Topic: How do feels losing money? (Read 1324 times)
Losing money is something that almost everyone experiences, but what makes us feel very sorry for losing large amounts of money and because of the little things we do, I have also experienced losing money when metamask was hacked, and since then I prefer to save assets in exchanges wallet.
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal,
The first warning sign and easy way to detect a scam related investment is the promises that it comes with, like they are too good and enticing to be true. And many persons fall to all of these due to their obsession to make money which then blind their sense of judgement to ask supposed questions and make deep enquiry into whatever investment scheme that come their way. Let's learn to be patient in our little efforts cause it will eventually pay, it doesn't have to be fast but it's definitely going to pay off in an interesting way instead of rushing into a sham of quick investment returns that would end up causing you trauma.
well it hurts those who feel trying to get it. but if you are an investor losing money should be a normal thing because gains also come with losses. that's a sure thing. if we feel we are losing money it means we are an employee and do not have the mentality as an investor.
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
I know the feeling, it's heart breaking, because money is not easy get. I lost a lot of money some years back. I wasn't scamed, it was just a wrong business decision. I was looking for a new shop to expand my business, and I saw one that has the kind of space that I needed and it was cheap. Without thinking I rushed and made payment, without considering the location, that it was not suitable for my kind of business. I spent money again putting the place in order, borrowed money from microfinance to stock the shop. After one year of very poor sales, I had to close down the business.
It affected my business capital negatively, because I wasted money on rent and decoration , was repaying bank loan, utility bills and staff. In the end I became worse off than when I started the business. So I personally knows how it feels to lose money, it's very painful.
This is already a risk in investing in a project, because not all projects that we follow in the crypto world we can trust fully because some of them only use something in order to get victims as you feel today, be patient because we in the crypto world can always get profits or losses and currently you are experiencing losses so don't despair of continuing to rise until you can get lost assets at this time return.
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal,
The first warning sign and easy way to detect a scam related investment is the promises that it comes with, like they are too good and enticing to be true. And many persons fall to all of these due to their obsession to make money which then blind their sense of judgement to ask supposed questions and make deep enquiry into whatever investment scheme that come their way. Let's learn to be patient in our little efforts cause it will eventually pay, it doesn't have to be fast but it's definitely going to pay off in an interesting way instead of rushing into a sham of quick investment returns that would end up causing you trauma.Losing money with a large amount according to our calculations is an annoying thing, I have also experienced losing money with a large amount in my opinion especially since I have almost no other money so I have to owe it, especially if we store assets in high risk crypto so if we don't be aware that you will be easily exposed to a scam.
I am happy if you feel only annoyed losing all of your money because people who lost huge amount of money for sure got depressed, problematic that affects their life and even their emotions are uncontrollable , no words can explain if you lost money that is why others you'll see in the news committed suicide as they cant sleep thinking on it. That is why it is best if you invest on what you can afford to lose so that we can still be good if lost it all
Ive heard also a lot of news about committing suicide just because they loss their investment though others might say that it is just money you can take it back but the struggle on getting those money and how hard you got it is unexplainable that is why others commit suicide thinking that they cant pay it of if it a loan or how they can live if they have nothing left. I hope people change like they are more cautious and most those people who intents to scam people will not do it and they will work hard or earn fair,
Usually we invest in platforms that offer good offers without due diligence. We only care about profit. And pay less attention to scrutiny. This is our main problem. However, when we invest in a platform, we should carefully search and research the platform. We usually invest by listening to people and don't even try to research ourselves. It should not be done at all. Don't listen to others. Do your own due diligence, research and then invest. Nothing can be more painful than losing our hard earned money due to wrong investment.
I understand how you feel about losing money and with your unpleasant experience of losing money. It is crucial to exercise caution when selecting your investment partners and conducting thorough research.
I will advise if you have been into a partnership business before and had a bad encounter with those you invested together, then it will be more wise for you to find a means to remain decentralized and stand alone, sometimes it pays than being among those they were after your getting hurt, they may not show it in face but that's there intention towards you, try to alwa be independent in doing business, any collaboration that does not yield good results cease from being part of it.
It's prudent to invest in legitimate ventures with a proven history rather than fall for a "get rich quick" scheme.
Nice advise, but in this we have to be more careful not about the business venture we are into but the calibre of those that constitute the business together with you, also don't to too forward or eager to make profit in other not to fall in a pit, which such is what they have dug for you.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
Just like when someone gets money suddenly, he feels very happy, similarly, if someone suffers a loss and loses money, his grief is also very great. We all always feel sad and worried when we lose money but getting touch with trading for many years now its dod not hurt me when this happen.
profit and loss are associated with every business.
but for safety,Wherever you invest, always do your due diligence and invest in the business after getting all the information you need,And the investment should be avoided in the business where there is no experience.
As you mentioned about Bitcoin, if you had invested in Bitcoin instead of investing in other businesses, you might have made a significant profit by now because Bitcoin has come well above its bottom. Even if the price of Bitcoin were to fall, your investment would be very safe for the future and you would not have suffered the losses and mental anguish that you suffered.
How do you expect anyone who lose money to feel? It hurts and you will feel like turning back the hands of time but it's already too late.
Whenever you are promised the double of your Bitcoin by any platform it is automatically a scam, the sooner you know and accept this the better, I am sorry for your loss but there is no short way to earn money from Bitcoin than holding for a long or learning and trading with Bitcoin.
High Yield Investment, Ponzi Schemes, and co don't always stay long, they can last from a month to a few months and they won't notice anyone before closing down, this is the way these scams are been run by those criminals.
It depends on the amount. If it's a big one that the person can't afford to lose then they will surely cry like a baby but if it's only a tiny amount, they will just carry on. For us, who are wise and have an experience about those things, we can easily identify them but there will always be newbies who get attracted easily by those fake offers.Whenever you are promised the double of your Bitcoin by any platform it is automatically a scam, the sooner you know and accept this the better, I am sorry for your loss but there is no short way to earn money from Bitcoin than holding for a long or learning and trading with Bitcoin.
High Yield Investment, Ponzi Schemes, and co don't always stay long, they can last from a month to a few months and they won't notice anyone before closing down, this is the way these scams are been run by those criminals.
I bet the OP and his friend learned their lesson and never repeat the same mistake again. For those starters, learning is free. Once they knew that anyone can invest in Bitcoin, they will never entrust their funds into someone else because there is a big chance that they will run away with our money.
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
I guess everyone here agrees that fatal mistakes like these are fully avoidable. I mean if you say that the office was fake, actually closed and everything and everyone disappeared, I wonder how much due diligence you have put into that investment upfront before making a decision.
If your partner even cried, how in the world did you guys end up investing so much into hot air? There have been a lot of people who invested into some white papers during the first bull market in crypto, but I think most of them learned their lesson. By now really everyone should have heard about potential forms of scams, but investing in a business that doesn't exist at all is a fatal mistake that I think one should pay the price for. It sounds too naive to me. I don't know how much money you are talking about here, but if it was existential I think it is even more naive.
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone.
It's always a wise and the best idea to do research before investing your money into unknown business both offline and online. You wouldn't know about what would happen next if they suddenly doesn't give something as expected in the contract and they can just pretty easily make fake company to gain innocent investors so they can run away with them. It's pretty common to see, especially with how they "offer" a big return and that's how you should suspect them.Do you feel down when such sudden hits happens to you?
Good thing that I haven't fell into this kind of scams. But seeing lot of people got scammed by this, I can see the pain and suffer they must get through just to get over this. But lesson learned, that's all I say. Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
Investing is all about risk and trying to minimize it while extracting the biggest returns possible. If you want zero, or at least close to zero, risk then you should keep your money in the biggest banks earning 2% if you're lucky via a savings account. That being said, people can often be far too naive when it comes to handing over their money if someone throws them a sales pitch and there is often a level of greed to it. People see claims like doubling your money in a few months and start to have wild dreams of what they could spend the money on, but ignore the fact that such a return will come with extremely high risk of losing all your money. Be happy with taking 6-8% out of the stock market where your risk is reduced, especially if you buy an index with a diversified basket of companies.
Indeed right, investing do have risk in, that you needed to understand before jumping into any conclusion to use your hard earned money. The point is, you are willing to take that risk to earn decent earnings,
but the problem, without further knowledge about the industry, you will find yourself losing your investment instead of seeing it to grow. Before you take your step better, to equipt yourself with the right knowledge and the right idea to make sure that once you risk, you have proper sets of expectations and target to achieve.
With being said, you should take more time in learning the market that you are going to participate and use only the amount that you are willing to let go, if in case something bad happen to you always have a good backup money to finance your next try.
I understand how you feel about losing money and with your unpleasant experience of losing money. It is crucial to exercise caution when selecting your investment partners and conducting thorough research. It's prudent to invest in legitimate ventures with a proven history rather than fall for a "get rich quick" scheme. Your friend may not have been aware of the hazards, but it's necessary to be vigilant and attempt to recover as much of the missing funds as possible.
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
Investing is all about risk and trying to minimize it while extracting the biggest returns possible. If you want zero, or at least close to zero, risk then you should keep your money in the biggest banks earning 2% if you're lucky via a savings account. That being said, people can often be far too naive when it comes to handing over their money if someone throws them a sales pitch and there is often a level of greed to it. People see claims like doubling your money in a few months and start to have wild dreams of what they could spend the money on, but ignore the fact that such a return will come with extremely high risk of losing all your money. Be happy with taking 6-8% out of the stock market where your risk is reduced, especially if you buy an index with a diversified basket of companies.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
When I first started out with investing a long time ago I was checking the prices constantly and always felt really bad when I saw red numbers. It took me several years to accept the fact that there will be bad weeks where our portfolio will drop in value, there is nothing we can do about it. It's part of the game, even the best traders have bad trades. That's why it's important to learn how to deal with losses. So far I only used money that I can afford to lose, which is probably why I never lost sleep over it. But if you experience physical pain over your trading positions than something is wrong and you need to change. My advice to you is don't put all your money into one asset. Better to spread it out over several different assets, than the chances are much higher not all investments will be in the red at the same time.
Of course, if you are new to the crypto industry and this happens to you right away, you will be really disappointed, and you will think that this is how it is in the cryptocurrency business industry. But even so, if you are the type of investors who don't just get discouraged, you won't just give up or stop investing in the world of crypto because you know yourself that you are a risk taker.
Losing money due to fraud or bad investment can make you feel very bad. I understand that because I am going through the same thing as you. However, it is very important not to give up on the situation and to learn the lesson from the experience.
Since it is important to understand the risks associated with investing and not to put all your money in one place, this is what I did after falling victim to a fake investment scam. In addition, it is important to always do research and check the background of a company or website before making an investment decision. Although losses may occur in investments, with a careful and prudent approach, you can minimize your risks and increase your chances of success in your investments.
Since it is important to understand the risks associated with investing and not to put all your money in one place, this is what I did after falling victim to a fake investment scam. In addition, it is important to always do research and check the background of a company or website before making an investment decision. Although losses may occur in investments, with a careful and prudent approach, you can minimize your risks and increase your chances of success in your investments.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
it is important not to continue to mourn the loss and to find a way to bounce back. First of all, try to stay calm and seek help from friends who can give you support. You can also seek advice from experienced investors on how to manage risk in your investment and minimize future losses. Finally, remember that losing investments is part of the game and sometimes it can happen to anyone. What matters is how you respond to the situation and continue on your investment journey with greater discretion and caution.I agree.
Moving on is pretty hard after such experience but after some time you'll just laugh when you remember the time you got scammed because of your own naiveness, I guess that's pretty normal as a beginner, but also not an excuse. The moving on part will depends on how much money he lost, the bigger the money, the harder it will be to be accepted, especially if that's his last money and he risked it all hoping for something good.
Nothing that can be done now as he already experienced the scam part,
like you said depending on how much the money the person lost and the weight of naiveness I mean if he
really didn't do any research. It's easier to accept, but when you do all the research and still ended up getting
scammed I think that also added to the factor of acceptance.
Losing money of course is something that really makes us sad, of course everyone has experienced losing money, and in my opinion the best thing to keep us from losing money is to try to do our best, investments that promise high profits are of course at risk because of the opportunity to lose or scam as well very high.
Jump to: