/biz/ - Business & Finance

I invested 7k into chainlink in 2017

>>22630402
Good for you, anon.
Did you take any profit yet?

>>22630283
Sell everything you own, put the 15k + extra money into Fantom and hold for 2-3 years. It’s that simple

just wait out the next bull run which should happen either this year or beginning of next year. put your money into solid iso 20022 compliant projects and reap the rewards. stop trying to be a trader and just hold.

>lost 60% of money on crypto
>should I invest more money into crypto?

no

>>22630283
put that 15k into uni

not even joking

you could at least get 5-8k back if u wait until 10. obviously dont hold longer than necessary

>>22630283
>exchange hacks
>end of 2017 to today
What the fuck kind of shady shitcoin-shilling exchanges have you been using son?

>>22630283
>be in crypto since 17
>never make good trades always pick shitter coins
>never put in enough to make good gains cuz poor
>long history of rug and shit choices and scams
>have at most 4k in crypto after all this time.

quit crying pussy and keep at it til you goto zero or you make some lucky trades. and there's people doing worse than I have all this time and gues what they dont just go waaaaaaa imma kill myself cuz of this a bloo bloo blooooooooo

toughen up sissybitch and stop being so pathetic about things.

>>22630283

>>22630452
but how will he get it back

>put 3500$ into crypto from dec 2017 till now
>got scammed and dumped left and right
>12k now

Based crypto

12k after 4 years?

>>22630283
I am in the exact same position.

And I'm sure there are tons of other people on here who lost a lot of money as well. They just keep quiet.

Biz is mostly full of pajeets who want to shill their shitcoins. So never trust anybody on here.

What we have right now is definitely not a bullrun too. So maybe u can get some money back when the market recovers. I am down around 70 % from a few weeks ago.

>>22630677
How much did you lose, anon?

>>22630677
where else do you go for good info other than biz?

>>22630677
>What we have right now is definitely not a bullrun too
How are you so certain of this?

>>22630677
>And I'm sure there are tons of other people on here who lost a lot of money as well. They just keep quiet.
Never take anything written here as investment advice bros. If link pumps every creting comes out of the woodwork to inform you they are never selling. Then when it went down from ath, everyone sold at 20. Everyone sold UNI because ‘muh free gibs’, then the next day,”everyone who sold yesterday is a fucking retard”.
You literally can’t win.

>>22630283
What's your trading strategy? Is it FOMOing in bizcoins after they've already x2ed, and then selling at a 20 percent loss when they start crashing?

>>22630283
>>22630677
well crypto is a zero sum game, for everyone losing money there's someone gaining money. So if you see someone who made 100k, other people lost this amount.

I was in XVG for the longest time (since 2017) and kept buying the dips. Probably lost 80% of it.

Finally, this august I realised I was being a complete brainlet and decided to jump ship. Traded my XVG bags for some AAVE, BAND and SWAP this summer. Now I'm up 4x. (It was closer to 10x before the recent dip)

If I had stayed with XVG I'd be having even more severe losses right now.

So there's hope anon! Just don't marry your bags.

>>22630689
That is hard to say because I have been here since 2017.

I made a lot of money in 2017. Then lost it all in the 2018 crash. Was super frustrated and quit everything crypto related, but still kept the crashed coins.

A few months ago I saw that some of my coins recovered a bit and started browsing biz again. Made some money and lost most of it in the recent crash again sadly.

So Its hard to say what I exactly lost. I lost a lot of money when I look at my 2017 ath. But from my own invested money it is around a low 5 figure number.

If the market recovers a bit I will probably quit again. Meme coins make me miserable

>>22630750
You sound like a newfag. If you cant use your own head to know when something should be sold or bought then you will lose money as biz will make you buy high and sell low.

>>22630901
if you could predict this accurate you'd be a millionaire, but you're not, so shut the fuck up

>>22630402
10K in December 2018
I don't care for any other crypto, whatever defi is supposed to be or hypestuff. Feels good the only risk is not be caught off guard while swinging

>>22630816
>>22630728
I am very curious what data you can look at and determine the market? I might be too fresh to all of this but I understood it is a given that Septembers are poor performing months as is March Q1/Q3 bank reports. My understanding tells me that after September is the only way to know what type of market we will be in if line goes up or down accordingly

>>22630915
Im not a millionaire but i am also not down on my investment. I invested in 2017 like others here but am up 10x on my portfolio becuz unlike you I dont give a shit on what biz thinks and dont need to be handheld and told when to buy and sell.

>>22630969
i invested in 2012 and i'm also up to be honest

>>22630978
kek if your not a millionaire by now you ngmi

I will give your sorry asses a tip: when things list on exchanges, they already have gone 10x or more from initial price. DYOR is not enough if you don't take into account the precise working of the market. The magic word is VC.

>>22631013
don't worry about me anon

>>22630590
me too, except I'm at 16k and took out initial. thanks LINK.

>>22631023
where are good places to DYOR? Or at least other forums like this?

>>22630816
>>22630957
Are you still here? I need to go to sleep soon and can't tell if you have actual information or if you are another demoralized investor that can't see the forest for the trees. Nobody is commenting on your bull run comment which tells me a lot of people are on the fence on this

>>22631081
You have to get in either private or public presales, and at least know what those in these first rounds have paid. I'm not gonna tell you where, DYOR.

>>22630750
Anon are you aware that you are on an anonymous Malaysian Crabhunting forum?

>>22631119
Are you talking about icodrops?

>>22631175
That's one piece of useful info but icodrops price could already be 10x for your friends at VC.
https://blog.bitmex.com/ether-a-double-digit-shitcoin/

>>22631175
>>22631119
how do you make purchases through sites like this and what do you even know what to look for?

>>22631207
Where do you find info to join a sale pre-ICO?

>>22630283
Buy a car for $15K and enjoy it.

>>22631437
I can't wait until I figure this shit out so I can help people without being a code word using faggot like this guy>>22631207

Thank you for your service. You know someone has to lose money so others can make money. Universe is zero sum game.

tfw 19 and only 750k

>>22631477
It's a zero sum game, if you find out and tell 4chan you'll be competing with more people for the same cheap coins.
VC is not a code word it's just venture capital. The fags that organize all the PnD coins you buy at 100x markup. Other than that, be a bit more grateful I just saved you a shitload of time and money.

>>22630283
I went from $2.3m at the peak of '17 bullrun to $1.5k currently and I had to wagecuck for a year to survive. You have no right to complain. Fucking chinks deserve nuking.

>>22631854
Holy fuck, anon.
What was your initial investment and what coins did you buy?

>>22630413
No I'm never selling any of my original stack
Will sell staking gains though
If it goes to 0 I dont care I only 'lost' 7k

>>22630283
DCA is a meme. you're just chopping up your risk. go in and forget it.

the only safeish way to invest is long term. if you're not prepared to lose then don't gamble.

Just watch Chico on yt and follow his advice, unironically.

>>22630283
Despite losing massive amounts of money in this Ponzi. You will put your last remaining money into another scam or top and lose it all.

Really, truly the signal of dumb money. Should of put it in a bank or a simple fund with Vanguard etc.

You probs aren't' the only one who lost money falling for the frog scams.

start with low risk bets, like DCA bitcoin maybe 2-3x MAX. once you've made X profit from that, divest into slightly more risk .etc not betting on random shitcoins like a retard

>>22630677
Maybe its a signal that Crypto is gambling, not an investment, just speculation roulette.

See you at zero. Golden bull run my ass, market is manipulated and small market cap as fuck.

>>22630492
why sell at $10? i have my sell order set for $25

>>22630590
Funny because many simple stock investment choices would of u got this, with no work probs too.

The massive risk for only a slightly higher gain for the majority of retail investors. Just listen to the scammers, r-right..

>>22630901
> DON'T BUY, HIDE.

Crypto is purely taking wealth from other investors and getting out on top. There is no value to the majority of these projects.

If numbers go up, then its profit, so who fuck cares, jump ship. Money to be made, but not from dumb money/retail investors. Not without MASSIVE risk.

>>22632723
if i see bullflags, ill stay

>>22630677
STA & BZRX JUSTED ME

FUCK YOU BIZ

>>22630283
>Be me.
>Be in the TG for the MEME airdrop.
>Sell for $25 the next morning.

>>22630283
90% of traders losing money isn't a meme, it's true. It's almost worse than stocks in a way, you have more freedom but competing against bots, whales who have far more control here, scummy exchanges that also act as whales, and a market that doesn't "only go up".
Just do what you said, btc and link are also safe plays, then go live your life, check back in a few years and be happy with your gains.

>>22632697
crypto is the future, as governments become more and more oppressive and centralized, normies will seek a way out. crypto, defi in particular, is that solution. don't invest money you cant afford to lose, and you wont panic. it's why my portfolio is 35% PMs, 50% stocks, 10% cash, and only 5% crypto. i'll let that 5% ride wherever it goes, odds of panic sell; 0.

>>22632779
You judged yourself for buying the top

>>22632729
hell reddit got rich buying tesla while 80% of biz went bankrupt on shitcoins lol.

I’m up over 2ml since the start of 2017, how’re you so bad anon? yes buy and hodl eth, my fortune was made holding not overtrading

>>22632050
Just the kinda low iq anon that doesn’t overthink or try and time tops n bottoms that will unironically /makeit/

>>22632919
As you can see I am just a retarded degenerate like many on this board.
What was your initial investment if I might ask?

Bump.

Just go all in on UNI asap and come back next year. Don't sell this year. Seriously, just don't do it

>>22630283
>be me
>May 2k20, hmm this unicorn swap looks cool
>put 500$ into metamask for shitcoin gambling
>fast forward to today, spent 15x my initial investment on gas.
>I cannot understand how can you lose money if you're not an absole idiot.

pic related, fuck ethereum but it pays

>>22633473
Even if I thought that it was a good idea then I can't handle psychologically selling UNI at $3 and buying back at $7.

But I don't think this coin is as good investment as many on /biz/ think - the fully diluted market cap makes it already a top 5 coin above even Polkadot that does much more.
This means that you might as well buy other coins from top 10 at a WAY less risk than UNI if your bet is that the entire crypto market will moon.

>>22633481
Can you share your address with us, anon?

>>22630283
You probably fell for the same traps that everyone on biz falls for, the "never selling" meme and the "x10" or "x100" memes.
Here's the thing, you don't need to find a magical x10 coin to make, all you need are multiple x2. And a coin doing a x2 is way easier than it doing a x10 (almost every shitcoin does at least a x2).
Here's why:
If you start with $5k and somehow got a coin that did a x10, you now have $50k.
Now I start with $5k and whenever I do a x2 on a coin I sell and find another coin to invest.
$5k x 2 = $10k
$10k x 2 = $20k
$20k x 2 = $40k
$40k x 2 = $80k
All I need are 4 coins that do a x2 and I already made way more money than you with a x10. Not only that, but I'm also selling, meaning I can cash in some along the way if I want/need to.
Obviously you shouldn't go all in in a single coin like in my example, but you can see that you don't need to find a magical x10 or x100 coin along the way to be able to make it.
I wish you luck fren, I've only been on crypto for a little over a year, but I'm doing very well, especially in the last few months where you could literally make money with almost any coin.

>>22633529
>But I don't think this coin is as good investment
you lost 30k, when have you EVER been right anon? lmao
just bought uni because of this

>>22633529
Do us a favour and never talk about fully diluted market caps again. It means nothing this year or next year, and in all honesty in 5+ years when that market cap is actually fully diluted crypto will be magnitudes greater exposure than it does now

>>22633560
This is also terrible advice and only works in a bull market. Getting an x2 is not easy when dealing with significant amounts of money (anything over mid 5 figures).

>>22633606
i dont think it means anything at all for this coin, since this coin is effectively a share of stock in uniswap lol. if uniswap succeeds and continues to grow/profit, this coin will go up. if it doesnt, well, RIP but it was free anyway so who cares?

>>22633560
You are clearly retarded.
All these new tokens if you try to invest even 5k it will cause 20% price slippage.
putting 1 eth and even 5 eth is possible, the moment you pass the 10k and want to buy 3k worth of a shitcoin you realize you cant.
a 2x is harder and harder the more money you try to put in, because if you put 40k and the price didn't even move, you need someone to put 40 million for your 2x.

Put that 15k into 1 mil VET, wait a few years and you'll have a million dollars when it reaches $1/per.

Look at the new partnerships

>>22633631
it doesn't mean anything for this coin, because this coin is actually based on something that has value, is growing, has huge marketshare and isn't widely known about to normal people yet? yes... that's why it's so good...

>>22633686
still way easier than doing a x10 though, so what's your point?
And I obviously say at the end that you shouldn't go all in on a single coin

>>22633846
This is like saying it's way easier to make money with scratch off tickets than the big lottery. Either way is not really going to get you anywhere.

The reality is only 3 types are going to make significant money. The careful traders (swap positions over periods of weeks/months, not days/hours), the investors (pick smart long term holds), and the scammers (fleece newfags for pennies over and over). That's it. The rest of the market is bots/whales/exchanges and idiots playing with lunch money.

>>22630283
Meanwhile in stocks you’d have 200k and still going up

>>22633747
What does this coin do?

>>22634026
Stocks didn't do 5x over less than 3 years.

>>22634359
Bump

>>22634359
Actually, a fair number of stocks did considerably enough to get him there. Hell if he put it in TSLA alone before the stock split he'd be in six figures land...

Crytpo is just for people who can't understand a balance sheet. So instead invest in a ponzis and highly speculative non-backed "investments". Don't get me wrong, nothing wrong with that, but the OP post is exactly the common outcome on such highly risky assets

>>22634115
It does nothing, it answers a question nobody asked. Then desperate people like the OP will buy it to boost up the value.
Rinse and repeat forever. Like penny stocks :)

Dumb money makes me laugh!

>>22635650
There are cryptos that are attempting to cross the gap between stupid ponzis and the real world. The problem is the majority of people with money in this space are degenerate gamblers that want to get rich quick, or scammers more than happy to exploit those gamblers. Combine that with the lack of regulation, and the enormous barrier to entry for normies (the on ramps are greatly improved from a few years ago but their understanding of blockchain hasn't) and you get what we have now.

Moral of the story, play roulette and get burnt or just buy ethereum and link and hope the tech actually gets adoption.

>>22635705
Agreed, that comes with small market cap investments of this type, u see it with penny stocks too.

Really though, investing in stocks and other Funds/Indexs with simple strats and a plan will net you good profits without much of a head ache/sleepless nights. Is the best idea for ppl who dont' have time to sit reading about scam coins all day or who aren't NEETS.

>>22633560
>I've only been on crypto for a little over a year

If you're in green, get out whilst your ahead. Or at least reduce your exposure. What you listed is literally the same as degenerate gambling doubling money on roulette.

You are seriously suggesting to invest in scams to double your money, lmao.

>>22635851
I think eth and link are safe long term bets that don't lose me a lot of sleep at night, as long as you aren't focused on a short window (over a few years at least) and just consider them long term investments in the tech most will come out fine.
It's when people start to think in the 2x, 10x, hop from this coin to that coin route (like the other poster you responded to) that they start to lose their mind and go broke. The other problem is there are some hyper smart individuals that can do this and come out on top, but any tips they give to another anon would be pointless as that other anon would never have the capability to make the same high IQ plays.

>>22635900
I never said to invest in scams, all I've said is that even scams can pull at least a x2 so it's not too hard to do.
Most of my trades are in legit projects. I've done multiple x2 with link and a couple x2 with eth. I've also done a few x2 in low marketcap coins but only after doing my own reasearch. I also don't use my entire stack, I have some long term holds on cold wallets. Obviously you won't get all the trades right so using all your money is retarded.
I'm up way more than a x10 from my initial investment and I already cashed out profits so if everything I have goes to zero I already made money. I don't care if you guys think this is degenerate gambling, it clearly works out well for me and is a way better strategy than praying for a coin to go up 1000% imo.

>>22636685
Already covered this, there are extremely high IQ autists that know how to read charts and manage risk and will get in and out enough to really win big. But giving advice to others to do similar is pointless because they will never have the ability you do. It's like a professional athlete giving a kid tips on how to make the pros, you can suggest simple fundamentals but don't expect them to just be like you without the inherent talent and athleticism (in your case IQ). In your case, nothing you suggested are simple fundamentals, your advice was hop in and out of 2x's instead of 10x's, that's still not easy to do and most will crash and burn horribly (besides the fact that as was already stated, this also falls apart when dealing with larger sums of money).

>>22630283
Bull market hasn't started retard

>>22633529
Retard OP thinking UNI is not a good investment is bullish as fuck

>>22630283
ETH LINK BTC ...SMALLER STACKS OF PNK AND UNI.

HODL TIL HOLDEN BULL RUN

THATS ALL YOU HAVE TO DO ANON

SET IT AND FORGET IT

>>22630283
Just buy BTC and ETH and stop being a fucking retard. Literally so fucking easy to retire in 5-10 years and you retards keep wasting your time on garbage coins, rug pulls and other scams. Just smarten the fuck up and buy BTC. I don't give a fuck how much you lost; it will be chump change compared to your gains in 10 years and you'll look back from your yacht and laugh at ever thinking of killing yourself.

>>22630283

>>after exchange hacks, rug pulls and one most god retarded trade I have only 15k

you are not retarded. there are plenty of people on biz who have totally lost everything and dont even bother coming here anymore, the fact that you still have money left and still frequent biz means that you havent totally given up yet.
>>22630283
>I'm considering putting everything into ETH and waiting until it hopefully gets close to old ATH and selling there just to recover my losses and quit crypto.
look man, its only 40k, over a period of 3 years. i would suggest instead of quitting just start researching and researching to find a specific low mcap project that you think is really worth it and then just dumping that entire 15k worth into it and praying to god. But dont beat yourself up over this racket, it aint over until the fat lady sings and aslong as you still have got literally 1k in crypto you might as well make hay with it. i believe you can do it