I lost 250k$

BooshPlus

BooshPlus

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I made the mistake of investing a substantial amount of money in NFTs and low-value game coins that have now become practically worthless. It serves as a valuable and costly lesson, perhaps one of the biggest in my life.
 
I recently lost a significant amount in the four figures, but your situation seems even more challenging. Stay calm, though - I believe you'll recover it soon.
 
Starthe said:
I recently lost a significant amount in the four figures, but your situation seems even more challenging. Stay calm, though - I believe you'll recover it soon.
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I'm staying calm, just wanted to share a less-than-successful story on BHW. I'm confident I'll earn more with time, but right now, it's tough to look at my CoinGecko portfolio.
 
This is all just a dream, my friend. Don’t stress—you’ll wake up soon.
 
BooshPlus said:
I'm staying calm, just wanted to share a less-than-successful story on BHW. I'm confident I'll earn more with time, but right now, it's tough to look at my CoinGecko portfolio.
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I completely get what you're going through. This should be a lesson for some: only invest what you can afford to lose.
 
Vinerchco said:
What kinds of NFTs have you purchased?
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Initially, I spent my money on PFP collections, thinking I might discover the next big thing like BAYC—LOL. Then I moved on to P2E projects, buying almost every WolfGame clone I could find. After that, I invested in some NFT lands. Unfortunately, most of them have dropped significantly in value.
 
SereneMans said:
More like a nightmare.
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I’m pretty accepting of losing so much money because I believe in karma. Sure, I lost money, but I’m still here after February 24. Trust me, a real nightmare is waking up to a missile attack on your city, but that’s a different story.
 
I hope you didn't have to work too hard for that money. Was it profit from crypto?
 
GambitTeen said:
I hope you didn't have to work too hard for that money. Was it profit from crypto?
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Yeah, luckily it was money I made from another crypto project. I wrote about it a year ago, but I think that thread got removed by the MMO administration.
 
I assume you did some research into these NFTs, right? I find it hard to believe you just spent money on random NFTs that came your way.
 
Ormesha said:
Any idea why it got removed?
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If I remember correctly, it was closed because it was promoting a platform where I earned that money. The platform planned to replace display ads with a script that ran on websites and used users' resources for mining.
 
Batersch said:
I assume you did some research into these NFTs, right? I find it hard to believe you just spent money on random NFTs that came your way.
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Yes, I did research on some of them. Overall, I’ve only been scammed 2 or 3 times; most of my losses were due to buying at the peak of the price.
 
BooshPlus said:
Yes, I did research on some of them. Overall, I’ve only been scammed 2 or 3 times; most of my losses were due to buying at the peak of the price.
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Oh, that’s tough, bud.

I would suggest buying NFTs at mint price since that's often the most viable option. I’ve also heard that minting popular collections can be challenging, as people often wait for a long time to get them.
 
Oh, sorry to hear it's such a big loss. There are definitely a lot of bad coins out there.
 
In my view, NFTs seem like a more complicated version of a Ponzi scheme, designed for quick gains. Crypto follows a similar pattern.
 
You knew the risks. If you had invested those funds in solid projects for 1 to 2 years, you likely would have seen significant gains. But, of course, everyone wants to get rich quickly.
 
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