/biz/ - Business & Finance

>>53811706
/thread

>>53811706

>>53811706
yeah pretty much, I invested like $20k in 2017, it turned into half a million, I thought I was going to make it, instantly stopped working cause I always hated it. but the market rugged in 2018 and ever since then it's been downhill only have $3k left.

>>53811706
I was at the same point during the previous crypto winter. I was worth only $400k and didn't know what the future would hold. I still held my cryptos hoping for a rebound.
Then last year during the bullrun I topped $2 millions ATH. I changed half of it into stablecoin and bought an apartment with some of that money. The rest i invested some of it in equity ETFs and I have some regular dividends income now. I'm not totally sure I will make it to my old days with that setup but I still have a lot of cryptos I'm confident there will be a next bullrun.
You know what to do next bullrun.

>>53811706
I hit 1.5MM last year but sold at 1MM to lock in. I then put it all into qqq and vti so I have like 800k now. Whatever. I’m so demoralized and feel like this money ruined my life. I’m so close but so far away. You need either 4MM to fuck off or like 2MM with a paid off house.

LEARN TO STOP. THATS THE ONLY THING YOU NEED TO DO.

>>53811983
I also paid 200k in taxes on the 1MM so I guess that’s not bad.

I'm still down 94% from ATH, Moved most of my shitcoins to Avalanche and Cosmos a 4-6 months ago in hope to recover, feeling bullish but they don't perform as well as you might expect, No idea why desu, Especially Avalanche who keep delivering recently but see no positive price action

I'm starting to think that in this market you're getting punished for not being a complete shitcoin lmao

>>53811706
this nigga whining about 300k inheritance, nigga shut the fuck up. Unless you're like 25 and both your parents are dead then that kind of sucks but guys getting more free money then 90% of the population has and complains about it.

>>53812035
You do nothing with a few hundred Ks I hope you realize. I lost my parents early too they left me 80k I was homeless for 2 years before making it into crypto.

>>53811706
Turned maybe $100k into $2.5MM never cashed out a fucking penny, down to like $500k... I would be an asshole to say it "ruined" my life, but once you have life changing money and lose it it's hard to let go of the depressive feeling you get every morning you wake up to wage again.

Maybe there's one last run somewhere, anon... maybe.

>>53811706
After losing everything in crypto and DCA in July. I got sick of it in January, transferred my measley $450 (lost $10,000 overall) to binance and opened up long positions. Now currently on $6500 (was on $15000). I havent slept straight in three months now and feel like im wasting my life away

>>53812035
I got my inheritance because my father died when I was 4. I would've gladly lived an impoverished upbringing and joined the military if I could've been with him. He was a Chad

>>53811706
similar story here and i feel like pic related
i dont even know what the fuck to do anymore
i have a nice 100k a year remote job but it barely pays rent/mortgage for a 1br in my area
wtf is the point

>>53811706

ah, i see that we are now in the depression phase of the cycle, nice!

I made 7 mil on crypto. Cashed out an paid about 50% tax because I wanted to keep US citizenship. Quit my job and put most of it in stocks, down to 3 mil. Its pretty much enough where I can't motivate myself to work, but I'll never be rich.

>>53812621
cool larp bro kys

>>53812621
How delusional are you? You have 3 million, you ARE rich. But if you want to be elon musk rich, forget that.

>>53811706
send me all your money and kill yourself

It made and broke my life. Without it I'd still be a minimum wage virgin loser, without a doubt.

But it also allowed me the freedom to find love which cucked me while I was at my ATH financially. I didn't spend any of it because "muh future with my qt"

Look how that shit panned out. I should have bought a house and a car, and I'd still have enough to not do shit for as long as I wanted. Then I could have found a gf then.

it is what is it. God gives and he takes.

>>53811706
I'm glad I didn't make it last cycle because I might not have sold. held my forth airdrop from 60k to basically nothing. I'm such a fucking retard I don't even deserve to make it

Even if you made it big you would still be the NERD you always were deep down and you did not achieve any personal growth and charactwr development. Start being the MAN you want to be starting NOW. Dont focus on numbers on the screen. Live your life. Money will help but you can focus on your wallet and not your spirit and vice versa.

I mined btc in 2011. Turned off my pc because I switched to pool mining and was only making half a bitcoin a day. Constantly gambling and flipping shitcoins. Rugged, robbed, lost so much money so many times. I don't even have a full bitcoin today. Literal fucking children have way more bitcoin than I do, and I've actually mined a full btc block before.

Oh yea, I was going to buy 2 trillion shib for $2k. Had the trade setup on my phone and everything. Pussed out the very last second. No way I would have held anyway.

>>53811706
is that pic moorhead MN?

>>53811706
You destroyed your own life with your greed.

>>53811706
> stuck it all into Litecoin
What a retard.

>>53811706
>>53811970
>>53812021
>>53813142
A gambler never wins. By taking risky bets every day is a coin flip and you can’t come back from zero. ATH is only visible in hindsight. You didn’t earn your initial principal so you don’t understand how stupid it is to waste it the way you do. A real investor sees a new ATH every day. You are just gamblers wasting your ancestors blood sweat and tears.

>>53814543
This

The exact opposite, really. Crypto has freed me from wagecucking. I can't spend the entire bear market traveling and fucking around but I can stay solvent forever at this rate.

You guys put money on a pedestal. This is a cope, a form of cognitive dissonance, known as "Effort Justification". In this case it might be more accurate to call it "Time Wasted and Opportunities Missed" Justification.

There is a sort of mystique around saying you're in crypto (this is rapidly changing). But what does it really look like? Spending hours at home in your room on the computer alone.
- Not socializing or being with friends
- Not pursuing a romantic relationship
- Not exercising
- Not getting sunlight
- Not moving your body (becoming a cripple)
- Not having fun. Not living your life. Not doing what human beings are designed to do.
- Becoming shut-in, antisocial, stessed, obsessed with money

Why do you want 5 mil? What are you going to do with it? It's no wonder studies show that happiness stops increasing around ~$100,000 a year salary.

If you had a pretty girl who loved you and who wanted to start a family, and you can afford a mortgage for a house, why would you really worry about wanting more than $100,000 a year? For what? What bullshit could you even buy?

You can't buy happiness. Don't let the fact that you had $2 mil 3 years ago trap you into sitting on your computer looking at crypto. This is like the washed up C list actor selling memorabilia in the subway. Go outside for a run, go to the gym, try to find somebody to be social with.

>>53811706
i stopped working 8 years ago when i hit 100k. I got in crypto very early and just cash out as I need it. Although I can directly use crypto more and more. My networth still grew from doing nothing.
I could do anything for decades, travel meme, buy some expensive drone or whatever, but i just like sitting in front of a computer.

>>53811921
How did you mess up that bad? Held alts the whole way? You’re supposed to keep half the bag or more in bitcoin. I peaked around 1.4mil in 2021 went down over a mil from there and now I’m back around 460k.

>>53814752
I do all of the things you just mentioned because of crypto whereas without it I would still be working 50 hours/week and wasting my time in my car driving past McDonald's. Of course happiness doesn't increase forever with your salary you're still fucking working and giving up half of your life.

>>53814752
it's all about not having to work

>>53814752
Crypto is the only reason I can do any of those things.

>>53811706
you put your money into a ponzi scheme and you lost before you decided to pull out
many such cases applies to all crypto "investing"

>>53811706
uhh you can get a job tbqh. it's not so bad. the reason a lot of us hate jobs is because we're stuck in the debt trap. all of our money gets funneled into another's pocket. but if you're debt free. you can do whatever the fuck you want. no one can fuck with you or fuck you over. you're not trapped. that's the dream. go to work man.

>>53815468
im in debt, but with 20k from investing, the dream of "making it" gives me lots of confidence. i just have a little breathing room. i wish people could understand. i still feel trapped, but i see a light at the end of the tunnel. i just need like 140-200k before taxes and i can be debt free.

>>53814752
>This is a cope
>proceeds to type giant post of cope
face it faggot being poor sucks

>>53811706
>>53811921
>>53811970
>>53811983
>>53812021
>>53812126
>>53812136
>>53813189

Go all in Trump cards.

I am not fucking kidding.

Do it.

Do you fucking realise what Trump cards will do when Trump returns to Twitter mid-summer and gets announced for the nomination? To understand NFTs, you have to understand newness. All the apes and shit from a year or two ago, they'll never get trending again. Trump came out only a few weeks ago.

Every year, there is something that blows up, something singular that everybody focusses on and obsesses over. This year it's going to be Trump cards. Nobody gives a fuck about the difference between all your technical fucking shitcoins, it's all meaningless techno gibberish to them. So they choose the coin with the funny dog face promoted by the space rocket fast car man.

What happens when the other big meme man starts getting broadcast 24/7? What happens when people get that political rage back and start making the Trump cards go up because they see it as an act of political defiance? They know it's just another way to trigger the libs and of course everybody else knows that this is going to happen, so they join in also to speculate on it.

Trump cards will be the biggest fucking explosion this year. Guaranfuckingtee it. Enjoy the fucking fireworks. I'll be there for it.

>local retard ruins his life
You can cope by saying at least you're not a broke zoomer teenager who will never even get to make as much as you've lost. Which is technically true. But losing out on millions because you're retarded is probably not bueno.

>>53812021
Hold Avax until 4 digits and you will make it.

>>53811706

i lost 20k in celsius but lucky im not a retard and also max out my 401k, hsa, ira in tradfi as well as keep a fat stack of ether totally separate. still, hurts to think i lost money i couldve used to fuck off to europe or asia or something for a month or so with. anything is better than losing money to a scam because you didn't even get to enjoy it. always diversify man, even if you're doing dumb shit. never let it be the same dumb shit. also this is another reason why the weirdo schizo crowd on this basketweaving forum is unhealthy, never only focus on crypto or investments, you should also be employable, either through your own business, brand, or traditionally. that way even if you lose it all you have some means of clawing your way back out. it's like leaving bread crumbs, but i guess most people don't do that which is why they rope themselves after fucking up. i like to have options

>>53815468
>>53815527
Thx man this makes me feel better. You’re right, it’s all about not having to work, but you do it because it’s something to do in the meantime. Maybe that’s cope. But I took a year off at the beach and by the time I was done, I wanted to blow my brains out because I was so bored.

>>53811706
You fuck yourself over easily with greed, Always remember to take profit while you can, NFA, start DCA again, focus on AI and Web3payment, and don't fuck it over this time

>>53816528
arent these things like 5-10,000 dollars already. im priced out. also how many are there in the first place?

>>53811706
You should write a book, name it the Dumbest young man ever

>>53816779
ah damn man. I can sort of relate but from a diff angle. to be honest i wanted and enjoyed being a NEET for three years. I made a decent amount from crypto as I said and I was living on part of it. Video games, anime, movies, drawing, talking with buddies. I was 100% a consumer and never had any psychological issues with it. I do really well by myself and prefer being a hermit. But there were significant problems.

I was getting extremely unhealthy. I didn't have the discipline to exercise and I was gaining weight. I was borderline, if not already diabetic and extremely mentally lethargic, and feeling aches and pains all over my body. I got GERD (amen to British Gaviscon) My brain was getting stroke-like as well. 100% have sleep apnea. doing nothing was horrible on my body. And because I wasn't working, I didn't have health insurance. And I had to start paying my loans again. I needed a job and particularly something with physical activity.

Thankfully I was able to get my old job back and it's been a blessing. It's been about a month and the "brain fog" while not gone is heavily dissipated. I already lost 30lbs. My muscles are returning. The gout and ankles are getting slimmer. I'm getting more energy back. GERD ain't gone but I'm managing well by eating better. Fasting with OMAD and 48hours.

At work I have a shitty supervisor, but since I'm more "confident" I know how to deal with him and know how to let it go when he says something retarded. I just grin and laugh. It's quiet quitting without being depressed about having to work. Since it's a part time job. I use my free time to watch anime/study whatever I need to do. I understand better why having investments/money and a goal to reach with financial freedom is so important. An enlightenment I never had before.

>>53817980
The current floor is like 900 but I wouldn't buy those at these prices.

>>53817872
With the rate of crypto payment adoption rising right now, web3payment trending in the next bull run wouldn't be surprising, I only bought some UTK, and that's it

>>53811706
Just do some other random stuff to find interests. But doing good/charity/helping is always good. Giving gives a reward.