[GLGT] 32yo Singaporean lost S$30K savings to crypto crash, asks, “How can I earn it back?”

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https://theindependent.sg/32yo-sing...s-to-crypto-crash-asks-how-can-i-earn-it-back

SINGAPORE: Many investors, including a 32-year-old Singaporean man, were distressed after the cryptocurrency market crashed dramatically in 2022.

Sharing his story on Reddit, the man said he had lost most of his S$30,000 savings in various cryptocurrencies, such as EGLD, CRO, Luna, BTC, and ETH.

“I’ve been feeling miserable and regretful for years since my cryptocurrency investment loss, almost to the point of depression. How can I earn back my savings of SGD $30000 I lost from my investment loss in 2022?”

The man shared that he ventured into cryptocurrency in 2021 because he envied his peers, who are high-income earners, and wanted to ensure his financial security for the future.


He has diversified his investments across T-Bills, Syfe Cash+ Guaranteed, Stocks (including Magnificent 7 companies and VOO ETF), and Stashaway General Investing.


Despite this, he confesses to holding onto some of his crypto assets, hesitating to sell and accept the loss.

“I’m feeling very lost as I am trying my best to manage my finances properly and am afraid of heading in the wrong direction again.”

 

[Woof24]

This type should just stick to index

 

[mgx-alander]

heng i nv buy but i still have paper loss to index

must thank brandon father, even when trump was in charge i didnt lose as much

 

[GhostZM]

$30k only..can earn back easily de

That's just 1 and a half month of an EDMWer's pay


CheerS!!!

 

[人造人16 号]

30k nia....very easy to earn back

 

[Ye_Rongtian]

30k takes me 2 years to save. How much can he save in a year?

 

[dotarian007]

not BTC price higher than 2021 liao
if he HODL wont be losing lo

 

[wooooot]

30k nia cry like a baby if cannot take the risk just put into ssb or tbills

 

[skylink67]

30+ liao still concerned about 30k lost. How much has he been saving wor.

 

[charliebrown]

invest jin satkee..
feeling sleepy already.

 

[crunsik]

Win not a complain. Loss all cry father mother

 

[maosaikopi]

last time gotch huan edmwer always haolian his 200k then kpkb no gf

can ask him for advice

 

[AuraKUPO]

When the crash happened, everyone I knew either cash out for profit or cut a bit of loss. Why this kumgong still hold on wait until become 99% unrealized loss?

 

[dushensiao]

he can all in pepe yolo

 

[deokiejisoo]

All in PEPE lor now

 

[crimsontactics]

https://theindependent.sg/32yo-sing...s-to-crypto-crash-asks-how-can-i-earn-it-back

SINGAPORE: Many investors, including a 32-year-old Singaporean man, were distressed after the cryptocurrency market crashed dramatically in 2022.

Sharing his story on Reddit, the man said he had lost most of his S$30,000 savings in various cryptocurrencies, such as EGLD, CRO, Luna, BTC, and ETH.

“I’ve been feeling miserable and regretful for years since my cryptocurrency investment loss, almost to the point of depression. How can I earn back my savings of SGD $30000 I lost from my investment loss in 2022?”

The man shared that he ventured into cryptocurrency in 2021 because he envied his peers, who are high-income earners, and wanted to ensure his financial security for the future.


He has diversified his investments across T-Bills, Syfe Cash+ Guaranteed, Stocks (including Magnificent 7 companies and VOO ETF), and Stashaway General Investing.


Despite this, he confesses to holding onto some of his crypto assets, hesitating to sell and accept the loss.

“I’m feeling very lost as I am trying my best to manage my finances properly and am afraid of heading in the wrong direction again.”

Wlwlsmdwl Bro toolbox03!

Moi ish also 32 this year and moi emergency fund only S$36,011.90 and RM357.50...

A wipe like this will cos moi to lose close to 90% of moi emergency fund...

 

[Ye_Rongtian]

When the crash happened, everyone I knew either cash out for profit or cut a bit of loss. Why this kumgong still hold on wait until become 99% unrealized loss?

He follow diamond hands. Maybe if he had held on until now he would have made profit

 

[linbeier]

30k nia kpkb for 2 yrs??

 

[cosmothecat]

Honestly, the highest probability of earning back is buy $30k more crypto when prices are low

When bull market comes, earn back more than $60k

 

[dambio]

Now 2024 Liao nv make back?