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/biz/ - Business & Finance

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53379984 No.53379984 [Reply] [Original]

Anons, what were your biggest financial mistake that everyone here should learn from?

>> No.53379995

>>53379984
Going to college without a clear and defined sense of what I wanted to do.

>> No.53380001

>>53379984
Being brainwashed into going to college

>> No.53380008

I didn't do the opposite of what /biz/ said.

>> No.53380012

>>53379984
buying chainlink

>> No.53380022

Not selling my LINK stack.

>> No.53380023

>>53379984
Stupid Lazy Lying Woman.
Women are the niggers of the world.

>> No.53380034

>>53379984
I have held all bluechips when they were indie projects, and sold on the first +20% candle. whitout fail, they all proceded to X10 day after day after day after day. I cant hold rallies for shit.

>> No.53380036

holding link when it was 50 thinking it was going to 200
staking my link stack

>> No.53380097

>>53379984
buying a used car. all cars are money pits period and i got it pretty good

>> No.53380099

>>53379984
Always being last to everything. I just can't seem to get ahead no matter what I do.

>> No.53380118
File: 665 KB, 576x571, 701a36dba34fbb3015a972689092ea56.png [View same] [iqdb] [saucenao] [google]
53380118

>>53379984
i sold my 6 billion shiba stack for 9 grand . Then waste it all on stable coins and other pajeet scams.

>> No.53380119
File: 15 KB, 351x351, 1671261304643574.jpg [View same] [iqdb] [saucenao] [google]
53380119

Don't go all in on one coin
Be realistic on market cap
Use https://thecoinperspective.com/

>> No.53380128

Living under a delusion of financial security being correlated with income.

>> No.53380137

Not selling during the last bull run. Roughly $350k unrealized gains last run.

It cant go up forever friends. I know seeing your folio jump thousands a day is euphoric, but realize those gains while you can.

>> No.53380150

>>53379984
Not selling gme at peak and selling during first dump and buying back in and selling again lmao. Don't drink and stonks

>> No.53380162

don't let old homeless people fuck you for 50 bucks, they don't have the money, and your ass will be red for like 4 months.

>> No.53380173

>>53379984
I bought a car and got scammed into the extended warranty, my advice is don't do that

>> No.53380185

>>53379984
I went to college AND didn’t sell my link. I am very retarded

>> No.53380338

I agreed to help my lesbian friend get pregnant with my sperm so she and her girlfriend could start a family together. Didn’t even have sex and it was all done at home.

Needless to say, things didn’t work out between them and when COVID hit they were facing financial difficulty as well. They went after me through courts for alimony payment and in the eyes of the law I was the father. I got royally screwed and I am still owing back pay even till today.

Crypto is the only thing I have keeping me going and hiding from her greedy paws. I feel like I am fucked if things don’t work out and will probably put a bullet in my head and end it all

Crypto

>> No.53380619

>>53380338
No way this is real

>> No.53380629

>>53380338
I hope you'll have the decency to put a bullet in their head (and the judge's head) before putting one in yours, if it comes to that.

>> No.53380634

Taking up a loan while waiting for while pokerstars had my founds, i figured i could just grind when game got back on and i got my bankroll back it out

>> No.53380791

>>53380097
I would never buy an expensive car, but at what level of income does it really become a good decision, financially speaking? It gives convenience but not necessarily freedom, as money is part of freedom.

>> No.53381347

>>53380619
I was young and stupid. I wish it was fake but it’s not. Worst financial decision ever made

>>53380629
I’m too chicken shit to do that but believe me, not a day gone by without me thinking about that

>> No.53381357

>>53380023
What does that make nigger women

>> No.53381362

>>53379984
trusted /biz/. never again

>> No.53381399

>>53380034
i used to do this, would dump all my holdings on the first big green candle, later learned to scale out of position slower over a period of time, and now I'm just learning to accumulate and hold and not sell no matter how juicy the paper gains are. Until 2024 most of my bags are long term at this point and if I need to cash it's because it's an emergency

>> No.53381443

Made 100x in my first day of restarting in 2021 bull. Lost almost all of it in pajeet scams

>> No.53381481

>>53379984
I bought my first crypto on Pay Pal - I just can't escape The Gay feeling.

>> No.53381656

>>53379984
Marry

>> No.53381670

>>53379984
Don't trust cramer's words.

>> No.53381699

Buying shares in two companies in the same industry.

I thought I was hedging by doing so, the rationale being that if one company failed the other would make it and maybe even prosper more.

Turned out I was just doubling my exposure to a single industry segment, and of course that segment went sour and never picked up speed again. Lost $40K.

>> No.53381714

>>53380338
Holy shit kill yourself
or better yet "kill yourself" and disappear forever and leave behind a note explicitly blaming them just to fuck with them

>> No.53381745

>>53380097
This is not a bad idea depending on the car. I have a 95 integra I purchased for $800 in 2017 and I spend $500-$800 a year on inspection and repairs, 27-30 mpg.

My friends that bought new end up paying $400/month then another 1.3k/yearly on insurance.

>> No.53381769

>>53379984
Not selling for FIAT during scam pumps like this.

>> No.53381778

>>53380338
DUMBASS

>> No.53381803

>>53379995

Came here for this. Or really going to college at all. Unless you are gonna be a doctor, or engineer, or lawyer or nurse you should NOT go to college

>> No.53381845

>>53380118
>i sold my 6 billion shiba stack for 9 grand

Kek I sold my 92 billion stack for about 20k. Will regret it for the rest of my life.

>> No.53381867

>>53379984
not checking my credit report despite never participating in any debt related service. Finally was looking at buying a house and apparently someone had been using my identity to register for credit cards and get loans and had been doing so for years

>> No.53381900

>>53380338
I almost did this. Ended up not doing it since I don't have kids and I didn't know if I could genuinely distance myself mentally/emotionally from a half-me kid in someone else's custody. They went on to have a child otherwise. The half of the couple that I didn't really know turned out to be a beautiful mother and very very successful in her career. The one who I did know, a friend of a friend and at the time I thought was a friend, trooned out hardcore, tried raising the little boy as a TheyThem, went fully SJW-derangement from 2020 onward (getting worse and worse as their marriage crumbled) (and for the record I'm kind of a left-ish guy generally) they ended up divorced, the troon goes full Scorched Earth "Woman Scorned" saying horrific shit about the mother ("I won't tell you what happened, but it's definitely abuse") and got dunked on hard in the divorce proceedings. Struggling to hold down a job for more than 6 months at a time, couchsurfing, changed name to something even more Troony, barely sees the kid but always blasts on social media whenever they do get to see him. Ironically becomes a genuine mentally-unstable-unreliable-deadbeat-dad.

At the time I thought it wouldn't be that bad an idea. I thought very highly of them. And the mother, as I say, was beautiful and I wouldn't have minded her bearing my child. But watching it play out, wow. Sorry that that was your experience, makes me think even better of the decision to opt out. They coulda made my life hell, especially if the Troon found out I was A Nazi(tm)

>> No.53381917
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53381917

>>53381900
Also I sold TSLA on October 12th, 2019. Yikes.

>> No.53381942

>>53379984
Don't buy a brand new car, don't buy real estate as an investment if you can't afford to carry it for months and it's more important to protect capital trading than it is to make it

>> No.53381959

>>53379984
I didn't buy any stock until 2020 before the 'rona crash. I also did not try hard enough to get a tech job at a pre IPO company. That kind of easy money opportunity will likely never come again, but I recognize the conditions where it arises and will jump on it if they present themselves again.

>> No.53381994

>>53379984
The biggest mistake is 100% not a thing but a behavior, which is invest something, anything, early and keep doing it.

>> No.53382187

>>53379984
Don’t buy shitcoins unless you get in at the bottom. You will get rekt eventually. Bought a coin that hit a goal they had listed but because it was before the proposed date to make the change they didn’t make the change and by the time the change was supposed to be implemented they had rugged.

>> No.53382245

>>53379984
Look who’s on the same side of the trade as you

>> No.53382309

>>53379984
Not knowing how to act with women and going with one when I was 20. Took me 10 years to recover because I had no clue

>> No.53382315

>>53379984
Deviating from my plan/indicators on "gut feeling"/fud. Fucking costs me money every fucking time.

>> No.53382326
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53382326

>>53381357
Why do you ask questions to which you already know the answer?

>> No.53382340

>>53379995
>>53381803
I got a computer science bachelors I'm not using because I bought the top.

>> No.53382362

renting an apartment with my girlfriend when I made 11 dollars an hour

taking a job that was forced on me under threat of being kicked out of the house that was 11 dollars an hour

going all in on bitcoin miners after the 2017 crash with no real consideration of how I would set them up, after extreme emotional turmoil being institutionalized against my will and being kicked out of my great grandmother's house over petty trivialities

I then sold those bitcoin miners at a pretty substantial loss

>> No.53382398

>>53379984
buying chainlink
not selling chainlink
staking chainlink
converting bitcoin into chainlink
converting ethereum into chainlink

>> No.53382417

>>53381900
>and for the record I'm kind of a left-ish guy generally
>They coulda made my life hell, especially if the Troon found out I was A Nazi(tm)

>> No.53382431

>>53379984
1. Don't buy BNB Tokens
2. Don't be afraid to spend some of your money;

I went all in [$20K] on a shitcoin and didn't even get to buy anything for myself

>> No.53382465

>>53379984
Not buying Bitcoin when I heard about it in 2011.

>> No.53382476

>meet a girl through a dating app in 2019
>we’re both dirt poor, I’m making about $55k AUD/year at the time, she’s an international student from the Fils on minimum wage also paying about $20k/year for tuition
>her parents back home are typical third world tier poor, she doesn’t really send them any remittance money anymore but her eventual goal is to save enough to build a little house for her parents and build a business for them so they have some passive income
>at the time I don’t care, we genuinely enjoy each other’s company and her presence in my life makes me look forward to the weekends when we can spend time together
>I land a job in a different city, more than double my pay, now I make around $120k/year, more if I work some overtime shifts here and there
>COVID happens and she loses her job, so I make the offer for her to come and live with me and get back on her feet
>in she moves, she loves me dearly and wants to spend the rest of her life with me even though I don’t support her financially, make her pay a fair share of rent, etc
>a couple of years later, we’re now approaching our late 20s, COVID financial policy has made my $120k feel like absolutely fuck all, she’s getting to the stage where she wants kids, and while she makes a little bit more than she used to, she’d still only pull in maybe $70k/year
>want to break up with her and let her find someone who can support her better, while giving me the opportunity to get my life together, study, and move into a higher income career
>in the last few years she’s been living under the assumption that I would go in on a partnership visa for her so she can stay in-country and study a degree without having to pay $150k (which she straight up can not afford) to get into a better career herself
>she has a year and a half left on her current professional visa and if I break up with her it basically means she’ll end up having to move back to the third world

>> No.53382483

>>53382431
which shitcoin?

>> No.53382558

>>53382476
cont.
It’s not a bad trade, or a big one-off costly mistake, basically I just have really terrible choice in women. She’s motivated and has a lot of heart, and really wants us both to do better in life. But her background leaves her at a pretty incredible disadvantage and I’m finding more and more that I’m the one taking all the sacrifices so that she can stay on her feet and move up in the world.

Best thing we can do for each other is part ways, hopefully she can find an older guy who’s more established, owns a house already, and can do the family thing sooner. Then I can fix my shit on my own with no one else to worry about supporting.

>>53379995
I kinda disagree. I feel GREATLY disadvantaged for not having gone to university. I did well earlier on compared to my peers from school but even the ones who went along without a clear idea of what they wanted out of their degree are starting to leapfrog me. I’d say avoiding college is a good option ONLY if you plan to do some sort of trade qualification in lieu, or if you’re incredibly savvy and entrepreneurial.

>> No.53382563

>>53379984
not using a multi-sig

>> No.53382631

>>53382417
Say what you will about the tenets of National Socialism, but at least it's an ethos.

>> No.53382637

>>53382483
ironically called UltraSafe

>> No.53382675

>>53379984
Bayhorse

'nuff said

>> No.53382818

>>53380008
BOOOBEES

>> No.53382841

>>53379984
Not selling my SHIB stack I got for $3 that was worth $120k in October of 2022

>> No.53382916

Pouring money into shitty cars that i liked. Don't do that, just get something reliable

>> No.53382925

I never had money so i never made mistakes at one time propably smoking and buying fast food but that's it. I'm a simple man living a simple comfy neet life. I'm working on having enough money to continue this lifestyle together with a women that also likes the gamer neet lifestyle + outdoors fitness, you can't be a fat neet or you die really soon of heart disease related crap

>> No.53382930
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53382930

>>53380338
conservichads were right

>> No.53382931

Student loans and college of course. I would have done infinitely better by just going to work straight out of highschool and investing, even stupidly. I don't even want to think about being flush with cash when bitcoin was released.

>> No.53382935

>>53380338
Dude I had lesbians try to pull the same scam on me. I said "no". The main one who was trying to get me to nut is dead now I heard.

>> No.53382949

>>53382476
>want to break up with her and let her find someone who can support her better, while giving me the opportunity to get my life together, study, and move into a higher income career
Terrible idea if not a larp, and you're genuinely into each other. A good spouse/so is way harder to come by than money

>> No.53382957
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53382957

>>53379984
pic

>> No.53382959

>>53382841
You should understand that this is a volatile market, and shite is meant to occur, especially in memes. I'm glad I sold, but I lost some good percentages to the bear. I hope the ones I have currently pick things up and augment, especially the low caps like Xpress, CTSI, Fet, and a few others which I'm banking on to generate a good yield.

>> No.53383143

>>53379984
Trusting Jews

>> No.53383155

>>53379984
buying shitcoins and >>53379995

>> No.53383948

>>53379984
Not buying BTC at $500 when I had the chance, Believing too much in LINK and I didnt save enough money to buy the dip while MINA and ORE are super cheap.

>> No.53383954

>>53379984
Don't marry your bags in a bull market after 2 years. Dca out in bull markets. DCA in during bears.
Also btc maxi = mentally ill. I sold alts early as shit and would have retired in 2021 had I kept my alt bags

>> No.53383964

DO NOT UNDER ANY CIRCUMSTANCES FRATERNIZE WITH BAGHOLDERS IN A LOW CAP

DO NOT DEVELOP FRIENDSHIPS WITH OTHER BAG HOLDERS

UNLESS YOU WANT TO REJECT URGES TO SELL THE TOP BECAUSE "IT'LL HURT MUH INTERNET FAMIGLIA!!!!!"

>> No.53383966

>>53379995
This

Everyone tells you to go to college and just do "any major." What they need to tell you to do is find the most in demand thing that you can tolerate doing.

>> No.53383972

>>53380338
Wtf David I thought you were dead

>> No.53384022

>>53383964
nah, communities are needed for low caps to even burst in the first place. You must however take profits along the way and turn on your sociopathic side of your brain. Not full on, but enough to get yourself to unload a bit at a time.

>> No.53384182

>>53379984
Taking profits now and then. It's best we do it like that since I realized I take my profits every week. I am currently staking UTK, BNB, BUSD, EGLD, ATOM and JUNO.

>> No.53384210

>>53379984
Don’t Start a business if you’re not willing to do the work or find someone who will

>> No.53384211

>>53379984
dont use shade exchanges. i bought shib in jan 21, 2.3 billion for like $200. eth tx fees were like $400 and my shib fell to worth $50. on a sunday morning, tx fees fell to like 50 bucks so i sent my shib to the only exchange that listed it, hotbit. shib did a 2000x and hitbit got 'hacked". then while it was hacked, shib did a 10x from the 2000x and i couldnt sell. i had 80k and couldnt sell. then when shib fell, i could access it again. it was trading on hotbit for 20% less than everywhere else. i went to transfer it out and the fee was over 2000 bucks. so i sold to bnb and moved my funds out for under a dollar.

i let hotbit sour me on shib and then missed out on the huge august rally. fml

>> No.53384214
File: 17 KB, 480x639, images - 2022-10-17T155158.732.jpg [View same] [iqdb] [saucenao] [google]
53384214

>>53383972
This is all you deserve.

>> No.53384269

>>53384210
Well said anon. But we can do smart work by nor working like renting bots to do our trades UBXT for instance, staking to generate passive income for instance metastaking UTK, Liquidity pools on bancor.

>> No.53384283

Gme Ryan choen is a snake oil salesman no different than musk or Holmes fuck u rc your dad would be ashamed

>> No.53384293

>>53384283
This. I fell for the GME meme, and looking at the /GME/ general is a constant reminder of how stupid I was. I genuinely believed in it all

>> No.53384328

>>53379984
i fell for the IPO meme. no, not an ICO, i am talking stocks here. Coinbase, when they came on the market. if you look at a chart, it has only been a downard spiral since. Not gonna lie I am still kinda mad but this taught me a valuable lesson and I still keep COIN on my stock watchlist as a reminder to not be so fucking stupid

>> No.53384363

>>53379984
>reduced user trust due to being autistic
>didn't implement measures that could have saved my platform or at least allow me to salvage more capital due to being scared of FUD

>> No.53384435
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53384435

>>53379984

- Don't be greedy. Learn when to take a loss, or learn when to sell and take a profit.

- Avoid individual stocks, unless you have the ability to check on them every single day when the market is open.

- If you have so much money in a single asset, or group of assets that it causes you stress, you are taking on too much risk.

- Think before buying and selling an asset. Don't panic, don't react to FOMO, or FUD.

In my case, I made the right call on energy stocks in March 2020. My problem? I bought Russian stocks and got greedy. I was up 120% and didn't sell, because I wanted to hold onto them for the dividends. We all know what happened 2 years later. My Russian stocks got crushed. I saw the risk increasing in February, but blew it off as more media propaganda. Why? Because, the MSM has been claiming every year since 2014 that the Russians were going to invade Ukraine and they never did before 2022. Literally in a 1 week period, I watched my $20k profits turn into a $20k capital loss, as I was force liquidated by the US government.

The ironic part is, the sanctions banned Americans and Europeans from buying Russian stocks. So, Americans and Europeans were forced to sell at massive losses to Russian, Indian and Chinese investors. We ironically helped foreign adversaries by forcing our own people to sell at massive losses to our enemies. I wasn't expecting the US to go full retard, but they did.

Sadly, my Lukoil stock would've paid me a $6k dividend that year and my Gazprom would've paid me another $3k. Lukoil had it's highest earnings in the last 7 years during that period too.

Turns out fundamentals (balance sheets, income statements, etc.) don't matter if the government doesn't like somebody. Human psychology and emotion will always overrule fundamentals and technicals. This is why you can see companies that have been unprofitable for a decade, skyrocket in price.

I hope this helps OP.

>> No.53384517

Not buying meme coins before they started trending. Now I am buying privacy and AI tokens because I'm not making the same mistakes no more.

>> No.53384520

You dont need to make it from one trade.

>> No.53384543

>>53380338
You are retarded doing something like that without proper legal care, though even that may not helped you in muttland

Sorry, unironically would consider moving out of the states

>> No.53384566

>>53381699
lmao it was dude weed wasn't it

>> No.53384592

>>53384435
Interesting story, anon, thanks for sharing. But I'll be honest, that hardly helps. You literally just got unlucky. An argument could be made that maybe you shouldn't have invested in Russia, but I'm sure that at the time you made your investments no regular person would have had even then inkling of a thought of what's going to happen.

>> No.53384600

i have 15k link and i didn’t sell at $50
take profits

>> No.53384619

>>53380338
all women are bisexual

>> No.53384625

>>53384182
You arent participating in the ORE-ALBT pool on polygon, I though we agreed prakesh?

>> No.53384631

>>53379984
not pulling liq from a token that would have made me a millionaire lol

>> No.53384667

>>53380791
A car's value basically stops dropping after 8 years

>> No.53384670

>>53382631
>>53382631
>>Say what you will about the tenets of National Socialism, but at least it's an ethos.
it is not an ethos because it s made up by atheists and atheists say there is no truth and morality in order to take power from the christians.
the problem with nationalism is that is another unorganic creation by atheists to replace monarchies with nations. nations existed before atheists took power, but nations as a basis for a political system is a leftist invention only to subvert the previous system. Like anything made up by leftists, it turned to shit quickly and leftists killed each other over this lol. Nationalism is so devoid of any substance that you had right wing atheists defending nationalism, just like you have leftwing atheists defending it lol.

Don't forget it's the french leftists who created nationalism. And the only way they did it is by killing anybody who shitted on their views.

>> No.53384943

>>53380162
You didn't ask for cash up front?

>> No.53384956

>>53381714
>"kill yourself" and disappear forever and leave behind a note explicitly blaming them just to fuck with them
This is what I would do, and a few weeks later send an invite to your funeral.

>> No.53385032

>>53382925
>I'm working on having enough money to continue this lifestyle together with a women that also likes the gamer neet lifestyle + outdoors fitness
I have been on 4Chins far too fucking long, but if this is not bait, then this might be the most hilarious and retarded shit Ive seen on this site in over 10 years (and I'm not proud about that, either).

>> No.53385049

>>53379984
Research what you buy first. Don't just buy a coin because of a thread on here unless you don't want to see that money anymore.

>> No.53385091

>not buying bitcoin early even though i was aware of it
>selling bitcoin too early during the last run up (sold at $25k instead of $60k)
>not just holding my nintendo stock and selling early and missing 90% of the run up
>not just holding my tesla stocks and selling early and missing 90% of the run up
>not pumping more money into link when it was below a dollar
>made many smaller financial mistakes swapping between shit and alt coins
>playing with leverage and options because i thought i could learn fast through trial and error (lost $30k)
>shacking up with women in my early 20s despite still being in school and not making any money which led me to burn through my savings (which should have gone into bitcoin)
>not pursuing a higher income earlier which would allowed me to invest into bitcoin early

that being said i also made many good trades and i'm now financially secure but it took a loooong time and many many mistakes and if i wasn't so retarded when i was young i could have made it many times over.