Post
Topic
Board Economics
Re: How do feels losing money?
by
mv1986
on 29/04/2023, 23:56:50 UTC
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

I guess everyone here agrees that fatal mistakes like these are fully avoidable. I mean if you say that the office was fake, actually closed and everything and everyone disappeared, I wonder how much due diligence you have put into that investment upfront before making a decision.

If your partner even cried, how in the world did you guys end up investing so much into hot air? There have been a lot of people who invested into some white papers during the first bull market in crypto, but I think most of them learned their lesson. By now really everyone should have heard about potential forms of scams, but investing in a business that doesn't exist at all is a fatal mistake that I think one should pay the price for. It sounds too naive to me. I don't know how much money you are talking about here, but if it was existential I think it is even more naive.