Topic: I lost my life savings trading Bitcoin Don't be like me. - page 3. (Read 442 times)

This is not the end of the world. You've lost money and money can be earned. Debts can be repaid. Your family will be mad for a while, but they will always support you. Taking "accountability for your actions" doesn't mean committing suicide. You have to work hard and earn the money, that you have lost.
How did you lost your savings? "Trading Bitcoin" seems too vague. Where you scammed by somebody? Did you make some wrong decisions by using leverage trading? Other people on the forum might learn from your mistakes. That's why I'm asking.
Failure is something normal. Overcoming your failures is the path to success. Learning from your failures is also the path to success.

Hi friends, loss is not the end of everything, you are not the first person to experience this incident, out there there are still many people who have experienced losses due to investing without knowledge. Never give up, make this bitter experience the most valuable lesson in your life.

You still have a chance to take all the money you just spent trading Bitcoin due to lack of knowledge. The next step you need to find more information on how Bitcoin works and try to increase knowledge in Bitcoin trading. Failure is delayed success, you still have a chance to achieve success after learning from the mistakes you have made in the past.

Sorry heard with your loss, but don't push your self in bad condition without wake up and repair back with your fatal mistake when trading in cryptocurrency. You can learned and take experienced with your mistake losing fund in cryptocurrency and wake up at the future how to be expert and success earn profit with cryptocurrency trading. I can't guarantee with all success businessmen never have fatal mistake, almost of them ever on drop position and try to fault their self but many of success businessmen wake up and get experienced with their mistake.

Come on for learning all important needed when trading in cryptocurrency, have many chance for you wake up from loss in trading and actually you can earn more than loss before.

I have been where you were MANY times, with projects that I took on and then it failed. I had to start right from the bottom with several mistakes and it just made me stronger.

I learnt from my mistakes and I just worked harder to try the next project. Bitcoin is one of my biggest success stories and I am very happy that I stuck with it, until I made 800% profit. I sold expensive vacuum cleaners and participated in failed Ponzi schemes, so I know what you are going through..... just pick yourself up, work even harder... do more research and the success will come. 

The bad thing about these kinds of messages is that you don't know how serious they are, and you don't know the person and can't do anything about it. It contains a veiled threat of suicide, and you can't notify the authorities or emergency services, because you can't check how serious they are, or even where they live.

It would be interesting to know exactly how much he lost and how he lost it, on which platform, etc. but I doubt we will ever know.

Just reiterate from here my words of encouragement that other comrades have dedicated to the OP, and hope he recovers.

Hey man, there are two ways to look at this. First as a loser and second as a lesson learned. I want you to change your perspective and look at if from the second perspective. It is not easy but you should force yourself to see it that way. With this sad experience you have learned the wrong way not trade which is putting all your life's savings trading bitcoin. That means you need good risk management strategy. I do not know your level of skill or experience in trading but you have also learned that practicing with a trading simulator for some months where you use fake money should come before starting live trading. One other lesson you may have learned is that trading should not be an activity that occurs in isolation especially if you are a beginner. You need to be part of a community, you need mentorship. Lastly, we have all made mistakes, as long as you still have life, you can be sure that you still have hope to recover your losses.

I have a rhetorical question: will you choose to get 10 Bitcoins but you need to lose an ability to see everything in this world?

Losing all of the money you have is very hard and it depends on how strong is your mental to start a new journey to build your new castle. You can cry, you can do anything you want etc, but the most important thing is you must survive in this world.

Yes, you deserve what happened to you because of your distorted thoughts about bitcoin. But don't, that's not the end of life, it's just a lesson among thousands of other lessons that we will have to go through in life. You should calm down and find a way to start over, don't be too pessimistic because your life is not only yours, but think about your family. How they will be if you leave them, think of the families of your loved ones. Forget those failures and start over, don't lose faith in life just because of investment losses.

Have a drink, pal, give time to yourself, don't commit something that you'll regret later on, think of your family, not only yourself, and don't do what you are thinking right now because that is just a trial of your life, and if you survive that, for sure you will earn or have it five times more what you've lost right now. Just trust yourself. I know you've been through a lot, but I would suggest talking to your family. I know you've made a mistake, but only they can help you in this kind of situation.

Sorry for your loss,I know how you feel right now. Don't give up on life because you loss in trading. Your life is worth more than the money that you lost and as long there is life there is hope. Let this be a hard lesson for you not to jump into crypto trading especially when you don't understand how to trade. Don't see anything that you are investing into as a get rich quick project. This is where newbies fail to understand that trading is very risky and can suck your funds within a  twinkle of an eye. Most newbies jump into the crypto space to trade and not to hodli which at the end they end up regretting. You are not the first person that has lost all you have on trading and you won't be the last. See trading as gambling and only trade with the amount that you can afford to loss. Try and buy some fraction of bitcoin again and don't think of selling rather think of holding it till 2025 and keep on buying anytime that you can afford it, you might recover your loss by 2025

The fact that you didnt earn as much money trading Bitcoin as you had hoped is both heartbreaking and not all that unusual. Many individuals want to get rich fast, and Bitcoin is a tempting yet brutal way to do it. You failed, but it doesnt define you or your worth. Bitcoin is something many people are proud of and should never be criticized. Even if it didnt work out, you can learn from it and promote Bitcoin, the future of money. Everyone has a horrible experience, but that doesnt mean Bitcoin or your family dont love you

First of all and most important, life is short but you still have a life to live so don't do stupid things. Be strong!

Second, I am happy to see eventually you found a place to share your emotional thinking at this hardest time in your life.
Third, I am sorry for your loss but loss is done and you can not revert it so you must accept it and keep moving toward the future. Sit back, take deep breath and spend a few days or weeks to do things unrelated to Bitcoin and cryptocurrency market. Just don't do stupid things!

By spending cooling down time, you will have better view on what you have done, what are your mistakes and can improve yourself.

My advice, not financial advice, for you

• You traded but are not good with trading. So don't trade again!
• Spending time to digest this fiasco and later, if you still want to be in this market, change to invest in Bitcoin. Bitcoin only, don't invest in altcoins which have bigger risk for you to lose your capital.
• If you decide to invest, apply Dollar Cost Averaging https://dcabtc.com/
• Important to store your bitcoin in non custodial wallet.
  
  • Reminder: do not keep your money in online accounts

Sorry for your loss mate

I am also a trader and at times I have lost money but one thing I learned is not trying to get rich quick (being so greedy) and practicing proper risk management. The mistake you did was you use your life savings to trade, which consequently affected your trading emotions and decisions.

One thing I would love to tell is that there is more to life than what happened to you. What happened to you happens to most people. Read through this crypto confession Twitter Profile, Maybe it can help you heal a bit https://twitter.com/coinfessions

It isn't the end of the world yet, try to find an alternative solution, and don't run with it.
I'm genuinely sorry to hear that you're struggling with these feelings which is sounds like you're carrying a heavy burden and experiencing a lot of self-blame.  Remember that everyone makes mistakes, and it's never too late to seek help and make positive changes in your life.

Consider reaching out to a doctor that's a health professional who can provide you with guidance and support during this difficult time.
They can help you work through these feelings of shame and help you develop strategies to cope with challenges and it's also important to confide in a close friend or family member who can provide emotional support.

Because IMO, seeking help is a sign of strength, you don't have to go through this alone.
There are people who care about you and want to support you on your journey toward healing and personal growth.  Next time, don't rush having Bitcoin trading because that's very risky, at least you have a knowledge on it.

Hey- I wouldn't be so hard on yourself!  I would venture to say that most that get into this space, and start out thinking they're going to make good money through trading.  I spent a few years trading and got crushed the first year or two.  Then, by year 3, I realized that "time in the market is more important than timing the market".  And once you realize that bitcoin will replace ALL fiat money- then you can just add to your position every chance you get.  Just keep adding every pay period, or DCA in, or once a year (if that's all you can do).

It's not about trading, or selling at the top & then putting all your money back in, during a bear market.  It's learning that bitcoin is the best place to store your money, and that it's safe there.  Just think of your bitcoin wallet as your retirement account and safehaven.  Add to it when you can.

Best of luck!  This is a GREAT learning lesson.  Congratulations- most people never learn this valuable one.

Hey mate

Don't think of doing nasty things as world isn't the end due to your failure or inexperience in trading doesn't mean you should do something very silly because of your lost. Have you considered life is far more better than what you thought?
Yes! this is true because just 10k$ or 1M$ can not be quantify or equates to your life simply because you lost your money at the cost of trading or having to get involved with scammer who cheaply swept your funds away from you doesn't mean you should commit suicide for any reason.

There are some people who had gone a long way but they don't give up for any reason, the reason of life is to fall and get up dust yourself and pick a wave and direction to follow instead of wanting to sink to due to a little hit or a silly attack launched to you, why on earth have you been so loose to have gotten your funds swept or do you in any way follows a copy trade or implore a trading bots?
These are the common things that makes man cry so loud because of the malfunctioning of the bots could possible lead to the drain of your account.

And again, something possible could happened to someone in the crypto industry is when you applied so much greed and quest to make profits easily lands you in a quick lost because you were desperate to profits, and the scammers often use those who are desperate to enrich themselves so easily and they easily fall for those cheap scammers.
Well, just brush up and take another wave of your life as I think today is not the end of a man or woman, in as much as you are still breathing you can't overcome dangers and problems. In fact as living beings you would always meet problem at point of your life, it could be today or tomorrow but know it at the back of your mind that is something inevitable, and off course, it could come from family members or children maybe possibly your wife.

Op I’m sorry for your loss. One thing you should realize is that nothing good comes easy I get the fact that you did try to trade in other to get some quick money but it turned out not to be a success. Believe me when I say that they are so many users here in this forum that have been in the same shoe as you currently are and once had the same thought you currently have right now (which is to harm yourself) if they had done anything stupid to themself do you think they would have been able to achieve what they have managed to have now? No.


Like it’s popular said in my locality “Nah who Dey alive Dey fit make corrections” Meaning “Only those alive can right what they did wrong” so if you decide to end your life (as you said in the end part of your post) what effect do you think that will have on your family? Or your friends. You just lost money and if you continue to develop your self I’m 100% sure that you’ll make x10000 of what you just lost today, so take some time off the internet look for activity to engage in so that you can forget what happened because if you should stay idle you’ll surely have some negative thoughts so just go out there and try to forget about what happen and when the urge to harm yourself has subsided you can return back to the forum and I’m sure that forum members will be willing to guide you through your learning journey.

I have once felt like this when I got no hope again some years back, but I was surprised that I was able to overcome the problem before me and not long from that time, I saw more than I was expecting and I was happy to have later thought that if there is life there is hope.

Bitcoin trading is risky. Not only about bitcoin, trading generally is risky. Consider it like gambling. Sorry for your loss.

I am sorry for your loss, if you are involved in a legit trading platform and still holding your Bitcoin, even though you bought Bitcoin at a higher price, you can still wait for the market to recover and eventually sells at a profit.  But if you got baited by a scam company then there is nothing to do but to report this scam to the authority if you happen to know the person that invited or influenced you to invest in such a scam company.

Failure as bad as it seems is also essential for personal growth.  Overcoming this kind of event will make you stronger providing that you learned from your mistakes.  Thouhg I know it is very troublesome but money can be replaced ifyou work hard to recover your loss by finding a new source of income.  And while you are at it, try to learn more about Bitcoins so that you can avoid doing the same mistakes in the future.

Well if you started trading as someone without a decade of knowledge you are obviously not made for trading.
Don't listen to people saying its easy.