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Topic: I lost all my bitcoin (Read 1380 times)

jr. member
Activity: 80
Merit: 1
February 21, 2020, 11:04:44 AM
Have you lost ALL your bitcoin? So, now you have nothing?  Angry If yes, it is too bad. I don’t know how much you’ve lost as I don’t know how much you had, but I hope that it wasn’t more than you can afford to lose.
full member
Activity: 251
Merit: 101
Bitgesell (BGL) Decentralized Cryptocurrency!
January 28, 2020, 10:14:11 AM
I think this happened because of your lack of calculation and analysis in investing. Because in the fluctuating world of crypto, the worst possibility is to lose all the assets we have.
hero member
Activity: 2562
Merit: 577
January 27, 2020, 08:49:56 AM
If you're bullish on bitcoin on the long term, why not just simply hold it? Historically, just simply holding bitcoin can earn you a good amount of gains. And not only that, when you passively hold bitcoin, you have time to do some other productive things instead! You can use the time(that you're not trading) to learn stuff and start businesses.

But of course, control your risk. Bitcoin, stocks, and businesses. Don't go all in.

i agree with you mate, no matter what anyone will say, it is still much better to hold btc long term than to risk losing it especially when nothing is guaranteed, it doesn't make sense taking unnecessary risk, if you had bought btc 1 year back you will be in profit by now, except of course, you are too impatient and want to make profit withing shortest possible time.
legendary
Activity: 2926
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
January 28, 2020, 04:34:35 AM
let me guess, surely you do leverage trading, leverage trading can indeed maximize profit, but the risk is also very big, very not recommended especially for beginners, in this forum there are many who trade bitcoin but don't lose all bitcoin, so far my bitcoin is still okay, because I trade normally without leverage.
Due to lower profits in spot trading and hence he might be one of the leverage traders. This kind of trading is really much riskier but it also gives huge profits. It is somewhat similar to betting as you said as we actually need to predict the price to short or long our orders.

Ordinary trading can too give us profits if we diversify our capital into some high volatile coins and then start trading with them in the high volatile markets. This might also start being an hobby as you would need to start gaining interest in speculating the graphs all the time to make you even more closer to the markets and gain more profits.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
January 27, 2020, 08:37:47 AM

Going short or long has got me so much money but at the same time, it makes me too bold.

 

Now what?

Stop doing it? or Start diversified investment in Stock?

or Not at all?
I am still struggling to understand the connection between your post as the OP and the topic title you have here. Am I the only one trying out this puzzle?
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
January 27, 2020, 06:01:03 AM
I don't see the connection of your title to what you want to ask. That's your money and you can continue your plans of holding it. Determine yourself for shorting or going long right now. You can diversify as much as you want but the very tip that I'll tell you is don't leave your bitcoin investment and never sell all of it. Sell some for diversification but still allocate an amount for a longer time so that if bitcoin ever pumps again and grows naturally, you still have something to get.
Quitting is never a good option, but as you have already experienced a lot in this market you can excel in many ways. As in diversification, you will determine percentages for the distribution of different assets. Diversified investment will reduce the chances of risk and increase the chances of success. You should go for the diversification it will benefit you both in short term and long term investments.
If bitcoin has never been good to a person, quitting is an option and probably the best that they can. We, who are living already on this market can easily say that quitting is not a good option. But for those people that has not been fortunate with bitcoin, they have all the means to quit if that's for their good.
Quitting doesn't mean that you are weak but it's also an option for us to choose if we think that it's no longer profitable and beneficial to us.
newbie
Activity: 5
Merit: 0
January 27, 2020, 05:19:30 AM
talking seriously that's the risk u take
sr. member
Activity: 938
Merit: 251
January 27, 2020, 04:53:40 AM
Unfortunately, this situation is very painful. This market can happen to anyone who trades. Hasty investments can hurt you. If you trade with money you don't need, this will cause you less harm. However, you can be very upset if you invest in the market that carries great risks with all your money.
all traders who still have a little experience will definitely experience something similar like this because they are very susceptible to scams or phishing which makes them lose all of their assets even more so is the loss of assets due to wrong address sending because of inaccuracy, before making a shipment or transaction with using cryptocurrency you should be able to examine the recipient's wallet is suitable or not.
Almost trader ever lost their money with trading in bitcoin or altcoin, how expert some one manage which one coin have to invest keep get wrong prediction with their coin price, always made mistake when choosing with coin trade and invest, how many time ever your lost assets in bitcoin and altcoin trading?
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
January 27, 2020, 04:21:36 AM
Unfortunately, this situation is very painful. This market can happen to anyone who trades. Hasty investments can hurt you. If you trade with money you don't need, this will cause you less harm. However, you can be very upset if you invest in the market that carries great risks with all your money.
all traders who still have a little experience will definitely experience something similar like this because they are very susceptible to scams or phishing which makes them lose all of their assets even more so is the loss of assets due to wrong address sending because of inaccuracy, before making a shipment or transaction with using cryptocurrency you should be able to examine the recipient's wallet is suitable or not.
sr. member
Activity: 1876
Merit: 318
January 27, 2020, 04:17:27 AM
I have been frustrated like you for losing all the bitcoin that I have. All you need to do is stay calm, and never give up on bitcoin trading again.
You don't explain why you can lose all the bitcoin you have, but in my opinion you are wrong when used a strategy so experience a substantial
loss. Or it could be that you are too greedy and can not control emotions when trading, can cause you to lose all the bitcoin you have. Whatever
the reason is the most important you try to correct your mistakes, and start learning trading strategy correctly. So I'm sure in the next opportunity
you can make a profit to replace your lost bitcoin.
sr. member
Activity: 1274
Merit: 278
January 26, 2020, 09:16:27 PM
That shouldn't happen because the market allow traders to decide to win or to lose, it is in the matter of selling your cryptocurrency at the right time. In such a case, you shouldn't sell your bitcoin at lower price if you really want to earn. This is the problems newbies in crypto is doing. So to make things better, next time, try to diversify not the kinds of crypto you will buy, but consider buying bitcoin at different price levels. In this case, diversification of buying time frame will help you to avoid losses because buying dip and bull balances your assets.
full member
Activity: 756
Merit: 105
January 26, 2020, 08:45:26 PM
it is a risk, if you are too brave to eat you must also be prepared to accept the risk. so don't feel guilty, but it's good that you feel stupid, because you don't think carefully about something ,,
sr. member
Activity: 798
Merit: 251
Small Trader
January 26, 2020, 06:56:26 PM

Going short or long has got me so much money but at the same time, it makes me too bold.

I often do short trades to increase the number of my coins. But this method is too risky. Because you can also lose a large amount of coins. So, I suggest you do not do short trades too often if you want to minimize risk when trading.
sr. member
Activity: 840
Merit: 253
January 26, 2020, 06:11:46 PM
Unfortunately, this situation is very painful. This market can happen to anyone who trades. Hasty investments can hurt you. If you trade with money you don't need, this will cause you less harm. However, you can be very upset if you invest in the market that carries great risks with all your money.
full member
Activity: 868
Merit: 116
January 26, 2020, 05:56:25 PM
Well, it is not the end of the world if you lost all your Bitcoin. In my opinion,  you need to accept this fact and learn for this failed  experience positively and then you should deal with it wisely, that's how you can overcome this loss. And believe me, complaining and giving a ton of excuses will change nothing. Restart again and go make something remarkable.
Plus,  you should start buying an acceptable amount of BTC and ETH I would guess maybe like 500 USD or 1000 USD especially in this period and of course you need to hold all them, and in the next PUMP try to invest in some cryptocurrencies who have a low price like Ripple, Tron especially Tether.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
January 26, 2020, 05:01:23 PM
#99
Stop doing it? or Start diversified investment in Stock?
or Not at all?
Why would you stop when you will literally come back later to recover your money, I would rather to come back and just only invest that you can afford instead of all in because making something big is not a must in trading because that's not gonna make you rich instead the greediness will lead you to loss.
that means something is wrong if you continue to lose, do not force something that we do not have the knowledge about what we do.
but if you want to learn, never give up because later you will get the best results. if the long term better invests in parent altcoins the results will be very good.
What currently is wrong with him is that he lacks knowledge. What you have said is what he needs right now, if he wants to learn, he should never give up but first he should prioritize learning especially from the mistakes he have done to get the best result in the long run.
That is why before entering in this kind of investment they should have some knowledge for them to work well and earn, and get what they want. They should have plans for everything so that the chances of failure is too low. Going into a investment is too risky because you are depositing your money in a project and it is you responsibility to know if that is a good project. There are some project that are scam but you cant just invest to that because you should study every project, whitepaper is important because it is where all the information that the project have. You can read that and can say that the project is good based on their whitepaper. You can also visit their website and check if that is legit. And also the reactions of other investors, you can get jnformation from them if that project is really good for investing.
hero member
Activity: 1862
Merit: 830
January 26, 2020, 01:47:17 PM
#98
Well trading is always risky therefore I do think that you should have known since the starting that the faster it goes up the faster it goes down .
Therefore you could now sell your services or even put up with this forum and then participate in the events and even take part in the signature campaigns after a while , a stable small payment would be actually nice therefore there is plenty of options , what you have lost cannot be retrieved focus on the future.
legendary
Activity: 2268
Merit: 1655
To the Moon
January 26, 2020, 01:29:34 PM
#97
let me guess, surely you do leverage trading, leverage trading can indeed maximize profit, but the risk is also very big, very not recommended especially for beginners, in this forum there are many who trade bitcoin but don't lose all bitcoin, so far my bitcoin is still okay, because I trade normally without leverage.

Having no experience in margin trading, beginners tend to get as much profit as possible. And as a rule, the maximum leverage is chosen instead of the minimum risk. This is exactly the case when you can lose your entire Deposit if you do not close the transaction in time.
sr. member
Activity: 1344
Merit: 270
January 26, 2020, 12:55:00 PM
#96
Before trading you have know what risk will you get and never make sense with bitcoin and altcoin investment, you can lost all your assets when trading in bitcoin during have lower price but you can get double profit if bitcoin back to higher price, be careful when start trading with bitcoin and altcoin.
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
January 26, 2020, 10:45:40 AM
#95
Stop doing it? or Start diversified investment in Stock?
or Not at all?
Why would you stop when you will literally come back later to recover your money, I would rather to come back and just only invest that you can afford instead of all in because making something big is not a must in trading because that's not gonna make you rich instead the greediness will lead you to loss.
that means something is wrong if you continue to lose, do not force something that we do not have the knowledge about what we do.
but if you want to learn, never give up because later you will get the best results. if the long term better invests in parent altcoins the results will be very good.
What currently is wrong with him is that he lacks knowledge. What you have said is what he needs right now, if he wants to learn, he should never give up but first he should prioritize learning especially from the mistakes he have done to get the best result in the long run.
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