I've tired to see someone still said trading is gambling or vice versa, while the fact both of them are different!
Beat the market (trading on bear market) using altcoins is the highest risk in this space, only few professional trader can beat it... while rest of them ended losing his coins. Trying to recover back his losses with trading mostly doesn't work because of addiction and don't have funds management. Better to recover it with a job that paid you fixed each months.
Topic: Man lost everything to Crypto - page 13. (Read 2864 times)
I am opposed to trading is a gambling since in trading you need knowledge without it you are just doing gambling . Gambling is purely based on luck on which you cant control but in trading you can learn and predict which has a high chance on winning unlike gambling that it is luck only. Now about the lost on crypto you should have invested the money you can afford to lose
He would have made enough profit supposed he stick to bitcoin rather than trading.
From your link above: A Man Named Steven Has Lost Everything to Crypto
...lost to trading not crypto. Trading is risky and someone should never use an amount of money he can not afford to lose for trading.
From TheGuardian
From your link above: A Man Named Steven Has Lost Everything to Crypto
...lost to trading not crypto. Trading is risky and someone should never use an amount of money he can not afford to lose for trading.
From TheGuardian
In the fog of multiple addictions, he lost the “addresses” of between five and 10 bitcoins, rendering his digital buried treasure – worth up to £300,000 today – impossible to retrieve.
What does this supposed to mean? Did it mean he lost private key to those addresses? What does that has to do with addiction. Or, he meant that he lost the amount to crypto trading? Steven spotted the potential of bitcoin early and he had a talent for trading. But even if he had that money now, his addiction means it would soon be squandered.
He lost it to trading not cryptocurrencies. Altcoins can be risky as well though. “Trading is gambling, there’s no doubt about it,” he says.
Trading is not gambling but highly risky like gambling. Crypto is gambling for newbie traders and those risky high amount they can not afford to lose. 
I see incoherence and irrelevance in this article. I am not even sure if this story really happened in the first place. It seems the person hasn't lost everything to crypto. Neither did he lose everything to trading. It seems he simply lost access to his Bitcoin. But why the addresses? Does the article mean wallets? We don't memorize addresses. We don't lose them as if they're passwords or seed phrase or PIN.
It seems this site has ran out of articles to publish.
It seems this site has ran out of articles to publish.
This has been happening from the first day altcoin market started. A lot of newbies get into the market thinking they are experts after making a big profit when a shitcoin they bought gets pumped but obviously since they have no understanding of the market they end up losing all their money including the profit they made.
This case you posted about is the same with an additional addition on top which would have been better if you changed your topic title to "... lost to addition" instead.
This case you posted about is the same with an additional addition on top which would have been better if you changed your topic title to "... lost to addition" instead.
Gambling and gamblers exists even before bitcoin and cryptocurrencies have existed.
Nothing really new here; this is pretty much just a reminder to newbies that there's no such thing as 'easy money'. And to top it all off — don't do drugs, peeps.
Nothing really new here; this is pretty much just a reminder to newbies that there's no such thing as 'easy money'. And to top it all off — don't do drugs, peeps.
Yes, crypto is the least relevant word here. It is someone who has problems and externalizes them with addictions and compulsive behaviors. If crypto didn't come into existence, he would have externalized it with gambling, drugs, etc.
The tabloid press and the anti-crypto crowd are doing the story a lot of good, though.
Gambling and gamblers exists even before bitcoin and cryptocurrencies have existed.
Nothing really new here; this is pretty much just a reminder to newbies that there's no such thing as 'easy money'. And to top it all off — don't do drugs, peeps.
Nothing really new here; this is pretty much just a reminder to newbies that there's no such thing as 'easy money'. And to top it all off — don't do drugs, peeps.
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. 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
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