11-26-2022, 10:47 PM
What was your biggest loss in crypto?
<!-- SC_OFF --><div class="md"><p>Now unless you're a BTC maxi who bought in 2012 and has never sold, I expect that many of us have experienced some degree of loss in crypto by this point. </p> <p>I know I've had my share of losses in this space; I'm losing my hairline, lost my mind a couple times, the seed to some wallets, some days I even feel like I've lost my dignity.. </p> <p>But personally my biggest financial loss has been the collapse of Luna, in which I lost nearly $40,000 of gains that I had made during the bull run. I was playing a dangerous game of "all in" at ATH prices which I should have known would back-fire. </p> <p>When it did I was angry and confused and in shock all at the same time, so quickly losing everything in one bad project, what I had worked so hard to gain.</p> <p>Slowly though, I'm recovering mentally and financially from it, I now know that it was an important lesson to be learned. I'm a lot more diligent in vetting and planning my investments as a result, which might save me as much, or more in other losses over my lifetime. </p> <p>I'm also thankful this loss was all money that I had already gained in crypto, rather than a college fund or retirement savings.. it is hard to stomach at times because for a young person like me it was a life changing amount. </p> <p>Partly out of curiosity, and partly to ease my own grief - I'm wondering, what is your biggest loss, mistake, bad trade etc. in the market?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DeeperBags"> /u/DeeperBags </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z58m24/what_was_your_biggest_loss_in_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z58m24/what_was_your_biggest_loss_in_crypto/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Now unless you're a BTC maxi who bought in 2012 and has never sold, I expect that many of us have experienced some degree of loss in crypto by this point. </p> <p>I know I've had my share of losses in this space; I'm losing my hairline, lost my mind a couple times, the seed to some wallets, some days I even feel like I've lost my dignity.. </p> <p>But personally my biggest financial loss has been the collapse of Luna, in which I lost nearly $40,000 of gains that I had made during the bull run. I was playing a dangerous game of "all in" at ATH prices which I should have known would back-fire. </p> <p>When it did I was angry and confused and in shock all at the same time, so quickly losing everything in one bad project, what I had worked so hard to gain.</p> <p>Slowly though, I'm recovering mentally and financially from it, I now know that it was an important lesson to be learned. I'm a lot more diligent in vetting and planning my investments as a result, which might save me as much, or more in other losses over my lifetime. </p> <p>I'm also thankful this loss was all money that I had already gained in crypto, rather than a college fund or retirement savings.. it is hard to stomach at times because for a young person like me it was a life changing amount. </p> <p>Partly out of curiosity, and partly to ease my own grief - I'm wondering, what is your biggest loss, mistake, bad trade etc. in the market?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DeeperBags"> /u/DeeperBags </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z58m24/what_was_your_biggest_loss_in_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z58m24/what_was_your_biggest_loss_in_crypto/">[comments]</a></span>