset, we just to be fulfilling enough to earn a small profit but at least it was continuous.
It was not wrong to aim to earn more but in a situation like this, putting all of your money into a single trade is risky.
I suggest getting back to the old strategy you have used before, that I think was more effective than the new one. And I felt bad hearing that story.

Dunamisx

hero member

Activity: 952

Merit: 555

Quote from: cointalkzz on April 06, 2022, 10:08:30 AM

his holdings finally went worthless because we lost everything in a single day owing to market crash the day we forced to cash out the holded money for a very emergency need

I think what you should blame is yourself here, you cant lost all your coins simply because of the crash in price, it can only reduce the worth amount and what i see to the mistake you did here is that after the crash you went ahead to trade and also run another loss and there has been need already in place demanding for the fund, so at the end you end up loosing after holding for a long time, this is your personal error with wrong timing and trading techniques.

Quote from: cointalkzz on April 06, 2022, 10:08:30 AM

But Currently his hardwork again made me to get focused towards crypto ,also myself into it.I think a day comes I will share here again with an statement Crypto Saved My Life.

Hopefully for you, you're not giving up which means you have learnt a lesson just in a hard way from your own mistakes and choose to move on, i will advise you to stick strictly on bitcoin and avoid any unrealistic projects and sh*t coins that have no future and don't be greedy enough in making profits, it takes time. i wish you a better experience at this second phase.

Scaterbrainn

newbie

Activity: 29

Merit: 0

I’ll never forget the day when bitcoin crashed in 2019. I sold all my bitcoins in panic which I regret totay.

Bitstar_coin

hero member

Activity: 2408

Merit: 693

SecureShift.io | Crypto-Exchange

Reason why people lose money in crypto is mostly lack of patience. Some people want to make huge profit overnight base on what they read online.
Market crash does not mean it won't recover, selling when the market is down is not a good idea, I hope by now you have realised that and gain enough experience to do things differently this time.
Always remember to invest what you can afford to lose and learn to have patience.

NicNacCoin

sr. member

Activity: 1344

Merit: 451

PredX - AI-Powered Prediction Market

Quote from: cointalkzz on April 06, 2022, 10:08:30 AM

When I'm new to this crypto sea,I wondered about many things that my boy shared who is a crypto marketer since 2013.He told about rise in value of all coins,trading,how altcoins played a role .I mesmirized seeing more than 1 crore he has in his pocket.His hardwork, his holdings finally went worthless because we lost everything in a single day owing to market crash the day we forced to cash out the holded money for a very emergency need. I lost my hope. My love towards crypto made me cry at last.we forced to pay debts.But Currently his hardwork again made me to get focused towards crypto ,also myself into it.I think a day comes I will share here again with an statement Crypto Saved My Life.

No one in this crypto world is successful. All I have seen so far is that no one has ever been successful in cryptocurrency.Many of us may know that by investing in something we can get a good percentage of profit from it.I have been holding the BNB since 2017. In the meantime, the BNB reached its peak in 2021, but I could not sell it.But whenever I need, I have to sell this BNB to meet my need.There is nothing to regret here that you may have sold your needs. People do everything they need to.If you work hard you will again be a successful person from this cryptocurrency.

nurilham

sr. member

Activity: 1498

Merit: 443

Crypto investment does not guarantee that we will make big profits like other people, but it does not mean that crypto investment is not profitable because some people can experience defeat or victory in the crypto world. that's why if we are not ready materially, emotionally or knowledgeable then don't rush to invest in crypto. study well first and start little by little. In investing in crypto, of course, we do expect profits, whether it's sooner or later, but don't forget the consequences. in the process there is the thing that goes smoothly and those that don't, it's just a matter of how we react to it and make it a lesson for the future.

glendall

legendary

Activity: 2156

Merit: 1018

PredX - AI-Powered Prediction Market

sorry for what happened to you, your incident is the same as mine before, but this is a lesson and motivation for your life that saving in the form of crypto can help you when you are in trouble, make friends with people who understand crypto so that you will not get hit when you buy deceptive, so that the funds you spend can be controlled

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: cointalkzz on April 06, 2022, 10:08:30 AM

When I'm new to this crypto sea,I wondered about many things that my boy shared who is a crypto marketer since 2013.He told about rise in value of all coins,trading,how altcoins played a role .I mesmirized seeing more than 1 crore he has in his pocket.His hardwork, his holdings finally went worthless because we lost everything in a single day owing to market crash the day we forced to cash out the holded money for a very emergency need. I lost my hope. My love towards crypto made me cry at last.we forced to pay debts.But Currently his hardwork again made me to get focused towards crypto ,also myself into it.I think a day comes I will share here again with an statement Crypto Saved My Life.

You can't "lose it all" in crypto, we are all aware of this right? You need to do leverage trading in order to lose it all. Bitcoin has been as high as it has ever been aside from the ATH we had a few months prior. This means that you can't really lose it all in crypto, unless you are investing into shitcoins, or investing in leverage trading which is already bad enough if you do not know what you are doing.

I have to say it is quite difficult to feel sorry for people who do not understand what crypto is all about and how you could be risking all of your money in that way. Just invest into bitcoin for example, especially if you are a newbie, and you will be fine.

bitzizzix

sr. member

Activity: 2366

Merit: 448

SOL.BIOKRIPT.COM

Fortunately, when I first got into the crypto world, I was only interested and focused on bitcoin because I was still hesitant to choose another coin.
but still through the twists and turns and regrets that occur and it will actually be a valuable lesson and experience for us to learn well and for improvement.
I understand how the OP feels, and that's how the crypto world has its ups and downs and also requires a strong mentality so that when we fall we can get back up. And it is also important for us to invest what we can afford to lose.
we all have different experiences and regrets in different ways, and it's all for us to keep learning and not give up until we master it and make good profits.

taufik123

legendary

Activity: 2618

Merit: 1801

Rollbit.com | Crypto Futures

Quote from: Jawhead999 on April 06, 2022, 11:10:55 PM

As you mentioned your son are interested about crypto on 2013, if he just avoid all shitcoins and only invest on Bitcoin... you would achieve financial freedom since the Bitcoin ROI is 31833.22%. It was a tough lesson for you and also your son, you can't change the past, but you still can change the future. If you still interested with crypto, just invest in Bitcoin. Diversify is a good idea too, but don't diversify too shitcoins instead real estate, precious metal etc.

Incredible when looking at the ROI of 2013 to date, 31833.22% is a remarkable increase. But his son could not manage his investment in bitcoin, so he panicked and sold everything at a low price.

i even 2013 still don't know bitcoin don't even know cryptocurrency.
this is the importance of doing long-term investments if you really believe in the coin, especially bitcoin, I'm sure there will still be many surprises in the future that bitcoin will give.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

You are not alone in facing the rigors of living through crypto, as there are already many people with stories like yours and many of them have suffered bigger losses. The difference is how we can bounce back from our adversity and realize that what we are going through is just a process that will not stop.

Here you can learn that investing in crypto doesn't need to use the money you will for your daily needs so that if the crypto market goes down again, we can still survive while waiting for the crypto market to recover. The important lesson is to only invest with money that you can afford so that it doesn't interfere with your daily needs.

Wexnident

hero member

Activity: 2576

Merit: 666

I don't take loans, ask for sig if I ever do.

It's why people who trade always say to only invest what you can afford to lose. That also includes taking into account emergency funds. Your investments aren't sources of money to be used in case of emergencies, but rather they're your passive income(at least part of it) most of the time. I'd recommend trying to earn more money, at least until after paying your debts your living relatively well. Then invest most leftover funds after deducting payments for regular expenses to crypto. No need to invest it all at once, you can invest gradually.

davis196

hero member

Activity: 3038

Merit: 918

Quote from: cointalkzz on April 06, 2022, 10:08:30 AM

When I'm new to this crypto sea,I wondered about many things that my boy shared who is a crypto marketer since 2013.He told about rise in value of all coins,trading,how altcoins played a role .I mesmirized seeing more than 1 crore he has in his pocket.His hardwork, his holdings finally went worthless because we lost everything in a single day owing to market crash the day we forced to cash out the holded money for a very emergency need. I lost my hope. My love towards crypto made me cry at last.we forced to pay debts.But Currently his hardwork again made me to get focused towards crypto ,also myself into it.I think a day comes I will share here again with an statement Crypto Saved My Life.

I guess that your son made a few mistakes,but that's alright.Mistakes are necessary,in order to learn valuable lessons in life.
1.Being too optimistic and kinda delusional about the future of altcoins.
2.Panic selling when the market prices crash.
3.Trading with funds you can't afford to lose.
Life is all about ups and downs,sometimes it gets really hard and after a month or a year,it gets way better.
I don't think that crypto "saved" your life.Crypto is just a tool.You and your son saved your lives by hard work and not giving up.

worle1bm

full member

Activity: 1834

Merit: 166

Sad to hear about your loss but this is supposedly how this market works which is why it's said invest what you afford to loose.The mistake in your case was altcoins investment as they are not much profitable in most scenarios and if you have picked up some really worse coin under pump dump scheme then your funds will be gone guaranteed.I remember back in 2017-18 period losing quite amount in ICO burst period but take it as lesson to move ahead safely.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: cointalkzz on April 06, 2022, 10:08:30 AM

~who is a crypto marketer since 2013.He told about rise in value of all coins,

Someone who is in this market for long should know that only bitcoin value goes up, everything else dumps against bitcoin.

Quote

his holdings finally went worthless because we lost everything in a single day owing to market crash

Such market crashes only take place in pump and dump shitcoins and never bitcoin, even the big drops it has after the bubble takes a year.
I hope this has been a good experience for you to never bag hold altcoins again and only stick to bitcoin.

Darker45

legendary

Activity: 2576

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This must be a mistake committed by a lot of Bitcoin investors. You are definitely not alone in this experience. But I hope that your experience will once again, for the nth time, remind people not to invest what they cannot afford to lose.

The Bitcoin market, or the bigger crypto market, is a risky market. You cannot just invest money and expect smooth sailing. That is why when you decide to invest, make sure you are only investing your extra savings or an amount that is not intended for anything. Emergency funds should not be invested in Bitcoin so that when an emergency arises you will not be forced to sell your Bitcoin at a loss.

Topic: An Unforgettable Day In my Crypto world (Read 315 times)