Man lost everything to Crypto

[Oceat]

Crypto world can be for everyone but not everyone does it well, that's why many people suffer losses like this case. But if the cause is gambling, then there is no doubt because many people who experience losses with gambling because gambling does rely more on luck. if you are lucky it will be profitable but if not then like the story above it will be very detrimental. I prefer to invest or trade which I feel is safer and we can also control our own assets well. That is why before entering the crypto world we are required to have sufficient knowledge.

Gambling is not for gaining profit or making it as a source of income, gambling is supposed to be for entertainment only. Trading is different than gambling but almost the same when talking about risk. If a person who's good at trading get addicted to gambling then I think we all know where those who got addicted ended up and it's not new in here. It does happen already in the past and it's not really recommendable if someone doesn't know how to control their self.

[Kasabus]

Crypto world can be for everyone but not everyone does it well, that's why many people suffer losses like this case. But if the cause is gambling, then there is no doubt because many people who experience losses with gambling because gambling does rely more on luck. if you are lucky it will be profitable but if not then like the story above it will be very detrimental. I prefer to invest or trade which I feel is safer and we can also control our own assets well. That is why before entering the crypto world we are required to have sufficient knowledge.

Gambling is not for gaining profit or making it as a source of income, gambling is supposed to be for entertainment only. Trading is different than gambling but almost the same when talking about risk. If a person who's good at trading get addicted to gambling then I think we all know where those who got addicted ended up and it's not new in here. It does happen already in the past and it's not really recommendable if someone doesn't know how to control their self.

Trading may be somewhat related to gambling but the chances to gain profits is higher compared to gambling itself. But since OP is telling us that the man has been addicted to drug and alcohol so there is no way that he can trade rightly. He cannot sustain from making profits anymore because his body and his mind is already into vices addiction. As expected, he will suffer from losses in the end because of his own wrong doings. He'll only regain his losses if he will be completely healed and change his perspective in life.

[suzanne5223]

This is a sad story because the man spent his hard earning from the construction company where he work to get all the Bitcoins but this will also open the understanding of some people. I hope a lot of newbies with the people that say cryptocurrency trading is not gambling can read and learn.
I believe it was alcohol and drug that lead to the loss of the man though.

[Taskford]

Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.

Data : Man Lost Everything to Crypto

He basically didn't know what he do since basically he lost everything he got since imagine how he go thru for losing that and for sure he expect to earn a lot of money by adding up when market became bullish and didn't do anything when market breaks badly and do exit scheme since he wait maybe for the market to became bullish again. Maybe this story should be a reminder to other who's starting up yet that anything excess is bad and we better stick on the plan we set if we have to avoid losing everything in trading.

[KaliLinux]

Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.

Data : Man Lost Everything to Crypto

Yes, trading might be gambling in a way because I personally like to invest for a longer time than trading however, with regards to this issue, I don't see what is the case with Bitcoin here. It could have been stocks or some other investment that he couldn't remember his details to and he would have blamed it on that too but the overall thing is, he lost access to his account details because he was waisted in his drug and alcohol. 

[usekevin]

Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.

Data : Man Lost Everything to Crypto

Yes, trading might be gambling in a way because I personally like to invest for a longer time than trading however, with regards to this issue, I don't see what is the case with Bitcoin here. It could have been stocks or some other investment that he couldn't remember his details to and he would have blamed it on that too but the overall thing is, he lost access to his account details because he was waisted in his drug and alcohol. 

Now the bitcoin lost his response for the short profit.It only applicable to the short period.Exactly now their was the huge bear market and all the investments winded up by the short period.Specially it's not a good time for the future trading in the binance.People shoul avoid of future trading for now to get escape from the unwanted loss.

[so98nn]

Thats terrifying news as bitcoiner. Lolz.

Well I think I am managing the whole thing way better than the richest investors around the globe. I am also gambling, trading and investing all the time in crypto but the main difference is I think about it 100 times before going into it.

I always keep small % of profits as my goal and on top of that I tell myself clearly that if this is in then I am done for that day.

Even when it comes to the gambling then I am just gambling for fun and not to become "Rich".

Seriously steve, you could have played very well and would have been long running millionaire. Its true, money can make you happy but if you disbend the rules you gonna pay everything.

[CryptoWebDirectory]

This is just another reminder that many traders (mainly day traders) don't make it. Of the ones that do, many of those are not all that profitable. Trading is difficult as-is, but once you start adding drugs and/or alcohol to the mix it's a recipe for disaster. I'm really sorry to see the guy lost 5-10 BTC and that can't be an easy pill to swallow, but hopefully if he ever does trade again he will learn from his mistakes (that would be on expensive lesson). He isn't the first person to lose it all. The markets have zero remorse and will eat you up then spit you out pennyless if you're not careful!

[Dunamisx]

Too much of everything is bad, while getting addicted to hard drugs has always been placing a negative remark on individual involved, in live moderation is very important, must you drink till you got crazy and loose sense? But this is inevitable once addiction is involved.

Lessons:
Don't start what you can't finish
Beware of strange friends or cliques
Follow daily life protocols of good living
You does not stand to loose only your btc, valuables, integrity and wealth, it makes one looses his life.

[MysteryMiner]

he mentioned drug, cryptocurrency and alcohol has destroyed his life.

He is blaming things for ruining his life instead of his own lack of willpower. People like him don't know when to stop getting high, refusing drink or trading smart. Nothing to do with crypto or drugs.

[Finestream]

Too much of everything is bad, while getting addicted to hard drugs has always been placing a negative remark on individual involved, in live moderation is very important, must you drink till you got crazy and loose sense? But this is inevitable once addiction is involved.

Lessons:
Don't start what you can't finish
Beware of strange friends or cliques
Follow daily life protocols of good living
You does not stand to loose only your btc, valuables, integrity and wealth, it makes one looses his life.

This proves that addiction in any aspects will end up ruining your life.  Although its somehow beneficial for some to take drugs and alcohol but just in moderate. When its too much already, it won't do good at all.

However, losing your bitcoin is the saddest part. This should remind us that we all have to keep our wallet and private keys safe all the time. And also, stay away from vices that will only ruin what we have in life.

[Cryptmuster]

Thats terrifying news as bitcoiner. Lolz.

Well I think I am managing the whole thing way better than the richest investors around the globe. I am also gambling, trading and investing all the time in crypto but the main difference is I think about it 100 times before going into it.

I always keep small % of profits as my goal and on top of that I tell myself clearly that if this is in then I am done for that day.

Even when it comes to the gambling then I am just gambling for fun and not to become "Rich".

Seriously steve, you could have played very well and would have been long running millionaire. Its true, money can make you happy but if you disbend the rules you gonna pay everything.

Everyone should have a set of their own rules that must be observed and not violated. I say that everyone should make a list of these rules for himself, because everyone knows what his weaknesses are. If there is an addiction to something and not to control it, then it will always be detrimental to you. Everything should be in moderation and thought out in advance, thought out many times.

[Scotland]

Controlling yourself is the most important

[goldkingcoiner]

Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.

Data : Man Lost Everything to Crypto

If a person doesn't buy shitcoins and carefully trades without selling/buying on emotions and only trades Bitcoin, then this would have never happened. A lot of people think this is a crypto problem but really, its more of a your-own-fault problem. If you treat trading the same way you would treat gambling, then you have already lost. Its not gambling, its investing. If you want to invest, don't back out.

Trading and making profits is fun. But it becomes a hodl game when you get hit by a dump. Nothing to do with gambling.

[TelolettOm]

Man lost everything to Crypto

If we read from the title, it is really bad and scary because losing everything to crypto means many things, all things. This will actually happen if someone has ut much money in crypto, moreover their savings or loans into crypto and they lost their money because of dropped price, scam, and also panic buying and selling. This condition will really be able to make somebody lose everything.
This is also not only about losing money but also losing their patience, spirit, and many others including their trust in the crypto industry itself.

[kryptqnick]

Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.

Data : Man Lost Everything to Crypto

Addiction is a dangerous thing, but it could happen with alcohol, drugs or gambling. Oh, he actually did has those things as well. People like this, who are very susceptible to addiction, should avoid anything risky and focus of stable jobs with paycheck as well as go to therapy or something like that to prevent losing their paychecks (or let someone close manage their money for them). It's a sad story, but did cryptos play the decisive part if he also did drugs and drank? I'm glad he's receiving help now, and I hope he recovers and doesn't try trading again.

[GatotKaca]

Man lost everything to Crypto

If we read from the title, it is really bad and scary because losing everything to crypto means many things, all things. This will actually happen if someone has ut much money in crypto, moreover their savings or loans into crypto and they lost their money because of dropped price, scam, and also panic buying and selling. This condition will really be able to make somebody lose everything.
This is also not only about losing money but also losing their patience, spirit, and many others including their trust in the crypto industry itself.

all that can happen because they are not good at managing their finances.
do not understand the limits of money that can be used in the crypto market and money that should not be used. for some who feel crushed or cheated by crypto, I believe those who use their savings and spend money brutally.
those who fail, I can say because they know nothing.

[doomloop]

Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it.

He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland.

Data : Man Lost Everything to Crypto

He basically didn't know what he do since basically he lost everything he got since imagine how he go thru for losing that and for sure he expect to earn a lot of money by adding up when market became bullish and didn't do anything when market breaks badly and do exit scheme since he wait maybe for the market to became bullish again. Maybe this story should be a reminder to other who's starting up yet that anything excess is bad and we better stick on the plan we set if we have to avoid losing everything in trading.

It is mentioned that he knows what he is doing at the start and maybe he got addicted to trading  and loose control. If he is bullish like you said, he could have pull out the money and waited for a dip before buying again because I think that is more safer than riding on a moving train (riding a bull) and if ever he hot caught up and waited, he should not panic and sell at a loss because if he got lucky the prices can recover as well as the money that he invested.

Trading is like gambling and in gambling we often advised that we should only play the money that we can afford to loose so that there wont be a major headache once the game does not go well .

[kotajikikox]

I will never let myself experience this , losing everything because of wrong decisioning ?

why need to have this when we can make the best out of our funds? we can buy and sell with trust and care?

Love our Money, think before making any decision multiple times.

[Mauser]

Doesn't really sound to me like it's a crypto problem but rather a wrong life choices problem. Struggling with substance abuse he should have never put all his money into crypto trading. Maybe he lost control of his actions, but then his family or friends should have helped. Bring addicted to drugs or alcohol and then go into trading is a very bad idea. Both drugs and alcohol cloud your mind, make you less productive and will harm your body. I am pretty sure he wouldn't have made the same mistakes if he had been sober. Hope he will recover soon and can maybe make some of his money back.