Pages:
Author

Topic: Man lost everything to Crypto (Read 2835 times)

newbie
Activity: 14
Merit: 0
July 21, 2022, 03:22:14 AM
Do not believe anything and everything you see on the internet. Better to conduct your own due diligence and take necessary risk management measures.
sr. member
Activity: 882
Merit: 268
July 20, 2022, 11:35:27 AM
This will only happen when we do not learn from the beginning first and jump right in as traders.
Of course, everything must be prepared carefully in order to get very good results for the results as well as to become a trader. Must be prepared from the start and know the ins and outs of traders and Crypto.
In the link that you have pasted it is clear that he does have talent (listed there) but when you forget about other things such as addresses or other things it is clear that this is something fatal.
At least he now knows that Crypto is a place with a big risk there but this can be minimized if he can maximize his talent with all the knowledge he learns of course.
Dont really make yourself get too hyped with things because if you do then you would really be finding yourself in big trouble once the market would really be plummeting or going down.

Always take some risk management on every actions you would make specially on crypto where prices is way too volatile and cant really be predicted which it is really just that much needed on having these kind of considerations before making action or else you would really be finding yourself to be fucked up specially when you do make some go-all in kind of action.

You would really lost everything if you dont make yourself to mind about risk factor.Just dont make yourself just get too hyped.
The fact is that most people, especially when they are first in Crypto, always do that and I'm sure almost everyone here feels it.
There's no need to deny it because this is the process and I've done it too, but what makes the difference possible in this case is that some are serious about learning and some are just excited without knowing anything and get crushed.
I think in this case the decline is always the main problem for most people but precisely if we know about this gap is a good thing because apart from after the decline there will definitely be an increase on the other hand this is a good thing to increase the load.
I think the spirit is necessary but we must know our limits.
sr. member
Activity: 2436
Merit: 324
July 19, 2022, 04:39:33 PM
This will only happen when we do not learn from the beginning first and jump right in as traders.
Of course, everything must be prepared carefully in order to get very good results for the results as well as to become a trader. Must be prepared from the start and know the ins and outs of traders and Crypto.
In the link that you have pasted it is clear that he does have talent (listed there) but when you forget about other things such as addresses or other things it is clear that this is something fatal.
At least he now knows that Crypto is a place with a big risk there but this can be minimized if he can maximize his talent with all the knowledge he learns of course.
Dont really make yourself get too hyped with things because if you do then you would really be finding yourself in big trouble once the market would really be plummeting or going down.

Always take some risk management on every actions you would make specially on crypto where prices is way too volatile and cant really be predicted which it is really just that much needed on having these kind of considerations before making action or else you would really be finding yourself to be fucked up specially when you do make some go-all in kind of action.

You would really lost everything if you dont make yourself to mind about risk factor.Just dont make yourself just get too hyped.
sr. member
Activity: 882
Merit: 268
July 19, 2022, 04:19:28 PM
This will only happen when we do not learn from the beginning first and jump right in as traders.
Of course, everything must be prepared carefully in order to get very good results for the results as well as to become a trader. Must be prepared from the start and know the ins and outs of traders and Crypto.
In the link that you have pasted it is clear that he does have talent (listed there) but when you forget about other things such as addresses or other things it is clear that this is something fatal.
At least he now knows that Crypto is a place with a big risk there but this can be minimized if he can maximize his talent with all the knowledge he learns of course.
legendary
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
July 19, 2022, 04:10:58 PM
Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.

Data : Man Lost Everything to Crypto

He says trading is gambling? Lol. Maybe it was his other questionable and risky life choices which made him a bad trader?

I think he should have gotten rid of his bad risk behaviour before blaming his utter Bitcoin loss on cryptocurrency trading instead of on his All-In With A Bad Hand and No Guts No Glory attitude.

Seriously, he is just a bad gambler, not a trader. And if he thinks he can smear crypto then we have many successful traders who can prove him wrong. Someone should teach him how to DCA.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
July 19, 2022, 10:35:14 AM
In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.
Data : Man Lost Everything to Crypto
When something is lost it is difficult to find it. It would be more difficult when it address digital currencies in case of losing data. Many of us have a healthy mind to memorize all the data information, but sometimes it is too late to find it. ‍One who is addicted to drinks or gambling,  how will he preserve it. I think it's more likely that he lost his assets.
newbie
Activity: 17
Merit: 0
July 19, 2022, 05:58:53 AM
It is a pure reminder of the trading world and the risks associated with it. Every incident in the trading world is a learning for everyone, including the one who loses. This situation has told everyone that trading is not an easy thing to do, nor is it gambling. It becomes gambling if we do not play well.
newbie
Activity: 28
Merit: 1
July 19, 2022, 02:19:15 AM
This only happens when newbies think that this is a market where you’ll earn ‘quick money’. It is not. They fail because they treat it like gambling. When you lose, you do not play again. You take time to analyse, strategise so you don’t make the same mistake again. The whole idea is to earn profit and it is not easy.
hero member
Activity: 2184
Merit: 718
July 18, 2022, 04:12:07 AM
Well that is how it feels when you come into trading, addiction kicks in, you basically want to try to catch all the pips, you keep losing with hopes and high spirit. but you sometimes later get it right for some people they would have probably given up before that happens. There are ways to take, you can recover lost bitcoin or ask for guidance by visiting www.prudentrecovery.com
I'm not sure about the guidance you provided because every asset that has been lost can't be returned by anyone. Losing is part of the risk that must be understood before someone makes a decision when they want to work in trading or the like. Because if there are parties who are able to return lost assets such as Bitcoin, then no one will be disappointed by the loss and everyone will not be too careful in storing their assets if there are parties who are able to return them when they lose.
newbie
Activity: 15
Merit: 0
July 18, 2022, 04:06:05 AM
Addiction to anything in the world leads to destruction. Trading isn’t gambling until you’re doing it in the right way. People who think trading as gambling often lose and this is a great example to seek lessons from.
legendary
Activity: 1946
Merit: 1157
Undeads.com - P2E Runner Game
July 18, 2022, 03:34:32 AM
According to the subject, it was said that cryptocurrency was one of the things that ruined Steven's life, right? That for me, it seems wrong to say that one cryptocurrency ruined his life, because first of all crypto has nothing to do with his life, but because of his choice he probably made a mistake in buying crypto that he did not study well first. that it had a problem at the time he bought it. Because many cryptocurrencies have helped most people around the world, that's the fact check and the truth there.

The facts and the truth about those who are harmed and benefited are true. Cryptocurrency is a very risky asset for those who don't know how to use it, but for those who do, crypto is a good place to grow profits. people who have stories about how their lives were ruined because of cryptocurrencies, it's just an effect of their ignorance of what they hold on to.
What makes people lose everything is not just crypto, there are many things that can make people lose.
hero member
Activity: 1694
Merit: 516
July 18, 2022, 02:28:01 AM

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.


I am sorry for Steven that his life got out of control and he lost everything, but crypto currencies are not at fault here, it is his own wrong doings that let him down this road. Saying that trading is gambling is wrong obviously. Gambling are games that are being offered by casinos in which the gambler knows his odds of winning before even playing. Before ever playing any casinos game we know that our chances of losing money are larger than our chances of winning - this is how the casinos makes money. When it comes to trading the rules are different, there are no fixed odds for us to win or lose. Trading is a closed system, we trade against other humans and the only way for us to make money is if someone else loses money. Who knows what would have happened to Steven if he didn't start with crypto currencies, maybe he would have traded stocks and became addicted to stocks instead. It's good that he got help and is living now in a rehabilitation centre and can get his life back on track.
newbie
Activity: 15
Merit: 0
July 18, 2022, 01:35:12 AM
Once you understand the crypto market you’ll become more wise and cautious while making any investment decisions. Also it is not smart to invest the money you can’t afford to lose.
hero member
Activity: 616
Merit: 509
Top Crypto Casino
July 15, 2022, 03:05:58 AM
Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.

Data : Man Lost Everything to Crypto
this doesn't add up..he lost everything to crypto or trading.how? and why the addresses  mentioned in the storyline. I think may be he was defrauded to sending  his btc to someone his doesn't know claiming to be something or someone else promising him more profits.. The reason for this  because me myself I have had similar encounter with this fraudsters online... Maybe I suppose if this story of losing everything is true then maybe that's what might have happened to Steven
newbie
Activity: 15
Merit: 0
July 15, 2022, 02:33:40 AM
Bitcoin and other cryptocurrencies are extremely volatile digital assets. Trading without sufficient understanding and care might result in large losses. Just like this one.
sr. member
Activity: 1666
Merit: 453
July 15, 2022, 01:32:24 AM
According to the subject, it was said that cryptocurrency was one of the things that ruined Steven's life, right? That for me, it seems wrong to say that one cryptocurrency ruined his life, because first of all crypto has nothing to do with his life, but because of his choice he probably made a mistake in buying crypto that he did not study well first. that it had a problem at the time he bought it. Because many cryptocurrencies have helped most people around the world, that's the fact check and the truth there.
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
July 14, 2022, 03:31:16 PM
In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life.
He should blame his misfortune on drugs and alcohol and exclude cryptocurrency because crypto did nothing wrong to him, at least, it isn't crypto's fault that he is addicted to drugs and alcohol and was probably high when he was creating his cryptocurrency wallet and due to intoxication misplaced his wallet private keys or seed phrase, which ever that was issued to him upon wallet creation, I can also bet that he was all the time, high while he traded crypto, how or why wouldn't he loose everything when he traded while highly intoxicated with drugs and alcohol?
Crypto currency investing or trading is not something one does carelessly or high on drugs and alcohol, it requires your full concentration and also requires you be in your right frame of mind anytime you trade or invest.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
July 14, 2022, 12:40:55 PM
People can become addicted to both gambling and alcohol. As a result, his normal human knowledge development is disturbed. ‍If someone is addicted to anything then he must be destroyed. These are the problems that most new investors face when using cryptocurrencies. They invest without proper knowledge and after a period of time when they fail, they complain about cryptocurrency. He alligates to deceived by these. Moreover, cryptocurrency is the most volatile currency, and any open gambling or drug addiction is doomed to failure.
newbie
Activity: 2
Merit: 0
July 14, 2022, 09:07:04 AM
 Well that is how it feels when you come into trading, addiction kicks in, you basically want to try to catch all the pips, you keep losing with hopes and high spirit. but you sometimes later get it right for some people they would have probably given up before that happens. There are ways to take, you can recover lost bitcoin or ask for guidance by visiting www.prudentrecovery.com
newbie
Activity: 8
Merit: 0
July 14, 2022, 08:45:09 AM
Similar thing happened to a friend of mine sometime last year. He was introduced to cryptocurrency as an avenue to get rich quickly, I tried to advise him to take precautions and do proper research before buying altcoin but he was sure he will make x10 his money in 3 months. He lost everything.
Pages:
Jump to: