/biz/ - Business & Finance

>>51019780
that is a horrible picture. Seeing it all vanish , slowly like that.

My portfolio ATH was February of this year so I'm actually up a lot from last year at this time but still down horrendously since then.

>>51019780
Permanent bagholder reporting in!

>>51019780

>>51019962
In Nov I had 2.2M

I don't have delta but I think I'm up like 20-30%.

>>51019780
Why don't you idiots ever sell at local tops? There was at least 5 chances between November 2021 and now to hold on to most of your wealth and buy in near the bottom.

>>51022932
>why don't you just time the market and become a deca giga gazillionaire bro xDDD

>>51022952
I don't mean selling the absolute top or bottom you fool. Anything above 60k BTC was a good sell, anything below 20k BTC was a good buy, anyone with a bit of common sense can see it.

I just started college and I’m young so I’m still hopeful

Hello, that's great! Everybody understands that crypto is the future, but have ya tried Yopi Network?

>Earn while you spend crypto in daily transactions
>Pay globally with yopicash through NFC
>No team coins
>Few big partnerships coming up

>>51022972
wow bro incredible riveting insight

now show me your 9 figure account since it's that easy

>>51022990
I fell for the Cowen meme btw

>>51022990
>0 btc
ngmi, you must always consolidate into btc

>>51023012
This is why you're poor

>>51019780
-95%

from 7 figure heaven to 5 figure hell

>>51019962
why would any biz browsing neet need more than 1.5 million dollars? be honest with urself lol

>>51023156
I have more than OP, so go ahead and tell me some new groundbreaking sell high buy low trading advice

>>51019780
-$575,000

>>51023212
How many BTC do you have in cold storage?

>>51019780
-56.67%

>>51023242
not enough

>>51023265

>>51023156
show your portfolio I need to believe

>>51023212
If the advice is so simplistic that you can make fun of it then why are you left bag holding like OP? Do you lack common sense?

>>51019962
i run bots and it's a consistent -20% churn each week.
every single day I have woken up to a loss for multiple years. the performance has been far worse than just holding; not only does the coin dump the bot looses in bad trades because TA is a lie

DELTA APY is shown on the homepage

>>51023310
I'm making fun of you because it's obviously much harder to time the market, otherwise we'd all be billionaires

meanwhile you present buy low sell high as if it's some grand easy cheat code, while I doubt you even have as much as OP let alone me

>>51023310
Well I did get thousands of warning about the top
In April at 58k it was flashing bloody red, all normie friends where in buying garbage football tokens
Colleagues buying shitdano and so on
I did know it was the top, I warned all my friend, but I still didn’t sell, I never sold and I find it extremely hard to push the button, and I’m super paranoid when it comes moving my coins out of cold storage into some cex (and generating a taxable event, at that point you just need to pray the crash is bigger than capital gains)
Then the second wave came again, I was expecting a blow off top to sell but it never came
Then slow bleed and here we are, kind of unexpected we hit 17k, that was fucking low
I bought another couple of btc around 19/20k and I warned all my friend to buy and hold for 3/4 y
I’m gonna hold the bag once again, not a big deal, I did it in 2017 cycle, gonna do it again
It’s too risky to not hold BTC at this point in history with collapsing currencies and a Bretton Woods monetary system that is falling apart, BTC upside is close to infinity

>>51023467
I'm not talking timing the market you dope, I mean selling in obvious range, didn't you see my above comment?

>>51023496
>but I still didn’t sell, I never sold and I find it extremely hard to push the button,
I can empathise, getting past the psychology can be very difficult. I was also expecting a blowoff top in Q4 2021 but still sold some around the end of March 2022 after what happened after November 2021. I'm down about 20% overall and now holding tight for the next few years too.

>>51023849
>I'm not talking timing the market you dope, I mean selling in obvious range
tell me how selling at the top of a range isn't timing the market please

if anything was "obvious" you'd be a rich man today not having to wait to "maybe make it" in the next cycle

>>51023874
Selling anywhere from Feb 22nd till April 14th last year was a good window, not enough time for you? The reason your poor if because you're greedy and will only sell absolute tops and buy absolute bottoms and never do. I know my stack is modest but it's much better than it was in 2017 and it will be much better in 2024. You never stop "waiting to maybe make it", this whole mindset is completely left of field, there is no finish line with investing. Now stop annoying me, see you later okay?

>>51023940
you just described timing the market, and you also confirmed that you have less than OP and me as well

congratulations

>>51023874
i still find it too risky to sell btc
monetary collapse can happen very quickly

>>51023969
this includes wealth confiscation, my country isn't exactly *stable*
and keeping it in stable coins means shitload of counterparty risks (it's just a matter of time until USDC becomes fully KYC)

Can anybody beat -105%?

>only invest what you can afford to lose

Checkmate

>>51024465
>pink id
Serves me right

>>51024477
>just do the opposite of what you think you should do, its that easy bro

>>51019780
Life could be worse but I included my full screenie because you can probably see I failed to sell something at the top. I'm 42k cash and that's included in the total.

Someone please give me the courage to dump MTV for literally anything else

>>51019780
>dollars
>a fucking decimal

EUfags deserve their energy prices.

>>51023968
Timing the market = 7 weeks of time to you? You're a fucking clown, stop responding to me.

>>51023339
>the bot looses in bad trades because TA is a lie

Correct. Which is why you should just drawl a picture and decide whether or not you feel bullish or bearish and trading accordingly. You'll still lose, but it's more fun. They don't call it astrology for men for no reason.

>>51023496
>BTC upside is close to infinity
It still fails as a means of trade though and requires banking services like Paypal to make use of. That's a problem in an environment of 84k new IRS agents and a collapsing currency.

>>51024511
>no BTC
sometimes I wish we go to zero

>>51024639
>he doesn’t use anon Bitrefill+Lightning to buy groceries and avoid capital gains
>he doesn’t use fake-nominee BTC debit cards to cashout at ATMs with no capital gains using some random jeet identity
what’s wrong with you?

>>51024653
Actually I do have BTC, I've just separated my portfolios since I'm changing strats right now while I accumulate and move my winnings. I think I'm done accumulating right now though until the next year unless i see something otherwise because the market is getting way too fucking scary for me

>>51024639
oh you are a mutt
you have no idea how good you have it compared to yuropoor mass surveilled plebs
you can literally legally and anonymously buy coke on tor with LN
https://youtu.be/dD2-T7TX2rk
Go at 32:25

>>51024689
>Lightning
L2 introduces a third party that operates as a banking network as is the stated goal in many L2 whitepapers including Lightning.

Giftcards are great, that's besides the point though. The BTC network cannot facilitate a single countries worth of daily transactions, let alone the globe. In the event of "Hyperbitcoinization" where there is rapid adoption and use the network would essentially halt and become useless 99% of users. They'd require a banking service to do payments and settle onchain in large batches probably every week or so in their stead. I.E. Lightning, I.E. the current banking system.

>>51024739
Just use Monero.

>>51024829
>L2 introduces a third party
that’s bullshit, like complete bullshit
you can open your own channels and run your own nodes, it’s trustless, it has final settlement in 1 second
>just use Monero
Monero is great but it is only accepted by drug sellers (don’t get me wrong, I like weed and psychedelics) and it keeps bleeding value against BTC
There is no crypto debit card that accepts monero
There is no store, shop, bar that accepts monero
Very few online services accept monero
And if I spend monero my fucking wallet get frozen until the tx is confirmed like 10/20 times, settlement is slow cause it’s in chain, a real life merchant can’t wait 20 minutes

>>51019780
deleted all crypto portfolio apps a while ago...

>>51024575
yeah bro timing the market is only if you try to time the absolute pico top am i rite

>>51023940
if it's an obvious range then you shouldve shorted and became a multimillionaire.
can you tell us what the current range is? is bitcoin high or low? do you have a position?

>>51024906
The difference is the Monero network can adopt to rising demand and BTC can't. Also privacy is great. In the event of rapid adoption Monero is prepared to deal with the load.


>>51024906
>that’s bullshit, like complete bullshit
It's not.
>you can open your own channels and run your own nodes
You can open your own Paypal or Venmo too. Again in the event of Hyperbitcoinization using the BTC network for 99% of users becomes completely infeasible. The capital requirements to operate a channel increases exponentially. We've seen fees of $60 and multiple day wait times with only 0.0002% of the world using the network.

>>51025059
In the event of hypermonerotization, did you ever try to make basic elementary math like a bunch of tx per day multiplied by 8 billion people multiplied by the size of an average monero tx? It’s dozens and dozens of PETABYTES of data, and the bandwidth required is just insane cause tx are broadcasted
Keep in mind monero tx size on average is 2.76 KB (BTC one is ~250 bytes and it’s gonna decrease cause taproot can collapse multisigs into singlesigs)
Do you realize monero cannot scale on L1 just because blocks are not capped?
It will get instantly centralized and people will stop running monero full nodes (I run one btw)
It’s obvious that we need layers, LN is going into the right direction, you make one channel to spend and you are ok for a while without touching L1 (less spam, faster settlement)
Batching LN management tx will improve it further

>>51025219
The increased costs of running Monero's network are reflected in the rewards. The incentives are setup to keep people improving the system. You're saying it can't be done. I'm telling you, you've never tried. Theoretical limits on throughput put out there by developers have been broken multiple times over the years. It's just an excuse.

You can't refute any of my points about L2.