/biz/ - Business & Finance

>>19675267
>oldfag
>2017
Pick one

>>19675288
Can we get a good thread on here for once? I’m assuming by your answer you weren’t there, hence you’re a newfag. Is richfags better for you anon?

>>19675267
2017 really was something, lad. Peak memes and almost every shitcoin mooned no matter how useless or blatant scam it was. It was the tulipmania 2.0. I don't think it will happen again anytime soon. In the long run, only very few coins will survive if they're any useful. Better invest in pennystocks.

>>19675267
it was pretty hilarious granted i joined late 2017 around august. Every shitcoin and its mother was doing at least 10x. Every single one it was insane waking up after buying some retarded coin like flik and making 10x.

>>19675344
Will the board ever be how it was again? It makes me sad to think about how happy everything must’ve been. Literally impossible to not make money. I wish we could just get another huge bull run like that again

>>19675364
Now we just get scammed on uniswap shitcoins with pajeets shilling all day): and rarely any coins are going x10 despite a few select coins like STA and HEX, however those aren’t even comparable to the gains seen in 2017

>>19675373
>Literally impossible to not make money.
haha yeah anyone who was on /biz/ daily in 2017 and investing in crypto definitely made money, i know i sure didnt lose money buying a mix of actual garbage and ICOs

>>19675396
You’re not going to tell me you weren’t all in bitcoin or ethereum r-r-right anon?

>>19675373
it's better off not being the way it was to be honest. It was almost entirely about crypto except for the stockmarket/metal general and the occasional "how much (insert shitcoin) to buy this hottie?"
There was a time you would just go to a website with all the new shitcoins being released, dump $100 on it, wait for 2 days, and then cash out your $300 and move on to the next one.

The memes were good but now there are actual discussions about finance and business instead of just throwing blind darts at random shitcoins and hope for the best

>>19675267
It was a euphoric time.You would check your portfolio and be up thousands of dollars in just a few minutes. Everything mooned and everyone felt like a genius. Then the crash happened and everyone thought it was a temporary dip. It wasn't until summer of 2018 that everyone realized it was over. I have not been able to feel that again even though my portfolio is worth almost double
what it was at the peak of 2017.

>>19675458
I feel like that’d be the worst part. How the fuck did anyone know when/if to sell? Being me I would’ve sold Ethereum at $100, no way anybody could’ve possibly thought it was headed for $1000+

>>19675313
I was there you goof. But I was a newfag and didnt know better. Still rode neo and omg fairly well tho. Didnt buy link till feb 2018

>>19675531
I can only imagine being all in on NEO... wonder where those anons are now

>>19675267
I made 20k profit with 2.3k (started in 2016), could have made so much more, didn't sell off most of my position until summer of 2018, but lesson learnt I guess. Market cycle physiology was probably the most impactful thing I had taken away from the experience as a bull.

t. Former crypto bull

>>19675582
Kek so many newfags got rekt but a lots of ogs made 100x from buying it when it was called antshares

It was retarded. Instead of actual tech coins would moon due to a fucking logo change. It didn't even matter if it was an obvious shitcoin, it would make money.

Bought 8k link at an average of 24 cents and sold 1000 OMG for $15.

Wish I bought more link but was an unemployed poorfag.

>>19675267

I appreciate your willingness to learn from the experiences and mistakes of others, so I'll offer what I learned:
1) Taking profit is never a bad idea if you've at least 2x'd your money. It felt like a waste at the time because people were making 30x left and right, but everything ends up cratering to 0 if there is no TRUE and REAL VALUE being produced by the project.
2) If you're going to invest, don't go all in on any one thing. (Except LINK, of course). You need a surplus of fiat waiting on the sidelines to seize opportunities as they arise. And you can't do that if all your capital is tied up in some shitcoin. That's also a great way to bleed money, jumping from one thing to the next without a solid plan.
3) What goes up must come down. Actually, it's kind of like sex. The average coin/project will have a slow buildup, sudden and violent climax, and then a long, slow, bleedout to 0. However, rarely you'll find a project that has the ability to keep going after multiple climaxes, and then just continue pumping (after a few rests, of course). The vast majority, however, die with the first jizzing, so get out then.
4) Your first time going from a couple thousand dollars to $100k over the course of a few months is an unimaginable feeling of euphoria. The first time I watched my $100k divebomb to $10k over the course of a few days was an unimaginable level of darkness and horror. However, as a result of going through those experiences, I am now immune to such such wild emotional swings. You need to be cold and emotionless about your investments, or you'll end up getting fucked.
5) At the end of the day, you're investing in PEOPLE. The people that comprise the company you're investing in. You can have an amazing, revolutionary idea, but if the people behind the product are A BUNCH OF MOZZARELLA CHEESE EATING FRENCH FAGGOTS WHO CONSTANTLY "PIVOT" AND CAN'T DELIVER ON ANY PROMISES OR ROADMAPS... well, you'll eventually get rekt.

>>19675267

fucking imbeciles lmao

what happened in 2017 is that the whole world, whole Asian countries FOMOed because it was novel and unheard of for the normies.

THIS WILL NEVER EVER EVER HAPPEN AGAIN, same as you will never have sex first time again or there will never be another iPhone craze

those kind of events are singletons lmao

crypto had been peaked the second time at 10k, thanks to binance and other casinos, and now the bubbles are bursting.

What binance and other online casinos managed to accomplish is quite impressive, but, one more time, you cannot be young again.

now fuck off

/thread

>>19675267
I was 16 and turned 300$ to 700$ for the first time in my life. It was so unreal to me, nowadays I rarely browse /biz/ and hold my small LINK stack with a steel grip.

>remember digibyte
>remember mooncoin
>remember reddcoin
>remember tron
>remember siacoin
>remember bancor
>remember BAT
>remember steem

>>19676178
>no bitbean
Ngmi

>>19676191
Member

>>19676031
Thanks for this post, anon

>>19676267
I member

>>19676031
>MOZZARELLA
THERE IT IS

>>19675288
This

Fuck you OP

>>19675267
>bitcoin will collapse after the halving!!!
Some things never change

>>19675373
There’s two types of people on biz, morons and people slowly getting rich off link. Wait till link really starts pumping once something like steaking is announced, all the link OGs will come out of the woodwork and freak out.

>>19675267
I saw ETH selling for less than a penny a share. I ignored it because I don't lurk /biz/ for shitcoins. It was shilled daily.

one day I came here and everything was shitcoin threads, no business posts at all. No legal posts, no startup posts, just shitcoins. ETH was $10 per share. So I fucked off.

It stayed that way until last year. I didn't get rich, the bullrun killed /biz/ for 3 straight years. It was nuts but I missed most of it, thank god.

Pure euphoria. Rode verge and neo into the atmosphere. Got greedy and lost 90%. Still came out in profit but could have gotten out and set myself up for life. Oh well. Live and learn.

>>19675267

I was a student then and discovered crypto markets early december, bought TRX to the top and lost like 70% of it.
It wasn't a big investment but I learned a lot getting rekt.

Then I found a job and invested a lot more into really small caps (~1M) projects in 2018-2019 ans i'm already X20 on my initial investement. Keep adding more waiting for the cycle to repeat.

>>19676842
Oh and I also spend hours learning TA technics, all of this to conclude that the only relevant tools are supports/resistances, MA and RSI

>>19675267
Old fag here
>Did you make a lot of money?
Yes.
I bought $75,000 worth of Ethereum at about $0.6 and sold at $800. Made about $100 million.
>Do you think it will ever happen again?
Yes.

>>19676922

> Ethereum
> $0.6

i turned $20,000 into $120,000 into $7,000.

>>19676031
>you eventually get REQT

>>19676922
when will it happen again? im guessing 2026

>>19676031
>Your first time going from a couple thousand dollars to $100k over the course of a few months is an unimaginable feeling of euphoria
Indeed it is. My link stack peaked at 100k exactly during the run up to $5. I remember checking the link chart every 15 minutes and making thousands of dollars in gains every time I hit refresh. $30k profit in one day feels like pure fucking sex. Losing $30k in one day...not so much. But after enduring wild rollercoaster rides like that, I can hold through anything now with a straight face and no emotion

The first time I bought BTC was just before it started taking off at $215, but it was just a few $15 intervals so I didn't have much.
In 2017 I was 16 and I daytraded $300 into nothing on nonKYC poloniex/margin on bfx lol. the funnest part of 2017 was how unregulated and ridiculous the whole thing was.
I tried to mine ETH in early 2017 but my computer needed a new PSU (would've mined 1 ETH/mo on a rx 570 lmaoo).
I know now that the key is to invest instead of trading, and I've got a pretty nice stack of ETH from student loans (subsidized)/working

>>19675458
>tfw portfolio now worth as much as it was worth on Jan 10 2018, the peak.
>and yet crypto is not overhyped as it was back then
>and there's barely any normans buying
Thanks, sir gay, and go Nevin.

>>19675582
I was all in on NEO. Still not retired.
I also had BTC in 2013.
Most 2013-ers lost their bitcoins lmao. And I was a poor Eastern Euro who can only get his hands on 2.
You didn't miss out on that much. The board was objectively lower quality back then, too.
Plus, people actually bought Digibyte at 4-digit sats.

>>19677580
P.S.
When I was spamming "Project NEO is literally unstoppable" with my 1K ANS stack, people were mocking me and buying QTUM instead.
There was a bit of a rivalry between ANS bagholders and NEO bagholders, pretty obvious who won but it's not like you would have definitely made the right calls back then.
>LINK
Also as much as LINK was great, it was one of the poorest performers in 2017 and many of us had way too much of it to chase the real moon missions. It took 3 years and a google announcement to give me the LINK gains that I received from holding DNT for a week. Everything mooned aggressively, LINK mostly stayed stagnant. It really was only good if you're already a millionaire (since unlike shitcoins it's legit and has volume). But for $1000 entries, it was probably the worst coin to hold, kek.

>>19677659
> between ANS bagholders and NEO bagholders
meant to say between QTUM and ANS/NEO bagholders

Most aren't on biz anymore

It's unironically over guys. You know what to do. This for for 2017 /biz/ you fucking cunts

Invested 200€ and peaked at 18000€. You could buy anything and just wait for some days and the shit did a x5 at least. Unfortunately most of the time I was paranoid that I got scammed by some pajeet and sold way to early (RDD, antshares, Ark), but still with a big profit.
Despite this, /biz was a pretty based board and from time to time you got pretty good help. I am sure a lot of anons made enough money to retire and also left /biz because nowadays its complete shit.

>>19675288
Based and checked

>>19676031
Blessed post

>>19676031
Thanks for your insight

>>19676031
>Except LINK, of course
you should also have some LP and ETH too