Topic: How I became poor through Bitcoin and Altacoin (Read 1308 times)
The biggest mistake you made was investing the whole 10BTC to trade, why not invest 10% or 20% of your total capital? which is a fundamental rule in trading, you could had started with a proportion of your capital and gradually grow your investment using a good money management while investing the whole capital amount to a suicide because price does not arespests anybody.
How I became poor through Bitcoin and Altacoin
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
Dude, if you've only dealt with btc and eth, then you're not likely to lose unless you're looking for short term trades, and even with that, bitcoin has broken ath recently so you shouldn't be at a loss. Etherium is for long time holding so you may want to just keep your eth safe for now
I got to at $2800 then like i said before i never knew what segwit was at that time, it was my first time of coming across it..i didnt do my own research properly... I just saw it as an opportunity to trade. If I knew what I know now... I would hold it in Bitcoin..
I don't need you to believe me because I'm enjoying my freedom from now to Dec.. January is scarying for me..
I don't need you to believe me because I'm enjoying my freedom from now to Dec.. January is scarying for me..
This is what usually happens when someone takes absolutely unnecessary risks in a field that they do not know. Obviously the lost money can not be recovered, but the altcoin market has enough potential to provide you with the means to pay your debts, but you have to negotiate with your creditors to obtain a longer term to pay your debts.
Meanwhile, continue working hard on airdrops, signature campaigns and forums such as https://deeponion.org/community, where active participation is well paid.
Control your emotions in trading dont let your emotions make you poor join the bhounty and join airdrop to get additional tokens
How I became poor through Bitcoin and Altacoin
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
You are learning the hard way, as have many others that trading crypto is no easy task. At any point the market can take a big drop or rise a lot and you will get taken for a lot if you are on the wrong side of it. Unfortunately, there is no way to predict these market moves.
How I became poor through Bitcoin and Altacoin
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
Op I think you misunderstood sigwithx activation that happened in August, since you keep saying that that is the reason you lose your 10btc in ethereum and bitcoin trading. Sigwith only make people to make money since that time and not losing money! Though I think Those that lose money since August are Maybe margin traders not coins flipping between ethereum and bitcoin. I think you should learned how trading work before venturing into it again as this has alot to do with the whole process and success in your investments. Hope next time you will be able to recover your loss! Good luck. I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
Thats really big trouble and you should never have taken the graduate loan for the trading! Thats ridiculous man and its never advisable to put the money from loan to something which has got less odds of surviving in the log turn.
For now you should be working very crazy day and night to pile up those 10 BTC which seems impossible in a month time. I mean you should start working on al the available option and keep the leisure outside your to-do-list. That mean only one thing, work hard and grab those millions before you start getting into more trouble. Remember pal do not loose hope and get frustrated with this, just stand up and work on possible ways of earning. Get real job as well as part time intern or something. It will give extra share too.
For now you should be working very crazy day and night to pile up those 10 BTC which seems impossible in a month time. I mean you should start working on al the available option and keep the leisure outside your to-do-list. That mean only one thing, work hard and grab those millions before you start getting into more trouble. Remember pal do not loose hope and get frustrated with this, just stand up and work on possible ways of earning. Get real job as well as part time intern or something. It will give extra share too.
How I became poor through Bitcoin and Altacoin
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
You did a big mistake. How you can invest your all bitcoins ?. Never invest your all money. Do you know you can start with less amount like 50$ to just start after getting some info and experience you would invest more. Anyways you could hold them do you know price is higher than before. If you're going to start again then i suggest you manage at least 1btc and invest it but this time you have to be smart .
You fall in the trap of bitcoin trading. All the people are saying that making profit with bitcoin and cryptocurrency is very easy like you just invest and wait.
You thought it is easy to get rich easily so you loaned money and you invested in bitcoin. You should have studied all the advantages and disadvantages of bitcoin trading before loaning 10 bitcoins. Or maybe you should have buyed only 0.5 btc or lower and try the system to see how it works.
Dont invest anymore in bitcoin because you are not ready right now. You lost a huge amount of money and now you are determined to get it back so you would try every method that offers huge profits. Eventually you will loose all your bitcoins because you are nervous
You thought it is easy to get rich easily so you loaned money and you invested in bitcoin. You should have studied all the advantages and disadvantages of bitcoin trading before loaning 10 bitcoins. Or maybe you should have buyed only 0.5 btc or lower and try the system to see how it works.
Dont invest anymore in bitcoin because you are not ready right now. You lost a huge amount of money and now you are determined to get it back so you would try every method that offers huge profits. Eventually you will loose all your bitcoins because you are nervous
You can choose bounty campaign of ICOs to start again. After finishing ICO you will get tokens from them. then sell it to buy Bitcoin
How I became poor through Bitcoin and Altacoin
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
You should not have invested such a large capital to buy such risky assets which are not backed up and you started trading without knowledge which cause you to loose your coins.You should have contributed a little and hold it for long time and gain profits as btc rose 3-5 times from July to at present or should have earn some btc from campaigns and then invest in digital currency but still there is risk so you need sound knowledge if you want to survive in long run and reap profits. I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
I got to at $2800 then like i said before i never knew what segwit was at that time, it was my first time of coming across it..i didnt do my own research properly... I just saw it as an opportunity to trade.
You're saying that you saw SegWit as an "opportunity to trade" but SegWit is not a separate coin. SegWit was activated on Bitcoin's mainnet about two to three months ago and is gradually being used by major services. It implements a new transaction format in which witness data is separated from the transaction and is not seen by legacy nodes, thus raising the effective block size without a hard fork.Your wording implies that you still don't know what SegWit is, even after losing your money.
Then segwit took place, it's was like a news to me, I saw all my coins crashed
I'm guessing you were trying to trade futures for the potential hard fork SegWit2x, which has now crashed as the fork is unlikely to occur. I'm sorry for your loss.Can someone advice me on how to start again.
You seem to have a gambling problem. You shouldn't be loaning money to spend on risky investments. IMO, you should stop dealing with crypto altogether, to avoid the risk of ever digging yourself deeper into a financial hole. I doubt that you have the emotional maturity for dealing with it.
It's obvious that you should stay far, really far from anything related to trading. I understand that people want to take advantage of Bitcoin's market, but an important aspect is that you should know what your limits are in terms of your understanding of this market, etc. You just blindly jumped into something you don't know anything about, which explains how you burned through your capital. It's sad to see someone lose that many coins/money, but this market isn't a joke or a fun thing -- mistakes in this market can and likely will result in severe losses, and in your case, it did unfortunately.
Limits are important but some people see crypto trading as an easy move to make a lot of money without learning or understanding what they are embarking on. Who does that ?In as much as someone can even try it with a small amount of money and get scolded for it, 10 BTC is a whole lot of money to just throw away like that. I still do not understand what the OP is driving at, but it sounds impossible, most especially for a loan.
Since he said he traded with them, except he bought shitcoins, there is no way he won't still have all the 10BTC gone since it is not like all altcoins are $0 in value right now. And looking at that time he bought them to now, and which apparently he bought the bitcoin with fiat, he should still be able to have some funds left or just chill for the altcoins to get pumped back.
If you don't have money now, I think you should find some bounty campaigns to join now. With tokens you receive, I hope that you can trade again.
How I became poor through Bitcoin and Altacoin
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
I am very sorry for your losses.
There is not much left to do with your current situation,
except to wait for a good return from your investment and if there is a possibility to ask time from the lender or lending firm (I'm unaware of graduate loan policies).
CryptoCurrency trading is not like forex.
Cryptocurrencies are like an asset and which belongs to you after buying.
So if you haven't bought shit coins/tokens than there is a possibility of price increase in future.
You're not the only one made that mistake, people often think that make money with cryptocurrency is just like an easy game for children and they can earn as much as money as they want but they're wrong. Nobody can earn money from trading cryptocurrency without any knowledge and experience but there are a lot of people still do that. At the moment when the price of Bitcoin keep increasing very quickly I think it's really hard to earn 10 BTC in few months unless you have a lot of money to invest. But I think it's impossible for you at the moment.
Please, if you are about to make a big decision, ask for someone's opinion or post on this forum to let us help out. I am sorry for what happened to you. But nothing cannot be rebuilt again. For now, mourn your failure and start afresh. Bitcoin is a world of good opportunities.
You may want to start collecting bitcoin again through this forum. Your dad can wait a little bit longer. What is done is done. Do not blame yourself or give up. Good luck, mate!
You may want to start collecting bitcoin again through this forum. Your dad can wait a little bit longer. What is done is done. Do not blame yourself or give up. Good luck, mate!
Thanks for your advice I will still stick on airdrops, I don't know what awaits me in January because that's when the loan Cooperative will be needing their payment..
Please how do I get the book written by Alexander Elder. All I need is encouragement to face up things within me.
Please how do I get the book written by Alexander Elder. All I need is encouragement to face up things within me.
I see that you are panicing, but is it really vice to use money on investment books at this point? Of course if you have a good public library system in your country (I don't know where you are from) then reading is good. And you have two months before you have to pay, maybe you can study other options for paying / other kind of loan. Do you dare to tell us where you are from (understand if not.)?
How I became poor through Bitcoin and Altacoin
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Can someone advice me on how to start again.
You really have encountered the most difficult experience in bitcoin. I am sorry for you but you shouldnt have been careless with your decisions. Cheer up, rise up and stop thinking of how much your lose was. Join the airdrops, social media campaign and make yourself rank up. Goodluck buddy!
How I became poor through Bitcoin and Altacoin
I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
I cannot understand how you are poor when you invested money back in January and you are trading bitcoin,are we on the same planet ,the price of bitcoin was on a rally for the past year and it has broken new grounds every month and how come you end up in a loss when everyone earned a hundred percent profit,are you telling that you invested everything back in altcoins if so i can understand the loss you have encountered,other than that there is no way you could be at a loss if you are particularly dealing with bitcoin alone. I joined Bitcoin trading June/July and that's the worst mistake of my life, thinking i could trade..
I got 10btc through graduate loan to pay back in January only for me to venture into Ethereum and Bitcoin trading.
Then segwit took place, it's was like a news to me, I saw all my coins crashed.. all i wanted was to make some income and help my dad but I got into money debt.. right now I left with fears of January..
Thou free airdrops has been my only hope for now..
Jump to: