/biz/ - Business & Finance

https://cryptohayes.medium.com/the-denominator-68c3ad8f4ae4

NOTHINGBURGER CONFIRMED

There are coins out there with no ledger/HW support, and every single holder plus the team/treasury are just using fucking paper wallets and shitty browser plugins that either store their seed words or require them to be entered in plaintext.

Whole projects just sitting there like that.

Terrifying.

>Another bankruptcy
>Market down 1 or 2%
>No one cares

Yea, I'm thinking the bottom is in.

>>49854276
>i lost 900k in unrealized gains

First time? Read Reminiscences of a Stock Operator.

Here are my drawdowns so far, from absolute wick tops (which aren't even real):

>$3000 to $400
>$180k to zero
>$1.1mil to 200k
>$50mil to 12mil

prove me wrong.

I have about $250,000 of capital pumped into crypto, over the years - from savings/salary, credit cards, huge bank loans, borrowing from friends and family, etc.

Loans are particularly good because once I pay them off all I've really "spent" is the interest paid. The gains were free apart from that. Literally free money.

Anyway - tonight my stack is about $3.25 million.

"only" a 13x or so, overall

> HAHAHAHAHAHAHA THAT'S SHIT I 10000x'ed on HAMBURGER FARMING COIN LAST YEAR

Yes but you started with 1 rupee, plus lost it all anyway on hotdog coin the next week.


The more capital you can get together to invest with, the more patient you can be, the fewer risks you need to take with shitcoins, etc. It is overall a lower-risk strategy. You can just calmly get a huge position in whatever coins you know will be long-term winners and chill, wait, let the millions roll in.

NB borrowing money to invest is only a good idea if you actually adopt that proper strategy. Do not use it for retard plays like high leverage dumbfuckery and reckless shitcoining. If you're a degenerate mongoloid then stick to losing $500 at a time, don't burn a big loan on rugs.

But if you have the self control and right brains for this then borrowing money and scraping together everything you can is the absolute best strategy.

> b-b-but you should never invest more than you can afford to lose

meaningless drivel, hollow gatekeeping words designed to stop people making it.