Topic: I lost my life savings trading Bitcoin Don't be like me. (Read 442 times)

I had this feeling when I lost big for the first time in gambling, not with trading. Somehow I came out of it. There is lot to go forward and achieve in life, we should not go down. What you've done is really good. When you were able to share it, you feel relieved and relaxed.

Based on the way op have shared the incident it looks like he had been trading and he could've been making mere profit out of trading. To make better money he could've shown interest into gambling. This could've caused him to loss big.

I've been through the same thing as you. Sometimes life can be very difficult and we can feel lost. But the important thing is that we should not take everything on our own. Seek help from those around you, like family and friends. It's not a weak thing, but a powerful move indeed. And about investing, always research carefully before participating, because investing always comes with risks. Don't forget that you can overcome challenges and find positive direction.

I think defeat can be a valuable lesson for yourself, namely so that you become a more careful person in every action you will take in the future. But giving up is another mistake to avoid if you don't want to disappoint your family. You just have to get up and start working to produce more than you have lost. It doesn't matter how much time you need to make up for the losses you have suffered. But when you try and fight hard, one day your hard work will produce extraordinary things.

Believe me, many successful people start from a failure. I don't want to say I was successful. But I ever at a point where I lost all my capital. But I didn't give up and when I returned I struggled with the lessons I had learned from failure. Which then led me to a better life now.

And I personally want to say that fast trading should be avoided by anyone who is still not ready with scientific discipline and experience in trading Crypto. Because to be successful in daily trading, not only do we have to master technical, fundamental and sentimental analysis. But we also have enough insight and enough experience in managing or managing our emotions. There is indeed a lesson about trading psychology. But that's just theory and practice is more difficult than theory says. So what plays an important role in this case is experience.
Another secret in the world of crypto trading is that we have to have information earlier than anyone else. that's why people are willing to pay more to enter the VIP class. not to get a signal but to get information faster. Beginners enter the VIP channel because they believe they can get benefits from the signals shared by the VIP channel. even though it was a small mistake that could cost them a big loss. Because basically we enter many channels, both free and paid, to get information faster than what other people get. And for trading signals, it would be better if we did our own analysis based on the information we have got.

Remember that technical analysis has a very small chance of success when compared to fundamental analysis. and remember that fundamental analysis also sometimes misses if it is not accompanied by sentimental analysis. And we can fail to do sentimental analysis if we do not master emotional management and risk management and trading psychology.

Broadly speaking I hope no one ever thinks trading is easy. It's not just fast trading but so is it in long and medium term investing. DYOR

Don't just give up like this. Many people have experienced huge losses in trading, yet many of them have found the strength to overcome this big problem and regain the money they lost. It won't be easy to be honest but it requires dedication and hard work to achieve. It's also important to learn from your mistakes and make sure that you don't repeat them – never again.

It's normal to feel depressed and believe that you're at your lowest point but it's important not to dwell on those emotions and avoid excessive overthinking. Instead, focus on moving forward as soon as possible. Set clear goals to recover the lost funds and seek support from those who are close to you in real life.

Very sorry for your loss, and this could have happened to anyone, not just you. I mean there are people who may have lost more than you can possibly imagine, but one thing I can assure you is that it's not the end of life.
You may have lost a lot, but I encourage and challenge you to get up and get going. Learn the lesson, and make better decisions next time.

"Easy" trading is anything but easy. I remember the first I wanted to try it and I wanted to do this because of all the series of good news I have been hearing from people all around me saying that trading is the new way to make money and if there is one thing human likes doing is looking for way to actually earn money and easy ways for the lazy for the lazy ones which I was before and this sudden rush to trade got me to lose some tangible funds I have planned for others all in the name of making quick cash just like what the OP has experienced and I took this lose as a challenge as I vowed never to get involved in something I don't have full knowledge about.

Here I was thinking crypto users just buy, hodl and sell (or vice versa)their bitcoins and they call it trading  ..

Besides, anything that involves liquidation of a position is definitely considered pro trading as this is the more risker than the basic trading of buy low and sell high kind of trading, and reading  the write up by the OP...I want to believe this was as a result of pro trading and doing this kind of trading myself, the trick is perfecting your trading skills and getting your risk management skills on point and you should be okay!
Otherwise losing your life's saving is always going to hurt anybody but if you commit to make profits in this industry,  don't give up..keep trying but on a demo account or something.

Hey there - wake up and see how cruel the world is. You shouldn't get discouraged by losses - they are a consequence of trading.

Don't let this bad experience just destroy your world - so wake up and create a better tomorrow with your experience today. Investing and trading is a risky activity - so it's okay if you fall once but next time you can still build your dream. Just don't be greedy.

You are not single man in the world face this issue and no need to be worry for past loss. I know this is not easy task to be patient after big loss but there is no other way. win and loss is the part of life whether it is BTC trading or other goods business and we always should enter in any business with proper strategies and after well learning.

I feel regret to saw your post but i believe that if you act with little courage i hope you will overcome your loss. Many user lost first and after a good try they at last win in this race.

OP you said that it might be your last post to the world but could you give us reply where and how you loss life savings?

1: You have been scammed by someone or traded in scam trading project?

2: You trade futures with high leverage and liquidated?

Failure is the pillar of success. Take this as a lesson and learn from it. Make sure next time you take the right steps and gain the right knowledge before starting trading. Remember, you can earn back what you have lost, but you can never get your life back once it's gone. There are people who depend on you. When you are gone, you will feel nothing! They will be the one to suffer.
Think about them before you take any bold decision. These are the phase of your life. If you can overcome them, only then you can become successful. There's also a saying, "trading is not for everyone". So if you think you can not do it anymore, there are other options available. Life is full of opportunities if you are capable enough. Make yourself capable and pursue those. Don't look for shortcuts as it will lead to something that you are already experiencing. Take care of yourself and give it some time... everything will be all right.

No need to feel sorry for yourself. No one is actually excuse from the inevitable losses in trading. Most especially if you trade out from greed, and with no sufficient knowledge and experience as well that made you completely lose from trading. But hey, you are not the only one suffering from this. In fact, a lot of newbies and even professional traders have their own fair share of losses, but they never quit, instead they make it as a motivation to be wiser and more cautious when trading, and that will only happen if you are knowledgeable on the risks that are involved in trading.

Trading is like gambling if you have no concrete plans or analyses. It is like you are guessing what move would be next for that token and that is definitely a no-no. This is not only with Bitcoin but to all cryptocurrencies in the market. Check your vision; if you are for instant profit then try to learn reading the charts, candles, and volume. But if you're okay with long term trading then simply be patient of waiting for its market value to increase. To put it simple; if you want more profit then you should provide more knowledge. Only less than 10% of traders are really profitable. You may hit some wins but in the long run, having no plan at all will just consume your money, no doubt.

Sorry, mate. Pick yourself up from this mess and try something different again. Really, there's some point in our lives where we do make mistakes due to lack of experience and inappropriate knowledge for what we decided to do, but you just gat to keep moving; you don't restrain yourself because of your mistake, but rather, you learn from it and make amends.

For you to lose your entire life savings, I think you have been trading and losing, and yet you keep trading. Learn to stop when you see that something you're working on is not yielding any positive results but rather causing you more loss than profit; that way, you will prevent more loss. I think if you must start all over again, then you could just rather invest in Bitcoin and hold than trade; you can just turn a great holder, and that way, you will still make profit.

Having a failed attempts the first time doesn't mean you're a failure completely, if i were you then I will take up the challenge and wake up to get back at it the second time and claim back what has already been taken from me, no one is above a mistake but we shouldn't let it come back to occurrence the second time, now that you've realized, why not take up the challenges if others are making money from bitcoin investment and get determined to also be in their category and make something different, don't loose hope and never give up on yourself.

I know how sorry and pitiful this story is, but I just want to point you to certain facts.
Firstly, I don't think this is the first money you have lost. It just happens to be lost on something you thought could double your gains, which is trading BTC.
Secondly, am sure it wasn't at once you lost it all, because if it is, then I would advise you abstain from whoever or whatever habits that must have pushed you to this height.
Thirdly,  it's funny you only discovered this Bitcoin forum after you had encountered failure in trading, because belonging here early on could have answered whatever questions you had before embarking on such a trade.
Furthermore, people have lost way more in investment than you can imagine, but with hope and tenacity they rebounded, and seeing you are new here, I can tell you are hopeful and would rebound sooner than expected.

Think of a way forward, and the way will be lit for you!

Op, I think there's no need to diminish oneself, and losing life savings is not the end of the world. I do hope you'll read the messages and realize it, see how many people here think so. Some people have zero savings and live from salary to salary. I've been in that place, where sometimes I struggled to even properly cover the basic needs and couldn't even dream of savings. Some people not only have no savings, but also have tons of debt. And some have the sort of debt they can gradually repay, whereas others have debt they can't repay and live in a place where things can get very violent because of that.
If you had savings before, there's likely a way to gather new savings in the future, but there's no need to focus on that right away. Yes, it's soul-crushing to go through such a change and to realize one's mistake, but taking things slow and trying to come out as a stronger person is totally an option.
Also, please call a suicide prevention line if that's where your thoughts are currently leading you.

don't be too sad, friend, and don't blame yourself too much, you are not alone, and feel like the stupidest person who previously thought that you were great, and trading is an easy way to earn money. make it a lesson and start to bounce back once you feel calm. the phase that must be passed and the main lesson is a mental crisis, because of our stupid actions, but that is commonly experienced by many people and the next stage you have to learn a lot if you want to be friendly with the market

I’ve heard this story so many times. Even in bull markets. The sad part is most of the time all people had to do was just hold Bitcoin. I wish people would get in the habit of buying and holding BTC and if they want to gamble or trade, do it with your stocks and cash. Then maybe you’ll take less risks. BTC should be for stacking though. Make your wallet one way only, growing.

The first thing you should always remember in your head is that in this world there are no get-rich-quick options, whatever you do requires process and knowledge. Bitcoin investment is like a double-edged sword, you need prior knowledge before getting involved in it. Let the loss that you just experienced be your personal secret without having to tell everything to your family. When you dare to do, then you must dare to take responsibility.

The failure that you just experienced can still be redeemed by success, you can learn from experience to turn failure into success. There is still time for you to make amends for all the mistakes you have made, as long as you are willing to learn and develop knowledge in investing in Bitcoin, you will reach a point of success.

Hey Op,  don't kill yourself because you lost your life-saving in trading, though I know the pains that come with it,  however, that's not the end of the world for you. you are not the first person to have lost his/her life savings and still, today are profitable traders and have recovered all that was lost, and you too can do the same if you can identify things you do that brought about the losses, what do I mean in essence is that you should learn lessons from this and if you have checked yourself and want to quite good.

Lastly, I think you need to rest and get more knowledge about trading before starting to trade again.