Bitcoin Forum

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

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

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

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

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

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

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

FTX collapsed.

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

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

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

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

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

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

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

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

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

There are always those unofficial rules in crypto space:

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

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


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

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

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

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

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

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

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

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


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

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

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

Not that much but to be consistent in bad situations.

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

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

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

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

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

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

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

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

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

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

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

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

According to above matters you've mentioned above, you meant we should avoid centralized platform, bank and cryptocurrency (including Bitcoin) :D so the choice is invest in gold and real estate.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

I am a strong holder!


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

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

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

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

I was also into LUNA when the incident happened, luckily for me, I was able to cut my losses as quickly as possible. All these problems happening in crypto but bitcoin tech is not directly part of it. Bitcoin will always recover because it remained solid despite glitches from exchanges and other projects.

What I learned myself and may apply to many is the habit of being complacent after achieving something big. I lost my focus after I earned big last 2017. I was feeling relaxed and was not able to manage my assets very well which resulted in a big loss during the 2018 bear run. Life goes on and I am not giving up. 

I would say, If we have never had a single failure in the trading or investing space then we have not become a true trader or investor. Not experiencing failures and losses, in my opinion, will have a negative impact on us, because that will make us human beings who are arrogant and even belittle other people, that just opens the way for us to experience great losses.
Those who are successful do not mean they have never experienced failure, but they learn from their failures and correct what is wrong with what they do, that's why they can become good traders or investors.

I don't think they can do it. How can they shutdown something that is decentralized? Maybe what can they only do is to put some regulations or totally stop the people from using it by banning Bitcoin on their country. They do have an access to Bitcoin but they can't only modify it or do some changes. Only the one that can do it is satoshi.

The decision of satoshi to not show up is a good idea because he also knows that some people will be after him and command him to stop Bitcoin. Bitcoins value are affected by different factors including those you mentioned but luckily Bitcoin is too strong to handle them all. Props for the people too, who don't get tired of supporting BTC.

Whenever i do experience failures or mistakes, even how severe it is when it comes to financial aspect.I do really control up myself in speaking about emotion because this is something that cant really be
controlled so easily.I would really be diverting out my mind that the lost money or finances would really be just able to recover but of course you would really be needing to work hard even more better.
Once failures do make out lessons then this would really be applied for the rest of your life on which you would definitely be going in the path on which you do know and you are aware of.
This is the importance on having that real time experience and would tend to continue to improve as you do go ahead.

There is no certainty in crypto, so we should at least take some precautionary measures before we decide to enter crypto investment. Lucky for you that you were able to cut loss and never end up in a huge loss, unlike others who have put too much confidence and end up seeing theirselves struggling after. That is the reason why we should seize profits every time we see potential profits, and never become greedy to chase for bigger profits. Otherwise, we will end up quitting in crypto without even taking chances to become profitable.

In this cryptocurrency industry we should always expect the unexpected so in that way we will not have to put all our eggs in one basket in terms of investing as the experience with LUNA and others have taught many of us a great deal of a lesson and am sure so many persons out there would never have to make such mistake again as they did with these failed projects. 

Yes that is a pretty realistic opinion about the good and bad possibilities of this industry. There are no guarantees about the future, but we can only hope for the best for the future especially on reasonable matters. I remain optimistic about bitcoin under any circumstances, but as long as the government doesn't stop me from owning it, as long as the optimism remains.

Nobody knows about the future, so it's true that we have to understand what the risks are. That's why nobody should ever put 100% of their money in bitcoin or whatever, but if they feel capable of taking loss then that's fine.

There are no hopes actually when it comes to altcoins and meme coins, as they can all lose their value and end up as dead coins in the long run. But if you are hodling as potential as bitcoin, then never lost your hope and never give up. Bitcoin is bound to be more profitable in the end, we just have to trust the process. Though there might setbacks that we had experienced recently, but life is not a matter of giving up but moving forward and moving on. As long as we are investing in coins with potentials, then we should never lost our hopes in it.

I do love on playing around with degen coins usually on meme which its true that theyre risky but it could also give out that massive profit if you do know on how to play well with these things. When it comes to crypto investment then one thing you should really bare up in mind that you should really make yourself get prepared for whatever risks that you might be able to encounter ahead.There's no way that you could take things lightly considering that this market is really that unpredictable and totally random.If you are that someone who had stepped their foot into this market then you should be at least
prepared on what would you face on.

I guess it’s normal for us to experience dark times in crypto and just get back again but never give up. Because if you do so, it’s like you are accepting your loss without taking chances to be profitable again. That is a very wrong mindset in crypto. There’s no place in crypto for weak people and those who easily faint whenever circumstances arise, that’s why you have to be brave instead and let your setbacks mold your future success.

Good point. Moreover, without facing obstacles and making mistakes, we cannot grow. It is very important to accept the reality no matter how bad it is, always accept it and deal with it. And to be honest, Trading field isn’t an easy field to earn thousands in short period. And if you are a newbie and planning to start with a huge capital, it doesn’t mean the profit is guaranteed.

In fact, It would be better if you start with a low capital, and once you gain experience and learn more about this field, at that time you can add more money on your budget. Plus, you have to be careful due to the current market’s condition is unwell and shitcoins are widespread. They be promoting their scam projects in everywhere.

Eh, I would just avoid altcoin side of trading and be happy about it. The only issue started in the crypto was due to Altcoins era. Imagine a world without Altcoins. There would have been no exchangers, no trading platforms in the crypto world nor we would have had to deal with the centralised platforms.

Just imagine for a sec. Just bitcoin to bitcoin wallet transfer and no hectic pairing with any alts or shits like that. This would have brought High stability to crypto space and we would have never had to worry about such exchanger collapses, centralisation issues and who knows even government interference would have been lowered.

I have suffered the dump after $69k. I sold out all my holdings. I was so inexperienced that I was not able to control my emotions while they were spreading FUDs. So I was unable to exercise any hope back then. I legit thought it was the end for all crypto.
But as I spend time in this forum, I learned a lot and what is the future could be with Bitcoin. So now all I do is DCA and keep hodling. Nothing is stopping me now. And all thanks to everyone who shared their knowledge.
Do your own research before taking any major steps. Learn it before you make the mistake. There are people who are more experienced than you. Listen to what they have to say.

And even though we have experienced losses, we still don't give up and keep trying because we believe we can recover those losses and return to making profits. That's why we have to keep learning so we can improve our abilities so can benefit. And with continuously improved capabilities, our opportunity to gain profits will be greater to avoid those losses and reduce the risks. And still, believe we can achieve it by keeping the spirit and never giving up on achieving our targets.

It's just so hard if our family can't understand the struggles that we have in the crypto world. It seems that they think we are only wasting our time, funds and effort here. However, we should start the acceptance within ourselves and keep in mind that losing is part of our crypto journey but it is not a reason enough to give up. No matter what path or field we may choose dark days always come so we should be tough to face them. Always think of the possible ways to recover or while waiting for a better market situation, try to accumulate more skills so you can find other opportunities online. Always look for hope and positivity during the darkest days.

Having to experienced these dark times in crypto, I believe it’s not about giving up or losing your hopes, but it’s about moving on and looking forward to still see positivity in the end. Surely, those who quit after these events have been in a huge loss, but let us remember that losses are inevitable in crypto, you may experience losses but you can also make profits after that as long as you stay patient and still persevere to achieve your goals despite of the tough market experience.

Not giving up was the state of the mindset, I've seen many traders backing out after experiencing hugh losses on their accounts, some still bounced back while most of them didn't. Trading between my range set of friends, was difficult because we were victims of scammed projects and ponzi scheme all for the quest to be successful and acknowledged in the market. One thing that kept me going was my the little profits I made and my mentor was actually doing extremely alright in the market, although he do record some losses and he takes in, that was enough reason not to quit, I held back on to my heel and took high risks that almost cost me my job, in addition, how time flies.

It's normal to experience awful things in cryptocurrency, because it's worth or price is not fixed or meant to be skyrocketing all of the time. Giving up hope after experiencing failures is not an option, at least for me, since there's a lot of projects out there that could bring you huge amount of profits. You don't have to stop after few tries, keep on trying until you get what you wanted, but always proceed with caution.

Not giving up either.
This is the future of the world now and we became a part of it. There may be setbacks but there will always be the good old Bitcoin that will be left and those who trusted in it will feel how blessed they are for standing beside it and just keeping their coins.

About Lessons. I do believe we must try to filter it out more on whatever we will trust. Try to also listen to the speculations and predictions of other people/traders/investors and not just the advertisements using the popular names in the world. FTX is a good example of that. I am glad I never became a part of it. Those who have experienced Mt.Gox may have known about what is coming and they may also be the ones who avoided this regretful event.

We can give encouragement not to give up on what we have done and we can only accept what they say. But after we can succeed little by little, perhaps we can start telling them what we are doing is starting to show results. Perhaps, we find it hard to stay afloat but believe me, results will not lie to our efforts and we have to keep holding on. Those dark days will surely change and those who have said everything is in vain will see that what we do can bring positive results for us. And that's when we will smile with satisfaction.

Actually, it's interesting some people predicted something like that was going to happen at some point, especially bitcoin adopters who are faithful bitcoin will remain as a valuable asset, while the traditional currencies and economies will collapse. They always told us to not leave our money in third party services platforms, such as FTX, they told about the risks of stablecoins, they told about protecting your money from governments, regulators and thieves inside a hardware wallet, they told about economical and banking bankruptcy and still many of us didn't believe them and lost money because of that...

Hope is a constant exercise which has to be done and recharged daily. While there is life, there is hope, so you can never stop aiming new goals, learning from your experiences and trying new things, but with responsability and taking the words and advices of wise, experienced people in consideration as well.

Yeah, but one those thing that I learned in crypto is not put all your eggs in one basket. It will be easier to understand but it is kinda hard to follow. Sometimes when we felt that this certain coin or token will give us a fortune or it will pump so hard in the future we will start to put all our investment on it, that's what I do in a p2p game last last year and it leaves me with nothing, I'm afraid to fomo but I end up losing and having a larger loss.

This will tell us that life is not too easy and we sometimes fail. But we have never made this a reason to give up instead, make this a reason to grow and work more. Honestly, life is about failing and winning, we sometimes feel sad and sometimes happy also. And most of all, we enjoy how it was been made. Success in life never comes to us, we have to find it but if we just give up because of our failures, how could we expect success then?
Until we still have hopes and we are also working it, nothing is impossible.

Nothing that is great in this world has come without any cost. We had thousands and thousands of years of human lives, and mostly the last 5 thousand years is recorded somewhat, not perfectly but give or take, and the last thousand years is a bit better recorded.

Look at all the good things that happened and tell me one that just fall on anyone's lap, almost all the things that is good in this world came after hard work and pain, and that means bitcoin will have hard periods here and there, but it will end up being the best currency in the world. It is already the best currency to me, but not to many parts of the world, and they will agree to that when the time comes.

That's what we call the investment spread so that we can profit from the many investments we make. And this requires a more in-depth analysis because we have to look for the right coins to make a profit. And the most important thing is that we shouldn't be provoked by anything, even if it's good news, because we don't know what's behind the good news. By staying calm, we can cope with what will happen in the market and adapt to any situation.

All technologies present a challenge to the generation that first implement them, when automobiles were first created cities as we know them did not exist, and the same can be said about many other inventions like the electricity or the internet, they have changed the way people live their lives in a radical way.

And bitcoin has the same kind of potential, it just that the fiat system has been in place for decades already that people forgot that the economy has worked with a hard form of money for the majority of our history, and it will require that we change the way we think about money before bitcoin gains the level of adoption we are looking for.

There is something that traders do not know and they throw themselves into total failure, things in trading tend to get ugly when the direction of the market is not well understood and when that happens and you trade you usually lose, so it is advisable not to trade when you do not there is security of what you have in comprehension, because otherwise you would lose more money, but when this happens you have to be patient, and not operate, the market is very benevolent, it always gives good entries, but I recommend waiting to understand the market and in That moment if you enter, but do not enter guessing or gambling because it is worse that way.

The thing about life is that it is full of ups and downs, I could remember in 2018 I invested a lot of money in a Hybrid Block private sale and the token dumped to $5 from $10k, the hype was huge then that I was made to believe it is the next CoinBase, the Luna crash last year hit me too much because I don't see how project as valuable as Luna and UST can have their value destroyed within hours. The most important thing is to always look into our wins and successful trade and investments, this will give us hope that since we have done it in the past we can do it again by God's grace. No matter the state of things

those who have been in the market long enough may not leave the market and will continue investing and trading with other plans. but for those who are just getting into the market. the blow that comes from the bankruptcy of a big project is terrifying. even those who lose may leave the market. to inspire confidence I just think it can happen when newbies look at the history of how this market made bulls and bears. it will probably foster more hope of staying afloat in the market.

No-one should ever give up. I bought (Cardano) Ada when the price was high and never knew that it would crash below $0.3 - 1Ada. But right now, Ada has gained substantial amount of value. Don't give up on your dreams. It is only a matter of time for it to come to fruition. . Have Faith!
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Trading can lure you into a market kamikaze dive, guns blazing, ready to conquer. But trust me, that's a disaster's prelude. Now, I've embraced a more zen-like trading tactic. Picture me as a chess virtuoso, each move deliberate and measured. Market comprehension, golden chances, and voilà—a victorious strategy! Losses? Yeah, I've faced them. But with unwavering optimism and a long-game focus, I've risen like a phoenix!

Impetuous traders, take note: Breathe, and recall that patience trumps haste.

To begin with, I would like to write you down some useful points that might help you OP:

 • Do not let the news negatively affect on your decisions
 • Build a plenty of strategies  to avoid the risk of loss
 • Accept every sudden event ( For example, the collapse of FTX ) and deal with it intelligently
 • Make a backup plan for every plan you prepare
 • Take planned risks and accept failures
 • Choose the coins you invest in , carefully

In addition to that, the main lesson you have to learn is : nothing great will come to you easily and without failure, pain, hard work, patience, experience, loss…etc . And It is certain that we have seen a lot of terrible events in previous years. However, we should believe that after the darkness we will see the light. Maybe it is not now or tomorrow but the it will be definitely achieved in the near future. Be patient.

There is no doubt that the crypto market is a market where anything can happen at any time.And no one knows what may happen tomorrow in the crypto market.Therefore, the crypto market is a risky market where your capital can increase by several times and can also be zero.That's why experienced people say that when investing in cryptocurrency, you should only use money that is more than you need.Therefore, never invest in a single token and never invest all at once ,And don't keep all your investments in one exchange either.

Because after Luna and FTX no token and exchange can be fully trusted.Bitcoin is the only cryptocurrency that can be trusted the most.you should divide your capital and invest half in Bitcoin and half in other different cryptocurrencies.And you should always keep your cryptocurrencies in your personal wallet,And hard wallet is the best option.Because your capital is always at risk in the exchange.You should sell your tokens whenever you get a decent profit.

If we stop trading because we fail and incur losses, it doesn't mean we give up but also it was time to look for our possible mistakes and are able to correct them. Because trading is not a simple job to work with and the volatility of the market should not be underestimated. That is why we should have to spend more time learning to trade and make ourselves fully prepared before trading, otherwise, we don't have to expect success.
In fact, I'd lose several times but never I think I was a loser but instead make this a reason to push harder until I got the momentum.

Setbacks is inevitable, mine I have experience of losses in the time past and present, I also had an investment with Luna when it collapse. Nothing seem to be permanent right from creation. One of my hard to forget loss I went through is when a friend gave me $3,000 to add to my trading wallet and be sharing interest with him, I gladly take the money and one faithful afternoon 2020 I open a trade that go against me and wipe the entire money, I didn't know how to explain what happens to my friend and what will be the outcome. It was hard experience for me to survived through but we are still here after much failure comes a better success. As for bitcoin the project will live long.

These companies that failed did so for several reasons which I think may include - Greed, no streamlined goal or vision, unrealistic vision/poor planning, optimism, ignoring red flags or warning signals. It good that they failed but bitcoin hasn't failed despite trying to take it down with them. LUNA was just filled with people who wanted
to cash out at the expense of people's investment. The reason why the bitcoin project has withstood so many issues is because it is about the people/ investors and for the investors.

In overall it would really be that "GREED"

If we do try to look out on where these companies had able to commit or done something then it would really be talking about getting or stolen up their users funds. Collapse and failures or bankruptcy is just some
cover up on what they've actually done.Of course we cant really point out fingers because there's no way on proving it out. When it comes to economical problems worldwide then these are commons like those
interest rate hikes and major banks involvement and SEC or whatsoever then it is really just normal.

Government does really like to stir things up or simply does really want to get involved on something which they do saw a potential threat or problem. No matter which market we would be speaking into,
then this is heavily that been affected with these fundamentals then its not shocking on where it would be leading up thats why we should really make ourselves that get prepared.

Indo really uderstand this feeling. When we are feeling so sadly and need to talk, on the other hand, our family really doesn't know what happen to us, not really understand even we are talking to them because of their understanidng in crypto is exactly zero. So, tjis may become a lone sad feeling. Without any doubt, actually this becomes worse every time we are being alone moreover at night. But, actually as long as we are able to manage our emotion, we may control it and have much better consideration on why being lost. So we can take the lesson.
At least the lesson can teach us ehat to do later quickly

I think in the crypto world, going through hard times or losing is part of the game. However, it is important to have a strong mindset and not give up when difficulties arise. Because keep in mind that losses in the crypto market are risks that must be faced and acknowledged. Instead, failure should be used as a lesson and motivation to learn more, evaluate investment strategies and correct mistakes. Additionally, having the ability to speed up recovery after a loss or failure in the crypto market is the key to being successful in the long term.

Apart from that, it is also important not to give up after experiencing failure in investing in crypto. Instead, crypto investors must learn from mistakes, evaluate investment strategies and continuously adapt to market changes.

It's impressive how you've managed to stay hopeful despite recent challenges in the crypto world. Your positive attitude can inspire others to keep pushing forward as well.

In our experience, hope after setbacks comes from learning from mistakes, setting new goals, and surrounding oneself with a supportive community.

Some key lessons include persistence, adaptability, embracing change, and the importance of risk management.

Life isn't always too easy nor it was too tough. Those people who easily give up from suffering setbacks and hard times are those who never believe that there is tomorrow and that all of these things will have a solution. Because if we just think that all of these negativities and failures that happen to crypto are a sign of its end, it surely we feel hopeless. But because we believe that all of these things just passed by, we ain't affected and remain strong carrying hopes that tomorrow will have bright days in crypto.

Life is not easy and comes with risks and it's problems. Our lives are caught short when we can't or no longer capable to solved our problems, having strong fate that our problem will be solved is the ultimatacy of believe. Negativities drained our daily routine because we tends to lament and lose faith in what we stand to believe, confidence is the only quality that keeps me going because I'm always better than yesterday. Learning new positive things daily and intends the direction to cryptocurrency. There's a light at the end of the tunnel only if we exercise patience and keep moving.

Life is not easy, guys. If we want to be successful and get what other people don't have, we need to make trade-offs, and that is just one of the thousands of challenges we will face. Cryptocurrency investing like you is different from the rest of the world, you choose the path where not too many people choose to succeed faster, and you need to accept the difficulties it brings.
I understand the feeling of being alone when investing in crypto, but I also don't need anyone to share it with because I'm the one who chose that path, and I'm ready for the worst.

Too many people give up eventually and that's a sad reality we are living in right now. People shouldn't really give up hope on bitcoin and crypto, it is a wonderful invention that will definitely help everyone. I understand that it may not look great at times or altcoins neither, or there could be some bad stuff going on like crashes, bankruptcies, scams and so forth as well. However, remember that in the fiat world the whole system is built to keep you poor if they can do that, poor and also constantly tired as well.

Because, if you are constantly poor and overworked, then you would not have time and energy to try to stop that, and to the few who does try it, they will be marginalized very quickly so that not many people would hear them or even if they hear them they do not end up being taken seriously at all.

I've got friends that have entered the crypto market during the bull run, and this was the other bull run from 2017.

And when they've witnessed the traumatic bear market of 2018, many of them stopped and didn't proceed because they think that the market was a sinking ship and there's no way that it will recover.

But then, a few of them approached me back and said that they're willing to enter again and wanting some advice. I've told them that they've got experiences already and this market is going nowhere but way up even with ups and downs.

So many things are happening in the crypto market and all we need to do is to learn from other people's mistake so we can stand firm  decision making. There are people who had made a lot of mistakes I'm the market and the only thing we need to so is to try and learn from there predicament and try to make good decisions that will favour our investment pattern. there are some early altcoins investors who had made great loses from the market due wrong decision making.

They don't have to give up bitcoin, but they may have to forget about the altcoins in their portfolio forever. Bitcoin is not going to disappoint its investors in the long term, even if it has been in a bearish phase for the whole year. It's always possible to see the potential for this bitcoin price to continue to increase year after year, of course they shouldn't give up without learning something that allows it to grow.

A lot of people have lost thei money in bitcoin because the price has fallen so deeply, but they would not have lost bitcoin if they had been able to hold onto them and ignore the long-term volatility of the market. The cycle is about to change so there is a good expectation of returns even though they bought their bitcoin at $50k or above last year.

During investment we have to scrutinized the kind of investment we are about venture into, some people rush any new project without making any research of project before they invest for the project,and secondly is not every coin that can survive during bearish market and any coin that stands bearish can be invested on, and project that have sponsor is good to invest on. So many people are the cause of their problem for investment, you can not use all you money to invest in one particular coin. So my advice to people is to invest in Bitcoin or Ethereum that have potential, if you want to invest in altcoin try to ensure that you invest for short term not long term because collapse of some coins.

They say winners never quit and quitters never win.Giving up on crypto is like you are accepting defeat,despite how many times I failed while learning how to trade,I still continued,and I won't give up untill I am satisfied with my little effort.During my first year in crypto,I had a lot of mistakes which I made,and it made me lose so much money,but after learning and spending more times  learning how to trade,I  found out that trading has strategies,which if you follow the strategies vividly,you will have a chance to win because every day is not always a bad day,some days must favour.

I think this is the same as our life, life is not always easy and we often face challenges and setbacks in life. It is important not to give up and to continue to maintain hope and belief that there is a way out of this difficult situation. The same is true in crypto investing. Although sometimes there are significant price fluctuations and failures in the crypto market as well as what the OP mentioned. it is important not to lose hope and faith in technology and its potential for the future.

We need to take a long-term view and recognize that fluctuations in crypto prices are part of the normal game and such occurrences are normal in the crypto world. In the long term, the development of crypto technology and its mass adoption could present great opportunities for patient and persistent investors. What we need to do now is to stay calm and strong amidst setbacks and hard times, and stay focused on your long term goals as an investor. With strong faith and determination, you can keep moving forward and achieve success in crypto investing.

Wouldnt really be that considered a complete loss if you arent closing your position or completely sell because you could really be able to hold it off until the market would really be making out its recovery.
When we do talk about Bitcoin investment then there's no other coin in the market would really be giving out that kind of feeling and trust or confidence on which you could really say that it is really that something
which is worth for it to be holded up for long term. Shit things and other negative stuffs could really happen on this market and this is why its not really that shocking if ever we do see some negative news
and the impressions do become worst and it do really make things even more getting worst. Thing here is that you do know on what you should gonna do and you wouldnt really make yourself that easily
get impulsive when it comes to your investment decisions and approach. It is really that according or basing up with your self awareness and experience throughout the market.

I have not lived a very difficult life, considering what goes around me and what people have to live through everyday, I can say that I am doing alright. However, every life has its own difficult times, times that are worse than your good days, so maybe compared to others I still have a decent life, but between death of loved ones, cancer, hospital bills, economical turmoil, unemployment, all of that happened in my life and I had to go through with it and came out alright.

I would say that it is a good skill to have, the ability to survive whatever happens and that is exactly what I plan on my crypto investments as well. It may have good days, it may have bad days, but I will always try to focus on the good days and not on the bad days.

I will definitely give up hope if advised to keep investing on altcoins, i believe by now all the past events and experiences we had with some of them should be lesson enough to learnt from.


I ensure not to allow same calamity to struck me back the second time, once beaten twice shy, i set new hope with one coin and that's bitcoin.


If you can't take risk then don't invest, if you're a beginner, make bitcoin your first target crypto for your investment and learn more about it.

I never recommend investing in altcoins, especially when bitcoin is not in a bullish trend, because we know that all altcoins and toekns depend directly on bitcoin and if bitcoin is doing badly, obviously altcoins are doing even worse, so these things they can occur in the market, who gives life in the crypto market is Bitcoin because it is the King currency, the one that has its own life, the rest are branches, they are small roots that will always depend on Bitcoin, I can recommend Bitcoin and wait as long as it takes, but I recommend it with responsabildaid, and that's what Many don't do, they do it with altcoins and it's not the right thing to do.

Actually stay calm during such situations which are difficult to tolerate is the key to success like that in cryptocurrency where sometimes price goes more down but wise people always wait for the best timing because they know that time will come when their dreams will come true. One cannot achieve the desire aim if they don't have the ability to go ahead whenever they face failure because tolerance helps to get that for what he worked day and night. By examining the down price of bitcoin people don't stop to choose bitcoin but more and more people are involving in it because no one can deny its advantageous outcomes.

Its not actually not that right but its something to be less in priority if we do compare out with Bitcoin but if we do speak about other earning opportunities or windows then altcoin wouldnt really be that a bad idea at all because we know that diversification would really be always that best on which it to really lessen out the risks involved rather than on going all in but its actually that mattering or depending on someones risks management since not all would really be having that kind of mindset on which you would really be taking up risks or would really be just focusing on a single point.
As an investor then you should really make yourself that get prepared on dealing up with this unpredictable and volatile market which it could be heavily affected by news and sentiments that
circles around which it would really be creating such fud and anxiety or hesitance on taking up your buying or selling position.This is why you should really that tend to make out adjustments if needed.

When I was trading and hoping for a better market price because it was bearish. The FTX collapsed due to bankruptcy, and the price of the Luna currency dropped to zero, which I believe is due to the unfavorable market. Because many of us were panicked and liquidated their assets as a result of the tragedy, the market became even more depressed. But I did not give up on cryptocurrency; I believe that we can overcome the situation and restore its brilliance in the future. So don't lose hope or give up; we'll be successful in the future.

I had to laugh a little after reading your first statement.
You know, they never really get to understand what one has to go through and you go through all that alone, not just your lost funds that is never coming back but the emotional trauma of you having to realise and accept your current reality, searching for means to get back up and trying not to make any future experience.

It's a good thing you had your fears and have learned how to use it. Fear is more useful that way. Telling you when to hold, how to go about scrutinising things and make better decisions.

Mp people do say;
Straying off course for a while isn't running away from the course. You'll get to fight another day. The market isn't a one day thing, give it time to retrace your steps and better yourself.

what I do is only one, that is not giving up even though the trade in 2022 is very bad,
lots of major altcoins go bankrupt, and 2023 lots of exchanges go bankrupt too Bittrex and Hotbit both go bankrupt this year,
start investing from zero again and learn to better analyze a fundamental coin.

too many bankrupt cases in this bearish year and it's very scary, luckily i don't have any coins in FTT, LUNA or CEL,
but i have -90% in other altcoins and yes it hurts a lot,
but i also don't want to give up and try to that improve my portfolio to be bullish later.

This has always been the normal occurrence with cryptocurrencies and that's why it is expected of us to know well the kind of crypto projects we are going for, the recent events should be our best and master teacher in the aspect of choosing a currency for an investment in cryptocurrency, I've considered these kind of occurrences as one of the reasons why many choose bitcoin to invest upon because they already know that they cannot be scammed and the crypto is decentralized.

Yes Bitcoin and other top coins like Ethereum and BNB I think it's a much safer investment,
that's how it is because sometimes we have to experience it ourselves so it doesn't happen again in the future,
The thing to remember is to always do your research before investing.

If you are already in this phase and suddenly you are giving up because of this although you have experienced something worse than this one, your journey is really worthless if you suddenly give up. It doesn't matter how many bad events happened a while ago but still crypto will regain the strength after a while especially Bitcoin, surely there will be some down there and there but in the end it will always reach the new resistance after a moment.

Patience is obviously one of the most important pillars of cryptocurrency trading, no matter how good you are, have a lot of experience and knowledge, and have a pretty big capital, but if you lack patience, you will likely incur more losses than wins because patience is what makes you get successful trades even in bad market conditions if you know how things are done.

It is not possible for anyone with even years of experience to perfectly time the market but patience is the key when there is a bad situation in the market, so those who wait patiently will surely get benefit in the near future.

Failure is an integral part of success. I don't know any person who has succeeded without failing.
The examples you listed are truly amazing. We can learn a valuable lesson from this that you can't be 100% sure of anything.
Try turning failure a success. After every failure you have an experience, it's a most important thing in our lives. Success it's a delayed failure, if there was a right reaction

Patience is a psychological factor which holds the largest percentage in determining success in investing. psychology can occupy 70%, and secondly we must have money management which is around 20% and lastly then technical analysis which has a role of 10% in determining success in investing. especially if we invest in bitcoin, maybe we don't think too much about analysis, whenever we can buy it and come back again, the patience to wait will be decisive

Being successful and failing in life is inevitable for everyone. When any of them(wins or failures) occurs in that person's life, he will learn and shape his destiny in the manner he desires as a result of his successes and failures. Life isn't supposed to be juicy. Whether something is risky or not, we should always try our luck. If we failed in that procedure, there is nothing wrong with that. No one has ever reached the pinnacle without making many failed attempts that eventually resulted in his success. It goes without saying that investing in cryptocurrencies carries a lot of risks and is very unpredictable, but that doesn't mean we should give up on her because of the terrible experiences we've had in the past. We never stop hoping and believing for the best.

I agree that there are people who have been waiting for 1.5+ years for bitcoin to recover, people who bought it when it was high and can't sell right now because it's low and been waiting for a pretty while. I think anyone who has been waiting since then, and even buying some more for DCA case, will be the first people who will get rich when the price goes up. I obviously would prefer to sell when it's high and buy when it's low but that doesn't mean that you should sell when you are at a loss, you could DCA and wait.

This is why the ones who do not give up will be the first ones to make profit and the ones how make the most profit when the time comes as well. I prefer to keep it that way and make as much profit as I possibly could by just holding for dear life.

But we should also learn to accept that even if crypto is for everyone, but not everyone is capable to overcome from its losses and failures, especially for those who have weak hearts that easily faint whenever they faced stress and pressures in the volatile market. But remember that a quitter never wins, and a winner never quits. So if you want to succeed from your previous mistakes and losses, know that there’s always a time for a good recovery. You just have to be patient and learn to take it easily.

The traders with huge experience had an huge experience on both the side.The had lose some money due to many mis approach towards the market movement.The flow of chart can be predicted only by the good analytical skills on trading.When we consider about the COVID 19,huge business had ended up.Many banks had loss their credits and credentials.This leads to the loss of their trust on the bank users and the bank loss their trust among the people.As we Bitcoin still above 24k which is not a bad one.

Sometimes it happens with cryptocurrency. It's normal. And we must be prepared for the moments of losing money, this is the way that we grow up and become smarter and more experienced in the future.
Maybe it will become a little easier for you, remember, someone who earned a lot lost a lot before. My best wishes

we have to make a bad experience in 2022 that crypto currency is not always fine,
it is proven that the top major altcoins can also go bankrupt and really surprise everyone,
keep up the enthusiasm and don't give up to reach your dreams in the world crypto my friend.

I completely agree with you..
There isn't failure, no mistakes, it's always experience, priceless experience. The risk begins from first second we started trading. Take some knowledge from collapse and moving on is a high quality skill, which no able to everybody, but we can to improve it.
You just need to be patient and take it easy. Life isn't supposed to be easy. Everybody who won, lost a lot before

well, this is a very complicated subject, because if someone tells people that they cannot lose hope in the cryptocurrency market, then that person could be encouraging other people to continue holding their shitcoins even seeing that they are falling every day, these people they could be continuing to use shit exchanges just because they want to buy a certain shitcoin, these people could continue to invest in shit projects, what do we have to tell people is that they don't keep putting hope in meaningless things, we all know that the bitcoin is the only cryto worth buying and using

we all know that binance is one of the best or perhaps the best exchange worth using, so talking about hope we need to talk about something in particular so that people are aware that there are many bad things in this market that they should not deceive themselves and they have false hopes, even if many years pass they shouldn't have false hopes, but unfortunately what I've seen is people being proud of holding shitcoins and still having hope that their shitcoin will recover a lot to the point of generating profit, something that sometimes I think what the hell these people have in their heads

Yes, you are right, many successful people are created from their experience of losing a lot of money, that is what ultimately motivates them to be even better in the future.
We shouldn't be surprised by the sad events that have happened lately, because it has become a big risk. Indeed, one cannot deny that a large company suddenly collapses, but it will always happen. Many people have lost as a result of the tragedy, but not a few people have been able to get back up. That is a valuable lesson for us in this cryptocurrency space, that we cannot fully trust, or in other words we must be highly vigilant.

When someone is really determined and passionate about what he or she is doing, giving up will never be an option rather will look for a better way to navigate successfully, If we can understand these risks stuffs involved with investing in the crypto market, you will find reason to never give up.

Despite doing your own research and trying to invest in the right crypto projects, I bet you that what will be will be because we don't have control over the crypto market, rather the best we do is move on and learn from our past experiences and mistakes because these experiences will help build you to become that successful person you have dreamed of becoming.
Generally ,to have a bit peace of mind with your investment best thing to do is stomach the volatility nature of Bitcoin and stick your investment only on Bitcoin as it's the safest amongst all.

 

In fact, traders' emotional statements will not be appropriate, because traders with trading knowledge always make decisions based on market conditions. It is the job of an experienced trader to take advantage of the market by using the nightmare experiences of the past into the future. So traders should not fear the situation, fight with the situation and survive in the market.

In trading emotion has no value. A trader must have good knowledge about various things otherwise it is very natural to face any bad situation. Those who conduct trading need to have good knowledge about various things. Especially those who can fully grasp the information related to business, commerce and economy are able to understand the situation somewhat in advance. If it can be implemented well by acquiring knowledge from previous experience, then it is possible to achieve success in trading.

We need to understand why our investments fail and why we keep losing. We have to look at these and introspect. Maybe that's why our investment failed, there must be something wrong with our investment. So our investment fails. We need to know who is wrong and correct this wrong. Before investing we should know about investments and invest well after doing research. All investments involve risk. It will not guarantee you profit. But by no means should you give up hope. If you do your research well and invest at the right time then the chances of this risk will be greatly reduced. You trust your investment potential, and hold cryptocurrency. If you believe in your potential and hold crypto, surely you can profit. You never give up hope. strong up your mind and invest and you will stick to your decision. You will definitely succeed one day.

When we fail, it doesn't mean we have to give up as you have just said, many individuals has failed in the past but later succeeded and has gone on to become big brands and names in their profession. We don't have to give up even when we invested in those project that have collapsed or fallen to a very low price that it looks impossible to recover from. There's no point of selling but to continue holding and hoping it recovers.

We have to learn from this experience and in future think about what we're investing in so we don't become a victim again. Bear market are very dangerous for cryptocurrency project so Incase of next time, we have to sell our altcoins before the bear market starts.