Quote from: DaNNy001 on June 02, 2024, 08:51:24 PM

Quote from: fromindia on June 02, 2024, 11:08:40 AM

Hello all,
I had a big crypto balance. But unfortunately l lost all in May 2022.

Primarily I was a web developer since 2009. I earned handsome amount and invested in crypto. I had around 7 btc in 2015. One time I invested all my crypto assets to luna coin. Luna price was very upright. For that I took bank loan and took personal loan from many people and invested in luna.

But after the luna crush my life is simply horrible now. I am around 70k USD debt. People are forcing me to pay back their money. This is the real history of my background.

Now 2 years have been passed and my problem is more deeper. I know there are so many well established investors are here. So, I am trying to catch myself to their eyes for help. I asked loan in different times. Nobody is helping me. How could I recover my bad situation? Is there anybody who could guide me or help me anyway? To me life is becoming horrible.

Well I think I will be straight on this one, what you did was very stupid although you had a different whole thinking at that time but of all knowledge I have gathered here one of my favorites is the one that says never ever borrow money for an investment like altcoin (shitcoins) that aren't really stable and Luna coin at that time was the big rush and everyone felt that they would make huge profits from but at the long run an altcoins project still remains an altcoins project which is filled with high rates of uncertainty and volatility.

Well for you to actually recover from this great loss, there is actually nothing to do than to just patiently work your way up because there is absolutely nothing that will make you blow over night other than patience and hard work.

I'm really sorry for a case like that, but if it has already happened, then what we think about is a solution. Getting lost in disappointment will actually make us even more confused and far from a way out. The thing that needs to be a lesson is that maybe in the past you wanted big profits without taking into account the health of your capital, because if you diversified it healthily then things like that wouldn't happen. Next, don't take rash steps, and of course settling debts with the assets we have first will make the mind calm