[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 11 KB, 320x180, mqdefault.jpg [View same] [iqdb] [saucenao] [google]
57338801 No.57338801 [Reply] [Original]

How do you cope with the tens of thousands of dollars you've lost with crypto over all of this time? I keep chasing my losses and I keep losing more. I have a small amount of debt I am planning on paying off within the next two months and after that I will be buying shit and piss 500 etf shares. I just turned 22 in October and I have a government job making 85k a year with a deferred comp into a 401k and a pension. If I start saving now I can make it. I just don't know how else to fill the void except for gambling, especially at work. I have hobbies but the urge to gamble is too powerful. There is no worse feeling than watching the market crab and it drives me to want to gamble. Maybe if I take a shit ton of phenibut and sleep walk through life I'll end up with some money in the future.

>> No.57338834

How the fuck do you manage to be down so much. You should maybe throw 50-100 dollars into a meme coin bag at a time. Set it and forget it. Pray it’s the next shib. Not sure why people bother wasting their time trading shitcoins. Unfortunately everything is slow and you need patience. Stop day trading

>> No.57338840

>>57338801
>How do you cope with the tens of thousands of dollars you've lost with crypto over all of this time?
Wtf shitcoins did you invest in? I'm not up nearly as much as I'd like to be but literally all of my bags are up since a year ago

>> No.57338927

>>57338801
Consider it the cost of gaining wisdom. Every time I lost money, I gained wisdom. Then I exercised more patience, used that wisdom and eventually got my money back elsewhere. You're only 22. You've got your whole life ahead of you, anon.

>> No.57339696

>>57338927
This, controlling greed and risk is one of them

>> No.57339851
File: 58 KB, 736x552, buffett.jpg [View same] [iqdb] [saucenao] [google]
57339851

>>57338834
>you need patience
OP is probably not letting TIME work for him. TIME is a risk free way to grow your money. Buy a high performer like INJ at the dip...and fucking wait. No shortcuts.

>> No.57339857

>>57338801
>zawa zawa

>> No.57339863

>>57338801
>>57338834
This literally just buy LINU and your in the green again

>> No.57340148
File: 42 KB, 622x615, 1427613657147.jpg [View same] [iqdb] [saucenao] [google]
57340148

>>57338801
That's how this business works, brother, sometimes you lose, sometimes you win, just like in a casino.
That's why we like to refer to this market as "the crypto casino", but you always have an ace up your sleeve called predicting the market.
It's much easier to do this with memecoins or shitcoins, it's very difficult if you just buy alts or whalecoins.
Right now I made a 20x with TOGE just investing a couple of weeks and selling on time, maybe you can do the same, don't lose hope.

>> No.57340226

>>57338801
why anyone is investing more than a few % of their portfolio into shitcoins is bewildering to me. Its literally gambling, set aside a few % that you would otherwise be fine taking to a literal casino and throw it at a bunch of shitcoins. If one 10k x's you win if not so what, you should be focused on real things like dividends. Hell even startups are less of a gamble atleast you can look at financial data and what they're working on, crypto is basically useless