How do feels losing money? - page 11.

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Quote from: JamesBorn on April 13, 2023, 10:24:03 PM

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 am very sorry for your loss and I hope it will not happen again. It is important to know that you should never regret investing in Bitcoin, since the price is unstable and the bear market periods will not end. Loss with Bitcoin is always situational.
This is a stage that we all went through, whether it happened to us personally (most of the time) or we watched it happen to others whenever the price went down a lot or went up. Feelings of frustration affect all investors at a certain period, which is usually in the beginning stage. For example, I remember how I sold 1,000 bnb at a price not exceeding $50, thinking that I had won after I bought them at a lower price than that a while ago, and also believing that the platform project is a failure like others and that it will undoubtedly collapse. If I had left them until today, I would have become rich.

Vishnu.Reang

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Quote from: KiaKia on April 14, 2023, 09:48:37 AM

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's very painful reveal financial loss or ruin to others. A year ago when i lost my bunch of money which i saved for my computer training since 2 years but when i lost it sadness was there a natural response was that i was very upset. Fear and anxiety around what the future holds and the uncertainty ahead may lead deep despair, sadness and tears.

I can understand when we lose money we feels like crap but after having sudden level of sadness, fear, anxiety most important thing is learn from mistakes
what keeps you going is knowing that all your losses are the footsteps to successful wins.

So it feels like crap when you loose a lot of money but the lessons learned are worth the knowledge gained each and every time.

Gallar

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Quote from: JamesBorn on April 13, 2023, 10:24:03 PM

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?

Losing money, assets or other valuables, everyone will definitely feel down and hit. What's more, what's missing is money earned through years of hard work, that would be very painful.
Therefore everything that is going to be done, must be done carefully, do not get carried away by passionate moods, everything must be done with a cool and calm head.
Because fraudsters in an era like today are getting smarter in controlling the moods of their potential victims.
Especially in the field of crypto investment, fraudsters are easier to carry out their plans, only at the lure of multiple profits, many people are deceived, and most of all those who are deceived are beginners.

Quote

Since 2021, more than 46,000 people in the United States have lost a total of US$1 billion or around IDR 14.4 trillion due to fraud related to crypto assets.
The United States Federal Trade Commission (FTC) stated that nearly half of the 46,000 victims of crypto asset fraud were trapped by advertisements or messages they received via social media.

Source: https://www.cnbcindonesia.com/market/20220605164453-17-344492/gara-gara-kripto-46-ribu-orang-tertipu-rp-144-triliun-di-as/amp

In conclusion
If you want to start something, especially in the business sector, the point is to be more careful, and don't be too tempted by big and unreasonable results.
Because now the era is getting more sophisticated, this makes it easier for many people to do various things to make money or whatever it is, including fraudsters. They are also easier to carry out criminal acts, because they are assisted by the existence of technology that exists today.

Uruhara

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I'm sorry about what happened to the OP. I hope you can recover and learn from this incident. I personally have never experienced a large loss. but I used to have a friend I could trust. we plan to make business together. but in the end he even took away the capital money for the business. well I was in shock for a few days. but then I realized that just being sad is not enough to make my life better. so I started again by working to raise capital to build the business that I aspire to be. and now I still continue to collect capital by saving and investing. and I have also forgiven my friend. because I thought that holding a grudge in my heart would only make myself unable to think clearly. I want to be happy and let go of sadness. and now I am happy and the events that have passed have made me a valuable lesson. that in this day and age even the closest people we cannot completely trust.

Aikidoka

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I'm so sorry for your loss. However, I don't recall losing a lot of amount of money investing in Ponzi or scam projects. I did lose a few bucks in the past while investing in cloud mining sites like Hashocean if i remember well, but since then, I have become more careful in deciding whether a project is worth my money or not. I recommend conducting your own analysis and research before investing in a project. You can gather information through their website, CEO (if genuine), and other relevant factors

yhiaali3

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Quote from: JamesBorn on April 13, 2023, 10:24:03 PM

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?

We all feel this pain in such moments, loss is painful even if it is small.
A few days ago, I lost about $100 in the hacking of the SushiSwab platform, although the amount is rather small, but one feels sad. This is normal, but you have to get over your grief and move forward.

Sorry for your loss, but you should not regret investing bitcoin these days. On the contrary, investing bitcoin in a bear market is much better than a bull market, but you have to be patient and learn to hold.

Dickiy

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Quote from: JamesBorn on April 13, 2023, 10:24:03 PM

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?

It would be very sad if it happened to me and maybe I will feel the same way as you if you lose that big money, here the important thing is to see a business both fundamentally written and understand what is being done and also legal certification of course must exist if the capital that is used is quite large in a business, this fraud occurs a lot everywhere with sweet promises of big profits and it turns out to be a ponzi scheme to take your money from you directly without realizing the risks that might get like that, you need to read and consider if you want to make an investment so that something like this doesn't happen again in the future.
Never mind, let it be past, enough to be a lesson for you and I hope you will get more money than you are losing now in the future, don't think too much about your mentality, you need to be looked after, sir, and you have to work for your family.

Marykeller

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Regardless of how much money is lost, I have never seen somebody act as if nothing occurred after experiencing a financial setback. It's common to have feelings of regret and grief throughout the day as a result of losing money on an investment that you had high hopes for. Anyhow, there are many various lessons in life to be learned. Some things you learn the hard way or from a straightforward error. All of these life lessons are intended to help us learn and become stronger people by teaching us not to place our hopes or trust in a business venture that promised profits since they might behave strangely the next day.

In the current situation, you and your friend should inform the police authorities about the business investment and provide them with proof of payment so they can issue a wanted declaration for the MD of the company because you and your friend are not the only ones who were duped by his dubious act of promising great investment returns.

teosanru

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Quote from: JamesBorn on April 13, 2023, 10:24:03 PM

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?

Obviously it does. I remember once when the market fell to 28k from 40k my liquidation in the market was just 1k dollars away from the lowest price and market fell by almost 13k in just a matter of few hours. When the market was falling I could feel shivers down my spine after market was falling every 1k. It was my hard earned money from a lot of successful trades and seeing it in this way made me really sad but happily it didn't went so down and market eventually picked up.

Oceat

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If you want to find a legit business investment there's a lot of things you need to know in order to find them real. First, ask what are their products and if they will give you a sample then simply find where it came from so that you will know if they have a legit business. Second, don't just trust a number when they were giving you as a result, find a proof that these numbers aren't just made for you/them to believe that they were legit.

Always be cautious to everything if there's a too good to be true offer and do your own research. It's always a very hard lesson when someone didn't know what they are investing, I hope this serves as a good lesson for you OP to not do it again if you don't know what you are investing. Always do your own research before it's too late.

DiMarxist

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Quote from: Litzki1990 on April 13, 2023, 11:49:25 PM

People say that grieving the loss of money is like grieving the loss of a child. And I believe that just as a child is nurtured with care, money has to be worked hard for and after hard work when the desired money comes in hand but with that money we fulfill many hopes or needs of our daily life. And the remaining money is deposited in their locker very carefully so that there is no loss of that money. But when that money is lost in a moment, the grief is understandable. The only thing you can understand is the grief you feel after losing money.

Quote from: JamesBorn on April 13, 2023, 10:24:03 PM

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

Like you I was a victim of such a situation. And the last few days I have been different from the time I was subjected to such a situation. I was pretty devastated to say the least. This happened when I invested in Luna Coin. Within a day, my hard-earned huge amount of investment was wiped out. I could not control myself. However, I came out of that time with much difficulty. And then I could understand what it would be like to grieve the loss of money.

I fall into this can situation, he happened to me and my cousin brother too, in Luna coin investment, when me and my cousin invest a good amount investment in Luna coin for two or three days, the investment just wipes out like yours, I feel like killing myself, when this can issues occurs, you will have bad thought everyday, my cousin nearly to commit suicide because of the money he lost, he got drunk every moment and everyday, even me too I was like a person some times I don't what am doing, I can not controls myself, to talk to people became heavy for me, and I always feel like staying indoors, and lonely.

salad daging

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It's more painful especially when we collect money for a long time.

I also feel how in the past I was deceived by the investments that were offered, maybe you could say early in its time, but for now I will not be involved in any investment, especially with high profits, it is clear that it is a ponzi scheme that is run as real, especially having an office and it's just a mere guise.

This has been a lesson for you, in the future you have to do more research if you want to get involved in real investment, let yourself be involved in the investment and don't just put money away or it's better to open your own business instead of relying on other people.

Remember third parties are always troublemakers when they see big money.

Rruchi man

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Quote from: JamesBorn on April 13, 2023, 10:24:03 PM

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

At the news about the loss of an investment, it cannot bring you joy because it is a bad news and not what any investor will want to hear. This kind of news hits really hard when you committed a lot of money financially to the investment, money that you would not have liked to loose. General advice is to first do a proper research personally before committing to any investment, and then invest an amount of money that you can loose because there is always the possibility of loss when investing.

It is a sad story OP, I hope you have learnt from the experience.

KiaKia

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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.

Smack That Ace

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It sounds like you and your friend invested in a Ponzi project rather than a real business. Whatever the reason, losing money is always a very unpleasant feeling, but in this case, you can't blame anyone because it's your own fault. It seems that you have been blinded by your greed when investing in scam projects that promise high returns.

It was an expensive lesson for you, and it happened anyway. Instead of continuing to be depressed, you should think about how to make back your lost money, I mean work hard, and find reputable investment sources like bitcoin or real estate. Don't just run after projects that promise high profits, they are all scams.

misterrtwisterr

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You'll often hear "don't gamble more than you're willing to lose". Same applies to investments. Or borrowing money to people. If you lost more than you can afford, then you'll feel even worse than if you lost a smaller sum. I think you got a valuable lesson in life. Now embrace it and learn something from it.

Hispo

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It always baffles me the amount of both uneducated and educated people who get involved with those scams. I kind of makes me feel my faith in humanity a little bit, to be honest.

OP, just try to heal mentally and realize what your mistake was and never get involved with the so-called "high-risk" investments, they are all a scam designed to empty the pocket of as much people as possible taking advantage of the fact Bitcoin and altcoins transactions cannot be reversed.

This has never happened to me, but I would feel very bad.
Fortunately, I took my time to study what the most common scams are within our community. I hope you can recover from this and never get involved again with criminals.

Good luck.

AicecreaME

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Background research first is very important if you're gonna invest your money on someone or something. You never learn until something happened, so I hope you do better the next time. The best choice is to accept it and move on, you can file a case about it but it'll cost you even more and will take much of your time, but it depends on what legal actions you guys wanted to do about it.

It's normal to feel down after such bad investment, or should I say ponzi investment, that are too good to be true, that's why don't ever trust your money to someone you don't even know.

Reid

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Absolutely. What else would you feel when you lost a lot of money? Stress, Down, Regrets, and mostly negative thoughts. Just please don't think about something worse than that.
This should be a good learning point. One mistake it's their fault, blame them, but next mistake it's your own. It's called being stupid.
Remember, if a promise is so good to be true, don't believe them. That is how they will market their business here in the crypto industry then try to hoard as much victims as they can before they rug pull.
Next time, DYOR. The lesser trust you give them the better choices you will make.

bitzizzix

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It's a shame because there are still many people who are still tempted by investments that promise big things that end up being fraudulent. In fact, there is a lot of news like this everywhere and it is advised to be more careful, don't believe easily and do very thorough research before getting involved.
Currently there are many forms of investment because at this time everyone invests to develop and secure their assets so that in the long term they can generate profits, and this moment will be exploited by fake investments that will end up in fraud. And they form a team with their respective duties to find investors who are easily tempted to invest and are promised big profits in the near future, and this problem in my opinion is the fault of consumers or customers because they do not have knowledge and experience and are also not updated on news that there is and what is more important is that they did not do any research or research beforehand.

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