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Author Topic: What was your lowest point financially? How did you go through it ?  (Read 1913 times)
Marcellin9 (OP)
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December 27, 2022, 08:11:20 AM
 #1


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 ?
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December 27, 2022, 08:29:56 AM
 #2

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.

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December 27, 2022, 08:56:36 AM
 #3


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 ?
Everyone may have experienced a difficult experience in their life differently, including me personally. But I try to get through it by working in a place that makes money even though the results are small, but as long as I can still use that income to eat every day, I will still survive and work there. And in general, I've never experienced anything more painful than what you experienced outside that country, so I'm just sad when I read your story that you wrote here.

Quote
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 have not experienced a more painful story like the one you are telling. Because I always try to find ways to continue to earn money when I'm dying in life, because I feel that no one wants to help me when I'm having a hard time so I just try to work hard to support myself until now. I hope that experience will make you stronger and I hope to never experience something like that in the future.

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December 27, 2022, 03:06:15 PM
 #4

Gladly until now I haven't suffer lowest point financial in my life, this because I'm not a huge risk taker and I always make sure I have a back up when I want to do a risky thing like gambling or invest in Bitcoin. However I'm not making a lot money too, because my financial quite steady due to my personality. Maybe there's will be an one point I will face it, but I'll make sure to learn every scam technique in order to prevent from it.

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sunsilk
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December 27, 2022, 03:17:53 PM
 #5

I think when I stopped in college and can no longer pay the tuition and can't even get a students loan. I am at that point of time that I went outside the church, sitted down and just cried and telling to the air that I still want to pursue my studies.

Well, it's also due to my recklessness when I was younger and that's why I have to come up to that point of life because I didn't became serious at first when we're living well not until, my parents financial status crashed.

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December 27, 2022, 03:20:42 PM
 #6

In most cases i do end up spending over beyond budget whenever am gambling because the more you're gambling the nore it requires fund for you to use in doing so, sometimes one got off beyond control of himself and enjoy gambling having fun even when much money is involved before realizing that alot had gone through the process, I've done this to the very last of my penny at hand before i then came into realization.
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December 27, 2022, 03:28:35 PM
 #7


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 remember back in 2018, I had like $200 worth of BTCs which I earned from campaign signatures and a good friend of mine introduced me to USI-Tech. He explained to me that my BTCs can earn as much as 60% of its value after six (6) months of investing on it, not knowing that it was a ponzi-scheme. I even attended a seminar in our country wherein the owners of USI-TECH discussed its plans and futures.

Fast-forward and after three (3) months, my whole BTC was scammed and I was left with nothing. Unfortunately, $200 in a third-world country is relatively huge and I had to do part-time jobs in order to recover such money.

R


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December 27, 2022, 03:42:26 PM
 #8

Got scammed by ICO sale. Literally that was first and last day of my life when I started ignoring every ICO sale that started coming up. Though it was not dead zone for me, I realised I have lost pretty big amount in the process of wanting quick profits. In fact it was ICO so it was not even quick Money but it was shit money and it was a shot worth nothing. That’s really sad one. Later, I started mining operation and it was real deal. Though I’m dipping as the market goes up and down all the time, however it’s still worth it and I’m getting up on my feet from every situation.
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December 27, 2022, 04:26:38 PM
 #9

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.

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December 27, 2022, 04:57:08 PM
 #10

When I quit my previous job, my financial situation was at its lowest, and my wife is the only person who earns a salary every month. The bitcoin price was also in a bad spot at the time, and then something unexpected happened to us. I was forced to sell all of my bitcoins, including the last of my mining rigs, because we needed a lot of money. Although it is regrettable, those bitcoins would have changed our lives, it also feels good that we were able to resolved the issue without incurring debt at the time.

MEGA

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December 27, 2022, 05:19:51 PM
 #11

The first time I worked. That's where the lowest and most difficult point in my finances. Maybe it will be a question because when working it should make money, but this is the opposite. lol.
This happened where I got caught up in associations that required me to be extravagant, and I was stupid at that time thinking that I still had a salary every month so it would be easy to handle my expenses. But the fact is not so, maybe at that time I didn't have the experience so I didn't think about what would happen when I adopted an extravagant life. I almost have financial difficulties every month, because of my bad habits.

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December 27, 2022, 07:32:11 PM
 #12

In most cases i do end up spending over beyond budget whenever am gambling because the more you're gambling the nore it requires fund for you to use in doing so, sometimes one got off beyond control of himself and enjoy gambling having fun even when much money is involved before realizing that alot had gone through the process, I've done this to the very last of my penny at hand before i then came into realization.
I think this is what I hear a lot from people I know. Yes they are addicted to gambling and have no limit to where they should stop gambling, I mean they forget that emotions that they cannot control make them unknowingly spend a lot of money on gambling. I think the root of the problem lies in self-control, because I also gamble, but I can still set limits and not exceed them so I can still manage my finances pretty well.
Maybe the difference is that I gamble just for fun, while those who have collapsed financially because of gambling because they expect too much of a big win from what they play.

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Cryptodebjoe
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December 27, 2022, 07:33:21 PM
 #13

I was newly married and my wife was pregnant, we had no bed to lay our head and we just moved in to a new city far from relatives meaning there was no backup plan.... We did the following
1. We cut down our budget
2. We found out our skills examples my wife could make hair so we made a small sign post...
3. We needed money to start up but interest rate was to high for loan... So we borrowed from our mum and paid gradually without cohesion
4. We invested in BTC and hodl for long term...
5. We started giving you the poor around us and also we stopped collecting money from our parents and started giving money to them, honestly I don't mean to be too spiritual but this is the last key that unlocked our fortunes... They prayed for us and blessed us.... Since then we have never gone back to lack....
Upgrade00
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December 27, 2022, 07:45:56 PM
 #14

I've had no remarkable low point in crypto which other users can learn from and would not want to share orivaet experiences outside this space.

But what has allowed me overcome situations I've found myself is always staying curious. Curious for ideas, solutions, suggestions etc. It's easy to feel defeated if things don't go as planned and throw in the towel, but by remaining curious, you would remain open to new opportunities. This of course is just one ingredient out of many which we need to acquire to achieve success.

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Leviathan.007
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December 27, 2022, 11:10:48 PM
 #15

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.

The interesting but sad thing is most people will face the same thing when they go all in for the shitcoins, mostly people leave the market with empty pockets that's good to see you didn't give up.
Talking about myself a few years ago I lost all the money I worked just in a few minutes because of a mistake I made while buying and transferring bitcoins, I remember I didn't even have enough money for buying cheap stuff, but after all those hard I could stand up and I got all I lose in a few months.

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uneng
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December 28, 2022, 12:13:43 AM
 #16

Actually, I've never been confortable with my financial life. I'm always trying to increase my income, to develop new income sources, to create and sell products, but it always seems it's never enough and I never succeed. There are goals I want to achieve, I want to purchase a property, to have an independent life, to have a degree and a profession, but all these things cost money, and the more time passes, the more concerned I become regards my future. I'm aware I'm not in a terrible situation, because there are people living harder times than me, but what most bothers me is that I feel my life just doesn't develop at all. The stagnant feeling for so long is even worse than a temporary poverty situation you overcome after a while.

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White pawn
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December 28, 2022, 12:39:29 AM
 #17

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  Wink

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December 28, 2022, 01:29:54 AM
Merited by The Sceptical Chymist (4)
 #18


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 ?
It is more challenging when you were ones financially stable and later face a downtime. Those that have been poor might not feel the pain of facing lack because they are used to poverty. My own case was the death of my well to do father. I was a teenager when I lost my dad and it put the family into total financial distress because medical bills drained my father's wealth. My mum was not financially stable so we had to stay for days sometimes without good food. We would survive on a cheap local snacks that only made us survive. I and my siblings would have to hawk vegetables and fruits in the streets of my area to assist my mother's petty trade. I had to sleep in classrooms when I was admitted in a college because I couldn't afford to pay for house or hostel rent.

What kept me going was the consciousnesses that the suffering wouldn't last forever. I had to get a dry-cleaning job where I manually washed and ironed cloths. I also was fortunate to befriend a girl that was wiling to help me. With my little income and her assistance, I graduated and got a job. Today, I look back at those days and I am grateful to God that I didn't give up. 

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December 28, 2022, 01:39:43 AM
 #19

Although I've experienced many ups and downs in my life, the most agonizing was back in 2017. My eth was stolen by hackers as a result of my ignorance of the cryptocurrency sector, particularly about asset protection, and I sold my coin early in 2018 even though it would now be worth millions of dollars. I might be enjoying my life right now if I had just been conscious of things back then.
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December 28, 2022, 02:40:05 AM
 #20

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.

and those lessons can be shared with anyone in here, and this little bit out of topic what online businesses you do right know? Im currently depends on signature campaign only. It pay my bills and only couple dollar left to spend Sad that's why I want to try something else

I think when I stopped in college and can no longer pay the tuition and can't even get a students loan. I am at that point of time that I went outside the church, sitted down and just cried and telling to the air that I still want to pursue my studies.

Well, it's also due to my recklessness when I was younger and that's why I have to come up to that point of life because I didn't became serious at first when we're living well not until, my parents financial status crashed.

So whats happen now are you still in college


damn I need to hear all your story guys.

anyway I will tell you mine but I'm still at the stage of recovery. I'm still living with my parent and my monthly cost is around 100$
this is not the lowest point of my life but still it happen recently. I got fired on my previous work when the covid 19 came. And then Im struggle find a new job I have been tried but still none i think it because I have lack of skill Sad and then i browse Bitcointalk and found a coin called Idena that basically pays you for resolving captcha after that I life monthly basis using money that i get from Idena.

After that I do bounty like I'm doing right know and there is a token called ETNA and I got paid around 1500$ that huge, especially for signature campaign. and I'm starting to look other alternatives the year is 2021 when crypto reach bullish, Im doing all in to some of private sale ventures and ICO and yes it give me a huge money till Crypto crash coming on Q1 2022. and that's is my fault I think investing in new project always give u a dozen profit but when there crypto winter like this all is vanished and nothing all my invested money turn into dust and here I am but like @mk4 this could be huge lesson for other

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