I lost money while speculating and got into debt, but I don’t dare to let my family know. What should I do?

Yesterday a new fan chatted with me and said that he lost a lot of money investing in the currency circle. When I bought small coins, the price plummeted and I lost money. I owed more than 300,000 yuan on a loan. Later, I made a contract liquidation and lost only 50,000 yuan. I feel very anxious and painful inside, and I don’t dare to let my family and friends around me know, and I don’t know what to do.

Recently, many people are actually very depressed and upset. Some people say that one million has shrunk to 200,000, some tens of millions have become more than one million, and some have made dozens or millions of dollars in Luna bargain hunting and short selling. Zero, and so on.

This kind of thing is not new in the cryptocurrency circle. After all, it is difficult to make money by playing contracts. The contract market is very risky, and only a very small number of professional players can make money in this market.

At present, even if you don’t play with contracts, most of the spot transactions are still losses. Even if you don’t invest in digital currencies, investing in A-shares, Hong Kong stocks, and US stocks will also result in losses. On the 17th, A-shares announced that 6 companies were forced to delist, and the investment funds of 180,000 shareholders were wasted. Now in the entire financial market, no one can escape the difficulties. Many institutions are losing money and facing the situation of being liquidated, not to mention the inexperienced retail investors.

Some cognition requires experience and pain to gain. Ray Dalio said in his book "Principles": "The key to success is that you have to work very hard to win, but also experience "beautiful" failure. What is a beautiful failure? It is a failure that can make you painful enough to learn important lessons, but not to the point of completely eliminating you."

What can enlighten a person is not preaching but suffering.

Losing money is not scary. What is scary is that you are completely out of the game with no chance of turning things around, and you have not yet reflected on it, gained enough experience, and gotten on the right track.

I often meet many new friends, even old investors. What is the basis for their investment? Or what is the reason for their choice of holdings? Some answered me: I bought it based on my feelings; some said it was recommended by a friend; some said they saw that it rose sharply, so they bought it; some said that this coin is very popular recently, so they followed the trend and held it for a while, etc.

I have never seen anyone achieve investment success based on their feelings.

When it comes to cryptocurrency investment, if you don’t spend more than 3 months seriously studying Bitcoin, I think you are really not qualified to invest in the cryptocurrency world.

In addition, the above-mentioned way of investing based on feelings and random targets is basically the thinking of the poor. They treat their money very casually. However, most of the rich people I have met are serious about the use of money. Every penny spent must be carefully considered and judged rigorously.

I have said so much before, but maybe you, who are already facing losses and are heavily in debt, think it is all nonsense and are eager to know what to do. Then I will tell you a few points:

1. First of all, you must accept this reality.

Accepting reality is the first step to solve the problem. Otherwise, it is meaningless to be immersed in pain and depression all day long. If you look at life in a long term, what you are experiencing now is just a fragment of a process. Think about life, except for life and death, everything else is trivial. People's inner strength is often tempered in lows and difficult situations. When you really stand the test and become strong, you will find your unlimited potential. You are no longer the same person as before. Cross the hills and be reborn as a new self.

Second, we must learn to review and reflect, and draw real experience from it

Carefully reflect on yourself in this process, why did you lose money? Write it down one by one with a pen, and analyze yourself deeply. Only in this way can you improve yourself fundamentally.

3. Be patient and perseverant

You must understand that "money doesn't come easily". You must never have the mentality of wanting to turn things around immediately and get rich instantly. This will only lead you to the abyss and lead you to self-destruction.

Think long-term, make careful plans and use time to exchange space. The cryptocurrency industry is still in its early stages, and there are too many bonus opportunities. But the premise is: you must have enough patience to "sleep on straw and taste gall", and you must also be diligent in making money off the market, as well as have a high degree of self-discipline, find a guide and continue to learn. Wait for the real opportunity to come and achieve a steady wealth leap.

The three months from the end of 2018 to the beginning of 2019 were the darkest moments in the cryptocurrency industry over the past five years. Many people sold their shares at that time, but in the long run, that was a golden opportunity to build positions. In just three years, BTC has increased by more than 20 times, and ETH has increased by more than 50 times. Even if you only held 30,000 yuan at the beginning, you would have made more than one million yuan in three years.

If you really want to embark on the right investment path, have a better plan for yourself, and get certain results, you can also consult me ​​on WeChat.

I have already explained the recent market situation very clearly and specifically in "How to plan in the current bear market?" the day before yesterday. If you haven't read it, you can go and have a look.

There is a philosophical poem in "The Augmented Collection of Wise Sayings": It is difficult to grow up without experiencing poverty, and it is difficult to grow up without experiencing setbacks. Since ancient times, heroes have emerged from purgatory, and entered the mortal world with wealth and honor.

God helps those who help themselves! Don't be discouraged, everything will be fine!