Have you taken lessons? - page 2. | Bitcointalksearch.org

klidex

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Quote from: Wildwest on December 30, 2022, 01:03:05 AM

In 2022 There are many things we can learn in the crypto world, although many events that occur are not to our liking but from there we can draw a conclusion that for the coming year we must be careful of every decision we make, this year there are many losses that we experience and only some people who get luck is not too big as expected, If this situation continues in 2023 then there will be many coins that will be lost on each of their platforms and currently they can only stand still to wait for the market to quickly increase again in every coin price, especially Bitcoin.

In fact, in 2022 this is an opportunity for all of us to be able to add crypto investment assets, where at prices that are relatively low like this, you can take more crypto and the profits when the bull market will be bigger too.
If in 2023 the market conditions are still the same, we must endure and be patient. You can be sure that in a not long time the market will experience a revival and all cryptocurrency assets will experience a significant increase in price.
It's not easy for a registered coin to just disappear. Basically every coin has big investors and they can definitely survive a bear market phase like this.

BigBos

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Quote from: bangjoe on December 28, 2022, 07:23:30 PM

and what have you learned from all of this in 2022?

Taking lessons is very important not to repeat the same mistakes in the future, I experienced sadness when Bitcoin in my portfolio experienced a very significant price drop, even though in crypto there is a saying when you don't sell it, you don't lose, but still make it stressed.
And my losses on FTX and Luna, even though they're only a small part of my portfolio, are still intolerable. Since then I started investing less in Altcoins and moving my Bitcoin assets from a centralized exchange to a decentralized exchange planned for the long term.

This year has been tiring but must continue to collect Bitcoins for a better future.

Welsh

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I'm not convinced many have learned any lessons from these incidents. I personally wasn't effected by any of these, unless you count the price of Bitcoin taking a hit due to them. However, even then I'm not that bothered by the current price of Bitcoin. However, most people don't learn from the very first couple of incidents, and most people don't put the effort into learning about how to mitigate these issues.

For example, we'll still see a ton of people in the future losing money because they have their Bitcoin on a centralised exchange. Despite there being several largely talked about events that have stolen or lost several million pounds worth of Bitcoin.

The Cryptovator

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Signature space for rent

What can we do even take a lesson from past history? Maximum we can secure our holding but we can't secure our holding value anyway. Whatever the reason if the market crashed ultimately we are losing value and we don't know when will it recover. However, we learned that funds aren't should organize into a centralized exchange anyway even if we lose token value. That's what is in our hands to control. However, we learned a lot of things from this incident and we have to be more careful about our funds.

suzanne5223

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Quote from: laurenB7742 on December 29, 2022, 11:51:26 PM

Quote from: suzanne5223 on December 29, 2022, 06:19:25 PM

Quote from: bangjoe on December 28, 2022, 07:23:30 PM

6. FTX Group & Alameda Research
Declared bankrupt on November 11th, destroyed after massive liquidation by its customers, this was triggered by CZ selling all Native FTT tokens, because these tokens were used as collateral or debt guarantees to borrow money by Alameda Research.

I don't think CZ sold all his FTT tokens because it provided an official letter he wrote to all the Binance workers about keeping their FTT bags. Although, the CZ tweet may trigger the massive liquidation of the FTT token. However, the major cause of it and the bankruptcy of FTX are SBF the mastermind, and Caroline which expose the situation at the wrong time.

Caroline and the FTX co-founder have also pleaded guilty, and in a recent report, Sam will plead guilty on January 3. It's funny when everything is so clear that there are still people who think that CZ is the one who harmed FTX. If FTX really has 10 billion USD in reserve, then CZ's sale of 500 million FTT is just the salt in the pool, and will not affect FTX too much.

I know about Caroline and Wang pleading guilty to the accusation but you said "Sam will plead guilty on January 3" are you a time traveler how come you know what he's going to do when he recently (today) cashes out $684,000 while he is under house arrest. Do you think someone that's doing this is ready to plead guilty?
Having said that, anyone that thinks CZ was the one that harmed FTX definitely doesn't know the beginning of the story.

Quote from: laurenB7742 on December 29, 2022, 11:51:26 PM

Quote from: suzanne5223 on December 29, 2022, 06:19:25 PM

Quote from: BitcoinPanther on December 29, 2022, 05:46:37 PM

I learned that no centralized services should be fully trusted. If we wanted to invest, invest on Bitcoin, buy it and never keep it on exchanges. Investing on centralized services and give 100% trust on them is another way of wasting money because sooner or later this centralized services will file bankruptcy.

Even if the situation that happened this year didn't happen. It's a childish idea to entrust one's investment to a stranger we only see as an influencer online and it is always good to entrust our investment to ourselves because no one knows us more than ourselves.

Before FTX crashed, we had Mt.gox, we should have learned from that and deposited money in exchange, like a deposit in the bank, they are not our money. "not your keys, not your property" this saying was spread long before FTX was created.

People in the cryptocurrency market we're today don't learn easily, their trust in influencer people is a major disease and this is the reason why we see some scammer turning Elon Musk tweet into crypto and naive investor will still buy it.

Wildwest

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In 2022 There are many things we can learn in the crypto world, although many events that occur are not to our liking but from there we can draw a conclusion that for the coming year we must be careful of every decision we make, this year there are many losses that we experience and only some people who get luck is not too big as expected, If this situation continues in 2023 then there will be many coins that will be lost on each of their platforms and currently they can only stand still to wait for the market to quickly increase again in every coin price, especially Bitcoin.

laurenB7742

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Vaccinized.. immunity level is full.

Quote from: suzanne5223 on December 29, 2022, 06:19:25 PM

Quote from: bangjoe on December 28, 2022, 07:23:30 PM

6. FTX Group & Alameda Research
Declared bankrupt on November 11th, destroyed after massive liquidation by its customers, this was triggered by CZ selling all Native FTT tokens, because these tokens were used as collateral or debt guarantees to borrow money by Alameda Research.

I don't think CZ sold all his FTT tokens because it provided an official letter he wrote to all the Binance workers about keeping their FTT bags. Although, the CZ tweet may trigger the massive liquidation of the FTT token. However, the major cause of it and the bankruptcy of FTX are SBF the mastermind, and Caroline which expose the situation at the wrong time.

Caroline and the FTX co-founder have also pleaded guilty, and in a recent report, Sam will plead guilty on January 3. It's funny when everything is so clear that there are still people who think that CZ is the one who harmed FTX. If FTX really has 10 billion USD in reserve, then CZ's sale of 500 million FTT is just the salt in the pool, and will not affect FTX too much.

Quote from: suzanne5223 on December 29, 2022, 06:19:25 PM

Quote from: BitcoinPanther on December 29, 2022, 05:46:37 PM

I learned that no centralized services should be fully trusted. If we wanted to invest, invest on Bitcoin, buy it and never keep it on exchanges. Investing on centralized services and give 100% trust on them is another way of wasting money because sooner or later this centralized services will file bankruptcy.

Even if the situation that happened this year didn't happen. It's a childish idea to entrust one's investment to a stranger we only see as an influencer online and it is always good to entrust our investment to ourselves because no one knows us more than ourselves.

Before FTX crashed, we had Mt.gox, we should have learned from that and deposited money in exchange, like a deposit in the bank, they are not our money. "not your keys, not your property" this saying was spread long before FTX was created.

skarais

legendary

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There's too much room for anger, but what does that mean?
I'm grateful because in 2022 I didn't lose anything and wasn't involved because of the projects above, but of course I feel the impact.

To this day I've had an impact on overall asset depreciation where it's almost 20%, but really that's a dynamic that really has to be in every industry. There are enough lessons to be learned during 2022, we don't expect regrets at the end so this needs to be an experience. Returning to our respective goals, we may need to take advantage of this situation to remain optimistic for the future. The storm will stop, we can expect a brighter sunrise afterwards. It's only a matter of time.

Darker45

legendary

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Quote from: wxa7115 on December 29, 2022, 09:16:02 PM

Quote from: Darker45 on December 29, 2022, 07:50:56 PM

~snip~

And the list would be even longer if we added to the list all the coins that have disappeared since the first altcoin was created.

However I think it is possible that in the future the number of successful scams could go down, this is similar to the early days of the internet in which scams like the advance-fee scam were relatively new and people fell for it, but now decades later almost no one falls for it as everyone knows it is a scam, so while it will take a long time for this to become the norm it seems to me we could eventually reach that day.

Probably. I'm looking forward to that day. Meanwhile, another huge centralized exchange has fallen almost a decade after the largest centralized exchange has collapsed. Billions are lost in the process. And it's not even that cases of falling centralized exchanges are isolated. Between Mt. Gox and FTX, there were already countless of centralized exchanges that died. But since crypto awareness around the world is still low even at this point, I'm expecting that there will still be huge incidents like these that would happen in the next decades. So, lessons regarding centralized exchanges might take a long time to sink in. I just hope that nobody had fallen victim twice in the collapse of Mt. Gox, Cryptopia, QuadrigaCX, Livecoin, and countless others, or else we haven't really learned a lesson.

Kaliandra

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from all that incident I have taken a lesson, that bitcoin remains the most superior. because if we invest in bitcoin, of course it will be safe compared to altcoins. but yes, everything has happened, hopefully it will be an example for the future so that we are more careful in investing. but we also need to know that we must be aware that investing in crypto is indeed a risk.

wxa7115

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Bitcoin is GOD

Quote from: Darker45 on December 29, 2022, 07:50:56 PM

The list is actually much longer than this. The amount lost within this year alone is in several billions. There are lessons along with them, surely, but will we ever learn them? I'm afraid not. The history of crypto, although relatively short, is already full of hacks, bankruptcies, rug pulls, scams, and the like. But has the environment changed according to the lessons learned from all those unfortunate incidents? I don't think so. Has behavior toward altcoins, centralized exchanges, DeFi platforms, and others changed? Not really.

And the list would be even longer if we added to the list all the coins that have disappeared since the first altcoin was created.

However I think it is possible that in the future the number of successful scams could go down, this is similar to the early days of the internet in which scams like the advance-fee scam were relatively new and people fell for it, but now decades later almost no one falls for it as everyone knows it is a scam, so while it will take a long time for this to become the norm it seems to me we could eventually reach that day.

Darker45

legendary

Activity: 2576

Merit: 1860

The list is actually much longer than this. The amount lost within this year alone is in several billions. There are lessons along with them, surely, but will we ever learn them? I'm afraid not. The history of crypto, although relatively short, is already full of hacks, bankruptcies, rug pulls, scams, and the like. But has the environment changed according to the lessons learned from all those unfortunate incidents? I don't think so. Has behavior toward altcoins, centralized exchanges, DeFi platforms, and others changed? Not really.

Tallupooh

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In essence, we must always be careful when investing and think carefully. even though 2022 is a year full of bear markets, we still have to have good prejudices for the future.

goldkingcoiner

legendary

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A Bitcoiner chooses. A slave obeys.

I think these scammers do ultimately serve a noble goal.

Even if they do not realize it, they are teaching people the importance of not giving your Bitcoin away to third party holders, especially centralized ones. The lessons learned are quite expensive. They cost you everything. But in the end, you will learn to never let your Bitcoin out of your own wallet and you will learn to not give your wallet access to someone else. Each of these scams has one thing in common: The coins were not in the wallets of the people to whom they belong. They were in the hands of someone else.

But nobody should feel ashamed for having to learn these lessons the hard and expensive way. It is part of the journey to becoming a hodler. Embarrassed

suzanne5223

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Quote from: bangjoe on December 28, 2022, 07:23:30 PM

6. FTX Group & Alameda Research
Declared bankrupt on November 11th, destroyed after massive liquidation by its customers, this was triggered by CZ selling all Native FTT tokens, because these tokens were used as collateral or debt guarantees to borrow money by Alameda Research.

I don't think CZ sold all his FTT tokens because it provided an official letter he wrote to all the Binance workers about keeping their FTT bags. Although, the CZ tweet may trigger the massive liquidation of the FTT token. However, the major cause of it and the bankruptcy of FTX are SBF the mastermind, and Caroline which expose the situation at the wrong time.

Quote from: BitcoinPanther on December 29, 2022, 05:46:37 PM

I learned that no centralized services should be fully trusted. If we wanted to invest, invest on Bitcoin, buy it and never keep it on exchanges. Investing on centralized services and give 100% trust on them is another way of wasting money because sooner or later this centralized services will file bankruptcy.

Even if the situation that happened this year didn't happen. It's a childish idea to entrust one's investment to a stranger we only see as an influencer online and it is always good to entrust our investment to ourselves because no one knows us more than ourselves.

n0ne

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DGbet.fun - Crypto Sportsbook

Quote from: BitcoinPanther on December 29, 2022, 05:46:37 PM

I learned that no centralized services should be fully trusted. If we wanted to invest, invest on Bitcoin, buy it and never keep it on exchanges. Investing on centralized services and give 100% trust on them is another way of wasting money because sooner or later this centralized services will file bankruptcy.

Centralised services will be prioritising fame and money than anything else. For this reason when we use an exchange we should know the limitations as well as try the maximum to keep our funds on custodial wallets than holding it on Exchanges. Because, we don't know what happens next. In no time things change completely and lost is lost.

BitcoinPanther

hero member

Activity: 1918

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I learned that no centralized services should be fully trusted. If we wanted to invest, invest on Bitcoin, buy it and never keep it on exchanges. Investing on centralized services and give 100% trust on them is another way of wasting money because sooner or later this centralized services will file bankruptcy.

Merit.s

sr. member

Activity: 378

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Lohamor Family

It was really a big lost for the crypto market this year,this is the problem of exchanges because they are centralized, they link up to one another and depend on each other,they will declare their assets to give you confidence in them but that is a big lie,they just declared the assets of two or three exchanges including their's which makes it scam. This why you see that if one of the big exchange crashes, it will affect some exchanges that are in business with the big exchange. FTX crash and it affected Block.fi due to their investment in FTX. Thank God with all these challenges btc stood and conquered, just only the price went so dip.

Furious 7

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https://duelbits.com/

This year so many disasters have happened apart from the bitcoin crash that so many people feel this is the wrong state of affairs.
But on the other hand, there is actually no need to blame this and the lessons that can be taken are of course quite a lot like having to be more careful when in crypto because looking at some of the cases you mentioned, no matter how strong the platform or exchange, an incident like this can always happen it just happened and as for the bitcoin context, buying is something that must still be done, not selling in the midst of unfavorable conditions.

milewilda

legendary

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Quote from: bangjoe on December 28, 2022, 07:23:30 PM

So, have you expressed your rage for 2022, and what have you learned from all of this in 2022?

Expect the unexpected
Dont risk on the money you cant afford to lose
Not your keys, not your funds/money
Dont let yourself drag with some Hype or Fuds

If you do have these then these moments cant really make you budged on your investment goals or targets.
Yes it might be sounding simple but its hard to be done since we are just humans which are really that emotional and its impossible
that we wont really be feeling off some fear and hesitance.

Topic: Have you taken lessons? - page 2. (Read 750 times)