What was your lowest point financially? How did you go through it ?

[dothebeats]

It was almost a decade ago when I was still studying. Luckily, I got in on a scholarship which paid 100% of my tuition. Even though everything about my studies are already paid for, I still need to work for my family who's relying on me. It came to a point where I need to be up 22 hours a day in order to study and take two jobs to help pay for my siblings' tuition fees. Was almost at the point of giving up and calling it quits when bitcoin came and signature campaigns that pay well opened its doors to me. IIRC, after taking that shift off of a restaurant as a dishwasher, I'd immediately get my phone and start reading and posting here in the forum. I relied heavily on that for a year and a half then I graduated and applied for a job that pays well for a fresh graduate. Took the time off posting in the forum and just read and participated in a lot of altcoin announcements and pump and dumps when I got the capital to start. Everything boomed in 2017 and that's how I established my printing business that gave me the most money I've had in my life until I had to close it in 2020 due to the pandemic.

Looking back, it was a wild ride. I was so close into just giving up my studies and just living for myself and abandoning my family but I'm so glad I didn't. Now, I have 2 businesses, both focusing on prints and it's paying well aside from my job in the lab. This forum and bitcoin also helped me greatly as it extended my finances whenever I need it. I think I got around 2-3 bitcoins just from forum posting alone from 2014 - 2016. Kinda kicking myself that I sold those but I wouldn't be here if it weren't for those gigs in this forum.

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[goinmerry]

During the considered lowest point of experiencing financial-related problems, I just go with the flow and do my best not to get distracted by anything even how hard it is. There are lots of times that I feel helpless but for some reason, some useful ways are coming to me unexpectedly and what I need to do is to take advantage of them.

Fortunately, with the spending effort and seriousness to survive the problem, somehow I managed to rise.

That experience will really make us a better person in the future as from there, we will try everything not to end up like that again.

[South Park]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

In my case this happened more than a decade ago when out of nowhere the company at which I was working went bankrupt and I lost my job, I had some savings however the economy was not doing well at the time and it took me six months to get a new job, so for all of that time I had to be very careful with my spending and I was very close to go in the red, and while those were difficult times at the same time they taught me a lot and allowed me to put myself in the economic position I enjoy now.

[rahmad2nd]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

My lowest point was when the crypto market crashed. yes, there are many losses that I experienced with the shitcoin that I invested before. that's why, I'm not interested in any other coins besides Bitcoin, ETH or BNB. However, fortunately I already have other assets that I got from profits when the market went up in 2017. I allocated most of my profits to invest to buy a few hectares of land.

note: in my country, the price of a piece of land is quite cheap. so, I can buy it with profit from BTC and ETH investment.

Post-covid, everything collapsed, as well as market turmoil with its downward trend. this makes us suffer, jobs are lost, income is not there. fortunately, I still believe and try with the skills I have. slowly but surely, gradually i have a job back. and lucky me, the land that I bought in 2017 from the profits of crypto investment, is now part of a government project. and its current price, increased by 8-10 times.

Basically, everyone must have had a story and a lowest point in their life. some are able to get back up, but many are getting worse. I just want to say, believe in yourself that you are able to get through all the obstacles that exist. with determination and hard work, there is always a way to lead to a better life.

by the way, we have an old saying. there are many roads to Rome, to make it happen you have to try and be willing to work hard.

[jaberwock]

My lowest point financially was back in the last four months of 2019(September-December). I lost my job and I didn't have any side income.
My savings were down to around 1500 USD and I was spending them for food and paying the bills. I wasn't starving or homeless, but it sucked.
I got a job in January 2020 and I also joined the Bestchange sig campaign back then. I accumulated more Bitcoins and the BTC started growing later on. I wasn't that financially desperate back then and I really hope that I won't get into a worse financial situation in the future.
The future is going to suck. Inflation is high and the costs of heating during the winter increased more than 200% in my country.

What job did you lost? Real job outside or a signature campaign? I ask because your account was registered on 2015. If you have a job outside, you can always use your account in the forum to look for a sideline to earn an extra income. You can then use it as savings or just keep the BTC as a form of investment.

We won't get into a worse financial situation if only we are prepared financially. I can see that you are also living in a cold area but what if you can run a crypto-mining business? I can say this because a good number of miners can release an extreme heat. It has a double purpose this way so there is no need for you to use heaters.

[Vaculin]

Went almost 100% on a shitcoin in 2016 that caused me to basically start over. Bounced back in 2017 by creating online businesses and went high allocation on bitcoin.

While I would've been in a far better place today if I didn't mess up in 2016 (still haunts me a bit, not gonna lie), there's nothing for me to do than to accept that huge loss as an expensive lesson and just move on.

I guess you are not alone that time as most of us here has also fail into shitcoins and lose our funds. That made me realized that there’s always less chances to secure profits when we put more allocation to shitcoins more than bitcoin. That is why I have learned from then on to focus more on bitcoin more than any other coins in the market. And I’m thankful for that since I was able to recover my previous losses slowly, and I swear there’s no place for shitcoins anymore in my portfolio.

[Hamphser]

Went almost 100% on a shitcoin in 2016 that caused me to basically start over. Bounced back in 2017 by creating online businesses and went high allocation on bitcoin.

While I would've been in a far better place today if I didn't mess up in 2016 (still haunts me a bit, not gonna lie), there's nothing for me to do than to accept that huge loss as an expensive lesson and just move on.

Same situation which i do have lots of coins in my bag today and those coins are mostly on 2016 and been mainly focusing on that point considering into those ICO days where really that on main trend which it

cant really be denied that lots of people do make out huge money out of those altcoin pumps back into those years or on the time where the market is making up some bull run.I have stick into that kind of mindset
where the more the altcoins you do hold off the more chance for you to make huge money.Until the time comes where everything is going to the floor and most of them are already dead which is really that
devastating and something you cant just easily moved on, if you do mind off that what if those money had been secured and pull off then you arent living on the current you as of this moment.
I might really be that have lots of funds but ending up on a bubble pop. 

[bayu7adi]

~ ..... most of us here has also fail into shitcoins and lose our funds.

Actually no, there are a lot of smart people here and not much trapped in stupid things like shitcoins. If you know it's a high volatility coin, your money management skills should recognize that you don't have to put everything in such a coin. The reasonable limit for spending money on coins with bad fundamentals should be very low, maybe only 1%-5% of your total assets.

This forum is full of wise people and also smart people. I am one of those people who have bought shitcoins , but I don't buy it in large quantities. We all know, that investing just a little bit in shitcoins, will bring 10x to 100x or even 0x profit with bigger possibility.

[Frankolala]

I could remember way back,my mom and elder sister made me got devastated, I had to leave the house to the street with nothing on me or any means of getting a way to survive on the street but I just need to leave them alone,so that they should know that without the family,I will survive. I went to the international airport sometimes in the evening to do some illegal jobs,which if I got caught by the Federal Airport Authority of Nigeria security,I will be sent to jail because am not a working in the airport. For the reason, I go there once in a while.

I do sleep in an uncompleted church at nights, and in the morning I will be on the street, men I was so broke that I had nothing to hope on,the friend I put my hope on to stay in his apartment, disappointed me, when he saw my critical situation. While I was on the street one day,I met an old friend who knows that I don't live in that area and when he saw how I was looking unkept,he sensed it that something is wrong, he asked me and I told him how I left the house,immediately he took me to his house and from that day,we both go to his business, eat together and many more. I became somebody again through his kind gesture towards me.

[Inwestour]

I guess you are not alone that time as most of us here has also fail into shitcoins and lose our funds. That made me realized that there’s always less chances to secure profits when we put more allocation to shitcoins more than bitcoin. That is why I have learned from then on to focus more on bitcoin more than any other coins in the market. And I’m thankful for that since I was able to recover my previous losses slowly, and I swear there’s no place for shitcoins anymore in my portfolio.

Yep, probably everyone has such a story, but this is what gives us experience, because who once lost everything because of shitcoins will never want to repeat it again. Why put your funds at risk when you can buy bitcoin and sleep peacefully. When you look at altcoins, it seems that they can give a lot of profit in a shorter time, but in fact it is also a big risk when we can lose money just as quickly.

Someone may say that bitcoin is a slower way, I don’t know if this is true, but at the same time it is a more reliable investment. We don't have to worry about it being scammed or delisted from some exchange, and for shitcoins, this is a very real prospect that will cause the price to drop.

[fuguebtc]

~ ..... most of us here has also fail into shitcoins and lose our funds.

Actually no, there are a lot of smart people here and not much trapped in stupid things like shitcoins. If you know it's a high volatility coin, your money management skills should recognize that you don't have to put everything in such a coin. The reasonable limit for spending money on coins with bad fundamentals should be very low, maybe only 1%-5% of your total assets.

This forum is full of wise people and also smart people. I am one of those people who have bought shitcoins , but I don't buy it in large quantities. We all know, that investing just a little bit in shitcoins, will bring 10x to 100x or even 0x profit with bigger possibility.

Intelligent people don't mean don't invest in shitcoin, 2016 and 2017 is the golden age of shicoin and Ponzi projects, and if you want to make money, then it's normal for you to invest in shitcoin. I had memorable experiences at that time, I got a lot of profit from investing in them but since I am a newbie and can't understand how the market works, and when it crashed, I lost everything. Those are regrets, but I don't regret much because, at that time I was still a newbie and needed lessons to grow up.

[Dr.Bitcoin_Strange]

Especially when it comes to finanical difficulties ? How did you survive ?

2020 was a very bad year that almost took my life, but I later realized that my experience back then only added to my autobiography.

At first, COVID-19 sucked up all my finances, and I had to steadily call relatives to send money for me to feed because I was leaving in a different city from them. lately that year, I received a grant fund, but i lost it all to a forex company that had been paying investors 25% every month, but after I invested, the company crashed and all investors' funds were lost including mine. That money was my last hope of survival for 2021, but it was gone. I'm glad I made it through 2021 and started my business in 2022.

~snip~

I feel sorry for your experience, friend, but I'm glad you sailed through it and it became history. Life has its ups and downs, and experience is the best teacher. Others can learn from your experience. 

[dansus021]

~SNIP~

So what happen now after meet with your friend, are u still u friend? and what happen to your mother and sister.

My lowest point was when the crypto market crashed. yes, there are many losses that I experienced with the shitcoin that I invested before. that's why, I'm not interested in any other coins besides Bitcoin, ETH or BNB. However, fortunately I already have other assets that I got from profits when the market went up in 2017. I allocated most of my profits to invest to buy a few hectares of land.

note: in my country, the price of a piece of land is quite cheap. so, I can buy it with profit from BTC and ETH investment.

Post-covid, everything collapsed, as well as market turmoil with its downward trend. this makes us suffer, jobs are lost, income is not there. fortunately, I still believe and try with the skills I have. slowly but surely, gradually i have a job back. and lucky me, the land that I bought in 2017 from the profits of crypto investment, is now part of a government project. and its current price, increased by 8-10 times.

Well i think most of it hit very hard when crypto bearish come. anyway, what country do you live in? here in my country the land price kinda cheap if you buy it with dollar.

You are pretty smart buy piece of land, what i do is total wrong all in on crypto

[Findingnemo]

My whole life was a complete Roller coaster and I saw both extremes even before my mid 20s. As far as I know the worst ever financial situation is just left with 1000 dollars and that's all I had after my business completely broke but luckily I paid debt with gold and other assets.

Then started working on different levels from $400 per month to $5000 in a day now just enjoying my life and I hope I won't see a downtrend atleast in the near future.

Working and earning $5000 daily. While I would not want to cast any doubt on your earnings as it is none of my business, I must admit it is hard to believe. But nevertheless, you would obviously be enjoying your life earning $5000 a day. Who wouldn’t?
I do hope you don’t spend all your $5000 in one place 

Yes! It may look hard to be real but sometimes the life will give unexpected chances so all we need to do is utilizes it properly but now I am not earning $5000 everyday but surely enough to live better life style and also can take care of my family as single individual for years now.

And also I am saving and investing for future as well as any emergency situations so I don't be stranded when the rough phase comes at me hard next time.

[xSkylarx]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

In my case this happened more than a decade ago when out of nowhere the company at which I was working went bankrupt and I lost my job, I had some savings however the economy was not doing well at the time and it took me six months to get a new job, so for all of that time I had to be very careful with my spending and I was very close to go in the red, and while those were difficult times at the same time they taught me a lot and allowed me to put myself in the economic position I enjoy now.

Everything really has a reason; this was also experienced by a lot of people when COVID hit since most businesses and companies were firing people just to cut their expenses, and I was one of them who got lost my job. But again, you'll learn valuable lessons when you are in a very difficult situation, and that is really the time when you can see who your true friends are. But, as they say, if one door closes, another will open, and I'm glad that when the other door opened, I was able to find a better job than my previous one. So I am happy about it, and I've also learned a lot.

[nidacoinlove]

Went almost 100% on a shitcoin in 2016 that caused me to basically start over. Bounced back in 2017 by creating online businesses and went high allocation on bitcoin.

While I would've been in a far better place today if I didn't mess up in 2016 (still haunts me a bit, not gonna lie), there's nothing for me to do than to accept that huge loss as an expensive lesson and just move on.

yeah moving on is a much better option, things never remain the same forever. It matters you a lot if one learns a lesson from the past experience. I personally have been through such a bad phase twice in my life, once when I invested in a shitcoin. The other time I invested in a coin comparatively stable but the market crashed and I am still hodling it since 2020. It still has a negligible impact on my lifestyle.

[tjtonmoy]

Patience is the key, this is what I have learned from my experience. I have faced something like this few years back. My mom died and then my dad left me when I was 7 months old, and my grandparents raised me. I have faced a hard life from the beginning. Despite that, I used to find joy in everything.
At the age of 18, I left the house. I was searching for a job. I attended some job interview. And was rejected for not having enough experience. I still remember how I used to wait 5/6 hours on the line just to get rejected.
Then got into a job luckily. Made some money and invested some on crypto. I still thank my friend who taught me about crypto. Now I live in a rented place and Alhamdulillah. I can afford to do it easily. Now I run a business and life is good. 

To those who are feeling down and can't be able to find motivation to stay alive (I tried to commit suicide once because of lack of money). Listen here man. God has planned a life for you, don't end it. You'll find the best moments in your life to enjoy one day, if you are patience.

[teosanru]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

I think during the previous bear run, when Bitcoin went to the lows of 3000$ and was not anywhere near to returning back to it's normal. I was screwed, i had invested heavily into shitcoins and they were dipping even further than bitcoin. Also I was a student who was not earning anything except from bitcoin, so i was completely duped at that time but eventually market picked up in sometime I got some return of my investment which I ploughed into better coins and got great returns.

[Hamphser]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

When it comes to that extreme difficulties or into those times which i do really get depressed that much is into that particular moment where i was making myself tolerating my greed into that extreme level or

simply i want really more profits and that was on the time that i do have some altcoins and pumped up into that extreme level which if those money had been converted to my local fiat then i have might
able to buy some car and build my own house and having that business which i do let all those things slipped because i have decided to wait up even more and believing that i could make more money
but that wasnt the case happened but rather the opposite which until now im still that having that anger and frustration if ever i do remember it but well there's no way that you could change things back in the past.

[Marcellin9]

Patience is the key, this is what I have learned from my experience. I have faced something like this few years back. My mom died and then my dad left me when I was 7 months old, and my grandparents raised me. I have faced a hard life from the beginning. Despite that, I used to find joy in everything.
At the age of 18, I left the house. I was searching for a job. I attended some job interview. And was rejected for not having enough experience. I still remember how I used to wait 5/6 hours on the line just to get rejected.
Then got into a job luckily. Made some money and invested some on crypto. I still thank my friend who taught me about crypto. Now I live in a rented place and Alhamdulillah. I can afford to do it easily. Now I run a business and life is good. 

To those who are feeling down and can't be able to find motivation to stay alive (I tried to commit suicide once because of lack of money). Listen here man. God has planned a life for you, don't end it. You'll find the best moments in your life to enjoy one day, if you are patience.

Thanks for sharing your inspiring life story. I am sure you are giving so much courage and strength to those who are going downward in their life. I did not believe "Life is good" when I was young but as time goes by, I am becoming such a believer as life proves to be better than we thought if we hang on, work hard and never give up. Looking back, I don't have much complaints cause life has given me so much. I am grateful for having everything in life.