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Have you ever lost a lot of money from investing in crypto?

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James07 said:
Back in 2018, i bought a huge amount of BTC and then they took a dip, around September! It was the worst time. I had to sell the remaining, making me lose a alot of $$ in the process.
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This is really bad and i hope you have learnt your lesson about investing in crypto currency ,how to set your stop loss and profit when investing in crypto currency
 
I have lost my investment a couple of times when the price went down, especially with bitcoins, however, it was no a big loss. The largest amount I have ever lost was $10.
 
Grant said:
Investing in any cryptocurrency can be scary, especially if that crypto is volatile and could drop down in price fast. With Bitcoin, that's a whole different story. I do wonder if it will go up, or go down. That's why I don't invest in just anything these days, I wait a while to see if there is a chance it can earn me a reasonable profit.
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I think you meant trade because investing in crypto currency as low risk because you just have to wait for a long time before you cash out, because after a long time the asset you invested in world have increase...
 
Grant said:
Investing in any cryptocurrency can be scary, especially if that crypto is volatile and could drop down in price fast. With Bitcoin, that's a whole different story. I do wonder if it will go up, or go down. That's why I don't invest in just anything these days, I wait a while to see if there is a chance it can earn me a reasonable profit.
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Not really I am a careful type when it comes to cryptocurrency and this is why I do not always want to invest my hard earned money on cryptocurrency. I am always careful
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No, not at all. I am always a careful person when it comes to investment especially in cryptocurrency. I can't afford to lose my hard earned money to investments.
Grant said:
Investing in any cryptocurrency can be scary, especially if that crypto is volatile and could drop down in price fast. With Bitcoin, that's a whole different story. I do wonder if it will go up, or go down. That's why I don't invest in just anything these days, I wait a while to see if there is a chance it can earn me a reasonable profit.
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I have never lost a lot of money in investing in Bitcoin because I am very vigilant when it comes to business, before investing in business you need good experience
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I have never lost lot of money in investing in cryptocurrency, this is because I choose the right cryptocurrency to invest in. And also I am very patient when it comes to cryptocurrency investment.
 
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Concerning if I have ever lost a lot of money from investing in crypto currency. Well, I haven't lost lot of money in investing into crypto currency. The reason why people lose money at times is because they have not study the volatility and trends of the crypto currency market, so they panic at any drop on the currency.
 
Yeah... When I first heard of crypto currency, I opened a block chain wallet and forgot all about it until some months back when I noticed how far most of the coins had gone but unfortunately I couldn't remember my blockchain wallet password.
 
Due to its volatility, it goes up in price one time and then drops. Short-term traders usually incur losses more because they work with the volatility. Long term traders on the other hand, usually make a profit in the long run because eventually Bitcoin would do well
 
Yes.I have sold at loss a couple of times and it can be really frustrating as one cannot for sure know which token will pump an for how long. I realise that sometimes, you cannot make urgent money from crypro because it requires patience, a lot of it
 
Ehizzy1 said:
This is really bad and i hope you have learnt your lesson about investing in crypto currency ,how to set your stop loss and profit when investing in crypto currency
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I do not really know about trading the digital currency, so I don't think I have lost money in that aspect, I only get paid for doing task in cryptocurrency.
 
Ever since I have been investing in cryptocurrency, I always check the market before investing, with this I have never lost much in cryptocurrency investment.
 
Yes I have lost some value of cryptocurrency in time past. But it might not be so much per say. But it was a lose anyways and I felt very bad about the loss
 
Let it be known to you that before starting investing any amount of money you have to the the guidelines of the platform in other to be expert.
 
I can't say that I lose money to cryptocurrency really but it was just lose of profit due to impatience.
 
I have lost money when I first invested on Bitcoin, I was in a hurry to cash out my money and I end up losing lots of money. I will advice every investors to hold your investment, Don't be in be in a hurry to sell your crypto currencies cause you may end up losing your money
 
I have lost a couple of funds in bitcoin before. I was very naive and really never understood the workings of crytocurency at that time it happened until it happened the third time.
 
Have you ever wasted money on something you've used.Have you ever lost a credit card or your wallet.I think it have a lot of risk, every things look like very well on the internet.
 
Kunkun said:
Due to its volatility, it goes up in price one time and then drops. Short-term traders usually incur losses more because they work with the volatility. Long term traders on the other hand, usually make a profit in the long run because eventually Bitcoin would do well
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Many long term traders usually make loss too thats the problem in that kind of situation , i hardly see many long term traders make profit because the price of bit co in is unpredictable
 
Victor001 said:
To be very honest cryptocurrency trading was the very first place I lose my largest capital. I ventured into the business without appropriate skills and knowledge and in a short period of time I was already on loss.
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I have never lost money trading in crypto currency because I never trade directly, I just normally keeps my coin into my wallet and it starts increasing.
 
I have a friend who invested $40 to safemoon and is currently sitting on a coin worth $550. On the other hand, I have another whose portfolio is bleeding because most of the coins he bought are tanking seriously. I've had my own share of losses but it's nothing compared to that of some dudes I know.
 
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