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/biz/ - Business & Finance

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21976802 No.21976802 [Reply] [Original]

Is history doomed to repeat itself?

>> No.21976871

>>21976802
yeah for XRP

>> No.21976964

>>21976802

He knew though and by now he's made it. Hasn't he?

Is it even possible not to make it if you knew about crypto in 2017?

>> No.21977252

>>21976871
yeah buy xrp
link is total garbage don't get any
sell everything and get xrp instead

>> No.21977470

>>21976964
anyone who had 20k to play around with did hes probably in six figure hell tho lol

>> No.21978097
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21978097

>>21977470

Oh no. Really feel bad for him. Six figure hell. Sounds awful.

>> No.21978615

>>21976964
>Is it even possible not to make it if you knew about crypto in 2017?
Most people from crypto 2017 didn't make it, anyone that did make it would have had to do one of the following:
a) put $80k+ in some of the bigger coins, too risky for most people, even if they follow crypto closely
b) put $20-40k into chainlink, too risky for most people even when they know about crypto
c) consistently sold some decent tops and rebought lower, which most people can't do very well
d) bought a ton of some low cap coin that shot up, which is somewhat rare
>>21978097
6 figure hell is real. Not enough to make it, so you wait and sit through volatility as your portfolio moves tens of thousands of dollars up and down, months of wagecuck work fluctuating constantly. It could all come tumbling down at any time but you won't sell because the only reason you want to sell is to stop wagecucking, and you can't do that until you escape 6 figure hell.

>> No.21978687

>>21978615

Thanks anon. I get it now. I was apoplectic with rage when Aave pumped immediately after I sold and that was only 2K for me.

>> No.21979472

>>21978615
Or you just launch your own crypto

>> No.21979488

>>21976802

Yes. But this time it will be "Why the fuck didn't I sell these erc20 tokens for actual fiat before the bubble collapsed"
"Now I look around and BTC is under 3000$, tether is dead.. eth is back under 90$"

>> No.21979517

>>21977252
it's not about link being garbage it's about how buying link right now isn't the best route for profit

>> No.21979739

>>21976871
no but for ARPA yes

>> No.21979810

>>21978097
>six figure hell
it's reality, every make it stack LINK holder is there right now. That's why sentiment is so volatile right now.

>> No.21979952

>>21978615
I was here and made a decent 25x my money, but I somewhat got lucky.
You see the graphs now and think yeah just buy here and sell here for an easy 20x, repeat a few times and you're a billionaire, but the markets were crazy as fuck.

You sold too early and you only did 2x, sold too late and you're back to where you were.
See a coin pump 6 days non stop, finally buy, and it dumps 40% during the night, you just lost nearly half your money.
There were hardcore pump and dumps, projects who looked legit as fuck and dumped to 0 because of exit scams etc.
Bitcoins was already in a bubble at 8k, people were shorting it like crazy and every day you'd see liquidations until the top to 19k.
People cashed out too early, some never did and lost 90% of their gains.

Most people I know irl actually lost money. For every new millionaire there you have 20 /biz/ anons or normies who actually lost money.
You only see the smug people with survival bias thinking they're so smart, but everyone else fucked off or did posts like op.

>> No.21980111

>>21978615
>6 figure hell is real
Not if you live in Eastern European shithole lmao, the moment I hit 6 figures I retire for life.

>> No.21980133

>>21976871
Based

>> No.21980206

>>21978615
>6 figure hell
Yep it fucking sucks

>> No.21981008
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21981008

>>21976802
Lol there's a post up right now like this >>21980711

>> No.21981054

>>21976802
see you at $7

>> No.21981088

>>21976802
Everybody gets bogged once in while. I just got bogged on XRT just now.

>> No.21981143

>>21978615
So much this
Started with 5k late 2016
Peak was 1.1 mil early 2018
Managed to cash out 400k acually, rest got rebased and eaten by bears, low was 40k im back at 400k now
Its insane how your mind thinks "im at 1 mil and i do 5x every week no way i cahs out now"
Moral:
>take proffits on huge green didlos of your life
>stay in game dont cash out all

>> No.21981255
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21981255

>>21979952
>people were shorting it like crazy and every day you'd see liquidations until the top to 19k.
These were terrible times. I saw it all. Things have changed since then...

>> No.21981389

>>21976802
it repeated itself already but on a smaller scale when we broke 4.9 and a lot of anons sold and refused to buy back in

>> No.21981666

>>21981389
>tfw sold at $12

>> No.21982277

>>21976964
>not made it if you knew crypto in 2017

Yes, Theres tons of us still here after botching it or just not having enough money

>> No.21982348

>>21981143

>>take proffits on huge green didlos of your life
>>stay in game dont cash out all
unironically good advice i really hope i remember this when the time comes and i need it the most

>> No.21982456
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21982456

>>21978615
How? Put those six figures into staking a live off the rewards. Is it that difficult?