Not about to give up hope. - page 5.

KingsDen

legendary

Activity: 1288

Merit: 1081

Goodnight, o_e_l_e_o 🌹

Quote from: m2017 on April 01, 2023, 10:06:54 PM

Quote from: Cryptomultiplier on April 01, 2023, 08:07:25 AM

I have had to experience some dark times alone, in the which both family and friends couldn't understand.
The loss most times or the fear of loss opened my eyes to valuable lessons and the hope to rebound after such an experience lies wherein one doesn't stay flat faced on the ground.
Apart from myself, most companies too have had to crash or close down for reasons that sum up as unprecedented. I took the liberty to compile some recent programs that have failed recently with a message of hope to others and individuals that the best can still be gained from any of such awful experience.

No one would believe If they were told some months ago that:
• FTX would collapse,
• LUNA would go to 0,
• 3AC/BlockFi/Celsius would implode,
• USDC would de-peg,
• Interest rates would rise to 4.5%+,
• Major banks would collapse,
• The SEC would attack crypto, and
• Bitcoin will STILL be above $24k.
Here we are, and wherein these failed, others has risen to the challenge with better services and security against similar recurrence.

Am not about to give up hope, so should you.

•What ways have you exercised hope after setbacks or failure?
•What lessons can we learn from your experience?

The very first lesson: ~~shit~~ failures happens. You need to take this into account and be prepared. Not all of our attempts will be crowned with success, but success is impossible without trying. So, my friend, troubles will always be waiting for us on the path of life. The only question is how we will overcome them and how to perceive them. Either we are frustrated and give up, or we gain valuable life experience that will certainly help us overcome the next trouble in the future. You should not consider failure as a problem, but you should see it as an opportunity to show your abilities and become stronger.

Always keep faith in yourself and hope. Everything will work out if you make attempts (be active).

All those things he listed affected many individuals as well as projects in the crypto-currency market.
But one important thing to note is that no single person or single project that was affected by all of those that he listed above.
It is either you are a victim of one and not a victim of the other. But I doubt that only one person or company would be a victim of all that was listed above.

Apart from keeping on trying and being active, we should also learn to invest our money where we have minimal chances of losing it. Anything that happens to do with Altcoin can give you a huge yield of interest but we should understand that it is just like a gambling anything can happen at any time.

Botnake

hero member

Activity: 2856

Merit: 667

Definitely, if you encounter some setbacks from your crypto journey, quitting or giving up your hope is not the best remedy. In the first place, you should be aware that trading or investing is not all about winning streaks, expect that there are unforeseen setbacks that will eventually happen along the process. That is why never lost your hopes and stay having positive mindset. Remember that a winner never quits, and a quitter never wins. So if you fail, then rise up and move forward. Though the crypto journey might be uncertain, but with positive mentality, you will eventually unleash your potentials to succeed.

Flexystar

full member

Activity: 1092

Merit: 227

Quote

•What ways have you exercised hope after setbacks or failure?

None. I am just continuing my daily routine with bitcoin. Just the ordinary day every day. You come to the market to see if bitcoin is going down or going up. If it is going down then it's time to take out some more cash from your salary and put it into bitcoin. Try to grab as much as I could in the form of bitcoin and other currencies. I am also a hardcore micro earner, I keep doing tasks here and there. I have made at least $100 per month in crypto from doing side hustles. It may not sound much but it is in the long term.

I am a strong holder!

Quote

•What lessons can we learn from your experience?

Though I already learned about these lessons, those collapses were living proof that you should not be keeping your fund in an exchanger wallet. This again proved that Not your keys, Not your bitcoin. I am more or less taking it as a revision after the collapse happened. Also, it boosted me to buy more bitcoin (satoshi). Cheesy

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: yazher on April 02, 2023, 11:51:50 AM

The truth is, if they can shut down bitcoin at any cost, they will do it but their problem is, they don't have any access to it no matter how hard they try and the only thing they can do is put pressure on some of the exchanges and they just going to put high taxes for the crypto miners if they could. Despite all of these crazy things that happened these past few months, Bitcoin price is still at $20k+ and has the potential to increase in the upcoming months. No matter how hard they tried bitcoin price is still going to be strong and it will not be affected by the world economy as well.

If governments really had the power to destroy this market they could have done so already, but they really cannot do it so they have chosen to try to contain this market for as long as possible and deceive people with the release of their CBDCs.

Will this work? For a time at least, as many people will be deceived to think those centralized coins are better than bitcoin, but once the economy goes through a systemic failure those coins will fail too while bitcoin will thrive, forcing them to invest in it despite all the prejudices they may have against it due to the propaganda released by the mainstream media.

martyns

full member

Activity: 840

Merit: 137

Quote from: Cryptomiles1 on April 02, 2023, 07:37:56 AM

Anyone who is gives up at this surviving time can be considered a failure himself or herself, as a matter of fact cryptocurrency market at large are always volatile not only bitcoin but to any exchange you are using or any platform you find yourself always apply some smarter move in other not to be left behind or even being robbed. Naturally I have learnt some lessons so I have to apply some technicality to overcome future problems, not even the bank are saved anymore.

Anyone who gives up must be considered a failure as you said because with the expectations I have for myself,nothing can make me give up on trading,the only thing I just need to do always is to keep on changing the startegy that doesn't seem to work for me to a more better strategy that can work effectively for me.The mentality of a winner is not to give up nomatter the countless times that one have tried and it didn't work,every day can never be bad,there must be a day that when you will try as usual, you will end up making it big.They say winners never quit,and quitters never win,this saying has kept me going and has always given me hope that even though I try for about 99 times and it didn't work, definitely one day,it will work,and this is thesame mentality that every trader needs to get.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: Cryptomultiplier on April 01, 2023, 08:07:25 AM

(....)
•What lessons can we learn from your experience?

From my own experience, I can say the first is to have a clear investment strategy: Develop a clear investment strategy based on your financial goals and risk tolerance. Second, keep emotions in check: Emotions can often cloud judgment when it comes to trading cryptocurrencies. Avoid making decisions based on fear, FOMO (fear of missing out), or greed.
Stick to your investment strategy and be disciplined. You just need to master and be consistent.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: BIT-BENDER on April 02, 2023, 01:41:05 PM

I don’t know about the rest but the case of FTX I would have seen it coming, the case of FTX was not all about it crashing, FTX has circumstances that lead to it crashing.

The boss of FTX made some bad decisions and took peoples funds to try to create more wealth for himself. Taking peoples fund without their consent is wrong regardless of the outcome of what he used it for. But in his case he lost big time from using peoples fund leading to a crash. This are the risk of centralized exchanges you should be watchful over.

And it won't be known that the signs were there if CZ didn't speak about it. But then it got the attention when it was been said through him. That was one of the biggest swindlings that have ever happened in a thought genuine crypto exchange in history. That crash was also due to them, I mean all of these crashes and frauds that resulted to make everyone in panic mode especially those folks that have got funds into those platforms. I know that my wish won't be that easy but it's all about that we shouldn't see anything like this more in the future but I guess that's just a wishful thinking that won't be granted.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: lalabotax on April 02, 2023, 04:57:22 PM

Quote from: Cryptomultiplier on April 01, 2023, 08:07:25 AM

I have had to experience some dark times alone, in the which both family and friends couldn't understand.
The loss most times or the fear of loss opened my eyes to valuable lessons and the hope to rebound after such an experience lies wherein one doesn't stay flat faced on the ground.

So sorry to hear that, but actually, we had ever same problems. Sometimes, we are facing a very big problem that only we ourselves who are able to face it, Especially if we really can't talk to our families about the problems we are facing. Or for example when they don't know anything or can't help anything because they don't understand what we are doing. This of course will be very heavy. especially if they know our difficulties, maybe they will feel burdened or feel something bad will happen. However, this all happens a lot, sometimes we just need to be precise. Maybe you are going through a difficult time on crypto loss by yourself, but at least you can get through it.

this is why it is always best to diversify your portfolio outside of crypto. we can't tell what worst scenario is about to come. but if you have other assets outside crypto, you have a fallback. and you won't be as miserable as compared to losing all your funds in this market.

lalabotax

full member

Activity: 1582

Merit: 132

BK8 - Most Trusted Gambling Platform

Quote from: Cryptomultiplier on April 01, 2023, 08:07:25 AM

I have had to experience some dark times alone, in the which both family and friends couldn't understand.
The loss most times or the fear of loss opened my eyes to valuable lessons and the hope to rebound after such an experience lies wherein one doesn't stay flat faced on the ground.

So sorry to hear that, but actually, we had ever same problems. Sometimes, we are facing a very big problem that only we ourselves who are able to face it, Especially if we really can't talk to our families about the problems we are facing. Or for example when they don't know anything or can't help anything because they don't understand what we are doing. This of course will be very heavy. especially if they know our difficulties, maybe they will feel burdened or feel something bad will happen. However, this all happens a lot, sometimes we just need to be precise. Maybe you are going through a difficult time on crypto loss by yourself, but at least you can get through it.

BIT-BENDER

hero member

Activity: 1666

Merit: 709

Playbet.io - Crypto Casino and Sportsbook

I don’t know about the rest but the case of FTX I would have seen it coming, the case of FTX was not all about it crashing, FTX has circumstances that lead to it crashing.

The boss of FTX made some bad decisions and took peoples funds to try to create more wealth for himself. Taking peoples fund without their consent is wrong regardless of the outcome of what he used it for. But in his case he lost big time from using peoples fund leading to a crash. This are the risk of centralized exchanges you should be watchful over.

kamvreto

legendary

Activity: 1946

Merit: 1157

MAaaN...!! CUT THAT STUPID SHIT

Quote from: Distinctin on April 01, 2023, 05:36:28 PM

I guess in all aspects in life, failures are always certain. But it does not mean that we should stop working to achieve our goal, instead it should set us to become more motivated and focused to our goal. That is why with all the setbacks that are happening in the crypto market, we should not be discouraged but learn to move forward with full of hope and potentials. That's the only way we can regain our losses, and learn from them by not giving up.

Yes, that's very true, brother, the setback that occurred was only a delayed success. Building motivation from failure will have a good effect so you can be more enthusiastic. The crypto market has high volatility, so there are many possibilities that can happen. Keep learning the science of trading, understanding every strategy that is made will help in the trading process so that it is better and can generate profits.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

The truth is, if they can shut down bitcoin at any cost, they will do it but their problem is, they don't have any access to it no matter how hard they try and the only thing they can do is put pressure on some of the exchanges and they just going to put high taxes for the crypto miners if they could. Despite all of these crazy things that happened these past few months, Bitcoin price is still at $20k+ and has the potential to increase in the upcoming months. No matter how hard they tried bitcoin price is still going to be strong and it will not be affected by the world economy as well.

Ultegra134

hero member

Activity: 1680

Merit: 845

I also lost a decent sum of money on Luna because I was staking UST when the whole incident occurred. Certainly, it wasn't worth giving up; I recouped my losses within a short time period. Despite the current pessimistic situation in the market, Bitcoin is still holding at $28,000, which I find quite amusing if you ask me. Giving up shouldn't be an option; unfortunately, I was too sensitive a couple of years ago, in 2018, and abandoned Bitcoin and the forum itself. The market had crashed, and instead of seeing it as an opportunity, I saw it as a failure, which has been my biggest mistake so far.

Cryptomiles1

full member

Activity: 798

Merit: 134

Anyone who is gives up at this surviving time can be considered a failure himself or herself, as a matter of fact cryptocurrency market at large are always volatile not only bitcoin but to any exchange you are using or any platform you find yourself always apply some smarter move in other not to be left behind or even being robbed. Naturally I have learnt some lessons so I have to apply some technicality to overcome future problems, not even the bank are saved anymore.

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: Cryptomultiplier on April 01, 2023, 08:07:25 AM

I have had to experience some dark times alone, in the which both family and friends couldn't understand.
The loss most times or the fear of loss opened my eyes to valuable lessons and the hope to rebound after such an experience lies wherein one doesn't stay flat faced on the ground.
Apart from myself, most companies too have had to crash or close down for reasons that sum up as unprecedented. I took the liberty to compile some recent programs that have failed recently with a message of hope to others and individuals that the best can still be gained from any of such awful experience.

No one would believe If they were told some months ago that:
• FTX would collapse,
• LUNA would go to 0,
• 3AC/BlockFi/Celsius would implode,
• USDC would de-peg,
• Interest rates would rise to 4.5%+,
• Major banks would collapse,
• The SEC would attack crypto, and
• Bitcoin will STILL be above $24k.
Here we are, and wherein these failed, others has risen to the challenge with better services and security against similar recurrence.

Am not about to give up hope, so should you.

•What ways have you exercised hope after setbacks or failure?
•What lessons can we learn from your experience?

I've been trying to make some money on the Internet for almost 25 years and I've lost money more times than I can count.
There is nothing I haven't tried, from Revshare program, adclick, Forex, MLM and everywhere I lost money.
All my friends, with whom I was trying to earn something on the Internet, had already given up except me.
I ended up making money in crypto and bitcoin and tried to get my friends interested, but they had already lost money so many times before on Internet that they were just too skeptical and didn't want to get involved.
What can be concluded from my example? Maybe it's just that you should never give up, but also that you should learn from your previous mistakes and be ready for changes.

Dzwaafu11

sr. member

Activity: 714

Merit: 353

Quote from: Cryptomultiplier on April 01, 2023, 08:07:25 AM

No one would believe If they were told some months ago that:
• FTX would collapse,
• LUNA would go to 0,
• 3AC/BlockFi/Celsius would implode,
• USDC would de-peg,
• Interest rates would rise to 4.5%+,
• Major banks would collapse,
• The SEC would attack crypto, and
• Bitcoin will STILL be above $24k.
Here we are, and wherein these failed, others has risen to the challenge with better services and security against similar recurrence.

Am not about to give up hope, so should you.

•What ways have you exercised hope after setbacks or failure?
•What lessons can we learn from your experience?

Giving up has never been an option for me since I started my bitcoin business because I always expect these things and I don't fully trust them, which is why I rarely leave my money in them. These things easily collapse, and they only become popular when lots of people use them.

I only invest the amount of money I can afford to lose, which is one of the reasons I don't put too much money into investments.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: lovesmayfamilis on April 01, 2023, 11:43:41 PM

Quote from: StormHawk on April 01, 2023, 10:06:01 AM

Lesson of the day, do not over invest on one altcoin, even if you can't find any traces of scam or untrusty team do not conclude that your money will be safe in an altcoin, the risk is too big than you could ever imagine. Diversify into more than two altcoins, this will automatically reduce your risk.

I would say, Just don't trust altcoins unless you are ready for the stress.
What did people take away from the events that happened? For those who did not lose a lot, there was a good lesson not to trust the storage of their assets on the exchanges; perhaps this was a sign from above. But those who have suffered huge losses probably need psychological help, and maybe many will not return to this sphere, and the rest will be very careful. When investing your money in anything other than Bitcoin, wherever it is stored, you need to be on your guard early, and it is not recommended for the faint of heart to take risks.

Just to avoid high risks at all cost, then only invest in bitcoin and stay away from altcoins. Diversification does not mean that you have to invest both in bitcoin and in altcoins, you will still lose if you follow that. But if you invest in bitcoin, and then invest also in gold, real estate or stocks, that means you will likely to generate more income aside from bitcoin. However, losing is still inevitable in all types of investments, that’s why never invest above your means or invest only an amount you can manage to lose.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

These are the normal things you could see in the market always in the bear if you surrender right now I guess you could change the path you are taking better to make a lesson with these lowest time of the market sooner or later you will that there's a bull market post but that time surely that you lose already the chance of having a good accumulation of the coins.
By the way the FTX collapsed already. Always grab the chance and opportunity to make an entry else you lose the chance.

Fullcoinese

full member

Activity: 407

Merit: 136

maybe that's why many of those who have been in the crypto market longer say to focus only on Bitcoin. perhaps we will benefit from waiting a little longer. unlike altcoins which instantly and in a short time can provide big profits. they create hype and then get wasted.
I also still have a little habit of saving altcoins. but it doesn't look like it will be for the long term. all experience in today's market teaches us a lesson. so do the altcoins of the exchange platform. nothing will erase the risk.

Jawhead999

legendary

Activity: 1820

Merit: 1207

Quote from: Cryptomultiplier on April 01, 2023, 08:07:25 AM

• FTX would collapse,
• LUNA would go to 0,
• 3AC/BlockFi/Celsius would implode,
• USDC would de-peg,
• Interest rates would rise to 4.5%+,
• Major banks would collapse,
• The SEC would attack crypto, and
• Bitcoin will STILL be above $24k.

•What ways have you exercised hope after setbacks or failure?
•What lessons can we learn from your experience?

1 and 3 Centralized platform matter.
2 and 4 Altcoins matter.
5 and 6 Bank and macro economy matter.
7 Cryptocurrency matter (including Bitcoin)
8 ?

According to above matters you've mentioned above, you meant we should avoid centralized platform, bank and cryptocurrency (including Bitcoin) Cheesy

so the choice is invest in gold and real estate.

Don't exaggerating Bitcoin because of it's price, SEC can attack Bitcoin if they're not happy with it.

There's always a fear SEC will attack Bitcoin, so just prepare and diversify your portfolio to other assets, not shitcoins.

Topic: Not about to give up hope. - page 5. (Read 854 times)