Topic: Bitcoiners Show Me Your Scars!! (Read 268 times)

You have too : " I didn't lose,I learned" haha

I'm really new in crypto so I've only had scratchs. But for me it was to be to faithful with friend/youtuber who proposed referral link.

For example I began to used Swissborg exchange instead of coinbase pro (I already knew how to used coinbase pro). I believed my friend who said it was cheaper than coinbase or binance (it was not). I didn't put lot of money in it, just the minimum wage to get the welcome bonus. The problem was when I wanted to put my coin on my wallet. I didn't check minimum withdraw fees. It was 20% of my bag in this app

It's really just one of those quotes that definitely has a lot of truth to it; it's just that it's overly overly shared on social media(with those totally unrelated sparkly backgrounds) hence why it's so cringey.

For both the wounded and the scared, one thing that they both have in common is lack of information. With the right information, one can simply scale through without being a victim.

For me, my scars with bitcoin moves from phishing sites, trying day trading, failing into telegram trading scams, ICOs disappointment and mining scam.

All in all, they are stories I learn from and share.

Haha you really made me chuckle

Sounds corny, but that old saying that what doesn't kill you makes you stronger is true, and really builds up a character.



I think that many of us that survived 2017/2018 altcoin demise have the same fear, and due that missed some good opportunities to increase our BTC amount that way.

That's people for you, when you are doing something good or they are getting some free gifts from you they will say something nice about you but the moment you seized from giving more gift they manage to say something about you and forget that you're the same person who was once nice to them.
The same goes for the Bitcoin market, you'll see different people including the forum high rank members losing their trust in Bitcoin.


All this can be prevent only if newbies listen to security provided to them on this forum and also do adequate research before invest in any project.

Crypto is not for uncautious and lazy people because almost every crypto wallet shows the options alert message when creating a new wallet "if you lost your seeds phrase/private keys you lost your coin."

I think you can be wounded and scarred by not doing something, like in my example. I have been away from the altcoin scene for many years because my goal is to improve my bitcoin portfolio. Back in Nov/Dec when Polkadot was still trading at $5 a coin, I had half a grand at an exchange that I hadn't withdrawn for long-term storage yet. I thought about purchasing DOT for that amount but I changed my mind in the last minute. DOT is now worth $40 a coin and I missed a great opportunity thinking it's just another alt getting some temporary attention that will soon be gone. There is an example of how fear of being scarred and wounded causes you not to act on your instincts.     

It's like purchasing a random smartphone without researching the model or brand and being disappointed of it. After enough attempts, you move back to the top brands although they're way more expensive. This is alts vs BTC at its finest.

Fortunately for me, I have very little scars to show. I lost only 0.015 BTC in total - 0.005 BTC to an exchange exit scam, and 0.01 to an ICO scam, which was my first and last ICO investment. Both these things were a valuable personal lessons that helped me avoid such mistakes in the future, though I generally prefer to learn from mistakes of others - so far I never been hacked, thanks to reading so many hacking incident reports and topics about security on this forum.

I like your fighting spirit. Your contributions to the community in exposing scams is very much appreciated. I hope to see a healthy and scam free community in the crypto space especially in telegram. Most of us who have had encounters with scammers would agree that it was some random dude/girl from a telegram group that came up with a testimony story.

Yeah, I'm glad you're better for it. Like mk4 said the scammers created a batman not a victim

Bruce Wayne didn't promise to himself to get rid of evil and end up being Gotham's protector if it weren't for his parents being murdered in cold blood by a criminal right in-front of him.

Rikaflip, Bitcointalk's crypto Batman.  

Since i can't bother to write it all over again, I will quote part of my post from the interview few months ago. It was pretty traumatic experience as i was never hacked before, that almost made me quit crypto all together. To be honest, I was more angry at myself than I was at the scammers. But as you can see, I didn't quit crypto and in the end that is probably  the main reason why I am active on scam busting scene,



By @Pokapoka124 definition, I guess i fall into "scarred" group.

I disagree. I guess this topic is about all things crypto, not just BTC. But yeah, bringing ICO's into it would be a bit too much IMHO.

The "wounded" are quite naive to say the least - is a scam you fell for as a victim by your own fault a reason to leave the markets? Is the greed you had when investing in fake fairy tale-ICOs a reason to leave the market? They weren't for me! Any mistake I made was mine and caused by my greed or inexperience, and with every little mistake you learn more. This is how everyone should take it instead of running away and crying out loud.

Well, yea. That's precisely a sort of "downside" of a bull market. Like you know, you wanting to secure a teeny tiny bit of your profit; maybe to have just secure some cash or maybe to actually enjoy life a bit; but at the same time you know there's a good chance that it's going higher.

But still, delaying certain activities or certain things I want to buy just so I have more money to invest hurts me personally quite a bit more.

Ironically, I consider it far more difficult to hodl Bitcoin through a rising bull market than through a bear period; the risk to sell off when you've gotten a certain amount of profits seems much more alluring than that of when the price is dropping and you'll likely be selling at a loss.
Even though you do not technically lose when you sell at the start of a bull run, you miss out on possible future profits

This meme below pretty much sums it all up, though we need an updated 2021 version. Holding through years and years with all those so called "price crashes" and all those Bitcoin obituaries[1]. Though I really didn't doubt much when prices drop, it kinda hurts looking at the price drop further and further without much investment money left to the point that I had to kinda stop doing some of my hobbies just so I could invest more. And yet, some people still think I got "lucky" lul.

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[1] https://99bitcoins.com/bitcoin-obituaries/

I would classify Bitcoiners more as people who are directly involved in the development of technology, those who, despite everything, continue to believe in the future of bitcoin for many years. They are more engaged in commercial and educational activities, people who consider Bitcoin to be their religion, who know all the pros and cons, and are engaged in improving it.
I also agree with Charles-Tim that the one who lost bitcoins on the exchange will also lose fiat, his scars will be his experience. Anyone who incorrectly stored the keys to wallets, having lost everything later, is guilty of his negligence. It is difficult to call such people bitcoiners. Those who have scars, and who have returned to Bitcoin, will receive only advantages in the future.

I see your post and I'm like, is it a good thing to be scarred?

That's to imply that, i agree with your categorization though, I'm sure its not a standard but then, being scarred seems to provide some sort of bullet proof as yo avoid further scars. Like the saying 'once beaten, twice she's

Don't wish to get no scars though.

Bitcoiners are those that make use of bitcoin, not altcoins or any ICO (initial coin offering). Your post should completely focus on bitcoin, and bitcoin alone.

Only people I know that were hurt are:

• people that did not believe in bitcoin and sell during bear market
• people that sent bitcoin to hardforked coin addresses which its private key is owned by exchanges or other custodial services and not able to recover back their bitcoin.
• People that were scammed
• other reasons that deals with custodial services

If someone can be scammed (the victim send bitcoin), that means the victim can also send fiat. A lot of bitcoin lost to exchanges, and supposing you use noncustodial wallet, it will be easily recovered. If someone trade bitcoin and lost funds, that means the person can lose while trading fiat too (bitcoin price do fluctuates but appreciate over long term, an advantage over fiat).

The losses if checked properly, no blame to bitcoin, while the people you regarded as wounded are just seeing it in the wrong way. People to be called bitcoiners should learn about bitcoin before using it, and to be careful of hackers and scammers. And, they should also remember that 'not your key, not your coin'.

Most times, what we hear about bitcoin is usually the good stuff, especially in an environment such as this, I mean its hard to say anything other than. Every time there is a bull run the media suddenly changes its opinion about bitcoin and are in favor but as soon as there is a correction, there comes the attacks. But truth be told we have all had good/bad experiences in our journey in the crypto space.
There are two categories of people in the crypto space; the wounded and the "scarred";
The "wounded" are those people who have had it rough, probably got scammed during their first bitcoin trial or lost a significant amount trading and are bitter about it. Some are unfortunate to have invested in fake ICOs..others are those who bought bitcoin and somehow forgot their password. These are "wounded" people. And now that's the only world about bitcoin that they know and they fall back to fiat and traditional traditional currencies because it makes them. If you are interested in bitcoin don't ask a "wounded" person for advice. They most likely will shut your idea down.
The "scarred" are those who also have been cheated, scammed and share similar experiences with the wounded but refuse to let that stop them. They are relentless and constantly improve themselves after experiencing setbacks. As a newbie, this is the category of people you want to be acquainted with. They will guide you through the right path.

The difference between the wounded and scarred is simple. The wounded tell a tale of pain and are still hurt by the experience, this blinds them to see anything good from it. On the other hand, the "scarred" have seen two sides of the coin and learned to better for it. They share their wisdom with younger investors, wisdom got from the good and bad experiences they've had. So bitcoiners show me your scars.