/biz/ - Business & Finance

Hello, I started this shit in 2016 and made a decent bit of cash since then, but I also lost everything multiple times before I learned some hard lessons.

Allow me to give you some wisdom.

1) Shitcoins are not for holding.
2) Do not become emotionally attached to your shitcoin. It's a data set on a ledger, it's not an actual coin, its not an actual meme.
3) Brown people = lose money. If the community for the thing you are hyped about is predominately brown, your finances are in danger.
4) The moment you feel like a genius and like all your life problems are solved, is what 'euphoria' is. It takes incredibly discipline to actually sell something at this point, but you really should secure some profits.
5) 'My shitcoin will bounce back' - no, it probably won't. The history of crypto is a graveyard of dead flatlined shitcoins.
6) Don't chase a pump. If a shitcoin is up 90% in a day, chances are you missed out and it is going to correct extremely hard soon. It's tempting to jump in and pray to get a nice bump, but most people lose with this strategy.
7) Nobody is fudding your shitcoin. There is no conspiracy against it. More likely is the possibility that people who aren't emotionally invested noticed it was a turd and pointed it out. Nobody has the time, money, or inclination to run a negative marketing campaign against your random piece of shit. You know its true.
8) Lifestyle creep can eat into your crypto earnings and holdings. You should enjoy yourself if you make some money, but if you let it get out of control you can find yourself back in square one really fast. For example I spend around $200,000 on vacations, parties, women, rental vehicles, etc before I knew it. Some of it was worth it, but most of it was not.
9) The ultimate luxury is a life free of stress. If your crypto is stressing you out and causing you worry and anxiety, then it means your quality of life is degraded. It's okay to step back for a bit. Close some positions, get safe, chill.

>>53676134
>soldier
https://www.youtube.com/watch?v=wTP2RUD_cL0

>>52360807
Yes.

>>50642593
I've never been but I can imagine it being a good choice for 18yr olds who need someone to pay their way in college/trade school.

>>50427476

Most of the planet lives peacefully under the
Pax Americana

>>50300869
>upholding principles of independence worldwide is in the best interest of all.

In other words "We would rather all Ukrainians die and the country burn to the ground than Russia have it!"