/biz/ - Business & Finance

>>22214284
You are spoiled anon
You aren’t going to make it

spread between at least a couple coins. going all in is way too risky

>>22214284
Buy LOW, sell HIGH. Dumb fucking faggot.

>>22214284
Just buy the dip

>>22214284

Fuck you. I worked hard for my money and you got $50k from your dad? Stop bring a pussy faggot.

We all remember you and we're all still laughing at you.

Wait until a big crypto project appears and ape on the presale

Im working on something but i cant reveal details

>>22214284
yes you bought the fucking top amidst euphoria

luckily you bought one of the few good crypto projects out there. just hold on, it'll be back at all time highs soon enough

>>22214284
look at it like this. you still have $30,000

So do the following

1) Get the fuck out of crypto until you know what the fuck you are doing
2) Get a fucking job
3) Re-read number 2

>>22214284

You gave it to ranjeesh and now his entire village will keep from starving for months, very kind honestly. You should be proud.

Youre doing pretty well. Only thing to referse this is YFBeta

>>22214284
I was going to joke but in case you're serious, there's no cause to fret - you have to be comfortable holding this for at least a year though. You won't instantly make money and you need to realize that your 10k isn't lost, you haven't sold yet. Do not sell and fomo back in.

Just don't sell. It's obviously not dropping to $0 any time soon.

>>22214284
For future reference you should never fomo into a coin at all time high. Luckily for you Link will go higher in the future, so stop stressing. You didn't lose anything yet. It's just a dip.

Your dad is actually teaching you a valuable lesson and doesn't care if you lose the 50k.

It's a shame you aren't actually going to get the lesson since you bought such a good coin damn.

>>22214284
It’s astounding that people like you exist. Your dad giving your 50k to blow like it’s nothing, knowing damn well you are a retarded faggot. I haven’t received shit in my life, worked hard for every shitty cent. I don’t even have a father and got raised by a single mom lol

Just buy sDefi on synthetix, get exposure to the defi market, rebalanced every 3 months. Buy and forget, if the index doesnt 100x over the next year I will give you your money back

>>22214284
your an idiot, protect your remaining capital by buying usdt or usdc, buy the inevitable dip.
when btc dumps your 30k wil become 20k or 15k, take the loss and wait for a dip, again you are dumb money

>>22214363
Wtf yikes fuck this advice

Just hold OP. LINK is solid.

>>22214284
Remember faggot, this board might say otherwise, but there is no such thing as a free lunch. Every shill thread on here is shilling because they want YOU to buy the dream and you'll be left holding bags. All of the faggots on here that became millionaires when LINK pumped up was because they got in at under 10 cents. They also had to hold their bags for 3 fucking years before anything came of it.

So get a job, be a wagie, and do your research. If you follow shill threads here, you'll be down to 2k before you know it and still trying to chase the next moonshot.

>>22214284
based retard

>>22214284
>50k dollars with no education in wealth management or finance
>squandered a large portion of it in hardly time at all
Investment isn’t a fucking game anon. Sure it’s money and things will be okay regardless, but you can’t just make blind swings and expect to make returns. Also don’t ask this board what to do with that kind of money. Hire yourself an investment advisor (can’t stress this enough) and don’t expect fast returns. With that kind of money you can easily put aside some cash for an apartment and get a decent job, you should have no problems living somewhat comfortably with even 30k.

>>22214552
this op, you gave 20k to other people on this board now the question is will you give them another 20k?

>>22214284
>putting $50,000 into a useless 4chan meme
>waiting until it's at an all time high before doing it
>why did I lose $20,000?
i dunno anon, it's really a mystery

>>22214284
Is this pasta or are you the dude from a few months ago?
How the fuck did you lose this shit..

>>22214284
I remember..
The spoiled faggot with an entitlement problem.
I lost quite abit of money this week too for a newfag (2k). Makes me feel better to see you get fucked by this shitcoin. Fucking can’t believe 50k bought you 2400 stinkies lol
of ALL the other coins, you listened to /biz/ and bought link..
My dad offered to let me play with 10k of his. Said no until I get a better grasp of what’s going on. A month ago I was holding XRP. Obv I have a long way to go..
You should have done the same.

>>22214284
Fuckyoufuvkyoufuckyou. How dare you buy in 2020 more linkies than I did in 3 years.

>>22214552
This 1000%

>>22214284
>gave me $50k to invest since I told him I'm not going to college

how does this make any fucking sense? fuck you op

>>22214284
Imagine investing 50k in cryptoshit.

When we say diversify we dont mean throw the whole thing at crypto you dunce. You should have played with 5k maximum, wtf u thinkin nigguh

>>22214284
> going all in, 50k, on LINK at the very top
What a fucking retard jesus fuck

>>22214552
Its not about going all in on link these days its about link being the best thing to take profits into

>>22214552
No og linker sold any link

>>22214284
YOU HAVEN't LOST SHIT UNTIL YOU SELL. UNINSTALL THAT GODFORSAKEN APP.
It's literally what jeets use to track their multi-shitcoin portfolio.
Welcome to crypto.

>>22214284
Why did you go with link, be honest.

>>22214284
Lmao how is this possible?
>Be me
>From Yuropoor country
>Go to US top 10 Uni with full scholarship to study CS
>I even get pocket money from them, about $1k/month.
>Save and invest like $5k in crypto
>I now have $83k
Yep, you're not bound to make it anon. You're just too spoonfed and dumb, no hunger, no intelligence. Thanks for paying for my tuition tho. Pretty smart move from your elite to make worthless members of society pay for more efficient clogs in the machine.

>>22214363
Why should anon get a job if he has a rich dad and chainlink? Lol

Never listen to wagies.

HODDDDDLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL MARINESSSSSSSSSSS

>buying a parabolic top

Dude lmao buy high sell low hahaha never selling, 1000 EOY!!!

>>22214777
Yah cos crypto is massively overvalued at 350bn total market cap

Right, check just cleared and I was planning on dumping another $2.5k into Link, this dip seems like the perfect opportunity.
This dip is just the regular bitcoin bullshit bringing the whole market down, yeah?

>>22214477
Checked. I was also raised like this and I blew it studying fucking sociology. Fortunately I'm now making the big bux in internet money.

>>22214284
/allin ftm

>>22214284
Get bitcoin bro, link is a shitcoin

>>22214972
Ride RSR up to 5 cents then flip into link

>>22214284
Just hold anon. You won't regret it. This is a long term hold. You don't lose money unless you sell.

>>22214284
wait, you got a big ass chunk of money and invested it all in like one single thing? did he say that was a good idea or did he give you any advice at all when he handed you all this money like "dont invest it all in one thing son!"

>>22214284
I made 100k from 2k investment with Chainlink.
You get your shit handed from daddy and you still lose money, get the fuck out of here.

>>22214363
NEVER listen to wagies

>>22214284
You should’ve taken my advice on BUIdL

>>22214403
This. DO NOT SELL UNTIL YOU HAVE MADE YOUR MONEY BACK. AT LEAST! Believe me, we’re all hurting right now, I’m 50% down on my portfolio and I can’t help panicking a bit at times, but I know it ain’t over until I actually sell. Also try to do your own research, don’t just buy into the hype. Take things in consideration like token use case, dev team, total token supply, etc. Obviously I’m no financial advisor, just trying to pass along some tips I’ve learned the hard way.

>he didnt invest like 10k initially spread out evenly in coins
>he didnt use the rest of the money to find his own place and maybe get a car and find a job

Jesus OP, if I had the opportunity your dad gave you I would've reached my goals much quicker.

>>22214284
>he bought link
AHHHHAHHAHAHAHAHAAHHAHAAHAHAHAHAHAH

>>22214284
Can confirm you're spoiled.
I suggest not trying to gamble with oh... internet monies until you have some work experience

>>22214284
>he went all in to LINK at the top
oh boi

>>22214905
When was that?
Obv you made some good choices. Assuming that was several years ago..
Which coins?

>>22214284
I told you to buy YFI low. You would have had 500k by now. But considering you are a low iq 17 year old spoiled dumbfucking retard you didn't listen. Learn from this, and say to yourself, I am a dumb retard, I bought the top of a parabolic asset after three years. I am dumb. I am retarded. My father thinks i'm a failure. AND LEARN SOMETHING YOU FUCKING RETARD AND LISTEN TO THE RIGHT PEOPLE NOT THE PAJEETS

>>22214284
Don't worry sir, in 2 weeks you'll be patting yourself in the back for the great investment u did

>>22215001
that's great man, enjoy it!

>>22214284
I told you to buy fantom faggot
Last chance before we go parabolic
Since you won't do this, I just hope your father stab you in the neck next Thanksgiving lunch

>>22215480
Possibly even 5m. YFI was shilled here for more than a week before it took off.

If you want to turn this shit around you need to:

>know the fundamentals of investing
>understand what the fuck you're actually buying
>have an exit strategy before you spend a single penny on a token/coin/stock/whatever

>dad gives you $50k
>you immediately dump it into high risk high variance investments

You should have just started a business retard.

>>22214284
Hold or put a bullet through your brain in two years. Link is still extremely valuable. It still has the first movers advantage for oracles. I predict at least 400$/link.

t. Nolinker

can you imagine being given 50k USD and not going all-in ALGO?

>>22214355
I am too, a certain gold standard 4000x

>>22214284
Put the link in yfV vault and mine yfV. That will suppliment the loss. Then take the minted yfV and go into pasta/farm/knc or bat yfV vault. You will make it back and then some. This is pretty much the bottom. We will hit $50+ soon.

>>22214284
Don't listen to these faggots op, this is what you should do. Hold chainlink until you're in profit. Sell to break even if you're not confident in chainlink or continue to hold until you're satisfied with your gains. Now this part is very crucial. Swing trade your stack for 10% profit per trade. Trade ONLY ethereum and bitcoin, but if you're feeling a little risky swing trade chainlink. Ethereum and especially chainlink bounce back and forth in 10%+ swings, and theyre extremely easy to time. Always remember that big whales tend to dump bitcoin randomly during a time everybody is feeling bullish, and it takes the whole market with it. Don't worry, it always climbs back up. Buy the dip, make 10% and get out. Don't be a retard and continue to hold, you'll probably end up holding bags and youre going to have to wait until you're in profit again. Use this website to help you with your entry/exit points https://percentagecalculator.net
Use this website for hopium https://www.ibiblio.org/slanews/conferences/sla2001/internettoolsjh/ToolsCalculators/compound.html its an increase/decrease calculator and shows you what a continuous 10% profit on your initial investment can get you. Good luck op

>>22214284
you just bought high my friend

>>22214284
just dont sell.... if you dont sell you dont realise the loss and the coin goes back up again and you can then sell for break even or even a profit. then wait until it goes down and buy it when its low and then sell when its high.

>>22214284
Just don’t sell. I don’t hold links anymore but for sure you’ll make a gain from your 50k

my total link investment was 25k cad for the first 50k linkies. you just got in at the wrong time my niggah keep holding and maybe you can get to call yourself an og one day

t. 56k link anon

>>22214284
>buying the top of a coin that went 10x in six months
that's a yikes from me dawg. at least you didn't buy some shitty defi scam, so you'll make your money back eventually, so long as you don't capitulate like a faggot right now. also, in the future, leave money on the sidelines to take advantage of dips.

>>22215476
Yeah it's been about 2 years since I started. I made some small profits from shitcoins I don't even remember, but my biggest projects were/are LINK, AKRO, XOR(cashed out all of it) and Ocean. I'm planning to transfer half of the money I cashed out from XOR to Akro, and a third to VIDT.

>>22214284
>All in link @ath
>I can't help but feel I did something wrong
Nooooo how you can tell such thing

>>22214284
He just told you indirectly that your not smart enough to not go to school if you want to make money.

Go to school
Get a good job

>>22214363
>2) Get a fucking job

>>22215960
>estment was 25k cad for the first 50k linkies. you just got in at the wrong time my niggah keep holding and maybe you can get to call yourself an og one day
>t. 56k link anon
same t. og major link

>>22214284
Holy shit THAT'S THAT WHITE PRIVILEGE I WAS PROMISED!!! HOW DID YOU FUCK THAT UP?!?

>>22216999
I'm black you nit

>>22217031
loser

Made my father buy chainlink under 1 dollar dca
He is happy with his investment

>>22214284
You absolute sperg, stop investing with money you can’t afford to lose LOL. Start a business painting people’s houses or some shit then invest

>>22214284
OP you honestly have bigger balls than anyone else on here. I have also lost a bunch of money since the Crash, but I am too big of a pussy to ever post it.
All I can say is it's not a loss until you sell. Just try to remember that.

>>22214284
You're the kind of anon who does NOT deserve to make it.
First, you're spoiled. You don't NEED to make it cause daddy will pay for everything.
Second, YOU FUCKING SUCK at investing.

>>22215587
How many things get shilled here, how many things take off, and what are the returns on the things that take off?
The last factor would need to be higher than the ratio between the first two for blindly trusting /biz/ to work properly

>>22214363
>"hey guys i need investment advice"

>stop investing
>get a job
what?

>>22214284
I put 5k into link 2017 and it turned into ~$300k and gave my dad $50k worth to pay him back for a variety of shit over my life

I hope your dad rapes you for this faggot

>>22214284

Just HODL until late next year. Also, quit looking at anything crypto related until then.

>>22214284
fucking hold you actual retard, he will laugh at you even more if you sell now

>>22214284
Just hold for two years or even 3 like the rest of us

lol@ the poor jelly fags. hold op

>>22214284
If your dad has lot of bitcoin why he asked you to invest?

Probably he didn't think you will just spend it all on LINK lool on ATH..

When you first posted about this, YFi was around 1000 usd now it's 30k so you could have x30, literally everything else except Link mooned since then..

>>22214284
I know hindsight is 2020 but DCAing would have been a good idea

IRON HANDS ANON BY THE POST I CAN TELL YOU ARE RETARDED BUT NOT AS RETARDED NOT TO BUY LINK JUST FUCKIN HOLD YOUR FATHER WILL BE PROUD

>>22214284
Why the fuck did you put it in LINK after such a massive and quick bullrun?

>>22217031
Well that explains it

>>22214284
You know what I would do if I had $50k free money?

Study up on how call options work. Know them well, know the math and fundamentals first. Then, plop up to $1000 each on different long-term call options for companies whose stocks are currently cheap. Many will certainly fail and go *fart*. A couple, though, would likely moon over the course of two years enough to make those option contracts worth a lot.

Don't fuck with Write-style options; you could lose way more than your entire life savings (no limit to loss) if those fail. Just Buys to play it safe.

>>22214284
ever wonder why brokerages and every trading site makes you sign a waiver stating that you assume risk?

just because you are young and stupid for falling for failcoin doesn't mean you can't learn its lesson and become a better person.

What price did you buy exactly? like literally the top? 19.50 or so? Either way OP don't sell.

I went in with about 7200 USD that I had to slave for in 2017-2018 after reading about LINK and crypto for hours on end a day. I didn't have a life just learned the market cycles, researched breadcrumbs, and studied charts to formulate a long term strategy for LINK. I turned that into 400K at the very top I sold maybe 1/3rd and have rebought most of it now. Just be patient man and don't sell. There were times in 2017-2018 I was down 40-50% while averaging in or after June 2019 I watched it dump 67% from the high because I still was learning.

Just fucking hold man and show your dad you 3x'ed your money in 2-3 months. Also get a job and dollar cost average in as well. This has always been a long term hold but its the most sure bet in all of crypto.

>>22217031
>black
>wastes 10k a week
It checks out

>>22218571

With 50K though he could probably make decent money on selling covered calls or spreads if he did his due diligence. Crypto is better imo

>>22214284
get out of crypto, buy puts on shitty companies and pray

OP everyone telling you to sell at a 40% loss is legitimately retarded. LINK might hit $8 even but its not likely and even then you still shouldn't sell. I don't want you to kill yourself at the end of the 2021

>>22214284
go die fag

OP. Just hold the link. You'll make it but it'll take a few years. In that time, try to cultivate your personality and relationships. The best way to do this is to get an affordable place to live, get a job, and go to school at least part time with the money you have remaining. If nothing else, it'll keep you preoccupied enough to not sabotage yourself with impulsive swing trades.

>>22215176
the kid seems genuine in his post so lets give him some legit advice.

If you spent it all on Chainlink ,then jost hold. You may need to get a job so that you CAN continue holding. Get a job to pay for your daily expenses or what not. If you don't, you can get desperate and make bad decisions like selling under what you purchased for.

>>22214477
were you born in America? You received freedom for free. Relative to everyone else in the world. Imagine being born in Hong Kong where they're going to be stripped of everything soon.

stop being so jealous

>>22214284
if you told your dad what project you fomo'd he would probably give you more money OP

>>22214346
This.

Buying a positive slope has a very high risk of buying the top.

>>22214284
are you retarded? you should have started/maxed out an IRA ($6k) in the total stock market, put $10k each in gold and btc, and kept the rest as an emergency fund or property down payment once you stop being a loser NEET

>>22214284
Listen, do the following:
1.Get the fuck out of crypto until you know what you're doing
2. Get a job.
3. Have sex with trannies - preferably Thai ladyboys dom or at least versatile.
Re-read number 3.

>>22214284
sergey thanks you for your contribution

>>22214284
Don’t listen to the jealous people that don’t have means. This is a good lesson. Be careful w the money you should have waited after watching a bit. Be measured w tour money

Been waiting for an update from this retard

You actually bought back into a bull trap

His faggot son doesn't know how to hodl. I would never give a prick son like you $50k if all you're going to do is gamble it away like a bitch.

>>22219170
honestly, I'd still jam in LINK. Especially if young and poor and living the mario life where you have 2nd chance at financial success

>>22214284
You stupid nigger. If your faggot father has even an ounce of masculinity left in him he will beat you to death asap

>>22214363
jesus christ

OP, buy promising shit like LINK, FTM, RSR, AKRO, PNK, COTI, etc when it's low, and buy shit like LOKI, SUSHI etc for quick profits. This advice is old, don't buy SUSHI, LINK shows no signs of going up short term, FTM is solid, RSR and PNK has gone down really far with the market being what it is. I don't hold AKRO so I don't know how that's been doing but if I had to guess? Down the drain like every other coin. If you wanna make profit, you gotta wait for the right time then buy STAKE and LINK, because eventually those two will go up, but there's no guarantee that if you buy them now you're not buying the top.

Put it all on Dev Protocol on Uniswap. By December it will be worth $250,000.

But, yeah don't go all in on something that has been around for years at it's all time high.

>>22219323
but spending $50k all on chainlink... such an underage move, why didn't OP ask his dad for advice before wasting his money?

I remember you. Bad time to buy. I’d throw 10k in LINK, 15k in stocks, 5k spread between shitcoin moon missions. You rarely want to go all in on one investment, especially if it’s hitting an ATH.

>>22214284
>buying the ATH
It's rarely a good idea. Hodl now, nothing better to do.
You seem to have a great relationship with your dad, so cherish that

>I can't help but feel I did something wrong.
You did, you fell for the memes
With that kind of money you could buy some make it stacks on low cap coins but you choose the way of the meme
DYOR there's still time