/biz/ - Business & Finance

the number of times i told people to sell at the literal peak of crypto and none of them did. i laugh at their dashed dreams of owning a home. they worked SO hard just to get rug pulled. GOTTA LOVE IT

>>49439498
Okay well I know people who didn’t quit and made over 100 million what’s your point?

>tfw only $350k
I'm never escaping wage slavery

>>49439498
>My favorite was TRX
Everything he did was pure luck, and it ended the same way.

>>49439498
I'm convinced it doesn't matter what you invest it anymore, just if it's bullrun or bear season

>>49439498
What kind of gluttonous retard keeps trading after hitting 10 mills.

>>49439498
if you have 10mill at absolute minimum take out 2 mill since that's all you really need

i would quit at 2 mil

>>49439537
to be fair you have been telling them to sell at $1, $10, $100, $1,000, $10,000.
That doesn't make you right that just makes you a dogmatic retard.

>>49439498
At least take your money out of shitcoins.

That guy was an extreme greedy gambling addicted retard

>making 10 million
>not pulling out half and reinvesting it into traditional finance

>>49439676
you need at least 20 million to make it nowadays

>>49439726
>Price goes up
THIS IS THE TOP, SELL
>Goes up again
THIS IS THE TOP SELL SELL SELL
>Goes up again
THIS IS THE TOP SEEEEEEEEL
>Goes down
SEE I CALLED IT

It just get so tiring.

>>49439537
I have dozens of screenshots of people me calling the 2 tops last year and urging people to sell because no, we weren't to go to 100k BTC and we weren't going to see these ATHs again for an entire generation (if ever) when bulltards were saying "we'll be back here in 1-2 years max bro!". They called me a retard, faggot, nigger, etc you name it. I'm waiting for BTC to drop to $10k again before I start posting them and saying "I told you so". I know what the fuck I'm talking about. I've been in crypto since 2012 and was posting in the bitcointalk forums then when I was a sophomore in college. I was mining when you could still mine on your fucking laptop CPU. I got rekt on Mt. Gox and have been been mining at a respectable scale and gambling since. Oh well, I made it and it's just for bragging rights and goading now. Rubbing salt in people's wounds if you will.

>>49439498
Why the fuck wouldn't you sell at least SOME of it?

>>49439782
Is this new copypasta?

>>49439537
Sitting high on your throne of zero dollars.

>>49440129

Scared money don't make money. It's just the kind of cavalier attitude you need to run it up that far.

>>49439537
>worked hard

>>49440129
If you're constantly selling on the way up, then you'll never make it to the top that he got to.

And if you got to the top by never selling, why would you sell now? If you hold on a little longer, you'll be at 15 million, then 20 million.

And then 0.

>>49440224
Even if you sold half you would have 5 million dollars and he'd still have 5 million to fuck around with. I don't understand having literally 10 million and not selling ANY of it
But you're right, it's definitely the same attitude that got him there in the first place

>>49440284
The point isn’t to make it, it’s to not be broke

>>49440284
He did it with leverage, there is no "top" or "bottom", just on your own wallet. Not selling at 15 or 20 million is just gambling and being addicted to trading, simple as.

>>49439498
>I only need 2.5 million to live a full and happy life for the rest of my life
>Greedy people will risk 10 million to have 20 million which will change nothing
Greed is a vice, I guess.

>>49439569
Being flat broke when you could be 8 digits feels way worse than being 8 digits when you could have been 9.

>>49440412
You're talking to gambling addicts. They may be successful (temporarily) gambling addicts, but addicts nonetheless.

>>49439782
Shut the fuck up faggot nigger. 70k by September, also KILL YOURSELF

>>49439657
XCAD disagrees - you need to invest in products that have mass normie appeal and are bigger than what BTC does.

>>49439498
>Imagine having 10 Million dollars and not quitting immediately
He probably started dreaming about fucking movies stars, his fav actress he had crush on since forever, that LA lifestyle among the 0.1% of people, helicopters, yachts.

Then he lost it all. Still he must have took out a couple hundred grands so fair enough.

>>49439498
>$9 million dai
>$1 million nexo
>12% interest
>$96,000 monthly
>$3,000 daily
>COMPOUNDING INTEREST
Yep. What a retard.

>>49439498
Greed is a hell of a drug.
But also to be fair, most fiat doesn't look too hot either. Cashing out large positions into inflationary systems sounds crazy as fuck on paper.

Who the hell would keep trading after 10mil kek

>>49441737
>holding your entire networth in ponzi fiat stablecoins that can depeg at any moment

I would move atleast 3m of that into gold bars and 2-3m into land, to guarantee that you will keep that wealth

>>49441969
yeah if i get millions im buying land.

>>49439498
You will stay poor forever

>>49441969
Fair.
Mostly just an exercise to show how easy life would be with that amount of money and how insane it is to lose it in a year. I'd spread the dai across other stables, change it into eth/btc when appropriate (still 7% interest on those).
After a year put the 11th million earned through interest into property/land. Repeat until bazillionaire.

>>49439581
hoho buddy I'm 30, no job, social assistance here won't even cover rent, let alone the cost of living (but they don't allow you to make more than 200$ a month while on it), and a degree in fucking history. I live in a country where you can't make money under the table unless you're an immigrant willing to make less than min. wage because you're living six to a room in a ratbox. Futureless. I used to want kids but what am I gonna do now? I bought started reading around here last month, bought some ZCN a few months back on the suggestion of a friend and I own a single Link. That's it. I'd have to get picked up by a sugar momma to make it out. That's unlikely for a balding 4/10 like me. At least I'm fit and 6'1, I guess. Treasure what you got.

>>49442280
If I got to millions net worth i wouldnt hold any significant portion in crypto where it can drop 90% at any time.

You guys give this gambler shit but the fact is very few of you cashed out near the top of the run, you suffered from the same exact greed, because its just human nature.

Its very easy to say "lmao this guy had 10m and didnt cash out! I would cash out if i was him" when you have a 10k portfolio yourself, its easy to say that but when youre in the situation yourself and you made 10m easily you would think you can easily double it.
The greedy gambler mentality is the entire reason people reach millions in the first place, the guy would of never touched 10m if he cashed out the first time he had 500k if he was desponsible and risk averse.

The thing about money is that its truly never enough psychologically, you can look at any multi millionaire/ billionaire, these people have by all normal measures "made it already" and never have to work again, yet they continue to go to work, run businesses and accumulate money. To those people 1b is not enough.

If you can get to 1m then you can get to 2m etc ad infinitum

>>49441969
based and de medici pilled. if you ever get big boy bucks invest in land, gold, and timeless art.

>>49442633
Well sure but when the threshold of earning a million a year from nothing but stablecoin interest comes around you better believe I'm taking it.
Most people who didn't cash out at the top didn't have nearly as much which makes them significantly less greedy than this guy.
And we aren't really giving him shit because he isn't here. At most we are pointing out the obvious of how stupid he was.

>>49439773
you would be right 3 times and be in profit 3 times. whats the problem?

>>49442733
>Sure this is probably too good to be true and I basically already won but I'm just gonna keep going and hope it all works out

So many wannabe nigger rich retards on this board which is why most of you are NGMI. Sometimes good enough is good enough. Rolling the dice is fine but constantly rolling the dice (and yes, """"""""""stablecoins"""""""""" are risky shit too) is fucking retarded because if you wait around long enough you will roll snake eyes and suddenly you're like the numbnuts in OP.

>>49442352
damn. That's rough.

>>49439498
KWAB

I'd keep 2m to keep trading

3m into gold
2m into houses to rent and live
3m cash to chill and spend travelling and buying chicken tendies

Basically the comfy NEET life but forever financially secured

>>49439498
based retard

>>49441969

I have around 5.5 million in assets.

About 7 Million in real estate with 3.7M in 30 yr fixed rate debt @ 3.07% on it. So around 3.5 Million of my assets is real estate equity.

Rents are up 15% this year. You can never take it from me. I can't fuck it up.

Gotta convert the squiggle lines on the screen into something real. People are way too prone to blowing it up if they don't.

I have 35 million USD in a browser extension

>>49442733
Lot of fags here who had 3-5m which is enough to retire.

There was niggers who were up millions from literal bsc dog coins and didnt cash out and then went back to their starting 5k portfolio.

That's worse because dog coins have no value of any kind, to be fair only an idiot would be holding millions in shiba and not selling, but again they only reached the millions in the first place due to the greed.
The rational person would sell their jeet coins for whatever rhey think is good

>>49439537
ok notify me pls
got any email?

>>49444003

>>49439498
>Imagine having 10 Million dollars and not quitting immediately
You know what? I have the feeling that it's more difficult than you imagine. I don't blame him.

>Measuring success in USD fiat instead of BTC/ETH/other crypto

This is why I never take any of you crypto bulls seriously. You want to get away from fiat, and yet to post your "wins" in fiat dollars, instead of accumulating more crypto. You are still slaves to the petrodollar.

>>49447215
Internet money

>>49447215
Lmao shut up retard

>>49439676
people who luck into it and get cocky. aka 90 percent of traders

>>49439782
>we weren't going to see these ATHs again for an entire generation
why?

just cash out 5 million, slap it into an index fund and you're good. How retarded do you have to be?

Lol. I stop everything the minute I hit 1.5 million. Sell, quit job, stop my trucker sucking, never work another minute. I have approx 1.4 million to go, wish me luck.

>>49439537
>t. seething nocoiner

>>49442702
Just Medici you retard

>>49442352
Just stay on the /bizfit path. I believe in you and that you will make it.

>>49439498
>10 mill is my make it price even after cuck taxes(that I won't be paying)
5 mil on houses that you rent out forever and some land that will appreciate in the future(maybe a few houses in foreign countries I have family living in)
3 mill on guaranteed money franchises like McDonalds
2 mill to live off of easily since I only need to spend like 100k upfront and ill be set with possessions for life so I'll just use the rest for maintenances

>>49439782
I like this new pasta

Post some new shit faggots. These threads always either have the same old shit or less than ten pics.

>>49439782
What did you say about me, you little bitch? I'll have you know I graduated top of my class on sophomore year and was involved in numerous rugpulls since Mt. Gox, and I have dozens of screenshots of people me calling the 2 tops last year. I am the top trader and was mining BTC on CPU laptop when it was still possible...

>>49442352
>and a degree in fucking history
Have you tried applying as an archivist in a big company? They usually always need people

>>49439782
this. i have been in crypto since 2011 and I have been calling 8-11K for half a year now.

We're going back. I have seen all crashes. we lose 90-99% each cycle. people who will deny this are greedy and myopic.

>>49439676
10 mil is barely scraping by out of water

10m is unironically not much money.

>>49439569
I cashed out half.
If you can get to 10m when starting with 1k, you can get far while starting with 5m.
Not cashing out at least half is pure greed and stupidity and it shows that the 10m themselves were based on luck, and not logic / control of primal emotions.

>>49439498
>Imagine having 10 Million dollars and not quitting immediately

If you got there by pure dumb luck then yes maybe you should run away.

If you got there by repeatable good decisions then why quit? It's a game for life.

>>49439537
>I called this
>I called that
>I tried to warn you
>I was right, you were wrong

No one gives a shit what "calls" you got "right" - there is only one way of measuring success in this game and that is how much money you've made.

Plenty of poorfags scared to invest who are always telling others to sell, and then when (inevitably) they are finally right once they think they're hot shit.

Meanwhile Chad who ignored them and made 50mil which dropped to 25mil really doesn't care. Better to be rich than right, lmao.


----------


You poor fags have no idea - your risk aversion and shitty trading ability is why you'll never get to big digits in the first place, so all you can do is LARP about what you *would* do if you somehow inherited another person's portfolio after he built it up to 10mil or whatever. Basically "if you won the lottery".

Pic rel is my stack balance so far. Ups and downs are a natural part of crypto, thinking you can always sell tops and buy bottoms is retarded as fuck, you have to accept that that's not the nature of the game and that you have to just react quickly enough when the tide does turn.

If you're a retard who just holds last-gen shitcoins way past their hype cycle then it will all go back to zero and you never understood why you had that money in the first place. Chads can keep building and building each cycle.

I do remember the "wanting to quit" meme years ago, but I consider it a low T sort of thing. Once you get good at it, it's a game you want to keep playing because you enjoy it and are no longer traumatised by drawdowns.

>>49439696
No you wouldnt

>>49439537
It's not about selling at the top.
It's about selling when you have life changing money.
10m is when you cash out and buy boomer stocks and ride into the sunset on your 4% yearly returns. Cashing out your little 10k at the top is meaningless, might as well keep it in the casino

>>49439676
This is the real question. Imagine believing that your luck was skill and repeatable....

>>49439696
Probably not, souce me..
At btc ath i was at 2.4 million, the math to quit just didnt work. Id have been on hook for like 900k in taxes all, parking rest in anything safe only gets you 50k a year and its just not enough...

>>49439498
I unironically had 5.3 million $ in may 2021 at ath and now have 400k$.
Greed is a hell of a drug, I was 100% certain I was going to 8 figures.
I only took 40k$ out of it to pay for a masters degree, then it'll be the wagecage again.

>>49450799
>If you got there by repeatable good decisions then why quit? It's a game for life.
If you're all in crypto, get out now and put it in stocks or you'll regret it.

>>49450961

Good job.

Enjoy working the rest of your life and never making it back to the peak.

>>49439498
I have liked crypto for ten years, I hake 3K out of it which is what I'm allowed without capital gains every year and but something nice, antiques, silver, art, gold whatever. And I never feel bad when it goes bear because I still have all my crypto and I still have loads of nice things and they have gone up in value to. I mean ALL of you have a tax allowance for what you can sell yearly without incurring tax and you should be using it every year and then taking it and buying other physical assets, you do all do this right?

>>49451148
My best buys were urban art, banksy and stuff like that. Some of it has 100x but in general all of it has gone op silver has 2x'd since I was doing that, antique guns have 4x'd. Gold is just under a 2x

>>49451072
>If you're all in crypto, get out now and put it in stocks or you'll regret it.
Ah stocks are a different game I have a LOT more in stocks then I ever had in crypto. I'd say it is too late to get into stocks worth buying right now, energy, high dividend large cap, large dividend low volatility all that good stuff is all priced, it was low while the normies were buying crap like appl and amazon and tesla and gme all the normie bait but its all up 20%+ dividends tor more this year already and you have missed most of the ex dividend dates. I think coinbase is cheap at 60ish though but that is crypto really and not what I am talking about

>>49451231
>stocks like AMD almost as cheap as never before
>it's too late to buy stocks
>recommends shit like coinbase

>>49450799
This is from trading or finding good alts?

>>49439498
I can see myself doing that from a combination of greed for future gains and wanting to avoid fiat for tax/inflation reasons

>>49439782
and yet here you are, making shockingly gay posts like that on a childrens cartoon forum. way to 'le make it', loser

>>49451280
>tech stocks
anon i...

>>49451335
It's from gambling with leverage. I guarantee it.

>>49451280
Coinbase? I said that it was basically crypto. I would not buy AMD. You go do that though you need to learn, you follow the herd the herd buys gme or tesla or amd or amazon or apple and you follow the herd. The herd stays poor.. You are too late to but shell, xom, bhb, rio, pbr etc

>>49451756
>buy shell, xom, bhp, rio, pbr etc
Sorry, I am not here to help people who want to respond in a derogatory manner. You are too late to get into these stocks, yes coin is a valid way to touch crypto. Yes it is cheap. You go buy AMD, please and let it be a learning experience, you would be far better off buying Intel if the price drops on it a touch but no...of course AMD and Apple and similar thrash like amazon, tesla, facebook etc etc

>>49451812
>far better off buying Intel
Thanks for proving that you are clinically retarded, anon holy kek

>>49439676
all your coins are in a low cap shitcoin you‘d crash yourself when cashing out is my guess

>>49439696
I didn't quit at 3 mill and now I only have 300k

>>49451280
This is nubiz anon our LARPers are doing the best they can

>>49451072
>If you're all in crypto, get out now and put it in stocks or you'll regret it.

Poor people giving rich people sweeping and meaningless advice about how to manage their money.

>>49451335
>This is from trading or finding good alts?

Well it's all "trading", isn't it? From alts, though, yes. I just find new, next-gen alts that satisfy my criteria, get a huge position in them, then wait (or often help) them to come to their hype phase, then dump.

It's so straightforward but most people can't sit on their hands for months or years waiting for nice calm gains that end up much larger than everyone who fiddled around making trades every day (or even every week/month). That's no how anyone makes money.

Go in big, flip at the right time, find the next play, etc. Timescale months to years per trade.

>>49450799
> 90% drawdowns are normal
you'll go broke.

A blockchain protocol with powerful features that'll surely impress you. It's a revolutionary crypto currency that offers near zero cost financial transactions, incredible speed & provides businesses the infrastructure for trading goods. Check Syscon out today!

>>49442352
sir, can I interest you in leverage trading?

>>49449478
>index fund goes down 35%

i love how you all say you would have stopped at 10 million, which was his exact top. if the story was the same but with 9 million you, ofc, would have stopped at 9 million. the same mindset this guy had. you wouldnt stop at 7 million? not at 8 million? not at 9? what makes you think you would have stopped at 10?

>>49450799
>If you got there by pure dumb luck then yes maybe you should run away.
>If you got there by repeatable good decisions then why quit? It's a game for life.
hey wiseass
they can't tell the difference
they're midwits and pajeets

Imagine

>>49453525
lmao this one simple question will melt the brains of over half the people who read this thread

>>49453575

>>49453525
I know exactly how much money I want to make with any investment I make and I have it set in stone as soon as I make the investment. For the OP's picture, I would probably have stopped at 3-4 million, taken out 80% of the investment and put in 20% of that back into the same thing or diversified it into other investments.

>>49453445
It's gonna go up again, its an investment for low time preference chads.

>>49450940
That’s why you roll in USDC AND HOLD FOR A YEAR DUMMY FOR CAPITAL GAINS OR ESTABLISH RESIDENCY IN PORTUGAL AND CREATE A PORTUGUESE BANK ACCOUNT

>>49447215
is there another way to measure that would as easily indicate buying power? I ask this because the dollar is not even that anymore with inflation

My ATH was around 70k usd last year now I'm at 500 bux... It hurts so much bros

>>49452356
Where do you look for new coins? I think I have a good feel for projects but I don't know where to start looking for new ones

>>49454941
>I think I have a good feel for projects
how come?
what are some you think will grow?
join telegram chats, youll see tons of shilling and talking

>>49453711
still better if you sold for gold and bought lower
you will feel the pain

>>49450609
this. I'm cashing out a chunk at 2 million though I may wait for 5 thanks to inflation.

>>49453622
exactly. also buy truebit

>>49442733
enjoy losing half of it to taxes, retard

>>49442352
single link? how many ZCN you got? at least 100 I hope

>>49439676
Nothing wrong with continuing to trade but not cashing out at least a few million to set yourself up with a secure nest egg is beyond retarded

>>49458945
Anyone having trouble with the concept should think whether it makes sense for someone like Elon Musk to go "double or nothing" with their money. No, because he doesn't need double, he does need what he has. Even if the odds are heavily in favour of doubling, don't risk it.

To have gone to 0 he must have been completely liquidated. I just cannot understand how people can get into that mindset.

>>49458803
>ZCN
104. I check the charts on a bi-weekly basis, but try not to look too much in order to not psyche myself out.
>>49449652
I've been working out, just minor stuff, for years. Long, and many, sets of pushups, situps, pullups. Scraped together some money I got flipping furniture to build a little stockpile of protein powder to up my intake. We'll see what happens with that.
>>49453053
The only leverage I want is the moving handle of a vise that is wrapped around my fragile skull.

>>49450306
I stopped looking a long time ago, because sending all the resumes, which I hand-crafted for each job that paid over 50k/annum CAD, and getting no response was absolutely demoralizing. To be entirely honest, I'm also a bit afraid to go back to work at a normal job, especially anything in an office. I used to work an old corporate job for very low pay (14.50 CAD/hr, no guaranteed hours; averaged 20-30 per week over the year, but on-call), where they consistently criticized my "morale-lowering resistance" to management. I had good numbers. I wasn't the top employee, more like maybe in the upper 5-10% of every team (of around 50-100 people) for the performance metrics they gathered. I have crippling autism and am probably difficult to deal with, although I try to be as agreeable as I can. Have thought about weaving some lies into my resume and trying to use my limited management experience at that workplace to parlay a management position in QA elsewhere, ideally remote. It's just that the shit makes me so fucking anxious. I hate the office politics; the normie need to be- not polite, but smooth and casual and all these other subtle bullshit qualities. My light paranoia also makes it hard for me to trust that people won't fire me the next day, invent grievances, or that I'm unqualified and can't bluster my way through an unfamiliar position as an authority. I've spent so little of the last 3 years of unemployment seeing and talking to people that going out in daylight and interacting with clerks makes me feel like my skin is full of insects. Thanks for the tip about archival jobs, I'll look into that. I did some specialized coursework for such things, and have a lot of experience in my private life working with film, both organizing and storing it.
Generally I appreciate the encouraging tone. Nice to find a sense of camaraderie somewhere.

>>49453525
50% take out. I get to one million, 50% goes into the s&p. Then i get to two million, repeat.

I make considerably less than 10 million, and considerably more than zero

>>49443938
>Gotta convert the squiggle lines on the screen into something real
this is the true red pill and ironically the most difficult part.
>t. lucked into SHIB early on and would have had north of 4mm USD right now if I weren't retarded

>>49442352
sup neet boomer, fellow neet boomer here. turned 30 in March, have not had a job since around Christmas of last year.

>>49459416
Anon you sound so much like me, lmao. I've worked office jobs 95% of my working life in office gigs and they fucking SUCK. Not because of the work itself but all the other shit that seems to come so easily and smoothly to others. The only jobs I've had slight enjoyment in were delivering pizzas when I was like 19, and some carpentry work I did for like 6 months when I was fresh out of college.

Where you live in Canada? I'm in Ontario, just east of TO.

>>49459584
>>49459546
Seems like you've had considerably more success. I'm too much of a nervous wreck to make anything of my what little I've got. Currently living for my photo project, pic related. Really, if I were to "make it" in any sense, I'd probably pour a significant amount into the equipment upgrades I've wanted. afaik I'm the only one using this specific combination of gear types to do what I do. I don't need for it to make money, I don't want fame. I'd just like to achieve my vision.

>>49459584
Seems like you've had considerably more success. I'm too much of a nervous wreck to make anything of my what little I've got. Currently living for my photo project, pic related. Really, if I were to "make it" in any sense, I'd probably pour a significant amount into the equipment upgrades I've wanted. afaik I'm the only one using this specific combination of gear types to do what I do. I don't need for it to make money, I don't want fame. I'd just like to achieve my vision.
>>49460051
I only did the office job once. I've been marginally employed for the majority of my adult life, often doing odd jobs for cash. Tried to be a commercial photographer for a while. I'm not great with photoshop, and more importantly, I can't really sell myself. I made a lot of progress on my own with digital, after my first few jobs. It really takes a lot of pithy, gregarious posturing and feigned confidence to get people on board with paying you more than 10$/hr for headshots or real estate. Market is oversaturated, too.
I'm in QC, from ON.

>>49444003
Could not be more safe.

>>49443938

imagine having 10 mil and not taking 20% to live comfy while you invest the 80% what a shit skin

>>49450799
post your folio with the coins you invested in, not just a chart you made on ms paint

>>49455934
dead coin I use to hold this but most the team left its ogre

>>49439498
The mindset that gets to 10MM that fast doesn't settle for it when it gets there. I made about a year's salary with call options during covid and stopped to be safe, missing months and months of solid green preceding a recession. I didn't lose my money, but fuck me did I miss a lot.

>>49452356
So how much prq do you have?

>>49439498
>10 mill
>Owning any coin other than BTC
Ngmi

Why do people hold on forever?

>>49464800
Ask a gambler why he leaves it riding forever

>>49439498
I don't need to imagine.
This happened to me.
Fuck this clown market.

>>49440459
Same here annon. Projects that have mass adoption look ideal for long-term investment. I'm currently loading up on LOX on Bitrue. I found out that they are the world's first global IMEI blockchain that is providing the solution to mobile theft across the globe. SOL and BNB are also good buys judging from their ecosystem.

>>49439498
HOW FUCKING STUPID ARE PEOPLE
https://twitter.com/som3duudhors/status/1534212622664581124
>15. February 2022
Had no other choice then to close all position and withdraw all money in usd to ledger cause of war
A fucking special operation in a former russian provice and he panic sells everything
And then he lost all on luna

>>49439696
Let me guess, you’re poor and vaxxed.