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Author Topic: How do feels losing money?  (Read 1350 times)
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April 14, 2023, 08:09:03 PM
 #41

yes of course even I'm sure almost everyone is like that, but it's up to ourselves to make this a lesson to be even better in the future.
if the mistakes that occur are turned into regrets that drag on then it won't change anything from that but somehow we have to be able to change that so we can get back up and take advantage.

At first, I knew Bitcoin was almost the same as you, I experienced a lot of losses when I didn't have knowledge and only had an obsession to multiply my money in Crypto trading but the losses I got so I finally learned a lot of things to change my situation and take profits again. of what I have lost.
I think almost everyone has experienced losses when trading, even though what they trade is Bitcoin. But everyone also doesn't need to be sorry for this if it happens because he himself doesn't have more knowledge. Because this can also be used as a lesson for themselves when they still want to get up and be even better than before. Regret will certainly be felt when you experience a loss, but too much regret is also very bad because it can also make a person's mental down.

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April 14, 2023, 08:09:53 PM
 #42

........
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
Of course, yes, and I think that it is normal. I felt so frustrated of being losing my money due to very too late taking profits and being too greedy until getting nothing. Additionally, the mistakes happened not only once. Losing money really hurt, this is not denying.
But, how long we will be frustrated after losing? this is the matter. If we continue to fall under these conditions and don't get up again with various lessons from this bitter experience, then that means we are losing more and more. Because frustrated will not return our money. The only way is to get up again, and make this a lesson, even though it's difficult but it has to be done. Not only that but moving on from feeling frustrated due to losing much money is something that must be done so that we can make a profit and at least be able to cover previous losses.

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April 14, 2023, 08:13:29 PM
 #43

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

It seems like you have lost something that is valuable to you, even though the value is not exactly the same, what is certain is that a feeling of disappointment and sadness will be present when you lose your money. maybe a feeling of disappointment will be present when you lose money where the money is very important for you to use, for example you will use the money to make payments in the form of transactions that you think are very important, and I think this is reasonable. but the feelings and point of view of a person seems to be different.
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April 14, 2023, 08:48:52 PM
 #44

I'm sorry for your loss. Unfortunately, there are plenty of fake or Ponzi-style so-called investment platforms offering great results in a short time period. Shit happens, but you learned your lesson and you'll be more cautious next time. More or less, it has happened to all of us. It's completely understandable to blame yourself, but try not to stress about it too much; it'll drain you. I've also lost money on Luna, UST to be exact, through stablecoin staking, and I've also messed up multiple times when trading or selling Bitcoin too early. If I sum up all the mistakes and money that I could have made now, I'll go insane.

 
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April 14, 2023, 09:30:26 PM
 #45


I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

Nobody feels good when they lose money especially when the amount involve is huge. It is normal that you feel bad and if you happen to be scammed, it is more difficult to get over. In your case, it appears you invested in a ponzi . Always be suspicious when the business you plan to invest in is promising mouth watering benefit than usual. There are different of such kind of business that people are expressing regret. Also when you are investing in cryptocurrency, don't focus on cheap price but go for coins that have been successful over the years like bitcoin.

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April 14, 2023, 10:50:24 PM
 #46

Everyone feels down at such circumstances. We've come across lots and lots of similar investment schemes around the world. To profit out of these schemes we should know how to convince people and join under you. I'm not sure about the business in which OP have invested. Most of the business happening around these days were the pyramid scheme. The top management will earn and runs away. Take it a learning, atleast then onwards have better understanding and invest than thinking of the profit promised out of the business.

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April 14, 2023, 10:56:25 PM
 #47

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

This is why we need to do our own research when we are investing in a business proposition.  Trusting a friend is not enough when it comes to financial transactions.  It even causes a rift in the relationship between the two people.  So it is wise to do a separate research and not just jump into investment because of the trust involved.  Often than not, those whom we trusted often breaks our trust and exploit us for many things.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

I have experience investing in my friend's business, the business is thriving and yet he did not give me the promised shares from profit.  Until I got enough and asked him to refund my investment.  I even asked him to pay in installments for a year or two until my money is back but instead of replying back, he put me on ignore.  Grin.  Though it is frustrating I decided to think of it as a loss and move on.

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April 14, 2023, 10:58:42 PM
 #48

When you lose money, it's important not to get discouraged or depressed for too long. After all, if you're in that state, you can't start over (and you should). You need to learn lessons, to realize that you paid for something bad that could have happened to you if you had kept the money.
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April 14, 2023, 11:11:05 PM
 #49

The feeling depends on how money is spent.  If I lose money due to negligence then I would feel regrettable.  If I lose money because I trusted it to someone for investment then I feel dumb and remorseful that I should have spent that money for my family instead due to greed I wasted it to some scam company.

Anyway, every bad experience should be a lesson for us, we should not dwell on it but instead learn from it and move on.  I do experience the same thing @OP stated but I just shrugged it of, laugh and move on.  Part of the mistake is from me anyway so blaming other people because of our greed is the last thing to do.  Learn and move on no matter how we hurt from the experience.
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April 14, 2023, 11:20:13 PM
 #50

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
When you are trying yourself to get involved on things which do pertains about investment then it would really be that needing that extreme and indepth research. Would you mind on telling on what kind of business that you've been dealing with? If not then its just fine. We know that investments doesnt really always end up to be profitable specially on local or physical investment.
When losing money then human beings do shares a common reaction which you would really be that angry,regret,disappointment and whatsoever
correlating to this which it would be normal.Therefore, these things would be the learning steps for us to be wise on next time.

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April 14, 2023, 11:59:35 PM
 #51

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
After reading your statements, it does not look like a business because in business you just do not give your money to others to manipulate it to get returns for you. In business, you are the one that controls it at first and when you grew you hire other people to do work for you. What I think is, you just invested your money in a company that promised you to return higher money with profits in less time and you fell for it (no offense just stating facts).

I can understand your feelings to some extent because recently a company in my country known as "IDA" which promises to return high profits on small investments, it's like a pyramid scheme in which you have to bring more people in and make them invest more money from which you will earn a little commission and boom you can become a millionaire over days.

Now this company is gone, it's like the event of the previous week, many peoples in my society fell for it and invested there hell a lot of money in it, One thing that I do not understand about my fellow citizens that why they always fell for these schemes because they also fell for the same scheme with same mechanisms back in Covid.

Actually, only a few people get benefits out of these schemes and the ones like you at the end of their campaign are left behind with no profits. Overall, i never felt for these opportunities, whenever i found one i do not even listen to them because i know how it will end for me and for my family. Because once you heard the scheme your heart will force you to invest money and you will also think about what could go wrong even if i lost your money while i have other opportunities that i can avail with that money. So, i go for them.

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April 15, 2023, 01:07:55 AM
 #52

One more thing to remember is that profit is not the only thing that matters in life. I went to the doctor recently and learned about a scary thing, I am going to live and survive thankfully but I will have to be more careful from now on, I can't live life like I used to. Which allowed me to understand many things, like not be upset anymore. If I see something that upsets me, if I can avoid it then I do, like I used to hang around in twitter and that pissed me off so much, not going into twitter anymore, nor about trading upsets neither. I just ignore them, it doesn't matter, life is much more valuable than a trading loss, that comes and goes, life is singular and you have just one shot at it, and I do not want to spend any of it being upset if I can.

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April 15, 2023, 02:24:38 AM
 #53

yes of course even I'm sure almost everyone is like that, but it's up to ourselves to make this a lesson to be even better in the future.
if the mistakes that occur are turned into regrets that drag on then it won't change anything from that but somehow we have to be able to change that so we can get back up and take advantage.

At first, I knew Bitcoin was almost the same as you, I experienced a lot of losses when I didn't have knowledge and only had an obsession to multiply my money in Crypto trading but the losses I got so I finally learned a lot of things to change my situation and take profits again. of what I have lost.
I think almost everyone has experienced losses when trading, even though what they trade is Bitcoin. But everyone also doesn't need to be sorry for this if it happens because he himself doesn't have more knowledge. Because this can also be used as a lesson for themselves when they still want to get up and be even better than before. Regret will certainly be felt when you experience a loss, but too much regret is also very bad because it can also make a person's mental down.

Not just with trading, I'm pretty sure 99.99% of investors in crypto have experienced a loss. Apart from the early adopters of Bitcoin who bought it and forgot about it for years are probably the only ones who didn't lose. For the rest, those who enter this market for profit will suffer losses a few times, and this is entirely normal. As a newbie, we will not be able to avoid the temptation of huge profits from scam projects and trading...No one succeeds the first time, we need lessons, experiences...and to get those things, we have to pay the price for it.

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April 15, 2023, 03:48:46 AM
 #54

Greed leads to loss of money is a very normal thing, you should accept the truth because of your greed. No one likes to lose money, but that's life, it's never what we expect. Sometimes it will be a good thing because, in the end, it helps you realize bitcoin is the only investment you should be in. Stay away from the so-called high returns or get rich quick from such projects.

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April 15, 2023, 04:00:48 AM
 #55


I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

Nobody feels good when they lose money especially when the amount involve is huge. It is normal that you feel bad and if you happen to be scammed, it is more difficult to get over. In your case, it appears you invested in a ponzi . Always be suspicious when the business you plan to invest in is promising mouth watering benefit than usual. There are different of such kind of business that people are expressing regret. Also when you are investing in cryptocurrency, don't focus on cheap price but go for coins that have been successful over the years like bitcoin.
yeah that's right. Everyone will certainly experience sadness and regret that is quite heavy when they have to lose money due to being deceived or because of other things. But we must take lessons from the events that have occurred. so be more careful in the future. and we also need to study the types of fraud that are frequent these days. Ponzi schemes and pyramid schemes are types of fraud that have been trending for a long time. but unfortunately there are still many who are deceived by this type of fraud. This happens due to the lack of knowledge and education about it.

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April 15, 2023, 04:15:14 AM
 #56

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

Losing money is a very suffocating thing, a business offer that looks very promising will be a scam, and since I got to know bitcoin I have been scammed several times or lost money, the last one was a year ago because the metamask on google chrome was hacked and made assets that I save lost and make me very regret.



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April 15, 2023, 04:15:43 AM
 #57

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

Losing something feels always bad. I lost my glasses and my other accessories few times and it felt like hell. Losing money hurts too. That's why I always make a trade when I am sure that I am not going to lose any money on that trade. The profits will be less because I am not taking much risk but I won't be losing my principle neither. I use this strategy on every deal I make, not only trading. Buying real estate, investing in alts, stocks, bonds... I always ask this question: "I am doing this but how much I can lose if something or anything goes bad?" Then I figure out if I should do it.

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April 15, 2023, 04:36:55 AM
 #58

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far.
This is a sad story, so sorry about this. Apparently, it seems the OP and their friend didn't pay attention to details- there is obviously several tactics1 used by Ponzi schemes to pick their victims. They are purely psychological and you wouldn't know until you can't recover your initial deposit.

Trick 1 - Phantom Riches: We will make you become a millionaire and multimillionaire in 3 months and we will fly you to the best resort in Dubai for vacation with senior members - so they say.

Trick 2 - The “Source Credibility” Tactic: You will see famous people and celebrities promoting it and then you think to yourself it this scheme is legit because this public figure has endorsed it.

Trick 3 - The “Social Consensus” Tactic: They'll tell you that every other person has invested in it, you are the only one left. And because you do not want to be left out from making the millions, you are psychologically pressured to invest your hard earned money into it.

Trick 4 - The “Reciprocity” Tactic: They already know that it will be difficult for you to put in all your money at once into the scheme so they cut you a deal and tell you they are giving so -so percent of to make it easy for. And you know what? You think it is the best deal, you grab it while it lasts.

Trick 5 - The “Scarcity” Tactic: It follows from the previous trick. They go on to tell you that it discount will expire in the next 24hours and that it is limited or that after it, it will go back to the full price and because you don't want to miss out, you fall for the trick.

Be wise people. Use your head.

1. https://www.robertdmitchell.com/ponzi-schemes

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April 15, 2023, 04:56:15 AM
 #59

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

I just shake it off and move on because life continues, we don't have to regret any decisions we take. We just have to be a man or woman and move on because life itself is a risk so we have to keep on taking risk until we have gotten the life we deserve for ourselves. Without investing we can't achieve financial freedom and that's what we all deserve in this life.

One thing I do from this kind of experiment that involves me losing money is to learn from that experience so I can make better decisions when I want to try same kind of business or similar businesses in the future. I understand that there's no investors who hasn't lost money so I don't let it bother me much.

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April 15, 2023, 05:14:34 AM
Merited by The Sceptical Chymist (3)
 #60

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
I don't think anyone would not feel down when met with such circumstances. It's also why it's advised to only invest what you can actually afford to lose. It's usually hard at the start, especially if you consider it's the first time you lost money due to someone else scamming you, but as you invest more, regardless of the reason for the investment dropping out (being scammed/business just fell down due to being bad), you'd be able to get over it faster. The feeling of being down is still there (and would always be there imo), but you'd be able to recover faster and would instead start planning more ahead and looking at what mistakes you made so that you don't do them again.

Well that's in cases where you have a strong mind though, if you don't, I'd honestly take a break for a month maybe and clear your mind.

 
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