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/biz/ - Business & Finance


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18258880 No.18258880 [Reply] [Original]

started this year at $100k in crypto. corona crash destroyed me. yesterday got totally wiped out. never felt so much despair. anyone here ever lose like that and manage to comeback?

>> No.18258889

>>18258880
w-wait, DID YOU SELL?

>> No.18258899

Lol

Should have stuck with good ol American stocks

>> No.18258900

>>18258880
You were liquidated? Or you panic sold? The answer to that will determine whether you will ever make it again or not.

>> No.18258911

>>18258880
You just learned a 100k lesson
Get shitfaced tonight
And tomorrow get back in the game knowing how to never make the same mistakes

>> No.18258914

if you add my opp cost i should have something like 100 million. it's just numbers no a screen op. i know why i do what i do b/c i don't want to be successful deep down b/c i haven't had sex so this is my subconcious sabotaging me. idk about you though.

>> No.18258915

I was just about to invest in Chevron before the oil crash. For once my procrastination saved me

>> No.18258941

>>18258900
lost 75 % in crash. sold a couple k to prep. made a lot playing ethbear and ethbull then cz delisted them out of the blue. back was to the wall. went into margin at 10x then it all spiralled out of control. yesterday my battery died during the pump on a short and i couldnt close. while it was recharging i got liquidated.

>> No.18258967

Started with 70k in the middle the 2017, made 840k by following faggot tiwari and asianwhales on telegram.

tldr turned 8btc into 59btc. didnt sell, now only have 1.4btc

>> No.18258987

>>18258914
i felt that self sabotage as well but only toward the very end when i got desperate.

>> No.18258990

6 overdoses and 1 suicide attempt in the time since i lost it until now. but now im over it and sober.

>> No.18259006

>>18258967
Bullshit

>> No.18259029
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18259029

>>18258967
>now only have 1.4btc

>> No.18259040

>>18258967
Wait if you didn’t sell how did you lose over 56 btc?

>> No.18259065

>>18259040
The trades went down. I never had 59 on paper. My main trade was 15k into XVG at .0005 I would of made $550k on that trade but I let xvg drop all the down to half a cent again before selling just like all my trades.

>> No.18259084

I self sabotage sometimes too, mostly cause I don't place value on this shit. I do better when I'm smoking a bowl with a mate but mine are dead now. Just take some profit now and then

>> No.18259104
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18259104

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHHHHH OPPPP IM SO SORRYYY, WE LOVE YOU MAN, DO NOT HURT YOURSELF, LOOK TO THE FUTURE AND LEARN FROM WHAT YOU'VE DONE

>> No.18259425

>>18259006
>>18259040
As someone who has made this mistake on a smaller scale, I can say this is very easy to do. Greed and emotions are the biggest enemy of a trader.

>> No.18259466

>>18258941
Fucking Christ man... Just lol. I'm sorry for laughing but maybe this isn't for you. You'll be fine in the long run though and stick to vanguard ETFs and 401k plans. You're not an investor, you're a gambler.

>> No.18259474

Stock options, just start with 500 and make one or two good predictions

>> No.18259489
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18259489

>>18258880
It's difficult and risky, but possible.

>> No.18259497

>>18259006
It's very believable considering the insane gains in 2017, followed by stuff crashing 99%.

>> No.18259842

>>18259466
that is what my dad said as well, thing is I am a great investor/trader, I began in 2016 and turned 2k into 100k, I never touched margin. The crash and then the end of the world came out of nowhere and fucked my whole world up. But you and my dad both say this isn't an excuse and that I'm just a piece of shit.

>> No.18259871

>>18258880
I've lost it all anon. It only gets better with time. Eventually you will be back. I know that's hard to believe. I regret not believing it sooner. I would be in an even better position now.

>> No.18259876

I started this year with 40k in crypto, now i'm down to 5k after trying to short this fucking clown market

>> No.18259900
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18259900

>>18258880
hard work and patience
this too shall pass, fren
lol poorfag

>> No.18259902

>>18258941
Never change /biz/

>> No.18259922

It's ok OP I bought 4k worth of crypto at the top in Jan 2018 and it's only worth $400 now. But I'm still living. The most valuable lessons are the ones that wipe out a huge amount of your assets, but do try to learn from them.

>> No.18260010

>>18259842
>I began in 2016
>turned 2k into 100k

So do it again. What other choice do you have.

>> No.18260032

>>18259842
Based dad. He’s welcome here anytime. You however need to get back to le reddite ASAP

>> No.18260116

You had fun tho right? Crypto is speculative—gambling—rush, Adrenaline, when you call the movements. This isn’t a job. It’s a hobby which may potentially make you money, but is otherwise expensive. Don’t piss on yourself with what ifs, be buddhist

>> No.18260175

>>18259842
Anyone who put 2k in 2016 could have walked out with 100k
You were lucky and made smart moves, wouldn't say great trader

If you were a great trader you wouldn't trade off your phone in low battery

>> No.18260222

>>18260175
or at least keep a portable charger around.

>> No.18260410
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18260410

>>18258941
>he sold the bottom instead of buying it

You aren't going to make it

>> No.18260462

>>18260010
Based. 2020 is the new 2016.

>> No.18260803

>>18258941
>went into margin at 10x then it all spiralled out of control.
Sounds like a solid plan anon. Good thing you have a cell phone to blame.

>> No.18261048

>>18260462
Can’t remember what happened in 2016. I can’t remember when bitcoin began to pick up to 1k.

>> No.18261079
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18261079

>>18258880
yep. lost around $20k in a failed short. got liquidated. it gets better after a couple months, but the wagecuck grind is really what gets to me

>> No.18261159
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18261159

>>18259842
The memes are too real.

>> No.18261188

>>18258941
dude brutal. I had about 120k before the crash and sold a couple k to prep too. Now I got like 10k cash 5k precious metals 5k in guns and 55k in crypto.

I'm sorry brother. If it's any consolation, you may still have a chance if you all in on SUTER.

>> No.18261202

Drunk anon dropping in. I found my grandfather's watch tonight, it has a small jewelled placement on one end of the band. It represents 25 years he gave for a telecom company. This is pretty much what's left of him, what will you give?

>> No.18261242

>>18261202
50k SUTER?

>> No.18261261

>>18258880
yes twice. come back already

>> No.18261263

>>18259842
just another over leveraged turbo bull

>> No.18261268

Keep on hustling mate. The whole world is about to get screwed by a recession/depression - the strong ones will survive. I've made a lot and lost a lot in Crypto - Just staking POS cryptos now (hoping that NEO,ALGO & Vechain) will kick-off in the coming years. Find good gems now and earn a humble passive income in the future

>> No.18261287

Not as bad as some here but ATH was 40K now i've 4K

>> No.18261296

>>18258889
>hey daddy why are your life savings worth $20
>you only lose if you sell son!

>> No.18261321

Its ok op you'll be fine I put 8k over the course of 2 years and now its only 120k

I only bought link and sold at 2.70 then bought back at 1.75. Then sold again at 4.50 and bought back at 1.99

>> No.18261327

>>18258880
Dude, shitcoins are for poor people, pump and dumpers, and retards. If you had 100k you should of just stuck with stocks, at least then you would own a part of a company

>> No.18261330

>>18258941
>went into margin at 10x then it all spiralled out of control. yesterday my battery died during the pump on a short and i couldnt close. while it was recharging i got liquidated.
Fuck lol, reminds me of a time I had a 5x LINK short on binance with literally 75% of my money (with my money at the time being about $1200 dollars) and binance had an outage for several hours. Luckily only lost about 2%. You should try to sue your device maker and kys when you can't

>> No.18261331

>>18259065
So you see massive double digit, triple digit gain and decide to keep hodling cause it can only go up? How retarded are you?

>> No.18261342

>>18258941
You have a gambling problem, admitting that is step one

>> No.18261343

>>18258880
My chinese girlfriend cost me 80 grand today, /biz/ keeps trying to get me to performs a murder suicide. At least your not tempted to kill someone anon

>> No.18261350

>>18261343
Hahahahahahaha

>> No.18261352

>>18261331
die slow

>> No.18261358

>>18259842
>I'm a great trader in a bull market
>lost 100k gambling shitcoins
great trader my ass

>> No.18261367
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18261367

>>18261350

>> No.18261450

>>18261352
U mad fag? Imagine being retarded enough to see 100x profits and not realize you're in a bubble. Takes some special kind of stupid like you.

>> No.18261538

>>18261202
Watchdealer here.
Can you post a picture, a clear photo with the dial (clock face) visible

>> No.18261956

>>18260803
I was closing at 5k left. Got liquidated while it was charging. cell takes some blame. was down 50 percent. then bam.

>> No.18261986

>>18261342
def not. coronavirus is the freak occurrence of all time

>> No.18262002

>>18261159
my dad told me he is gonna give me 10k to start over because I told him im gonna kill myself. what shitcoin do I buy to get me back? must be low mcap.

>> No.18262112

>>18262002
Wow. You are a shitty human being forcing your dad to bail you out and holding your own life hostage if he doesn't. that is a new low for /biz/.

>> No.18262143

>>18262112
Sorry your dad doesnt love you but if the government can bail out all the world to the tune of six trillion my dad can bail me out on a shitty trade. Most fathers would do anything for their kid. If I had a son I would give him the full $100k. The world is fuckin rigged and its the only way to get ahead

>> No.18262170

>>18262143
You are every fathers nightmare.

>> No.18262384

i'm too scared to lose to much. Which also makes me too scared to gain alot.

>> No.18262419

>>18258880
On the off chance your serious, im going to write out a serious response. even though im not hodler, its a comeback example.

I started learning how to trade crypto around december, did some simulation trading for a month then got into real trades. Pretty soon i turned 4.8k to 10k,literally doubled my money, then a scam wick on btc fucked me over since i was overleveraged, only had 1k left in my trading account. Soon after i grew this 1k to 6k again through trading, cashed out a couple of gains but mostly kept it all in the account, then over a course of march i slowly lost 3k, and quickly put what i cashed out back from cash into coinbase to binance. At this point, so this monday, i had 1.6k left in my account, just this morning i grew it to 2k over the course of the week and i just got fucked over being short on this recent pump, so now i am at 800$. Far from my 4.8k starting point now.
Heres the thing though, you can see how my account fluctuates as a trader, and through it all, especially that first 9k loss, ive gotten drunk, cried, got depressed for that week, was suicidal, and just felt despair, but ive made a comback almost 3 times now and now at 800$ im not even worried. imo possible to comeback, even at my lowest ive ever been, which is right now, i still believe, it just takes time. If i could go back id tell myself to not cry over 9k, which is nothing compared to your 100k but still, and that with hard work, time, and patience, as well as following my strategy, sticking to stop losses, and having proper risk management, everything will be okay in the end. Im not dealing with as much money as you and since im a trader i didnt get rekt during the corona crash, but maybe you can learn something from my comeback couple comebacks. I wish you the best, and i know its hard, but try to keep your head up, everything will be okay in the end, and hey, if its not, you can always just join the military and fight for zog if it all goes wrong.

>> No.18262445

>>18262419
just to add onto this, if your ever at rock bottom, the only way left is up :)

>> No.18262707

>>18261188
No one wants your shitcoin, faggot

>> No.18262746

Stop playing the short game. Wait for the halving and hold until $100k

>> No.18262752

>>18262746
smartest person in the thread

>> No.18262758

>>18262143
That level of entitlement is truly amazing. What an enormous faggot. Glad you lost everything

>> No.18262761

do not invest stuff that you're not going to lose sleep over if you lose it.

>> No.18262768

>>18258941
Did you at least withdraw your FTX tokens back to FTX so Binance didn't buy you out?

>> No.18262792
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18262792

>>18262143
Lol just saw this.
Fuck off, you deserved the loss. Hope you're riddled with debt too.

>> No.18262901

>>18258880
Im about to have to sell my crypto due to having no money in lockdown. Literally down 50% on my initial despite having been well up for over a year previously.

>> No.18262919

>>18258941
Margin trading is a hell of a drug

>> No.18263298

>>18258880
Last year grew a 200 euro investment into 3 BTC. Then lost it all in a fit of stupidity (and sleep deprivation) in 1 single weekend. Same shit before in 2017.

>> No.18263336

>>18262445
>he's never been snibbed by the crab

If only you knew how wrong you were. The ocean floor is thousands of miles long buddy.

>> No.18263368

If it wasn't for all you short term fags we'd all be on the moon by now. Look at BTC's price history. It wiggles around 95% of the time, you've just got to be patient and wait for the 5% where it rockets up 10x. Buy and hold, it's really easy. Go and live your life while you wait.

>> No.18263450

>>18258880
Nah I would kill myself from the shame