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Where did you loose huge in your life ?

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I guess I was lucky because I never lost huge in cryptocurrency trading and I'm trading for more than one year, I think it's all about risk management and if your risk taking strategy is decent you are not going to lose that much money even if the market goes completely against you.

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I lost my first earned money with cryptocurrency on the site where you predict the price of the fiat currency where it would go, I just understand now that I can't stop when losing money, so I simply don't spend time there anymore.

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On 5/4/2020 at 4:35 AM, Zues said:

I am not yet losing money here in cryptocurrencies because I am trying to stay low and not take hige risks. I think that this answers will help me have some pointers on what to do incase of losing money and how can you back up yourserlf and how to earn again. 

Try to profit even if the profit is not too much. High risk does not mean high reward, at least not yet. You will figure out when risking will be able to give really high rewards. Right now the whole market is full of bagholders shilling. This will change only with a large wave of adoption and new retail and corporate investmend funds entering.

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i started gambling approx 3-4 month ago I invest 300$ there within time sometime I got good profit and sometimes Loss , now I completely lost my 300$ there because of bad prediction level .

now I am completely leave gambling and focous only on trading .


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Personally, I am not addicted to gambling in encryption, and I think this is a positive thing because I hear from some friends that they have lost large amounts of money due to gambling. For me, the biggest amount I lost in my life is $ 100 I deposited in a fake investment site

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It was about a year back, when I try running some gambling sites then I invested some crypto in it, I also all the money I invested and from that day I vow not to ever invested in a gambling site again.

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On 5/21/2020 at 6:12 PM, BTC Future said:

Try to profit even if the profit is not too much. High risk does not mean high reward, at least not yet. You will figure out when risking will be able to give really high rewards. Right now the whole market is full of bagholders shilling. This will change only with a large wave of adoption and new retail and corporate investmend funds entering.

Yes I think that you are right because that what you are starting with and you should learn to be in content in what you earn because you can enlarge that in a given time and I think that patience is very important in cryptocurrencies 

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You can make good money from both of ways, but it is just my personal opinion. You can not improve with gambling, maybe it is just quick profit but if you counted your losing money, you can just see it is not equal to your winning money. Cause of that it is not a right way for me. But don't forgotten l'm also sad about your 3k-4k losing money, don't be sad maybe after few months you can remake it. 

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I have lost my money in gambling, last year I lost more than 3000 dollars in gambling website. Actually I was gambling addicted and now I'm feeling very sad for that. Now my only dream is to work carefully and don't do again gambling.

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On 10/24/2019 at 9:58 AM, Cryptohash said:


Well in life there are two sets of people one believes luck others believe knowledge.

Here are two commonplace all crypto people hang out the whole day.

 

  • Gambling 
  • Trading

 

Are you addict to it ? have you ever lost yourself there come out of it?

I lost around 3 k to 4 k dollar now I feel it is more now I feel its more to my financial situation.

I did not trade much in the crypto world but I just trade a few amounts in my local share market

Share how you felt? did you come out?

I didn't gamble using crypto but in real life, yes. And that is where I lost my money. I almost played the whole day. At first, I am winning but after 10 games, I think, I started losing and after a day I lost my everything. It always happens to me and I just stop because I need money to sustain my academic needs. I slowly forgetting it and one day, I already stop playing it.

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I do not work in gambling but I lost a lot of money when I started trading because I was a beginner, but now I am not losing much.

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I loose a huge amount of my funds in trading and i am very frustrated in that happening. Because i am just a beginner and i don't know some strategies and techniques in trading. But still i never give up and use it as my strength and continue my dream to become the best trader. 

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l have lost some amount few years ago, but it was not a huge amount. But about sets of people l prefer trading than gambling. That is why gambling is not a true way for earning profit in my mind. It is just my personally opinion. 

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I am a beginner in crypto and this fields. So big loss for me might be not a big one to other person. So I once tried gambling and deposited 20 dollars. In one hour I doubled my 20 dollar. In next hour I doubled my 40 dollar and at last I loss 80 dollar. So that's my big lose.

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When I just started in sports betting I lost a little money but then I went to study everything about it and then I learned I could start making a profit of this from the bets and currently I continue to work in this modality with monthly profit   

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On 10/24/2019 at 7:58 AM, Cryptohash said:


Well in life there are two sets of people one believes luck others believe knowledge.

Here are two commonplace all crypto people hang out the whole day.

 

  • Gambling 
  • Trading

 

Are you addict to it ? have you ever lost yourself there come out of it?

I lost around 3 k to 4 k dollar now I feel it is more now I feel its more to my financial situation.

I did not trade much in the crypto world but I just trade a few amounts in my local share market

Share how you felt? did you come out?

I spend my many times on my different platform and ages. I spend most of my time in school. If I say about online earning then I will say mostly I spent my time on crypto airdrop programmes. Because it's free to earn.


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They hack our personal information and IDs by scamming them just like AirDrop pays for free I've lost more in my life than gambling At first, I didn't have much knowledge about betting then I lost with all my sufficient capital but now I have managed to reduce the amount of loss a lot.

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On 1/25/2020 at 10:24 PM, shafi123 said:

I work in this site newbie. I not gets in loss because my tarding experience is that trader should invest in little amount and hold the coin for large term and get profit.

thank you for giving me very amazing advice some days ago I lose almost $63 in cryptocurrency trading because I bought at high price as soon as I bought it's price starts decreasing and I sold out at lose around $63

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On 2/7/2020 at 11:00 PM, ephypraize said:

Well there's is nothing you can do in this life which dose not involve taking risk, I could say I have lost more on internet marketing forex to be precised 

if you can take risk then you make big money as well I lose more than $350 in cryptocurrency future trading I did long bitcoin with 15× but unfortunately market crash at fast speed and I got liquidated

Edited by Soaib khan

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I am very new to cryptocurrency, but at the same time, I try to actively develop in every area, and this is of course trading! I'm starting to learn this, and slowly invest in my life, it's really very cool, and I like it! Thank you all!

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I have lost my money in MLM. I have invested 99 euro to one of the sites which had a great offers but at last I didn't get any payment but I have got some points which is not listed and I can't exchange that points to the fiat currency. Hope I can exchange my rewards point to the fiat currency.

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On 10/24/2019 at 4:15 AM, Luciferludz said:

in trading patient is one of best startegy to get success. As you see you got panic and get loss.

You are correct trading is all about patience and also self control of how you handle your self when your trades are running in loss and panicking should be avoided during such moments to avoid making unnecessary moves that can result you into making losses.

 

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On 10/24/2019 at 10:03 AM, Deborah Christine said:

From the beginning I was familiar with crypto and knew about gambling. I had never tried gambling. So far I have only been trading. Indeed, when I get profit it makes me addicted to continue trading. But I can control my emotions when trading. When trading or gambling I think it is very important to be able to control our emotions.

I am not yet losing money here in cryptocurrencies and I don't intend to lose anything here because in business losing money is not part of the solution and you need to keep earning with your sales so that your business will still move forward in cryptocurrency 

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I never liked gambling and never tried it but I just settled on trading and unfortunately I lost $ 200 at one time through a coin whose name was zcl,  the loss my fault honestly.

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I have profited from both gambling and trading.

About gambling I don't recommend it to anyone though, and I have also quit many years ago while on good profits. The only profitable gambling is live poker but you need to have experience. I've played online poker for many years and have infinite ROI, as I didn't have an initial investment. All my poker profits started with freerolls on pokerstars and full tilt poker. Anyway gambling is profitable if you never gamble any of your money, otherwise you risk losing a lot. 

Trading is different but contains many gambling elements especially if done with leverage.

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