Don't be scared to start all-over

[Strawbs21]

I once lost everything to greed, anxiety and uncertainty. My crypto journey began sometime around 2020, back then I was very optimistic and ready to jump into any investment opportunity that comes my way. In 2021 I got my first surprise.

What happened was i entertained a complete stranger on my telegram channel. The fellow first got me to trust her and in the process introduced me to a scheme. The tone of assurance was so strong that I fell for it.

Funny enough the tried to get my full trust by giving me rewards every day for staking my coin on their mining platform. And after two weeks I woke up to see my wallet has been cleared. Both the rewards and my personal coin all gone

It drained me and kept me low for quite a long period. I didn't know where to start from and I was even confused on how to explain this to someone else. It took me a long time to put myself back together.

Then in 2024 I tried building back. It wasn't easy from the start but I kept up with consistency. Although I don't have as much as I had back in 2020 but I am glad I am able to stay committed no matter how small the growth seems.

My point here is that starting all-over is better than staying off completely. It's better to have slow growth than to take no action at all

Thank you for sharing your experience. I know it takes courage to accept that you were taken advantage of. A lot of people would have walked away for good after a loss like that, hence you choose to learn and rebuild, that is resilience on your part.
Sometimes the hardest lessons are the ones that save us later.  Wishing you strength, always be vigilant and mindful, and a safer moves in 2026 and beyond!
Hope all of us learn from your story.

[Kavelj22]

More funny is that this classic method is still applicable nowadays and victims still fall with the cloud mining concept of scam. I wouldn't blame you as newbie who doesn't know about mining real process, but I can blame you for not doing researches. Back to 2020, there were a giant documentation explaining how cloud mining is an illusion that could never be something but a scam.

I think the OP perfectly explains why he didn’t do that research, he was greedy and that’s all what it takes for any scammer to have their way to get into the head of their potential victim, no matter the amount of research they do that greed will most definitely cloud their emotions, it’s one of the biggest weapons or asset that a scammer has. If he wasn’t greedy even without doing those research he would have found out that the whole thing was scammed or would have been sacred to actually trust anyone from the social media.

First point of falling victim of anything is the greedy zeal of the victim to make money quick and that’s why the scammers usually capitalize on. That’s why even very old tricks still do work up till today. Sadly OP learnt and started over which might have helped in this journey.

We define it to be "greediness" because the person isn't interested to make enough researches before sending the first deposit. But there is no problem to being eager collecting money from different resources with taking into considerations all potential risks. With the case in OP, most probably he was convinced by fake positive reviews published elsewhere. I remember a lot of cloud mining services been shilled everywhere including here in bitcointalk forum. A little bit naive person can easily adopt the concept and even defend it. I remember how much hard at that time to discuss about the cloud mining concept being a scam.

[Fiasem20]

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

It’s very hard for most people to put themselves together and start all over again,but no matter what after learning the hard way it’s crucial for one to start all over again in a right way if they wish.Just like I said most people still find it difficult to give their trust to a space that once scammed them in the past.Don’t you think there’s an advantage of learning the hard way?now that you’ve realized that you shouldn’t trust a random person on the internet,you would just stick to your holding without seeking validation from a total stranger on the internet.There’s no harm in starting over but it would be better if you’re cautious and updated in the crypto space.

[Abu-Naim]

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

Mistake is part of every journey, and no one will avoid it completely especially in the early stages no matter how cautious you can be, but the interesting part is that the mistakes can be your strong motivation and will teach a very big lesson that will make you to be more cautious than you used to be.

Sorry for your losses, but in crypto, you can’t avoid all these sort of scams especially if you don’t have good knowledge and if you lack proper orientation about. Telegram is a home for scammers in crypto, they will always offer you an offer on a scheme that is too good to be tagged as scam in your analog mind, if you fall victim, they will then wipe your wallets after have all the accurate information needed by them; therefore, we need to avoid chatting strangers on telegram.

[Juicyhome]

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

It’s very hard for most people to put themselves together and start all over again,but no matter what after learning the hard way it’s crucial for one to start all over again in a right way if they wish.Just like I said most people still find it difficult to give their trust to a space that once scammed them in the past.Don’t you think there’s an advantage of learning the hard way?now that you’ve realized that you shouldn’t trust a random person on the internet,you would just stick to your holding without seeking validation from a total stranger on the internet.There’s no harm in starting over but it would be better if you’re cautious and updated in the crypto space.

No man should stay down no matter the disappointment because it part of life, your ability to pick yourself up and try again is what make you a man, but repeating same mistake over again is a foolish act. Internet fraud has caused so many people not to trust anyone again, and they have a valid point not to trust because of their past  experience.

There are still trusted people on the Internet and many are taking advantage of them to excell in life, pick yourself up and try again,but this time be guided, don't repeat same mistake, staying down for long will not solve anything. We have to brace up and start over again.

[MusaPk]

It’s very hard for most people to put themselves together and start all over again,but no matter what after learning the hard way it’s crucial for one to start all over again in a right way if they wish.Just like I said most people still find it difficult to give their trust to a space that once scammed them in the past.Don’t you think there’s an advantage of learning the hard way?now that you’ve realized that you shouldn’t trust a random person on the internet,you would just stick to your holding without seeking validation from a total stranger on the internet.There’s no harm in starting over but it would be better if you’re cautious and updated in the crypto space.

We all do mistakes initially and there is nothing to be ashamed of. The real point is we must learn from our previous mistakes and never repeat them again. If someone can do that then he will get huge success in future. The successful investors and traders are the one who learn from their mistakes. This is not a solution to quit on bearing loss due to mistakes rather the key to success is start over again with full determination. Once you start again, you have experience with you and that will help you in making better decisions.

[Patikno]

I once lost everything to greed, anxiety and uncertainty. My crypto journey began sometime around 2020, back then I was very optimistic and ready to jump into any investment opportunity that comes my way. In 2021 I got my first surprise.

What happened was i entertained a complete stranger on my telegram channel. The fellow first got me to trust her and in the process introduced me to a scheme. The tone of assurance was so strong that I fell for it.

Funny enough the tried to get my full trust by giving me rewards every day for staking my coin on their mining platform. And after two weeks I woke up to see my wallet has been cleared. Both the rewards and my personal coin all gone

It drained me and kept me low for quite a long period. I didn't know where to start from and I was even confused on how to explain this to someone else. It took me a long time to put myself back together.

Then in 2024 I tried building back. It wasn't easy from the start but I kept up with consistency. Although I don't have as much as I had back in 2020 but I am glad I am able to stay committed no matter how small the growth seems.

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

I think everyone ever makes mistakes in crypto, whether small, or large. Mistakes serve as reminders, or as a path to improvement in the future. Personally, I made a mistake early in my crypto journey, being too easily tempted by some Everyone makes mistakes in crypto, whether small or large. Mistakes serve as reminders or as a path to improvement in the future. Personally, I made a mistake early in my crypto journey, namely being too easily tempted by some shit coins with exaggerated "to the moon" slogans". I suffered significant losses because I easily believed their sweet promises. I learned a lot from that experience.

Therefore, I advise everyone not to be easily tempted by crypto investment advice, especially those "seem too good to be true". Essentially, "things that look shiny" can be traps set by criminals to take advantage of us. The bottom line is, to always be skeptical of any information we receive, don't believe it too easily, check its veracity, and verify it. These are some of the things, that I have learned, and become my guiding principle for staying safe from crypto criminals.

[laijsica]

The best thing in your case is that you have realized your mistake. Some people admit their mistake and start their crypto journey again and this mistake warns them not to make the same mistake next time. Some people start trading with some junk coin in the hope of high profits. They do not realize their mistake before making a loss. Among them, sustainable and long term and competitive investors rise to the top because it will not be easy for them to get the knowledge they initially gained through losses in any other way.

The fact that you met a stranger in a Telegram channel and had a scheme-related issue is not just a loss for you, I think it is an experience that will inspire you to perfect your next crypto journey. By sharing your experience on the forum, others can inform about scams and impose future warnings.

[tabas]

Some people start trading with some junk coin in the hope of high profits.

Not some but I think there's actually a lot of people think that they can do this easily. Because of how they're fed with the contents on the social media and videos of influencers telling how much they've earned from trading from meme coins and other junk in the market.

The fact that you met a stranger in a Telegram channel and had a scheme-related issue is not just a loss for you, I think it is an experience that will inspire you to perfect your next crypto journey. By sharing your experience on the forum, others can inform about scams and impose future warnings.

That gives us the early teachings to us by our parents to not talk to a stranger. And it applies in the digital age today that even in our messages, never entertain them unless you have the confidence that you'll never fall for this scheme. But, it's best to not talk and never reply to any of their messages.

[Zanab247]

This is what some people don't want to hear by telling them they can start all over to recover what they have lost in the past. Many people have experienced this challenge before from their crypto journey but they refuse to give up on crypto, because they have see many reasons not to quit crypto to other investment and they are doing perfectly well in crypto investment.

I guess many newbies will learn from your story, because is full with reality, which it will help upcoming newbies and current newbies not to give up on crypto whenever there is a challenge.

[puloweh555]

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

Making mistakes is one part, but admitting to yourself that you were wrong is another part which many new investors continues to fail. What you should understand is that there's no one above mistakes. You may feel at some point that you are doing it right and just taking the normal risk, but not until it's too late you may not realise that you are going to the wrong direction. What makes it even more critical is the fact that in crypto when your coins are lost, there's little to no chance of recovering them. Scammers these days are becoming even smarter than they used to and even if you wish to by any means track them down, there's still a low chance you will succeed plus the money which would be required to hire such services would be almost equivalent to what you've lost.

This is good advice. Don't be afraid to start but if you make a mistake admit it so you can correct it in the future. Moreover, in starting anything mistakes are part of the journey and even through them we can gain experience and learn. Many people get stuck because they're afraid of making mistakes, so they never start. And when they make a mistake not admitting it is also bad because it will lead to repeated mistakes. So, start or try even if it's not perfect, but admit your mistake quickly and correct it properly.

Especially in the risky world of crypto the risk isn't just market fluctuations but also the numerous scams that can cause us to lose our entire assets. Even in the crypto world other people's mistakes should be a lesson for us, especially if we make them ourselves as experienced by the OP. He did the right thing by quickly recognizing the error.

[Rubuchi]

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

Making mistakes is one part, but admitting to yourself that you were wrong is another part which many new investors continues to fail. What you should understand is that there's no one above mistakes. You may feel at some point that you are doing it right and just taking the normal risk, but not until it's too late you may not realise that you are going to the wrong direction. What makes it even more critical is the fact that in crypto when your coins are lost, there's little to no chance of recovering them. Scammers these days are becoming even smarter than they used to and even if you wish to by any means track them down, there's still a low chance you will succeed plus the money which would be required to hire such services would be almost equivalent to what you've lost.

it is better to have an open mind to investment in bitcoin especially if you are a beginner in it. As a beginner you are also expected to have a lot of fun learning and relearning your approaches and skills in bitcoin investment but here you are with some beginners who think they already have all it takes for them to become experts overnight and are not humble enough to learn the fundamentals as far as investing is concerned. Though unlike trading, investing is a very simple process that requires some basic understanding and consistent moves to be able to master what techniques that works for you the most and once you have gained or mastered one strong technique, it won’t be much of a hassle for you any longer and the only thing you will be mostly seen doing will now be adjusting to the realities that come with the investment at a given time and your targets.

[Peanutswar]

I once lost everything to greed, anxiety and uncertainty. My crypto journey began sometime around 2020, back then I was very optimistic and ready to jump into any investment opportunity that comes my way. In 2021 I got my first surprise.

What happened was i entertained a complete stranger on my telegram channel. The fellow first got me to trust her and in the process introduced me to a scheme. The tone of assurance was so strong that I fell for it.

Sorry for your loss, but people did not learn if they did not make mistakes and it seems that you are just joined to a project that requires staking and then make a rug pull most likely these schemes are just common the space and mandate a required deposit to withdraw your funds. Now better this time is to stay away from strangers you dont know and just giving a random links and invite and saying that it will be a guaranteed return in just a couple of days or weeks because in reality is no one gives free money from random people. Now its not too late to get back on the track as long as you are still dedicated to joining the crypto because it's still all about risk thats how we living.

[Daniel91]

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

Making mistakes is one part, but admitting to yourself that you were wrong is another part which many new investors continues to fail. What you should understand is that there's no one above mistakes. You may feel at some point that you are doing it right and just taking the normal risk, but not until it's too late you may not realise that you are going to the wrong direction. What makes it even more critical is the fact that in crypto when your coins are lost, there's little to no chance of recovering them. Scammers these days are becoming even smarter than they used to and even if you wish to by any means track them down, there's still a low chance you will succeed plus the money which would be required to hire such services would be almost equivalent to what you've lost.

it is better to have an open mind to investment in bitcoin especially if you are a beginner in it. As a beginner you are also expected to have a lot of fun learning and relearning your approaches and skills in bitcoin investment but here you are with some beginners who think they already have all it takes for them to become experts overnight and are not humble enough to learn the fundamentals as far as investing is concerned. Though unlike trading, investing is a very simple process that requires some basic understanding and consistent moves to be able to master what techniques that works for you the most and once you have gained or mastered one strong technique, it won’t be much of a hassle for you any longer and the only thing you will be mostly seen doing will now be adjusting to the realities that come with the investment at a given time and your targets.

Yes, I agree that investing is easier than trading, but you still need to learn some basic things, how to analyze and understand the market, when and how to invest, develop an investment strategy according to your financial situation.
It is also important to have an investment plan and a clear exit strategy.
All of this is important to do before you even start investing. The most important thing in everything is to learn to control your emotions and always stick to your original plan, no matter what happens in the market.

[bitcoindusts]

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

It is indeed the right attitude to bounce back from a fall.  There are lots of people who suffered huge losses but they came back strong.  I know a person who have lost everything and even was push out by his family because of being stubborn and not listening to the elder's advice.

When he think about everything, he humbly came back to his family and ask for forgiveness.  By then he strive harder and is able to gain more than what he lost before.  Now the person have several branches of restaurant and is living in luxury but he never forget the people who helped him when he was down.

[Makus]

I once lost everything to greed, anxiety and uncertainty. My crypto journey began sometime around 2020, back then I was very optimistic and ready to jump into any investment opportunity that comes my way. In 2021 I got my first surprise.

What happened was i entertained a complete stranger on my telegram channel. The fellow first got me to trust her and in the process introduced me to a scheme. The tone of assurance was so strong that I fell for it.

Funny enough the tried to get my full trust by giving me rewards every day for staking my coin on their mining platform. And after two weeks I woke up to see my wallet has been cleared. Both the rewards and my personal coin all gone

It drained me and kept me low for quite a long period. I didn't know where to start from and I was even confused on how to explain this to someone else. It took me a long time to put myself back together.

Then in 2024 I tried building back. It wasn't easy from the start but I kept up with consistency. Although I don't have as much as I had back in 2020 but I am glad I am able to stay committed no matter how small the growth seems.

My point here is starting all-over is better than staying off completely. It's better to have slow growth than taking no action at all

It takes a lot of courage to bounce back after hitting rock bottom, I was lucky enough to be on the forum before I started investing in crypto, this gave me all the heads-up that I needed to avoid getting scammed. Sharing your story is going to be very helpful to those that are starting their journey, a lot of people are not going to admit that they have made such mistakes in the past but one thing is certain, nobody is above mistakes. It is better to start all over again than to stay at rock bottom living in regret and wishing that you did things differently.

[adultcrypto]

It is only a few investor that will confidently say that they did not make any mistake in their journey of building their cryptocurrency portfolio, the rest learnt from mistakes and became wiser. Some people lost money due to fear that price was going to crash, some due to investing in scams and shitcoins, some even lost money to compromise of their wallets and other security breaches. This is normal for a new technology like cryptocurrency, people try different option and on the process, scammers will also be present to take advantage of people's ignorance, fear and greed. The only person that have completely lost is the person that gave up.

Giving up is never an option because despite the risks, the challenges and the losses, the prospect of cryptocurrency and bitcoin in particular far outweigh them. This should be the motivation of anyone at the verge of giving up. You can start all over again, apply consistency and in no time everything will be back to normalcy.

[tbct_mt2]

It is only a few investor that will confidently say that they did not make any mistake in their journey of building their cryptocurrency portfolio, the rest learnt from mistakes and became wiser. Some people lost money due to fear that price was going to crash, some due to investing in scams and shitcoins, some even lost money to compromise of their wallets and other security breaches. This is normal for a new technology like cryptocurrency, people try different option and on the process, scammers will also be present to take advantage of people's ignorance, fear and greed. The only person that have completely lost is the person that gave up.

People could have loss by wrong decisions they made like they don't invest but trade or more dangerous trade with leverages. They invest but not in a right way, because they did not invest with their money, and borrowed money for investment. They invested money in bitcoin without enough searching and learning about Bitcoin, Bitcoin market, its cycle, bull market and bear market. In this volatile market, lack of knowledge, preparation and discipline can lead to panic then wrong actions and consequent loss.

Giving up is never an option because despite the risks, the challenges and the losses, the prospect of cryptocurrency and bitcoin in particular far outweigh them. This should be the motivation of anyone at the verge of giving up. You can start all over again, apply consistency and in no time everything will be back to normalcy.

It's part of the market, as if there are no people who made mistakes, had loss, you will not get profit. But it's not reason to feel guilty when making profit in the market, as you join the market fairly like all the others, and it's just you are an intelligent investors with right decisions, strong mentality, good discipline, then get profit while the others made bad investment actions, gave up, whatever, so they had loss.

Challenge is for everyone, chance is for everyone, in a same market, so if you got profit, you done great job and should enjoy it. Your successful investment story can be motivational story for newbies in this market too.

[liasbaa]

You have realized that it is better to progress slowly than to be greedy to get rich quickly. The knowledge you have gained in reality teaches us that we do not need to be greedy. We should always conduct our investment activities slowly and with discipline.

From your statement, I understand that you were greedy at that time but you did not have anxiety and uncertainty. They rewarded you and earned your trust. You trusted them and invested in their project but were not aware of the risks.

You have started again and are committed and you want to move forward slowly even if the amount is small. By learning from your previous mistakes, you have the possibility of success in your investment strategy. To be successful, it is better to abandon greed and conduct your investment activities with discipline.

[Porfirii]

You have realized that it is better to progress slowly than to be greedy to get rich quickly. The knowledge you have gained in reality teaches us that we do not need to be greedy. We should always conduct our investment activities slowly and with discipline.

-snip-

This is especially true when we talk about Bitcoin/crypto, but not necessarily true in other fields, since sometimes reckless and overly aggressive greedy people succeed in an extraordinary way (often by simple luck) giving an appearance that this is the best way to succeed.

OP has learnt the lesson the hard way and hopefully that will make him more prudent from now on and not make such a serious mistake again. As I said, I don't think you can get very far in crypto being reckless.