/biz/ - Business & Finance

Did you buy XRP or something?

>>25560039
Green text please

>>25560075
Options.

Double down and ask for more until you get even. You degenerate gambling piece of shit.

>>25560039

>>25560039
just get a job dumbass

>>25560107
>be me
>back in March dad gave me 4k to invest in the dip
>got it up to 7k at one point just by buying and holding
>made shitty decision during election and shorted
>market didn't dip

>>25560039
what did you buy anon?

>>25560039
Going to have to all or nothing. Xlm perhaps will get you half way there.

>>25560199
Congrats, now you still have to pay taxes for those gains you had.

>>25560199
From March to today was probably the greatest bull run you'll see in your lifetime. How did you fuck that up?

>>25560039
Get a 4k loan, put it into Bitcoin and don't fuck with it you retard.

ETH and LINK nigger?
>short this fats

>>25560257
you can't deduct losses from gains in burgerland? wtf

>>25560106
/r/wallstreetbets is that way friendo

>>25560257
>>25560571
Yea idk what you're talking about

>>25560039
If you were me you would have made your father $60k with that investment

>>25560199
Damn bro my heart goes out to ya

>>25560039
>Grandpa asks to invest
>gamble his money away
you will live with this shame forever.

>>25560617
Cool.

>>25560039
Stop trading retard. Youre basically gambling, and its not even your money. Just put it into bitcoin and a bit into ethereum. If your dad is ok with long term investment, just hodl it. Otherwise create stop loss order at 85% of the 4k.

>>25560039
that is fucking hilarious

>>25560039
Congratulations! You did the first step on your path to making it.
You have to fail at least once and learn to not let your emotions cause mistakes, if you want to learn how to make it.
You can repay him by accepting your failure and doing your best to always learn from all your mistakes and to never stop trying new things and improving.
You can learn much more from your mistakes than from your successes.
If you want to become the best version of yourself embrace failures and be happy when you find something you can improve.

In a few years you will look back on this and realize how cheap this lesson was and that it was worth the price, because what you gained from this experience can't be bought from a normal education system.

>>25560957
Thank you anon. My father told me the same. He's not going to lose his house or anything with this mistake as he makes good money. It's just such a shitty feeling.

>>25560039
You coukd have but a bitcoin with that in march. Wtf

>>25560039
>syn

This guy must have either gone all in on a pajeet tier shit coir or he has been day trading.

>>25560411
What does that chart mean explain for brainlet

>>25560039
That's really sad anon...I'm usually really mean on here, but I feel this no one likes to let down their parents if they love them. Try your best, do all the research you can, and maybe try to make it up to him later. He did however give you the money to do it, so it is on him as well. Just let him know how bad you feel honestly. I'm sure he'll understand and forgive you.

>>25560039
Borrow $4000 from a bank to pay your dad back. Tell him to put it in something safe. You need to assume the debt burden and work it off in your time

>tfw about to lose $70 worth of shitcoins due to my account about to get locked

>>25561835
I have 60k in savings and could easily pay him back but he refuses.

>>25561734
these stairs go up

>>25560199
That what you get for thinking you know better

>>25560106
Lmao

Are you lurking here on biz?
There is this thread which goes about risk management.

It goes about never lose more than 1% of your account on a single trade. That should prevent you from being a sucker

most people lose money actively trading anon. did you learn anything? most important lessons are expensive. it's only 4k, it's not the end unless you didnt learn anything.

>>25561880
then consider yourself lucky to learn a lesson with money you and your dad can afford to lose. Many anons have not been as lucky.

>>25560039
it's just money, at least you had a lesson (i hope so)

>>25560611
The fiscal year begins jn October here in burgerland. If you realized gains before 01OCT2020 (as in actually traded crypto-fiat or crypto-crypto) you owe taxes for FY2020. Any losses incurred afterwards will have to be filed for FY2021.

>>25561880
Put those savings into an investment jfk. Any fucking investment will do, you don't need $60k cash for even the worse situation.

>>25562052
kek, only problem tho is that with gambling on shitcoins you can't calculate the risk, it can go multiple % or even 10's of % very fast, lotteries are always 50/50

>>25560039
you have a 24 hr headstart

>>25562194
I'm saving up to buy a place tho.

>>25560199
>>25560039
Should have read the Parable of the talents (Matthew 25, 14-30).

>>25562195
you're right, risk is hard to assess, which is why I wouldn't do options on a risky asset like crypto. But then again, I'm 48, so I using it to diversify, not trying to 10x my nest egg.

>>25560957
You are too good for this place.

>>25561734
no more bitcoin
people want bitcoin
price go up

>>25562582
Thanks you

>>25560039
bet it all on trump. its a coin toss where you either lose $85 or gain $1700.

>>25563314
it's a coin toss except you toss the coin into a wishing well and there's a lock on it.

>>25560039
put it in ITS sonny

>>25560106

He told you to invest, not gamble.

>>25560039
Suck 10 dicks, $100 a pop. Should be e-z to find some sugar daddy that will drop a bill on a dicksuck.

>>25560106
kek

>>25560199
if you want i can tell you some indian penny stocks

>>25562247
we're in a bull market, you should be leveraging debt and using fiat to invest

>>25560957
I definitely break rule 4 quite often.

>>25560957
holy cope

>>25563350
The pentagon locked out the biden transition

>>25560199
Bro, all you literally had to do was buy a corn and forget about it and your pops would have $34k now.

You owe short term gain taxes on that 3k profit you made

>>25560039
just put it in BTC man you'll be fine

>>25560106
That's gambling, not investing, retard

>>25560039
lol you wanted fast money for yourself, you got punished by invisible forces, be ashamed, take a $34,156.75 loan cuz thats how much your father should've had now

>>25561858
never show me that pic again

>>25560106
you're fucking retarded kid

>>25560106
bro really

>>25562064
are you retarded? no it doesn't, unless you have some weird setup personally

>>25560039
Remember the Bible OP.
If you buried the money he'd be more pissed.

>>25560106
>Options.

>>25560039
hello sirs. have you heard of grt ?

>>25562218
>emergency whistle
>no gun
female trait

>>25567307
topkek

>>25560039
Own fault for not diversifying

This is a bro advice :
- Watch a tutorial on how to mine ETH
- Buy 2 - 3 decent graphic cards.
- Farm ETH.

In 3 - 4 months your investment will be covered and then it will be gains (electricity included in this calculation).

- If it crashes ? Either you have to farm longer OR you sell back the graphic cards 75% of their price.

This is the most safe adivce for your father.
If you invest now in ATh coins you may be disappointed of crypto FOREVER like our 2017 friends.

All the best.

>>25562247
Judging from what you've written, you didn't lose your dad or yourself much except the actual shame of losing. We've all lost. And accept that for every few gains, you'll make a loss. At least you figured out options are a scam.

>>25560039
Buy bond lcx and xcm. Hold equally and payout after 20-40x

>>25560199
should have not fallen for Drumpf gonna win sentiment
niggers here lost everything