/biz/ - Business & Finance

i went 290k to like...25k? i do not know how or why i have no killed myself yet but here we are, waiting for round 2.

Somebody knows what happened to the DeepBrain Chain guy?

>>16511223
Man I miss DeepBrainChain guy and his smugness:)

>>16511223
>>16511267

Probably killed himself. There are various cases reported of crypto suicides, not really a laughing matter. I dont blame them though.

i will say, losing a quarter million dollars in crypto did spur me to take my profession a lot more seriously, and i am making 40k more today than i was a few years ago (i'm a developer). so i guess that's good. probably why i haven't killed myself.

>>16511324
this, find ways to improve your wage cage situation and then you can put off killing yourself a bit

>>16511339
yeah, i mean, i'm still miles ahead of almost everyone around me so i'm def not complaining. in the end it was just an insane ride and, retardedly, i don't regret taking the chance of riding from a quarter mil to a million in profits. fuck it. if the space ever does recover then i guess i'll sell more on the way up but i'd probably take that chance again if it were handed to me lol

>>16511200
Bro I literally am in the same situation, when XVG ran I sold but not fast enough and barely have anything now. Also a developer. Fucking hell I'm so sad. I'm buying more and more now to try and get lucky again but who knows what's gonna happen :(

>>16511200
From 1.2k to this and I took out my initial investment and like $1-2k but I could have bought a house with this shit

you guys have a weak ass pull out game
I put 750k out of my 1m into USDT/USD back when price was $17,800

initial investment was like $20k

and yes I will never stop browsing /biz/ even if I would have made $10mm

>>16511539
btw the reason I only withdrew on July is because you guys literally have no idea how hard it is to get your bank to accept money from this ponzi scheme money, about 6 months of KYC/AML before they let me do it

>>16511554
Tbh I got scared of this and taxes which is why I never pulled out

I went from $60k to literally $0..now I only have 1.25 eth that I bought at $180 and $210. Life sucks.

>>16511200
>>16511441
why hold on to a bunch of pump&dump shitcoins though? don't you understand how liquidity works?

>>16511790
For most of us crypto was our first exposure to investing and we didn't realize how fast it would go away. Also, back then, things would dump and as long as you held they'd go back up. So we were trained to not sell because the prices would go back up. It's not like we didn't realize our gains were insane.

>>16511200

>>16511790
Idk man I was 21 and had $34k overnight, I got scared and did nothing

>>16511816
Def this

During the actual first sell-off around July 2017. Little did I know that the greatest ponzi in the history of mankind was about to start. Ended up with 70k$ at some point and lost it all from hodling through most of 2018. Never forget.

>>16511821
Jesus this is either a meme or you're the richest person I've ever seen, wanna buy me a house

>>16511200
>XX.XXX,xx

>>16511821
what the motherfucking actual fuck is this shit

>>16511821
>he doesnt have 4 million btc
ngtmi

>>16511539
Based desu

No one remembers the guy that lost a million dollars with Obsidian?

>>16511861
this

>>16511790
>how liquidity works?
what do you mean?

>>16511821
If this was real I'd quit my job and work as your personal assistant for as long as you wanted

I just want to start my own company and stop getting fucked by my employer, but guess I'll just sit here and wageslave for the next 30 years of my life, fuck.

>>16511200
I went from like 10k to 180k, to 20k. not that bad to be honest, but it still hurts my heart to think about it.

>>16511281
>not really a laughing matter

>>16511816
this, it was full euphoria and mania also. I was convinced I was going to get to $1M.
I was younger an retarded, now I know I should DCA, not invest too much and take profits.

>>16511950
how do you know when to take profits? Do you sell in pieces and make peace with the fact you probably won't sell the absolute top?

>>16511860
>>16511863
>>16511919
>imagine even thinking this might be real

>>16511200
>0 BTC

>>16511937
ebin

>>16511962
Kek


>>16511970
You really don't know, but learning from my experience I'd personally say to sell when BTC is looking ready to take a dive. Next bull run I'm taking USDT profits and getting the hell out and buying another house

>>16511200
I went from 1.8mil to 120k.
>still holding
JUST

man i should have cashed out. i lost all my money too and it hurts.

i was one of the funfair guys and shilled this shitcoin all day long and put all my money in it.

i wanted to make it.

>>16511970
Yes. It took so fucking long to learn, but every giant green candle, sell a piece of your stack. Nothing just goes straight up forever. When it dumps, buy back and increase the stack.

Literally just keep buying low and selling high.

>>16512032
But like don't you have to pay taxes on each sell? Fuck that, I just keep the stack until it moons and then unload it all

>>16512023
Did you sell at a loss? Just wait for the next shitcoin run, crazy shit happens during altcoin season. I'm already loading up on a bunch of autistic biz picks again (like RSR), never doubt the autism

>>16512042
>actually being scared of trading taxes between random shitcoins.

You're thinking too far ahead. All exchanges that aren't pajeet-run these days will keep your history anyway, so it wouldn't be a problem. This was only an issue for people that traded before the era of Binance.

Your logic of selling only when something moons is the exact thing that causes FOMO when you sell it all in one pump, then it keeps pumping and you buy back in wanting to catch more of it. Selling in pieces prevents the emotions from taking control.

>>16512071

i havent . thats the problem.. most of my money was in funfair and it crashed so so hard.

>>16511281
> not really a laughing matter.
Go back nigger

>>16512074
I guess. I just wrote my own trading bot to basically do what you're saying so hopefully I don't get fukt by the IRS

>>16512086
Just wait for it to be revived by pajeets in 2020/2021 and put more cash in lots of mid-MC coins. That's what I did

>>16511539
what app is that?

>>16511970
very hard to know to be honest, specially if we are talking about a bubble, you truly don't know where is the top, nobody actually knows, despite what they say.
I think it depends a lot on what you're planning on doing and the projects you're investing. Crypto should never be your only investment obviously. But if we're talking about projects like Chainlink, which, if they work they could be worth A LOT, then you should plan on selling every X percentage. You also need to know how much you're willing to lose, and how comfortable you are with the price movement. Example:
Let's say I buy 10,000 LINK at $1. Then it goes to $4. At this moment you could evaluate and think... well it could go much higher, but also lower. Am I willing to risk this opportunity to at least cash out some % of what I invested? How would I feel if it goes back to $2, or $1, or even lower? At the end it depends on what you think will happen with the project long term and how you feel about losing or gaining X amount. One thing is clear though, and I learnt it at the very start of 2017:
1. NEVER FOMO BUY.
2. NEVER PANIC SELL.
You should use your head whenever you're feeling strong emotions. Every moment you feel some kind of uncomfortable euphoria inside your chest and the need to market buy (FOMO), or you feel extremely discouraged and depressed and want to sell (panic selling), STOP for at least 1 minute and think rationally, DO NOT act on your impulses.
Also, if you made a move, like you sold 2000 LINK at 4$ and got 8k back, and it keeps going up. DO NOT feel bad, do not feel guilty. Stick to the decisions you made. If they are rational then they are OK. The only time you change your mind is when you realize your first move was actually retarded and based on emotions, then you correct your course.

>>16511970
>Do you sell in pieces and make peace with the fact you probably won't sell the absolute top?
>>16512132
Also, you're right. You sell in pieces, you will NEVER (99% of the time) sell the absolute top, it doesn't make sense, it's almost impossible. Just as you will never buy the absolute bottom.

>>16512032
cool thanks, that makes sense

>>16511221
Because chinks broke your housing market, everything inflated violently around that and 300k is not lifechanging for you. I honestly don't know how people who missed out on life changing money cope. 300k isn't enough for you to imagine how your life would be any different other than maybe gambling it in index funds instead of crypto.

>>16512132
I've already learned a bit about fomo, after I noticed prices dropping every time I buy lol. I'm getting better at that. Feeling no panic though, I'm too new to crypto to NOT want prices to go down in the short term. thanks man

>>16511821
damn rothschild that's some nice numbers

>>16512182
The amount of propaganda per word in this post is ridiculous.

>>16512087
Financial suicide is so funny. I can relate man.

>>16512182
this is very true. even with an extra 300k i wouldn't be thrilled about buying a house because the house would be shitty in a mediocre neighborhood. it just doesn't really matter.

>>16511281
>not really a laughing matter
yes it fucking is

i dont have any pics because it would make me depressed but I had over 100k in jan 2018 (I put 10k into the REQ ICO) and now I have 2k.
>why didnt you sell at 90k? 80k? 70k? 60k? 50k?
because im a fucking retard and i deserve to suffer

>>16511539
>bitbean
Mah nigga

started with 4k, went to 21k and finished with 4k

I honestly didn't regret not selling and would probably do the same again. If that bullrun lasted for another month (which I was hoping for) I could probably be a millionaire (in my shitty third world currency) by that pace, so I kept going. Only a faggot wouldn't risk the biscuit in that scenario

Started with 800usd 3 years ago. Cashed out 430k (peak ripple then peak btc) to become a rental jew.

>>16512132
Cringe
Tell me NOW what is going up the most in one, two and five years. I mean EXACT numbers!
What’s that? You can’t? Neither can anybody else. Bitcoin went from 10k to 20k to 6k to 13k within weeks and nobody knew where it was going and only those who guessed right made money. (Very very few)
Until then stop your shit talk and keep guessing

All blockfolios are LARP and cringe

>>16512439
>muh ethereum
KEK

>>16512595
I wish it was, newfag. These are real numbers

>>16512589

Defi icos look promising for 2020/21. I think bidao will be $0.5-1 1 year from now. Possibly a $10 token if the autist pulls it off.

>>16512132

> Also, if you made a move, like you sold 2000 >LINK at 4$ and got 8k back, and it keeps going up. DO NOT feel bad, do not feel guilty. Stick to the decisions you made. If they are rational then they are OK. The only time you change your mind is when you realize your first move was actually retarded and based on emotions, then you correct your course.

One of the concepts of poker is any fold or bet that loses but still increases your EV is good, same concept here, never feel bad for making the right choice even if it lost. At the same time, don’t feel too good for making the wrong choice, even if it won.

>>16511733

how do you go to literally zero?

>>16511860
>>16511863
>>16511919
>>16512232


hey you fucking dumbass pieces of shit. cant you see that number is 941 billion? yet you question if this is real. take your hands away from the keyboard, never type another sentence or speak another word because you are probably the biggest fucking retard alive and you will contaminate others with your stupidity

>>16511970
you sell a percentage on every giant green dildo when shits all over the news, green wojaks and portfolios all over /biz/ and even when grils post timestamps on here too. importantly, you also set high sell orders to catch wicks. then, on the way down you make a decision that you have life changing money and ruthlessly sell it ALL knowing that you'll be able to either buy a house and nice shit for a good few years or re-buy more of your stupid shitcoins at a lower price if you love them so much.

>>16512656
just seen this in another post and have had a quick look. anything near to 50c is a ridiculous estimate but I sure am liking the look of that autist anon. tell me more

>>16511200
Went from 1.5k to 250k then cashed out about 20k and now at like 10k left in. Hurts man.

>>16511221
>>16511200
I had my eyes on 1m and wouldn't let go. Probably 700k+ on paper to 100k or less, but at least I did cash out enough to not work for a while in each tax year dec/jan

>>16511554
You have to break it up into smaller pieces or they freak out. And I don't like risking having a problem with one tx. But I guess the tax nogs don't like that

>>16511950
Yeah that's the kind of logic that got me selling the majority of my btc stack in the 3 digits. Crypto is not rational

>>16512032
That's how you end up rekt, one time you buy back and it dumps so hard you lose gains

>>16511860
REDDIT WAS A MISTAKE SELL ANH LINK YOU MAY OWN NOW

Sold the shitcoins at -90% loss, but I still keep them to castigate my impulsivity every time I want to buy something new

You guys are FUCKING STUPID if you didn’t sell anything