Topic: Not about to give up hope. - page 6. (Read 803 times)

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.

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).

Actually this was all very easy to believe if you are a shitcoin skeptic. Shitcoins collapse regularly, they only grow because they get hyped and pumped, when there's no more new buyers, they enter a freefall. Centralized exchanges and other crypto services also tend to collapse because they often engage in unsustainable practices instead of running a honest business - because they are not fully regulated and audited. Bank collapse is also nothing new, banks are just companies, companies go bankrupt all the time.

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.

Quitting is never the best option here. Instead, move forward but with caution. Since we know that there might be unforeseen incidents that are inevitable, so we should be more wise and smart in choosing the path we should take. And that we should focus more on bitcoin seeing its more secure and safer than any other cryptocurrencies in the market. And when it comes to exchanges, learn to avoid centralized ones because if those will also crash in the future, that means our coins too has gone forever also.

Nothing is impossible in the cryptocurrency space. The sector is so unpredictable that anything can happen within a few minutes which can lead to the rise or fall of any crypto-related firm or product.

FTX was one of the leading exchanges that was seen as a stable and reliable investment. They have invested heavily in advertising sponsoring many key sports competitions and signing expensive endorsements with some key sports personalities. The firm was also a major donor of political parties. With all these credentials, I never thought FTX will collapse.

I always knew that SEC was a major anti-bitcoin force because of their constant criticism of the sector. Their attacks didn't come as a surprise because the government will always want to control the global financial sector.

I was expecting Bitcoin to rise next year and its consistent gains recently is a surprise to me. Many crypto analysts never predicted that the price will keep recovering because I always heard them forecast that recovery will be next year.

I have learned to always expect any surprises from the bitcoin sector. Also, we should invest only what we can afford to lose since we cannot predict the industry accurately. Lastly, we should follow and execute our investment plans regardless of the market situation. Hold your coin if that's what is in your plan and don't mind any distraction.

Being consistent and by sticking to the plan and that plan is to be long term holding bitcoin. No matter what happens, no matter what FUDs are there, stick to what you're planning for.

That's the foundation that needs to be set because you'll never know if by the time you sell, you can no longer take it back and that's happening for most holders even if they want to buy back, they just can't anymore.

Not that much but to be consistent in bad situations.

Nothing like failures in cryptocurrency, it is we the investors that dabbles into any crypto and waste our money on them thinking we have invested, not every crypto you should consider because of the risk in them turning to a failed attempts, they can run down and went altogether with your investment untraceable, avoid them until your thicker enough to take high risk of loosing or winning when you invest on other crypto, but bitcoin should be a start for you not until then.


If you didn't take heed to avoid them, you may be another victim to any scam related experience in the future.

There is no need to give up on the conditions that befell several cases as you mentioned, in the business world there will be failures and people will lose confidence, but many others will arise, this is a basic law that we can never avoid. Some of the cases that have occurred will be important lessons, that we need to look further at altcoins or any exchange for security and risks that we need to avoid. Do a little research and find as many sources of support as possible before you get involved.

But however you need to do research before making a decision, no one can guarantee the strength of the investment you are making, if you don't choose one of the best that has ever existed and I'm sure you understand what I mean?

The understanding that things can turn around for good within an unexpected time is enough to keep hope alive. For many poor people, that is the subtle reasoning that they are still moving and believing that once there is life then hope is alive. The lessons to learn generally about someone who have been patient to undergo difficult economic hardship is that tough people last but tough times don't, nothing is permanent and this is why you see a poor person tomorrow but the next time you see them, they are all good with different positive stories.

It depends on the situation exactly like sometimes giving up on that thing is better then holding it up if it's not going to give you anything in return.I am talking about altcoins here like what if people still believe meme coins can take them to moon? Having hopes on such things is not really good option but if you exit the market at right time for them you will not face huge loss.

Experiencing a setback is not the end of the world. When the investment we make fails, it doesn't grow and even losses are always present. So we need to introspect, there must be something wrong with the way we invest, about our point of view. All of that must be corrected properly. Nothing is easy and nothing is instant.
You can get a lot of lessons from all of these events. Speaking of losses, there are still those who have suffered more than us. Believe and rebuild your potential in crypto, this is only the beginning, if you can get through it you will also be successful.

Failure is delayed success, without failure you will never feel how sweet the results of the struggle are. People who have achieved success have never given up on themselves, I'm sure you also have a strong urge to turn failure into success. Try turning failure into an opportunity for success, the skills you have can be used as capital, especially when you are advertising a Bitcoin paid campaign. The results you get weekly can be used as capital to achieve the success you have long wanted.

The interest rate been raised wasn’t that much of a shock to me because seeing how inflation was increasing and the price of virtual everything going up expert were warning that this will certainly be a step the government will take. As it stands now it has actually worked because some commodities cost have actually reduced. The problem now is will this be a lasting solution for the recession that is lurking around?.


I would simply say do not call alticoins accumulation an investment rather if you feel the hype around the coin and your are looking at gaining from it then you could simply gamble on it. But having lots of Alticoins and calling it diversification of portfolio and looking to save them for long is just like setting one up for a whole lot of risk

A lot has happened in the crypto space, some have had bad times with the altcoins they invested in, theft, or losing their wallet phrase. The collapse of FTX made me feel concerned how unfair it was to those that lost their asset then, mostly the crypto newbies who just started crypto investment but had their coin in FXT, which failed with the coins of these newbies, which will definitely make them feel bad and or raise a bad perception in them.

But not to mention all, those that also lost almost all their assets in the Terra Luna collapse had a terrible experience, but giving up is the worst thing to do because life itself is not a bed of roses or a bed of stones. Some people choose go through what they cannot handle such as going into crypto investment with the hope of making millions in a couple of weeks or months. As such, they make a lot of mistakes, like taking the wrong advice or letting their emotions guide their decisions.

There are always those unofficial rules in crypto space:

• Don't invest what you can't afford to lose.
• Don't store your coins on the centralized exchange.
• Don't give your wallet phrase to anyone.
• If you don't hold, you won't be rich.
• Buy the dip and etc.

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.

Well SEC attacking crypto is not surprising because their threat is already there the moment security tokens was introduced and being charged  by them. STO industry in crypto is now long dead due to the SEC interference. All the list above except this one is really unexpected to happened.

Stay away on crypto for some time, Don’t chase loss and invest slowly until you fully recover through consistent small profit. Consistency on what you are doing is the best method to do to overcome failure.

Never invest without doing research. This is always my mistakes when shit occurring to me. I’m always buying due to hype then do research later on when the project is already dipping.

I was very surprised about LUNA collapse, people had already invested huge but lost all there money but in which ever way the believe and trust I have for Bitcoin still remain the same.

FTX collapsed.

Luna all-time-high was $119, its price today is 0.00012482. it is now called Luna Classic (Lunc). Anybody that hold Luna that time is having nothing left now, the price went to zero, but just in a way that people can still trade the coin.

Altcoins is gambling is what I realized. See altcoins investment as gambling. Do not hold on exchanges, move your coins to noncustodial wallet. Hardware wallet or cold storage wallet are safer.

In this case, giving up is never an option; the cryptocurrency market has been down for more than a year, but the interesting thing is that people are still buying Bitcoin despite the price drop.

Even though many Altcoins have collapsed along the way due to a lack of transparency and some personal issues that result in some people losing money in the process, people who understand the importance of and believe in Bitcoin continue to invest in Bitcoin because they believe it will rise above its ATH again.

The lesson I learned from the current crypto market situation is that there is always a chance for people who missed out on the early stage of investment, to get their investment now.