/biz/ - Business & Finance

>May 2020.
>Decide it's stupid to be traumatized by crypto, it's still a good opportunity.
>Start swing trading BTC with about $500.
>Making ridiculous gains like $90 a month but feeling good.
>Maybe I've found the way to go.
>One day I sell BTC thinking that it would go down again.
>BTC explodes and goes 5x.
>Completely miss the moon mission.
>Despite that, about 2 months ago, I find that some of my 2017 picks are finally in the green.
>Portfolio slowly climbs to $25k, mostly thanks to LEND turning into AAVE and exploding in value.
>I didn't even know what DeFi was.
>It was stupid, dumb luck.

See, if I just told you that I was 25% in profit from my initial investment, I'd look kinda good. But once you know the whole story, you realize how much I fucked up. Had I simply bought BTC and done nothing for 3 years, now I'd have $200k. Had I taken advantage of the bear market, now I'd have millions.

The lessons I've learned:
>Don't overtrade.
>Don't go all-in in just 1-2 coins (had I done that, I'd never have bought LEND, by far my biggest gainer).
>Don't gamble only on microcaps.
>Don't buy when everything is green, it can't last forever.
>Don't despair because of one mistake, buy when everything is collapsing around you.
>Always keep some fiat around to take advantage of crashes.

Show yourselves, losers. I know you have a story to tell.

>>29274441
am i fuckin up right now bein a noob and putting money in bitcoin

your post is makin me think i should just go small on bitcoin now and wait for this shit to collapse and then go big in a few years and focus on more important shit

>>29274484
I honestly can't tell, fren. I just don't know.

Several indicators show that we're only halfway through the bullrun and BTC this time will probably reach $120-150k. But before that, we're probably due for a big correction. But who knows? It's a gamble.

>>29274484
>>29274289
i am also a noob and would like to know if i should be putting the majority of my investments into BTC?

>>29274289
First mistake
>bought (shitcoins) none of them are bitcoin
Second mistake
>not recognizing the 17 top for the obvious, glaring, completely conspicuous bubble it was
Third mistake
>swing trading bitcoin
>>selling bitcoin
Fourth mistake

You have one mission: BUY and HOLD bitcoin.
https://digitalik.net/btc/power_law_oscillator
When the purple line hits 0.8, SELL bitcoin and BUY NOTHING
When the purple line hits the orange line, BUY and HOLD bitcoin.

>>29274645
>>29274484
Consider that at this point BTC will at best do a 3x, and before it does it we're probably going to see a big dip. As usual, smaller coins have way more room to grow but are also more risky.

If the bullrun really does continue, you're gonna be fine whatever you choose. The most important thing is to get out before the crash, really. Focus on that.

>>29274774
I'd add that my worst mistake was not taking profit. Every other mistake would've been erased by that.

>>29274774
what are your thoughts on the RHODL ratio?

>>29274774
>SELL bitcoin
I thought it was heresy.

>https://digitalik.net/btc/power_law_oscillator
Nice one. It agrees with the rainbow indicator and others I've seen. We're still halfway through the bullrun.

>>29274948
why do some people say to just keep holding and never sell? is it because they think the crash won't go lower than it is now?

I turned 2k into 15k and am now back at $600 :,)

>>29274795
Considering that it's kind of impossible to time the market, shouldn't I just hold and continue to buy during the bear market to lower average cost? I've been screwed way too many times trying to time shit, but I've never experienced a full on market crash so I don't know if I should just take profits or hold.

>>29274484
No you aren't, if you're thinking of being clever and dumping into some alt instead, congratulations, you just played yourself.
Bitcoin has plenty of room left but you need to SELL when the purple line hits 0.8.
>>29274795
Here's the problem with alts: they're shit
I have no issues when people make bank in them and beat bitcoin. Power to them. But recognize that alts are venture capital within venture capital. There are issues with determining the actual risk profile. We can just barely assess bitcoin's risk now, but there is not enough data yet to assess altcoin risk. The only comparison is a single, highly correlated asset (btc)
>>29274948
It is almost all the time. About 75% of the time, roughly. Would never recc swinging it because bitcoin's average daily move is 0.25%. It makes almost all its gains in short timeframe and you can miss it when you're jumping in and out.
That oscillator is the work of harold christopher burger, he has other goodies you can check out.
>>29274892
>>29275061
There is some merit to never selling now with defi because you can add your btc to liquidity pools and have an effective short position with limited downside. You gain sats on the way down, then call your btc back when it bottoms. Also you can take credit against your btc. I don't do this though
RHODL mirrors other indicators and I think it's fine though recognize that both the power law oscillator and RHODL are just expressions of miner economy. Miner capitulation.
Miners mine up to the point at which the marginal revenue = marginal cost, then they start selling their bitcoin. This is what really creates recessions in this market. And is why the price always falls back to breakeven. Technically, it only moons because of halvings. Supply shock.
>>29275061
A crash has never landed below the previous cycle's ATH btw

>>29275442
>Bitcoin has plenty of room left but you need to SELL when the purple line hits 0.8.
wont it just rise again after the dip? I was planning to just keep holding and not try to time it

>>29275773
nvm just read the last one

>>29275388
>shouldn't I just hold and continue to buy during the bear market
That strategy is simple but it will definitely make you money.

But if you see approaching a crash, take profit. At least partial profit, so you have fiat on hand to buy during the bear market.

>>29275113
You forgot to list the lessons you've learned.

>Get in mid 2017
>Put $5k into ETH and LTC
>Watch charts for a few months as everything moons
>I'm a genius
>Ape $30k into any and every coin shilled by biz and my friends
>Some good coins at the worst possible time (NEO, XLM, REQ, VEN, BAT, XMR)
>Some of the worst coins at the worst possible time (Dragonchain, DeepBrainChain, Walton, PURA, PRL, PBL)
>Holding 30+ coins when the shit hits the fan
>See my portfolio drop to $5k never taking profits or selling anything on the way
>Check portfolio occasionally over the next few years
>Buy a few ETH here and there, but nowhere near the amount I aped in with
>As of today I'm up 65%

We're all gonna make it

>>29275773
>wont it just rise again after the dip?
It will, but it will take about 2-3 years.

>>29274289
i bought sumo now my dog ate my arm and I cannot even buy air to breathe

>>29276118
It's truly a testament to how profitable crypto is that even being as retarded as we've been, we're still making profit.

>>29276182

Amen brother

I'm really beating myself up for not buying more during the bear market.

>I had 4 years

>>29275442
Oscillator levels giving us around 2 months if we follow 2017. Seems so damn soon after the halvening, you think we could double top?

>>29275773
You won't see ≥0.8 until MR=MC, the top, and it makes sense to sell tops. Or at least reduce your exposure
Top finding is not hard in bitcoin when you understand what drives it.
The block reward is cut in half every 144,000 blocks, so there is a logarithmic decline in the rate of supply expansion. Holding demand constant, the price adjusts to the inverse of a logarithm, which is exponentiation. Since the reward halving occurs instantaneously it creates a supply shock in the market and the price reacts violently. It carries that momentum past the fundamentally fair price level and results in these cycles.
The momentum lasts only up to the point where it is no longer profitable to mine, at which point miners start selling to cover their expenses and wreck the price. We also see this in precious metals. fun fact
>why does it get less profitable?
As the price increases, more miners enter the market and compete with other miners to grab the higher prices. There is also an idiosyncratic difficulty adjustment every 2,016 blocks.

Guidance is still the same: when it hits 0.8, we're in top country

>>29276407
Same. I missed BTC when it was sub $5k. I missed fucking ETH when it was $80!

Had I taken profit in January 2018 and then bought just some random coins during 2019, I'd be a millionaire.

>>29276552
wow thanks. That was really helpful. I am guessing most other coins drop as well when this occurs?

>>29276552
>Holding demand constant
But since people know about the halving and expect growth, the demand actually increases everytime it happens, right?

>>29276714
>most other coins
EVERYTHING drops when BTC shits the bed. It's a hecatomb.

>>29274774
>>29275442
>>29276552
Easily the most insightful, helpful, and well cited posts I've ever read on /biz/. I appreciate you, anon. Thank you.

>>29274289
An anon was shilling Unification coin (UND) around here back in 2018 or so. I bought about 1000 UND on Bitforex and let them sit for two years. Finally, at the beginning of this bullrun, I decided nothing would ever happen with my useless UND and sold them all.
Little did I know that UND had turned into FUND which is worth over a thousand per token, and I had until May 12th to convert all my UND for fund.
This is the SECOND time I've missed the boat. The first was swinging my Bitcoin back when it was first released and only being used to buy drugs on Silk Road.
The lesson I've learned from this is hodl, hodl, hodl.

>>29277054
I meant February 12th above. Literally missed out mere weeks ago.

>>29276498
Possibly but that oscillator value can also decline when the price moves sideways. When in doubt I like
https://digitalik.net/btc/sf_multiple#
Because it is divorced from price. The spice on this one is that these multiples are long-term convergent but are currently divergent after halving. They (should) converge to the 1 level. What really happens is there is momentum that carries it beyond 1. There is no insight about what the top price will be, but if they are still divergent and you think it's the top, it's not.
>>29276714
I haven't done enough analysis on alts to answer this in detail but intuitively they are highly correlated to bitcoin and dump when it dumps. Expect market-wide outflows
>>29276806
I hold demand constant with these considerations because it's mostly a supply story. As long as demand is not zero and miners still mine these effects should happen
I think aggregate demand for crypto is increasing, though, based on total crypto market cap.

>>29277054
>UND had turned into FUND which is worth over a thousand per token
Jesus Christ, so you lost over a million?
How much did you sell your UND for?

>This is the SECOND time I've missed the boat
We'll have more chances if we pay attention.

>The lesson I've learned from this is hodl, hodl, hodl.
I'm sorry, but the lesson here is that blindly hodling isn't enough. You hedl for 2 years, but you didn't keep track of the project. That's why you missed out.

>>29276118
>Some good coins at the worst possible time
This is another essential lesson that many people miss: choosing a solid project is important but it's NOT ENOUGH. You also need to buy in at the right time.

t. bought ADA at $.70. Had to hodl this bag for 3 years before it started to give me a small profit. Had I bought at $.05 or $.02 I'd have tens of thousands now.

>>29277039
WAGMI, no frens left behind

>>29274774
Why do I just get pic related on this site? Are they saying I'm an npc?

>>29274289
This market just went up 900% in the last couple months

>>29277538
please fuck my wife
How well do you find this as a predictor
https://www.lookintobitcoin.com/charts/rhodl-ratio/
>>29277471
Yeah, that is why I feel bad about putting money into stuff like link, algo and grt, after they already seemed to have stabilize
How can you find these projects early? Some sort of news site? twitter? or just read up on stuff people shill on biz?

>>29277822
>How can you find these projects early?
Unironically, if 3 months ago I'd gone to Coinmarketcap and chosen a few coins at random in the $5-15mil marketcap range, I'd have probably done a 10x.

>>29277932
so maybe wait for the dip and buy some coins that seem somewhat promising? or just whatever since most will rise anyway
It seems like most coins, even they otherwise don't go anywhere afterwards, go 10x to even 100x. Maybe if you can get early enough and not get greedy, you can sell once it reaches 2-5x
I am guessing you can't use normal exchanges like kucoin or coinbase since all the coins there seem to be somewhat old

>>29277176
>You hedl for 2 years, but you didn't keep track of the project. That's why you missed out.
Definitely. Now I'm paying much more attention to teams and partnerships. I'm never buying anything from an anonymous team ever again.

>>29278165
>most coins, even they otherwise don't go anywhere afterwards, go 10x to even 100x.
During a bullrun, yes. Pretty much everything skyrockets. Even fucking Dragonchain is rising in price.

>Maybe if you can get early enough and not get greedy, you can sell once it reaches 2-5x
Also yes, that's a solid strategy. WIsh I had done it 3 years ago.

>I am guessing you can't use normal exchanges like kucoin or coinbase
If you want to gamble with the microcaps, you need to find them on smaller exchanges or use Metamask or 1inch (by manually adding the token's contract number).
In the "Markets" section of every coin's page on Coinmarketcap, you see where you can buy that coin.

>>29277538
Any books or resources you'd recommend a rank amateur in crypto pick up?

Bought in basically randomly in December. I made $1k on a $4k investment on GRT over the span of two months, felt good for a day after selling, and felt awful when GRT moon'd like a week later (missed the chance to make like $13k).

There's clearly a few mathematical frameworks to use to inform buying and selling with crypto due to the predictable supply variants, etc, and I'm dying to discover more of those models. making money iz fun

Also building on what >>29278165 asked; what exchange do you recommend? I have to imagine you trade more than BTC with how knowledgeable you are

>>29278353
>Metamask
thanks, I was thinking of using trust wallet but if I can buy directly from metamask I might just use that

>>29278524
Be aware that the gas fees are brutal pretty much everywhere. One more reason to NOT overtrade. Buy promising stuff and sit on it for at least a few weeks.

>>29278361
I think he mainly focuses on BTC >>29274774
>>29278610
oh ok thanks. I was going to buy some more tomorrow, but maybe i'll wait until my paycheck to deposit more at once

thanks for all the info anons

>>29277729
Do you use a vpn? Try your phone or something
>>29277822
If I understand how they calculate this correctly they're saying, here are all these wallets that have coins in them. Then saying how many last had a transaction 1-2 years ago and how many had a transaction 1 week ago? Thus here is how many are in profit for each category.
The intuition is if the quantity of wallets in the 1 week category > the quantity of wallets in the 1-2 year category that it means there are lots of newfags joining the market which indicates a bubble top per behavioral economics.
Earlier ITT I discussed it a bit, I think it's ok to use, I don't like it personally because I prefer dusty economic fundamentals. But it looks like it's doing a good job, so I think it's fine. Though I wonder if it might miss really unique events for which aberrant behavior is justified.
>>29278361
General advice is that books don't help you in financial markets, experience does. It would not hurt you to pick up microeconomics, macroeconomics, and statistics textbooks. The former two will teach you why things happen in markets and the latter will teach you how to analyze them quantitatively. You need both disciplines to know if your statistical methods make sense.
I would post a recc, but I can't think of any books that were really useful. Applications are the most useful.
Exchanges, I use gemini because I'm a dirty new yorker and coinbase doesn't jive with my bank. Which exchange you use is not important, pick one that has what you need and doesn't rape you on fees
>I have to imagine you trade more than BTC
In crypto I only care about BTC but I have invested in almost every class. Mainly because alts are too small for my taste to be investment grade. I like the concepts, wouldn't put money in them, doesn't mean no one should though

Also. Every model/indicator/whatever should be used in conjunction with others to be valid. Sorta like, if you read about dow theory, inflections are only confirmed when they appear in both industrials and transportation.
All these indicators are saying statistically X outcome is likely within some level of confidence. But there is always an alpha value ie the chance that it's wrong. If you have multiple independent indicators agreeing with each other, that chance gets smaller and the indication more significant.

>start paying attention around when btc tops in 2017
>buy in randomly with one month's rent ($700)
>watch videos on TA, follow crypto people on twitter
>chase random pumps, lose a bit
>stumble across raiblocks (now Nano) at around $2
>swing trade raiblocks until I've doubled my stack
>hold everything in proper nano wallet
>portfolio moons to $11k, but by the time I sell everything I'm at 7k
>buys cheap car, nice bike, keeps $2000 fiat in an exchange (Quadriga) to buy dips
>loses about $300 chasing new pumps with tiny amounts and then the whole market collapses
>waits on the sidelines
>Quadriga does epic rugpull, founder fakes own death in India
>loses remaining money
>watches through bear market with bitter skepticism and no plan
>buys $100 worth of ZEC only during bear market (now about $600 worth)
>pays attention again as BTC approaches 20k
>buys $200 more of crypto for swing trading
>chases DOGE pump, makes money swinging on volatility
>dilutes stack by chasing /biz/ pumps
>keeps 50% of stack in BTC to hedge risk
>finds a project that seems solid, hasn't mooned yet
>now at $2000, wishing I'd put more in
>expects to lose half of stack. Keeping fiat on the side for the big bear market to come

Lessons
>pay attention during bear
>fiat isn't fiat unless its in your bank account or in your hands
>hedge risk with BTC
>don't chase pumps

>>29279862
oh, and

>altcoins DO go to ZERO.

>bought 0.3 btc at 19.5k
>sold it at 36k to buy xsn masternode just before bitfinex listing at 0.69
>it dumps to 40c stablecoin
>sell at a loss cos i figure it will crab for some time yet
>bought fucking reef at 0.49

>>29279982
0.049*

can any 2017-2018 fags remember what coins were shilled during that era that completely fell off

>>29278954
>It would not hurt you to pick up microeconomics, macroeconomics, and statistics textbooks.

Will do. Thanks again for taking the time to post and explain your approach and some of the underpinnings of Bitcoin. I feel like I really lucked out by checking this thread and reading your posts.

If you ever find yourself in Vegas, hit me up, and I'll buy you a beer. Discord tag OneTrueNate#2258.

>>29280243
INTERNET NODE TOKEN

>>29280243
OMG

>>29281084
god it fucked me.

I was fairly rich for a minute.

>>29281084
Still have 19 of those lol.

>>29281227
Damn, what happened here?

>>29280243
Dragonchain, Deepbrainchain, Funfair.

>>29274289
Buy $gme

I bought the top with half my savings. I'm unemployed. Down $225 and wondering if I should take my noob tax now before it's too late. I can't afford to hold 6+ months. At least I bought household-name coins.

>>29280243
Humaniq

>>29281322
Is this normal for the weekend?

>>29281384
yes, you'll be fine

>>29274289
I am a total noob and turned my £2500 in to £3500 in the past two days, and then promptly lost 20% of my gains holding BNB during the dump.
Feelsbadman
I'm still up about 20% but i lost a fuck ton of leverage.

>>29274484
Watch XMR. It always pumps right before a market crash

>>29281384
Sunday tends to be a red day, yes.

>down $225
That's really nothing, I'd wait a bit more before giving up.

I turned 500 dollars into 10k dollars with wynaut, went to sleep and it was back to 500 dollars when I woke up.

I put about 4.5 ETH in shitcoin and they're down to about 2 ETH, should I cut my losses and put it back in bitcoin?

>>29281465
>>29281426
I'm scared. Tell me it's okay to cry.

>>29281759
Lol dude cry like a little bitch if you want, but there's no reason to.

I started with $300 in 2015, hit 10k during the 2017 run, took out $1300, lost most of the rest in the crash, and have since crawled back to 2500. Oh the pumps I missed. Oh the garbage that I bought. The ONLY thing I did right was grab XRP super early on

You see

>>29281275,

I am especially retarded. I made like 15 all in plays in a row starting with 10k usd. I'm super retarded, I'm probably one of the stupidest people that has ever lived. I actually purchased bitconnect. I got very lucky a bunch of times in a row and didn't know when to quit. Now I just hold like 100 different cryptos. I don't even trade. I just have them.

>>29281911
some people made a l o t of money on bitconnect.
what's some of your favorites now so I can make sure I don't enter them?

>>29281911
>I actually purchased bitconnect
I think you're the first person I ever met who bought that. I'm weirdly honored.

>>29282004
>what's some of your favorites now so I can make sure I don't enter them?
Kek a reverse oracle.

I heard extremely early about GME before the official pump even started. I was completely in. Had a limit sell at $320 before I heard about RH limiting buys. That infuriated me and I decided to cancel and bag hold until millionaire or broke. Guess I went broke. I never saw the money as mine but it still hurts.

>>29282131
>Had a limit sell at $320
Jesus, how much would you have had?

>>29274289
At separate points in my crypto career, I held enough XRP, Monero, and link to actually never work again and have anything I wanted if I had just held. Instead I sold them when they weren't looking good some month just to see them go 100000000x without me.
Don't even know where the money went. And makes me wonder what shitcoin I have now that I am going to sell for $500 profit or maybe even a loss.

>>29274774
Good stuff, anon.

>>29282264
I just dumped all my REEF, if I ever see that fucking coin on the front page of CMC I'll rope

>>29282004
Well, 'favorites' is kind of not my style, but I can show you my biggest holds. I haven't made any trades in a long time. These are from years ago. It's not like I chose these. They just by coincidence happen to be the most valued things I have.

>>29282053
I actually still have it. I don't think I can trade it anywhere, but now it's like a super rare coin. I'm very bullish.

>>29282420
Continued

> look at him, he sold weekend dip

>>29282420
these aren't bad at all, kind of overdiversified but hey if you just forget about them for a decade I bet it will work out.
>I actually still have it. I don't think I can trade it anywhere, but now it's like a super rare coin. I'm very bullish.
There's a small community trying to revive it as a joke. To be honest I'd probably throw $200 at it if it got any attention, which is more than can be said of a lot of things, so maybe it could take off again someday.

>>29282420
>>29282492
It worries me that your picks don't seem too bad (OMG excepted).

>>29283050
They look like what happens if you overtraded in 2017 and ragequit with all the dust sitting in your wallet still.

I invested around 6k€ in mid 2017. Through research and what not I find out about chainlink. On /biz/ presale links to chainlink were shared which were like a huge gamble. "Send eth to this smartcontract.com website but it doesn't have a smart contract, just a wallet address". At that point, I was up significantly so yolo a large sum into a shared pool. Weeks of rolling around in Telegram dm'ing Rory to see if we got scammed or would get LINK. i got it, I don't remember exactly but like 20k. Meanwhile, I become a link marine. Like a full blown retard. Shilling it to even people in real life, that this is the next big thing. I accumulate 80k chainlink. After 2 year or so of holding, accumulating and shilling, I sell everything in early 2019 when it begins to climb thinking I'm finally getting my payday. I make out with around 7 BTC.

What happens next is LINK goes fucking parabolic. I'm not buying back less than 80k LINK or more. It goes up and up and up. At some point I could only get like 40K link back and decided "I'm never going to buy that shit ever again". Just hold on to BTC. Lose around 1BTC making shitty trades on Binance.

Now, I only have 6 BTC or so left. 277k€ at the moment of writing. Only 46x my initial investment and it's good but I could have been a MULTI MILLIONAIRE. I really believed in chainlink. Now, not so much anymore (as long as eth doesn't scale, smart contracts are a novelty and link is centralized anyway).

26 year old. 277k in btc and it doesn't feel like enough. Can barely buy a decent house and then what? Still wageslave to pay taxes on it and get food on the table? Fuck my life.

What about altseason?
Some say BTC crash takes down everything, others say it kicks off altseason.

>>29274289
> ENG a shitcoin
Fucking yesterday it was at $5 again
You should have bought more when it hit 10 cents moron
And if you didn’t invest in projects during bear market you clearly have no clue about crypto
> survivor bias
Actually learn about the tech, did you even read the ENG white paper? You know that ENG is a top 10 project right? I understand that you haven’t made it, you are not an autist, just and average normie
GO BACK

>>29283213
>Only 46x my initial investment
Jesus fuck dude, I think you're in the wrong thread. Had I made 46x I'd be in some asian country buying people. Not renting them, buying them.

>>29283386
I already said that not buying in the bear market was a mistake, what's the point of being all aggressive and acting like a professor?

>>29283386
>yesterday it was at $5 again
I'm talking about Enigma (ENG). It's $0.22. No idea what ENG you're talking about.
>$5 again
Lol no.

>>29282420
They should make nfts out of bitconnect coins lol

>bought 10k worth of btc in 2013 as it went above 1k
>btc crashes to >400
>sell most of it and spend the rest on weed.
>i had over 10 btc at one point...
>see crypto bull run on 2017 and decide i was going to make it this time, thtow 50k at random icos shilled by youtubers.
>2018 bloodbath decide to shun crypto forever and resignate to wagecuckery in my 30s.
>2020 most of the ico projects i invested in dissappeared or collapsed, randomly check my wallet and see ocean in the green.
>decide i am going to make it once and for all.
>find out about defi, throw 20k into yfv when it was 500 a coin, crashes to 5

I knew about eth in 2016 but was too scared to invest and still hated myself for spending all my btc on drugs.

I knew about dot in 2019 but was still hating myself for throwing away my life savings on icos.

This time i have taken some profits but im determined to make it i am tired of missing the boat i cannot continue to wagecuck for eternity it is not an option anymore I HAVE TO MAKE IT.

>>29282981
That's kind of my plan, to just wait. I seriously doubt fiat is going to stick around as the defacto choice. I can see this being with over a mil in a decade. I was really joking about being bullish. I gotta look into people trying to revive it.

>>29283050
Thanks, fingers crossed.

>>29283143
That is exactly what happened. I went from 10k to almost a mil all the way down to less than 1k. Honestly, I felt like necking myself for a while. I just walked away and forgot about it for a couple of years. Only recently did I realize that I now have 25k.

Pic somewhat related. I'm a wagie now. Saw this concerning shit at work.

>>29283553
You didn’t even swap your tokens to SCRT? Damn anon. You need to keep better track of your investments. The tokens will be worth $100 each in a couple of months.

Don’t invest in technology you do not understand. That is my biggest advice to you

>>29283418
Did you even read my post? I was in with only 6k. You can't buy someone with that. I could have had a few million if I didn't sell too early.

>>29283213
How do you want to live your life? Where I live you can buy a very nice house in a low-negro area for less than $100k, and then you could spend the rest on an apartment building or something. You could have a row of duplexes for $177k. Fuck it, start a truck dispatching company and hire some drivers. They earn money for you and you pay for overhead. You'll make money profits before you run out of your money. That'll get you your million.

>>29283705
>I was in with only 6k.
Yeah but then you did a 46x.
If I did a 46x on MY original investment, I'd have $920k. Enough to buy people in asian countries.

>>29283649
>You didn’t even swap your tokens to SCRT?
Nope, had written off ENG as a loss. (Only had a handful of them anyway)

>>29283705
Don't be ungrateful. You should be happy with what you did. You could keep being a pussy or you could use your new money to make more money.

>>29274289
I have a somewhat similar story but not as bad. Invested into ETH at around $10.00 in 2017. Sold at $90.00 for about $25,000 gain (for me this was huge). Watch it run up to $400 and im fully out of market by July. Buy back in and hold till December and am up around $120k. Hold through entire bear market and drop back to about 12K. I did get lucky enough to come to biz in 2018 and see Chainlink getting shilled. Think it's a scam at 40 cents, think it's a scam at $1.00, hits $4.00 ...ok fuck this isn't a scam. I start buying in on the dip from $4.00 at $3 then $2 then even $1.50 at one point just accumulating LINK I am almost broke at this point and just hold. Fast forward (held through pandemic) sell at $17 into BTC. Hold about 15 BTC till 30K and sell into ETH. Holding all that ETH now. I know this is a "loser" thread..but I want to give some people hope. I went from death in 2017 to holding on and buying in 2018-2020. I have turned that 12K into about 1.2M today.

>>29283649
>The tokens will be worth $100 each in a couple of months.
They're $4 now and you think they'll reach $100 in 2 months? What makes you think that?

>>29283828
>I have turned that 12K into about 1.2M today.
I'm starting to think real losers are not as common as I thought.

>>29283213
Anon, you're going to make it.
Hang on to your BTC with your life. do not fucking sell. Even if shit crashes, do not sell. If you must just trade with 1.
5 BTC is a 99% ticket to freedom, just a matter of time.

>>29283862
Because I understand the tech and I actually read the white paper back in 2018, unlike you who place them in the same category as Dragonchain.

Oooh boy
In 2017:
1. The first coin I bought was unironically DGB. It mooned to x3 like 2 days after I bought, in the end though I sold at a 50% loss
2. I bought Dash at 700$ dollars, sold at 100$ like a year later
3. Bought litecoin at 300$ or something

Basically, I started with like 500 euros in may 2017 and in march 2020 at the bottom i was worth 700$. Now I put 200$ more in December this year and now I'm worth about 4000 euros. I'll probably sell soon and claim profits, then when for the next bear market and accumulate

>>29283949
From their site:
>While blockchains have the promise to create a more open and sustainable Internet, they've been held back by one major flaw: they expose all your data to everyone. A better Internet must protect data privacy and give users and organizations control over how their data is used and shared. Secret is a decentralized network that finally solves this problem of privacy
Meh. Seems like they're using lots of buzzwords to paint as a huge problem something that was never perceived as one.

>>29282173
Shut the fuck up. Please.

Here it's what we do we find the cheapeast coin that works with all blockchains and lowest to no fee's and when I say low it has to be lower than1/2 a cent.
Then we make shure everyone knows how versatile it is after we have bought what will make us rich.
We will then open a general and continue to keep each other on the progress of theese coins and how to get the word out to the normies that flock to the coin and buy just to tell their freinds they have crypto.
When the coin reaches a certain point we dump and move to the next one.
Keep the thread alive only on /biz/ fuck the others.

>>29283862
Just look into the project. Insanely undervalued. It should be somewhere between Monero and Ada.
>Solves privacy.
>Actually outperforms ethereum in a non-trivial way. Secret contracts have endless possibilities.
>They have a frontrunning proof AMM now. That alone should be sushi level valuation.
>bridge to Ethereum and to Cosmos, one of first to IBC.
>big community, lots of hype, survived the SEC trying to kill it. Been around 4 years and still going. Not about to run off with your crap.
>Team originally from MIT.
>transactions basically free now.
>30% yield from staking right now
>Already on binance
I could keep going. Very hard finding undervalued things in this market so once people realize it could skyrocket.

>>29284136
Wait though, if you bought GME "extremely early" you should still be in good profit. It's still at $40.

>>29284099
Yeah because any company you use today will just share everything about you to everyone else. Privacy is a meme and it doesn’t even exist today. It’s just a meme. Is that seriously your argument? Ever tried playing poker without privacy, oh very fun, when you can see the other people’s cards. Imagine a few retards playing poker together and if they wanted to they could look at someone else’s hands.

Just buzzwords.... hahahahahaha

You’re fucking hilarious man

>>29283918
I cant even list the amount of coins i lost out on. Moral of my story is to just hold majority of your worth in ETH or BTC.

>>29284296
Privacy is important and all, but it's not "the one major flaw that has held back blockchains". Blockchains aren't mainstream yet mostly because normal people are still fearful that it's all a scam and that someone is gonna steal their money, or are scared by its difficulty of use.

That doesn't mean the project doesn't have value, it's just that they're trying to magnify the issue from a secondary problem to the main one.

>>29284302
>I cant even list the amount of coins i lost out on.
Ok but your final balance is definitely ultrapositive. You did a 100x on your initial investment.

>>29280243
DBC, BNTY, PRL, WTC
basically a whole bunch of shit my newfag ass bought fml

>>29284697
Well, to prevent scams you need people to be eligible for actions and decentralized identity. To create decentralized identity you need a privacy solution. So yes, by using this system we could put more valuable and sensitive data on the blockchain and thus increase the security.

>>29284747
I just accumulate what I think are good projects and hold most in ETH/BTC. Currently just holding ETH and accumulating ATOM. Do whatever you will with this info.

>>29284892
One of main bnty devs asks questions in defi discords all the time, and it's always pointless pedantic stuff.

>>29274289
Really helpful thread for once, thanks for posting OP.

>>29284286
options. Fucking options.

>>29284925
>ATOM
Been hearing about that a lot lately, but it just went 5x.

>>29284903
>>29284250
Looking into it now, guys. Seems promising but still not ready to pull the trigger, everything seems promising at first glance.

>>29285522
The numbers, anon. You're still holding back the numbers, it's not healthy. Coinfess here that you're anonymous: how much could you have had if you had sold at $320, and how much do you have instead now?

>>29285425
You're welcome. The most important lessons are always written in blood. Better if it's someone else's.

>>29274289
>>Start thinking of my losses in terms of months of wageslaving.
Iktf.

>be me
>think i can escape wagecuckery via stocks
>dont realize how slow they can be
>get into options
>lose 10k
>realize how much of my wageslaving time was basically for nothing
>slowly get out of stocks
>the reality of being a wageslave for life sets in alongside my large loss
>was also unemployed at the time pre 2020, am currently unemployed....
>dont think im ever gonna get a good paying job

At this point Ive gone in heavier. I have to escape Im just not the kind of guy who can last in the wagecage and office politics. Not only that but it depresses me knowing what my family is going through, I want to help them too

Ive made my original loss back but I need to make significant sums if I ever wish to help them and I. I never want them or I to ever deal with the workplace again

>>29274289
>be me
>hear about crypto the first time early 2017
>ask super smart friend about ETH, want to buy ETH and btc
>tells me "kek, you're gonna lose your money, anon"
>be scared, because he has high IQ (or so i thought)
>greatest bullrun in crypto happens
>enter early 2018 right at the top
>buy VEN, HPB, NEO, NANO
>fell or the china hustle
>read on /biz/ about LINK, invest 100 bucks for the lulz
>everything crumbles, forget about crypto for 2-3 years because it's a scam
>don't buy at the 2018 christmas dip, don't buy the corona dip
>only get reminded of crypto because LINK keeps rising

i unironically just caught this bullrun because i checked my folio in summer and saw it was almost breakeven again because of LINK. i bought more LINK, but invested in shitcoins ONCE again that don't move much. i will never learn probably, but at least i'm profiting slightly now.

>>29286116
>Im just not the kind of guy who can last in the wagecage
Iktf. I too have to escape that hell. Thankfully I'm a europoor, so all I need is a 10x and I'm free for life.

>>29286243
>>enter early 2018 right at the top
>>everything crumbles, forget about crypto for 2-3 years because it's a scam
>>don't buy at the 2018 christmas dip, don't buy the corona dip
I so know that feel.

>>29283776
Where do you live? In central Europe a decent house for less than 100k is impossible.

>>29285681
The last known price of Atomic Coin is 0.00014288 USD
Buying as soon as I can find a exchange then shilling this in every you tube chat I can find..

>>29286699
there is no such thing as decent housing in europe because europe is indecent
>>29286775
atom is 22.47

>>29286775
By ATOM I meant Cosmos, not Atomic Coin.


And your strategy is being implemented by countless pajeets every second of every day, I don't think you're gonna go far.

>>29274289
Bought NEO @ $6
Didn't sell @ $145

Sold @ $40
Now it's $52

Lost 19K in option trading after making 100% from the COVID crash

Past on BTC when it was $100 cause "sounds stupid countries will ban it"

Basically, I could've been a billionaire by now

bump for this big brainer helping dumb ass geeks like me >>29274774

>>29285681
I got in at $9.00. It will be over $200. Good luck anon.

>>29286994
>"sounds stupid countries will ban it"
Well, countries are banning it, China, India, Nigeria. But they're not able to stop people from trading it.

>>29287091
You're gonna make it, anon. Don't beat yourself up just because you missed an even greater profit.

>>29286899
That's what the said about Doge and nick ballz became a multimillionaire over a fucking tweet.
Go ahead and throw bills on the fire at least I'll have some melted metal when I do.
Not a pajeet just a country boy on his acres
https://youtu.be/BXWvKDSwvls

>>29274289
Stop being a baby.

Bet more.

Union (UNN) is only 4 cents and could easily hit $4 in 1-2 years, but you won't buy, and if you do buy, you'll sell a 5x like a little bitch.

>>29283605
I believe in you anon, never give up.

>>29274289
ive only turned 1k into 15 k so im gonna rope

>>29287292
>Union (UNN)
Scam, just like PNK.

>>29286247
A 10x would free me. Not permanently though plus id keep investing im not abandoning my family in the wagecage, im pulling them out with me!

>>29287711
Such a good guy. You're gonna make it.

I fucked up by not being able to think like an idiot, and so I went all in on XMR in 2017 at about $100 and just kept holding. If anyone can give me tips on how to think like a proper retard and ride PnDs I would be grateful.

Kek this was supposed to be a losers thread and niggers are posting about x46 in order to give “hope”. Fuck off, we’ve heard your stories a million times by now.

>>29282364
believe me, you will see it

>>29282492
dude, dont diversify so much, with 20k pick maximum 2 coins,preferably Link eth or btc

>>29281227
gonna have to still pay taxes on that gain you had in the past

>>29289445
>with 20k pick maximum 2 coins
Had I done that, I would've never picked AAVE and my balance would be a sixth of what is now.

>>29289536
I refuse to believe even the USA could be this retarded.

guys, i hold 500 DOT at the moment, should i take some profit or just hold till summer? im a poorfag so that is a big money for me. my initial was 5k $

>>29289682
Take out the initial + some profit

>>29289572
You seem like a decent guy. but trust me on this diversification is a meme, what you did with AVVE was just a pure luck nothing else. just pick 2 good coins. because if u hold 10 different coins and one of them moons significantly, you are not gonna feel it that much. most people think that if u are diversified u are ''safer'', b u l l s h i t!. if btc goes down everything else goes down with it

>>29289682
Yeah, take out something like $7.5k and let the rest ride. Remember:
1. take profits on the way up.
2. bulls and bear eat, pigs get eaten.

>>29289728
But i feel like DOT could really be a winner + some big events in summer. I mean how hard can it crash if btc crashes violently?i mean i could take out 5k $, but what would i even do with it

>>29274441
>Making ridiculous gains like $90 a month
Are you 13 years old?

>>29289756
>most people think that if u are diversified u are ''safer'', b u l l s h i t!. if btc goes down everything else goes down with it
That's true. The only way to truly be safe is to time BTC's tops and bottoms.

If 3 years ago you'd told me to pick only 2 coins, I'd have picked solid projects like ADA and ETH. The first would've given me a 30% profit after 3 years (because I bought when it was too high), but the second would've given me a 450% profit, and now I'd be in better shape. You might be right.

>>29289819
Ridiculous in the sense that they're very small. Thought it was clear.

>>29289951
I see. My bad

>>29289997
No problem fren.

>>29289914
no, the only way to be safe is to not be overexposed, put in of what you can lose and just hold, thru thin and thick, it always comes up higher (if u pick decent projects).
Right now i have everything in Polkadot, if it crashed bad i would still had something left i mean, i dont think it could crash to something like -70% because the scope of the project is really big

>>29290304
not taking that risk means you will never achieve big gains. i could take out my initial right now, today. but what would i even buy with it? fuck consooomersism

>>29289914
also, neither me, nor u will ever time the bottom or the top. its literally impossible. just a pipe dream

>>29290336
But using the indicators posted in this thread (the rainbow one, the RHODL one) you can aim with reasonable certainty to time the top of BTC's bullrun, can you not? You might be a few weeks off, but not more than that.

>>29290392
if u believe you can time economic crashes you’re not going to make it.

>>29290392
BTC is an old shitcoin that will die
Other promising coins will continue to rally
It won't be like last time (at will be significantly different)

>>29290505
>BTC is an old shitcoin that will die
>Other promising coins will continue to rally
I'd like to believe that but up until now everyone who believed that got burned badly.

>>29290392
if it was so easy, everybody would look into these indicators and sell when its time. but that never works out. Just hold what u can afford to lose thats it. most important rule, and dont chase shitcoins

>>29274289
The fact about gambling is that there's always somebody who will win big. The likelihood that it will be you is about 0.001% The likelihood of you losing all your money is 99.999%

>>29278954
>I only care about BTC
I understand your reasoning behind this, you seem like a guy that has at least independently studied economics, is well read, and makes very calculated and careful decisions. BTC is basically the only option in crypto for safe players at this point.
I'm sure you've made more money than me, but an insane amount of alts have posted huge gains in the past year, the vast majority of which outperformed BTC's gains by large margins. When these bullruns hit, it seems like it's basically impossible to pick a loser (you could have climbed into nearly any half-reputable alt after a 2x pump and still made 2x-3x this run) . The trick is not losing it all on the correction

The fact is that this that Alts are a speculators market. You cannot look at TA's and other statistical indicators and win this game. You need a good technical understanding of blockchain & DeFi so you can recognize scams, redundant projects and revolutionary ideas. You also need to stay current on these companies as they gain media profile and partnerships to make judgements on their growth and longevity. Most importantly though you need to be able constantly calculate what your stack of 7000 coins you bought for $500 will be worth with various price predictions that have no real technical basis beyond my desire to see every coin I hold break $1,000.

(1/2)

(2/2)

I realize none of that is based in hard mathematics that many traditional investors rely on to help them make decisions, but bitcoin has had 10yr more years to mature than most Alts and is just now getting past this speculative phase (as you acknowledge). This took so long because BTC was the first of its kind. Now we've seen it mature, and we've seen Etherium pop up and give birth to the DeFi scene and we've watched that grow wings and spawn thousands of new crypto projects. It is much easier now to see the flaws in existing networks and speculate on which up and coming projects solve these problems and have:
>a reputable dev team
>industry applications
>strong partnerships
>a working product
>good tokenomics
>good memes
Not to say it's not gambling, but it's not like you're throwing darts blind folded either.

Thinking alts will always be alts and that they're not worth the risk is flawed thinking imo, and is the same thinking that kept so many people who were aware of Bitcoin in the early days from buying it when it was still 3 figs. Especially for new investors without a lot of equity accrued in their portfolio, alts can give short-term gains that BTC has never, and will never offer (unless you're some margin trading psycho).

For people with $500k invested in BTC, a 50% bullrun would give you a cool $250k. 50% of some poorfag's $2,000 holdings is just a grand. Which is cool and all, but also gay as fuck when you could have realized that GRT is literally the Blockchain of Google, 4x'd in a month (most recently, it took BTC almost a year and a half to 4x), taken profits, and walked away with 8k.

If I stay poor forever, we'll know who was right. In any case, thanks for a quality thread, cheers.

>>29290606
>The likelihood of you losing all your money is 99.999%
Come on, if that was true all of /biz/ would be composed of people who lost everything and are just roleplaying as investors who make sick gains every year but actually live in their mom's bas...
Jesus Christ.

>>29290606
i would argue that crypto is not the same as gambling. it depends what you call wining. even doubling my money means winning to me. im not so naive to expect become a millionaire with 10k $. it does happen but chances are very low.With casinos and gambling, well you are just gambling and i love it, but i look at it as a fun pasttime just like drugs or alcohol

>>29290570
you need to have a minimum time frame of 10 years when investing in this, pick the long term winners
LINK
AVAX
ALGO
SCRT
These represents the best solutions in different areas.
Also pick some other promising coins like SOL and DOT (and maybe some ETH if they can manage to get their act together).
Hold for 10 years.
If you see the top of this bull run 10 months from now, then you can sell 20% of your total portfolio
Learn about the tech
There you go...
Now you can be a millionaire in 10 years just by holding.

only losers want to hear from other losers. change your thinking.

What a shit thread. All you have to do is buy Link and keep buying Link.

>>29290600
>>29274289, see above - what do you think?

>>29290687
>>a reputable dev team
1% importance
>>industry applications
0.1% importance
>>strong partnerships
0.1% importance
>>a working product
1% importance
>>good tokenomics
0.001% importance
>>good memes
97,8% importance.

>>29274774
based yet they won’t listen

>>29290729
>ALGO
Hey, I already have this. Maybe I'll make it after all.

>>29290729
What about Parsiq?

>>29276552
What’s your top target off the top of your head anon, what’s your gut saying well top at and when

It's just how everyone on /fit/ benches 4pl8 and has a 9 inch dick
Then they did a poll last year and it turns out like 90% of fit benches less than 2pl8 kek

Don't take anything you read on this god forsaken hellhole seriously, but keep your eyes open for potential gem altcoins.

>>29283825
How can we do this in as idiot-proof of a way as possible?

>>29290995
It's like an off-chain front-end solution? Sure, if they become market leaders could be something. I know too little.
But the reason I picked LINK, AVAX, ALGO and SCRT is because they are all new inventions in blockchain technology.
LINK is the first oracle service
AVAX is the first gossip protocol blockchain (basically the next version of blockchains)
ALGO is the first real solution to proof of stake (bitcoin + ethereum replacement)
SCRT is the first privacy blockchain

Could you explain to me how Parsiq is revolutionary and I will look into it more deeply, thank you.

>>29290880
Uhm, based.


>>29291080
Yuuup. I literally come here to see what's being shilled and how much (less shills = more bull) to get some coins to research and also to try and argue with anons who seem smarter/more experienced than me so they can correct my retard logic.

>>29280243
There were a lot but I still have a bag of Patientory on Bittrex that I bought at ATH, made many bad decisions being drunk all the time. That reminds me, does anyone know if you can still get your coins back from Liqui now that it's shut down?

>>29290729
>AVAX will last 10yr
Biz is always good for a laugh

>>29274289
Stop being a midwit, if you aren't up 500%+ in this bullrun yet you're just nigger IQ

>>29291225
>Could you explain to me how Parsiq is revolutionary
Haven't looked too much into it myself, but apparently it complements LINK by working as a reverse oracle: bringing data from blockchains into real life systems. Some anons here did a quick breakthrough:
>>29280422
>>29280462
>>29280539
>>29281258

Btw what about Fantom? Its aim is to allow users to seamlessly use different blockchains at the same time without the hassle of switching from one to the other.

>>29291225
>AVAX is the first gossip protocol blockchain
No it's not retard

>What is Hedera?

Aaaaaaaaah

>>29274289
You lil fagget cunt I'm 30 with no tard wife more kids only 30+ thots fucked only thing I could be proud of spend all my time trying to figure how the world and. People work.
Started trading 15 days ago +110%
Niggah my stock ain't goin down.
I'm goin to make money mother fucker.
I saw the void so many times thru my schzophranic mother eyes thru witnessing my friends kyselfs! You think you know what pain feels like real deep feeling of death and misery niggah you still ain't seen shit!
Make money fuck good looking women and learn a trade job start a family!
Some of you niggas really need to give yourself a year of /pol to understand how shit works on deeper level and stop bitching !!!

>>29291696
As someone who has been on pol longer than you've been in puberty, shut the fuck up.

>>29291696
>Some of you niggas really need to give yourself a year of /pol
Nigger, I basically built that board. Sit down.

>>29291805
Kys fagget been a /pol fag since 2011

>>29291696
>Started trading 15 days ago +110%
So you got beaten by every single index?
Gratz I guess

>>29291828
>>29291805
Then if both of you so based and reality pilled what's that's gay whining about huh fagget grow a pair !!!

>>29291868
It's /pol/, not /pol. And you type like a basketball american.

>>29291868
And you've been a drooling charity case for a lot longer than that.

Post hand you shit skinned faggot, your vernacular reeks of cocoa butter.

>>29291906
Don't flex on me nigger put some motivation on those fags above

>>29291632
Interesting. Yeah I thought chainlink would provide that service, but maybe not, in that case this could be something. Fantom I never got into but I am just slightly aware of the project. Point is, by picking industry leaders and having a 10 year time frame and being diversified, you are going to make it. And never sell 100% of your crypto not even in the wildest bull market, always keep some of it in, but if you want to take out 100k at the top of the bull when your portfolio is 1MM then sure.
>>29291649
Okay, but maybe the first open source one?

>>29280243
there were fucking heaps. this is just off the top of my head:

WTC (one of the best), PRL, FUN, DBC, BNTY, ICX, ENG, REQ, NANO/XRB, ZRX

>>29291939
Poo poo pee pee, I hope my GF farts on me

>>29291939
>what's that's gay whining about
Brutally exposing your mistakes and learning from them is essential to improve yourself.

And type like a white man, if you want to roleplay as one.

>>29291985
Hard core pilled Israeli mein goy nigga keep it kosher

Everything I buy price dumps immediately after.
Its killing me.

>>29292061
Show flag cyka.
Learning from mistakes doesn't give you permission to use /biz as your personal blog fag !.

>buy $500 @ $0.07
>buy $500 @ $0.38
>buy $500 @ $0.04
>currently @ $0.45
>530% total increase and $8,000 profit

>buy $100 @ $78
>currently @ $2000
>2400% total increase and $2500 profit

It's not a larp level flex, just reality. Also in reality is the fact that these things are not even 2% of their future ATH's

>>29292162

every fucking time, im not usually even fomoing into things.

>>29292170
I'm not using it as a blog, mutt, I'm sharing past experiences to the advantage of all.
You're clearly a sub 40% white DNA having mutt.

>>29274289
I bought BTC at $12k during the 2017 run and held it through the $3k range. Not comfy.
Also sold my BNB too early and missed the run.

>>29292242
He has openly admitted to being a jew, so what more do you really need to know?

I don't do big fuckups and I am in profit, but I do a lot of small fuckups Every time I buy or sell something I find out few days later I fucked up a little bit and didn't time it correctly

>>29292242
Shut the fuck up! And stop crying like a bitch work harder l.
God speed anon!

>>29292162
>>29292228
Buy when the graph shows that the price is near support level, then stop watching the graph for at least 10 days or so.

Have around 110K. How to minimise tax, to prepare for the crash.

>>29292177
Did you reply to the wrong thread?

>>29292162
if it's less than 3% you are good, remember you just cannot time the bottom of dip perfectly if there isn't any clear support level

>>29292286
Don't stress about perfectly timing the tops and bottoms, no one can. As long as you're in profit you're doing better than 99% of normies and most of /biz/.

my mum gave me $1300 what do I put it in? ETH? ATOM? XLM? ADA? LTC?

>>29292408
I know, I say it also here >>29292347
But this is something else, e.g. I had a limit buy order for GRT at $2.3 yesterday. Then got worried and market bought at $2.5 instead, telling myself I don't want to miss it, it is long time investment anyway etc.
And today it is at $2.3 of course.

>>29292597
Dragonchain.

>>29283213
You can make some passive income trading options or open a small business, you can live three months in Asia, three in Mexico and six at home. Do NOT buy a house, unless you want to flip it or start a family. You can afford the luxury of thinking outside the box

>>29292682
Seriously, you're stressing too much over insignificant setbacks. Stop staring at the minuscule loss and look at your gains. You seem to have an overly pessimistic outlook. What will you do when something actually awful happens?

>>29292408
Btw anon your problem is your ego.

>be me
>turn 0.50 php into 5 million usd
>buy swipe
>lose it all trading
>can’t even buy a taho or balut
>have to sell my daughter to old australian men
>work my way back to 50 usd
>start trading shitcoins
>back to 1.5 million php
>just learned daughter is pregnant with half breed
>village is gonna make it
>9 months later
>have about 50 million php
>daughter shits out a full breed browny
>money is worthless, feel nothing, suicidal
>>REEEEEEEEEEEEEE!!!!!

>>29292785
Are you talking to me or to him: >>29292286

>>29292785
Holy shit you are oblivious. Eat a bullet anon, you are worthless.

>>29276552
>The momentum lasts only up to the point where it is no longer profitable to mine, at which point miners start selling to cover their expenses and wreck the price
How it gets unprofitable to mine if the price is going up? It's not the miners that are crashing the price.

>>29292838
Many such cases.

>>29274289
I entered crypto in July with $1.5k in link at $4. I was ecstatic as I saw it climb to $14 where I sold half then continue to $19 where I sold another half. I was thrilled to 2x my money in a few weeks. I decided to put $10k in and go all in on something. What did I think was the revolutionary new paradigm? Statera at .25. September rolls around and I'm down over 60%. From my initial investment FUCK

Yeah it sucked but I stuck with it. Put $2500 into Parsiq at .10 and the rest into btc and eth. That and a few other altcoins and my then $5000 portfolio is now worth about $75k.

Just stick with it there's expensive lessons but that's all they are. And don't buy statera lmao what an absolute shitcoin the most embarrassing thing I've ever done

>>29292953
Re-read everything he wrote, but slowly.

>>29292773
I am not worried about big crashes at all, when they happen I just buy more, slow bleeding or crabbing in loss for months/years is much worse

>>29292941
>>29292931
Anons a good ego death trip will set you up real good.
Check out mike tyson for reference.
Keep your ego in check don't let it play with your money.

>>29281227
Why does god never test my retardness with such things?
I would instantly end myself if this happened to me and I didn't take at least 30% of the peak as hard ass raw profit.

>>29293054
Stop sniffing paint, Tyrone.

>>29293003
>Put $2500 into Parsiq at .10
Damn, nice. How did you find it at 10 cents?

>>29274289
One lesson I've learnt now is to take out your initial investment if you make a big profit. I'm now in a position where I have spent $0 on my portfolio so all the numbers I see are pure profit. I don't know if this is a good strategy or whatever but it makes me much saner watching the numbers.

>>29293372
>take out your initial investment if you make a big profit.
Definitely a good idea for your financial and mental health.

>>29293165
See mate you confuse a larp for a direct attack on you.
You are a weak person that's why you lost
All that's advise you getting ( good btw I learned a lot)
But all that advise will fly above your head and you will do the same mistakes.

>>29293206
It was shilled here a good amount and also from a YouTuber. When I have multiple trustworthy sources shilling the same token I will sometimes buy it. Telegram groups if you get into non gay ones are decent and biz is right 1% of the time. Check out jump squad on tg they're alright at picking fundamentally sound projects.

Btw haven't sold a single PRQtie and won't be until $10 where I'll sell exactly half.

loser checking in. i buy in during bullruns and only during bullruns, this is my third cycle. i make a few grand every cycle and then never think about it until BTC passes the previous bullrun's high

NGMI and i don't even care, i have a pretty happy life

>>29291696
N

>>29293462
>you confuse a larp for a direct attack on you.
I'm just telling you to stop shitting the thread with your "I'm just pretending to be retarded" bullshit.
You're not some psychological mastermind, you're a random mongoloid.

>>29293054
I genuinely can't tell if you're in-character or an actual retard. You have been trading for 15 days, you know dick all. Your projected 230% monthly gains are anemic compared to any white man's 500%+ gains this bullrun. You are underperforming and bragging about it lmfao.

You seem like the kind of person who recites memes to people in real life, the kind of person whose brain is basically an excel sheet with a few canned responses and some if/then logic to decide which one to use. The kind of faggot who tries to shove his innane /pol/gramming where nobody wants it and play part-time shaman shillimg psychedelics as if he's the first person to ever stare at fractals and forget who he is.

You're not original, you're not intelligent, and you will never be white.

>>29293372
It doesn't really help when you are already few hundreds percent up. Because it is clear then you'll have your initial investment back, but suddenly it seems really insignificant compared to money you could have if you'd cash out right now.
And when that possible profit starts falling down it feels like you are losing your own money, not hypothetical profits.

>>29293549
>jump squad on tg
These guys? https://tgstat.com/channel/@JumpSquadMedia

>>29293647
oh and solution to this is to take profits consistently, once you are mooning have a strategy of how to cash out portions of that money every milestone you set, not just the initial investment

>>29293625
Solid points desu how I make 500% gains this bull run ?

>>29293757
Are you saying to cash out to your bank, or just to sell coins periodically to hold as an acct balance/swing into another coin? Because swinging profits into other coins is based, cashing out under 1M is cucked

>bought £750 worth of ETH at what I thought was the bottom of the 2018 crash
>It's not the bottom
>Figure I'll try my luck with shit coins to make up for the loses
>Move money around between shit like WAN and REQ and a bunch of others
>£750 was worth less than £100 at lowest by 2019
>Parked that shit and left it for over a year
>Came back and bought BNB and RLC and left it again
>Now worth about £680

I've got RLC and SYS as holds while I mess around with the £20 value my REQ still had. Hoping to at least break even

>>29293883
to sell and either buy other coins right away or wait for an opportunity, not sending it back to your bank account, I never plan to do that

>>29293757
Yeah, that's probably smarter than taking out the initial investment in one go. Will keep it in mind!

>>29293788
Change races

>>29294079
What's FUD, will bnb beat eth?

>>29290688
Kek'd and checked.

>>29292228
>>29292296
>>29292347
I'm about fucking done. I feel like the market has gone so erratic in the last week, that its totally random, and i'm just gonna hemorrhage out forever.

>>29294373
I personally think ADA will overtake ETH short-term, Hedera will overtake ADA long-term; ADA will not last to 2030. AVAX is gay; 3.5x'd on it, and I still think it's an LA bathhouse of a crypto network lmao.

BNB is a shitcoin for a shitcoin network. There's plenty of pumps to hop on outside of their miserable platform, imo. But if you wanna fuck around w/ food coins for keks, go for it I guess.

>>29294734
I think crypto beginning to centralized specialy with mastercard and visa getting into it + chink binance.

>>29294827
Idk about ada didn't do my research.
But bnb looks like a good buble to cash in I got it when it was 50 and still pumping.
Iota looks solid.
Reef looks like a good scam to me that might moon soon holding a small bag just in case.

>>29294734
yep, it is pretty retarded, I just plan to hold with extra money prepared for crash, don't see any other solution to this

>>29274289
very quality thread. Godspeed anon
Here's my story:
I began speculating since 2017, first on my country stock market. My country is a third world and the stock market is very under-regulated. PnD happens in broad daylight with stocks go up 5-6x then crash to unironically zero cash like 2 or 3 times every month. Ive been torturing myself for the last few years how if i had just a little more balls and exploit the situation wisely i would've been a millionaire by now ( and possibly a multi-millionaire in the next few months with the upcoming crypto bull run). Instead everytime i blamed myself when hindsight reveals that ive miss another opportunity and it's all ended for me. It was really hell to live in
My advice? Only one

>>29294925
BNB was an epic bubble. Nice getting in at $50, I'd be looking to take profits right about now, but I'm paper-handed like that.

Reef stunk like a scam from the get-go for me, didn't even waste time DD'ing it. I like IOTA a lot and it's currently my second largest holding.

ADA is a tranny coin, but it has good promise short and mid-term. Reddit faggots actually think this altruistic vision of decentralized global finance will get any traction with industry/1st world governments. NWO-tier coins WILL prevail, don't LARP as a good guy with your money.

>>29295507
God's speed anon thank for the heads up.

>2013: BTC miner order bounces due to shortages (at 200$ a pop)
>2018: buy into XRP at 2$ avg

Life is a fucking scam

>>29295564
No problem (((Anon)))

From 2017 to today I turned 8k into 12k with plenty of bad bets. Years down the line and I still have to wagecuck, I just put everything into LTC on a good entry and I'm gonna leave it there untouched for 5 years.

>>29293756
Yup that's the one. They focus on quality low caps they've been useful. But the thing with that kinda stuff is sometimes you gotta hold for months before you get your gains. But it's a pretty flawless strategy. Buy good shit and wait. That's it.

>>29296197
leave some for XMR too

Most useful thread. Thanks.

>>29292838
didn't know there were other peenoise out here. laban lang, anon. wagmi

>>29274289
>>29274441
never change /biz/

for all the people struggling I will say this: learn EVERYTHING you can, that little bit of knowledge will be the difference between debt and thousands and millions

for low effort fags: I appreciate and empathize with you, learn BTC market cycles, buy when /biz/ is all pink wojaks, sell when /biz/ is all green wojaks, I don't mean 60-90% either, I mean like 95-100% of the threads

>>29274289
>back before /biz/ existed the bitcoin shills were insufferable so I didnt buy to spite them
>they were right
>during early /biz/ the ETH shills were insufferable so I didn't buy to spite them
>they were right
>during 2017 the LINK shills were insufferable so I didnt buy to spite them
>they were right
>what did i buy in 2017?
>REQ

>>29281227
I just facepalmed

I hope you're ok anon holy fuck

>>29289682
hold it until btc reached 250k and then sell

you'll be tempted to not sell because you'll be making a shit load and think that it will keep going forever and ever. don't get bobo'd

>>29292162
quit trading emotionally

buy things BEFORE they pump
sell things THE SECOND you go "holy fuck holy fuck I'm rich"

>>29274484
It’s not going higher than 75

>>29274289
>survivorship bias
literally. anons go all in on a rugpull that crashes, then an hero.

>>29275442
Btc was $3k in January of last year. You’re a tucking idiot streeet shitting paneer.

>>29275442
Maxi pad spotted.

Rate my portfolio 1-2

>>29300097
Rate my portfolio 2-2

I don't need to read any of this CHUDs post to know his mistakes

1.) Didn't hold
2.) Didn't enter real projects which means
3.) Didnt research or learn anything

The poster will cope by claiming its "luck" to invest in good projects.

>>29274289

Had 5 bitcoins back then, which i bought for 1700 in total
Sold them a week later for 200$ profit thinking this thing is going nowhere

I can't hold and I was too lazy to get KYC'd on an exchange back in 2013 and it has cost me probably 6 figures

>get in last month

I'll let you all know if Im buying ROPE or LAMBO

>>29300651
scammer or retard

>>29274289
At thread, if you have discord let me know

I've been here since 2017 and im only up 200% all previous losses considered lmao

>>29286116
It's the same for me, thanks for sharing.

Only difference is i did this on esports wagers

>>29274289
Bought BNB at 250
added more at 320
sold at 280
Bought BAKE at 2.5
Sold at 2.05
But today I made all in BAKE at 1.85 and sold it at 2.2 so I'm almost without losses

>>29302445
time to pay your taxes

guys im a small business owner and i pay myself about 50k a year and do about 1500k - 1million in revenue.

i just got into crypto and looking into shitcoins since I think i'm too late to ride the btc chain.

after reading all these stories i feel like i should have gone into crypto and not built my own business