/biz/ - Business & Finance

I'm not making a fortune but I've made about 100 euro this week, I started last week, it's pretty easy to make money the way the market is

>>30342351
Down 11k in my currency since about month ago.
A combination of ignorance, retardation and weak hands.

>>30342351
Stop chasing pumps.
Start chasing dumps.

>>30342765
>tfw got into oil
How fucked am I?

>>30342351
How the fuck are you losing in this market anon, such a good market will not be available for at least 3-5 years after this one ends, dont fuck it up

>>30343168
>How the fuck are you losing in this market anon
He probably panic sells like me, or got in just before dip.

turned 4k into 40k in the past year, how did you manage to lose money?

I gave up trying to make it. Being greedy always fucks me.

Now I just wait for tiny profits and immediately cash out.

It's not great gains, but I'm slowly climbing. I hope to be ready when the next 'chainlink' comes along and can go balls deep.

>>30342681
Fucking exact same

>>30343218
That was me lol. FOMO’d into both stocks and crypto at the literal top last month. Fuck me haha.
Haven’t sold, won’t be selling. Planning on holding long term.

>put roughly 200$ in first ever crypto
>doubled one day and then went back down to roughly like 5 dollars profit and kept crabbing
I went in on fantom just before it went up past .4 and beyond, but now it's stuck in .45 limbo.
I'm new to crypto so I can't even tell if it's a good result that I'm not losing money or a bad result since I'm not profiting stupidly.
This is also enforcing my perception that stocks and crypto won't really yield you any real profit unless you're already well off and can dump thousands on these things. Sure put a wet towel on my expectations to make it in any forseeable far future

>>30343383
That’s the shitty part bro. I’m the same, except im selling and can use this money elsewhere. Oh well fuck it. Back to my original side hustle.

>>30343433

Crypto is different from the stock market, in crypto all the gains come in a short period of time, then there is a slow bleed until the next mega pump which only lasts a few days.

Stocks are reverse, they usually slowly gain then just "correct" hard and then go back to slowly gaining again.

>>30342351
crabbing at my initial investment that I started with about 2 months ago, on the verge of losing it all on these bscs.

>>30342351
98% of coins shilled on biz are scams and frauds
99.98% of all Shiterium tokens(300k+) ever created are scams and frauds.
These groups have siphoned millions from /biz anons in the past 3 years. All thanks to Ethereum.
Also all "pump" discords are scams.

>>30342351
I literally never lost any money in crypto.
How?
I didn't sell until I made profit.

>>30343439
>except im selling and can use this money elsewhere
Good mindset. A lot of these “never selling bro” kids are going to wish they did here in a few weeks

>>30343614
You technically lose your money the moment you invest it.

>>30343439
>can use this money elsewhere.
What are you thinking if don’t mind me asking?

Yeah, I'm down considerably since the start of this bull run. I was up 100 percent, now I'm down like 30%. Mostly losses from longing alts that always fucking dump due to btc flash crashes and pump and dumps

>>30342351
I think I'm close to breaking even...been in weeks.

I think I'm just moving around too much desu. I think I'm risk-averse at this point. Fuds get to me. I'm going to sell my ADA for 5% profit lol. I've lost on everything else. Sold coti and now will only hold LTC and USDT...maybe if I had got in before the bull run. Maybe I have to wait until everything is cheap again or maybe I'm just not made for this. It's very disappointing, I spend every waking hour looking at crypto because I really want to make it....back to waging for a lower-middle-class wage.

>>30342351
How the fuck are you losing money in a bull market?

>>30342600
How do you even do it?

>>30343869
Join just before correction?
Hello, we just had a red week.

>>30343867

lmao, now THIS is capitulation. We are about to pump, boys.

>>30342765
elaborate fren.

Whoever lost money on this market should stop investing all together

>>30342351
I doubled my money in the grt run up. Now that it's stalled i took my profit into yield farming with stables, and bought a handful of mid-long term moonshots.

I'm not sure what you're doing, but stay of bsc all together, and eth killers (with possibly one low priced exception) are done for this run.

>>30343870
buy low sell high.

>>30342351
you had 1 year, retard.

The open secret that crypto millionaires will hint at is that you just have pick something and let it sit there. You can't be a hot shot day trader. Three months ago you could have picked most decent cryptos and done at least a 3x. Now you have $3,000 and if that does a 3x in three months you have almost $10,000 and you've done nothing but let your money marinate for half a year. Then if you 3x that you're at $30,000. Then in year two you 3x and then 3x and you're at half a million. That's literally how it works, but it's better if you're able to start with more money. Look at the charts and see how things would have played out if you'd let your money sit in something since January.

>>30344057
I might keep 1/4 of my initial investment in, I'm just playing with too much money to remain sane. I thought the more I put in the better I would do and i thought now is the time because things are pumping. The reality is things just swing a lot. The overall crypto market might pump but I just doubt the ones I'm in will. Other people are doing great and I'm happy for them.

>>30343533
there are cryptos that do both, its a developing market so changes are far more drastic

>>30344127
This. You have to be literal retard tier to lose money in this market.

Sorry to be the bearer of bad news but if you are the above, you are ngmi and will work to the age of 65 before retiring.

Lost 500 trying to trade futures. I even got good gains, like 150% at the time, and did not cash in because "why would it stop going up now?" and lost all because of panic trade. That has been the most stressful week of my life, i was almost happy when i lost the last few bucks.

Now i'm just spot trading, i have 50ADA and i'm keeping it like that until i really learn how to do this and gain the 500 back.

>>30343870

I flip btc cos its predictably volatile and I can make like 10% of my small stack every 2 days, then I invested in some biz shills that seemed very passionate and just plan on holding them while continuing to flip btc

>>30343949
same :(

>>30342351
>started A month ago
You are a reddit/elon musk child newfag.
You deserve it lol

>>30344257
What indicators do you use to swing BTC? This seems safer unless one is caught holding the bag at the end of the bull, but that goes for anything.

>>30344127
>>30344227

Its just people who can't hold more than a month. During crypto winter you had to hold through bitcoin going to 13k then back to 5k, but they people freak out when they lose 10%.

>>30344257
you can not reliably make 10% every other day

>>30344219
Someone who made a living with crypto told me o buy algorand some 3 yrs ago. I did it but then i had other things in my life going on so i was like "i can't keep my eye on this, i better keel this as USD on the trading app just in case".
When i remembered i had a kraken account i realized i lost a 200% growth chance

>>30344246
why the fuck does anyone do this

>>30344361
i saw 52k, I sold, I saw 46K, I bought.

Шщщш

>put a money into something
>graph perfectly shows the trend goes up
>but it randomly dips/crabs in minute chart just after you opened a position
>you panic and sell
Many such cases for me. I feel like a complete moron.

>>30344338

Literally just wait for a decent dump and buy, wait til it goes back up then sell, fairly simple, don't panic sell when it dumps if you're unfortunate enough to get it wrong, yes I am aware I could be left bag holding at the end but I plan to just put some of my wage bucks into it every 2 weeks until the next bullrun whenever that is, if it's 3 years then I'll have 10k to play with next bullrun, all the while I'll still be learning about crypto and researching coins

>>30344361

That's about my average but I've only been in a week, it really is as simple as wait for a dump then buy, sold last night at just above break even which is good cos it was way down earlier in the day, then voila its way down this morning, I've limit buys set up to catch at least half my flipping money in a good dump and the other bit in a big dumo

>>30344606
I'm seriously considering taking a break if I manage to get back my losses, I need to cool down.

>>30342351
I'm down about 20% off about 5k , I'll take it as a lesson to not be so fucking retarded and just hold

>>30344606
fucking same

>>30344442
>>30344632
you realize 10% every other day would make you a multimillionaire in a matter of weeks?

no need to overstate your skills, even 1% every other day would be exceptional

Kek, shut up and go fuck yourself bastards. stop crawling to put money in your shitcoins. i made to get revenue from sharding. already bought some phore tokens and wanna get some graphene at the distribution

>>30344257
If i got a 1 sat for every newfag I see making these kinds of posts and then getting crushed I would've made it by now.

>>30342351
>since I started a month ago
well there's your problem

>>30344402
I started with $20,000 a few months ago and when I look at my very first transactions which included Algo and do the math, I would have over $100,000 now if I had left everything where it was. But instead I day traded myself to a fraction of the gains. Embarrassing. Now I lock up most of my positions in staking so I can't touch them. One of my positions is locked for 365 days and another for the next 90 days. I'm gaining interest but also protecting it all from myself. So far I'm making so much more than I ever was.

>>30343115
Dead shitcoin in a month.

Many such cases

>>30344860

I dont have skills, I think I just got lucky the last week flipping things, I've started to learn now and have bought some stock for holding and have maybe half my stack for flipping btc only during big swings

>>30342351
I made 1600$ yesterday.

>>30344929

So what is one to do, just sit out for a year?

>>30344953
What are you in now? I think it's like the other anon said, the time to get in was Jan and nothing makes more difference than when you got in. You would have has success with algo because of when you got in, not because algo is great. I got last month and it has been garbage.

>>30342351
If I had started a month ago, I'd be down 10k too.

>>30344083
when you see a big red candle dump thats the time to buy not when its massively green

>>30342351
>Everyone always talks about how much money they are making
Gotta consider the source. Its fucking 4chan. A site full of insecure worthless frustrated losers who like to LARP to coddle their fragile egos

>>30344606
buy the fucking dip

>>30345209
to make money in crypto you need to get in when everything is dumped to hell and everyone is in despair. If you only got in after you heard on the news that crypto is pumping you are already too late

>>30344219
Good advice, thanks.

>>30342351

This shit is easy. All you have to do is buy eRSDL and wait for 3 months...

>>30342351

A beginner should

Not be invested more then 3k in stocks the first year.

>>30345295
Faggot

>>30342351
im down 8k anon

>>30342351
Went to seven figs when btc hit 55k, went back down to six fig hell.
Does it get better bros?

>>30345346
Right, so just let the bull market pass?

>>30344219

Right, but you are talking about the past and it's easy to see that the end of Jan was the turning point. What is one to do now if they are looking to get in?

>>30343832

Why didnt you but m onero

There is only 4 real crypto coins

BTC,ETH,lite coin and monero

If OP bought 3k fractional of Bit coin he would be up money

He decided to invest big money into pajeet scammer coins

>>30345620
>What is one to do now if they are looking to get in?
buy the dip

>>30343867
Only newfags hold ADA so not a larp.

>>30344166
Wrong way retard

>>30344219
The trick is to buy these when no one is paying attention to crypto markets in general.
I’ve bought Lukso and UTK and made 80x and 12x respectively but I let it sit in my wallet for 240+ days

>>30345788
right, but that time is a long way from now...

>>30345702
I'm going to sell...

Don't fomo in and don't panic out, it's that simple. Find projects you like, that have some real use case and some hype surrounding them online. Look for institution backing, upcoming announcements, events and launches. Don't buy in until you have a nice entry point on the technical side of it. Try not to even look at the 5 min chart, lol. Regularly realize some profits, especially after a wild pump. Always keep a little cash out, because there's always a chance the market will dip, and that is your buy opportunity. Most of your investments should be in top 100 coins-- there are some gems outside of that, but putting all your money in those is a recipe to be rugged. Rinse and repeat, I guarantee a 3x.

How?

I'm a grade A retard, I starter crypto on like the 5th of February or some shit, knowing absolutely fuck all about any of it, and I mean fuck all.

I've still managed to go from 4.4k to 13k in that span. Don't sell on dips, don't buy at the top no matter the momentum.

>>30342351
>tfw quadrupled my money in a month since i started
>now i am barely even above double
The joy to misery ratio is horrible in crypto investing, when i make a 50% i'm extatic for about 10 minutss, when it goes down 50% i'm depressed for a day or two.
If i ever get to only 20% profit then i'm pulling out and waiting

>>30342681
so like 2k usd?

>>30345950
Thank you for offering sincere advice.

>>30345902
There are a few safe 2-3x from here until end of the year. Don’t hold any crypto next year. Wait for the 80-90% corrections, by then you should have a list of fundamentally sound altcoins to put your money into. Wait for that time to arrive, can be 2-3 years from now and then invest. When /biz/ is filled with pink wojacks, that’s when you go all in.

>>30342351
>Gets on during the rush
>Wonders why it didn't pan out.
Gg retard, you are literally years late. You can turn that into years early if you learn not to sell when it's red.

>>30342351
Yeah, cause you started a month ago.
Mentally, it's difficult watching your investments go down, but unless it's something like GME @ 300 (i.e. it may never recover to that value), you should never sell at a loss. Always hold till you're green.

>>30342351
> losing money in a bull market
ngmi

>>30344459
пcпc

>>30346070
A question for you, high IQ bro, what causes the price of crypto to get "corrected" by 80%?

>>30345902
Also don’t sell during red days anon. Even though cardano is an absolute vapourware moneygrab, this is a bullmarket and even cardano can pump. Cardano has good momentum behind it, just exit your position in a profit and dca out. Then go into some good ones.

>>30346201
Its the normal crypto market cycle anon.
Take the bitcoin chart and zoom out, it follows a very predictable pattern.
Halving, pump, correction - repeat

I invested £6k and managed to get £3.5k profit this bull run since 14th january.

The way I did it was invest in good projects that arnt pajeet shilled coins.
My biggest earners are Cardano, COTI, ECOMI.

Im no expert and if I played it correctly i'd be 200/300% my original investment rather than 50% but I accept that im new to it and still learning so thats ok. As long as you learn lessons from a loss then its ok just dont repeat the mistakes again and again or you will never profit in cyrpto or stocks because your not learning to trade your just as bad as a chaser on a roulette wheel.

A big part of it is learning to not get greedy in pumps and take profit before corrections happen. Its hard to do and I still struggle but you can do it just got to turn off emotions.

And what this anon said >>30342765

>>30346196
Cлaвc юнитe

I went from $13,000 in January, to $30,000 in February and now back to $14,500 lmao

>>30343168
someone has to lose for another dude to make money

>>30346070
alright, i will try to find those few safe 3x coins until then...

>>30346251
will do, thank you

>>30345063
I mean an actual oil.

I lost $160 to a Pajeet scam three days ago. Might not seem like much but that was a third of my current portfolio.

I'm never buying into any of these obvious scams ever again, if anything I will short them if possible.

>>30345209
I'm about 90% in BNT now because I feel like it's a simple 6x + rewards then I have a stack of 800,000 Protonchain that I feel will be a good thing in a few years. Just letting that one sit.

What I've learned these past two months putting 400$ in crypto is that you sell when it pumps, buy when it dumps
It may seem retarded, but as soon as the coin you're putting faith in does a +30% to +50%, it'll have a large dump right after. So you sell when it seems it will go up forever, and find another shitcoin to bet in while the original bleeds
With a bit of luck, you can synchronize when one coin pumps and other dumps, so you can later buy your earlier one for a cheap price and wait for thr next pump

I'm barely up to 700, but got greedy the moments where I reached 1k and didn't sell.

>>30342351
i lost everything investing in coomcoin and shibacoin and lition.

>>30345986

Good advice, don't fomo when a coin is booming, you'll win sometimes but lose most of the time, just hold until you're up a profit if you buy actual decent coins it'll go back up eventually

>>30347019

That's also how you lose out when shit keeps pumping and gaining momentum, there's a reason holding is the better strategy

>>30346947
i was considering bnt previously but never made the jump and the other one looks very interesting. Thanks brother.

>>30342351
I'm up 40k off of 80k initially invested. I have no idea how people are losing money. The only loss I've taken is on LINK because I bought more between 27-29, but it's almost certainly a temporary loss. I'm not doing anything unique here. Just buying promising projects *before* they pump, not after, and ignoring the scams. It's not that hard.

>>30342351
I made about 20k and then lost all of it in this bullrun. I had 1.2 btc and now I have .56. I feel like such a fucking loser

>>30343236
>the next chainlink
Uhhhhh you mean GRT lol?

>>30347205
>That's also how you lose out when shit keeps pumping and gaining momentum
Wrong
The momentum keeps going, but it first must blow some steam off for a bit. Find me a coin that kept going up after a 40%+ day.
I'm not saying you abandon the coin, just leave it to cool off a bit. What truly pumps something are 10 to 20 percenters.

Dude, trust me, I'm basically a billionaire in the waiting

>>30342351
I need to give my broker $7672 because I'm in margin and I don't want to pay the interest rates if I hold these loosing stocks that will still probably plummet anyway because I'm a dumbass

The only thing that's made me money is goose/EGG. Lost money hodling rubic, asko, sale, and other /biz/ shitcoins that dumped

>>30345659
Lel exactly. But I must say with all this stuff you will have to learn lessons from experience and lurking here. Eventually you will understand

You are not alone. There are hundreds, if not thousands of coins and stocks that have been steadily going down. It's a gamble, don't let anyone here tell you how dumb you are. Crypto is a zero sum game. For everyone who makes money, there's someone else who loses it.

>>30347019
Yeah until you get burned so fucking bad you invest in rope

>>30347461
>invest 400$
>not even up 2x
Damn yeah dude you’re an expert

>>30342351
1) don't believe all the larpers here
2) crypto is almost a zero sum game, for 2 gamblers in the green, there is one in the red

>>30347887
Now you're getting it

>>30346399
The market is not a zero-sum game newfag

In my 6 years of investing with long hiatuses, I've lost 12k and sunk 3k into bad businesses or scams. The worst part is most of the 12k was into winning stocks I sold too early. NVDA 2k at $20, Tesla 8k at $200. Then I resigned myself to waging and saving sadly. I DCAd 6k into LINK since October last year and swung a bit into Graph for a quick 1k boost. In the end I had like 10k LINK. Then I basically went all in on RBC and tripled it so that in my whole life of investing I've made 15k. This bull run has been a godsend. If you aren't making it now, just stop selling you idiot!

Guys when is this damn bull run over? I'm sitting here with bags of fiat just waiting and waiting.

>>30349616
if you believe the previous bullrun indicators there is still a lot to go, 2+ months

>>30349706
If to believe Murphy's law, it can go to shit on Monday.