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/biz/ - Business & Finance


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29790648 No.29790648 [Reply] [Original]

6 figure hell is the worst
All you need is something like a 4x, or two 2x's, and you're guaranteed to be a millionaire this bull run
But you always just sit on your bags, because you're too pussy to be an ape, telling yourself "half a million is enough to make it, no need to be greedy, why risk losing it all"
All the time you think about how you would already be a millionaire if you chose different bags
Wake me up inside

>> No.29790724

>>29790648
be grateful for what you have, i have a month to make it or i am dead

>> No.29790928

>>29790724
Why's that anon?
Yeah, I'm grateful, it's just that halvings are only every four years so I don't want to miss this opportunity to make it bigly

>> No.29790974

>>29790724
Don't rope fren

>> No.29791448

>>29790648
When you're going through hell keep going sir

>> No.29791541

>>29791448
But it never ends

>> No.29791715

>>29790648
well we all started somewhere anon. Don't forget your roots. And if you're like me, who is still a neet sitting at high end of 4 figures and hasn't even gotten started investing. I was considering the ledger nano x it seems really good and safe and secure way to guard money.

>> No.29792022

>>29790648
I was here in 2017 and now I'm here again. We'll get there brother.

>> No.29792154

>>29791715
Get a trezor imo

>>29792022
God willing fren

>> No.29792367

>>29792154
benefits on it? just wondering even though I could look it up but just wanting to hear some input if you will

>> No.29792557

>>29792367
Trezor is open source and haven't had enormous data leaks. Their customer service is far better than Ledger's. I have a Trezor and it's really sweet and I feel like I can trust the company.

>> No.29792890

>>29792557
jesus ok will give it a look. thanks

>> No.29793172

>>29791541
Circle of life innit

>> No.29793312

>>29790648
>>29790928
dont be retarded and greedy or you'll end up in 5 figures hell. Cash out and invest in something more safe and you'll make it in a couple years. Then live off dividends. Why risk it?

>> No.29793483

>>29793312
I shudder at the thought of 5 figures

>> No.29793833

>>29793483

5 figures was WAYYYYY easier.

Mid six figure hell is absolutely torturous. It’s all you can think about, no matter how hard you try to not.

You still need a 2/3x to actually make it but what you have would change your life - but not set you free, and you would finally reveal yourself as a genius to those around you who doubted you vs becoming a legend if you amass 7 figures and getting to live like a Duke or Baron if not a king.

All the while you could get absolutely DESTROYED at any moment. I lost 100k this week. I’ve never had 100k in my life and I held while it evaporated.

>> No.29794030

>>29793833
Are you only in shitcoins ?

>> No.29794240

>>29793833
cash out retard, its only gonna get worse. Why do you fags value your money so little, 100k is no fucking joke and you just lost it while staring at your folio. Take your 6 figures and do something smart with it. You'll get to 7 figures eventually, whats the fucking rush you are young

>> No.29794331

>>29794240
>its only gonna get worse
shit, anon... where we going to? 42k?

>> No.29794574

>>29794240
Hindsight is 20/20, just yesterday it felt like a recovery and now it's underwater

>> No.29794737

>>29794331
probably back to the 30s. I certainly wouldnt be holding 6 figures in shitcoins, these people got a gambling problem. He made it this far and he wants more. Take your goddamn profits op. Its far worse to lose that money than missing out on 7 figures when there are plenty of options to get there besides crypto. Fuck the 100k he just lost like a fool would absolutely change my life and he pissed them like its nothing. Maybe moving to a poorer country like mine would change his perspective

>> No.29794885

>>29794574
yea keep holding all the way to 5 figures dude, god what a waste

>> No.29794946
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29794946

>>29794030

>Are you only in shitcoins ?

>> No.29794955

>>29794737
Naw. I just held -120k on mostly ETH, but I've held -60k (march 2020) and -70k (the dip to $950 in Jan) before.

Being poor makes you want to cash it and run when there are more gains to be had. Poor isn't the mindset you want to do the best in a bull market. Just lookl; you're emotional over 100k

>> No.29795029

>>29790648
this is me. i cant risk my 750k on some yolo which could make me a multimillionaire overnight. i worked 13 years to save to get to 750k and cant just blow it like that. i actually already lost 200k 6 years ago and had only 150k left so have experienced what it means to get burned

>> No.29795039

>>29794737
>Maybe moving to a poorer country like mine would change his perspective
maybe he is now doing well with money precisely because their perspective is not risk averse and they don't give a shit about you and your country. if you didn't at least 5X last year ngmi, everyone on this board should be in six figure hell by now. shameful that you aren't, a 4 figure yearly savings rate would've allowed that.

>> No.29795092

>>29794955
the fuck do you know if there are more gains, eth at 2k was already insane.. you are gambling.
>emotional over 100k
fuck yea i am, you know what that money is where i live? you burgers dont value what you have

>> No.29795231

>>29795039
you got to 6 figures by buying during the bear, if you dont cash it out at some point others will and you're back where you started. You know how this works. If you dont take profits you will get rekt

>> No.29795352

>>29795092

You would have cashed out at $10k gains, you would never be where I am now.

That’s not being cruel it’s just the reality of it. My stack could devalue by half and I’d still have almost double what you’re crying about.

>> No.29795409

>>29795029
Damn, yeah I imagine it gets intense as fuck after $400k or so. You can jump to 7 figures overnight from a 2x. It's all greed though, pure greed. Nothing else.

>> No.29795547

>>29795352
the problem is you think this shit will just keep pumping forever. So you bought so low that a -50% doesnt hurt you, good for you. Doesnt mean it will keep pumping after that. Nobody has a clue what will happen. You fucking made it congrats, but unless you sell high and turn it into reality you're just increasing the risk to retarded levels. Why didnt you sell your link stack at 35? cause you dont give a shit if it dumps, cause you think it will go to 50 or 100 later. It could very well not be the case and you will just keep bleeding. You will feel like a retard if all crashes and your gains evaporate

>> No.29795561

>>29795409

It’s definitely headfucky because as much as you want to chip even say a quarter off or something you start doing the math on what that will “cost” you on an upswing.

>> No.29795578

>>29795092
and you covet what you don't have instead of getting it. Not a country on earth is it impossible to put $100/month into crypto. and that all you needed to do. but you didnt, you bought clothes, maybe paid medical bills or gave money to friends and family or bought that bike. You should've just saved that 1000USD/year, which is even possible on median wage in zimbabwe 3rd poorest country in world. So just stop searching for pity and fix your situation if you are so unhappy with it. Fuck, your mobile bill wouldnt made you 6 figures if invested in eth or btc last 6 years

>> No.29795762
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29795762

>>29795547

I’d feel like a bigger retard if it went to $350 and I coulda been a multimillionaire if I wasn’t an overly emotional trader.

I held the dip from $20 to $7 too, try and wrap your head around that.

I’d rather lose it all than lose my chance at true freedom. Maybe you can’t understand that.

>> No.29795784

>>29794955

It’s not called being “emotional” dumb fucking faggot, it’s called risk management

Hopefully you kill yourself when BTC corrects to 30k

>> No.29795939
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29795939

>>29795784

What is stimmybuxx for $1400 Pajeta

>> No.29796189

>>29795578
>>29795762
you already made it retards thats what you cant understand, you'd already be 7 figures if you put in more, but you didnt. So now you want this shit to go to 350 because you didnt put enough. You think a 100x or 200x is not enough for you, its insanity. Be grateful for what you have and feel pride in what you accomplised, by taking the damn money. Or dont and cry later when it was all for nothing, your call

>> No.29796863

>>29796189
>100x or 200x is not enough for you, its insanity
So apple's valuation is also insanity? or do you think it can still go up? There are way crazier things in stocks than these coins. The coins are just easier to research.
Why would I ever "buy the dollar" by selling my assets unless I had another, better, asset to buy? Right now crypto is the thing to buy and even an 80% correction won't put me in the red....so fuck it. I'll sell in 5 years.

>> No.29797025

>>29796189

I put in 4 figures and already cashed out my initial. Believe me in the first world a couple hundred K isn’t “making” it.

>> No.29797055
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29797055

>hit 100k in December
>just dipped under 100k
Why do bad things happen to good people?

>> No.29797184

>>29797055

Steel yourself buddy it only gets harder. I already knew it would but it’s just insane.

>> No.29797306

>>29796863
this isnt apple this is fucking crypto, its one giant pump and dump even your beloved LINK.
>>29797025
im not saying 6 figures is making it, but turning 4 into 6 figures is no small accomplishment, and you greedy fucks are not satisfied cause you wanna emulate those early btc and eth buyers. Chances are you're gonna get rekt, when you could pull those 6 figures and invest in something that wont dump like crypto always does. There is no guarantee that link will be top 10 or 100 in the next 5 years, or that crypto will be worth this much ever again. Again, you're gambling, you won but you dont feel like you won enough. Greed will be your undoing.
>>29797055
cause you dont value your fucking gains

>> No.29797320

>>29790648
at least you aint a poorfag like me who is stuck on 3 figures hell with my whole poorfolio.

>> No.29797550

>>29797320
Must be comfy when the only way is up

>> No.29797561

>>29797306

The only thing worth investing in right now is land in 95%+ white areas of this earth.

Cashing out to dollars right now with nowhere else to put it it even worse - putting it into a bank - is about the dumbest idea possible.

Do you not get news where you live? It’s the apocalypse dude.

>> No.29797673

I want off this ride

>> No.29797684

>>29794946
kek I feel you. its torture for us linklets.

>> No.29797755

>>29797684

I put in every penny I could spare without actually borrowing debt. I know I couldn’t haven’t gotten but yeah does it suck being an early linklet.

>> No.29797858
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29797858

>>29790648

Youre not in hell, youre in purgatory. im in hell with 5 figures.

>> No.29797907 [DELETED] 

wow, who told you about these alts? This is shit dude, don’t believe those assholes
if you wanna get pump use your IQ and follow yield farming
I took part in metalex and they made a new model, a guarantee of 300% APY

>> No.29798031

>>29797561
then go ahead and buy land, thats what i'd do in your place. Think of it like this, you got it for practically free, are you gonna risk this chance for more gains that may or may not come? do you really believe in crypto so much? do you honestly think LINK is hitting 3 figures? people are in for the money they dont give a fuck about the tech everyone admits it, that means the moment they feel profit time is over they will dump and dump and there goes your gains

>> No.29798285

>>29797907

How do people not yet realize these yield farms are complete bullshit and doomed to fail? Just buy ADA/BTC, wait 10 years, and realize you fucking made it.

>> No.29798310

>>29790648
Put %20 of your folio on risky but promising coins

>> No.29798436

>>29794240
>whats the fucking rush you are young
Retard, the rush is that the vast majority of /biz/ want to get out of this shitty rat race known as wage slavery and just relax. Working 40 hours minimum per week until you're 70 years old is no way to live. Taking out 100k earnings can shave off 2 years of your 50 year slavery sentence, maybe 4 if you throw all of it into an ETF, wow.