/biz/ - Business & Finance

>>57758834

1. Get in low, so when it pumps you have much further to fall and more time to get out. I bought in at 20k when everyone was foretelling the end of bitcoin. It wasn't the end then, the last 4 times it dumped, and it won't be the end the next time it dumps either.

2. Never put in more than you can afford to lose. I had a spare 3k I could afford to lose, and felt like gambling. Now i'm up a solid chunk of money.

3. It's just money, and so long as you're not in your mid 70s, and can still work a job, there will be more of it, and losses aren't the biggest deal in the world.

4. Line goes up, line goes down, line goes up, line goes down, line goes up! etc etc etc

5. If you can't handle the heat, get out of the kitchen. Some people can't deal with crypto OR stocks. My brother and I bought bank stocks with some of our grandmas inheritance 20 years ago. During a bad market cycle he ragesold, and got out with a little over a hundred dollars just above his initial investment. I've held and never sold the stock, and made back 10 times my initial investment in dividends. The market always comes back, and if it doesn't then it's the end for us all and nothing matters anyway.

line goes up
line goes down

>>49426948
line go up, line go down