[ 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: 1.60 MB, 480x480, pink-wojak-crying-burning.gif [View same] [iqdb] [saucenao] [google]
28567775 No.28567775 [Reply] [Original]

everythings gone bros. lost $6k/3eth and only have 1 left. this was my net worth. the best part is that everyone here is making money and i get to watch it. if anybody has advice on how to build back up with what I have left please let me know.

>> No.28567803

how

>> No.28567880

>>28567775
If you're losing that much, you must be doing something fundamentally wrong. Tell us your strategy when it comes to trading, which coins you've put money into, etc. and maybe we can help you.

>> No.28567914

>>28567803
bro please dont ask me how like people arent losing money always. its literally how the market works. Ive gotten unlucky on both trades ive done and been red for about 20 days :(

>> No.28567964

>>28567914
then stop trading, just hold

>> No.28568036

>>28567880
Daiq was the first one, spent 2 weeks in red. Then I found this project called sakeswap and it all looked undervalued. 8m mc, cross chain to polka coming, stocks coming to platform, tvl 5x higher than mc. I just thought it was the most obvious gem nobody is noticing. It dumped too. still holding sake.

>> No.28568097

>>28567775
wait what? what happened? I was chuckling this morning seeing everyone losing their shit over things going down, but then everything recovered. Was it just that? ETH is doing fine lol

>> No.28568236

>>28568097
not anything to do with eth just eth trading. i really fucked up man ive been considering necking. in the time ive been red eth has almost gained $1k. I would have made more money just holding eth.

>> No.28568445

>>28567775
stop being a degen and hold solid projects that will payout in 5-10 years

>> No.28568463

theres a thing it's called stop loss. Only buy coins on exchanges. Don't do uniswap with your amount of money the gas fees are too high and you can't set stop loss and you will hodl until zero

>> No.28568505

>>28568036
So you're just going all-in into microcaps? You're pretty much just gambling at that point, you know. You need to diversify and keep a good percentage of your holdings in solid, well established projects, and use a smaller percentage to try your luck on high risk high return coins.

>> No.28568587

>>28568505
i just wanted to get to 10k is all, but then i had to try and make it back. now im fucked man i cant even diversify because of gas fees. im gonna fucking kms

>> No.28568626

>>28567775
you weren't cut out for this and even a retard can make money this way, that says something anon...

>> No.28568712
File: 84 KB, 351x520, beauty.jpg [View same] [iqdb] [saucenao] [google]
28568712

>>28568626
dont fucking neck yourself over this though I swear anon you are better than that.

>> No.28568771

>>28568236
Everybody needs to have their first big loss trading, it's a right of passage. Start over, recalibrate, think about what you did wrong and how you can do better next time. Your problem is also that you have a small amount of money to trade with and when you have a small amount of money, you need to take bigger risks to get returns that actually matter. Focus on growing your income so you can take on less leverage. At the end of the day, its just tendies. Go on a run or something

>> No.28568927

>>28568587
Just trade on binance.
Dont think about numbers think about good strategies.
You can use leverage trading on low risk coins, that have a high chance of going up, try to make 20% here and there, instead of hoping for casino style bets with huge payoff.

>> No.28568981

>>28568587
>i just wanted to get to 10k is all
Sounds like you were trying to rush things to get there by gambling. Could've worked out, obviously, but it's a very bad habit and a good way to lose it all even if you win your first ones. Sure, you see people make tons on these gambles and they all post their portfolios and brag about it, but what you don't see is the people who are getting screwed over.

Due to fees, I'd suggest just moving the money over to Binance or something like that and trade there instead of DEXes.

>> No.28569147

>>28568981
the issue is that i cant kyc and binance might lock funds.
>>28568771
I knew it was a risk but i just didnt think I could get so unlucky. this is definitely my first time getting absolutely fucked.

>> No.28569264

Anon, my portfolio went from 3k to 100k and all the way down to 0.5k over the last cycle. The most important thing I learned is that holding is always better than trading. You’re in a bull market and not at the top yet, you literally just have to hold. Then when it’s turning into bear market, sell and wait for the bottom of the cycle. Don’t chase shitcoins and if you do, make sure you research the shot out of them. Don’t be the first guy in, because chances are you’ll choose a terrible coin. Be early but not super early, but only put a minority of your investment into shitcoins, most should be in BTC/ETH and other well established alts

>> No.28569318

>>28569147
i have over 1 btc there and they never asked me to KYC

>> No.28569411

>>28569147
Are there no other CEXes you could use? Kraken maybe?

>> No.28569485

>>28569411
somewhere that wouldnt require kyc but ive heard horror stories of binance locking funds and such. I would probably have to use a vpn or something.

>> No.28569622

>>28567775
Do the opposite of whatever you're doing

>> No.28569712

>>28569622
dubs cant lie anon
please bless me with your luck so i can get my 4eth back. id be the happiest man in the world.

>> No.28569970

>>28567880
he invested in Rubic, doge, mcdc, shibe...... need we say more

>> No.28570056

>>28569970
I havent been in any of those.

>> No.28570435

>>28569485
Not sure what the best course of action really is at that point, to be honest. Maybe just go the VPN route. Are there really no exchanges you could use? I'm assuming you're a burger, but don't you guys have some regulated ones? Coinbase?

>> No.28570547

>>28569712
You won’t do this but seriously just hodl something you believe in. I made a mil in 3 years doing this. Trading will always lose you money in the end

>> No.28570748

why the fuck would you trade literally do nothing and you make like 10x this year ahhahahahahhaha

>> No.28570859

Holy fick. Theres legit projects out there where you can actually grow your stack. H past two months had GRT and BNT for example. Avoid all that other shit. Learn how to see the organic threads for coins and not the McDonald coin type shit

>> No.28570927

Ok I gotchu, invest in Asko

>> No.28571122

>>28568236
Don't neck anon you can still make it

>> No.28572353

>>28571122
can i really? i feel like i dont have enough now to get back where i was or even close to $10k :/

>> No.28572514

>>28567775
I'm having a great night I just learned I was airdropped 614 1inch tokens. Kek I've been out of crypto for a few months

>> No.28572604

>>28572514
congrats anon.

>> No.28572676
File: 244 KB, 220x124, tenor.gif [View same] [iqdb] [saucenao] [google]
28572676

>>28567775
HOGE is your last chance. Get on the rocket before it takes off.

>> No.28572820

>>28570547
How much did you start with?

>> No.28572825

>>28569147
get a fucking nordvpn for $50 for a year. sink some btc into it, they take non kyc crypto payments. use a canadian IP and trade all you want. use a fake name and an anon email like elude.in, secmail or protonmail. gl anon