Aren't FTX CUSTOMERS Victims?

[yhiaali3]

Sorry for your loss, many people lost their money because they trusted FTX, but this is not the end of the world you can start over, don't despair.

On the other hand, you have to be optimistic and very happy because you get paid $14 an hour!!!!
Believe it or not, I live in a poor country and earn $20 a month through a government job!!! This means what you get in two hours is more than what I get in a whole month!!!!
I know that no one believes this, but this is a fact. It happened because of the very high inflation and the collapse of the value of the local currency in my country against the US dollar.

But despite all that, I am satisfied and get enough through my work in Crypto.

[Getmon]

If you say you are underpaid, you know how valuable your skills are. You need to have faith in yourself. Try it out by applying to other businesses that might be able to give you better pay. Another choice, you can also look for another means of earning money. For programmers like you, there are many freelancing opportunities. 

Sorry for your loss, many people lost their money because they trusted FTX, but this is not the end of the world you can start over, don't despair.

On the other hand, you have to be optimistic and very happy because you get paid $14 an hour!!!!
Believe it or not, I live in a poor country and earn $20 a month through a government job!!! This means what you get in two hours is more than what I get in a whole month!!!!
I know that no one believes this, but this is a fact. It happened because of the very high inflation and the collapse of the value of the local currency in my country against the US dollar.

But despite all that, I am satisfied and get enough through my work in Crypto.

Do you really work for the government and earn $20 per month? It sounds unbelievable. However, diligent people like you who found alternative means of earning extra money are always someone I admire.

[stompix]

14$ an hour is by far not a low-end payment. Not in my country, not in many others. So I think that you're looking at the things from the wrong angle. If you feel it's too low, you may want to adjust your spending habits.
And if you have "some skill in programing" I am sure you could look the things up and set up yourself a cold storage if you don't want to invest in hardware wallet.

He used ftx.us, so at this point without him giving any more details he might be living within the USA, especially since he used $/h as payment, this is not something others use. And if it's like that, then 14$ is barely above the minimum legal wage, and lower than what California will pay next year.
Anyhow, OP seems like is actually focusing on getting a better job than on the whole ftx scandal or crypto and advice on crypto as a whole so, he might have to open a completely different topic for that.

but people constantly try to take advantage of me.. and im afraid

Username checks out 

[Welsh]

While $14 isn't a low paying job even in a first world country, at least most of them. We shouldn't be comparing that to third world countries which have a much lower cost of living. For example, living in the city on $14 an hour is going to be rather difficult, and would be considered on the lower end.

As for the help request OP; I'd just invest in a hardware wallet (do your research on them), and then put my Bitcoin on there. It doesn't sound like you're in Bitcoin to hold, and it sounds like you want to invest, and take some out. So, a hardware wallet will give you the security you need, as well as not relying on a third party. When it comes to trading, you can do it with relatively low risk.

[Lucius]

I dont really have anyone to talk to.. I lost my USD that I had saved up .. I kept it on FTX.US.  If I tell anyone who isnt into crypto.. they say im a loser for trusting crypto.. if I tell anyone else they say im a loser for trusting ftx.

Fortunately, there are many people here who will support you, because although few admit that they lost funds on that CEX, I believe that this number is significant because many on this forum promoted Bankman as a crypto messiah, and I did not notice that anyone apologized because of that. In particular, you made mistakes that cannot be corrected, because not only did you trust a completely unknown person, but you also kept stablecoins, which makes no sense. I would advise you not to tell people you know about it, because you are obviously surrounded by people who show no compassion, so they only increase your suffering.

Throughout the whole thing(3 years) I have worked a super low end job.. 14$ an hour.. but the business needs me and I am fairly happy.. But I would like a way to make money... I tried alot of different things but nothing has worked.... I am a sincerely good person.. I have some skill in programming.. but people constantly try to take advantage of me.. and im afraid.  

The matter is quite simple, you have to change your attitude towards people, because if you don't show that you have your own attitude and defense mechanism, nothing will change. If you can afford quality psychological help, I would definitely recommend it - because not everyone can make difficult life changes on their own.

[Findingnemo]

I dont really have anyone to talk to.. I lost my USD that I had saved up .. I kept it on FTX.US.  If I tell anyone who isnt into crypto.. they say im a loser for trusting crypto.. if I tell anyone else they say im a loser for trusting ftx.

Throughout the whole thing(3 years) I have worked a super low end job.. 14$ an hour.. but the business needs me and I am fairly happy.. But I would like a way to make money... I tried alot of different things but nothing has worked.... I am a sincerely good person.. I have some skill in programming.. but people constantly try to take advantage of me.. and im afraid.  



 

Ofcourse they're victims of this FTX collapse but if you're really saved all your savings in the FTX instead of your own wallet then you can't blame anyone because its a big mistake or negligence of only you.

Haven't you know the fact not your keys not your cryptos? And many past incidents which kept reminding the cryptocurrency users and importance of having your own wallet.

[dimonstration]

Low-paying job...$14 an hour?
Dude, are you sure you chose the right place to be pitied?

As far as I know $14/hr is pretty low if you're from the US. Sounds pretty high if you're from a poorer country, but don't forget that expenses in the US are significantly higher as well.

Yep this is true. 14$ an is the minimum wage salary if the OP leaves on rich State like New York & Washington. I believe the rent of the apartment there is so expensive which is why typical Americans struggle in there daily life with just a minimum wage earnings.

Reference on wage rate on US: https://www.citizenscount.org/news/how-does-nh-compare-minimum-wage?gclid=EAIaIQobChMI7qCSv9mN_AIVgyRgCh0cZgjkEAAYASAAEgJMYfD_BwE

@OP, There’s still a chance that you can recover some part of your investment once FTX finished there bankruptcy filings or some huge company purchased FTX. You can’t expect a 100% but recovering a cents for a 1$ is already a good thing for all the users affected. Mt Gox is the best example that users getting refund even for so many years of waiting.

[Welsh]

Yep this is true. 14$ an is the minimum wage salary if the OP leaves on rich State like New York & Washington. I believe the rent of the apartment there is so expensive which is why typical Americans struggle in there daily life with just a minimum wage earnings.

Which probably tells you that they're fairly well of anyhow if they're living in the richer parts of a country or at the very least their family is. Unless, they've moved to the city to get a better wage, but that almost never makes sense, and it's always best to commute into the cities rather than living in them, unless you're getting paid top dollar.

$14 isn't top dollar, but it should be fairly manageable wherever you might live. Anyway, I think we're focusing a little bit too much on that fact. They asked for help based on their circumstances, we shouldn't be judging that based on what they perceive as a low wage. Ultimately, Bitcoin isn't a get rich scheme, and therefore shouldn't be treated as one. If you can't afford to lose the money you put into Bitcoin, then you can't afford to invest in Bitcoin.

There's no certainties in life, and I think that's what a lot of investors believe Bitcoin offers.

[yhiaali3]

Do you really work for the government and earn $20 per month? It sounds unbelievable. However, diligent people like you who found alternative means of earning extra money are always someone I admire.

Yes, it is true, I know that it is difficult for anyone to believe that, but it is the truth. The economic situation here in my country has completely collapsed, inflation is constantly increasing and there are no additional resources for the state treasury.

My monthly salary was about $400 several years ago, but as a result of continuous inflation, economic collapse, and the government's inability to increase my salary, the salary is now not worth more than $20!!!!

Of course I quit my job and many people did the same and started their own businesses. Not one can live on such a paltry salary.

[Ultegra134]

I'm sorry for your loss. As others have already mentioned, it's not advisable to store money in exchanges. It's a mistake we've all made in the past and are still making, and it's understandable; they are convenient. I'm not going to stand on how much money you were making, firstly because I can't relate to the USA's salaries and it's quite pointless to compare them with those in another country (It's approximately $5–6 per hour in Greece), and secondly because it's irrelevant to the topic. The point is that you lost all your savings, and in the best-case scenario, you might get a small percentage back if and when they liquidate their assets after declaring bankruptcy.

[The Cryptovator]

You are Victim even though you did nothing wrong. Yea people will say whatever they understand from their end. Using FTX wasn't bad to trade. But the bad thing is you stored your funds there. That was your mistake on your end. So you are suffering from that mistakes. If you had stored your funds in a hardware wallet or non-custodial wallet then today you shouldn't worry anyway. However, take a lesson from the past mistake and go ahead. If you have programming skills then work in marketplace. So that you can earn something.

[nakamura12]

If it is me then I would say that it is good enough to earn that amount of money if you are working for 8 hours a day since it will be decent amount when it comes in my country. I'm sorry about what happen to you if that really happened to you. It is your fault when you trusted the platform you have used to store your funds. Crypto wallets are created for that purpose which is to store your own funds and you alone can manage it unlike storing your crypto funds in an exchange platform or centralized wallets where they can steal your funds without you knowing until you open your account. No matter how you blame them for stealing your funds but there's nothing you can doand I would say that you should blame yourself for trusting them and think of it as a hard lesson especially the money you have lost is your hard earned money. We all experienced bad things but make it your strength for doing better next time. Good luck.

[tech30338]

I dont really have anyone to talk to.. I lost my USD that I had saved up .. I kept it on FTX.US.  If I tell anyone who isnt into crypto.. they say im a loser for trusting crypto.. if I tell anyone else they say im a loser for trusting ftx.

Throughout the whole thing(3 years) I have worked a super low end job.. 14$ an hour.. but the business needs me and I am fairly happy.. But I would like a way to make money... I tried alot of different things but nothing has worked.... I am a sincerely good person.. I have some skill in programming.. but people constantly try to take advantage of me.. and im afraid.  



 

Everyone is not perfect, we all make mistake sometime, but if you already saw signs that the coin is loosing its value and there were redflags already why you still hold it? it only means that you make one of the few mistakes others did following your emotions , instead of your mind telling you that you need to get out, crypto is an investment, but it does not mean that even the price falls down you will just ignore it, ill let it pass if its bitcoin , but its FTX so its on you, but never give up, invest again but now with caution and knowledge you acquire from this mistake.

[JoyMarsha]

The time is not right to cry and criticize yourself for the FXT exchange. The deeds have happened. Try as hard as you can to straighten yourself out and learn from it (we all learn from our mistakes). Put an end to berating yourself for maintaining your assets on any crypto exchange. Try to let it go rather than allowing others who don't understand cryptocurrency to make you feel inferior about your cryptocurrency investment path.

[pawanjain]

I dont really have anyone to talk to.. I lost my USD that I had saved up .. I kept it on FTX.US.  If I tell anyone who isnt into crypto.. they say im a loser for trusting crypto.. if I tell anyone else they say im a loser for trusting ftx.

Throughout the whole thing(3 years) I have worked a super low end job.. 14$ an hour.. but the business needs me and I am fairly happy.. But I would like a way to make money... I tried alot of different things but nothing has worked.... I am a sincerely good person.. I have some skill in programming.. but people constantly try to take advantage of me.. and im afraid.  



 

I know it must be feeling tough but once the money is gone from your non-custodial wallet to any other address then you should consider it gone.
You must have known this before your invested in cryptocurrencies. If you didn't then again it is your mistake for not researching where you are putting at your money.
All you can do is start from scratch now. One learns from his own mistakes so take it as a lesson and do not be harsh on yourself.
You still have a long journey ahead. Start spending lesser and saving more. You have a decent job because $14 per hour is not so low as you think.
Even if you work just 8 hours a day you still get $112 per day while having so much leisure time left.
Start utilizing your time effectively because time is money. I am sure you will be able to cope up well.

[DeathAngel]

You're not a loser but you must learn self custody, how to take control of your own funds & not to leave them in control of any third party. Unfortunately that was your mistake with FTX, you're not the first & you won’t be the last person to do this though. What you do next is important, do you give up because you got rugged or do you learn from your mistakes? And just to add, FTX users definitely are victims.