Lost 80% of life savings in crypto today

80% of life savings could be the price of dinner or the price of a house...

How are you down 80% today?

Want to see those trades!!! I’m impressed!

I lost close to $70,000

It will go up again. Just believe.

Seems like a bummer

I just registered this handle, but perhaps you have a better claim to it.

dumbassMF wrote:

I just registered this handle, but perhaps you have a better claim to it.

Don't mess with me.

I used to be on a couple of investing messageboards.

I remember one guy explaining how he lost in the markets all the money for his kids' student loan he had borrowed.

Sorry that happened, but did you ever bother to look at the downturn that crypto took a few years ago, like bitcoin going from about $20 K to $3.5 K? And if not, why not?

Are you ever going to mess it again?

abdjd wrote:

I lost close to $70,000

But did you really "lose" $70,000?

As in you now have $70,000 less than when you started?

Or more like Bernie Madoff ponzi victims who "lost" what they thought their investment was worth before it all collapsed?

That makes no sense. Even if you were unintelligent enough to spend your life savings on a coin at its peak, they haven't dropped far enough as of today for you to have lost that large an amount.

The only exception would be something like Dogecoin, which, of course, was made to be a joke and was never actually meant to have any value.

Not sure if this is a troll or not, but I wonder if there are many middle class people who have lost big on crypto recently.

Anyone know of real examples

I was already losing money, but it was today when I reached $70,000 in losses. Not the houses money, I mean $70,000 of my initial investment.

I don't know where to turn. I've been dealing with suicidal thoughts for some time now, but I feel this is what may bring me to taking action on it. Because it seems that pain doesn't end...

abdjd wrote:

I was already losing money, but it was today when I reached $70,000 in losses. Not the houses money, I mean $70,000 of my initial investment.

I don't know where to turn. I've been dealing with suicidal thoughts for some time now, but I feel this is what may bring me to taking action on it. Because it seems that pain doesn't end...

i lost a pretty high percent as well, but had learned my lesson from a few years ago to not put much money into it.

The truth is to learn from it and you can make it up in the future, perhaps in better choice of investments. It sound like a lot but it can be remedied if you act wisely and keep this in perspective.

If you are young, your earning potential might be a good place to focus.

It is easy to gain/lose far more than price changes imply if you use leverage or derivatives.

I tell all my friends with gambling, drugs or getting caught up in crypto fantasy buying problems to go this web site. Spend that $50 you were about to piss away on something fleeting and ultimately worthless on something REAL.

https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds.htm

You should never invest so much in one risky asset. If you sell now then you lose the upside potential but eliminate a total loss. If you look at the charts, cryptos go up and down 25% to 75% over months. There's no guarantees. People act like experts but the last time a new money system took over mankind was 800 years ago when the Mongol Horde spread Chinese Printed Paper currency of the world. Cryptos are risky. Remember that.

Calling BS on this post. If I lost 80 percent of SIGNIFICANT life savings I wouldn't get on LTC and cry about it.