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Author Topic: Which project/token inflicted your biggest loss?  (Read 159 times)
muncuss
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February 19, 2024, 02:32:10 PM
Last edit: February 19, 2024, 10:07:46 PM by muncuss
 #21

I experienced "double dead" here when FTX & Terra Luna collapsed.
In despite of that, I moved forward and then strived more hard to get back those losses by trading, investing, and hunting hidden gems.

I am still hoping for an FTX Exchange refund like what most people do.
Man may you have better luck. Last time i heard about the refund, they said they will do but it will be based when btc price was 18k as it is the price when their exchange collapsed

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February 19, 2024, 05:11:17 PM
 #22

It was with DOGE to be honest. I was one of the investors who became unrealistic and greedy for a moment that time before its market price drastically fell, in a short period of time. Same reason why I never engaged that much with meme tokens after the incident. Fortunately, I managed to hold up until now and now quite closing the gap between the loss. Just turned out to be a lesson; an expensive one. It was my fault not setting a stoploss because I overlooked at the market behavior before. Meme tokens are a good option still, if you know how to ride with the 'wave' on its market prices. I haven't make use that much of the resources such as communities of tgar token, which is an important aspect to at least lessen the chances for a huge loss.

This was just the biggest but with other coins and projects, I am also prone with loss; we all do. I experienced engaging with scam projects, dead coins, and the likes and those are just part of the process, I guess. So far I became more meticulous with the coins I am being interested with and profit comes more than loss. Especially at this point wherein bullmarket is anticipated. This is the right time to accumulate decent amounts and wait for prices to soar. But still, manage the expectations 'coz nothing will be earned easily.

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JeromeTash
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February 21, 2024, 09:35:44 PM
 #23

Ayyy pundix fellow here.
You know that coin isn't a shitcoin like at all. It has a genuine real world product which most crypto don't have. I guess you just unlucky to bought it at the top. i think many people who invest when the market in its peak also have this problem.
In fact i plan to include them in my portfolio
They had a very good working product, but the amateurish team lost their way when they raised a lot of money during the ICO. They had no damn good idea on how to handle the project and propel it forward. Eventually they started doing some common things like token split and then creating another completely different token FunctionX, to raise more money. Fuck, i don't know what its purpose was to the project by that time, as I had completely given up on it.

The tokens dumped so hard and the volumes were so low that Binance even delisted some of their trading pairs.

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February 21, 2024, 10:28:36 PM
 #24

I have only had 2 coins in my life that i can remember that crashed to zero when i was sleepting. Both happened when i started this cryptocurrency journey, and back then i didn't luckily have too much money on them. Even with biggest rug pulls i experienced, i either managed to cash out my initial investments when i sold them while it mooned, or managed to trade swings when it crashed.

So in theory while i lost lot of profits in in monetary value, and those were technically my biggest monetary losses, but i consider it as imaginary money, because i didn't sell in time. So when i make more money then i put in, but lose more in profits, does easy come, easy go even count?

Coins where i lost significant amount of my investments were Decent, Rise and Deep Brain. I am not surprised if you haven't heard from them. Decent even seemed like a real project, but it just faded away and no one needed it. Deep brain, which i DCA:d because at the time i had money for it, and thought it would go back up. Because at the time everything was bouncing back. It was an early AI project, during ico frenzy, and back then no one seemed to question if it was needed. Blockchain + ai was enough. That reminds me of current AI trend.
Third one was "Rise vision" That was a special kind of travesty. It was more money laundering operation than a coin.

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xeqoRameshAxueamExaqana
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February 21, 2024, 10:54:30 PM
 #25

I last bought an ico coin that was promoted through a bounty campaign on bitcointalk 2017. after that, I rarely buy ico coins. even if I buy it through binance's launchpad. in the 2017 era, every ico must be successful and even if it enters the market, its price has skyrocketed, it is definitely profitable.









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muncuss
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February 21, 2024, 11:44:04 PM
 #26

Ayyy pundix fellow here.
You know that coin isn't a shitcoin like at all. It has a genuine real world product which most crypto don't have. I guess you just unlucky to bought it at the top. i think many people who invest when the market in its peak also have this problem.
In fact i plan to include them in my portfolio
They had a very good working product, but the amateurish team lost their way when they raised a lot of money during the ICO. They had no damn good idea on how to handle the project and propel it forward. Eventually they started doing some common things like token split and then creating another completely different token FunctionX, to raise more money. Fuck, i don't know what its purpose was to the project by that time, as I had completely given up on it.

The tokens dumped so hard and the volumes were so low that Binance even delisted some of their trading pairs.
🤣 Yeah i don't know what they did, it was a mess.

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February 21, 2024, 11:49:57 PM
 #27

I can't remember them but they're like a bunch of $ 100s because that's how I invested before with many altcoins. I've learned from the experience there and I am not doing it again. I am allotting time first into research and as I suggest everyone to DYOR especially the newbies. I'm also applying that to myself. So I am putting where my mouth is and has always been remembering the mistake that I did and those altcoins that I invested a lot and diversified a lot taught me a lot of valuable lessons.



 

 

 

 

 

 


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