Topic: It's alright to lose and learn (Read 800 times)

Even though I know that nobody is perfect and that we all make mistakes occasionally, you have to be smart enough to understand the basics of cryptocurrency before investing any money in it. This is because mistakes in cryptocurrency are more serious than they are in other areas where mistakes are less likely to have a negative impact.
If you try to learn about it before investing your money in any project, investing is not risky. As a beginner, I advise having a good understanding of cryptocurrencies before investing. This should happen before you plunge headfirst into anything related to cryptocurrencies.

When you lost and learn from it, make sure it never happened again, that should be a theme for you to succeed and also a reminder for the pain you have went through, that should be a motivation to look forward for righ path and forget about the loss.
There is no way that you can avoid loss in life but it is advisable to always be cautious, it will help you minize losses so that when they occur, it will be minimal and something you can over come, but when you don't put caution in the beginning, when loss occur, it will be big and to forget it will be hard for you to overcome.

This is one of the keys, and this is exactly difficult. Controlling emotions is something not easy, moreover after losing much, this will be very hard for me especially to be patient and calm enough, moreover to control my emotion wisely. This is hard. But, if we want to survive in this crypto world, there is no other choice, we must learn whatever happens, learn all things including controlling emotion wisely. So we can take the lesson wisely.

I remember from my childhood that everyone were saying that we learn only from our mistakes. Find it very true. And our success is the a confirmation that we have really learned something. Learning without mistakes (or loosing) imho means that a person is doing something wrong or something is going wrong.

Experience is important. If an experienced trader makes a profit, then this is a consequence of his experience. He knows why he got this profit. If an inexperienced person makes a profit, then this is luck. And no more.


You always need to be very careful about advice for friends. Money is very important, and losing it to your friends, based on your advice to them, can destroy a relationships.


In casinos, trading, poker, esports, emotions are superfluous. You need to get rid of them, but you can only achieve this by getting a bitter experience.


You only need to trust yourself. Your conclusions are the most expensive.


If a person is mistaken and deceives himself, then he will convince others of his conclusions. Do not give in to this - this is one of the most important rules.

No one can give you guarantees that after training you will not lose your money, since it will depend only on you whether you comply with risk management or neglect it. And the fact that even observing risk management you will not lose money is also not true, since not only beginners, but also experienced traders lose money.

I do agree that people should not hesitate to invest in learning and then starting their career but still after learning there is no guarantee that you won't lose. I respect seniors' thoughts but I have a different point of view on the same thing which is what you learn on your own and by your mistakes which experience you gain not any teacher or mentor can provide you. It's good to learn first and then start anything it will boost your skills, and your efficiency in the work but still, the experience will be your own. People like to run for a ready meal but this is the bitter reality that a ready meal/fast meal is not good for future health.

In trading the most common mistake that new ones do is running for the signals and this is where get beaten hard always...

" It's alright to lose and learn" - I don't think it's alright and I would like to learn without loss, but it seems that this is impossible and almost everyone goes through this unpleasant path It is better, of course, to learn from the mistakes of others, but to be honest, then your own mistakes will do for this. I see that OP chose his own.

A negative experience is also an experience. The main thing is how to perceive it: the difficulty, the overcoming of which will elevate you. No goal can be achieved without losses and mistakes, which are constant companions.

You correctly noted that there should be an impetus for reflection. It is important. It is always necessary to analyze actions that led to mistakes and losses in order to prevent repetition. I agree that it's good to learn from mistakes, but it shouldn't go on forever, especially in investing. Otherwise, you can remain a beggar.

I concord with you my dear, life is All about taking risky, yes it is alright to lose and learn because with you been lose you won't learn, and there's this saying that says that a man is not counted on how many times he falls rather he is being counted how many times he raise up.. and again life is All about taking the risk and join the millionaires ok..

Talking about the emotional:is having past experiences with hard time will make your emotions to change because you got new experience great than before..

Wanting to admit a mistake we have made is difficult, but you have the courage to do it and even realize that you have to change using other ways that can help you become even better. And as long as you want to keep trying and keep trying, you can get what you want.

I think you are more advanced than before because you realized your mistake in investing in crypto. So your losses this time and before can be recovered in the coming years. You can and must be patient and keep learning until you succeed.

In cryptocurrency investment you must prepare your budget but also your emotional state because its all about the battle of your knowledge and decision-making, that's why better to make an investment with your knowledge so you can identify with yourself if this is ideal to sell now or to buy still hold or to keep buying more asset. Dont, get to rely on the information of other people better to follow your gut because you can't blame them once you follow them because it's your mistake. This is one of the hardest parts is too much expensive to learn, we learn base on experience.

That's good to hear! You could do it a little by little no need to rush yourself that may cause you to be overwhelm. I found myself that I'm not good at opening up to other person that I fear they might use it against me. My way of overcoming this situation is having a time for myself and tried to be calm on any situation that can help me to decide properly. That can be used in my trading and investing journey.

The "No pains, no gains" ideology exemplifies this. Those who go to gyms will easily relate to it. The lesson from losses shouldn't be lost on traders. It should serve as bumps for sobre reflection and not as discouragement. Set backs and failures are necessary ingredients for greater heights, depending on how they're handled.

Surely it will be a struggle that you will remember and be proud of forever, because only some people can get back up when they experience failure or loss, especially in the crypto context. From that failure you can also take lessons that can be applied at the present time, and will make you more careful and continue to be mentally strong.


for me personally, controlling my emotions is the most difficult thing to overcome, because this is a matter of feelings, and it is the most difficult for me to control my feelings. And seeing you get out of the emotional zone, that's something great.

Although we despise losing, it is an inevitable part of life. We should be able to do our best to avoid losing money on our investments, but if it falls short of our expectations, there is nothing we can do but learn from it. The worst thing that could happen is that we do not learn anything from our previous mistakes. We fell, learned from it, and then stood up and tried again. Because the number of times we get up and continue on our way to success is more important than how many times we fall.

Losing money is normal when it's come to investing, trading, and some stuffs but you can refer this as a lesson; you can't get profit always, some times it's you gain more profit and sometimes you lose more that you bet or invest. If you're newbie to this kind of investing or trading, you need to understand that you can't always win, there's a chance that you lose so make it a way to get more profit. Don't lose your hope when you lose, make it as a lesson.

It is alright.
It is normal
Moreover to lose and then to learn from the experiences that have big lessons about losing. This is because we need certain experiences to make us aware of what we are going to do.
The problem is when you are not learning from the loss and continuing the same mistakes, this will result in other losses again. This means that we don't learn from mistakes and take on experiences. That is why the ways you are doing after losing in crypto investment will really depend on how you manage yourself, especially your emotion in all parties, including in daily life.

more beginners will not stick around when newbies don't have complete faith in Bitcoin investing. I mean those who are investing out of curiosity or just a friend push. they have no better understanding when it comes to holding Bitcoin in worse market situations. they panic easily and they will lose several times.
those who have faith will gain experience and lessons. but those who feel aggrieved then they will come out of this investment with fear. Beginners will still take risks, but they won't take risks forever.

According to the Anglicist, they said experience is the in life,trade which is something not  to be assumed but after losing at first then you realize it is all about risk your patience and endurance against lost that why is called investment.advisable to lose money in cryptocurrency or business  in order to learn instead, it is good and ideal that before making various cryptocurrency-related projects,
if you want to investing in bitcoin you be a risk bearer, anything we do in life has risk, before persons invest in bitcoin, is training, focus and after focus is patient and endurance.

There are sometimes you don't have to give in to your loses...
For the fact that it's okay to lose, doesn't mean anyone should try out nasty ideas to see if it cuts... "The same thing you wanna covert, could eventually break you, be careful"... You seee, since the creation of BTC, Alot of peeps have been investing much in avenues to fork Bitcoin with which some have been successful and some haven't... So we keep having 'em shitcoins and limited projects getting synthesized every single day,..it might look really interesting to invest in but they don't even Last. So when it comes to these cases, taking risk to lose and thinking it's better-off is even more worse than kissing your same gender's ass.

Sandra 🧑‍🦰

I like the way you've coined the first analogy to eventful events but, not so much the second even though it suits. We remains a very detested event that lives one with bitter experiences often for life. The magnitude at which it projects pain is certainly more than you can have in investment loses and so, I don't see it to better describe what goes on here.

It's good that OP was able to have learned something from his or her lose and that means, you did lose something in the gain of experience. If you hadn't learned anything at all, then we could say you have truly lost. It doesn't mean you can't lose again as loses is inevitable in the battle for making profits but, you get to count your experiences and get better as you go.

Well, if there is no loss, there won't be an avenue to appreciate gain. Same goes for war/conflict versus peace time. What is important is the knowledge gained and lessons learned. That's what makes the difference.
I admire your courage OP, and how you refused to relent on your effort to keep grinding.
 It really isn't easy mostly when you go against the sound or popular opinion of those who think they know better. The best you can do is keep focus intact, fulfill all achievable goals and practice the lessons you learned from the errors you made.

You fail at first to gain a knowledge about something
Experience is the best teacher they said at first you might think you have all the knowledge about trade which is something not  to be assumed but after losing at first then you realize it is all about risk your patience and endurance against lost
There was an advice of not investing in money that you cannot afford to lose and I think it is very accepted to listen to such advice in other to avoid mistake that can make you regret investing in crypto currency

Well, at least learning the common terms gives you an advantage. But of course, we never have to be contented with this as it was best to become more knowledgeable than just the basics. As we are still here and investing in crypto, learning is still ongoing and our mindset is also improving. Yes, it certainly takes time before we fully understand how the market works and that is why we should not have to give up easily when we suffer losses and difficulties for this is just about measuring our capabilities as well.

It is always better for beginners not to rush into cryptocurrency without learning it , there is no shortcuts to cryptocurrency.  It is wrong to start up cryptocurrency without any knowledge,  having knowledge about cryptocurrency is the success in cryptocurrency. Starting crytocurrency without no knowledge is a waste of time and waste of money. Cryptocurrency is all about knowledge which is the key, it is impossible to put knowledge aside and expect to do well in cryptocurrency. Knowledge is power 💪.

I totally agree with you sir. I really don't agree with the idea of seeing things as being alright while losing and hoping to learn from the process of your loss. There are possibilities of you making huge profits, while still learning and that is why mentorship comes in, not just mentorship but the right mentorship in this case.

In cases of trading for instance, there are demo accounts that allow you to absorb as much loss as possible while practicing with your virtual funds which can be topped up if exhausted. There are also possible cases of you losing and not making a single profit while claiming to learn through the process which is never acceptable by me in particular.

I totally agree with you on learning the necessary rudiments of a particular thing before jumping into it with real time funds.


Yeah losing is also a part of learning not a deliberate one which could have be learnt from lessons of others.

However, it is not always advisable to lose money in cryptocurrency in order to learn instead, it is good and ideal that before making various cryptocurrency-related projects, it is good to have a background investigation to see what are the things needed by a newbie by which you can get an idea where to start your journey next is to see if you can now control the danger because that's how you decide whether it is good to take a risk or not with the journey you would like to take, once again investment in knowledge and research

When people first started using cryptocurrencies, the markets were all green, so some are just getting experience, which is actually a good thing. However, anything that has to do with investment requires you to be ready to learn. Once you calculate your profit, you should always keep in mind that there will undoubtedly be a loss. However, most people are aware of this and are willing to learn from their mistakes. I like this post because it emphasizes the importance of choosing which knowledge to consume and how poor energy may negatively affect your business. improvement is very much allowed in this life, I sometimes go back to basics to refresh feeling something is missing. just learn and move on.

Honestly, nobody wants to lose money in investing but the sad thing is that it was used to make people realize something wrong with their doings, and their strategies. I could assume that everyone has been experiencing this one before they reach their goal and it be a blessing in disguise because if we never experience it like this, might possibly we never improve.

It wasn't wrong to lose but what it went wrong is to quit and are afraid to face the consequences of being here.

The OP didn't clarify the wasteful investment made in Cryptocurrency, all I could read the general is lamentations that are common to any risky or leveraged asset. This made me guess that he/she is referring to the future trading aspect of Cryptocurrency because the holding and spot trading couldn't have caused damage to a huge extent without the hope of recovery.

It is good to invest your money in only what you know and fully understand the risk involved. Once you learn with a little amount, you can become professional with time with low risk. However, the aspect of discipline is crucial having known and fully mastered a good trading system and plan.

Losing will always be inevitable, so whether we are pro in trading or not, the most important thing is how we will overcome it and learned from it. Some may decide to quit after losing, while others continue to take the risk because the more you experience losses, the more you will be motivated and become more determined to reach your goal. However, if we can avoid losses as much as possible, it will be better, but the good thing about losses is that they always bring new lessons to learn and make us more strong and independent.

It's alright to lose but it's wrong to blindly invest in something you don't understand, all in the name of "it's alright to lose" you will end up losing a lot, it's wiser to learn all the basics and understand how blockchain works, this will enlighten you more about which project to invest your money on and which ones to stay away from, if you just keep throwing money at any projects to understand that Whitepaper could be copied or smart contracts can be manipulated you will pay too much for the wisdom, something you can learn for free before starting your investment journey.

Bringing emotions in cryptocurrency kills faster than loss. Everyone in the crypto space will advise you not to involve your emotions when investing or trading in bitcoin because it has cost so many people their hard-earned money so your ability to fight and control your emotions determine how successful you want to become. Go get more knowledge, add a little of your instincts and apply calculated risk you sure going to bounce back on all you have lost due to your emotions.

They said experience is the best teacher, but is better to learn from someone else's experience. This is Cryptocurrency space and there no way loosing money is not involved, especially when you're new to the industry,  expected and unexpected will happen when you're not being careful.
However loosing money here is normal but don't get recked. It has happened and is good you've moved on with your life and let the past be in the past , therefore let all this be a lesson to you.

In my own opinion, I believe that keeping focus and aiming at a better achievement for the sake of improvement in every aspect is very essential in life and in the crypto world especially. Once you are in a particular show and you know how it feels, then you will know what it takes to either win or lose. Everything doesn’t comes with a Win-win all the time, there are shinny days and there are also dull days. The most important thing is just to get use to whatever the side of a coin has to offer you. Being emotionally down is not the solution, rather you have to train yourself the more into becoming better than you were. Success is not guaranteed bet it is certain for every goal getters and achievers when it comes to the crypto world. We just need to learn from one another in one way or the other. Loosing money in the crypto world is not the end of the world, rather, we learn from our past errors and mistakes in order to avoid repetition.

It is very often we commit mistakes that result in losing but never do we think this will be the reason to think of our failure. Yes, it was okay to make mistakes and losses some money because in that way we learn something from it. I'd say this is not an unusual thing to happen in crypto, especially in trading but from that experience, it helps us become more cautious and mindful of our doings for we don't want it to happen again.
We lose, we learn, and we improve...that is how we develop ourselves into a better one.

That's right almost everyone has their own the same experience where they failed to invest in the right coins and lose their investment due to a number of reasons. The important thing here is the experience and also you can tell the others how bad it was to invest in the wrong project and to avoid them falling into the same trap. There are lots of coins out there which really make it hard to decide. These scam coins like LUNA are making it harder to decide. that's why rushing and getting fast to jump to the hype coins is not really a good idea.

We, humans, are bound to make mistakes. We learn from our mistakes. That's the most important approach to mistakes "learning. The mistake done in life are to teach us a lesson so that we'll learn from them and be wiser.

It does feel so bad when you made a bad investment in crypto. The majority of us here have experienced it, even the top crypto analysts fall victim to the crypto wrong investment example, Luna. Luna everybody was thinking that it won't get rug-pulled ended up as the most talked about investment gone wrong. That's crypto for us all

Not quite sure if holding Bitcoin is more profitable than interacting with altcoins. Altcoins always were more profitable, when Bitcoin was more stable or a guarantee of success.

I dont think it is really possible to "learn crypto trading". Nothing new then "buy low sell high" is invented yet, and we all know that rule from very childhood. With trading imo, it is best to be at right place and time. But that is impossible to learn.

You are not guaranteed to make money trading crypto or any other asset, no matter how much experience and knowledge you have. No one knows for sure where the market is going, at best you can be right more often than wrong. Viewing trading as some sort of craft that you can learn and live off is a mistake, lots of people try to do that and very few manage to succeed, don't think that you are special.

The best thing you can do with crypto is buy Bitcoin, hold it for 2-4 years and sell during a bull market if you need money or continue holding. That's way more profitable and less risky than engaging with altcoins.

I will like to point this out , When dealing with the crypto market having too many tutors or analysis guidance is bad because every one has different approach to the market even those who share the same analytical tool still have their differences in their approach. I won't really judge their analysis but i think combining too many will stir up complexity. I prefer simplicity and consistency. What every strategy a trader develops doesn't matter until the start making profit with it. If it is paying growing with it and make it better by the day.

No worries, OP.
I believe that many of us are feeling this when we fail in everything and not just in crypto, since we almost see all the time the success of people in social media and does anyone realize that it is quite rare for some people to show off their struggles like the specific struggles that they're going through.
Props to you, OP to showing off your struggles and not just the successes that you get. Small or big. Wishing you the best for success though!

Well, if you tolerate yourself to always lose than making profits, that will be another story. You will never be successful in the end. However, if you decide to always DYOR first so you can gain good knowledge and skills before taking investments, you will most likely to create minimal losses. That way, even if you lose, you still learn from them and become more motivated.

Well, people will always say, there’s always a second chance for everyone, and it’s up to you how you will handle it in order not to fail again. Same goes with OP. I believe right now he’s more than enthusiastic and positive about his investment, and he’s more patient than before because he now understands the crypto investment. But just don’t expect that you will not fall again and face some losses, that is very normal in this very uncertain crypto market. What is important is that you know how to move forward.

Every successful investor has its own humble beginning, and it’s not a shame that they mostly started from a scratch. And for sure, mistakes and losses are very possible these days. However, with OP, even if he is already restarting already, the good thing is he never resort into quitting. That’s the attitude we need in crypto, we should always move forward despite from all mistakes done and not move backward. That way, you will grow as an investor, that will help you throughout your valuable journey in crypto.

In life "experience is the best teacher", those who are from the silver spoon family and they know that they want to be among the middle class, they hustle and struggle. And in the process of the hustle they lose and lost valuable things along the line. Those who think well like to live alone and build their lives from there. They don't like "mama thank you" at that stage of their life. Some time the wasteful investments made by you on the net or offline are to know the areas you will not invest again and also direct people not to go there.

That is why there is a general saying that, "it was a bitter experience but you learned lesson from it". Everyone has their emotion on cryptocurrency. If one does not control his or her emotion on cryptocurrency, one might even attempt suicide because the movement of the market. Some people even borrowed money to invest and when the market is not going up to their expectation. They might think the opposite.

You don't have to control by others because of cryptocurrency. Mostly online people will want you to send them money for them to use it invest for you. I always tell people instead of giving money to people to invest for you, they should come here and learn how to do it and invest it by themselves.

Having the mindset of losing funds and understand what you don't know is not a good conception indecencies that can lose everything at a particular time. So it's encouraging to understand the rudiments of everything concerning what you wants to venture into before taking a risks, so that if it goes wrong you will correct yourself without completing of the were the error emanate from.

Everything and everyone has to start from somewhere. I remember reading this quote where it stated that "In order for you to be good at something, you must suck at it first." Do not be ashamed from starting all over again from scratch and being a beginner- every veteran and crypto enthusiast was once a beginner!

Experience will always be the best teacher along the way. No matter how many times you read books about cryptocurrencies, experience will teach you something that just cannot be learned from reading. In addition, it is one of the most effective ways of personally experiencing cryptocurrencies.

The famous quote “What doesn’t kill you makes you stronger” has a lot of truth to it. We have all had our good and bad days in the crypto space. Most were in my newbie days trying to learn about bitcoin in telegram groups and channels. I don’t need to continue for you to know how that went. The loss led me to the forum and looking at how I started I’m grateful for the experience.
Knowledge is power. Lack of information results ignorance and ultimately cause bad decisions. All this can be avoided if newbies do their own research. With the right information, one can scale through without being a victim. As a rule of thumb it’s a must to do your own assessment of any investment you may be interested in. Be skeptical about every investment, money doesn’t grow on trees.

Of course, a person can always express his feelings no matter what he is going through. However, if due to losses in trading activity, then it should be a valuable lesson for the future.

Losses and failure should not make them weak, it should be a good momentum to increase their knowledge and experience in the future. By nature crypto trading is a risky activity, so considering the consequences is important. The best advice for everyone is to always invest in with money can afford to lose, this will keep emotions under control.

Definitely. Some of the sob stories and personal experiences we see here are quite frankly just not believable. Even if they did happen, they would definitely not be as traumatic as many of these people make them out to be. And when I see these kinds of posts, it makes me wonder about the validity of those experiences and whether or not they're real or just people trying to get attention or sympathy and pity. I'm not saying that all experiences posted here are false or made up, but there are some that definitely appear to me to be dubious at best.


OP, it's perfectly natural to experience a range of emotions when going through a financial loss and it’s okay to feel angry, sad or otherwise upset, and everyone should feel free to express them. It might be hard to think of your loss as a positive, but you will undoubtedly learn from this experience, no matter how painful it is. This can help you plot a better course for your financial future, and save you from drawing on debt again if the economy takes a turn for the worse. Even people who file for bankruptcy go through their own period of self-reflection, and each person has to decide if they want to try to chase their dream again, or if they want to take a much different path.

If we can learn from our mistakes, it can add lessons for ourselves so that we can improvise our abilities to be better than before.
In addition, by learning from our mistakes, we can find out where the mistakes are and avoid them later when we start again.
And if we can continue to learn and practice it, it can be more useful for us so that our abilities can improve.
Once we find out where the fault lies, we can continue what we started and the results will differ from before.

I also noticed that the year was mentioned in the OP, but I took it as a reference to this current year, at least it made sense to me considering the post history. However, that timeline doesn't seem so important to me in the sense that it all really happened, although I have to admit that there are a lot of personal experiences of some members that are, to say the least, doubtful.

I find it normal to lose and learn, as we "learn from our mistakes". But I suggest first to learn as much as possible from other people failures, as that might limit the amount you lose. That is why such topics and forums are important. However, a person must make conclusions from his and other peoples losses. Simply reading and knowing is not enough. In addition, a person must be brave and oriented on result, and dont drop everything after a failure.

The posts aren't exactly easy to follow. In the post from 30 August, she does mention she had no money to invest back in the days when they discovered that "Bitcoin invest" platform on WhatsApp. But only a month after that, she already talks about her negative experiences with investing in crypto. Finally, in the OP of this thread, she claims to have been on the losing side for over one year. It's not easy to follow the timeline. 

There is a good saying that says that the one who does nothing makes no mistakes. 
And accordingly, such a person will not have anything that could make his life better. It is only through mistakes that we acquire a thick skin called experience. 
It can even be said that if you do not give up after some losses, then you will definitely have a white streak ahead. A lot of people are disappointed in bitcoin, and only those who have a core of life, as a result, find success.

This is the reason why sometimes; I feel hesitant towards teaching other people around me regarding cryptocurrency in general. It might come to a point where they will blame me if their initial investment is at a loss.

Being emotionless is one of the important factors when it comes to investing. Only anime watchers will know this but if you know the Protagonist of the anime "Classroom of the Elite" then be like him or if you didn't watch it yet, watch it then you might become emotionless after watching it .

Anyway, I'm full of emotion when I started investing into crypto and because of that, I made reckless decisions. I sold at a loss, got FOMO'ed etc. etc. but over the years, I learned how to be emotionless and until now I'm still the same. I don't care about the volatility. I don't panic at all, and I always stick to my strategies.

That's also the reason why I always research twice before making decisions. In the world of internet, there are always information out there that are fake that's why don't focus on one but, if possible, research twice. Letting people control you is a bad thing. Just follow your decisions based on the research you've made. Just follow your own strategy that works for you.

Traders started from scratch. Businessmen started from scratch. Everything comes from a scratch.
There is nothing wrong with starting with scratch. What's wrong is that you will not start to make that scratch. If you made a mistake, start over again. Successful people made mistakes more than what you think before they became a successful one. The first try you might fail, the second one you might fail again, if you succeeded in the third one and you already know what will do then that will make you a successful one.

Loss is a part of process.
 From loss, we can get the experience
From loss, we can get right evalutaion
From loss, we can learn more things
and from loss, we can decide what to do for the next strategy

A loss will be valuable f we can really take the lessons and evaluation from the loss, and arrange better and more suitable strategy that work really for our trading.
But, if we cannot learn from loss, this means nothing. and gettng worse.

Yes, I agree and this may sound like unfair but that's how it is and everyone are on the same track as the OP just like what the newbies are experiencing in their first time/mistakes. Losing is not a failure or end it just means it's the start of the new beginning because you have to learn all of those mistakes in the past in order to move on into the future or else you'll get stuck there forever.

Some may learn it the easy way and some will learn it the hard way. Just keep grinding and learning.

Some of the greatest lessons learned have come from observing mistakes and then making the necessary corrections. Your story of loss is among many told and what I love the most is your resilience in not relenting. You did not allow the loss to change your perception about how to reap the benefits from something you know is promising.
I have learnt and still learning the best way to trade Bitcoin, but have also encountered some losses. Just as rightly put, there is the right way to trade, which if upon learning it, one can make a profit immeasurably.

Lossing is part of the process to learn but it doesn't mean that we could lose huge amount of money to learn something. There are statement of other which lose tons of money which we can learn from and maybe their experience could be a good basis for us so that we can also learn.

The only matter here is how we absorb the information we receive and those learning experience we encounter since if we keep pushing on things unnecessary maybe we will lose more and that's not totally ideal to us.

It is alright OP...And it is simply because not all went perfectly, especially for beginners. You can just call yourself an expert if you have suffered both losses and profit.

What we just need is to admit our mistakes and do something to correct them, not by blaming others or crypto. Because we know this is risky and every mistake we did correspond to possible losses. If we can't afford to do it, then much better not to be here anymore.

Losing is part of the process and you will not eventually learn if you never lose and commit mistake in your first attempt. Losses are simply the best motivation to correct your mistakes and learn from it. Everyone started from a scratch, but it does not mean that we should still end in a scratch too. Think positive, and gradually apply what you have learned, that way you will achieve success easier and faster.

People make mistakes, and that's why new scams and fraud cases continue to pop up. Don't be discouraged if you lose money from a poor investment decision. Just try to do what you can to mitigate your losses, learn from the experience and move on.

It is hard to see great opportunities when you are limited by a small viewpoint. One of the things I always like to say is that sometimes it is necessary to take a step back and really think about what is happening in the market. Don't let other people's opinions influence your own; listen to them, consider the points they make, but then look at everything from multiple angles and make your own decision. Try to see for yourself how things could play out in reality rather than falling victim to each new hype. It is going to be an exciting ten years for crypto and I hope you will be a part of it!

It's okay to fail many times but don't let it sink in on your mind that you're bound to keep on losing because it had happened for several times. It's part of being an investor but we're not bound to stay in losing, we have to learn from those failures and gain experience from it.

And no need to be shameful about if you want a complete reset and restart for what you do. It's better to have that plan and do it again from the beginning if that's what makes you comfortable having all of those experiences that you've got to avoid those losses.

You know it’s better to start from a scratch because you will see your performance from time to time and if you have prosper or not. Even those who are in the verge of success today also started from a scratch and see how far they have come. So there’s no reason to feel ashamed on that. As long as you keep doing the best for you, one day you will make yourself proud and will also reach the heights of your own success.

Nothing to be ashamed of, your fate is exactly the fate of 90% people you see around this forum. If not in the crypto space, it would be by scam, if not by scam, it could be the first money mistake.
You are not starting afresh, you are starting from experience. And it is now your growth would be rapid and enjoyable, so no regrets.


Yet, there are people who didn't lose to learn, either these set of people haven't tried anything new or they obeyed the rule of Learning before Earning. In whichever way, they are lucky not to have the awkward experience of moving from thousands of dollars to hundreds of dollars and cents.

Of course, personal experience is priceless and nothing can replace it, but you have to pay a reasonable price for everything. Including for knowledge about cryptocurrencies, which can be obtained without large financial losses. It is enough to do it using a reasonable approach to investing, which is to first prepare theoretically and only then act practically. All these impulsive jerks on emotions will provide only monetary losses.

OP, your experience is almost the experience of everyone here; one way or the other. Most of us aren't still out of it. Cryptos (cry-ptos) as some have come to describe and point out the "cry" part as a near experience of peeling onions. You know what happens to the eyes when one does that, right? But of course, onion still remains an important ingredient for cooking. Cryptos, despite the ups and downs, and the loss one may suffer shouldn't be seen as a source of pain. Don't rush out like your friends have done. Take your time and calmly study it. At the end, trust me, you will be the better for it.

I know about that in that beginners are usually too ambitious in what they do so overdo it in their actions but despite all that beginners can learn from experience and change mindset not to lose more, and beginners are bound to suffer this fate so you don't have to No matter how hard your head is, surely at the end the pattern will think positively and no longer make the same mistakes, so you will be better off in the future.
At least you have to understand that from your surroundings so that you can stay away from the mistakes of that approach.

I think from failure and starting over again there is nothing to be ashamed of, what to be ashamed of whereas if our determination is strong to rise from the beginning again then start over, this principle must exist because some of their failures will think intelligent patterns to change everything in the future, in investing nothing is too late even though you previously lost a lot of money and capital, I'm sure one day you can become successful after that bad experience.

But not all the time it is good to lose money in crypto just to learn  instead it is good and ideal that before making different projects in cryptocurrency-related is good to have a background check what are the things needed by a newbie by that you can get an idea where to start your journey next is if you can now manage the risk that's the way you make a decision it is good to make a risk or not with the journey you would like to take, again investment in knowledge and skills is a must before making an money investment.

This is the main problem when many people start trading without having special knowledge for this. In this case, you gain experience while losing money, instead of spending money on training. At the same time, such training will take less time than if you learn it yourself.

Judging by the post history, her friend's experience happened before August 30, and the OP admits that she had no money then - and her experience comes almost a month later, so in my understanding, both events are timed apart.

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I have read countless stories like this, and they all have a common denominator in ignorance and naivety. First of all, everyone should know what exactly you are investing in, and secondly, social networks are a place where you don't trust unknown people, regardless of their sweet talk. I would therefore conclude that it would be better if people did not learn from their mistakes, but if this happens, it is important to admit to yourself what happened and find the strength to start again.

The most important thing is not to repeat the same mistake, and this means that you should not trust unknown people who promise success overnight and that you should take every piece of information with a grain of salt - ask questions, look for more sources and determine what is true and what is false.

Of course learning from a mistake is good, it is more like making the most out of an already bad situation, but you know it's pretty much better if you had learnt without making that mistake, that way you'd still have learnt, but the difference is you'd not have suffered any loss in the process, but i guess it is what it is.

Having said that, i think it has become quite common for newcomers to learn the hard way, whilst i feel sorry for their losses, i think most of these losses were simply self induced, and if quite a lot of them hadn't thought about cryptocurrency as a get-rich-quck scheme i'm pretty sure they wouldn't have had to endure losses in their learning process. Well i hope you've truly learnt your lessons because in this network people hardly do that, there are investors who jump on every new project and investment, despite the fact that they have lost so much money to pump and dump coins, but they still jump an any new one that's released, just blatant rinse and repeat.

I remember you. Actually, I remembered the name. A little more than a month ago you told us how your friend invested in a fake bitcoin investment group and lost money. And now it's you who has lost money with altcoins I assume. Did all that take place in different time frames or were both of you losing money and making bad investment decisions at the same time?

Those two cases will hopefully be enough to make you see things a bit clearer from now on. One thing you should remember is you and your friend didn't lose money because of the way crypto and bitcoin works. Therefore, the industry isn't accountable and responsible for your actions. If you send bitcoin to a scammer or you get phished or hacked, it's not the network that made a mistake. In fact, the blockchain worked the way it was configured to operate. That means allowing the people who control the private keys to spend the coins protected by it.

It's important to use common sense and make decisions calmly. Don't let euphoria or FOMO trick you into making irreversible mistakes.    

There are a few practicalities that you have undergone with your bad investment. I am sure you have learned a lot from your failure. I also would like to say that through failure you would find success.


This is a big issue and we generally do not realize it but we are trained to do it from our childhood. We only realize this issue when we become an adult and face a problem in our life that we did not create but was created by someone else as we were controlled. You have learned the hard way however you are on the right path now.
 

There is no shame in learning; at the very least, you have expressed yourself and provided an example; experience is the best teacher, and I hope you will learn more in the forum and add to what you have already learned.
Feel free to ask questions and use the form search to find answers when necessary.

You should have started from the basics when you first began your journey. Knowledge is the first thing you gain when planning an investment, before you consider putting in your money.

With the current situation, you're not starting from the scratch, you're restarting now, with a bit of experience.
Many of the high ranked members here, might have made one or two mistakes during the start of their Bitcoin journey, and have learnt valuable lessons along the way.

No need to be shamed. You dont need to impress other people to see that you made it. Someone is only doing that to make himself visible. A true crypto enthusiast doesnt need to brag anything he founded or aqcuired. Learning in crypto could be hard but if you are open to a lot of criticism and even accept that there are people who are more succesful than you then it will be okay. Remember that we have our own success story and yours are just yet to start so be patience.

like everything else in life, everything that happens to you, be it good or bad, is a matter of your choice. your bad experience happened because you made some bad decisions that led to it.
you certainly can't blame cryptocurrencies, because you naively expected a big profit, which turned into a total fiasco.


it's called experience, even if it's negative. it's good for you if you managed to recognize where exactly you are wrong. in that case, you have the possibility to fix it.


always do your own research. your money, your decisions. no one will compensate you for your loss because you listened to the wrong advice. yes, today there are many experts, especially in the trading sector. everyone who makes a couple of successful trades is considered an expert and offers his consulting services or tips.

I recently posted an update about my bitter experience with cryptocurrency in over a year. I am not financially stable or okay yet but I am trying to build independence for myself, although I had read some theoretical approaches to things I went the wrong way and I paid the price in full.

I wasn't alone on the road to wasteful investment. I had friends who joined me or most likely encouraged me into it, but right now they are cursing cryptocurrency.

I may have lost much though but I had learned
1. How to control my emotions in cryptocurrency: before now I had issues with controlling my emotions generally and even though I had intelligence on certain things. My emotions becloud my sense of judgment. But after losing serially over one year in cryptocurrency I think that aspect is improved.

2. Letting people control you:  I have come to discover that there are so many different characters in cryptocurrency both online and offline(close to you) many of them with different schools of thought on investment, trading, and cryptocurrency in general, as a newbie I have learnt that you ought be careful on the knowledge you get feed. Many of which are wrong, unproven, and sent out by the sender based on what they were paid.

3. Throw in the towel on wrong approaches: I know many newbies are on the wrong path but are still very adamant about changing their ways. I had lost a lot but if I had remained in foolish stubbornness I would have lost more. So as newbies call it quit your wrong approach as soon as possible.

4. No shame in starting from scratch: using myself as an example I am starting fresh and going back to the very basics and I am not ashamed to admit that. The good news is that I am better experienced and more mature.