What to do if you lose money in cryptocurrency trading?
Actually, there is no good way.
Before 2018, many senior investors had experienced multiple losses. When I lost money for the first time, I owed about 220,000 yuan on my credit card and about 100,000 yuan on online loans. I didn't even have money to eat. In the end, I had no choice but to sell my house. After paying off my debts, I still had 100,000 yuan left. So I moved to an unfamiliar city, rented a house, and continued to invest in cryptocurrencies.
There was no other way. I couldn't make a living with a salary of several thousand yuan a month. After paying off my debts, I used the remaining money to buy 3,300 dollars of Bitcoin and also bought 0.6 dollars of OKB, but I didn't hold it for long.
In the end, I made some money back through Binance's IEO (initial exchange offering). I shorted BNB 20 times at 7:59 every morning, and finally recovered some of the lost funds.
Last year, there was also a brother in the group who lost hundreds of thousands of yuan and only had 8,000 yuan left. In the end, he went all in and longed Cyber 8 times, and made a million yuan.
Losing money or making money is a process. It will pass if you persevere.
