/biz/ - Business & Finance

Take profits as you go. I only took enough out to last me a couple years and really regret it now.

Small time. I did manage to cash out enough though and havent had a job since 2017. Its good

>>13884051
Not really. I assume, like most of us at that time, that he had not held anything for more than year. If he cashed that shit out hed be down hundreds of thousands right off the bat and what was left wouldnt be enough to retire on forever.

>>13739984
Everything. I started shotgunning alts when I was able to drop 1 or 2k into them for no reason. 80% of them are dead projects now. I might only have 10k right now but I have been living off my crypto for a while. Havent had a job in 3 years.

>>13675143
Heres a cautionary tale. I got into this shit right before the early 2017 hype. I started with a pittance like you. I dropped a 100 bucks into ETH just to see then before you know it I had $300. This really sent me into a dopamine high, like with gambling. I started to spend every bit of my free time online at all times. Sometimes spending 6 hours a day reading /biz/ straight. Trying to sort between the scams that were gonna dump as soon as you bought em or the dumb shit that was gonna go 5x this week. my 300 quickly turned into thousands. i quit my job and started spending even more time on here. "if i play my cards right i could never have to work again" kept going through my head. i started spending 12 hours a day reading telegrams, scouring coinmarketcap for new coins, reading biz and even reddit even though I hate that place. i turned chump change into hundreds of thousands. i was gambling ETH left and right when it was worth 500 bucks. one night i probably gambled over 100ETH and came out ahead, just barely but it was so fucking great. it was worth a couple mil at one point.

i never cashed it all out. I didnt hold this shit for a year or more, Id have to pay half right off the gate. luckily i wasnt a trader. i was a microcap guy ya know. the thought of having to write a check to the government for more money than most people make in years sickened me. the thought of them taking my money and giving it to some junkie or some neet was bullshit. I figured if I could just wait a whole year then sell Id be fine. Then it all came crashing down as we know.

Now Im down 95%. Thankfully I had some good picks so their prices stabilized and saved me from having to get a job again these past 2 years or so. Been living off them for the time being.
I'm gonna get out while the getting's good this time. The sentiment around these parts and the sphere does remind me of the good old days. Put some new stuff in the blockfolio. Good luck.