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Author Topic: Man lost everything to Crypto  (Read 2798 times)
Fireebrand
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July 13, 2022, 10:32:16 AM
 #221

You need to put a limit to how you trade and how you want to move forward. The market doesn’t put conditions on how you should trade. It’s you who has to see what you can afford to lose and plan your moves accordingly. Nothing comes naturally and you will have to decide all that you want to do.
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yazher
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July 13, 2022, 01:10:31 PM
 #222

You need to put a limit to how you trade and how you want to move forward. The market doesn’t put conditions on how you should trade. It’s you who has to see what you can afford to lose and plan your moves accordingly. Nothing comes naturally and you will have to decide all that you want to do.

That's why we need to consider setting up some limits to our habits because when money involves, all our limbs will feel the pain if something is not right will happen. What I mean is, that we will suffer some mental illness where we became so anxious that all we think is how we gonna get back what we have lost. Therefore, this kind of story should motivate us cause no matter how lucky we are in our life, there comes a time when we face some trouble especially when trading and the crypto market nowadays are not looking good, and to chill up a little bit is a must whenever we feel the day is not for us.

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July 13, 2022, 01:21:45 PM
 #223

This has been happening from the first day altcoin market started. A lot of newbies get into the market thinking they are experts after making a big profit when a shitcoin they bought gets pumped but obviously since they have no understanding of the market they end up losing all their money including the profit they made.
This case you posted about is the same with an additional addition on top which would have been better if you changed your topic title to "... lost to addition" instead.


Cryptocurrency is a very fast changing and uncertain market. Anything is possible at any time. Especially new traders who invest in it without realizing it are at a loss. If you don't have a detailed idea about this and trade without market research, the chances of loss are high. If you trade without realizing it, you see some gains at a time, but then they don't last.

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July 13, 2022, 01:55:43 PM
 #224

This is the first time I read about this case. I can't believe that a news site called "Live Bitcoin news" doesn't know the slightest thing about Bitcoin and reports that a person lost his "addresses" and now he can't recover said "addresses". He had some success with trading in the beginning but as he was greedy and showed gambling-related disorders, he invested more than he could afford to lose and lost. That's all on him and not on Bitcoin.

He says that trading Bitcoin is "high-risk". He is right above that. Trading isn't for everyone despite it being available for everyone. Blaming advertisements for your misfortunes is pitiable. It's not my fault I lost my crypto, there was an ad on the bus that tricked me...

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July 13, 2022, 02:11:14 PM
 #225

I think really general about OP writing because use losing everything in cryptocurreny. My mind when reading the topic think the men who talk here lost much money by investing in bitcoin, but exactly Stevem losing his phrase bitcoin wallet controlling. I am sorry to heard that but OP need to give add little on the topic about losing access with wallet not losing investment witj cryptocurrency, hope Steven can found way how he can recovery and get back his controlling to bitcoin wallet address. Hope he can sell his bitcoin and loss 6 until 10 bitcoin is much fund and faced bad situation if every one on Steven position.

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July 13, 2022, 07:57:40 PM
 #226

I think really general about OP writing because use losing everything in cryptocurreny. My mind when reading the topic think the men who talk here lost much money by investing in bitcoin, but exactly Stevem losing his phrase bitcoin wallet controlling. I am sorry to heard that but OP need to give add little on the topic about losing access with wallet not losing investment witj cryptocurrency, hope Steven can found way how he can recovery and get back his controlling to bitcoin wallet address. Hope he can sell his bitcoin and loss 6 until 10 bitcoin is much fund and faced bad situation if every one on Steven position.
Not really that accurate or correlating its title into its subject/content? Totally confusing for those noobs out there but for people who do have experience then they do able to spot out directly with that error.

You could really lose everything once you had lost your PK or access into your wallet which those coins had been stored on.Yes, it might be some in form of investment since everyone could opt out on accumulating
their coins on a single wallet but in overall its a possession which its just normal for you to take good care on whatever information you do need to keep to have access with those storages.

Neither you could still able to retrieve or access it out or would totally able to lose them all.

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July 13, 2022, 08:34:39 PM
 #227

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

I think this would serve as a teacher and lesson to the newbies. You should know that Crypto is volatile and then trading do due diligence before embarking on it. Do well to trade or invest with funds or money you would not mind to lose ie use spare cash so that if you run at loss it would bother you in any way and when trading, trade with caution so as not to run as  at loss.

In all, we have no clues how he lost his Crypto assets so it's uncertain the circumstances surrounding the situation on how it happened, when it happened and where it happened.

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July 14, 2022, 12:21:43 PM
 #228

In fact, if people invest in cryptocurrencies wisely, they will not lose much.What I want to say from my experience is that I invested in BNB at a very low price, even though it increased a lot at one time, but I did not sell there. But now he has returned to his previous position.So I mean, just for lack of experience, I'm going to lose my funds today.If I had sold at the highest price without greed, I would have made a lot of profit today.Therefore, it is better not to sit for a long time if it is profitable to sell after investing.
When you are wise you will figure out that cryptos are risky because of their volatile nature, therefore you will not invest all of your life savings on it and when you invest you will not put all your eggs in one basket to greatly lessen the risk. Another thing is that we must not be greedy but we must sell as long we can or as long as there is an open opportunity like when the prices are rising. In your case you lose because you lack of experience but I think that was acceptable.

I bet you are more experienced now and you don't repeat the same mistakes again? You better should because money is hard to find and it's hard for us to accept once we lose it. The reason why we are here is because we want to earn and not to donate money.

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July 14, 2022, 12:39:41 PM
 #229

This has been happening from the first day altcoin market started. A lot of newbies get into the market thinking they are experts after making a big profit when a shitcoin they bought gets pumped but obviously since they have no understanding of the market they end up losing all their money including the profit they made.
This case you posted about is the same with an additional addition on top which would have been better if you changed your topic title to "... lost to addition" instead.


Cryptocurrency is a very fast changing and uncertain market. Anything is possible at any time. Especially new traders who invest in it without realizing it are at a loss. If you don't have a detailed idea about this and trade without market research, the chances of loss are high. If you trade without realizing it, you see some gains at a time, but then they don't last.
cryptocurrency investment is an investment which comes with Wheelock especially when you study it very well before investing into it, I will say that while some people loss in cryptocurrency you because they have not known is strategies very well before invest in cryptocurrency so they are for anybody can loss for any investment both digitally and manually why in cryptocurrency investment the most to have a specific target and the time Factor before you invest but some people do not calculate while before the invest in cryptocurrency
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July 14, 2022, 12:45:09 PM
 #230

Similar thing happened to a friend of mine sometime last year. He was introduced to cryptocurrency as an avenue to get rich quickly, I tried to advise him to take precautions and do proper research before buying altcoin but he was sure he will make x10 his money in 3 months. He lost everything.
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July 14, 2022, 01:07:04 PM
 #231

 Well that is how it feels when you come into trading, addiction kicks in, you basically want to try to catch all the pips, you keep losing with hopes and high spirit. but you sometimes later get it right for some people they would have probably given up before that happens. There are ways to take, you can recover lost bitcoin or ask for guidance by visiting www.prudentrecovery.com
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July 14, 2022, 04:40:55 PM
 #232

People can become addicted to both gambling and alcohol. As a result, his normal human knowledge development is disturbed. ‍If someone is addicted to anything then he must be destroyed. These are the problems that most new investors face when using cryptocurrencies. They invest without proper knowledge and after a period of time when they fail, they complain about cryptocurrency. He alligates to deceived by these. Moreover, cryptocurrency is the most volatile currency, and any open gambling or drug addiction is doomed to failure.

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July 14, 2022, 07:31:16 PM
 #233

In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life.
He should blame his misfortune on drugs and alcohol and exclude cryptocurrency because crypto did nothing wrong to him, at least, it isn't crypto's fault that he is addicted to drugs and alcohol and was probably high when he was creating his cryptocurrency wallet and due to intoxication misplaced his wallet private keys or seed phrase, which ever that was issued to him upon wallet creation, I can also bet that he was all the time, high while he traded crypto, how or why wouldn't he loose everything when he traded while highly intoxicated with drugs and alcohol?
Crypto currency investing or trading is not something one does carelessly or high on drugs and alcohol, it requires your full concentration and also requires you be in your right frame of mind anytime you trade or invest.

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July 15, 2022, 05:32:24 AM
 #234

According to the subject, it was said that cryptocurrency was one of the things that ruined Steven's life, right? That for me, it seems wrong to say that one cryptocurrency ruined his life, because first of all crypto has nothing to do with his life, but because of his choice he probably made a mistake in buying crypto that he did not study well first. that it had a problem at the time he bought it. Because many cryptocurrencies have helped most people around the world, that's the fact check and the truth there.



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July 15, 2022, 06:33:40 AM
 #235

Bitcoin and other cryptocurrencies are extremely volatile digital assets. Trading without sufficient understanding and care might result in large losses. Just like this one.
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July 15, 2022, 07:05:58 AM
 #236

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
this doesn't add up..he lost everything to crypto or trading.how? and why the addresses  mentioned in the storyline. I think may be he was defrauded to sending  his btc to someone his doesn't know claiming to be something or someone else promising him more profits.. The reason for this  because me myself I have had similar encounter with this fraudsters online... Maybe I suppose if this story of losing everything is true then maybe that's what might have happened to Steven

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July 18, 2022, 05:35:12 AM
 #237

Once you understand the crypto market you’ll become more wise and cautious while making any investment decisions. Also it is not smart to invest the money you can’t afford to lose.
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July 18, 2022, 06:28:01 AM
 #238


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.


I am sorry for Steven that his life got out of control and he lost everything, but crypto currencies are not at fault here, it is his own wrong doings that let him down this road. Saying that trading is gambling is wrong obviously. Gambling are games that are being offered by casinos in which the gambler knows his odds of winning before even playing. Before ever playing any casinos game we know that our chances of losing money are larger than our chances of winning - this is how the casinos makes money. When it comes to trading the rules are different, there are no fixed odds for us to win or lose. Trading is a closed system, we trade against other humans and the only way for us to make money is if someone else loses money. Who knows what would have happened to Steven if he didn't start with crypto currencies, maybe he would have traded stocks and became addicted to stocks instead. It's good that he got help and is living now in a rehabilitation centre and can get his life back on track.

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kamvreto
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July 18, 2022, 07:34:32 AM
 #239

According to the subject, it was said that cryptocurrency was one of the things that ruined Steven's life, right? That for me, it seems wrong to say that one cryptocurrency ruined his life, because first of all crypto has nothing to do with his life, but because of his choice he probably made a mistake in buying crypto that he did not study well first. that it had a problem at the time he bought it. Because many cryptocurrencies have helped most people around the world, that's the fact check and the truth there.

The facts and the truth about those who are harmed and benefited are true. Cryptocurrency is a very risky asset for those who don't know how to use it, but for those who do, crypto is a good place to grow profits. people who have stories about how their lives were ruined because of cryptocurrencies, it's just an effect of their ignorance of what they hold on to.
What makes people lose everything is not just crypto, there are many things that can make people lose.

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July 18, 2022, 08:06:05 AM
 #240

Addiction to anything in the world leads to destruction. Trading isn’t gambling until you’re doing it in the right way. People who think trading as gambling often lose and this is a great example to seek lessons from.
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