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Forum » what is your worst investment ever?
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Thread: what is your worst investment ever?

post 1651961653 12-04-2021, 10:56 AM
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what is your worst investment ever?

mine has to be:

- 2 crypto altcoins i bought in 2017 named "Snovio" and DeepBrainChain". Lost 90% of my investment lmao. Snovio went bankrupt and vanished into thin air. lost 5k USD
- bought WISH stock 2-3 months ago at $7 for about 20k USD. this motherfukking chit company keeps reaching new all time lows. currently down -55% (about 10k USD) or so but im not selling either this chit goes bankrupt or rises from the ashes

honorable mentions:

- bought AMC at $14 earlier this year. Sold at $7 with -50% loss (lost 2k USD). A couple of weeks after this AMC moons several hundred % to $75
- bought TSLA stock for $600 for about 6k USD earlier this year. Sold with 10% profit recently. Two weeks after this Tesla moons more than 100% to $1250. guess what i used all the money i sold TSLA for? i put it all in WISH trying to "average down" lmao FML i suck at this

also i was in the original GME squeeze and at one point i was up about 80k USD but i did not cash out. cashed out when it crashed with 20k USD in profits
post 1651961743 12-04-2021, 10:58 AM
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  1. Destor
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I bought a $2600 ottoman, waited like five months for it to be delivered, and the dog chewed on one of the walnut pieces the day it arrived
post 1651961853 12-04-2021, 11:01 AM
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  1. Visel
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$RIVN.

Lost like $8kish investing in it on market open Day 1 at $112, and it dropped that day into the $90s. People, including financial analysts, were criticizing it being overvalued at the IPO price of $78/share, let alone the $105 it actually opened with. Then I sell, accepting the loss, and it zooms up to $175 within a few days. Unbelievable.

That was my biggest mistake. Thankfully I rebounded a week later by buying some options on $NVDA prior to its earnings report, making over $10k profit. But I'll never forget the feeling of $RIVN.

Now I'm currently $10k under playing options on the $AGC->$GRAB SPAC Merger, but I've doubled down to average down my cost basis, haven't sold, and have 2 weeks for it to rebound. Not a loss until you sell, is what I learned from $RIVN.
post 1651962043 12-04-2021, 11:05 AM
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In on crypto and memestock regret thread

No regerts on ethereum crew

Ethereum standing strong crew
post 1651962393 12-04-2021, 11:16 AM
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#5
  1. MotorCityCobra
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Originally Posted By Visel⏩
$RIVN.

Lost like $8kish investing in it on market open Day 1 at $112, and it dropped that day into the $90s. People, including financial analysts, were criticizing it being overvalued at the IPO price of $78/share, let alone the $105 it actually opened with. Then I sell, accepting the loss, and it zooms up to $175 within a few days. Unbelievable.

That was my biggest mistake. Thankfully I rebounded a week later by buying some options on $NVDA prior to its earnings report, making over $10k profit. But I'll never forget the feeling of $RIVN.

Now I'm currently $10k under playing options on the $AGC->$GRAB SPAC Merger, but I've doubled down to average down my cost basis, haven't sold, and have 2 weeks for it to rebound. Not a loss until you sell, is what I learned from $RIVN.
RIVN is still way overvalued but damn that sucks, that chit was insane
Originally Posted By monster0ultra⏩
I'm down 6K on safe responsible index funds, LOL.
lmao did you go all in at all time high? classic
post 1651962773 12-04-2021, 11:25 AM
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#6
  1. 5x10
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Originally Posted By Destor⏩
I bought a $2600 ottoman, waited like five months for it to be delivered, and the dog chewed on one of the walnut pieces the day it arrived
you buy furniture as an investment?
Dallas Cowboys

Lifted for 30 years

Ass > tits
No Debt Crew
post 1651962933 12-04-2021, 11:28 AM
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Originally Posted By Destor⏩
I bought a $2600 ottoman, waited like five months for it to be delivered, and the dog chewed on one of the walnut pieces the day it arrived
fuark i just ordered 10k in furniture pieces and this is my greatest fear when its delivered 3 months from now
post 1651962973 12-04-2021, 11:28 AM
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Originally Posted By 5x10⏩
you buy furniture as an investment?
everything is an investment except consumables id wager
post 1651963043 12-04-2021, 11:29 AM
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  1. ayyy
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i have more money in MNMD than im proud of and lemme tell you it has not been a fun ride
Official LTC representative
post 1651964143 12-04-2021, 11:51 AM
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#10
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2k into loge




still waiting for lambo season
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post 1651964163 12-04-2021, 11:52 AM
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I've had a couple bad losses with Options. But I've also had some big gains, so it kind of equals itself out.
post 1651964363 12-04-2021, 11:55 AM
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Bought 20k of bitcoin at 12k and sold at 30k. Feels bad man
post 1651964383 12-04-2021, 11:55 AM
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Post deleted by user
post 1651964603 12-04-2021, 11:59 AM
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Drunkenly ought a box of 300 knives off of late night TV to sell. My rationale: "I could sell these for $2 a piece and double my money!" Ended up selling like 2 for a total of $30 and eventually giving the whole box to a friend.
.:MiscMarioBrahs:.
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post 1651964643 12-04-2021, 12:00 PM
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  1. steffo99
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Originally Posted By MotorCityCobra⏩
mine has to be:
- 2 crypto altcoins i bought in 2017 named "Snovio" and DeepBrainChain". Lost 90% of my investment lmao. Snovio went bankrupt and vanished into thin air. lost 5k
Small world. I was actually into that ICO (Snovio) and it went ballistic for a short time and made me temporarily rich..and as it kept dropping from there, I trusted a key person having made many good deals for us as he kept saying something big is coming for them. But as it turned out nothing happened it it went to ****. Lesson learned...don't trust any hype, not even from ppl having previously made you money.

Even though this one hurt the most it wasn't the worst in a sence - been into one or two rug pulls or other scams - part of the deal getting into projects early. Overall it has worked out though.
post 1651964933 12-04-2021, 12:05 PM
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Originally Posted By Visel⏩
$RIVN.

Lost like $8kish investing in it on market open Day 1 at $112, and it dropped that day into the $90s. People, including financial analysts, were criticizing it being overvalued at the IPO price of $78/share, let alone the $105 it actually opened with. Then I sell, accepting the loss, and it zooms up to $175 within a few days. Unbelievable.

That was my biggest mistake. Thankfully I rebounded a week later by buying some options on $NVDA prior to its earnings report, making over $10k profit. But I'll never forget the feeling of $RIVN.

Now I'm currently $10k under playing options on the $AGC->$GRAB SPAC Merger, but I've doubled down to average down my cost basis, haven't sold, and have 2 weeks for it to rebound. Not a loss until you sell, is what I learned from $RIVN.
I like your computer
post 1651965123 12-04-2021, 12:12 PM
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#17
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seems like betting big is the best
post 1651965433 12-04-2021, 12:19 PM
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I tried to help a Nigerian Prince once but we lost touch.
FL > PA
post 1651965833 12-04-2021, 12:27 PM
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Few Amazon purchases I don’t use or used once
post 1651965853 12-04-2021, 12:28 PM
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Misc. Platinum membership
post 1651965863 12-04-2021, 12:28 PM
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Also car loan

Should have just bought it out in cash

Fuk
post 1651966113 12-04-2021, 12:32 PM
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My time spent here
post 1651966343 12-04-2021, 12:36 PM
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Titanium block chain

Snovio

eBitcoin
Fattest: 334lbs

Now: 258

Goal: 224
post 1651966403 12-04-2021, 12:37 PM
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Originally Posted By ProudKraut⏩
Misc. Platinum membership
Best $350 I ever spent tbh. Worst was norton antivirus back in the day. Updated yearly too.
post 1651966793 12-04-2021, 12:44 PM
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My T800 . I spent over 4K on him, and all he does is scare the chit out of me on occasion

Back with my Fam
post 1651966913 12-04-2021, 12:46 PM
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Irish girl named Colleen
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post 1651967973 12-04-2021, 01:07 PM
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Originally Posted By ayyy⏩
i have more money in MNMD than im proud of and lemme tell you it has not been a fun ride
damn i remember when MNMD was hyped on several forums including reddit WSB and stock forums and it mooned
post 1651968133 12-04-2021, 01:10 PM
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Down like 11k from weed stocks
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post 1651970233 12-04-2021, 01:59 PM
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Bought a 30 pack and two days later it was just an empty box.
"To be a warrior is not a simple matter of wishing to be one. It is rather an endless struggle that will go on to the very last moment of our lives. Nobody is born a warrior, in exactly the same way that nobody is born an average man. We make ourselves into one or the other."-- Carlos Castaneda
post 1651970983 12-04-2021, 02:17 PM
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Originally Posted By Silencespeaks⏩
Marriage
came in expecting this one.

misc did not disappoint.


-60k net loss just on wedding stuff alone
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