ZoneBitcoin EditorialI discovered a very original account on Twitter: Coinfessions. The concept? Everyone can tell their story, their setbacks, their crypto-related sabotage. Even though we tend to talk more often about crypto-millionaires, there are also dramatic stories. As the market fell, many people (if not everyone) lost money. These are all these stories of ruined and disappointed investors that we can read on the Coinfessions Twitter account.
Some stories are chilling and others are simply hilarious. We decided to translate some nuggets for you here.
Know that you can also confess...It feels good sometimes and what is certain is that you will find an ear who understands what you are going through.
Note: There are so many “confessions” that we are thinking of writing a next article. The next one will be about the more positive stories (because yes, there are some).
Come on, let's start:
Greed is always too much
I went from $22 to $000 in a few months. I told my family and my girlfriend. I resigned. I traded everything on small leverage on futures contracts. Now I have $850 in my checking account and $000 in my wallet. I'm behind on my rent + utilities this month. My girlfriend doesn't know because she thinks we're still on track to be
millionaires. I sold some clothes yesterday to give my dog a bag of kibble.
I've never been this low and I can't tell anyone.
Trading is not for everyone
I have been trading for 5 years and still struggle to be profitable. If I'm honest with myself, I'll probably never get there, but I don't know what else to do. Friends and family only hear about people getting rich – to stop would be a humiliation.
The responsibility is sometimes heavy to bear
My father gave me the responsibility of investing a large sum of money, in his place. I lost it all by investing in a random corner and I was " rugged". He still doesn't know and I told him he'll be rich by 2025. I hope I'll figure out how to get the money back by then.
This unscrupulous hacker
I hacked almost $10 million in NFTs on a breached Discord, including $3 million from a single person. I have since resigned but have zero remorse for what I did. I sleep well at night. I don't know what else to say about this. Just what it is. I have a pretty normal life and everyone around me thinks I'm a successful day trader.
Does this mean that stealing is good? No, this is not the case. But if it wasn't me, someone else would have done it. Anyone who falls for this is pretty stupid anyway.
Always work more when you want to work less
I lost 20 USDT – my entire year's savings – after working several part-time jobs in addition to a full-time job. I have been rugged/scammed twice and liquidated my entire portfolio three times. I still work part time just to do more trading. My family doesn't know what I do with my hard-earned money.
The remorseless YouTuber
I have a small YT channel where I share bullish data on BTC. I was wrong since BTC was at $41 but I post so often that people forget and few people tell me about it in the comments section.
The crypto influencer
The only way I managed to earn money, it's by being an influencer and having very good relationships. I don't know how other people make money like this. Hats off to those who get there.
The nostalgic
I have been active in crypto for almost a decade. I hate what it has become. Get these fucking charlatans out of here. It was supposed to be something real.
Trading can ruin you
'Revenge trading' ( trading under the influence of emotion) cost me almost everything I have. I went from $20 to $000. It's heartbreaking to see my savings disappear due to black swan events. These market conditions were just too terrible for trading and it ruined me.
The full moon wakes the werewolves
I never had MOON FABRIC but during the crash I kept buying and buying more and thought it was going to turn around somehow...and that shit went to zero. I literally lost all of my 6-figure capital.
Porn to the rescue
I've been in crypto full time for 5 years. I developed a partial addiction to porn due to stress.
The prostitute came across a good move
I have all my funds in my MetaMask wallet (iPhone app), I contacted a prostitute here in LA who agreed to be paid in ETH. I didn't want to deal with a shady bank or something. She blocked me right after, and I realized I had accidentally sent my entire balance of around 120k in ETH. At least I had a great time.
The risk of too much
I became a stripper just to desperately buy Ethereum. I made enough money to get out of this hell and now run my own business. I invested heavily in real estate
but unfortunately I have AIDS. I don't know if I was better off when I had no money but good health. It's funny how life works.
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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