Topic: I went bankrupt when I joined in cryptocurrency - page 2. (Read 2129 times)
Well, that's why it is always recommended to invest only which you afford to lose, and especially if you are going to invest in cryptocurrencies. It is already known that this crypto market is really unstable, and the level of volatility of this currencies is high. You haven't another choice actually but waiting until the prices go up again.
risk is always trading on the stock exchange or simply investing for a long-term, everyone for himself must have certain knowledge and strategy besides ourselves, he will not be able to decide the main thing to act not on emotions
I think it's your own fault. No offense, but it's true. If you were to spend more time with the analysis - you would not have lost everything. IMHO
From what I understand, you do not take advantage of the opportunities that exist, and you too imagine something that is not necessarily going to happen, such as "tomorrow the price will definitely rise". You have to do your own analysis before buying or selling bitcoin so that you don't lose too much.
Yeah, this is the mistake many are making. They act upon their feeling and hunch, not on the facts and real situation on the market. They think making money with cryptocurrencies is easy and sooner or later they will get rich. But it often happens the opposite, they go bankrupt.
I
It's not my intention to judge anyone here, just want to point out that many cryptocurrencies users get involved with them too easy, without proper knowledge and strategy and at the end things go very wrong.
But there is always a second chance to make it right, so don't give up easily.
From what I understand, you do not take advantage of the opportunities that exist, and you too imagine something that is not necessarily going to happen, such as "tomorrow the price will definitely rise". You have to do your own analysis before buying or selling bitcoin so that you don't lose too much.
You should've figure your strategy out better, I think that many lost a lot of money during last year but still some people manage to get profits so it is about your attitude.
I am not shocked by this story, not at all. Crypto currency can make you as rich as much as it can make you poor and all these can happen within a very short time. Care needs to be be taken when trading especially with alt coins as their prices are not stable at all
...
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
It is not easy to be a millionaire. You were very optimistic if you did think it is easy. But with some luck, sometimes can be easy. OK, I accept, very very luck...
If you don't have proper knowledge and patience in this field then there is a higher probability of you will not go to make any profit here, instead of that, you will going to lose your money in future.
You went bankrupt if you invest in cryptocurrency that is scam and give more benefit just to encourage investor to invest. I suggest that before you invest your money or bitcoin it is better to research that company it is good or not. If you invest do not give full and save for yourself.
Even if you don't get scammed, there's still a big chance of getting bankrupt simply by being foolish with how you handle your capital. It's pretty much the same with any investments, just be careful and don't get carried away with your emotions.
I don't see a significant difference between Investing in bitcoin or altcoins in the crypto market when considering the risk involvement both are same because most token prices felt in the same way in price during last period of time and whether the investor invested in bitcoin or altcoins they all end up loosing there faith but it is a common situation for the entire market and the only thing it need to make the price correct is more time because there is no investing in the world that only continue to increase in price but there are ups and downs so for crypto there is nothing we can do right now unless hodl and Waite
You went bankrupt if you invest in cryptocurrency that is scam and give more benefit just to encourage investor to invest. I suggest that before you invest your money or bitcoin it is better to research that company it is good or not. If you invest do not give full and save for yourself.
First, this is not my story, this is a story that a couple, their happiness may be shattered when the husband invests in cryptocurrency and now he is in danger of losing all the money he has invested. And this is the whole story told by the husband
"In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
"In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
It is just the unlucky case. All the responsibility for the investment lays only on our own shoulders so no one or nothing is there to blame. Be smart while investing. First get a deep knowledge about your object of investment. If you invest smartly and at the right time you can make a really good money. No one guarantees you a millionaire's income right away but you can improve your financial state for sure.
First, this is not my story, this is a story that a couple, their happiness may be shattered when the husband invests in cryptocurrency and now he is in danger of losing all the money he has invested. And this is the whole story told by the husband
"In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
Many concentrate in the few stories of individuals making fortunes out of the market because they want to believe they could be the next, but the truth is the story is a lot more common than what many people think but many are afraid to recognize that they made a mistake when they invested in this market and prefer to hide that information, let this story be a lesson to all of us if you're not careful you can lose all your money. "In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
I am good when i joined crypto currency like bitcoin and those who are using this for good and they have balance in life then i think they will not go bankrupt.
The time for becoming a millionaire within a short period by investing in cryptocurrency has long passed. Cryptocurrency investment nowadays involve a lot of technical decision making coupled with the ability to foresee currencies with potential to give you high ROI. To all those who came in when the market was booming, it is my hope that things will turn around so as to restore the confidence you have in crypto.
This story is same for everyone that came in early this year or last year ending. Everyone was too excited to notice the market was over priced.
It was very easy to tell that the market was overpriced and you did not needed to be an expert to know that was the case, if people were unable to see this it was their own fault, so I hope that they learn a lesson out of this, never invest in a market that has moved off so abruptly because sooner or later a crash will happen and if you invest at that time you are going to be the one that suffer the consequences.
This is very unfortunate and I hate to hear stories like this.
I hope things get better for you in the near future.
I hope things get better for you in the near future.
That is why you should always remember that only invest what you could afford to lose.
Don't get greedy you are a perfect example for the newbies that they shouldn't put everything they got in something that is too risky.
Don't get greedy you are a perfect example for the newbies that they shouldn't put everything they got in something that is too risky.
I would say I agree with you that we should invest what we can afford to lose but there is something missing in there, the term research and study. We should study whatever venture we have to make. We must fully research it because it is not good to lose something in the end even though we can afford it. As much as possible we should make sure to avoid losses especially when it comes to investment. So, aside from using the money that is "free", we must do our research very extensively.
You know, many of us had the same history. We did not belive anymore on bank and econoimic system that was set up all over since now, so we face the bugs of that with our blood and hits. So we want no longer something like that because we already know why this system is gonna collapse sooner or later and the poors are the ones who will lose most of it becuase they are left alone at the end of the chain.
Is this fair ? If you still think in that way go with fiat and never look back, but we are here to make history.
Is this fair ? If you still think in that way go with fiat and never look back, but we are here to make history.
Jump to: