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/biz/ - Business & Finance

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29868078 No.29868078 [Reply] [Original]

I'm new to crypto and I started just a month ago. What's the bear market going to be like? Is my portfolio actually going to go to 0 with no chance of any gains now because I bought the bubble? I feel so shitty bros I've spent like 8k already and it literally halved. Not to mention all the retarded network fees and other bullshit that made me lose money before the downtrend even began.

>> No.29868130

>>29868078
crypto is a huge meme. consider the money lost.

>> No.29868164

>>29868130
I think I'm going to puke.

>> No.29868244

>>29868164
just hold the bags and stock up. don't sell till it goes higher than you bought.

>> No.29868371

>>29868244
What if it never goes higher than I bought? What if this was the very top? FUCK

>invest in the "fundamentals"
>lose all my fucking money because buttcoin took a shit and in the end no one gives a fuck about anything except buttcoin

KILL MEEEEEEEEEEE

>> No.29868479

>>29868371
Kek just consider this a learning tax and maybe you'll get better over time. Don't invest more than you can afford to lose

>> No.29868561

>>29868479
I'm actually going to kill myself there's no point to this anymore. The moment I choose to start investing at a 29 year old grown ass man the market decides to take a fat shit on me. This was the last thing giving me hope and it's gone now.

>> No.29868632

>>29868371
>What if it never goes higher than I bought? What if this was the very top?
The possibility of that depends on what you bought
If you bought Bitcoin primarily, you will absolutely be fine if you hold long enough.

>> No.29868708

>>29868078
your portfolio only goes to 0 if you bought pajeet scams, just hold the bags and wait

>> No.29868775

>>29868708
REEF, UMB, VSP, BAKE, CAKE. Yeah it's going to zero and I'm going to rope because that 8k was about 1/3 of the money I had in the bank. Goodbye bros, see you on the other side.

>> No.29868777

>>29868561
look, if no larp it's clear you don't have the stomach for crypto
men are born in the fire of daily 30%+ swings, this is NOT the stock market
either toughen the fuck up or just stop putting in money you can't afford to lose
every time I click buy, I say goodbye to that money forever

>> No.29868866
File: 77 KB, 1008x839, IMG-20210122-WA0001.jpg [View same] [iqdb] [saucenao] [google]
29868866

>>29868561
You won't do shit you faggot

>> No.29868875

>>29868777
This

>> No.29868906

>>29868775
Swap all of it to QUICK and MATIC right now and you will be saved. Enter the Matic network and try Quickswap once to see for yourself.

>> No.29868912

>>29868777
You can literally only have that attitude if you're middle class or wealthy. For someone living in a city of 3 million with the highest auto insurance premiums and real estate prices in the world, every fucking penny counts.

I guess it was my own fault. After years of saying this shit was all a scam I FOMO'd in and found out for myself.

>> No.29868921

>>29868775
>Goodbye bros, see you on the other side.
see you tomorrow

>> No.29869054
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29869054

>>29868078
don't do it anon

>> No.29869071

hi Brittney, why haven't you streamed for the past 2 weeks?

>> No.29869145

You only lose 1/6 of your patrimony. Relax the mustache.

>> No.29869152

>>29869071
I'm not Brittany you cocksucker, maybe if I was I wouldn't be worried about money because I could have zero skills and do virtually nothing while getting paid for merely existing.

>> No.29869223

>>29868078
I want to suck the rancid shit out of her asshole bros

>> No.29869232

>>29868912
>every fucking penny counts
YOU ARE MAKING A MISTAKE BY INVESTING IN ANYTHING THIS ISN'T THE FUCKING LOTTERY

>> No.29869238
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29869238

>>29868775
>REEF, UMB, VSP, BAKE, CAKE.

>> No.29869337

>>29869232
Then killing myself is the only thing to do because there's literally fucking nothing I can do to get ahead in this shit world. I was born a slave and destined to live in shit.

>> No.29869385

I'm going to be honest with you anon: It's going to get ugly. I recommend you sell everything now because the crash in March is going to be tremendous. It's better to cut off your losses and buy back when bitcoin goes to 10k again then to try to ride the wave all the way till the next bull market (5-7 years)

>> No.29869430

>>29869337
the world changes fast though. In a few years it might be mad max time, or the opposite. Life is long, plenty of time to make gains, so stick with it.

>> No.29869443

>>29868078
I started trading yesterday and I'm not worried at all (I got some BTC from back in 2012 though)

Relax, next year you'll be happy you didn't panic sell

>> No.29869494

>>29869385
why march tho? not later in the year or nxt year. you sound legit, is why I'm asking

>> No.29869541

>>29868078
>I'm new to crypto
Lurk more, fuck off

>> No.29869544

>>29869385
march? not later in the year or next year?
you sense imminent danger?

>> No.29869643

>>29868078
Imagine the smell

>> No.29869685

>>29868078
If it really bothers you, get back enough of your initial investment to feel comfortable with the risk. If you bought legit projects, you should be good.

>> No.29869726

>>29868371
If you bought established projects, those are likely to stay. ADA, BNB, IOTA, XRP, XLM, LINK and many others where around during the last crash and are now up again. If you bought very small questionable new projects, some of them might die once the money dries up - e.g. from the last crash DBC, BNTY, POE etc. Some are around but still not on the level as before the 2018 crash, e.g. FUN, ICX
So there is a chance that even if it crashes now, you will still have SOME worth, latest when the next bullrun starts. But of course you'd still be better off if you'd sell now and rebuy when we're at the bottom.
The problem obviously is that nobody knows if a crash will happen, and when it will happen, and when we reach the bottom.

>> No.29869785

>>29868371
>What if it never goes higher than I bought?
>He says in a world that is based on 2% growth every year and where FIAT currencies are constantly inflated to keep people working
Investing isn't for you. I could explain at length why you are guaranteed to never lose as long as hodl for literal years (as long as what you bought has actual value), but I won't. You are a low time preference, low IQ nigger and deserve the sleepless nights you give yourself.

>> No.29869855

>>29869685
I think they're legit but who the hell knows. Many of the coins from 2017 never recovered, many more don't even exist anymore. This whole stupid market is fake and makes no sense because bitcoin, which has absolutely no use beyond being a PnD for whales controls everything. It doesn't even matter if you invest in legit projects or not because all the fundamentals go out the window when daddy buttcoin takes a dump.

>> No.29869924

you only lose money when you sell
so stop being a paper handed bitch

>> No.29869982

>>29869337
Stop being so pessimistic...are you in the US? There is plenty you can do to improve your situation but not everyone can jump feet first into crypto. You should have started smaller if this is your situation. You also should have been more picky. No biggie, just consider this money in the bank that you can't get out until later. If you needed it to live on, good job risking it.

>> No.29870014

>>29868078
let it be a lesson to not buy things at the top. you have 3 choices.
1. cut your losses and pull everything out
2. swap everything back to usdc and do some research and come up with something new to buy and wait out the market dumping
3. baghold your dogshit forever. the only thing you have worth bagholding is maybe cake and umb? unsure of the others.

dont let a big loss kill you man it happens to everyone.

>> No.29870107

Why is it better to hold bags during a bear market than to cash out somewhat close to the top of a bull run?

>> No.29870273

>>29869855

No, there are actually ways to make wise choice. You should have just swing traded BTC since you think like this.

>> No.29870472

Don’t listen to these retards I lost my 30k I invested at the start of the bull run because I was told bitcoin was going to 100k and right now that 30k is gone from my balance wiped out eradicated never to be seen again. Crypto is the biggest scam of all and these guys cope by being positive and hoping for the best baka.... And that’s why I’m cashing out my 270k profit right now never putting money in this market again wtf...

>> No.29870533

>>29870273
Maybe I'll short the shit out of that decrepit turd when I get my next paycheque.

>> No.29870600

how did u react when btc went from 40k to 30k?

>> No.29871110

First of all tally up your investments, what you bought, when, at which price and compare it to the current. CAKE is sorta tied to BNB so it should go up eventually. Meanwhile you can stake it to earn at least something extra.

Your other stuff might go up, might go down. You could wait and hope for the best or sell at a loss and try to gain something with the leftovers. This is risky of course. Even riskier would trying to daytrade be, but sometimes something is in such a retarded upward trend that it's SORT OF safe to jump in, make some money and jump back out before you even see the trend slowing down. However I once made 1.2k and then lost 1k after that on something that looked foolproof so there is no 100% guarantee that you won't get rekt.

>> No.29871242

>>29868078
If you sell at a loss you can claim a tax offset it most countries so its no Biggy.

>> No.29871618

I started a month ago too, OP. I only have 2k invested in one coin at this point, sold the rest. I think I'll just leave my 2k worth of coins staked, slowly diversity and accumulate a few different coins for a couple years. 1k or 2k available for any potential moonshots or pumps in the mean time.

>> No.29871680

>>29871110
Cake is the least of my investments. Most of my money is in REEF, VSP, UMB, BAKE. I was pretty confident about UMB and VSP. Reef is promising if they deliver but some of the FUD sounds legitimate. BAKE... well, I thought it was indervalued as the second biggest DEX on BSC. I did buy it when it was dipping, not at the top, but it has since continued to plummet. The CAKE I own is insignificant, I only have 15. I lost tons on gas fees and other bullshit.

I don't want to sell now. But I feel pretty rotten. There's absolutely no way for me to make money no matter what I do. Literal 20 year olds have a bigger net worth than me. I had a job and it went nowhere, I never got any promotions and was only ever rewarded with more and more work while getting underpaid and expected to work unpaid overtime. My parents brought me to this shit country from our Eastern European shithole when I was a kid, they had the brilliant idea of living in the most expensive city with no ambition to get any qualifications, to start a business, to own any property. So here I am, a 29 year old manchild living in a place where I am guaranteed to rent everything, own nothing, and be miserable and alone. I hate this shit. Why is life like this? What did I do to deserve this?

>> No.29872255

>>29868912
Every penny counts and you are putting it in crypto?? top of a bubble?? no investing before 29?? be smarter

>> No.29872402

>>29872255
You think you're so smart? You could just afford to be dumb.

>> No.29872478

>>29868078
average brittany venti viewer

>> No.29872580

>>29868912
lol I don't even have a job and -1k in the bank but I watch my crypto go up or down thousands daily and don't care. Does anyone want to buy me a car and some mroe ramen? :)

>> No.29872612

>>29872402
most ur investments r in utter shitcoins kek

>> No.29872780

>>29872612
Then why the hell do you little faggots spend all day shilling shitcoins and bragging how much money you made? You're a real piece of shit, you know that?

>> No.29872851

>>29872780
You're an idiot if you haven't realized 90% of shitcoin shilling are pajeet PnD

>> No.29872857

>>29868775
Stop LARPing. Nobody has a portfolio that shitty.

>> No.29872877

>>29870107
It's not. The problem is with correctly predicting the top and the bottom.

>> No.29872907

>>29872780
DYOR retard

>> No.29872984

>>29872780
kekekekek actually buying dogshitcoins. I hold btc link dip and some eth. I have never shilled the trash you hold. But im a piece of shit for pointing out u have one of the worst portfolios in existance. Not gonna make it boss try again next life.

>> No.29873007

>>29868078
If you got 1 million to drop, then bitcoin would be viable.

>> No.29873110

>>29872780
heres some advice to stop some of your wagie rage. People shill PnD to profit off of midwit ragies like u and roll it into btc or something viable. No one actually holds that steaming pile of shit u hold.

>> No.29873178

>>29872857
Sorry asshole, I didn't get in all the good fucking coins when they were cheap. How much room does Cardano have to grow with a market cap of $39 billion, huh? Or litecoin with a market cap of $4 billion? Or Bitcoin with a market cap of $858 billion? Why does this board even fucking exist if everything on here is a scam?

I hate all of you little faggots. You disgust me. Imagine being born to a family with property, parents with good jobs, getting a good education and all the opportunities in the world, and growing up to be such an arrogant turd.

>> No.29873388
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29873388

>>29871680
I've likely wasted a decade with inaction, self-pity and seething over cunts who cheated me out of a better life before I got out of that mentality and it still tries to claw its way back sometimes. Obsessing with loss or with being in a worse situation than other people only paralyzes. Assess what went wrong and try to do better next time. Learn the ropes with small amounts. Failure won't sting as much and if you succeed you won't 50x your entire bank account but at least you'll get some pocket money that you can use for further learning. Don't be greedy, it's better to take small amounts of profit on the way up instead of letting everything sit for COMPOUND GAINZ!!! only to watch it plummet below your initial investment. Be aware of what people are trying to sell you, they are not doing it for your own good. Look at charts, not at WAU SHITCOIN.FINANCE 99999999999% APR. Never FOMO in. Never drop large amounts into something, split your total sum and put it in over a couple of hours/days/weeks while watching how things move. Also as experiment watch the next few shitcoins you wanted to buy, write down the current price and website, then check back in one day later. 99% of the time it will have plummeted to like 3% of what you saw before.

>> No.29873498

>>29873178
1000000% ngmi bro litecoin??????????? low ass iq and 29 lmfao

>> No.29873525

>>29873388
Damn that's a clean Bart graph

>> No.29873579
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29873579

Niggers can't into crypto, Sorry brittany.

>> No.29873624

>>29869541
I’ve lurked enough on this board to know that 10 percent are stupid wojaks, 50 percent are people shilling their PnD shitcoins, and the rest are larping faggots pretending their rich. I’ve learned nothing

>> No.29873686

>>29868775
Bullshit, no one that fucking stupid can operate electronic devices

>> No.29873706

>>29868078
I just started 2 weeks ago. Just hodl. This shit is not going away no matter what anyone says with countries looking to go digital currency. I'm down 25% of my initial but haven't lost shit because I haven't cashed out. If it doesn't recover somewhat in a year or so, then consider bailing.

>> No.29873752

>>29869337
If not a larp, then you are being a little bitch and you know it. 1/3 of savings lost? Christ, most people have no savings to begin with. Don't be a homo. There is nothing when you die, so how does that even make sense from a gain/loss perspective?

>> No.29873774

>>29868775
Retard fucking nigger.
I have $1400 total, $1200 of it is in crypto.
I get less than $200 a month (yes, this is the minimum wage of the shitty country I live). I went down like 30% on my initial investments. But I'm not even close to getting even sad about it.
Did you come here expecting awesome gains in the first ten seconds? Just neck yourself then, yngmi.
The first time you invest, you PAY A FUCKING TAX ON YOUR IGNORANCE. That's how it works. Only then you can learn.
But you're still very childish for that.

>> No.29873802
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29873802

>>29868561
>at a 29 year old grown ass man the market decides to take a fat shit on me. This was the last thing giving me hope and it's gone now.
ngmi

>> No.29873808

>>29870472
>it's a scam
>270k profit
Heh?

>> No.29873917

>>29868561
Jesus fuck, what a melodramatic queer you are.
>>29868777
Checked trips of truth.

>> No.29874928

>>29868912
hi fellow Houston anon. Anyone saying we're in a bear market is fucking with you. We're in the green on the 30 day chart. Zoom out and wait. Also, go all in on Bonded Finance

>> No.29875029

>>29868078
the bear market doesn’t start till around june, just hold. look up halving cycles

>> No.29875111

>>29874928
Houston? I live in Toronto. So not only is everything overpriced, but the money I _can_ make is fucking worthless.

>> No.29875193

>>29875029
The beer market is already here nigger. Look at the day chart for bitcoin, how many times do you see a dip on the day chart that's less than a week? This shit is going to dump for at least a month and then who knows, it could either crab or it'll dump some more but all altcoins will dump no matter what because this entire market is just a pump and dump scam.

>> No.29876186

>>29875193
>beer market

>> No.29876232

>>29873774
Are you me brother? Lost most of my initial investments earlier this month cuz I bought high and holding low (/biz style) but I'm not sweating. All of my net worth is in this crypto shit and I understand I'm paying for learning the hard way. The only way to learn really. Some niggas really are bitches.

>> No.29876293

>>29873917
fucking finally, thank you
I swear, I don't even know what's happening to this board anymore
kek be with you

>> No.29876560

>>29876232
I made +50% swing trading on the first day.
Got cocky and lost almost everything I had in the following day. Then I made some gains slowly, lost a lot more, well, it have been an awesome lesson.
The nigger burger itt live in an easy mode country, put a third of his savings (most people don't even have savings) and lost part of it. And want to commit sudoku.
Smells like reddit to me.
>>29868244
>>29868777
>>29868866
>>29869544
>>29869855
>>29870533
>>29870600
>>29872255
>>29872877
>>29873388
>>29875111
Fuck, so many unchecked digits ITT, >>29876293 is right