Topic: lost 10 BTC in between Feb and May (Read 648 times)

I smell cap(lies) on this one because someone earlier has sadi that OP should share his/her story but I've checked the whole thread and OP hasn't replied to this thread and I think that he should probably know how that he/she should've started sharing at his/her post. I don't know what they get from lying but it seems to me that there's a prevalence of that in the forum right now.

I agree.

Looks like OP enter huge trade with high leverage to get easy big profits even in small fluctuations. Maybe he got also greedy that he forgot to take profits along the way, or he didn't have any risk management therefore he just randomly traded any amount he wants hoping he could make an easy money over those 3 months. Trading won't always go with our plan, good to know OP that you're back again and I hope you'll gain that 10BTC back.

this is why we are encouraged to use money that is not so important for our lives, and be ready to accept the risks of trading. well, maybe trading with large capital will make us get big profits too. Unfortunately, this is directly proportional to the risks that can be obtained. in feb to may, bitcoin prices are still quite high, and anyone who loses 10 BTC is likely to be stressed and depressed. however, it is one of the paths to success. if you start again, try not to take too much of a risk.

The last time the user posted on the forum was August 18 2018, he decided to post on the forum again after 4 year's, and he is claiming he lost 10 bitcoin, since the user made the post, I notice the account have not been active anymore, maybe after another four year's the user will come online and make another post and he will go offline again. Since the user can't provide more details then I don't believe his story. As taufik123 said it's not really easy to lose that kind of money in spot trading, I know if its future trading you can easily get liquidated, if the story is true maybe the user was trading shit coins and I don't think a reasonable person will invest 10 bitcoin in shit coin.

Losing 10 bitcoins in a few months is obviously not okay and it's fair to say you're frustrated because this is a pretty big loss.
But looking at the quote you've made here it looks like you've managed to get over your frustration and it's definitely a good thing. The experience of losses and the feeling of frustration at the losses that have already occurred can be a good lesson now and of course you already know by now the consequences when you start trading again.

Another fierce mistake most people do while trading or investing on bitcoin is that they got carried away whenever there's a bullrun, thinking that the all time high in price will maintain that same high and keep increasing which is obviously not it at all, bit i can still define such as not been experienced enough to have studied the volatility nature, there are many strategies use to cut cost, loss and take the gain, just as simple as knowing when to set in and pull out, also some got engaged into altcoins as well, forgetting the mere volatile can cost the other crypto to fail.

This thread has gone through several pages trying to link some speculative over 10 BTC losses since the OP left, so without any information from the OP on the facts of the loss then the only correct answer is just advice to keep him alive.

Because no facts have been revealed about the loss of 10 BTC, so I think about a few things related to the loss case:
- If he holds 10 Bitcoins then it is still worth 10 Bitcoins till now, so this option is impossible.
- Based on the range from February to May the highest risk of loss from crashing Luna coins.
- Trading on Futures
- Invest in NFT.
- worst mistake, invest in shitcoin.

Maybe just a fictional story or I don't know, because there is no further clarity about the OP's story.

Losing 10BTC in the crypto market certainly doesn't make sense if he only trades on the Spot.
But if he trades in Futures Mode it will definitely happen. anything will be lost in an instant if you can't trade futures.

10BTC is a large number and the OP is also not clear on the chronology, maybe he just wants to enliven the forum with random posts made.

are you stuck buying and holding one of the altcoins like LUNA which fell thousands of percent of its ATH, if not what made you lose 10 BTC for example explaining what you bought and held while trading in crypto, happy to share trading experiences here and you should give detailed information to us what you play there

Am I the only one doubting the OP post, Everybody have been asking how he lost the money but he is not saying anything, I don't believe his story because he should have shared more information on how he lost the bitcon, at least it will have helped other members of the forum but he is not saying anything, the story might be true, but since the OP can provide detailed information on how he lost the bitcoin then its suspicious and the story might not also be true.

You are being very brave, there are many people that refuse to share the stories of their failures because they are afraid that someone else is going to make fun of them, however I have always thought that such a thing is necessary because newbies believe that the only thing that is expecting them in this market is success because those are the only stories they read, not understanding there is a huge bias and that people refuse to share the stories of their failures, so it will be nice if you could be more specific about how this happened to you so newbies understand that losing all your money is a real risk in this market.

Everything in life is an opportunity and we need to grab it as it last. You have really passed through a lots and I am happy that you have get on your feet back not minding how much you have list so far. The crypto market can be unpredictable at times that is why we just needed to be very prepared for the worse in case things go through the direction we will never like.

Stand on your feet and keep trying because I know that the strong never give up on things like this. Everybody do make loses and what keeps us going is the date we have in ourselves to keep pushing even though we the road looks rough.

Trading might not be good for him at the moment but for the experience he got maybe he will get more learnings on it. And I think what's best for now is he need to be more consistent on learning more things about other strategies on trading because this could upgrade his skills. But I don't suggest him to buy and hodl especially if his patience is so low and he really need to understand how to do trades to exercise all things and he can do long term hodling without getting bothered by fuds.

How did you exactly lost everything? I mean every one of us is down a certain percentage in this bearish time but only a few who were really foolish in their approach are out of the market. Either you might have done hyper active leverage trading or you must have done some crazy investment in LUNA or some NFT which maybe isn't worth a penny now. But I think you should not feel disheartened with this, if the money you made was out of your trading skill it will come back again in the next bull run you just have to be patient enough to wait for another one and keep harnessing your skill till then.

My advice would be to stop ‘trading.

When I say that, I mean you should be buying a HODLING for many years. It’s the only sure fire way to guarantee profit, very handsome profit too. Actively buying & selling, buying back & selling, back & forth is the best way to become broke. Nobody can control the markets movements so buy regularly & HODL.

Forget about ‘trading’.

Don't trade OP, you better just hold whatever you've got right now and for adding more, you just purchase it.

I want to say that if you've got out of frustration and probably depression since it's a huge amount. I commend you with that, it's one of the hardest battle that you've faced and you overcame it.

I'm sure that you've learned a lot of lessons from the mistake you've made. I admire you because it's not that easy to come out of that problem and you have to become stronger this time around.

Maybe he was investing what he could afford to lose but earning 10BTC and then losing it is painful. You're losing all the time dedicated to earning that money. It's like you wasted all those years.
Losing what you can afford to lose doesn't change much. I could afford to lose all my bitcoins because my lifestyle wouldn't change if I had 0 but I'd get into depression knowing I could have 5 apartments for that and it's all gone.


No. Don't buy shitcoins! Buying a coin that will go down if bitcoin goes down is not diversifying.

Why not stop when you realize you are losing more than winning a trade? am sure you didn't just lose all 10 btc at once. As a trader it is important to know when to stop, 10 btc is a huge amount and engaging in trade when you are not very knowledgeable about it is a bad move and always ends up in loss.
Better to take a break and go learn about trading some more before engaging in more trades, hopefully, you will be able to recover some part of your funds if not all.

The amount is not important, you were able to put 1000 btc and the news does not get more incredible from the point of view of what should be done, although for others it will surely be Woao!

That is to say, if you change the 1000 btc for a 1 satochi it does not matter, it is losses, the emotional factor should not dominate you... maybe let's say it is important for those who say woao!, but not for those who are making investments or putting money at risk.

The majority who lose any amount always end up thinking, what did I do wrong? Well, really, if you are an advanced user, you don't start with that idea, maybe it is something normal that happens, that's why they are called risky investments, what you have to know is that if you lose 10 BTC it is because you have at minus 100x that amount, but it's never the last bullet.

You have to be careful, even for the most experienced there are always downswing phases and even lucidity can be lost in seconds and mistakes can be made, but the risk factor of losses is covered with the mentioned factor, it is such a fucking simple rule but you gives longevity in any area of ​​investment.

Hot damn. That is a lot of money. It's clearly a huge loss no matter what your financial standing is and it's good to see people like snap out of your depression and move forward which is something not everyone can do.

Best tip that I can share with you is go all-in only on reliable cryptocurrencies like BTC, LTC etc and retrieve profits in the long-term instead of quick short-term gains.

Only invest when you feel completely confident that these cryptocurrencies are at a low point.

I am curious to know how you gain these ten Bitcoin and how that was lost as well. This is a huge amount nowadays, to be honest. Those who won ten Bitcoin should know how to increase their portfolio and recover even losses. From the spot, trading lost ten Bitcoin is kinda unrealistic. Either you gable or did future trade. Also might lose in Ponzi as well. We can give a few suggestions when you can share the exact reason why you lost.

If OP earned 10BTC and then lost it all when bitcoin as an asset only lost 70% high to low, I suspect it had to do with too much leverage.
Holding is the key to being successful here, not trading. Sure you can earn a lot by trading, but why would you risk your future to get a bit more than the rest of us holders?

I chose to hold, then sold very little starting at 30k and then at each big round number so 40, 50, 60 and when we went back to 30 I started buying and saving up. At this point I have more fiat money than i had in 2019 and the same amount of bitcoin. I could've had more if I traded, but it's better to be safe than sorry.
Don't trade OP, buy and hold!

Here are some tips for those who want to avoid big loss in crypto
1) Invest what you can afford to loose. Then only you can trade with clam mind and make right decisions.
2) Diversify the investment in multiple coins.
3) Focus more on coins like BTC. These are the major coins which decide complete market movement.
4) Do not sell in panic.
5) Follow crypto related news regularly.

Honestly 10btc is a huge amount of btc to loss , I'm still imagining how come you lose such amount. If it was a shitcoin I can easily believe it is possible to lose that amount.  For you to lose this amount of bitcoin I believe it was cause due to lack of knowledge and experience. The mistake you had in your past from trading experience will really be a road map to your new trading journey.  You just have to seek for knowledge, it makes trading to be very easy.

Namaste, OP.
You've been trading since 2017? You must have been through a lot of bearish market after that year especially that I can still remember when Bitcoin plummeted that year around 4k-5k and it was like a memorable experience for me in the bearish market. Curious to what you mean by forex "rollercoaster". Did you mean by these so called "volatile market"?
I am quite confused to what you meant by you earned fortune but still lost everything? Since you are also asking for trading knowledge, you might as well move this topic to Trading Discussion section.

I wish you still the best at the end, OP.

I'm sorry to hear about your loss, mate.
Would you mind telling me whether you lost your 10 bitcoins in one trade or whether your trades went wrong continuously and you ultimately lost them?

It is appreciated that you made this decision and I'm hope that your trades go well and that your losses will be recovered soon.

Wishing you success. Mate

Losses are normal in Bitcoin and so are wins but it’s important to understand how you came about a particular loss, so you don’t repeat the same actions. Take a step back to re-evaluate and strategize and come back again. If you have to unlearn to relearn please do so. However, it’s important that you take it easy on yourself. You might just bounce back from it soon.

You have made the right decision because the losers are permanently losers who turn away from crypto. And those who resume learning from mistakes will definitely gain. Every trader should prioritize education first. Also control the greediness. Some times a successful trader is unable to control his excessive greed and often loses again. So before starting trading it is necessary to know some basic things which would be effective for trading career.

By sharing it , if you are now relaxed, then glad to know that we took away your frustration.
If you are here to learn something new, then be patient and take all the suggestions and criticisms positively.
Nevertheless it would have been great if you could have shared with us, how exactly you lost your 10 Bitcoins, which is actually a great amount of money.
Also as you mentioned you started again, if you don’t mind then can you share us with what amount you are starting again.
Also in the case of money, always be cautious, as any money loss often leads to depression and frustration.

10 BTC is definitely a huge amount to lose but it seems that you did something terribly wrong to lose that kind of money.
You should share your whole story about how you lost such a huge amount. May be that will help others in avoiding the mistake.
It's good that you have come back and are willing to start over again. It takes good amount of will power for that action.
But before starting make sure you know the pros and cons of each and everything you do.
Knowledge is power and by doing a good amount of research on anything you can get good knowledge on it.
So make sure you know what you get into and invest wisely.

Hard to feel anything for a random amount. Someone who made 11 BTC and lost 10 (I know OP said he made and then lost his fortune but it's really subjective when I hear stories like this).

Dubai guy in 2017, remember him? Taking out a loan and then losing his job and pre-BTC wealth, now that's tragic.

Think I read most big tech people lost a huge chunk of their networth in the same period, but yeah, can't really sympathise when they made much of that "lost" wealth in the period before.

Am so sorry for your lost, i think your post those not give detailed explanation on how you lost your money, am sure if you are in sport trade you won't lose your bitcoin, the only thing that can happen is that the price which you use in buying it will reduce and if you can HODL it then the price will bounce back with time but am suprise how you lost 10 bitcon because I think that's a huge amount, or did you participate in future trade? I think it's very easy to lose money in future trading because you can easily get liquidated and if you are liquidated, all your funds are gone that's why you should be very careful when you are trading futures. Once again sorry for your lost.

It could've been an interesting content to discuss if you have included a detailed scene how you have lost 10Btc. Because that is not just small amount, but a huge one. Everybody must be interested how you have lost it and how have you managed to recover mentally, emotionally, and financially?

You're just basically telling everyone like hey, I'm here again after I lost 10 Btc and look I'm perfectly fine and will be going to potentially lose my money again in trading.

How experienced are you into crypto trading anyway? Because of your losses, I assume that you didn’t have much knowledge in risk management.

Coz’ no matter how skillful and experienced you are as long you do not know how to minimize and managing your risks, for sure you will be losing a lot just like what you have shared here with us.

Yvan Byeajee once said "Trading don't just reveal your character, but It also builds it when you stay in the game long enough", So for you to be back once again after losing 10 Bitcoin to trading, it actually shows that you are a strong individual, because not all will be able to get back to trading after such huge lost, as some people may even commit suicide, but you overcame the frustration, as that's approximately $200,000 right now, big enough to change one's life.
But you never told us how you came about losing such huge sum, but I'm sure it must be connected to swapping BTC to Shitcoins who only got hype and dump, because had you used the dollar cos t averaging system, you never should have lost such funds. But however, goodluck in your future trades

I entered the Bitcoin forum in 2017, and I know Bitcoin in 2014. At that time I only got Bitcoin through the faucet. Because the amount of Bitcoin I got was small, and the price was still cheap, I ignored the Bitcoin wallet data. Then in 2017 I started looking for Bitcoin through this forum, even though what I got was not Bitcoin, but tokens that I exchanged on the exchange and bought Bitcoin from the proceeds. In the 2018 Bull run I sold Bitcoin at a low price, without waiting for a high price, due to my lack of experience in the crypto market regarding price changes or bull runs. Because it's still the first time to enter the crypto exchange. Then the 2020/2021 bull run realized that crypto price changes would happen every few years. So the current bad state of the crypto market makes me happy, because I have the opportunity to buy Bitcoin at a low price, and I will hold it. Because I believe that in 2024 or 2025 the price of Bitcoin will again set a new record above the current ATH.

So mistakes, failures, losses in the past we make an experience for the future. We need not be discouraged. Bitcoin is an important asset, of course the longer we keep it, the more valuable it is.
In 2017 about 17 million Bitcoins in circulation, in 2022 about 19 million Bitcoins in circulation, in 2025 I estimate Bitcoin in circulation will reach its maximum. Of course the price of Bitcoin will be higher, because it cannot be mined. So that investors have to buy Bitcoins that are on the exchange, the Bitcoin price will automatically increase.

Sorry for what happened there mate but I believe the problem with losing in trading without having the proper experience is you trying to make back your investment quickly without taking a step back to see what you have done or doing wrongly. This happened to me back in 2015 when I was trading forex and even then I was just introduced to FX trading and had little experience when I lost that first $1000 I just wanted to make my money back and went in with another $1000 trade and lost again under few minutes so when I was introduced to crypto, I took my time but did lose some but not as what happened in FX trading.
Now I am more of a HODLer in crypto than a trader but will still trade if I feel I see an entry.

So sorry mate I know the kind of depression that follows it, that's literally part of the journey in the Bitcoin and cryptocurrency space when you don't HODL, each day we either learn from our mistakes or learn from other people's mistake. sometimes we fall on the process of learning or doing new things, falling on the process of doing something is normal, but when you fall and not getting up to identify why you have fallen and take a different approach to that is when you have failed, Mate! Rise up and use your past mistakes as a lesson to rise up and never fall again for same story.

I am sorry for your loss. I don't know how much is 10 BTC in percentage of your total savings/funds, so it's hard to assess whether it was indeed a huge loss or not personally for you, but it's a lot of money to lose in trading. It's great that you overcame the depression and are recovering from it. However, you should also learn a lesson from this loss to ensure that now that you're back to trading, you don't lose that much money again. You should limit the percentage of your funds with which you do trading, so that you can't experience a devastating loss.

I'm curious how did you lost 10 btc. That is an enormous amount and I can't imaging to lose it all. Could you share it with us so people here will know what specific advice they can give you.

I've started in this crypto space in 2016, I've also experienced many loss on my journey but that didn't stop me to quit. Even if most of my relatives are against with me being a crypto enthusiast, it won't stop me in believing to the potential of bitcoin and blockchain technology in the future so I will continue to accumulate whatever they say.

Maybe you are the one who need to understand the post better

He said he lost 10 BTC he didn't specify how? Did he say he lost 10 BTC trading Bitcoin?

And where have i said people don't lose money trading Bitcoin?


This is where you people get fucked. You think everyone can become a millionaire over night if they trade shitcoins. If I may ask, if several are millionaires, then how many have got their life time savings and account REKT to zero

lol, you must think only shitcoins or nft people can lose money, dude read what he said, he lost by trading btc (10 btc to be precise) I believe it was clearly written in the heading of the post. People can lose money through btc too, most traders trading btc with less knowledge are bound to lose if they are not careful, alts are not the only way to lose money. 
Besides, shitcoins have also made several millionaires 

The sooner you start to think of yourself as a problem gambler and think you have a very serious problem to solve, the better.

The probability of you losing your money with intraday and forex trading approaches 100% as time goes on. There are only a few, very few who are able to break that statistic.

And you'd better surround yourself with people in the real world to whom you can tell what you're telling us, who are internet strangers.

Not sure what’s the meaning of this but all I can sense is he lost it all to the depression. May be something like making decisions in anger or greed kinda feeling. I am not sure how one can trade ten bitcoins in single go but that seems to be really vague to my imagination. If you had that much money then you would have been way careful than this. Anyways, if you have lost it and then again you doing the same then let’s just hope you do it way carefully.

Sorry to hear that mate, yeah as we have said, crypto trading is like a journey, there will be ups and downs along the way but you have to keep running. Hopefully you are doing ok now, and have a lot of lessons to share to us specially on how to take care of our Bitcoin because that is a huge amount to lost in trading. Right after the bull run it was obvious that the price plummet and maybe you are doing leverage trading? Anyhow, hope that we can hear your experience so that those new in the game will not have to go to that just to understand how the market works and how you are going to make a lot of profit and maybe learn how to sustain it as well.

I feel for you and perhaps you will bounce back.  But without more context from you, it appears that you may have gotten in over year head and then doubled down a few times.  School of life lesson.

The defeats and losses that you felt before will definitely be a valuable lesson for you in the future. and I'm sure if you dare to move on. Then success will come back to you. and all that you have lost you can get back. Trading is always full of high risk. so do not be surprised if someone can lose a lot. and also no wonder one can get a lot of profit. I too have experienced a lot of losses in the past. and that became a valuable lesson for me. so that I can be more calm in trading and make a profit and now I am rebuilding my Financial.

OP, you did not explain in details how you lost your 10 BTC but sorry about that, it's a hard experience. What I have to tell you is to be more careful and mindful when ever it comes to trading with your assest. I lost $1000 $Matic on Binance exchange around February 2021, I sent the Matic to binacian exchange, waited for hours and It did not arrive, I had to read some terms/conditions I came across and I saw something that almost made me cry, what I saw was "Only trade your Matic on quick swap". I had no option than to accept the loss. After everything, I learned how to read terms and conditions/policies of any platform am using.

Little guide that may help
 1. Always read terms & policy.
 2. Learn about the risk associated any platform your using.
 3. Limit your asset if risk is too high.
 4. Only trade/operate on trusted platforms.
 5. Increased you security by adding 2FA.
 6. Do not throw all your asset into one place that you are not 99.9% sure.
 7. Seek opinion of other investors and pick out the good ones.

I think this isn't an appropriate section, you may move this to Trading Discussion and also if you want to learn more discussion about the trading experience.

You've lost a huge amount of Bitcoin in your past experience, that is a huge amount for me.  Sorry for your loss but just think charge to the experience.
I advise you don't seek other people's financial advice, you should have your own research to find success in trading.

I don't know if this comes to your mind, how about holding Bitcoin alone in a long term would might be a perfect way of making a profit since it's very volatile.

That's huge and how this could happen with a person who is into trading practice for a long time. Anyhow this couldn't have happened.

Trading always have its own risk, and a small variation in the prediction ends up losing. I've lost big out of gambling, but here it is different and I think he might've gone for some unknown coin believing to make big money. According to me this couldn't have happened, if he had invested on the top cryptocurrencies.

How did you trade such that you ended up losing 10 Bitcoin? Were you buying high and selling cheap, or did you invest them in other cryptocurrencies? Considering that you registered your account in the forum in 2017, you should be able to comprehend how the bitcoin market functions and the challenges of being a trader. You even stated to have experience trading in other markets, such as forex, so you should have credible information to prevent all of these issues.

I saw a website on your profile that sells tools for miners, traders, and other areas of the blockchain, why didn't you use the same tools to prevent losing 10 Bitcoin? It should have worked for you if you precisely mentioned it on that pages.

How you do able to lost that 10 BTC? since you havent mentioned it and just speak out about earnings from crypto and forex trading.
Yes, it could really be profitable but you should really be wise if you do tend to touch up other aspects of investment.If you've been dragged on with that NFT hype
or other related things which are currently on trend then it would be always suggested that research is always the key
but well risk is always there and since everything is unpredictable then there's always an odds for us to lose money.

Forex is enticing but like the crypto leverage, its a double edge sword.

Holding BTC alone is already going to make you profit, you don't need a leverage for it since it could grow way more than you expect during bullrun. You know this bcaz you earned your fortune last 2020 bull run. Just like the Portfolio management services you provide in your website, its for long term investors.

One thing i want you to understand op, is that no one who is curious into cryptocurrency that did not advocate or devote time to know the typical bases or the elementary aspect of cryptocurrency. Because i understand that trading is all about strategies and before you comprehend the methods you most undergoes the understanding. And secondly knowing the basic things of cryptocurrency you most study the system very well by carrying a personal research.

Jaime Escalante said, Life is not about how many times you fall down. It's about how many times you get back up. It is a good thing that you are back up on your "feet". I want to believe tthat you are no longer experiencing the depressive symptoms. It would have been nice to know what actually went wrong. Anyways, I hope you have learned your lessons. You should also take caution now that you are back to trading because in my estimation, there are more sophisticated scammers out there in 2022 than they were in 2020. So take care. Wishing you the best and hoping to read your success story later.

10 BTC is a huge chunk to lose within 3 months, but that's the risk attached to trading.

Great that you're out of the waters now and trading again; the mental struggle attached to losses uncured during trafestor gambling is real and affects people to different degrees.

You don't need any advice, as you've gotten a first hand experience. Good luck on future trades.

Would you mind sharing how exactly you lost it?

Was it through buying NFTs or shitcoins or trading futures with very high leverage?

I find this profile interesting (https://twitter.com/coinfessions) when you read through the confession, you realized that so many people are in the same boat like you.
I would also encourage you to avoid being greedy when it comes to taking profits in markets.

Namaste Group

I have been trading since 2017 and ride a lot in crypto and forex rollercoaster. I earned my fortune in 2020 bull run and lost everything.

I am here to share this bcaz, i get out of that depression frustration and misery.
I have again starting trading and came here to share my past and get some valuable knowledge from fellow traders.

thank you/ dhanyawaad for reading my post.