Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on January 11, 2025, 04:11:28 AM
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
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In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
Sorry for your experience and I must say that is huge amount of money when converting to our Local currency (NGN) and if I happened to have that amount I won't be poor again because I will ensure to make judicious use of the money altogether..
To me had never fall into serious scam or lost huge significant amount of money, because I am always careful and minding the kind of cryptocurrencies I should hold, especially I gives more priority to bitcoin than any other coin out there. You know when you jump from projects to projects you exposed yourself of losing more quickly than any others because you wouldn't know the intention of those project owners.
+1 karma for you
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
- 300k$ is a big amount of money, if I convert it to our money here in our country, I will be considered a rich person here. I can buy a nice house with that and a car and a business. Maybe I can also buy a simple beach resort there.
Maybe you are just really into investment opportunities here in cryptocurrency. But it seems like you have also recovered somehow from other crypto assets that you bought and your holdings now for this bull run that you can still earn even more.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
Speaking about losing up money and the opportunity that i had missed out then i do say that i did missed out that holding that 60 BTC in overall earning from bounties,signature campaigns, testnets, ICO's,meme coins loss on which i could say that if i had been able to hold it up for long term then i might be that living on a good life now if i do able to hold up and being patient but well past is past and there's nothing we can do but to move on, but there are really indeed times or moments that you will be able to rethink those moments on which it does really give out that bad mood but well whats done is done and you do need to move forward for you to be able to find up things along the way and its important that you do made out those realizations.
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If time/effort could be easily converted to cash, I probably have six digits as well. A lot of them came from doing some crypto-related works and did not purchase them directly from my day job. Now, looking back at the potential profit I could have made if I held on longer, I once sold 4 ETH at around $400 to spend on gadgets. I thought it was already a huge money back then. I've converted more over the years but there's no point in tracing them back to compute.
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I think those are actually end up losing the most in crypto are actually either those that invest in meem coins and some other shit coins or people that trade very volatile coins. As for the case of bitcoin investments you hardly end up in losses even if you make use of the DCA strategy which is actually a slower approach to investing in bitcoin.
The crypto space is very vast and people lose everyday in fact I think it's safe to say that the rate of wins and losses in the crypto space cancels out each other.
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Potential gains are most of what I lost. I only worked for my coins but during the past bull run where I hold them still in the bear market, I lost my supposedly profit.
This is the risk when we listen to people who kept saying hodl. It's not good advice to follow when it's time to collect them. The market cycle will always cycle.
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Nice ideas topic for sharing about how much losses in cryptocurrency industry.
Firstly I begin trading in cryptocurrency all capital from bounties campaign and airdrop project reward, never spending any one cent yet from my pocket or my saving money because I don't have anything yet before knowing cryptocurrency. Although have much losses when my altcoin get decreasing price and got liquid at future trading but totally all my capital reward earn from bounty and airdrop project.
If totally maybe losses more than thousand hundred dollar from trading in spot and future then any coins holding from bounty reward have not values yet until right now after delisting at market.
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I'm sorry about that. It must be very frustrating
But I hope you've recovered all or even more of what you lost in the market
I've had the misfortune of being involved in some projects that didn't work out either, like FTX, Negocie Coins which was a local exchange, I've lost money investing in dubious coins...
At FTX I had some SOLs that could be worth good money today due to the appreciation, but it was valued at 17 dollars to pay off the debt to me, so I consider it a good amount of money lost as well
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Can someone help to calculate properly the amount I have lost in crypto industry. Personally I have purchased crypto for several hundreds euro only, but got thousands and thousands from participating in airdrops, bounties and etc. On one hand, I have lost zero, because crypto I have purchased for fiat I still hold. On the other hand I had one my wallet compromised and I have lost probably $500 worth crypto in 2019. Those stoles crypto today will have a much higher value. I can add that there are some altcoins I have bought and sold with a loss. Maybe I have lost around two thousands on unsuccessful purchased. Do that counts? Or this more correct is to name it as under-received profit?
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Tbh, i gained much more than lossing. Once i lost $1k for clumsiness before in one day but i eventually recover in the next day with plus interest ($1.2k) so the loss does not matter to me anymore.
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Potential gains are most of what I lost. I only worked for my coins but during the past bull run where I hold them still in the bear market, I lost my supposedly profit.
This is the risk when we listen to people who kept saying hodl. It's not good advice to follow when it's time to collect them. The market cycle will always cycle.
You can only be given an advice but it is you that will know if you listen to such advice or not because youbwill be held responsible for your own actions. The gain that you said you lost for hodli, did you sell those bitcoin of yours during the bear market due to panic or because you needed the funds. Because I believe that when talking about bitcoin hodli is the best for your bitcoin to multiply in value since bitcoin price increases overtime.
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I lost a lot from my ignorance and being an unbeliever. I have over 20 Bitcoin that I lost from selling too early. I should have been modest, but what can you expect from someone who, for the first time in his life, holds 100 times more of his income?
But to buy the necessities in life thinking this concept will be gone tomorrow, time proved me wrong.
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You know sometimes ignorance would not allow one to see the future and as such, make one make silly mistakes that would cost them a lot of things. I have lost coins that were worth thousands of dollars to hackers and several occasions which I never thought would happen, some were as a result of my ignorance at the initial start and some were a friend whom I trusted but he masterminded the process thinking I will have no clues about it in the future. I believe the amounts put together could go a long way to help sort out this for me.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
This is a very sad incident. It was a really big amount. With such an amount, a person in my country can pay for the whole family for the whole life. What is lost cannot be regained. But try and you can get something better.
More or less everyone who is into crypto has lost many things, some remember them and some try to forget them. I have also lost a lot in crypto and gained a lot from crypto. It is better not to worry about losing something where you can get something. And I don't want to mention my lost amount.
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I usually do not like engaging in this kind of discussion because it brings back memories that some people struggled to forget and outgrow, memories of regrets that can bring depression.
I like to focus more on what I have gained from the cryptocurrency industry than what I have lost. Knowing what I have gained is motivating me to commit more to this industry to benefit more.
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On my part I personally earn good amount of money from cryptocurrency but I also lost a lot especially from trading memecoins and with my live trading practice as I need to familiarize some exchanges with real money because demo isn't that good and is very different from live trading. I also lost time and effort from scam projects especially from signature campaigns and bounties, airdrops that is worthless and yeah I charge all those as experience and lessons.
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I have lost a lot in the cryptocurrency world in my entire career, but I have never lost as much as you, and I never imagined that I would lose 300k. However, the loss I have suffered is not small for me, considering my position, although some long-term investments are currently recovering.
Moreover, I think many people can learn a lot from reading this topic that you should never invest in trading with a large amount of funds. First, you need to have knowledge and adopt a proper plan, then the amount that you can afford to lose can be invested in trading or cryptocurrency.
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I have lost a lot in the cryptocurrency world in my entire career, but I have never lost as much as you, and I never imagined that I would lose 300k. However, the loss I have suffered is not small for me, considering my position, although some long-term investments are currently recovering.
I also experienced this, but fortunately for the money that really came from my own pocket, I have never lost that much money. I only used a few hundred dollars as trading capital when I first entered crypto. and that made me think it was better to stop first than to force it and make more losses.
but if from the crypto assets that I got from several jobs in crypto, and then I missed the moment to take profits and actually lost the money that I should have earned, because I was too greedy, it was already a lot. and at that time, I really regretted and was disappointed with my own behavior which was too greedy until in the end I lost everything. and that taught me many things for the next few opportunities
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I have lost a lot in the cryptocurrency world in my entire career, but I have never lost as much as you, and I never imagined that I would lose 300k. However, the loss I have suffered is not small for me, considering my position, although some long-term investments are currently recovering.
Moreover, I think many people can learn a lot from reading this topic that you should never invest in trading with a large amount of funds. First, you need to have knowledge and adopt a proper plan, then the amount that you can afford to lose can be invested in trading or cryptocurrency.
Actually, I am also lost in my asset from cryptocurrency industry. I think that crypto currency market will be very prefer for us, if we understand in cryptocurrency market. I also invest some asset in PBR, but I losses from it for trading system. So I think that trading is one of the best profitable source in cryptocurrency market. So if we want to get huge profit from cryptocurrency market, we must understand in cryptocurrency market and trading system. Because earn from cryptocurrency trading, we must need to acquire knowledge from trading.
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much of the money i have lost comes from missed opportunities rather than wrong decisions thankfully i have not invested in many projects that went nowhere unfortunately i also did not manage to invest in projects that ended up being successful even if i knew about it prior the listing
also applies to bitcoin where i miss a potentially good entry or exit in the market i tend to not compute or dwell on the money i could have because then it would just make me feel disappointed and there really is no point in dwelling in such emotions because what is done is done
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I can't think of my total losses right now because... I didn't invest my own money. I just used what I'm getting in signature campaigns to invest into other coins and assets. What I lost though is Potential Earnings.
Ever since 2018, I've been into Bitcoin-paid signature campaigns in the other forum and has been paid BTC ever since. Throughout the years, I've been using a portion of that to pay the expenses here in our house, and because of this, I asked myself "What if those BTC that I used to pay some expenses are the ones that I've held until now 2025?" We could've bought a house already plus car TBH. If I will make a rough estimate as well, I will also say that I lost nearly $100,000 in potential earnings as well.
Well, dwelling too much in the past will not resolve anything. I can control the future though so I'll be focusing on that one. :)
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
I mean I am in crypto since 2013, I could be having BTC in at least double digits had I taken right decisions, but I don't.
Honestly I feel that lamenting over 'potential earnings' is futile, you either take the opportunities/make the right decisions or you don't.
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I don't exactly remember how much did I lose in crypto. But it's a huge money for me since I came from a very poor family where eating 3x a day is hard because of financial problem. And then, I saw crypto and I became interested after reading some information about it. That time I badly needed a job so I'm looking any stuff in the forum to make money and I found out that we can really make money in crypto. At first, I only get small amount but months later I make big money. But because I didn't know what to do with that money, I decided to just keep it while thinking what to do with it. Sadly, the coin that I kept turned into scam. It's very hard for me at first, but I have to accept the fact the money has gone.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
very sad $300k just disappeared, I'm sure you need a process to be able to recover
I personally, if asked how much, I might say not that much, just how many XLM were lost, stolen by someone, I don't know if I entered the wrong link so that my wallet could be infiltrated by thieves
but I think that's not my part and I'm sure there will be other parts that are more than my loss at that time
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I don’t think potential earnings count just because you haven’t had the opportunity to convert them into USD. It’s better to see what you have lost if you have converted it. I know everyone here might have had their fair share of this kind of story, but there’s nothing you can do about it. You can look forward to the future now and find other income sources.
If we were talking about this more technically, I would say that yours is unrealized profit, and since you never took profit, you never lost it, in my opinion.
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I don’t think potential earnings count just because you haven’t had the opportunity to convert them into USD. It’s better to see what you have lost if you have converted it. I know everyone here might have had their fair share of this kind of story, but there’s nothing you can do about it. You can look forward to the future now and find other income sources.
If we were talking about this more technically, I would say that yours is unrealized profit, and since you never took profit, you never lost it, in my opinion.
I agree with this perspective: we shouldn't waste time comparing reality to the smartest investment scenarios. I no longer regret the big opportunities with DOGE because I sold them in 2018, or I try not to calculate their current value, otherwise I won't be able to sleep because of regret!
Most of my income comes from translation work in the crypto market, and luckily my recent investment strategies have generated profits based on my salary. I only know that I have made a profit and realized a few financial plans in life from that profit, so that's enough to keep me staying in this market.
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Actually, I am also lost in my asset from cryptocurrency industry. I think that crypto currency market will be very prefer for us, if we understand in cryptocurrency market. I also invest some asset in PBR, but I losses from it for trading system. So I think that trading is one of the best profitable source in cryptocurrency market. So if we want to get huge profit from cryptocurrency market, we must understand in cryptocurrency market and trading system. Because earn from cryptocurrency trading, we must need to acquire knowledge from trading.
It is of course true that one should never invest without proper knowledge of trading or proper analysis skills. At the same time, I think that when we make profits here, we should move those profits from that platform and put them in another wallet so that we don't trade them again out of emotion.
Moreover, I think it is best to separate the profits gained after each trading and deposit them in stable coins and later use them to build a physical asset, such as a business, which will provide a big support later.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
I must say that's a huge sum of money you've lost there. Really sorry about that. I believe you must have recovered these losses over time.
Truly in the crypto industry, the collision of huge opportunities and losses do occur frequently. Making a huge sum of money from crypto currency can be so promising, so is it to losing it. I will not say I have lost money in the crypto community, as I try all I can to be as careful as possible. When it comes to investment, the period I wanted to start making investment was when scam projects flooded the market. When I realized that, I held my investment capital and turned to trading, which was were I got stocked when the market faced bear run, and majority of my holdings could not survive the bear market and they died along the line, leaving me devastated which almost ruined my financial life both online and in reality. With time, I heald, but I learnt my lessons, coming to know the importance of stable coins. ;D
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I have been in crypto world since 2016 and in initial days of entering the market I lost some money when I invested in wrong shit coins that weren't worth it. I lost around $1000 to $2000 at most and that was still a lot for me back then.
But, after those losses I have gained a lot from crypto market and I'm now financially stable only thanks to crypto community and crypto market.
I'm a part time crypto trader now and at the same time, I earn some income from signature campaigns and that's more than enough for me.
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I have been in crypto for sometime now, but i have never lost any money to scammers or hacked or collapsed exchanges. I believe when i joined the industry, i took the advice and recommendations i got very seriously and i also learnt about how scammers operate and how to avoid them.
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I have been in crypto for sometime now, but i have never lost any money to scammers or hacked or collapsed exchanges. I believe when i joined the industry, i took the advice and recommendations i got very seriously and i also learnt about how scammers operate and how to avoid them.
I am also very grateful that I have never experienced something like this. I am very lucky to get a lot of knowledge and experience from other people, both in this forum and others. At least we can learn and take wisdom from all the events that occur and we know about it.
because indeed, fraud is prone to occur in cryptos pace, especially with such sweet promises. but as long as we often think logically that getting money will not be as easy as turning over our hands, then at least we should be more vigilant with some unreasonable and seemingly very easy ways to multiply money.
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You know sometimes ignorance would not allow one to see the future and as such, make one make silly mistakes that would cost them a lot of things. I have lost coins that were worth thousands of dollars to hackers and several occasions which I never thought would happen, some were as a result of my ignorance at the initial start and some were a friend whom I trusted but he masterminded the process thinking I will have no clues about it in the future. I believe the amounts put together could go a long way to help sort out this for me.
So sad to hear this, so pathetic to be hacked of a hard earn assets. so sorry for the mistake. It is important to stay alert on any unnecessary phishing links or SMS alerts, you never can tell what will happen, i always advice large crypto assets owners to be vigilant, mind those you deal with when it to comes investing/trading opportunity, many of them can not be trusted.
In addition, it is advisable to maintain a low key appearance, reduce much interaction with friends and family about cryptocurrency, and exposure to social networks on crypto disclosure.
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I have been in crypto for sometime now, but i have never lost any money to scammers or hacked or collapsed exchanges. I believe when i joined the industry, i took the advice and recommendations i got very seriously and i also learnt about how scammers operate and how to avoid them.
It's great that you took your time and got into the research. This way, you will be able to withstand so much more going forward.
I wish everybody did the same and remember - not everything that glitters is good for your depo.
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Potential gains are most of what I lost. I only worked for my coins but during the past bull run where I hold them still in the bear market, I lost my supposedly profit.
This is the risk when we listen to people who kept saying hodl. It's not good advice to follow when it's time to collect them. The market cycle will always cycle.
Mate, everyone on the crypto space, at one period or another try to earn bigger profit when we observed that the market is experiencing a bullish momentum. Traders, holders try to exhibit some level of greed on a bullish movements on many occasions.
it actually a sad situation when you are holding a coin at certain higher price levels, unfortunately losses the chances to take good profits because we wanted more profits. I think it is a common scenario, it happens to many of us often, and it may be some form of risks taken to earn more.
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Potential gains are most of what I lost. I only worked for my coins but during the past bull run where I hold them still in the bear market, I lost my supposedly profit.
This is the risk when we listen to people who kept saying hodl. It's not good advice to follow when it's time to collect them. The market cycle will always cycle.
Mate, everyone on the crypto space, at one period or another try to earn bigger profit when we observed that the market is experiencing a bullish momentum. Traders, holders try to exhibit some level of greed on a bullish movements on many occasions.
it actually a sad situation when you are holding a coin at certain higher price levels, unfortunately losses the chances to take good profits because we wanted more profits. I think it is a common scenario, it happens to many of us often, and it may be some form of risks taken to earn more.
It can be just someone's agenda or own desire - Bitcoin should be hodled all day long, everything else - it depends.
We need not to be greedy for such situations to not to happen.
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You know sometimes ignorance would not allow one to see the future and as such, make one make silly mistakes that would cost them a lot of things. I have lost coins that were worth thousands of dollars to hackers and several occasions which I never thought would happen, some were as a result of my ignorance at the initial start and some were a friend whom I trusted but he masterminded the process thinking I will have no clues about it in the future. I believe the amounts put together could go a long way to help sort out this for me.
So sad to hear this, so pathetic to be hacked of a hard earn assets. so sorry for the mistake. It is important to stay alert on any unnecessary phishing links or SMS alerts, you never can tell what will happen, i always advice large crypto assets owners to be vigilant, mind those you deal with when it to comes investing/trading opportunity, many of them can not be trusted.
In addition, it is advisable to maintain a low key appearance, reduce much interaction with friends and family about cryptocurrency, and exposure to social networks on crypto disclosure.
This was exactly what I did after I had the experience, I had to withdraw from doing some kinds of things I had done before that somehow attracted eyes to me, I stopped talking about crypto to my friends for some time and did not let any public activities about crypto make me loose guard anymore. I had to be on the low key so I do not attract eyes to myself for my own safety. Although the experience was a terrible one because it was everything I had then that was taken. I learned a big lesson I would never be in a hurry to forget and I would never want or wish anyone to have such an experience.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
Just as the way it has always been with other forms of investments, whereby we make losses in them as we also make profits alongside, this same experience occurs in crypto that we lose and also make profits with our investment, some mistake for loss were as a result of our negligence and inexperience while some were unavoidable because we might not have seen them coming, however, it is more important that we evaluate that rate of making profits to be higher than that of making losses in crypto.
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It's great that you took your time and got into the research. This way, you will be able to withstand so much more going forward.
I wish everybody did the same and remember - not everything that glitters is good for your depo.
Yeah, anything online is prone to hacking, so i really hope more people remember this and store their funds in cold storage, you can never be too careful when the device that stores your funds is connected to the internet. You should only use an online device to store funds for spending on the go.
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It's great that you took your time and got into the research. This way, you will be able to withstand so much more going forward.
I wish everybody did the same and remember - not everything that glitters is good for your depo.
Yeah, anything online is prone to hacking, so i really hope more people remember this and store their funds in cold storage, you can never be too careful when the device that stores your funds is connected to the internet. You should only use an online device to store funds for spending on the go.
Agreed. Nowadays especially - crypto - is - the place where people try to fish info, get under your skin, send fake transactions, etc. So it's really important to stay alert about such things.
Thank you, and have a good time!
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It's great that you took your time and got into the research. This way, you will be able to withstand so much more going forward.
I wish everybody did the same and remember - not everything that glitters is good for your depo.
Yeah, anything online is prone to hacking, so i really hope more people remember this and store their funds in cold storage, you can never be too careful when the device that stores your funds is connected to the internet. You should only use an online device to store funds for spending on the go.
Anything indeed connected to the internet or online is prone to hacking and I do not doubt that the safety of our assets solely depends on how we properly store our sensitive information. Lately, I have been noticing something about these sets of apps being downloaded, they always want to have access by putting it up to the users of the apps to grant permission and access to pictures, videos, contacts, etc which has made me wonder because I could remember it wasn't like this before if I am not mistaken. We just have to be extremely careful apps we grant permission to access our device for our safety.
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It can be just someone's agenda or own desire - Bitcoin should be hodled all day long, everything else - it depends.
When you bought them with real cash, you'll have to trade them at some point. Not everyone has deep pockets like Saylor that could just hodl and buy more.
If in case you bought them using your excess cash, you could hodl longer than the rest but emergencies could happen that you'll need to pull out your investments.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
OMG you really lost a lot of money feeling sad for you but I hope you must have made more than you lost in the crypto world as if it takes it gives too as you said. But the amount lost to the scammers and fradusters is one that hurts more because by taking things light we underestimate others and we fall into their hands and lose money.
BTW what was the story if you don't mind to share behind how you lost those 2 BTC 5 years ago. Including into bad projects and getting no result is bad and it must give us some idea of how project owner things as they also abandon the project mostly.
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In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
Many have the same mistake as you, and even I. I've got that mistake as well for selling Bitcoin too early and that's not just one or two but more than that. Still, I am just moving on and forgetting the past and as long as I was able to use that money for good at that time, they've been put into good use. I didn't sold them because I reinvested but I sold them due to the needs that I went through in the past.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
This is sad, hopefully you make more in the future because I'm not sure if here is really big opportunities in the future to make that kind of Bitcoin again. However, I don't know maybe not having much has always put me in tight corners and avoid this kind of big mistake. If I ever lost $300k amount of crypto, I'm not sure if I will be able to recover, it's too huge to get back to be honest.
I think we learn everyday and some people that lost money are lessons for others. I have learn to make sure that everything I do in crypto is always by me, I don't entertain third party unless when necessary which the least can only be centralized exchanges and that I'm always careful about.
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Talking about ow much money have loss in cryptocurrency make me remember how bad tragedy of FTX exchange and Luna coin crash, in my country Indonesia of my friend invested their money at USTC to earn higher staking reward. Can't believing most of them loss much fund after USTC crash and take more than 24 hours unlock from staking feature for selling it, maybe most of my friend can sell their USTC under $0.6 after unlocking of USTC not directly.
Another bigger fund loss for user saving assets in FTX exchange, so sad heard how many people loss much fund due FTX exchange bankrupt and bad tragedy for cryptocurrency.
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Well if you are going to count what is the most Btc I ever owned it was 17 btc.
About 12 dollars a coin or around 200 -205 usd.
That was in 2012. So if I simply held them I would have got up to 1.83 million when coins reached 108k.
So I lost 1.83 million usd.
If I go by fiat I am up maybe 200k since 2012.
Since usa government goes by fiat and I pay taxes that way. I say I made 200k over 12 years
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I have been in crypto for sometime now, but i have never lost any money to scammers or hacked or collapsed exchanges. I believe when i joined the industry, i took the advice and recommendations i got very seriously and i also learnt about how scammers operate and how to avoid them.
That good to hear. It’s pretty obvious that the main reason most people in the crypto space (especially the newbies) lose money is often due to ignorance, misinformation and greed. These are the reasons why a scammer would make someone an offer that’s just too good to be true, but due to ignorance and especially greed, they’ll be unable to detect that it’s an obvious scam and they’ll just fall for it. That’s why it’s always important to stay informed on basically everything about the crypto space and avoid greed as much as you can, because you’ll be able to avoid losing money as much as you can.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
In my case if I think I can't earn any money till now and I have stopped myself from investing till now. There is no reason to lose my money as I have not invested. But there are many people who invest in wrong projects without realizing it, chances of losing money are high. But I will not make any investment until I am well versed. There is no point in losing money by investing without knowing.
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I'm not sure though, but if I will have to go back to lets say 2017, wherein I didn't hold and just go and sell my Bitcoins every time I feel like, then I could have lost a lot already.
But that good thing is that here you will have your learning curve, so the next time you will have understand how it works. Still though you might be learning as you go along but at least you can minimized your risk.
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I'm not sure though, but if I will have to go back to lets say 2017, wherein I didn't hold and just go and sell my Bitcoins every time I feel like, then I could have lost a lot already.
But that good thing is that here you will have your learning curve, so the next time you will have understand how it works. Still though you might be learning as you go along but at least you can minimized your risk.
If we look at what happens in our lives we can see how great is the significance of decisions regarding investments when they are made in a balanced way. The decision not to always sale every time we feel tempted often has a positive cut in the future as majorized by the statement above. Each point that is discovered keeps what one learns as a very valuable added value on each step taken. Of course, as with all learning through experience, it enables one to predict future market trends more accurately and then to minimise possible losses in the future. Two factors of sustainability are most notably involved in sustainable investment and they include perseverance.
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I'm not sure though, but if I will have to go back to lets say 2017, wherein I didn't hold and just go and sell my Bitcoins every time I feel like, then I could have lost a lot already.
But that good thing is that here you will have your learning curve, so the next time you will have understand how it works. Still though you might be learning as you go along but at least you can minimized your risk.
Losing some funds is part of the process. Part of gaining the expertise in the space.
Nothing wrong with that. It's wrong not to learn from it.
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Losing some funds is part of the process. Part of gaining the expertise in the space.
Nothing wrong with that. It's wrong not to learn from it.
Surely, losing is part of the process and it’s only those who do not really understand how the process works that’ll think or see losing as a completely bad thing. What’s more important is for the individual to learn from those loses, know and detect exactly what made them experience those losses and be able to avoid them next time. If this purpose is defeated then, the losses were bad after all because there was no lesson that was learned from that experience.
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Losing some funds is part of the process. Part of gaining the expertise in the space.
Nothing wrong with that. It's wrong not to learn from it.
Surely, losing is part of the process and it’s only those who do not really understand how the process works that’ll think or see losing as a completely bad thing. What’s more important is for the individual to learn from those loses, know and detect exactly what made them experience those losses and be able to avoid them next time. If this purpose is defeated then, the losses were bad after all because there was no lesson that was learned from that experience.
Every effort and decision making process implies risks and therefore failure. That is where the difference lies, how you react to it and whether you use it as a means for development. One can derive the ability to understand what type of behaviour causes undesirable outcomes and then a way to change direction is offered. This makes the experience a stepping stone not a barrier to them getting other skills needed in life. Establishing feedback from failure decreases the probability of repeating the same again and allows better performance in the future. There is nothing in this world that does not come with some difficulties but as long as you have the right disposition you are sure to get something out of it.
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A lot has to do with belief in the products offered.
Myself I fully despise and do not believe in Eth or any pure pos coin.
Solana is linked to pow via helium hotspots mining so to me it is okay as a pos.
Eth is no longer linked to a pow blockchain so I believe its garbage.
So far it is well under its ath. So I am looking to be correct.
Btc has whaled since spring of 2021 so far my pow belief seems good.
Scrypt is still a great algo for asic mining. i simply trade my scrypt for btc.
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Every effort and decision making process implies risks and therefore failure. That is where the difference lies, how you react to it and whether you use it as a means for development. One can derive the ability to understand what type of behaviour causes undesirable outcomes and then a way to change direction is offered. This makes the experience a stepping stone not a barrier to them getting other skills needed in life. Establishing feedback from failure decreases the probability of repeating the same again and allows better performance in the future. There is nothing in this world that does not come with some difficulties but as long as you have the right disposition you are sure to get something out of it.
I totally agree with you. What may seem to be a stumbling block may actually turn out to be the stepping stone that we require to attain the height that we so desire, but just like you said, it indeed requires the right disposition, perspective and of course motivation for this to be acknowledged. A lot of people get the wrong motivation from similar experiences, so many people have quit their crypto journey due to the losses they incurred, they feel if they continued, they’d continue to lose, thereby feeling unmotivated to continue, and there are those who actually know that losses are inevitably an important aspect of the crypto journey in other for you to be fully fortified for the future challenges and tasks ahead. It’s just a matter of perspective and disposition.
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In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
If we are going to include the potential profit under the loss category then I would likely be in millions now because In 2014 I had an opportunity to buy around few thousand of Bitcoin but rather decided to invest in a business that turned into a complete loss but if I did then probably I will be living in my private yacht. ;D
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
In my case if I think I can't earn any money till now and I have stopped myself from investing till now. There is no reason to lose my money as I have not invested. But there are many people who invest in wrong projects without realizing it, chances of losing money are high. But I will not make any investment until I am well versed. There is no point in losing money by investing without knowing.
I think your decision is good there has no doubt. Because now market situation not clear to us. So we have to wait what will be market conditions. Our fund is very difficult to manage. So we have to more careful about coin selection.
If we loss our valuable fund then it will be very helpful to us.
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Losing some funds is part of the process. Part of gaining the expertise in the space.
Nothing wrong with that. It's wrong not to learn from it.
There is nothing wrong in learning from a painful experience of losing your funds, however, i don't agree that losing your funds is part of the process. So many people have lost their funds in their early crypto days and they left the network and never came back. If you lose funds, fine, learn from it; but if you can prevent yourself from experiencing it, even better.
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Losing some funds is part of the process. Part of gaining the expertise in the space.
Nothing wrong with that. It's wrong not to learn from it.
There is nothing wrong in learning from a painful experience of losing your funds, however, i don't agree that losing your funds is part of the process. So many people have lost their funds in their early crypto days and they left the network and never came back. If you lose funds, fine, learn from it; but if you can prevent yourself from experiencing it, even better.
At the beginning of investing in crypto, I also lost funds due to lack of knowledge and experience at that time until I joined my friend's investment and finally failed. However, we must learn from our past failures and fix them.
Even in trading I often lose, but my wins and profits are higher than my losses
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
This is sad, hopefully you make more in the future because I'm not sure if here is really big opportunities in the future to make that kind of Bitcoin again. However, I don't know maybe not having much has always put me in tight corners and avoid this kind of big mistake. If I ever lost $300k amount of crypto, I'm not sure if I will be able to recover, it's too huge to get back to be honest.
I think we learn everyday and some people that lost money are lessons for others. I have learn to make sure that everything I do in crypto is always by me, I don't entertain third party unless when necessary which the least can only be centralized exchanges and that I'm always careful about.
Sometimes it is sad reading people's stories, as I feel sorry for their experience. Maybe at that time, they made such mistakes, they did not have much experience of how the system works then, and possibly nobody to tell them things about the system, no good advice from anybody and they acted in a way they thought was best for them not knowing they were taking the wrong steps.
Maybe things of such nature happen for a reason as that is how I see it for other people to learn from but that does not mean the person would not see their mistake and they too would take correction and even get the ones bigger than what they had lost and know how to manage it properly when it comes their way again.
I have made mistakes too and have learned from my mistakes and also from others as well, this experience would help better to have eyes on seeing errors of that nature in the future and know how to handle them when the time comes or if there are any encounters of such nature. We just learn from every scenario and happening to be up-to-date in engagements and activities in life's journey.
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At the end of 2017, due to a hack, I lost a total of about 8-9 BTC worth of crypto assets. Part in BTC, the rest in various altcoins. Pretty stupid of me at the time, what's worse, in those days I was planning to convert at least 50% into fiat and diversify the rest of the assets in other ways.
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That must have been really tough for you. I'm so sorry you went through that. Losing a large amount of money can be devastating. However, I believe that everything happens for a reason. As the saying goes, "God doesn't take away without giving something better in return". I'm sure you've gained valuable experience from this incident, and it might have even led to something better.
As for me, I haven't had a similar experience, and I'm still new to the cryptocurrency world. I don't have a large amount to lose, but I'm learning and being cautious.
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At the beginning of investing in crypto, I also lost funds due to lack of knowledge and experience at that time until I joined my friend's investment and finally failed. However, we must learn from our past failures and fix them.
Even in trading I often lose, but my wins and profits are higher than my losses
That is my point, there is nothing wrong in losing and learning from the experience, but it is better to learn from the beginning, so you would not lose funds to scammers. Take note that i am not talking about losses in trading, because that is not avoidable, i am talking about losing funds to scammers.
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Before the last bull run, around 2020, many of those who were expected a lot from crypto did not get anything good because when the market was at its highest in 2021, there was more greed among investors. Even after the price of altcoins increased several times, many could not control their greed. At that time, I was also quite ambitious and could not enjoy the big profits despite getting close, which was a big lesson for me.
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That is my point, there is nothing wrong in losing and learning from the experience, but it is better to learn from the beginning, so you would not lose funds to scammers. Take note that i am not talking about losses in trading, because that is not avoidable, i am talking about losing funds to scammers.
yes, staying informed and updated is a great way to avoid being victimized by scammers but then again You need to realize that one may not always be ahead of scammers, what am I trying to say? I’m saying that, scammers are smart people that use their level of smartness to outsmart you, so for you to avoid falling into their traps means that you’re either as smart as they are or you’re smarter, and the only way to avoid being scammed is when you’re smarter than every other scammer out there and we all know that’s not possible, so regardless of how informed you are, there are still things that are beyond your knowledge and it’s possible for scammers to use these things to outsmart you and you could end up being scammed before you even realize it.
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At the beginning of investing in crypto, I also lost funds due to lack of knowledge and experience at that time until I joined my friend's investment and finally failed. However, we must learn from our past failures and fix them.
Even in trading I often lose, but my wins and profits are higher than my losses
That is my point, there is nothing wrong in losing and learning from the experience, but it is better to learn from the beginning, so you would not lose funds to scammers. Take note that i am not talking about losses in trading, because that is not avoidable, i am talking about losing funds to scammers.
Yes, experience is one of the key factors that we apply every time to help us grow from it but if only we can get it right from the start that this mistake is going to cost us big time because of fraudulent actions. As such, we have to be specially cautious and be sure that the actions being done are produced by information that is relevant and correct at the same time. This is not only about being prepared for the risks in the activities we engage ourselves in, but also defended against wrong doers. So, being careful and not hasty we can remain intact from those turnovers which could have been avoided at all and knowing that the money is limited we can act more careful at the same time we are using the resources.
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Let's say that between bad investments, various scams and projects that died on their own on the one hand and some successful ICOs on the other, I'm even, I didn't gain or lose, I just wasted time, I could have done something else
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That is my point, there is nothing wrong in losing and learning from the experience, but it is better to learn from the beginning, so you would not lose funds to scammers. Take note that i am not talking about losses in trading, because that is not avoidable, i am talking about losing funds to scammers.
yes, staying informed and updated is a great way to avoid being victimized by scammers but then again You need to realize that one may not always be ahead of scammers, what am I trying to say? I’m saying that, scammers are smart people that use their level of smartness to outsmart you, so for you to avoid falling into their traps means that you’re either as smart as they are or you’re smarter, and the only way to avoid being scammed is when you’re smarter than every other scammer out there and we all know that’s not possible, so regardless of how informed you are, there are still things that are beyond your knowledge and it’s possible for scammers to use these things to outsmart you and you could end up being scammed before you even realize it.
Staying informed with recent information is good as it will help you to be informed about latest information concerning crypto currency so it will help you in making decisions concerning crypto currency but one thing with scammers is that they are always one step ahead of others these scammers have a way of deceiving people with stories that are too good to believe with the intent of them making money so people will easily fall into their traps because of the kind of illusive money that they promise people but one thing about life is that you have to fail some times fo you to learn it the hard way as many people who are doing well in the crypto community has once fallen victim to scam
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Staying informed with recent information is good as it will help you to be informed about latest information concerning crypto currency so it will help you in making decisions concerning crypto currency but one thing with scammers is that they are always one step ahead of others these scammers have a way of deceiving people with stories that are too good to believe with the intent of them making money so people will easily fall into their traps because of the kind of illusive money that they promise people but one thing about life is that you have to fail some times fo you to learn it the hard way as many people who are doing well in the crypto community has once fallen victim to scam
That’s true! But then again, one way to identify a scammer’s story is that, it’s always too good to be true, and they’re often sweet talkers. So the major reasons why most people end up falling for their scams is that they’re either too greedy or too naive, and not really because the scammers are way too smart. If only one could take away greed and then learn to conduct extensive researches to confirm the authenticity of the offer before throwing their money, then maybe they’ll also be a step or two ahead of the scammers and then they’ll look rather stupid than smart.
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Staying informed with recent information is good as it will help you to be informed about latest information concerning crypto currency so it will help you in making decisions concerning crypto currency but one thing with scammers is that they are always one step ahead of others these scammers have a way of deceiving people with stories that are too good to believe with the intent of them making money so people will easily fall into their traps because of the kind of illusive money that they promise people but one thing about life is that you have to fail some times fo you to learn it the hard way as many people who are doing well in the crypto community has once fallen victim to scam
That’s true! But then again, one way to identify a scammer’s story is that, it’s always too good to be true, and they’re often sweet talkers. So the major reasons why most people end up falling for their scams is that they’re either too greedy or too naive, and not really because the scammers are way too smart. If only one could take away greed and then learn to conduct extensive researches to confirm the authenticity of the offer before throwing their money, then maybe they’ll also be a step or two ahead of the scammers and then they’ll look rather stupid than smart.
When your greed level is on the rooftop then you would definitely making yourself that dumb and naive even if the scheme is already that too obvious but still you do believe that it could make you money. The golden rule is that whenever you do see something which is too good to be true, then its definitely a scam. This is really just that a very basic principles in life or something that you do put up into your mind but there are still tons of people who do failed up on having this kind of thinking and this is where regret do really comes into the end.
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When your greed level is on the rooftop then you would definitely making yourself that dumb and naive even if the scheme is already that too obvious but still you do believe that it could make you money. The golden rule is that whenever you do see something which is too good to be true, then its definitely a scam. This is really just that a very basic principles in life or something that you do put up into your mind but there are still tons of people who do failed up on having this kind of thinking and this is where regret do really comes into the end.
Yeah! But then again, I’ve come to understand that most of the people who end up falling for these schemes are those who either do not know much or do not know anything at all about the crypto or investment environment. There are actually those who have the money and the seek to invest but do not actually have a clue on how to go about it, so if such a person happen to bump into such scammers, then they could be easily lured into investing their money into a non profitable venture that’ll make all their money disappear rather than giving them the profits they desire.
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Let's say that between bad investments, various scams and projects that died on their own on the one hand and some successful ICOs on the other, I'm even, I didn't gain or lose, I just wasted time, I could have done something else
You got it, the experience from such projects, and that is what matters most.
Now you can gain more value going forward, knowing fully well how projects similar to what you've seen may end up.
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At the end of 2017, due to a hack, I lost a total of about 8-9 BTC worth of crypto assets. Part in BTC, the rest in various altcoins. Pretty stupid of me at the time, what's worse, in those days I was planning to convert at least 50% into fiat and diversify the rest of the assets in other ways.
So sorry about your experience, that volume means a lot in dollar value currently and that would have gone a long way to set up more investments and also take good care of other needs. I have a friend who lost a good amount of BTC back then and it was reasonable enough to start up a business venture which he was planning to do but the unfortunate happened. I had a similar experience too back then and it was a very terrible experience because I was planning to invest in it but this was done to me by someone close which I knew but I had no evidence so I just let the matter fade away although it was not in btc then but a token via a website which could be used on the platform for purchase of items but it could be sold via p2p. Till this moment I have not been able to recover that account and the email linked to that account is not accessible to me so everything about the account and email all gone. It was a very frustrating one that moment as that was my hope that period but there was nothing I could do then as I had to start all over again.
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Staying informed with recent information is good as it will help you to be informed about latest information concerning crypto currency so it will help you in making decisions concerning crypto currency but one thing with scammers is that they are always one step ahead of others these scammers have a way of deceiving people with stories that are too good to believe with the intent of them making money so people will easily fall into their traps because of the kind of illusive money that they promise people but one thing about life is that you have to fail some times fo you to learn it the hard way as many people who are doing well in the crypto community has once fallen victim to scam
That’s true! But then again, one way to identify a scammer’s story is that, it’s always too good to be true, and they’re often sweet talkers. So the major reasons why most people end up falling for their scams is that they’re either too greedy or too naive, and not really because the scammers are way too smart. If only one could take away greed and then learn to conduct extensive researches to confirm the authenticity of the offer before throwing their money, then maybe they’ll also be a step or two ahead of the scammers and then they’ll look rather stupid than smart.
When your greed level is on the rooftop then you would definitely making yourself that dumb and naive even if the scheme is already that too obvious but still you do believe that it could make you money. The golden rule is that whenever you do see something which is too good to be true, then its definitely a scam. This is really just that a very basic principles in life or something that you do put up into your mind but there are still tons of people who do failed up on having this kind of thinking and this is where regret do really comes into the end.
many people are trapped in greed, making them lose the opportunity to gain profit.
when seeing the crypto market that has a positive trend, I also sometimes have emotions like that, and it really makes me not focus on the initial plan.
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At the end of 2017, due to a hack, I lost a total of about 8-9 BTC worth of crypto assets. Part in BTC, the rest in various altcoins. Pretty stupid of me at the time, what's worse, in those days I was planning to convert at least 50% into fiat and diversify the rest of the assets in other ways.
- 8-9btc is a lot of money mate, however I am sorry for your bad experience, and from what I see of you it seems like you handled the ordeal you went through correctly. But of course it wasn't easy during that time for sure.
But even though that happened, you have become more careful now and from what I see of you, what you have now or what you will have in the future is more than what you lost in the assets you hold now for the long-term.
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If selling BTC in the past is considered a mistake, then you will be haunted by regret when you actually exit BTC and sell all your BTC whether it is in a bullish or bearish period.... selling BTC does not need to be regretted, we can buy again and not repeat the previous mistakes that occurred... try to hold for the next 5 years... if you get a profit, I'm sure you will also regret it because you feel that the profit obtained is not optimal, it could be because there was a higher peak before...
That's how humans are, having a greedy nature and still regretting every missed opportunity... but this natural nature has also happened to me, and I consider it normal for anyone to happen..
How much money have I lost in crypto??? Well... the amount is not greater than what I got, but the loss really taught me to gain experience in this crypto world.. we can consider it a sacrifice.
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many people are trapped in greed, making them lose the opportunity to gain profit.
when seeing the crypto market that has a positive trend, I also sometimes have emotions like that, and it really makes me not focus on the initial plan.
The most important thing in investment is having a financial plan/goal, but that’s not all because there are so many things that can distract from your financial goals and plans, and greed happens to be one of the major things that causes a major distraction to investor and some even end up losing track of what their initial plans and goals really were.
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I came to this satisfied currency world in 2017. Since then I have invested a lot of money I have lost a lot of money and I have calculated that the amount of loss is more to me. Because I don’t know much time I have invested in many coins because I have lost a lot. But now I’ve started to get some investment slowly, keeping my head cool. I see some benefits now. So I’ll say those who have come to new investments must have gained a lot of knowledge or lose your money. First you need to monitor different monitoring and invest in investing by choosing coins market caps verification, you can benefit and hope to go ahead with the advice of experienced people, InshaAllah.
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many people are trapped in greed, making them lose the opportunity to gain profit.
when seeing the crypto market that has a positive trend, I also sometimes have emotions like that, and it really makes me not focus on the initial plan.
The most important thing in investment is having a financial plan/goal, but that’s not all because there are so many things that can distract from your financial goals and plans, and greed happens to be one of the major things that causes a major distraction to investor and some even end up losing track of what their initial plans and goals really were.
It is not easy to have focus in investing as there are several factors that would help to deviate the investor from the right path of investments. At the points of view when all is well, people make decisions other than what they planned earlier. Some things which may benefit somebody in the short term are the things that can cause such a person to lose the horizon that should be the guideline for years, for instance, power and wealth, among others. Generalising action plans at this level means that the different strategies that are adopted follow through the set goals as intended to ensure that the measures put in practise accord with the set measures. However, this should not be the reason to take an impulsive decision that is likely to last for a short time before they change their mind again. In that manner, each step will have the right direction apart from being interceded by such things that may slow down the actual process.
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However, this should not be the reason to take an impulsive decision that is likely to last for a short time before they change their mind again. In that manner, each step will have the right direction apart from being interceded by such things that may slow down the actual process.
Now that’s the actual problem there with having to change your initial plans which have actually been working for you, it makes you most time to take an impulsive decision that may likely lead you to losses. It’s not like it’s bad to reassess your plans and make some possible adjustments, but this should be when you eventually realize your plans are no longer as effective as intended, and then you may reassess and readjust them accordingly but still ensuring that the plans still suits perfectly with your financial goals. If your goals were for the long term then you should shift it to the short term.
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many people are trapped in greed, making them lose the opportunity to gain profit.
when seeing the crypto market that has a positive trend, I also sometimes have emotions like that, and it really makes me not focus on the initial plan.
The most important thing in investment is having a financial plan/goal, but that’s not all because there are so many things that can distract from your financial goals and plans, and greed happens to be one of the major things that causes a major distraction to investor and some even end up losing track of what their initial plans and goals really were.
When you have a plan, you shouldn't be greedy.
Complete the target and move on.
Because temptations don't lead anywhere good on the market that is volatile.
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many people are trapped in greed, making them lose the opportunity to gain profit.
when seeing the crypto market that has a positive trend, I also sometimes have emotions like that, and it really makes me not focus on the initial plan.
The most important thing in investment is having a financial plan/goal, but that’s not all because there are so many things that can distract from your financial goals and plans, and greed happens to be one of the major things that causes a major distraction to investor and some even end up losing track of what their initial plans and goals really were.
Disturbance is something that will come when we do something, and it can come in various ways. It can come from ourselves and it can come from other people.
But what happens most often is that it comes from ourselves, yes, usually greed is something that is very disturbing. Especially if we have been in this space for a long time, sometimes we feel great, even though in front of the market we are not that great.
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Disturbance is something that will come when we do something, and it can come in various ways. It can come from ourselves and it can come from other people.
But what happens most often is that it comes from ourselves, yes, usually greed is something that is very disturbing. Especially if we have been in this space for a long time, sometimes we feel great, even though in front of the market we are not that great.
Distractions are inevitable, especially when it comes to actualizing or working towards one’s future plans. And I’ve realized, that the greatest distractions usually comes from us, that’s why they say that the greatest challenges and demons a man can ever face is himself, and if a man actually learns to overcome the distractions that comes from himself, then he can actually overcome every other obstacle and distractions that comes from others.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
To be Honest till now I haven't make much investment on cryptocurrency from the outside income on the real life.
But I have invested a good amount on it from my income from in this industry and this is quite not much than my earn. And another truth is I have already kind of recover that I that Bitcoin bull season. I have lost my investment on alternative coin but Bitcoin is keeping me on recover every time.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
To be Honest till now I haven't make much investment on cryptocurrency from the outside income on the real life.
But I have invested a good amount on it from my income from in this industry and this is quite not much than my earn. And another truth is I have already kind of recover that I that Bitcoin bull season. I have lost my investment on alternative coin but Bitcoin is keeping me on recover every time.
Bitcoin is indeed the safest coin to hold for the long term, my assets recovered due to the increase in the price of bitcoin and could cover my losses because I chose a new altcoin and ended up losing. Bitcoin has saved my investment, that's why it is the main coin of choice that I must have
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Disturbance is something that will come when we do something, and it can come in various ways. It can come from ourselves and it can come from other people.
But what happens most often is that it comes from ourselves, yes, usually greed is something that is very disturbing. Especially if we have been in this space for a long time, sometimes we feel great, even though in front of the market we are not that great.
Distractions are inevitable, especially when it comes to actualizing or working towards one’s future plans. And I’ve realized, that the greatest distractions usually comes from us, that’s why they say that the greatest challenges and demons a man can ever face is himself, and if a man actually learns to overcome the distractions that comes from himself, then he can actually overcome every other obstacle and distractions that comes from others.
Yes, when someone can win against themselves, then it is possible that when there is interference from outside we can overcome it very well.
The biggest enemy in life is yourself, but some people do not realize it and only focus on other things. Maybe most of us were like that at first, but over time we slowly began to realize that the problem was ourselves.
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Bitcoin is indeed the safest coin to hold for the long term, my assets recovered due to the increase in the price of bitcoin and could cover my losses because I chose a new altcoin and ended up losing. Bitcoin has saved my investment, that's why it is the main coin of choice that I must have
Yes, I also think that, our mindset should change on bitcoin like now we were only thinking about it as investment source but if we think differently the sources we mostly take for save our assets like on our traditional fiat currency on bank and that only decrease our asset value by the inflation.
But in bitcoin we don't have anything like that but yes it have the volatility and that's why here we have to invest that much what is very flexible for us and also what we can afford to hold for the long-term.
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Bitcoin is indeed the safest coin to hold for the long term, my assets recovered due to the increase in the price of bitcoin and could cover my losses because I chose a new altcoin and ended up losing. Bitcoin has saved my investment, that's why it is the main coin of choice that I must have
Bitcoin is most safest investment assets than other coins because easily recovery back to higher price and not difficult make new ATH price. Difference when holding altcoin we need much patience waiting for how recovering back and reach higher price than before when bitcoin price not stable yet or still at downtrend moment.
Many time, when holding altcoin after bitcoin price decreasing almost altcoin following for going down but difference when bitcoin success raise to higher price we can't get it at altcoin will raise up to.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
To be Honest till now I haven't make much investment on cryptocurrency from the outside income on the real life.
But I have invested a good amount on it from my income from in this industry and this is quite not much than my earn. And another truth is I have already kind of recover that I that Bitcoin bull season. I have lost my investment on alternative coin but Bitcoin is keeping me on recover every time.
Bitcoin is indeed the safest coin to hold for the long term, my assets recovered due to the increase in the price of bitcoin and could cover my losses because I chose a new altcoin and ended up losing. Bitcoin has saved my investment, that's why it is the main coin of choice that I must have
Of course, if you only choose bitcoin and invest in a long time frame, if you don't loose gaurd your wallet security, you wouldn't run at loss. But when you feel that you want profits from different shitcoins, this when you have opened the door of losses for yourself. This is because you cannot know the right coin to buy that will give you profit in the long run. So it's better to stick to bitcoin alone.
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Bitcoin is indeed the safest coin to hold for the long term, my assets recovered due to the increase in the price of bitcoin and could cover my losses because I chose a new altcoin and ended up losing. Bitcoin has saved my investment, that's why it is the main coin of choice that I must have
Yes, I also think that, our mindset should change on bitcoin like now we were only thinking about it as investment source but if we think differently the sources we mostly take for save our assets like on our traditional fiat currency on bank and that only decrease our asset value by the inflation.
But in bitcoin we don't have anything like that but yes it have the volatility and that's why here we have to invest that much what is very flexible for us and also what we can afford to hold for the long-term.
Not an expert opinion, but I believe it's all about mindset! Those who are determined are expected to profit big in the long run. And those who panic sell will only make in coins...We have to understand the market. When bitcoin goes down all the other coins goes down. In this situation many will sell their alt to cover the losses or make the losses minimum. But we have to understand the money must be going somewhere. All these volumes doesn't disappears overnight. They will eventually end up in the market and that's how alt coins starts to pump, because the whales starts accumulating alts at that point, imo...
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Not an expert opinion, but I believe it's all about mindset! Those who are determined are expected to profit big in the long run. And those who panic sell will only make in coins...We have to understand the market. When bitcoin goes down all the other coins goes down. In this situation many will sell their alt to cover the losses or make the losses minimum. But we have to understand the money must be going somewhere. All these volumes doesn't disappears overnight. They will eventually end up in the market and that's how alt coins starts to pump, because the whales starts accumulating alts at that point, imo...
I will not deny your opinion.
But in this current time it is really quite hard to find out the altcoin which will going to give you a big profit in the long run. And IMO I think we shouldn't expect unrealistic amount even if we hold for long-term, that could be bitcoin and also the altcoin.
Becuase this is not a lottery ticket which will makes us like as the quick rich scheme by sitting on the chair. In the reality we always have to goes on the hardworkship to have success here we scenario is something like that.
And the thing you have said this is true that's how altcoin pump but not all the altcoin, and in the mean time when bitcoin market make dump some of them failed to struggling and even there will come altcoin season they will not be able to recover.
And in these days, in my around I haven't seen any people around me even you and me not having profited by the altcoin even though I recover by bitcoin.
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Yes, when someone can win against themselves, then it is possible that when there is interference from outside we can overcome it very well.
The biggest enemy in life is yourself, but some people do not realize it and only focus on other things. Maybe most of us were like that at first, but over time we slowly began to realize that the problem was ourselves.
Yeah, a lot of people still have not come to the realization of this fact, even up till now. Honestly I used to be one of those guys, I never realized how much of a problem I was to myself until few years back. I had this crazy habit of procrastination, and I never really knew how much of a problem this was for me, I’d always thought that my major distractions were from people around me, until I decided to live a more private life and still, that didn’t solve the problem. And then I figured out that the major problem I was facing was actually coming from my habit of procrastination, then I worked on myself and after fixing myself, I realized that external distractions and problems are quite less.
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Bitcoin is indeed the safest coin to hold for the long term, my assets recovered due to the increase in the price of bitcoin and could cover my losses because I chose a new altcoin and ended up losing. Bitcoin has saved my investment, that's why it is the main coin of choice that I must have
Yes, I also think that, our mindset should change on bitcoin like now we were only thinking about it as investment source but if we think differently the sources we mostly take for save our assets like on our traditional fiat currency on bank and that only decrease our asset value by the inflation.
But in bitcoin we don't have anything like that but yes it have the volatility and that's why here we have to invest that much what is very flexible for us and also what we can afford to hold for the long-term.
Not an expert opinion, but I believe it's all about mindset! Those who are determined are expected to profit big in the long run. And those who panic sell will only make in coins...We have to understand the market. When bitcoin goes down all the other coins goes down. In this situation many will sell their alt to cover the losses or make the losses minimum. But we have to understand the money must be going somewhere. All these volumes doesn't disappears overnight. They will eventually end up in the market and that's how alt coins starts to pump, because the whales starts accumulating alts at that point, imo...
Yes, I believed that, everything, not just in crypto, but all facets in our life, that first thing that needs to shift is our mind. If we see that we are going to profit and be successful then it will come.
It might not be immediate, but everything will come in the right time. So we will have to wait and patience is the key because it's a long process before we can be successful here.
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I have not lost anything much in crypto, i have never been scammed or fell victim to scam, i know a lot about scammers, so i know how to avoid them. I also do not take risks by buying too many coins that i am unsure of, i rather like to stick to BTC which i trust and i hold it for the long run, so i can say my crypto journey has been smooth so far.
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I have not lost anything much in crypto, i have never been scammed or fell victim to scam, i know a lot about scammers, so i know how to avoid them. I also do not take risks by buying too many coins that i am unsure of, i rather like to stick to BTC which i trust and i hold it for the long run, so i can say my crypto journey has been smooth so far.
Very interesting, when it comes with knowledge and experience, maybe it can be avoided, but at the beginning, more or less, of course there is and it is impossible to be zero at all because the crypto world is very volatile. Finally, this is the most correct solution after all investment trials have been carried out, that BTC will always be an aggressive investment with aggressive growth too.
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I have not lost anything much in crypto, i have never been scammed or fell victim to scam, i know a lot about scammers, so i know how to avoid them. I also do not take risks by buying too many coins that i am unsure of, i rather like to stick to BTC which i trust and i hold it for the long run, so i can say my crypto journey has been smooth so far.
Very interesting, when it comes with knowledge and experience, maybe it can be avoided, but at the beginning, more or less, of course there is and it is impossible to be zero at all because the crypto world is very volatile. Finally, this is the most correct solution after all investment trials have been carried out, that BTC will always be an aggressive investment with aggressive growth too.
At the beginning I also experienced losses due to lack of knowledge and experience. You are right that crypto is very volatile, because at that time I could not predict and make analysis because I was influenced by the hype news at that time so that I finally experienced losses. However, after investing in crypto for a long time, I finally gained knowledge and experience and was able to trade and invest. I also agree that bitcoin will provide benefits for us and is safer to hold.
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At the beginning I also experienced losses due to lack of knowledge and experience. You are right that crypto is very volatile, because at that time I could not predict and make analysis because I was influenced by the hype news at that time so that I finally experienced losses. However, after investing in crypto for a long time, I finally gained knowledge and experience and was able to trade and invest. I also agree that bitcoin will provide benefits for us and is safer to hold.
so now you can predict the market and guess the future price of Bitcoin?? Wow that's so cool, how easy it would be to make millions of dollars for you if you could do that, because you know the future and you have a very rare ability....
as far as I know, even a professional will continue to learn and learn even though he has been in trading for a long time... at first they also seemed to be someone who often lost, and now they can't guarantee continuous wins or even guarantee their predictions are 100% accurate... the market is really something that can't be predicted even for a professional... and to be able to make a profit, there is also a luck factor that comes along with the journey.
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so now you can predict the market and guess the future price of Bitcoin?? Wow that's so cool, how easy it would be to make millions of dollars for you if you could do that, because you know the future and you have a very rare ability....
as far as I know, even a professional will continue to learn and learn even though he has been in trading for a long time... at first they also seemed to be someone who often lost, and now they can't guarantee continuous wins or even guarantee their predictions are 100% accurate... the market is really something that can't be predicted even for a professional... and to be able to make a profit, there is also a luck factor that comes along with the journey.
Losses are inevitable even for experienced people, however, with knowledge and experience, you get better over time because you will learn from your mistakes and improve. It's not possible for someone to predict every single move of the market, but why do you think people are profitable in trading? It's because they have learned a lot of things, and they can now, at least, predict the market sometimes through analysis that they have learned over time.
If someone says that they are able to predict the market every single time, they will be lying to you, but I think the guy above didn't say that. He learned and is now better at it, and that's how things work in general in real life as well. When we start doing something without any experience, we might make more mistakes, but over time, the mistakes will start to become less and less.
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At the beginning I also experienced losses due to lack of knowledge and experience. You are right that crypto is very volatile, because at that time I could not predict and make analysis because I was influenced by the hype news at that time so that I finally experienced losses. However, after investing in crypto for a long time, I finally gained knowledge and experience and was able to trade and invest. I also agree that bitcoin will provide benefits for us and is safer to hold.
so now you can predict the market and guess the future price of Bitcoin?? Wow that's so cool, how easy it would be to make millions of dollars for you if you could do that, because you know the future and you have a very rare ability....
as far as I know, even a professional will continue to learn and learn even though he has been in trading for a long time... at first they also seemed to be someone who often lost, and now they can't guarantee continuous wins or even guarantee their predictions are 100% accurate... the market is really something that can't be predicted even for a professional... and to be able to make a profit, there is also a luck factor that comes along with the journey.
Yes, it is impossible or impossible for us to predict the market 100% accurately, and even if we can predict the price, we never know when it will happen, whether it is a week, a month, a year and so on. However, at least with knowledge we can know what we should do.
I agree with you, the luck factor is also one that we cannot separate. Maybe the difference is that we get luck because of our knowledge and skills.
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so now you can predict the market and guess the future price of Bitcoin?? Wow that's so cool, how easy it would be to make millions of dollars for you if you could do that, because you know the future and you have a very rare ability....
as far as I know, even a professional will continue to learn and learn even though he has been in trading for a long time... at first they also seemed to be someone who often lost, and now they can't guarantee continuous wins or even guarantee their predictions are 100% accurate... the market is really something that can't be predicted even for a professional... and to be able to make a profit, there is also a luck factor that comes along with the journey.
Losses are inevitable even for experienced people, however, with knowledge and experience, you get better over time because you will learn from your mistakes and improve. It's not possible for someone to predict every single move of the market, but why do you think people are profitable in trading? It's because they have learned a lot of things, and they can now, at least, predict the market sometimes through analysis that they have learned over time.
If someone says that they are able to predict the market every single time, they will be lying to you, but I think the guy above didn't say that. He learned and is now better at it, and that's how things work in general in real life as well. When we start doing something without any experience, we might make more mistakes, but over time, the mistakes will start to become less and less.
With knowledge and experience we can make analysis and predictions, although sometimes our predictions are wrong. but we can learn from those mistakes and seek profit with other strategies.
It is indeed difficult to make predictions, but with experience at least we can approach accuracy. and minimize losses.
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Yes, I believed that, everything, not just in crypto, but all facets in our life, that first thing that needs to shift is our mind. If we see that we are going to profit and be successful then it will come.
It might not be immediate, but everything will come in the right time. So we will have to wait and patience is the key because it's a long process before we can be successful here.
Actually success in life never come easily, in every success there were lots of history, there was thousands nights/days that people do struggle and then they get success.
And yes were some people become rich in short period but it is only possible on the lottery and the gambling where all depends on luck. Trading investing also need lots of knowledge for becoming successful otherwise we will be in debt just like a addicted gambler do.
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I think those are actually end up losing the most in crypto are actually either those that invest in meem coins and some other shit coins or people that trade very volatile coins. As for the case of bitcoin investments you hardly end up in losses even if you make use of the DCA strategy which is actually a slower approach to investing in bitcoin.
The crypto space is very vast and people lose everyday in fact I think it's safe to say that the rate of wins and losses in the crypto space cancels out each other.
Now the rate of wins and losses on the crypto space also depends on the trading options used by traders, eg future and margin options are exclusively different: it involves taking leverage at certain levels which may result to losses if not well manage.
The higher the leverage, the higher the chances of losses, and obviously these are the categories of traders that makes trading look like losses are equal to gains. In my opinion, there are more gains than losses.
In addition, the rate of losses or gains may not be equal for traders on the spot market options if the spot traders has good knowledge of TA/FA analysis of the market. Spot traders who are patience will always win, it may not amount to complete losses on the spot traders if market price breaks below their entry positions, but if they hold on to their positions until market rebound, they will certainly make huge profit.
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Now the rate of wins and losses on the crypto space also depends on the trading options used by traders, eg future and margin options are exclusively different: it involves taking leverage at certain levels which may result to losses if not well manage.
Without much of a debate I like to always rule it out as risk to reward ratio basically what traders try to do by improving their analysis is to increase their reward while reducing their risk as much as possible. Nevertheless basically in trading the more you risk the higher the profit that comes if it ends up as a valid trade.
Capital is one of the biggest setbacks and also determination of how profitable you would be because trading with very little capital can be very frustrating as risk management is also very difficult too.
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With knowledge and experience we can make analysis and predictions, although sometimes our predictions are wrong. but we can learn from those mistakes and seek profit with other strategies.
It is indeed difficult to make predictions, but with experience at least we can approach accuracy. and minimize losses.
If you want to do everything in crypto and you want to be safe, it's better you do your risk moderately, don't risk money that will choke you later, do it moderately so I that when you see unpredictable outcome, you can be able to handle it without any pain or anything that many result into any financial situations, sometimes you can't predict the crypto market.
Experience is everything but there are some experiences that you are going to see that will make you go back to trenches, like the experience will be so tough that you might not be able to bounce back, this is why we have to make sure we take calculated risk every time.
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I have not lost anything much in crypto, i have never been scammed or fell victim to scam, i know a lot about scammers, so i know how to avoid them. I also do not take risks by buying too many coins that i am unsure of, i rather like to stick to BTC which i trust and i hold it for the long run, so i can say my crypto journey has been smooth so far.
Good for you on which this is really that actually possible on which you will be able to avoid up things specially if you are really that reading others experiences because at the time that you will be dealing up with something then you will be that immediately trying out to deal up directly without trying out to read up others experiences. If you are really that eager on learning things then you can actually be able to avoid on what most newbies do able to encounter or experience. Mistakes and errors are really that normal and if you cant be able to learn with those then crypto investment isnt for you.
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Millions of dollars disappear in the blink of an eye, snatched away by scammers who prey on hope and ignorance. That's not just money, it's dreams shattered, futures stolen, and families devastated.
Crypto scams are getting bolder by the day, but there's also money lost on one stupid trade (it's me :) ). It sucks.
So studying, learning, and preparing for the better days ahead is the best thing I can do.
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Very interesting, when it comes with knowledge and experience, maybe it can be avoided, but at the beginning, more or less, of course there is and it is impossible to be zero at all because the crypto world is very volatile.
In the beginning of my crypto journey i was not greedy, i was introduced by someone who let me know that crypto is not a get rich quick scheme. So i put knowledge over greed or the desire to become rich in a split second, and maybe that is why i was not scammed in my early times.
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Very interesting, when it comes with knowledge and experience, maybe it can be avoided, but at the beginning, more or less, of course there is and it is impossible to be zero at all because the crypto world is very volatile.
In the beginning of my crypto journey i was not greedy, i was introduced by someone who let me know that crypto is not a get rich quick scheme. So i put knowledge over greed or the desire to become rich in a split second, and maybe that is why i was not scammed in my early times.
Why we often lose money in cryptocurrency is because of becoming too high in quest for profits and of course anyone who is that demanding wouldn't be that mindful or careful with their investments and could easily leads to scam.
For someone to remain vigilant in crypto they must reduced their quest for profits otherwise they would easily fall prey to predators who are there hunting for the prey to catch up.
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Sorry for your experience, but in crypto less and more everyone carries the loss but there are some people whose losses are low. I never had a serious scandal to me or did not lose a lot of money, as I always in the case of conservation of careful funds. Moreover, I always try to keep the wallet of my fund safe so that the scammer community does not attack me. Most of my long time holding is in the profit bag because I like to hold top altcoins like BTC, ETH. The amount of my loss is more in trading because I lost a lot of money from my early trading.
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Very interesting, when it comes with knowledge and experience, maybe it can be avoided, but at the beginning, more or less, of course there is and it is impossible to be zero at all because the crypto world is very volatile.
In the beginning of my crypto journey i was not greedy, i was introduced by someone who let me know that crypto is not a get rich quick scheme. So i put knowledge over greed or the desire to become rich in a split second, and maybe that is why i was not scammed in my early times.
Why we often lose money in cryptocurrency is because of becoming too high in quest for profits and of course anyone who is that demanding wouldn't be that mindful or careful with their investments and could easily leads to scam.
For someone to remain vigilant in crypto they must reduced their quest for profits otherwise they would easily fall prey to predators who are there hunting for the prey to catch up.
People who chase high profits are greedy people, because in investing we should not be greedy because it will make us lose. and you are right, we will be the target of fraudsters if we are not focused and careful in investing in the crypto world. There are many scammers in the crypto world, we must be careful.
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Why we often lose money in cryptocurrency is because of becoming too high in quest for profits and of course anyone who is that demanding wouldn't be that mindful or careful with their investments and could easily leads to scam.
For someone to remain vigilant in crypto they must reduced their quest for profits otherwise they would easily fall prey to predators who are there hunting for the prey to catch up.
Sure, we often expect too much, so we missed the chance for profits. That makes us losing money because we have no realistic targets. But if we don't expect too much, we can be safe. But for trading, it is seriously difficult to avoid losses because the price change is very difficult to predict. To avoid scam, we can choose the top coins/tokens only. Most scams come from new projects. We kindly don't invest in new coins/tokens.
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Sorry for your experience, but in crypto less and more everyone carries the loss but there are some people whose losses are low. I never had a serious scandal to me or did not lose a lot of money, as I always in the case of conservation of careful funds. Moreover, I always try to keep the wallet of my fund safe so that the scammer community does not attack me. Most of my long time holding is in the profit bag because I like to hold top altcoins like BTC, ETH. The amount of my loss is more in trading because I lost a lot of money from my early trading.
The way you do it is right by always guarding your wallet, because scammers and hackers will always be in the crypto world.
I have also experienced fraud by clicking on a link, where my wallet was taken over and my crypto assets were taken. but not in large amounts, because it was just a new wallet that I used to participate in the airdrop.
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Why we often lose money in cryptocurrency is because of becoming too high in quest for profits and of course anyone who is that demanding wouldn't be that mindful or careful with their investments and could easily leads to scam.
For someone to remain vigilant in crypto they must reduced their quest for profits otherwise they would easily fall prey to predators who are there hunting for the prey to catch up.
Sure, we often expect too much, so we missed the chance for profits. That makes us losing money because we have no realistic targets. But if we don't expect too much, we can be safe. But for trading, it is seriously difficult to avoid losses because the price change is very difficult to predict. To avoid scam, we can choose the top coins/tokens only. Most scams come from new projects. We kindly don't invest in new coins/tokens.
Expecting too much will make us greedy, especially in trading we must have realistic targets and in accordance with the analysis and targets that we have determined.
Avoiding fraud on new projects, we must be more careful because they have tricks that promise something unreasonable and tempting.
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Why we often lose money in cryptocurrency is because of becoming too high in quest for profits and of course anyone who is that demanding wouldn't be that mindful or careful with their investments and could easily leads to scam.
For someone to remain vigilant in crypto they must reduced their quest for profits otherwise they would easily fall prey to predators who are there hunting for the prey to catch up.
Sure, we often expect too much, so we missed the chance for profits. That makes us losing money because we have no realistic targets. But if we don't expect too much, we can be safe. But for trading, it is seriously difficult to avoid losses because the price change is very difficult to predict. To avoid scam, we can choose the top coins/tokens only. Most scams come from new projects. We kindly don't invest in new coins/tokens.
Expecting too much will make us greedy, especially in trading we must have realistic targets and in accordance with the analysis and targets that we have determined.
Avoiding fraud on new projects, we must be more careful because they have tricks that promise something unreasonable and tempting.
It is not very easy to maintain our progress in doing something particularly when we are faced with expectations as well as with reality. Frequently, one stands out as a result of our wrong decisions, often due to excessive desire. In this case, we should set realistic expectations to avoid being carried away by feeling that may be counterproductive. Moreover, one thing that should not be taken lightly is generally the concept of alertness whenever one is confronted with something new. Some parties make many attempts to allure people to partake what is being offered but in most cases this results leads to a disappointment. This shall ensure we avoid traps that may come up hence possessing a calm and careful attitude in assessing everything. It is certain that if an individual takes his time in making a decision, the end product will be much more effective than if he make a hasty decision without enough thought.
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Eight years in Cryptocurreny, I have lost and gained a lot of money in this cryptocurrency industry, if asked how much of course I forgot because I never added it up. But besides losing, I also often get income from here, and it is more than the amount of loss I have ever experienced.
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Honestly, I have never lost money in crypto because I have never earned money from crypto. A few weeks ago I got rewards from the RomboMix project and I immediately withdrew it to my local market to be withdrawn to my personal account.
Until now, I have never had any more money from crypto and I hope to be able to earn money from crypto again. Of course I have to be a little patient and continue to be active in this altcoinstalks forum.
I think those who lose money in crypto are those who trade and invest in projects that are just about to launch aka ICO. For trading and ICO, I definitely avoid projects like this. That's not my style.
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I think those who lose money in crypto are those who trade and invest in projects that are just about to launch aka ICO. For trading and ICO, I definitely avoid projects like this. That's not my style.
Now is not the ICO era anymore, now is the memecoin era, buying meme coins for candy and hoping to get a house or luxury goods from it... people who lose $1 or $10 will not be noisy, and uniquely many have become victims of the existence of memecoin, even reaching millions of people...
The amount of money I lost from cryptocurrency is no more than $3000 and the benefits or income that I have brought from cryptocurrency until now may have reached around $45k since I joined and started learning crypto from the newbie class.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
Cryptocurrencies have a lot of potential, but it is risky to completely trust centralized exchanges (CEX) because, up to now, there are still CEX exchanges that have experienced hacking cases. Of course, they have lost a lot of money because the exchange had problems, suddenly closed, and no longer functioned. Their support contacts do not work well, and scams dictate short withdrawal times. For now, you should be careful when investing in cryptocurrencies, especially in CEX exchanges.
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
You never know when the bad fortune would strike.
Keep on working and grinding, pal 8)
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
DMOR to avoid fraud?? What is DMOR? It's only been read once by my eyes, and I've searched it on Google but can't find any terms related to investment and fraud... can you explain it here? If it's something good for more people to know, like to prevent us from getting scammed, it's good to share it here.
We also need to be aware of the fraud methods that are always updated, because the fraudsters are not stupid, they always have new techniques to make the victims believe.... I hope no one loses his logic when he gets an offer of short investment and high profit without doing anything.
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I think those who lose money in crypto are those who trade and invest in projects that are just about to launch aka ICO. For trading and ICO, I definitely avoid projects like this. That's not my style.
Now is not the ICO era anymore, now is the memecoin era, buying meme coins for candy and hoping to get a house or luxury goods from it... people who lose $1 or $10 will not be noisy, and uniquely many have become victims of the existence of memecoin, even reaching millions of people...
Ah yes, that's right, I saw a lot of Meme coins circulating and their prices immediately crashed when they were listed on the CEX market.
The amount of money I lost from cryptocurrency is no more than $3000 and the benefits or income that I have brought from cryptocurrency until now may have reached around $45k since I joined and started learning crypto from the newbie class.
Your portfolio is very large, reaching 45,000 dollars, fortunately you can continue to survive in crypto until now. Maybe if I were like you, I would have known crypto for a long time, I would have continued to be present in this crypto until I collected a lot of money.
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$300k is really a big big big amount of money. It is really tough to look back on missed opportunities especially in crypto. It's like selling a stock right before it skyrockets or passing in a startup that later became huge. Many have lost money to scams, bad investments or simple not holding long enough. The key is to learn from it, research more, stay cautious and focus on long term growth. Crypto is still evolving and new opportunities will always come. Maybe at this time, you have already made your research on how crypto works and you still have the chance to bring back the amount of money you lose before.
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I have never experienced a loss of money in cryptocurrency because I have never invested or traded using Bitcoin or altcoins.
I only get a little reward from the campaign signature project and I withdraw it to Binance to be sent back to my personal account for daily living expenses.
I think those who feel they have lost money from trading Bitcoin or altcoins seem to not understand the market or they force themselves to enter the trade in the wrong position.
As far as I know, cryptocurrency trading can only be summarized in broad terms: Red-Buy, Green-Sell.
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I have never experienced a loss of money in cryptocurrency because I have never invested or traded using Bitcoin or altcoins.
I only get a little reward from the campaign signature project and I withdraw it to Binance to be sent back to my personal account for daily living expenses.
I think those who feel they have lost money from trading Bitcoin or altcoins seem to not understand the market or they force themselves to enter the trade in the wrong position.
As far as I know, cryptocurrency trading can only be summarized in broad terms: Red-Buy, Green-Sell.
Damn I like your style. But your opinion isn't entirely true. Even if you understand the market, you'll still hit SL trading it. As far as you trade, you'll loose. The key is to have more wins than losses
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I have never experienced a loss of money in cryptocurrency because I have never invested or traded using Bitcoin or altcoins.
I only get a little reward from the campaign signature project and I withdraw it to Binance to be sent back to my personal account for daily living expenses.
I think those who feel they have lost money from trading Bitcoin or altcoins seem to not understand the market or they force themselves to enter the trade in the wrong position.
As far as I know, cryptocurrency trading can only be summarized in broad terms: Red-Buy, Green-Sell.
It is correct when people say that nothing is certain about cryptocurrency investment because everyone reacts differently. We are all free to choose what plan would be suitable under our circumstances and exigencies. Some people prefer to trade based on planning and quantifying different activities, while other people prefer to accept the outcome of specific undertakings, without being directly involved in the actual purchase and selling business. No decision one makes right or wrong because the reason for the decision is vested on the individual. The most important thing is not to be blinded by the next step taken so as not to fall into the detrimental act.
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It's funny reading some people's post in forums and social media about how it's just paper losses until you actually sold them. It's as if hinting that their bought meme tokens are ever going to come back to life again. The reality or most likely scenario is that 9 out of ten of them aren't and the remaining one is about 50/50.
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I have never experienced a loss of money in cryptocurrency because I have never invested or traded using Bitcoin or altcoins.
.......
Damn I like your style. But your opinion isn't entirely true. Even if you understand the market, you'll still hit SL trading it. As far as you trade, you'll loose. The key is to have more wins than losses
That's your opinion if I trade and that's true. But pay attention to my first paragraph statement, "I have never traded at all using Bitcoin or altcoins, so I have never felt a loss".
I am new to cryptocurrency, so I don't have the capital to trade yet.
......
I think those who feel they have lost money from trading Bitcoin or altcoins seem to not understand the market or they force themselves to enter the trade in the wrong position.
As far as I know, cryptocurrency trading can only be summarized in broad terms: Red-Buy, Green-Sell.
....
Some people prefer to trade based on planning and quantifying different activities, while other people prefer to accept the outcome of specific undertakings, without being directly involved in the actual purchase and selling business.
.....
When I was first taught in cryptocurrency, I was warned from the beginning that cryptocurrency is unstable and could make a profit of 1,000% today, and a loss of 10,000% tomorrow. So I was taught that when I get money from cryptocurrency such as from events, art, signatures, airdrops or whatever, just sell it and take your Fiat and put it in your account.
My community friends on Telegram taught me that, if you keep investing your money in cryptocurrency, later when you make a wrong move, your money will be lost due to a scam or due to altcoins that are Dump and dying.
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
You never know when the bad fortune would strike.
Keep on working and grinding, pal 8)
Yes, i do agree with this and this is really that just more better if you would keep on grinding because there are people who are really just that easily do gives up at the time or moment that they do face up some challenges then they do really just that simply skip out and then never looks back. Bare up in mind that investing thing does have its risks on which its normal that you will really be able to experience errors. Somehow there would be limitations about on how much you can take the risks on losing money on which if you do find out that it is already that making up that huge impact then it is really just that right that you should stop and look for another career on which this will really be your main consideration.
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
You never know when the bad fortune would strike.
Keep on working and grinding, pal 8)
Yes, i do agree with this and this is really that just more better if you would keep on grinding because there are people who are really just that easily do gives up at the time or moment that they do face up some challenges then they do really just that simply skip out and then never looks back. Bare up in mind that investing thing does have its risks on which its normal that you will really be able to experience errors. Somehow there would be limitations about on how much you can take the risks on losing money on which if you do find out that it is already that making up that huge impact then it is really just that right that you should stop and look for another career on which this will really be your main consideration.
It is quite normal to experience some form of challenge in the process of investing, and this is mostly felt by many that they prefer to pack up and quit along the way. However, failure is not the negative what it seems, it can in fact help one to decide the next move. In any operation, risk does exist, and though such can fairly be said to be unavoidable, what cannot be said is that the risk cannot be managed with a better strategy. Is not manageable or is no longer viable and the risk that is incurred is just too high so it is reasonable that other options are explored. It is there important that any action taken is long-term oriented meaning that whenever one is weighing an option they should always keep the outcome into consideration.
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
You never know when the bad fortune would strike.
Keep on working and grinding, pal 8)
Yes, i do agree with this and this is really that just more better if you would keep on grinding because there are people who are really just that easily do gives up at the time or moment that they do face up some challenges then they do really just that simply skip out and then never looks back. Bare up in mind that investing thing does have its risks on which its normal that you will really be able to experience errors. Somehow there would be limitations about on how much you can take the risks on losing money on which if you do find out that it is already that making up that huge impact then it is really just that right that you should stop and look for another career on which this will really be your main consideration.
It is quite normal to experience some form of challenge in the process of investing, and this is mostly felt by many that they prefer to pack up and quit along the way. However, failure is not the negative what it seems, it can in fact help one to decide the next move. In any operation, risk does exist, and though such can fairly be said to be unavoidable, what cannot be said is that the risk cannot be managed with a better strategy. Is not manageable or is no longer viable and the risk that is incurred is just too high so it is reasonable that other options are explored. It is there important that any action taken is long-term oriented meaning that whenever one is weighing an option they should always keep the outcome into consideration.
Experience is the best teacher i should say on which this is something that you would really be putting up into your mind because if you would really be that making your mind closed then there's no way that you will really be having that progress on which we know that it is really that needed for you to have that pursuing on reaching up your dreams or would be able to achieve on what you have target into your mind. We wont really be able to achieve something if we will really be that limiting ourselves on what are the things that we must do. It is really just that people are really that on fear to take up further steps just because they cant be able to handle up the risks or cant be able to lose up money even more. Losing is part but once you do gain up experience then those risks will becomes lesser.
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
You never know when the bad fortune would strike.
Keep on working and grinding, pal 8)
true, misfortune no one can predict when it will happen, especially as we know playing crypto has many risks where losses can be instantaneous and difficult to track if we are hacked or anything that smells of fraud. even though we have tried to be careful but if we are unlucky we will definitely suffer losses
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
You never know when the bad fortune would strike.
Keep on working and grinding, pal 8)
true, misfortune no one can predict when it will happen, especially as we know playing crypto has many risks where losses can be instantaneous and difficult to track if we are hacked or anything that smells of fraud. even though we have tried to be careful but if we are unlucky we will definitely suffer losses
In this uncertain market, anything can happen, but the best thing to do is to be prepared for any situation. If such a situation ever arises, it is definitely unfortunate, but security should also be emphasized. There is no way to blame luck alone. Although I have not been the victim of such an attack, it would certainly be difficult to recover the damage if I were to suffer from such an attack. Even if I was not hacked, I have lost a lot of money in trading.
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
You never know when the bad fortune would strike.
Keep on working and grinding, pal 8)
true, misfortune no one can predict when it will happen, especially as we know playing crypto has many risks where losses can be instantaneous and difficult to track if we are hacked or anything that smells of fraud. even though we have tried to be careful but if we are unlucky we will definitely suffer losses
In this uncertain market, anything can happen, but the best thing to do is to be prepared for any situation. If such a situation ever arises, it is definitely unfortunate, but security should also be emphasized. There is no way to blame luck alone. Although I have not been the victim of such an attack, it would certainly be difficult to recover the damage if I were to suffer from such an attack. Even if I was not hacked, I have lost a lot of money in trading.
The market is unpredictable and when it offers such situations one has to be ready for the occasion by preparing itself fully. In security of the asset or trading strategies, each and every move should be carefully planned to do not get through the adverse circumstances. One thing cannot negate is risk, however, the best ways to minimise the risks and dampening of the negative effects that come with it should be implemented. The best decision possible should always be made since hasty decisions are most of the time disappointing in the end. Sometimes in our lives we may face loses hence, what is even more important is how we handle such incidences and ensure that in the subsequent steps that we take we are stronger than before in order to be able to deal with the next blow.
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$300k is not a joke, sorry to hear that. Thank God I've never been into crypto scams and frauds. I always DMOR to avoid those tricks. Lots of scammers are now in the crypto industry because they know that they can get a lot here. Your experience will be a lesson for me to continue what im doing, continue to seek and research before giving money to bad people.
You never know when the bad fortune would strike.
Keep on working and grinding, pal 8)
true, misfortune no one can predict when it will happen, especially as we know playing crypto has many risks where losses can be instantaneous and difficult to track if we are hacked or anything that smells of fraud. even though we have tried to be careful but if we are unlucky we will definitely suffer losses
how to prevent us from losing is to be careful, not carelessly clicking on suspicious websites or links. take good care of our wallet, because there are many scammers in the crypto world.
In investing in crypto we are always faced with risks, because the crypto market is difficult to predict and we also have to be careful with scammers.
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how to prevent us from losing is to be careful, not carelessly clicking on suspicious websites or links. take good care of our wallet, because there are many scammers in the crypto world.
In investing in crypto we are always faced with risks, because the crypto market is difficult to predict and we also have to be careful with scammers.
Indeed, being more vigilant and careful in the online world is very important, to prevent various cyber / online crimes. Because it is undeniable that cyber crimes are very varied and very easy to trap people who are even a little less careful.
The existence of phishing links, scams, and so on can make us lose our assets very quickly, even without us realizing it. And this often happens, but this method is still very effective in trapping its victims and taking their assets.
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Indeed, being more vigilant and careful in the online world is very important, to prevent various cyber / online crimes. Because it is undeniable that cyber crimes are very varied and very easy to trap people who are even a little less careful.
The existence of phishing links, scams, and so on can make us lose our assets very quickly, even without us realizing it. And this often happens, but this method is still very effective in trapping its victims and taking their assets.
Actually, many members have shared their experiences on the forum about phisihing, fraud and many other very dangerous things. We can get experiences from friends. And it's true, we have to be careful in doing things or transacting in crypto. Especially if there is an unreasonable offer, we should not follow it.
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Actually, many members have shared their experiences on the forum about phisihing, fraud and many other very dangerous things. We can get experiences from friends. And it's true, we have to be careful in doing things or transacting in crypto. Especially if there is an unreasonable offer, we should not follow it.
This is the problem, even though there are already a lot of sharing experiences from people about their bad experiences losing money because of some problems. But usually, when you haven't experienced it yourself, it won't have a big impact. And it still won't feel too bad or become a lesson if you haven't experienced it yourself. I personally, have lost several times, not because of links like that, it's just because of my own mistakes in analyzing the market and also in deciding something, and, be too greedy. And this, teaches me so much.
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Does trading also count? If it does, then I lost more than $2,000 without a doubt, and even though it's a shame, most of it was in a single trade that I did out of FOMO, and I still regret it to this day. I wasn't a complete newbie in trading at that time, but I would say that I wasn't very experienced, as well. So, one day, when I was looking at the market, I noticed a coin skyrocketing. I kept observing it, and it kept going up, and that made me curious.
I thought to myself that I would make a quick entry and a quick exit with a large amount and come out with some profit because it is constantly going up, only to become a victim of FOMO. As soon as I entered, the coin started dropping sharply, and it didn't even give me a chance to exit with a small loss. I kept holding for pretty long, but it was a dying cause, and at the end, had to sell at a loss of more than 70% or something. It was painful. :)
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Indeed, being more vigilant and careful in the online world is very important, to prevent various cyber / online crimes. Because it is undeniable that cyber crimes are very varied and very easy to trap people who are even a little less careful.
The existence of phishing links, scams, and so on can make us lose our assets very quickly, even without us realizing it. And this often happens, but this method is still very effective in trapping its victims and taking their assets.
Actually, many members have shared their experiences on the forum about phisihing, fraud and many other very dangerous things. We can get experiences from friends. And it's true, we have to be careful in doing things or transacting in crypto. Especially if there is an unreasonable offer, we should not follow it.
Sometimes the idea of a fraudster comes faster than that of a person with good intentions, where various methods are used to deceive, especially for tokens that are experiencing fomo or hype, they will be more active in deceiving
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how to prevent us from losing is to be careful, not carelessly clicking on suspicious websites or links. take good care of our wallet, because there are many scammers in the crypto world.
In investing in crypto we are always faced with risks, because the crypto market is difficult to predict and we also have to be careful with scammers.
It may seem funny to some people, but I believe if we were to stop using telegram, discord and similar platforms, the chances of getting our wallet drain by scammers goes down by 50%. I'm being serious here, the most suspicious links, phishing links, to good to be good offers I got were from these two platforms. And if you are not careful enough, there is a big change, you'll loss your things. Even there have been many cases where experienced users falls to shady tricks from these platforms. So IMO, it's better if we complete separate our activity when it comes to sites like these or completely stop using it, to prevent scams in the first place!
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The loss I think I have made in crypto is selling my Bitcoin accumulation at different low prices last two years. Last two years, I think I sold some parts of Bitcoin when it was below $50k. If I had hodl them not to sell them till this time, I think I would have seen too many profits that would have me smiling always each time I remember the amount of Bitcoin hodl in my portfolio
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Indeed, being more vigilant and careful in the online world is very important, to prevent various cyber / online crimes. Because it is undeniable that cyber crimes are very varied and very easy to trap people who are even a little less careful.
The existence of phishing links, scams, and so on can make us lose our assets very quickly, even without us realizing it. And this often happens, but this method is still very effective in trapping its victims and taking their assets.
Actually, many members have shared their experiences on the forum about phisihing, fraud and many other very dangerous things. We can get experiences from friends. And it's true, we have to be careful in doing things or transacting in crypto. Especially if there is an unreasonable offer, we should not follow it.
This is quite natural since everyone is able to learn from the experience of others, especially in the case of high risks connected with the field of cryptocurrencies. Indeed, each post that is placed on the forum would without doubt have something that could help us to be more alert. The storeys that the various nurses shared makes one realise that caution should be exercised in all the activities, more so, where the offer is too good to be true. Providing that all has a basis and is amply documented will equally assist in reducing cases of loss. This means that one should avoid being rude and should not be hasty in making a decision while in this environment.
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The loss I think I have made in crypto is selling my Bitcoin accumulation at different low prices last two years. Last two years, I think I sold some parts of Bitcoin when it was below $50k. If I had hodl them not to sell them till this time, I think I would have seen too many profits that would have me smiling always each time I remember the amount of Bitcoin hodl in my portfolio
You still hold your Bitcoin from the bearish season? Even if you sold some Bitcoins below $50k, it means you still have some Bitcoins in your wallets. I think it was not a loss as long as you still could get the profits. You must buy the Bitcoin with a cheaper price, right? You only get a loss if you sell below the price when you purchased the Bitcoin. Sure, everyone wants to sell at higher price, but sometimes we have no choice that we must sell some of our Bitcoin for urgent needs.
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You still hold your Bitcoin from the bearish season? Even if you sold some Bitcoins below $50k, it means you still have some Bitcoins in your wallets. I think it was not a loss as long as you still could get the profits. You must buy the Bitcoin with a cheaper price, right? You only get a loss if you sell below the price when you purchased the Bitcoin. Sure, everyone wants to sell at higher price, but sometimes we have no choice that we must sell some of our Bitcoin for urgent needs.
He's probably talking about paper losses, assuming he held all that BTC until now or sold above 100K dollars. If he DCA'd during the two-year crypto winter, he'd still be sitting on some profits selling BTC at 50K dollars.
By that logic, I've lost millions of dollars by not buying BTC in 2010 and selling in 2013, then buying in 2015 and selling in 2017, then buying in 2018 and selling in 2021, and finally buying in 2022 to sell in 2025 when the BTC price is over 100K dollars. I don't dwell on that anymore—can't change the past, just gotta focus on the present and avoid getting rekt this cycle.
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You still hold your Bitcoin from the bearish season? Even if you sold some Bitcoins below $50k, it means you still have some Bitcoins in your wallets. I think it was not a loss as long as you still could get the profits. You must buy the Bitcoin with a cheaper price, right? You only get a loss if you sell below the price when you purchased the Bitcoin. Sure, everyone wants to sell at higher price, but sometimes we have no choice that we must sell some of our Bitcoin for urgent needs.
No doubt, every one have motivate for holding bitcoin as longer time and sell when breaking out most higher price, but urgent needed make us some time have to sell cryptocurrency between bitcoin or altcoin at lower price and most of us must cut loss for emergency fund needed. I remember well when investing at Doge coins during have lower price and must cut loss with loss around 20% of my capital but have urgent needed make its difficult without cut loss my cryptocurrency assets.
For every one firstly you must have saving fund if want investing in bitcoin or altcoin, when price still down and you have urgent needed not have to cut loss all your cryptocurrency assets or sell it at lower price.
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You still hold your Bitcoin from the bearish season? Even if you sold some Bitcoins below $50k, it means you still have some Bitcoins in your wallets. I think it was not a loss as long as you still could get the profits. You must buy the Bitcoin with a cheaper price, right? You only get a loss if you sell below the price when you purchased the Bitcoin. Sure, everyone wants to sell at higher price, but sometimes we have no choice that we must sell some of our Bitcoin for urgent needs.
No doubt, every one have motivate for holding bitcoin as longer time and sell when breaking out most higher price, but urgent needed make us some time have to sell cryptocurrency between bitcoin or altcoin at lower price and most of us must cut loss for emergency fund needed. I remember well when investing at Doge coins during have lower price and must cut loss with loss around 20% of my capital but have urgent needed make its difficult without cut loss my cryptocurrency assets.
For every one firstly you must have saving fund if want investing in bitcoin or altcoin, when price still down and you have urgent needed not have to cut loss all your cryptocurrency assets or sell it at lower price.
If you want to hold for the long term, you must have free funds or reserve funds for emergency needs. because sudden needs sometimes make us have to sell our coins and if the market is down we will experience losses if we have to sell them.
free funds are needed for long-term holding.
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By that logic, I've lost millions of dollars by not buying BTC in 2010 and selling in 2013, then buying in 2015 and selling in 2017, then buying in 2018 and selling in 2021, and finally buying in 2022 to sell in 2025 when the BTC price is over 100K dollars. I don't dwell on that anymore—can't change the past, just gotta focus on the present and avoid getting rekt this cycle.
Dwelling in the past will not make you feel better, so the best thing to do is to just move on, move forward, and adjust based on the mistakes that you've made.
I also made a mistake in the past where I didn't sold my tokens way back 2021 when the market is at it's peak. I lost the supposed profits that I can realize if I just sold it back then, but I was too dumb and didn't do it. Well, I already moved on from it, and now that we are in a bull run season (somehow), I will not do the same mistake again. As for what you've done, imagine buying Bitcoin at 2010 and holding it until now. I mean you can buy a building using your Bitcoin already (like literally, but depends on how much you bought at that time).
Still, kind of frustrating that you must be rich by now, but because of some wrong decisions, it will not happen. I guess it's destined, eh? :D
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If you want to hold for the long term, you must have free funds or reserve funds for emergency needs. because sudden needs sometimes make us have to sell our coins and if the market is down we will experience losses if we have to sell them.
free funds are needed for long-term holding.
That's why not everyone can hold for long term. Everyone wants to take the opportunity of high profit of crypto, due to which everyone jumps for investment but they don't think about their upcoming days how they will meet their need of money in emergency moment where they invest their money in crypto. Then they monitor the market frequently and panic when prices drop. And on the other hand they sell them at a loss for their emergency needs. So investing in crypto is the amount of money you won't need easily. In that case you will be able to hold them for a long period of time and only long term holding can get good out of crypto.
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If you want to hold for the long term, you must have free funds or reserve funds for emergency needs. because sudden needs sometimes make us have to sell our coins and if the market is down we will experience losses if we have to sell them.
free funds are needed for long-term holding.
That's why not everyone can hold for long term. Everyone wants to take the opportunity of high profit of crypto, due to which everyone jumps for investment but they don't think about their upcoming days how they will meet their need of money in emergency moment where they invest their money in crypto. Then they monitor the market frequently and panic when prices drop. And on the other hand they sell them at a loss for their emergency needs. So investing in crypto is the amount of money you won't need easily. In that case you will be able to hold them for a long period of time and only long term holding can get good out of crypto.
you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.
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you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.
If you are crypto person, unrealize loss is not something we have to worry about, that's why it's always advisable to used the funds you will not used soon, with that in mind you wouldn't be compel to sell your coin at loss when the price is down, it's always better to use funds that you are not going to use any time soon.
It's even advisable that you should buy more coins when you are in a loss, it will help you average your price especially when you buy more of the coins when the price is low, you will can quickly exit incase you have a change of plan later in the future when the coin goes up again.
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you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.
If you are crypto person, unrealize loss is not something we have to worry about, that's why it's always advisable to used the funds you will not used soon, with that in mind you wouldn't be compel to sell your coin at loss when the price is down, it's always better to use funds that you are not going to use any time soon.
It's even advisable that you should buy more coins when you are in a loss, it will help you average your price especially when you buy more of the coins when the price is low, you will can quickly exit incase you have a change of plan later in the future when the coin goes up again.
You are correct about unrealized loss pertaining to an investment as it is not an issue as long as they do not spend or utilise the funds that are invested in the short term, in this instance they are waiting for the price to rise. Panic in front of the falling prices is dangerous as in the crypto market which is often characterised by major fluctuations is only going to make one act in a manner that will not be greatly profitable. When the funds do not have an impact on the major funds, then there is no pressure of dumping the assets in the market at depressing prices. Indeed, when the price high is low, increasing the quantity could be a reasonable approach to optimising the price per share and potential profit. The conditions in the market do not remain static and at times the immediate returns may not be so promising but long term vision always brings in more returns for those those stick on to their core fundamentals and keep on looking for the opportunities despite the market operations.
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you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.
If you are crypto person, unrealize loss is not something we have to worry about, that's why it's always advisable to used the funds you will not used soon, with that in mind you wouldn't be compel to sell your coin at loss when the price is down, it's always better to use funds that you are not going to use any time soon.
It's even advisable that you should buy more coins when you are in a loss, it will help you average your price especially when you buy more of the coins when the price is low, you will can quickly exit incase you have a change of plan later in the future when the coin goes up again.
It is important that you invest in crypto in an amount that you can hold for a long time. Because it is not always possible to get something good from crypto quickly. If someone is in a loss and can invest more, then DCA will be there. And DCA always reduces investment risk. If you can invest at both high and low rates, it will result in a normal price that can be recovered very quickly.
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It is important that you invest in crypto in an amount that you can hold for a long time. Because it is not always possible to get something good from crypto quickly. If someone is in a loss and can invest more, then DCA will be there. And DCA always reduces investment risk. If you can invest at both high and low rates, it will result in a normal price that can be recovered very quickly.
You can actually get some profit real quick but the way you can get them real quick is the same way you can loss them real quick. Some altcoins are very volatile in the sense that you can make 30% a day but come back the next day to come view the chart again where they are trading, they will be down another 15% because of sell pressure and may even go down more.
If you have plan on buying and holding altcoins, just make sure you are doing it in a way that you will not be pressure to need that money later else you will be tempted to sell at loss especially now that it's very hard for altcoins to grow like before.
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It is important that you invest in crypto in an amount that you can hold for a long time. Because it is not always possible to get something good from crypto quickly. If someone is in a loss and can invest more, then DCA will be there. And DCA always reduces investment risk. If you can invest at both high and low rates, it will result in a normal price that can be recovered very quickly.
You can actually get some profit real quick but the way you can get them real quick is the same way you can loss them real quick. Some altcoins are very volatile in the sense that you can make 30% a day but come back the next day to come view the chart again where they are trading, they will be down another 15% because of sell pressure and may even go down more.
If you have plan on buying and holding altcoins, just make sure you are doing it in a way that you will not be pressure to need that money later else you will be tempted to sell at loss especially now that it's very hard for altcoins to grow like before.
It must be considered the unrealized gains which isn't really a loss unless you have sold already while the price is below the buy order price. I have same experience that I bought an altcoin and went really high in the bull run, I didn't sell and then i never thought that bear market will pull down the price down to less than 20 cents.
Quite as a people have expected, the price took a sharp dive in the deepest well from $48 to $0.20. I didn't really lost any money since I earned most of the coins I have and turned it as my capital investment.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
Actually everybody have their stories to tell based on the experience they have gotten from the crypto space and if not from the crypto space maybe from the hands of some scammers or some crypto ponzi scheme project. However, from the beginning I have been scammed but I didn't relent because I was willing to be knowledgeable about crypto currency and how to invest on it. I first heard about Bitcoin from a friend, but to my greatest surprise the person is not investing on Bitcoin. Although I have lost little to the hands of scammers but that didn't stop me from learning or investing in Bitcoin.
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- Maybe if the futures activity I did was more than 200$, I would have lost more than that since the time I made an actual trade here in the crypto space. And that increases with every futures trade I make when I get liquidated. But of course, as long as we can avoid liquidation, we will do it.
But we can't avoid that as traders. But what's important is that we just save as much as we can through dca in potential crypto assets in the future.
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The best way to gain in this industry is the investment while the best way to lose is the gambling and trading sector. And the risky among all is the gambling sector and gamblers have lost enough for that sector. And another group of people also lost funds in the cryptocurrency ecosystem are the short term investors. But the long term investors always recover their lost after a long period of time.
For traders and gamblers they lost fund either daily bases. But the specific amount can't be known again because they have loss good amount of money.
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you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.
If you are crypto person, unrealize loss is not something we have to worry about, that's why it's always advisable to used the funds you will not used soon, with that in mind you wouldn't be compel to sell your coin at loss when the price is down, it's always better to use funds that you are not going to use any time soon.
It's even advisable that you should buy more coins when you are in a loss, it will help you average your price especially when you buy more of the coins when the price is low, you will can quickly exit incase you have a change of plan later in the future when the coin goes up again.
It is important that you invest in crypto in an amount that you can hold for a long time. Because it is not always possible to get something good from crypto quickly. If someone is in a loss and can invest more, then DCA will be there. And DCA always reduces investment risk. If you can invest at both high and low rates, it will result in a normal price that can be recovered very quickly.
Most of time, people get into crypto not really understanding the full basis of what's actually involved in it and also some of them id due to other people testimony on how maybe they got some kind of quick returns which is actually the worse of everything because that's the same mentality that get people into trouble because they don't understand what's involved and invest huge money on maybe the particular coin and when they realize everything's not the way it is, it's obviously too late.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
Well, $300K is a huge amount, but luckily it's just an estimate, not the actual capital you brought into this market. Speaking of that amount, I've also lost quite a bit, having missed many opportunities to take profits at the peak, only to end up cutting losses @@
I used to have about 1.5 ETH in 2017, when they were only worth about $1.5K, but sadly, my account was hacked by a professional scammer, a once-famous KOL in the crypto community. If I had kept those ETH, they'd be worth $3K now, and could have helped me buy a lot of electronic equipment for my work.
I also had quite a few CMT from the CyberMiles airdrop, but unfortunately, that project failed. If I had sold those tokens in time, I might have had a few hundred $ more to DCA BTC during the 2018-2019 crypto winter. At least, even if I couldn't get rich, I wouldn't have lost money compared to the capital I invested in this market since 2017.
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But the long term investors always recover their lost after a long period of time.
It depends on the coin that the long term investor is holding, if it is altcoins, then i am not sure holding it for the long term is a good idea, we all know most of them are pump and dump coins. However, if it is BTC, then it is great to hold BTC for a long time.
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In the crypto industry we have loss some amount of money ( is inevitable) and we have also made good amount of money from this space the losses is all the process to the point you will start gaining .
The only thing I will keep telling people is that no matter how things is going either you are making some losses just going especially what you are doing is something you learn from , and same time it will benefit more in the nearest future
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But the long term investors always recover their lost after a long period of time.
It depends on the coin that the long term investor is holding, if it is altcoins, then i am not sure holding it for the long term is a good idea, we all know most of them are pump and dump coins. However, if it is BTC, then it is great to hold BTC for a long time.
I also see only bitcoin as suitable for long-term investment, this is what makes me always keep bitcoin in my wallet, selling some for the bullish season but I still keep it for long-term targets, because I think bitcoin is a very valuable crypto asset for the future.
I also keep some altcoins but only to be sold during the bullish season.
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In the crypto industry we have loss some amount of money ( is inevitable) and we have also made good amount of money from this space the losses is all the process to the point you will start gaining .
The only thing I will keep telling people is that no matter how things is going either you are making some losses just going especially what you are doing is something you learn from , and same time it will benefit more in the nearest future
It's not shameful to make mistakes.
It's shameful not to learn from them in the long run. I definitely agree with your take on it.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
I have not really lost anything because I don't like shady stuff or project so I remain focused on Bitcoin acumulation though I won't say I have gotten much Bitcoin but am still in the process which I know I will get there soon, what helped me as a bitcoiner is safe control, though one will say there good projects that can pump and make one reach in just a night but my question is have we also consider the risk involved, what if you lose all the money, what will be your gain, just as I know that some project has made some people rich, I also know that the same project has render people useless financially, so I chose Bitcoin, no doubt Bitcoin profit depends on the amount you've been able to accumulate overtime and hodl for a long-term but it is better for me because of its trusted system.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
I have not really lost anything because I don't like shady stuff or project so I remain focused on Bitcoin acumulation though I won't say I have gotten much Bitcoin but am still in the process which I know I will get there soon, what helped me as a bitcoiner is safe control, though one will say there good projects that can pump and make one reach in just a night but my question is have we also consider the risk involved, what if you lose all the money, what will be your gain, just as I know that some project has made some people rich, I also know that the same project has render people useless financially, so I chose Bitcoin, no doubt Bitcoin profit depends on the amount you've been able to accumulate overtime and hodl for a long-term but it is better for me because of its trusted system.
We can simply count on our fingers how many people may come on top from such projects.
Whereas with BTC - if hodled appropriately - everybody wins 8)
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I have not really lost anything because I don't like shady stuff or project so I remain focused on Bitcoin acumulation though I won't say I have gotten much Bitcoin but am still in the process which I know I will get there soon, what helped me as a bitcoiner is safe control, though one will say there good projects that can pump and make one reach in just a night but my question is have we also consider the risk involved, what if you lose all the money, what will be your gain, just as I know that some project has made some people rich, I also know that the same project has render people useless financially, so I chose Bitcoin, no doubt Bitcoin profit depends on the amount you've been able to accumulate overtime and hodl for a long-term but it is better for me because of its trusted system.
It is true that the decisions we make are most of the time reflecting the beliefs and experience we possess both in terms of finance. It is also true that Bitcoin has its own beauty to many people because it has a transparent and decentralised system. Of course, there are always many investment opportunities available to people, but they all cannot be as secure. Some aim at making quick bucks at the expense of putting into consideration the stability of their companies. It is quite reasonable choosing a more measured path and, therefore, guaranteeing full control over all the owned assets. Of course, everything done is always at the risk of something and being in control of your own properties is most comfortable. Bitcoin is not just an avenue that seeks to make a profit but also how the value of these asset will be preserved in the future.
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I have not really lost anything because I don't like shady stuff or project so I remain focused on Bitcoin acumulation though I won't say I have gotten much Bitcoin but am still in the process which I know I will get there soon, what helped me as a bitcoiner is safe control, though one will say there good projects that can pump and make one reach in just a night but my question is have we also consider the risk involved, what if you lose all the money, what will be your gain, just as I know that some project has made some people rich, I also know that the same project has render people useless financially, so I chose Bitcoin, no doubt Bitcoin profit depends on the amount you've been able to accumulate overtime and hodl for a long-term but it is better for me because of its trusted system.
It is true that the decisions we make are most of the time reflecting the beliefs and experience we possess both in terms of finance. It is also true that Bitcoin has its own beauty to many people because it has a transparent and decentralised system. Of course, there are always many investment opportunities available to people, but they all cannot be as secure. Some aim at making quick bucks at the expense of putting into consideration the stability of their companies. It is quite reasonable choosing a more measured path and, therefore, guaranteeing full control over all the owned assets. Of course, everything done is always at the risk of something and being in control of your own properties is most comfortable. Bitcoin is not just an avenue that seeks to make a profit but also how the value of these asset will be preserved in the future.
Loses are inevitable i should say because not all people will really that perfect when it comes into investing specially into those days that we are really just that starting up or simply into those newbie days on which we do still lack with that knowledge. It will really be just that normal that we will really be having that kind of mistakes on which the important thing on here is that you do able to make yourself that adjust on what are the things that you have learned in the past. It all matters about adaption on such condition and you will be able to ride with the flow on how this market works. Investing or trading then it wont matter as these things will really be requiring that right approach and the actions on which you would really be needing up to take for you to have that kind of opportunity that you can be able to earn.
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I also have a lot of earnings in crypto before but i lost it when i sell my bitcoin on year 2017, from crypto trading buying and holding and most of all from bounty hunting from the successful altcoins projects, but i lost it because i sell it without knowing that there is a possibility of bitcoin to rise up to 90k$ above,that experience served as a big lesson to learn and be more cautious in the next couple of year.
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I also have a lot of earnings in crypto before but i lost it when i sell my bitcoin on year 2017, from crypto trading buying and holding and most of all from bounty hunting from the successful altcoins projects, but i lost it because i sell it without knowing that there is a possibility of bitcoin to rise up to 90k$ above,that experience served as a big lesson to learn and be more cautious in the next couple of year.
The decision making process of the cryptography in the world market is not an easy one since one is never sure of how everything is going to be like in the future. I can empathise with this by meaning that sometimes one feels like he has sold something that could go much higher in price. High volatility puts the people in a state in which they have no idea of the effect that it has on the value of the respective assets. Though the decisions which have been taken certainly could not have been other than the impressions arrived at that time by working upon the available knowledge and inputs. There is nobody who can predict the future and that is what many people feel. These are memories that can be something but essentially it is on how one considers anything as one continually progresses through life.
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I also have a lot of earnings in crypto before but i lost it when i sell my bitcoin on year 2017, from crypto trading buying and holding and most of all from bounty hunting from the successful altcoins projects, but i lost it because i sell it without knowing that there is a possibility of bitcoin to rise up to 90k$ above,that experience served as a big lesson to learn and be more cautious in the next couple of year.
I think most of us did sell on 2017, because I think majority of us only join during that time. So we really don't know what to expect, maybe some of us are already in a signature campaign and earning weekly already.
But we did sell it because it's money anyways. But in the next cycle if could be very different for us as we have learn from that cycle and now we tend to hold more. Still though, there are things in life that is not in our control and so we sold as well. But we shouldn't be concern on how much money we lost. The most important thing is that we should continue to accumulate as the supply is going down every cycle.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
I also know that the same project has render people useless financially, so I chose Bitcoin, no doubt Bitcoin profit depends on the amount you've been able to accumulate overtime and hodl for a long-term but it is better for me because of its trusted system.
If you are truly trying to invest risk-free, then Bitcoin is the best investment. There are many investors who, after holding for a long time, see that all the money in their wallet has been lost and only some shit coins are left. It is not difficult to understand how bad the investor's state of mind can be. Therefore, if only Bitcoin is held in any situation, then the investor will get his return even after a long time. I used to hold altcoins but now I have given more importance to holding only Bitcoin.
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The only thing I will keep telling people is that no matter how things is going either you are making some losses just going especially what you are doing is something you learn from , and same time it will benefit more in the nearest future
Are you talking about trading, because if you are investing in BTC, you simply have to buy it and store it for the long term, ignoring short term dumps and price corrections. It is in trading that you are exposed to a lot of risks, especially when you start trading without any skills at your disposal.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
As a newbie years back; alot of losses were incurred at my side not quite alot but a reasonable amount per say. I could remember laying down $70 for my first trade and loosinv it basically.At that point, i felt it’s probably the end of the line monetizing profits through trading even though it was my first trade. Speaking after that event, i still incured losses although the losses rediced through the researches and experiences i gained. Jeff bezos once said to Amazon shareholders, if you feel bad about this loss incured, well hold it because there are still alot of losses that would still be incured.Losses basically might or could be inevitable even with the toughest decisions.Point is these losses should be our driven components.by this,i mean what drives us to make right decisions as traders.Losses aren’t the end of the line basically, make your researches, educate yourself and grow in knowledge while making and maximizing your profits.
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I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
I also know that the same project has render people useless financially, so I chose Bitcoin, no doubt Bitcoin profit depends on the amount you've been able to accumulate overtime and hodl for a long-term but it is better for me because of its trusted system.
If you are truly trying to invest risk-free, then Bitcoin is the best investment. There are many investors who, after holding for a long time, see that all the money in their wallet has been lost and only some shit coins are left. It is not difficult to understand how bad the investor's state of mind can be. Therefore, if only Bitcoin is held in any situation, then the investor will get his return even after a long time. I used to hold altcoins but now I have given more importance to holding only Bitcoin.
Changing to something known to be an asset can indeed be greatly comforting as opposed to expose to different direction. It is most difficult to avoid boredom and doubt, when other assets have failed to perform as we had expected. Thus, concentrating solely on one of the most effective methods can become the process of self-strengthening. Instead of dwelling on the unfortunate event, when we feel that there is something that will remain valuable for a long time it brings gradual change of positive emotion. It is not so that everything turns out well, but because we know that what we are holding is not the striving for the current moment but an option that has already demonstrated its ability more than once to withstand the test.
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The journey has been so nice for me if I may be sincere with all of you because cryptocurrency has been so much fun for me as a matter of reality and personal growth, I have had a very excellent journey so far, although I have lost some form but that is when I wanted to go into cryptocurrency trading otherwise my cryptocurrency investment journey have been successful so far.
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to be honest I have not recorded any loses because I haven't really invested in crypto. But it's no hidden news how many have experienced appreciable gains, and some others wide loses in the industry. Obviously, many lost out to scam and crypto fraudsters, sudden price swing in a downward trend too may have resulted in why many feared and sold their asset believing prices with still continue to fall. loses is not what any investor wishes for.
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The journey has been so nice for me if I may be sincere with all of you because cryptocurrency has been so much fun for me as a matter of reality and personal growth, I have had a very excellent journey so far, although I have lost some form but that is when I wanted to go into cryptocurrency trading otherwise my cryptocurrency investment journey have been successful so far.
Yeah as I feel, investing and trading in the crypto market is a fun journey because I get a lot of profit and can buy real-world assets from crypto.
There are many lessons and experiences that we get to always control emotions and always be patient when the market is corrected,
I will stay in crypto until crypto is still valuable.
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The only thing I will keep telling people is that no matter how things is going either you are making some losses just going especially what you are doing is something you learn from , and same time it will benefit more in the nearest future
Are you talking about trading? Yes, if you are really talking about trading, then I would say that if you are investing in BTC, you should avoid short-term investments and stick to long-term investments. And you should always try to see if what you are going to do is still within your expectations. Or you should analyze what you are going to do well and know about the fundamentals and then try to do it. Then you might notice that most of you are moving within your own expectations.
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The journey has been so nice for me if I may be sincere with all of you because cryptocurrency has been so much fun for me as a matter of reality and personal growth, I have had a very excellent journey so far, although I have lost some form but that is when I wanted to go into cryptocurrency trading otherwise my cryptocurrency investment journey have been successful so far.
Yeah as I feel, investing and trading in the crypto market is a fun journey because I get a lot of profit and can buy real-world assets from crypto.
There are many lessons and experiences that we get to always control emotions and always be patient when the market is corrected,
I will stay in crypto until crypto is still valuable.
Trading and investing is never meant for you to have some fun but rather it will be that better that you do need up to have such serious approach since we are talking about making profits with market volatility. You will be needing up to apply any strategies and analysis in regarding on what you are currently doing. You are the ones will be dictating on what further actions should be made on. Speaking about losing money then its just a normal thing because there's no way that you can be able to assure profits and thats why you should be that careful into this aspect and on the moment it do happens then make it sure that you do learn from it and able to adjust accordingly.
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The journey has been so nice for me if I may be sincere with all of you because cryptocurrency has been so much fun for me as a matter of reality and personal growth, I have had a very excellent journey so far, although I have lost some form but that is when I wanted to go into cryptocurrency trading otherwise my cryptocurrency investment journey have been successful so far.
Yeah as I feel, investing and trading in the crypto market is a fun journey because I get a lot of profit and can buy real-world assets from crypto.
There are many lessons and experiences that we get to always control emotions and always be patient when the market is corrected,
I will stay in crypto until crypto is still valuable.
Yes, it has one phase where one can only laugh at how far one is removed from the starting point. Crypto is not just any moving number but where many of us create something from the ground up, it is also a new perspective to valuation and volatility whenever money is involved. Although many are still hoping to receive clear indication, there comes a time when we do not wait for the clear indication to be given, we take chances in life even if the going is tough. This has a great feeling, since such assets that were only capable of waiting, can be transformed into something of great value. This is not a story of happiness, but of carrying on when everything slips through your fingers and carrying on when no one else does.
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Yeah as I feel, investing and trading in the crypto market is a fun journey because I get a lot of profit and can buy real-world assets from crypto.
There are many lessons and experiences that we get to always control emotions and always be patient when the market is corrected,
I will stay in crypto until crypto is still valuable.
So, basically till the end of the market as we know it 8)
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I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.
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I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.
There is logic in your words. But there are some coins in the cryptocurrency world in which you will never face losses. Yes, I am talking about Bitcoin. I think you can be profitable if you invest in these few. But you have to invest in the coins at the right stage. Then you will see that they match your real life.
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I haven't stayed long in the crypto market that I will begin to say I have lost a lot. What I have lost is currently the investment I made in altcoin last year and this year. I am positive anyway that most of them will give me the anticipated profits I long for when the altcoin season starts.
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I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.
That's great, and indeed this all happens depending on our preparation during the investment and our decisions which of course have a very related chance and are also affected.
Basically, because cryptocurrency is indeed that risky and its volatility is high, we must first understand more about the risks of investing in crypto and what to do if without preparation. Because of that, it does require extra caution to do it wisely
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I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.
There is logic in your words. But there are some coins in the cryptocurrency world in which you will never face losses. Yes, I am talking about Bitcoin.
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Bitcoin does not need to be doubted, Hodler Bitcoin is quite resistant or in staking on the local platform later the price of Bitcoin will rise.
I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.
That's great, and indeed this all happens depending on our preparation during the investment and our decisions which of course have a very related chance and are also affected.
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Must have experience, observation or knowledge in investment in this cryptocurrency, if not then later will lose and continue to lose.
Cryptocurrency is not like ordinary trading in the real world that can be claimed at any time if there is an error in sending, the price error or an elementary error but the cryptocurrency cannot be done when the coin has moved to other people's wallet and the price is also not decisive.
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I haven't stayed long in the crypto market that I will begin to say I have lost a lot. What I have lost is currently the investment I made in altcoin last year and this year. I am positive anyway that most of them will give me the anticipated profits I long for when the altcoin season starts.
Keep hodling, and everything should be fine.
Don't expect the dips to stop, it will happen when you will expect it the least ;)
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I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.
That's great, and indeed this all happens depending on our preparation during the investment and our decisions which of course have a very related chance and are also affected.
Basically, because cryptocurrency is indeed that risky and its volatility is high, we must first understand more about the risks of investing in crypto and what to do if without preparation. Because of that, it does require extra caution to do it wisely
I also invest in crypto to get enough profit and accumulate my profit for long term bitcoin investment, because I think crypto is a profitable investment especially bitcoin and top coins, which many people recommend. If you want to focus more on investing in crypto or trading, it might take up our time in the real world because we also have real world activities.
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I also invest in crypto to get enough profit and accumulate my profit for long term bitcoin investment, because I think crypto is a profitable investment especially bitcoin and top coins, which many people recommend. If you want to focus more on investing in crypto or trading, it might take up our time in the real world because we also have real world activities.
Your approach to crypto and other activities is very realistic. When one comprehends that time is a finite resource and deciding on how to dedicate efforts on an organisation’s investments to let them run and not interrupt regular life then it underscores that you have a goal. Collecting the value from the transaction to stock on other long term assets like bitcoins also depicts that you are not greedy but rather slow and constant. That is not easy to do, indeed, especially if the market constantly undergoes some changes. Some of it is necessary though, and when one understands, it’s not difficult to be a part of this space so hence, the fatigue is much more fulfilling. All of this indicates that you understand your reason for being and are existing with your awareness of that purpose.
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I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.
There is logic in your words. But there are some coins in the cryptocurrency world in which you will never face losses. Yes, I am talking about Bitcoin. I think you can be profitable if you invest in these few. But you have to invest in the coins at the right stage. Then you will see that they match your real life.
Yes we invest in Bitcoin or play on the headlines to get our sufficient profit. But most of the time we have to stay with the long term Vinoys. We know that everyone comes to the crypto market to earn half and those who can stay with the Vinoys using their own knowledge and experience can make money from here. And those who invest without their own strategy to make quick money lose here again and again and they are at risk of losing all their assets. So I think if we come here to make money then we have to have our own strategy and knowledge growth and use that to stay with our investments.
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I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.
There is logic in your words. But there are some coins in the cryptocurrency world in which you will never face losses. Yes, I am talking about Bitcoin. I think you can be profitable if you invest in these few. But you have to invest in the coins at the right stage. Then you will see that they match your real life.
Yes we invest in Bitcoin or play on the headlines to get our sufficient profit. But most of the time we have to stay with the long term Vinoys. We know that everyone comes to the crypto market to earn half and those who can stay with the Vinoys using their own knowledge and experience can make money from here. And those who invest without their own strategy to make quick money lose here again and again and they are at risk of losing all their assets. So I think if we come here to make money then we have to have our own strategy and knowledge growth and use that to stay with our investments.
I want to say that if you are interested in making money in the market, then you have to keep an eye on the market. Not only through long-term investments, you will be able to make money by trading small amounts. For this, you need to have practice and skills. Because many people can make profits by investing in the fundamental market, but many cannot. For this, you need to have confidence in yourself. Then you will be able to successfully reach your goal.
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I haven't stayed long in the crypto market that I will begin to say I have lost a lot. What I have lost is currently the investment I made in altcoin last year and this year. I am positive anyway that most of them will give me the anticipated profits I long for when the altcoin season starts.
Altcoins has always been the first experience of a lot of people who lost their investment at the first place of there beginning, that's why people talk low about altcoins because it has brought heartbroken to a lot of people who invested wrongly, however even if someone should dwell on the altcoins it shouldn't be at the very start because by then the information the person will have may not be adequate enough to no the right one but when someone is mature enough on the crypto system will they be able to identify at least a considerable one.
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I haven't stayed long in the crypto market that I will begin to say I have lost a lot. What I have lost is currently the investment I made in altcoin last year and this year. I am positive anyway that most of them will give me the anticipated profits I long for when the altcoin season starts.
Altcoins has always been the first experience of a lot of people who lost their investment at the first place of there beginning, that's why people talk low about altcoins because it has brought heartbroken to a lot of people who invested wrongly, however even if someone should dwell on the altcoins it shouldn't be at the very start because by then the information the person will have may not be adequate enough to no the right one but when someone is mature enough on the crypto system will they be able to identify at least a considerable one.
Alts are, in many ways, a reflection on the crypto market - we have BTC, the stability incarnate, and people do need something to leave their bags in when the cycle of BTC is done for, that's why there are so many of them and with so many different cases / targets they try to achieve.
In any case - one shouldn't disregard them, but acknowledge and cherish his past experiences, good and bad ones.