/biz/ is a cult

[Anonymous No.26335037]

You convinced me that crypto was the “next big thing”, the “next industrial revolution” and the “evolution of currency”. You convinced me that this was an opportunity I couldn’t miss out on, that I had to buy in before it booms.

So I invested almost 30% of my net worth, and now it’s all crumbling away right before my eyes. I can literally watch my money burn away in real time. All because I listened to /biz/ and bought into your shill propaganda.

[Anonymous No.26335074]

it isnt over til you sell

[Anonymous No.26335250]

Jawohl, that's how pyramid schemes work.

[Anonymous No.26335490]

>>26335037
I know the feeling man, thankfully I only threw about 700 bucks in. i'm convinced that a lot of the portfolios here are heavily edited, usually to promote some shitcoin or another by association with a lucrative folio. recommend accepting the loss as best as you can, leaving a little in and cashing the rest

[Anonymous No.26335614]

>>26335037
next time, buy low and sell high.

[Anonymous No.26335731]

>>26335037
Investing isn’t instant lmao

[Anonymous No.26335771]

>>26335037
If you invested in solid coins you have nothing to worry about. If you went balls deep in food tokens, I don’t know what ti tell you

[Anonymous No.26335821]

>>26335037
congratulations, you've figured out the charade
albeit at a hefty price

[Anonymous No.26335916]

Awww, look it's babby's first market crash!

It will recover.

[Anonymous No.26335920]

>>26335037
Soooo, you've been here for a couple days.....
newfag

[Anonymous No.26335961]

>>26335037
It was the next big thing. You're so late to the party it's not even fucking funny if you're buying now.

[Anonymous No.26336096]

>>26335961
“The next big thing” doesn’t last for 3 fucking years. That’s called a fad.

>>26335771
BTC, ETH, LINK, XLM and GRT

[Anonymous No.26336190]

>>26335037
it is the next big thing if you are shorting it like me KEK

[Anonymous No.26336198]

>>26336096
People have been talking about and making money from BTC for a decade now

[Anonymous No.26336273]

>>26335037
Don't ever fucking buy anything at a high
Lesson learned retard

[Anonymous No.26336336]

Same as 2017, if you hold now for 3 years you will double your money.

[Anonymous No.26336535]

>>26336198
People have been talking about and making money from stocks for like a hundred years now. It's all about identifying patterns and milking them for all their fucking worth. The chance to see bitcoin as an investment in its infancy and invest large enough amounts of money and hold it long enough to see adoption and recieve a life changing sum is, while commendable, very lucky as you were in the right place at the right time with the right mindset. Venture capital firms throw billions of dollars at new startups just for the chance to get in on the ground floor of those in a million businesses with growth like bitcoin.

[Anonymous No.26336624]

The entirety of my savings (£50k) is all in on Crypto. Am I being a retard? I'm only 19, therefore this risk tolerance seems sensible, I'm not entirely sure desu

[Anonymous No.26336636]

>>26335490
>>26335037
that's what you get for buying high. If you care about a dump like this you will never make it. Leave your wallet alone and come back in a couple of years to insane wealth. Or not, depends what you bought

[Anonymous No.26336680]

>>26336535
This but unironically. People are actual retards and think "NUMBER GO DOWN" in the short term is a loss.

[Anonymous No.26336715]

>>26336535
So is there any chance that any other coin (that isn’t ETH) could see the explosion that BTC did? People who held 200 BTC for 10 years are now millionaires. Is there any chance of that with other coins?

[Anonymous No.26336732]

>>26336624
>19
>50k sterling

Do you want a lambo by the time you're 25 or what?

[Anonymous No.26336791]

>>26336636
Mostly GRT and LINK, some BTC and ETH. Also XLM.

[Anonymous No.26336874]

>>26336715
Depends. There certainly are other coins that will be big, maybe not as big though. I think the industry is almost too synonymous with bitcoin still, ETH doesn't even have the cultural pull bitcoin does. If any single other coin caught mainstream adoption bitcoin has then I might be more bullish on the rest of the industry.

[Anonymous No.26336957]

>>26336624
This is not good. That is a fat stack to have at 19, and you are throwing it all in a high volatility market.

Why don't you put a portion of it into crypto, see how it goes, and then reinvest your profits - or minimize your losses?

[Anonymous No.26337099]

If you had done that a few months ago you'd be singing a different song

[Anonymous No.26337137]

Weak bait.

[Anonymous No.26337185]

>>26336096
>BTC, ETH, LINK, XLM and GRT
Yeah you’ll be fine bro. Look at crypto’s history, dips like this are normal and healthy

[Anonymous No.26337554]

>>26337185
This dip is going to be here for 2-3 years isn't it anon?

[Anonymous No.26337556]

>>26337185
Which alt should I focus on for the most long-term gain? I don’t plan on day-trading I just want to hodl

[Anonymous No.26337574]

>>26335037
lol

[Anonymous No.26337617]

>>26337556
Grt

[Anonymous No.26337633]

Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahhhhh Mommy the market dipped

[Anonymous No.26337665]

Thanks for playing Norm. Let me take those heavy bags off of you now.

[Anonymous No.26338046]

>>26337556
Unironically Doge. It has held steady for half a decade besides occasional surges. Buy it at .002, put 75% in a staggered sell order for .004,..006, .008. .01 and .015 at 20/30/30/20 percent and then buy more when it goes back to .002.

Repeat for the rest of your life and you will 4-5x every year.

[Anonymous No.26338057]

>>26335037
well, if you're holding crypto, then do something with it. you can
>gamble on sports
>trade leveraged derivatives
>invest
>bank with high interest
>stake
>buy and sell drugs
and so much more. or you can just
>be a whiny bitch
your choice anon

[Anonymous No.26338089]

>>26335037
welcome to the team bud, feel free to silently browse the board for a few years before coming back

[Anonymous No.26338149]

My last buy order was 2.5 years ago. I’m up 1700%. This isn’t rocket science.

[Anonymous No.26338153]

>>26336791
you only spent $700 and you diversified that much? what?

[Anonymous No.26338284]

>>26335037

[Anonymous No.26338310]

>>26338153
I’m not the anon who spent 700

[Anonymous No.26338340]

>>26335037
You suck and have no imagination, go find your soul and try again.

[Anonymous No.26338479]

>>26335037
It’s called pump and dump. Hype from those already in. The consequence is the public doesn’t see crypto as a currency any longer given Jamal can create a new one tonight, and that no seller wants to receive crypto cause they can lose half of it in an instant. The greed turned it into a high risk speculation scheme, hoping more investors keep doing what you did.

[Anonymous No.26339448]

>>26335037
>buying at the all time high

[Anonymous No.26339487]

>>26339448
/thread

[Anonymous No.26339702]

not a cult, a pyramid scheme

[Anonymous No.26339732]

>>26336096
You had 12 years

[Anonymous No.26340293]

>>26335490
Morons like you and OP are the types people who spent most of their times in dread and self-pity, then read or hear about something you don't understand and FOMO in hoping to get rich quick. I know people IRL who are like this. One guy I know just quit his job to do crypto full time... at ATH.

Crypto is something you do long term. You do your research, buy in, hold long enough, tolerate the dips and sell early enough to take a profit. You will never time the market right. You cannot play this game without having regrets. /biz/ is full with people who buy Uniswap garbage and then rage when it dumps.

Jesus ... /biz/ should do a wealth check before people are allowed to post. You could have bought BTC at $1, $10, $100, $200, $600, $1'200, $8'000, $15'000, $25'000...

[Anonymous No.26340410]

>>26340293
I'm also a newfag with FOMO but I'm not just going to dump my life savings in at ATH like an idiot. I will probably wait until BTC and ETH bottom out and buy in the HODL for a few years until the next bull, and maybe throw a little bit into shitcoins just for fun. Please tell me if this is also stupid.