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21108434 No.21108434 [Reply] [Original]

>I tell you buddy, just put your money in a large cap ETF, the annual returns might not seems much but with the magic of compound interests hopefully you will be able to retire in 20-30 years!

>What do you mean you made 10,000% your investment within 2 years by buying into internet Chuck E Cheese tokens? This is clearly scam

>> No.21108469

>>21108434
toppu kekku

>> No.21108491

>>21108434
when was the last time anyone made 10,000% on crypto

>> No.21108547

Eh, ETF is better than keeping it in a shitty bank account to collect dust

>> No.21108594

>>21108491
>he didn't bought link at 0.0001 in march and sold it at 10
ngmi

>> No.21108710

>>21108547
This. You'll even lose money in savings now with today's absurdly low interest rates. Is this how they force more people to play the hebrew casino known as the stock market?

>> No.21108829

>>21108710
against inflation, yes you straight up lose money

>> No.21108933

>>21108491
>>21108594
This.
CZ made a killing on all the Link he stole during the flash crash.

>> No.21109086

Jesus fucking Christ OP this is unironically exactly what my reddit libtard friend said to me when I shilled Link to him. Shouldn't have told him about it in hindsight

>> No.21109152
File: 2 KB, 147x49, sixtythousandpercent.jpg [View same] [iqdb] [saucenao] [google]
21109152

>>21108491
It's a meme, no one has ever made that much

>> No.21109358

>>21108491
It's actually pretty common, the problem is a lot of them pull out too late or even lose it all through leveraging so it doesn't do them a lot of good.

>> No.21109485

>>21108491

I'm up 3000% in 3 months on one of my shitcoins and fully expect 10,000% by winter

>>21109086
>trying to let Redditors in on LINK

Improve your ways, son

>> No.21109595

>>21108434
Unironically 90% in etf and 10% in trade. I made more gains in my 10% than my 90% lol. But my 90% keep my mind at ease which make me able to do good trades with my 10%. You have to play yourself and ETF is still better for the majority of people because people suck at trade.

>> No.21109646
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21109646

>>21108434
Biz is a literal brainlet shithole. Safe investing is for when you already have a lot of money. No one gives a shit if you're putting the ten dollars you have leftover from wagecucking into an etf. Kys fags.

>> No.21109705

>>21108710
>Is this how they force more people to play the hebrew casino known as the stock market?

(a little) inflation is a good thing. Inflation forces the rich to invest their money, because just parking it in a bank account means they lose a percentage every year.

If the rich just kept their money in the bank, instead of seeking at least a few percent return to protect against inflation, it would be a nightmare to raise venture capital or to get a loan to start a business. At the very least, interest rates for retail banking would be much higher, because a ton of the money supply would just be doing nothing, increasing demand for the money that was actually in circulation, making it more expensive (which would in turn make it more attractive to just keep your money in the bank, which would cause more money to leave circulation, aka the Great Depression)

Inflation may fuck the poor over, but it fucks the rich over a lot more, and makes it much much easier for entrepreneurs to start businesses. It's actually a steady but massive transfer of wealth from non-productive people at the top and bottom of the income scale to productive people.

>> No.21109751
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21109751

>>21109485
>being up 30x on a complete gamble and still being so greedy you refuse to sell until you get more
You're probably going to regret this

>> No.21109785

>>21108710
>Hebrew casino
>not understanding that the stock market has a moving average of ~10% year on year since 1930
ngmi

>> No.21110007

>>21109152
this was not made on one trade.

>> No.21110032

>>21108933
im sorry that was not 10,000%

>>21109358
>It's actually pretty common,
Okay. When was the last time?

>> No.21110058

>>21108434
Fucking kek

>> No.21110153

>>21109751
>thing has billion dollar potential
>buy in at 300k
>it's at 9m

I do seem to have gotten wildly wildly WILDLY lucky but 30m mcap does not seem unreasonable for an actual product that solves a real problem

>> No.21110169

>>21110032
It happened to my best friend, he made almost 200x times returns and lost it on one bad leveraging call. I'm not sure exactly when it happened but it was in the last few years.

>> No.21110245

>>21110153
How do you not get the crypto is almost 100% speculation and pump and dumps? There isn't an 'actual value' of these fun tokens, whichever silly one you got lucky with can and probably will nosedive very soon.

>> No.21110355

>>21110032
>Okay. When was the last time?

Everyone who bought into AMPL around $1m mcap made 60,000% if they sold anywhere near the peak. Everyone who bought into XOR at launch is holding 50,000% gains right now with another double to go, everyone who bought ARTE at launch is around 9,000% right now, etc

And those are just coins I myself hold, there are tons of trains I've missed

>>21110245

Sorry you're not having much luck bro, and I thank you for your concern about my financial situation, but I think I'll be ok.

>> No.21110415

>>21110355
It is possible to win on luck but actually understanding the market instead of being a sap gives you a way better chance

>> No.21110476
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21110476

>>21108434
>just dollar cost average til your 90 years old bro, you'll get there one day
>be an investor, not a speculator!
>don't buy individual companies unless you've really researched it!

>> No.21110536

>>21110415

Well, I again appreciate your concern about my financial well-being, and I wish you best of luck in your investments.

>> No.21110564

>>21108710
No, it’s the poverty treadmill. It’s how they keep wagies waging. People are just tax cattle and it would defeat the purpose if they could find a way to retire.

>> No.21110668

>>21110415
you think you understand the market?
if youre so smart go and tape read for 500k a year not including bonuses

>> No.21110758
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21110758

>>21110564

The weird thing is, the system is actually set up to make it as easy as possible to get rich. It's fucking wild. It's not like it's a guarantee, and you have to work your ass off, but everything's designed to give you the best shot possible and as many shots as you've got time and the balls to take.

Inflation means cheap money, which means as long as you're not a nigger with maxed-out cards you can get a business loan for almost any halfway-reasonable sounding idea.

If you completely fail and lose 100% of everything, we have the concept of bankruptcy, which wipes out your debts and lets you start over again when you get a better idea.

The tax code is almost custom designed to make it as easy as possible to get rich. Incorporate properly, and suddenly a ton of your daily activities are tax-deductible. Let a corporation take on all your major liabilities (house, car etc) and pay you a salary that you use to buy things for yourself. There are a million ways to shelter income and gains, and if you lose money, capital losses are a writeoff that can be carried forward to whenever you need them.

The world is set up so wagies can live a comfortable, risk-free existence, which is what they want, and the rest of us get every shot we want to take at making big bucks.

And once you're big enough, then you run into inflation from the other side of the income spectrum, which forces you to invest your money into the next guy who wants to take a risk.

>> No.21110773

>>21110668
what a low iq way of looking at this

>> No.21110870

>>21110758
This, but most people are really pessimistic and think that's too good to be true, while most of the remaining people take dumbed down financial advice too literally and actually think saving $10 a month will make you rich if you put it in a mutual fund.

>> No.21111113

>>21110870

Yeah. I mean, pretty much anyone can step out of the wagie cage and try to get rich, and the system's set up to encourage this, but it means risk. And there's no risk in showing up for a 9-5 job that you hate, so most people just do that. And that's cool!

It is irritating to hear people who risk nothing and don't provide much unique value to anyone else complaining that risk takers and value providers are getting rich.

>I never won a championship, it's not fair!
That sucks man, what sport do you play
>oh I don't play sports

... wat

>> No.21111130

>>21110773
saying there isnt any value in crypto is retarded because there isnt any value in any other asset either its just way more illiquid because its younger

>> No.21111156

>>21110758
That sounds nice and all, but you’re ignoring the massive amount of propaganda and indoctrination that keeps people in mental prisons and refusing to make it. People get angry when you talk about finding a way out, and that is not a natural response. They’ve been brainwashed to be slaves, so no, the system is not set up to let you succeed. It’s like those tricks they use on livestock where they train them from a young age to think they can’t escape their pens. The barn door might be open, but if you’ve been mentally conditioned not to escape then the system is clearly not set up for you to do so.

>> No.21111201

>>21108491
>he didn't buy BTC <$100

>> No.21111507

>>21111113
Yeah exactly, I have way more respect for greedy retards who lose all their money on stupid investmenta than people who spend all day complaining about this without making an actual decisions.
>>21111130
Crypto is essentially just an idea, you can't even wipe your ass with it like you can with greenbacks. Stocks are also largely based on speculation and 'magic' but they still involve actual, tangible, useful assets in most cases.

I like crypto and I think it has potential to become a big fucking deal, but it would still be entirely based on what we declare it to be worth and have no inherent value.

>> No.21111567

>>21111156
I actually think that a general skepticism towards solutions to what we see as chronic problems is a sign of intelligence, but being so set in that pessimism that you never even dabble in possible solutions is a loser mindset.

>> No.21111665

>>21109705
Stop repeating government propaganda
Inflation is a way to steal wealth from working people and give it to the government

>> No.21111773

>>21111507
> I have way more respect for greedy retards who lose all their money on stupid investmenta than people who spend all day complaining about this without making an actual decisions.

Word. Gotta disagree with

>but it would still be entirely based on what we declare it to be worth and have no inherent value.

though -- that's literally the definition of value. Diamond is the crystallized form of one of the most common elements in the Universe. Gold was the most valuable thing in the world for most of human history, long before it was used in electronics manufacture. So what makes them so valuable? Cuz people value them. Nothing has intrinsic value beyond what people are willing to pay for them.

I mean, food is the most absolute intrinsically necessary thing that we can buy, but it's actually absurdly cheap. On the other hand, the most expensive things you can buy tend to be shiny rocks.

>>21111665
>basic principle of how money works
>government propaganda!

I'm going to assume you're not very well-off.

>> No.21111952

>>21111773
Obviously I'm not talking about gold, I'm talking about things like real estate, production facilities, and natural resources. Those are all actually useful. Did it not occur to you that companies have those?

>> No.21111974

>>21111507
lmfao actually thinking other asset classes have inherent value
crypto is no different from the traditional market other than being more illiquid
literally just market makers dumping on retailers, front running orders with low latency, and some high iq nerds stacking books
youre just trading abstractions and the price is entirely speculative as well

>> No.21112023

>>21111974
we know you don't understand the words you are typing, mate

>> No.21112064

>>21111773
Nobody forces rich people to lend out money with inflation, to counter inflation they can just buy pms, real estate or stonks
Credit is cheap because central banks pull fiat out their ass to lend to banks at 0%
Bonds dont even beat inflation right now, not even the ((((good 2%))))
What really happens with money printing is the government gets purchasing power while stealing from wagies that actually have a high share of their wealth in fiat, also the wagies get paid nominally in fiat so their real wages go down
This is good for cooperations and their owners
Rich people profit from inflation, the government does too
But yea, let the government explain you about how money works, they will for shure tell the truth :^)

>> No.21112146
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21112146

For many people, investing money in shit coins isn't the greatest idea to combat inflation, when they don't' have the time to pick out coins they like.
The majority of rich people or even much middle class want to beat inflation with capital preservation as a vital factor. Coins don't' always fit that bill that well when it gets bogged.

But it's true, saving $10 a month or even $500 isn't' gonna make u "rich", wage slaves to the system.

But to be honest, non of my friends even invest, they all just save money in their bank, lol bye capital!

>> No.21112212

>>21112146
>when they don't' have the time to pick out coins they like
God I hate the 'im so busy' meme, most americans spend hours a day zoning out in front of screens and most of the meaningful little actions we suggest people try to do take very little time at all and can even be fun.

>> No.21112285

That is why they pay ridiculous fees for "advisers" to help them. In no way defending. Just saying, its how it is.

>> No.21112301

>calls stocks a Hebrew casino
>odds are heavily weighted in your favor even if you are a retard
Funny how the people who say this are probably the same idiots who buy lottery tickets

>> No.21112316

>>21112064
>Nobody forces rich people to lend out money with inflation, to counter inflation they can just buy pms, real estate or stonks

Think about what you said. Assets like real estate and stocks are not held exclusively by the 1%. They're held by everyone who isn't dirt poor. A rise in the prices of those assets, caused say by billionaires wishing to avoid inflation, benefits everyone who owns them.

>Credit is cheap because central banks pull fiat out their ass to lend to banks at 0%

Yes, this is a good thing, if say you have a great idea for a business and want to get a loan to make it happen. Bank risk is almost zero right now and inflation increases money velocity.

>What really happens with money printing is the government gets purchasing power while stealing from wagies that actually have a high share of their wealth in fiat, also the wagies get paid nominally in fiat so their real wages go down

God Almighty. Rich people have a higher share of their wealth in assets BECAUSE of inflation. It turns out 2% inflation would cost Binyamin the Billionaire $20,000,000 out of his $1 billion -- a little bit worse than the $600 Wagie Ted loses out of his $30,000.

Leaving aside the fact that Wagie Ted likely wouldn't have a job if Binyamin wasn't trying to avoid inflation. And that we've had a deflationary environment before, it was called the Great Depression and the rich made out like fucking bandits, buying up assets for pennies on the dollar, while everyone else lined up for watery soup.

>> No.21112321

>>21112023
anyone whos worked at a clearing house knows this stuff works youre definitely a dumb phaggot

>> No.21112348
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21112348

>>21112321

>> No.21112353

Check out earnbet and you won't be disappointed

>> No.21112359

>>21108491
I bought 3000 link at .30c and each is now worth $10 and no I'm never selling

>> No.21112364

>>21112023
the value of hard assets are also completely speculative

>> No.21112423

>>21111952
>Obviously I'm not talking about gold, I'm talking about things like real estate, production facilities, and natural resources. Those are all actually useful. Did it not occur to you that companies have those?

And yet shiny rocks have held their position at the peak of valued assets for literally longer than history has existed, while food and water, the things that are so useful and necessary that you will literally die if you don't get them every single day, are among the cheapest things you can get.

And of course, real estate is only valuable in places people want to live, production facilities are only valuable as far as they're capable of producing things people want, and natural resources are only valuable as much as people want them.

>> No.21112472

>>21109705
No one rich has ever held fiat. In fact everything you have as a richfag is bought with loans, because you don’t break up your money maker stacks to buy shit. I currently have 2 millions in assets and only about 10k in fiat and it’s burning my pocket.
And no, not a single penny of mine goes towards taxes or economy. Haven’t paid taxes for at least a decade and never invested into a business.
The only ones getting fucked by the inflation are the lower classes.

>> No.21112591

>>21112316
>Assets like real estate and stocks are not held exclusively by the 1%. They're held by everyone who isn't dirt poor.
The eternal wagie has a bank savings account
>and inflation increases money velocity.
This is not a good thing
The eternal wagie blows everything he doesn't put in a bank savings account, that doesn't beat inflation, on stupid consumerist bullshit
That may be good for shit companys that produce unnecessary consumerist bullshit as well as the kikeish ((service industry)) but the world would be far better off without those
>Rich people have a higher share of their wealth in assets BECAUSE of inflation
Bullshit, nobody would want to hold large ammounts of fiat anyways when you can own land and means of production instead
Also the billionaires are not even able to cash out and stay billionaires, has nothing to do with inflation but with finding buyers

>> No.21112856

>>21112472
>No one rich has ever held fiat.

See: Great Depression. Monetary policy is designed so that never happens again.

>I currently have 2 millions in assets and only about 10k in fiat and it’s burning my pocket.

You are an example of the system working exactly as it's intended to. Now, since inflation's no big deal, please go all cash and stick $2 million in a savings account for the next 10 years.

What, you don't want to?


>>21112591

>The eternal wagie has a bank savings account

He also takes out 8-year financing on a brand new car. It's not money's fault that poor people don't understand how it works.

>The eternal wagie blows everything he doesn't put in a bank savings account, that doesn't beat inflation, on stupid consumerist bullshit

That's good. He probably only has a job because other wagies consoom as fast as they get paid.

>Bullshit, nobody would want to hold large ammounts of fiat anyways when you can own land and means of production instead

See: 1929-1938. People holding large amounts of fiat has already happened. The reason it doesn't happen any more is because INFLATION PUNISHES SAVING so PEOPLE WITH LOTS OF MONEY INVEST.

>Also the billionaires are not even able to cash out and stay billionaires, has nothing to do with inflation but with finding buyers

Only in periods of panic do assets have trouble finding buyers. If you had a billion dollars in stock and real estate, you could have it all sold by tomorrow, because there's lots of money circulating and looking for assets right now, which is why assets, like the stock market and PM and real estate, are all going up instead of down.

Cheap money means expensive assets, and that is because it's unprofitable for money to stay money. That's how inflation works.

>> No.21113150

>>21112856
>please go all cash and stick $2 million in a savings account for the next 10 years.
>
>What, you don't want to?
>
Of course not
Its fiat you cunt
Fiat has no inherent worth, with or without inflation
>People holding large amounts of fiat has already happened.
You said yourself they used it to buy cheap real estate + means of production
They didn't hold it
If the government would not have enforced their protection money in fiat nobody would have sold for it
>are all going up instead of down.
If a billionaire sells half a company he owns line go down
>and that is because it's unprofitable for money to stay money.
Thats how money works, with or without Inflation

>> No.21113178

>>21110355
No one is interested in your financial concern, this anon just tried to explain to you that your digital token have no inherent value apart from speculation. If you don't get that your plane retarded.

>> No.21113293

>>21110758
True in some aspects but you let some important things out. If you already have a decent job and maybe also have some obligations like family than the height of your possible fall is already too high, the risk is too big, I give you right that not much would bad things would happen if you follow a business idea and go bankrupt, but as soon as you have already something, you'll always go for secure.

>> No.21113302

>>21113150
>Fiat has no inherent worth, with or without inflation
>Thats how money works, with or without Inflation

No, you dumb fucking retard, it is the purpose of inflation and why we have a purposefully inflationary monetary environment. It didn't always work like this.

ONCE AGAIN, we had a deflationary environment before. It was called the Great Depression. Money velocity dropped to nearly zero as everyone hoarded cash. This increased the demand for what money was still circulating, which increased money's value. So guess what? You could get solid returns just by holding cash in your savings account. So more and more people withdrew their money from circulation, which drove the demand for money up further, making it more valuable, until nobody could actually buy or pay for anything and we had absolute economic devastation, 30% unemployment, bread lines and literal tent cities of tens of thousands of people.

Every central banker has actually spent some time in a classroom and knows that this happened. That's why every central bank inflates their currency. It's why everyone who's worth a few bucks, myself included, has the overwhelming majority of their wealth in assets rather than cash.

>> No.21113487

>>21113293
>maybe also have some obligations like family than the height of your possible fall is already too high, the risk is too big

But risk is a matter of individual judgement and knowledge. As a thought experiment, you accidentally find some secret government document that shows you the feds are going to buy some company for a hundred times what it's worth next week, a literal sure thing. You can't tell anyone for obvious legal reasons, but you re-mortgage the house and max out every card and line of credit to buy as much stock as you can. The guy at the bank thinks you're fucking insane to take a risk like that, but you're actually guaranteeing that nobody in your family will ever have to work again.

And, of course, on the opposite side, everyone's heard the story of some guy gambling away his kids' college fund at the racetrack.

>but as soon as you have already something, you'll always go for secure.

Absolutely -- you have to take risks to make money, but once you've made enough, then the name of the game changes to preservation

>> No.21113605
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21113605

Nothing wrong with ETFs etc. I’m a big believer in pic related. All part of a healthy, balanced portfolio.

>> No.21113639

>>21108491
A lot of people bought Link under $0.25 here. That's a 4000%+ gain.

>> No.21114232

>>21113487
>>21113302
>>21112856
>>21110758
You seem like you know what you are talking about. What advice would you give to an early 20's still in college from a poor family (so i have no guidance or knowledge beyond what I've read here)? I have around 8k, no debt. Roth IRA? Want to start a business at some point, but am working towards my MFE for now.

>> No.21114494

>>21108434
Making 1 dollar into 10000 dollars to wagecucks is a big deal in a span of 2 years, but actual people that make money put that away in a month or two into their business or investments.

>> No.21114580
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21114580

>>21113639
>4000% in 3 years
>boomer stocks made that in 3 months
>linkies still think they are genius investors

>> No.21114598

>>21112856
It doesn’t work as intended. Cash never made you more money. Savings accounts always were shit, it’s common sense to keep money in assets threat make you more money.
In Great Depression everyone who got burned was in stocks and securities
You are a brainlet and have no idea what you are talking about. I guess you are proud you took that Econ 101, but anyone with masters degree knows it’s bullshit

>> No.21114920

>>21114580
>boomer stocks made that in 3 months
Only if you sold and shorted before the corona freakout and then correctly called the bottom and bought back in. That would have taken a lot of skill and foresight vs. just being a dumb Linkmarine.

>> No.21114986

>>21114232
>What advice would you give to an early 20's still in college from a poor family (so i have no guidance or knowledge beyond what I've read here)

First, read The Millionaire Fastlane, maybe Rich Dad Poor Dad for the safe Boomer route. But read those books. They are cheap, or you can get them for free on libgen or torrent sites. Second, the greatest leverage is time, starting in your early 20s is awesome because even Boomer mutual funds will net you a great return. You actually have a massive advantage -- most people around that are are actually getting massively into debt and don't even start to try to build wealth until they're in their 30s, and an entire decade of even 5% growth works out to a whole fuckton of money later in life.

>>21114598
>In Great Depression everyone who got burned was in stocks and securities
>he thinks the crash of `29 was the Great Depression

Want to know how I know you don't have a degree in econ or finance OR history?

>> No.21115488

>>21114920
Wrong. All you had to do was have cash since shit started getting serious in january, then buy anything after the huge crash. There was no thinking, research, breadcrumbs, or anything else to follow, other than realizing that the entire market tanked at the same time and companies who weren't directly affected by the virus like airlines would simply go back to where they were before the corona panic.

Overstock went up 4000% in 3 months while linkies had to have bought at ICO prices and held with iron hands through massive dumps for 3 fucking years, including the own team dumping their massive stashes at regular intervals, to have seen the same returns. You did not have to time entry/exit perfectly to realize the corona crash was a black swan event and then look at the uptrend day aftert day, week after week, for several months to confirm a recovery.

>> No.21115622

>>21115488
>There was no thinking, research, breadcrumbs, or anything else to follow, other than realizing that the entire market tanked at the same time and companies who weren't directly affected by the virus like airlines would simply go back to where they were before the corona panic.

This, I made an easy 20% on the dip doing nothing more than swapping my Boomer index funds into money market funds, and then back after the bottom, and just buying slightly more tech-heavy index funds when I did.

>> No.21115703

>>21110476
>>don't buy individual companies unless you've really researched it!
you should just play innie minnie miny moe to decide what companies to invest in?

>> No.21115736

>>21110169
>>21110245
LOL COPE MORE FAGGOT!

>> No.21115762
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21115762

>>21111665
>top repeating government propaganda
>Inflation is a way to steal wealth from working people and give it to the government
this. Its literally all inflation is when you remove the jewish hocus pocus

>> No.21116067

>>21111156
that and you'll find out when you want to become a predator, the world suddenly seems full of them. plenty of markets have razor thin margins and cut throat business people. it's easier to just admit you're a full time victim/wage slave than to get eaten by someone better than you. work for a tiny company, i report to the CEO and i wouldn't take his company if he gave it to me tomorrow. I just cash his checks

>> No.21116686

>>21116067

And that's a totally legitimate way to live life, but it does mean you'll always be working for a CEO. You won't be buying any private jets, but he's probably spent nights unable to sleep, trying to figure out how to keep the doors open.

>>21115762

Poor person's mindset bro

>> No.21116821

>>21112321
you manage to misunderstand the terms market maker and front running in two sentences so

>> No.21117099

>>21116686
inflation only benefits asset owners not working class

>> No.21117138

>>21117099
It also benefits people who are highly leveraged, which is most working class people if they've followed the script and put their entire net worth into a home.

>> No.21117241

>>21117099
>inflation only benefits asset owners not working class

Inflation forces rich people to be investors and asset owners, rather than having a Scrooge McDuck vault full of money, which benefits everyone. And as
>>21117138

says, it encourages leverage, which is how new businesses and fortunes are made.

>> No.21117263

>>21109358
True, turned like $200 into $3k in the '17 bullrun but lost most of that by hodling and not selling

>> No.21117300

>>21110758
You wrote what I always thought, thanks anon. I hope more people understand.

>> No.21117304

>>21108434
This. That's why I'm buying DMG instead of LINK

>> No.21117437

>>21114986
thanks man