/biz/ - Business & Finance

I put $3k into link at 40c and two weeks later it was 17c but I had no money to buy more

>>21531026
I made a lot of mistakes and lost half my link stack that I bought at $4 and also $4000 during my first month. I think everyone has a phase at the start where you’re learning how everything works and learning your own limits and weaknesses. I made all my money back but I’m still stuck with a linklet stack. I even got a 40x two weeks ago

>>21531026
I put $30k into crypto last week for the first time and I’m up $6k

>>21531026
I bought Link for less than $2 and made small gains from shitcoins on idex

>>21531026
I opened a CEX.io account because at the time they were the only non KYC solution available to me that didn't look like a scam and then went on to buy up 50% of the XRP and XLM order books thinking I could be a whale.
I sold at a loss 12 hours later because I had no idea what I was doing.

>>21531026
im trying to make it with just $100
i-its not i-i-impossible, right frens?
im hungry

>>21531026
i mined btc on a laptop on btcguild, it was fun

>>21531026
Bought Confido. JOOST

>>21531722
i worked for them in the early days, back when they were a mining pool with ghash.io and owning nearly 51% of the network as a result of their hash rentals

>>21531026
I bought at the top of a micro peak and fornthe the next month or so everything was down 15-30% for weeks.

>>21531844
It’s possible but a double edged sword, you likely to win a high risk shitcoin flip to really get started but you’re more likely to just lose your $100

When I first got into crypto I mined doge when it first came out in 2013, didn't sell it until a few years later just a few months before everything started popping off in 2017.
When I first started putting money into crypto was around april/may 2017, I got baby's first coinbase account and every week I'd send my max weekly limit of $100 or $200, all to buy ethereum, and it kept going up.
Eventually I had enough of coinbase high fees and signed up to quadrigacx, and walked into my local bank to wire $5k to a random bank in japan.
I was planning to dollar cost average over a week or two, but that night I fomo'd in and eth dropped 20-30% over the next few days.
Felt like I bought the absolute top but it didn't hurt too much because I had already been buying for a few weeks at that point.
I kept holding and after a few more weeks eth pumped even higher. Way higher.

>>21531844
Bro you need to get a job

Bought xvg and xrp Dec 11 2017. They both 10x'd or so shortly after but I had no clue what I was doing and never took profits. I feel like there's a pretty steep learning curve if you're brand new to investing

>>21532755
>Bought xvg and xrp Dec 11 2017.
i hate everyone like you

>>21532646
i have one, but im not likelly to go far (college dropout, tech industry)
it barely pays the bills and keeps me fed with rice and water

>>21532783
Cool

>>21531026
I looked around at how to buy BTC (the only cryptocurrency). I had 2 options as I wanted to use the BTC on the silk road.
1. buy in cash posted to someone
2. buy in cash in person
I opted for the second, I was already familiar with how Bitcoin worked as I had been getting it through a faucet previously, pretty sure I had been given .5 btc. Met someone via localbitcoin i believe. He met me in a starbucks just near Vauxhall station (london). Had a lovely chat, he'd mined them himself (so he told me). Gave him £100 in cash, BTC was about $7 at this time. As soon as I got home, jumped on the silk road ordered some 2ci. Waited a few day & received it in the post.

>>21531144
>>21531211
>>21531466
>>21531722
>>21532178
Those are not cryptocurrency newfags or even 'crypto', thats blockchain. huge difference.

>>21532755
I did the same thing went from 2k to 30k over like 5 days and took 0 profit lol

>>21531026
I bought all kinds of shit and my folio went from 2k to 16k in the first month or so. Then to lower than 1k. Then I started buying LINK dips at absolute bottom levels from 20-30 cents. Now I have 250,000$ worth of LINK with 20,000$ taken profits with a total intial of 6000$. I think I did fine.

>>21533601
that's nice. I haven't made any gains yet but I'm improving
I think
I want long term holds, but don't have the funds so I'm trying to make fast gains first

>>21531026
Almost every reply here have been wild success stories. Encouragement is fine but keep in mind that the responses here are heavily skewed, as the people most likely to reply to your question are the ones who were lucky enough to do well when they first started out. Stay hopeful but stay realistic

bought BTC at $1300 in 2017, watched it collapse to $900 because of some meaningless drama but didn't sell, then it mooned to like $3000 a little later.

>>21534227
dude, i wasn't lucky nor was I succesful when starting out. I was down -80% at times during 2018. I just realised the potential and future worth of Chainlink in this space while all the dumb money was exiting and never coming back. I too bought a lot of retarded shit, one of the projects I bought 2000$ of went straight up bankrupt and I exited with 150$ a month prior. Just try to not put everything on the line in the beginning, no matter how confident you are because with a 99.9% likelihood you're wrong. Do research, try to create your own hypothesis for your investments and the anti-thesis for when you exit. Really put effort in and it will seem very easy, almost like pure luck, to make correct yet bizzare decisions like holding assets and buying more of them because you have a clear vision while they may be down in price 50 to 90%.

>>21534227
The reason it's optimistic is that if you're patient and have even the slightest ability to pick a good hold you'll win eventually. People only lose if they really chose wrong & it goes to 0 or they ragequit & realise the losses.

>>21533243
>not crypto
Unironically kys maxi. Nobody cares. They're blockchains that make use of cryptographic validation, and the use "coins". There's nothing Btc can do that a thousand vastly superior things can't at this point.

>>21531026
bought chainlink and tried to figure out what the fuck eth was

>>21534478
>maxi
retard
why do you newfags jump on this phase? I'd guess it out of arrogance.
>cryptographic validation
you obviously don't get it

Your bank account is 'crypto' by your retarded definition.
Daily reminder '17+ fags opinions are worthless.

You clearly don't understand why cryptocurrency is superior, its to do with the generation of new units faggot.

Got into mining BTC with NiceHash, then tried swingtrading with my tiny profit on coin base. Its safe to say I got rekt.

>>21534737
I'm more interested in the smart contract side of things and how to make money off a bunch of them for a long length of time. This is why I'm all in on the oracle standard.

I do understand the value of new generation of blocks in a PoW system and when 1BTC = 200LINK I will get my portfolio into a 5 BTC position.

>>21531026
Pic related

>>21535497
First off thanks for an actual reasonable response, I rarely come here anymore desu.

If you don't mind, I'd like to explain my position on this. First off, in '15 Cryptocurrency became regulated by the CFTC. The SEC was arguing that it was a security (I've put the paper below if you want to read it). Thankfully the based AF CFTC won. Now you might be asking why this matters. The SEC have said that 'coins like bitcoin are commodities', these ICO coins are no like bitcoin, they are not commodities, but securities.
These ICO coins are unregistered securities, lucky the SEC isn't doing their job, even on the regular stock market, but that doesn't free them from a civil case.

Take LINK for example, that broke CFC/AML/Series funding regs, sadly the vast majority of linkies don't understand what these are. Anon, please don't think the Cayman company will help them. smartcontracts are regulated by US Law via CFC (Controlled Foreign Corporation) regs & https://www.law.cornell.edu/cfr/text/31/515.329 . Most also forget that LINK is run on a PoW chain. Cryptocurrency is still the main form, it's just that newfags hate it out of ignorance or arrogance.


https://digitalcommons.law.msu.edu/cgi/viewcontent.cgi?article=1003&context=jbsl
The defintion below sums up this paper & cryptocurrency.
a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

>>21531026
>kms
:(

>>21534737
>Bank account is a cryptocurrency
Lmao, that's a new one creg.

>arrogance
Rich coming from you, you smug faggot. Why don't you try explaining your definition of a cryptocurrency in succinct fashion then?

>>21536230
Creg, why are you such a statist cuck? They aren't going to recognize you, ever. Just sign the wallet creg & the misery will end.

>>21536251
>Bank account is a cryptocurrency
Lmao, that's a new one creg.
God you're fucking dumb.

>Why don't you try explaining your definition of a cryptocurrency in succinct fashion then?
I already have retard >>21536230

At the bottom of the post you'll see the definition from Oxford dictionary ect. not some made up newfags tard shit

>>21536302
thanks for reminding why i don't come here

>my shit gpu is only mining a bitcoin per day
>fuck that i'll play games instead

>>21536358
>at the bottom
Oh I see it. Of course, it also describes a ton of other things in the space which itself makes your opinion the same joke it's always been. Oh wait, I forgot, it doesn't count because the SEC said blah blah blah.

>newfag tard shit
Cccrreeeggggg are you stiff creg?

>>21531026
I bought 1k dollars of link and held. I now have about 120k in crypto, it went ok.

>>21536406
No creg don't go nooooooo. Tell me again why the wallet doesn't mean anything & a bunch of pedophile judges in a court room does

>>21531026
-80%
it got better

>>21536492
work on your reading comprehension newfag

>2013
>btc start pumping
>at 300$ /pol/ and /g/ catalog were 90% about btc and /biz/ didn't exist
>put 1k to buy 2.5 btc
>it keeps pumping to 1200
>then goes down slowly over a few years and forgot about them until 2017
>managed to get a fair amount of cash with that during the bubble

Made 200k off of statera, went pretty well.

great. back in 2016 went from like 300 bucks to $6k in a week

>>21531026
I got in right before the 2013 bubble burst

>>21531026
>tfw I'm only down $10
>too scared to put more in

>>21531026
Not old, just flicked 20 bucks on a week ago and rode to 160 dollars but I'm now stuck and keep flipping between 150 and 170

>>21531844
Haha so I'm not the only moron here. I was up $30 but now down $10

I spent half my savings on Bitcoin when they were $1000 a piece late 2016, I freaked out when their price dropped to $800 each,

Anyways, I still have those Bitcoins, so just fucking hodl

>>21531026
>he didn't mine bitcoin in 2010

>>21531026
>2017
My buddy got released from prison. Did 3 years for buying drugs off the darknet. I saw him posting images and videos inside the special lounge at Louie Vutton. Saw that he was shilling lisk, along with Bitcoin. Spent about $600 on btc and xrp that week and put another $800 on vechain. Went from about $2k to 12k at the top. Didn't cash out suffered like 80% loses.

>>21536989
I should add that the police didn't take away his computer, so him being released in 2017....ya he even bought his parents a house.

>>21536627
>reading comprehension
Why creg? That definition describes a lot of things, not just Bitcoin. And are you including shitforks in that?

>generation of currency
>transfer of funds

How doesn't it describe, let's say Litecoin creg? It also describes Monero, Dash, and a thousand others. That pajeet stakenet would be covered by it. It certainly doesn't sound like a bank account for obvious reasons either (the whole no banks line, even apart from currency issuance). It certainly describes Ethereum, although skelly won't admit that for legal reasons. Not Chainlink sure, but then when people refer to it as a "crypto" they're just using it improperly & only someone truly lodged up their own asshole like yourself would take offense.

And continuing to just repeat "newfag" doesn't mean very much you know. I've been here a long time creg. Too long maybe.

>>21531026
December 2013. I think I mined around $2k worth of dogecoin the first week and converted to BTC. Watched BTC crash in 2014 and ended up selling all the profits from early mining for around $4k.

>>21537054
>That definition describes a lot of things, not just Bitcoin
Of course retard, i was talking about cryptocurrency not just bitcoin.
Fuck you're dumb
>How doesn't it describe, let's say Litecoin creg
it does retard, litecoin is cryptocurrency.

this is my last response to you, you're way too dumb to be wasting my time on newfag

Oh you're including them as well are you? Yet here
>>21533243
You said
> BTC (the only cryptocurrency)

Have research chems from DNMs fried your brain a bit there? It's Ok, it happens. But I'm sure I'm just too dumb to understand your position or something. So to clarify, Proof of Stake is valid as well then? Not just PoW, despite what you said earlier?

Uneventful yet exiting as fuck.
The entire week I walked around smiling.
I felt like I had to tell someone, so I told my parents.
My mom was happy for me, my dad on the other hand tried to scold me, told me I should have gave that money to charity instead.
Afterwards I could no longer feel the same joy in my stack, the happy optimism with every 0.00005% increase disappeared.
Now I only ever feel that one feeling you get when you tell someone: "I told you so".
Shit's gay, makes me regret the choices I've made as a young lad, always trying to impress my father with nothing to show for in the end.
No thumbs up buddy, only disappointed stares.

>>21537404
> BTC (the only cryptocurrency)
at the fucking time mongoloid, way back in '11.

i didn't read the rest of your post

>>21531026
I can give my entire 2017 bull run experience. I constantly made 10% trades switching coins and missing the big moonshots, then didn’t exit in time and rode the wave back down in early 2018, I’m now back where I started and ready this time. Pick you’re shitcoins of choice and hodl for dear life then sell when normies start raving about bitcoin again.

>>21537508
Oh no you didn't make that clear at all. And Litecoin was 2011 too - I know because I mined some. And of course you didn't read it, then you'd have to admit that PoW isn't the defining characteristic of a cryptocurrency & I know your kind hate that.

>>21531026
lost half my money on cryptopia

first week in crypto? i started solomining with my alienware computer. btc was around $2.80 at that time (OTC).. since there were no exchanges.. 2010 probably. all of us fucking knew. we made a pack to accumulate 10,000 and never sell until at least $100k. on bitcointalk .org.

>>21531026
I’m only like a month in. I bought as much link and RSR as I could. Feeling comfy despite being late. Only got scammed for 1 ETH once (rug pull) but other than that I’m doing well so far. Once you learn that FUD is sometimes a good thing (DYOR) it’s easier to navigate this shithole

>>21531026
First week I invested $100 into hash ocean. I wanted to see if I could catch a falling knife and I failed