/biz/ - Business & Finance

[Anonymous No.56841253]

What are mistakes you made during the last bull run that you learned from and won’t repeat again this time around?

[Indecisive Dave No.56841267]

>>56841253
That's a tough one

[Anonymous No.56841274]

None at all I bought the bottom and sold the top and I did it again this time. That is for playing.

[Anonymous No.56841287]

>>56841253
if screenshot profits then sell at least 50% of the stack

[Anonymous No.56841353]

Go with initial gut feelings, remember that there is a big drop after the initial pump and its ok to buy back in cus there will be another albiet smaller pump, and dont tell friends/family

[Anonymous No.56841392]

>>56841253
Not having enough cash ready to buy BTC during fear periods, get nervous about buying derivatives when I should just lock in my first picks and sit on them
Always HODL and fight through diamond hands feelings by not touching the computer

[Anonymous No.56841679]

Some bits. Doesn't mean I lost money due to any of these reasons, just things I've learned over the my short 5 years in crypto. Most of it is common sense. I am not a whale, maybe an overweight tuna.

>depositing x to recieve yx is a taxable event if your a cucked burger

>airdrops, staking rewards, incentives, count as income, which is not tax deductible in a meaningful way

>99% of ct, telegram, influencer, internet personalities are grifters. (My mistake was thinking the number was closer to 90%)

>people feel losses alot more than gains. Keep that in mind whenever someone asks you for advice/recommendations. If your right, they're happy. If your wrong, they feel x times worse.

>market maker kikery is real. There is literally a guy/team of guys who job it is to take as much money as possible from you. the fed has a similar job. Between the fed and the way taxes are structured in the US, it really is a complete scam made to keep wagies as poor as possible

>whenever something offers apy, it's extremely important to understand where it's coming from. See: anchor, celsius, ftx, nexos, bancor

>99% of projects are scams and or vc/influencer pnd (my mistake was assuming the number was closer to 95%)

>money only solves money problems. Do not neglect your relationships and health.

[Anonymous No.56841702]

>>56841253
i made minimal mistakes

in 2017 i sold too early, so in 2021 i was slower to sell but 2021 was a much tamer bull market and was caught flat footed by the may 2021 selloff. still did fine but didn't sell as much as i should have by april-may 2021

this time i feel like because everyone expects the bull markets to get less intense over time, it will actually be far more intense and resemble more like 2013 or 2017 than 2021 - i won't even think about selling a single coin until we breach the btc ATH and when we do, i'll start thinking more about my game plan for scaling out

the key now is to do NOTHING if you've already secured a bag. sitting on your hands is the hardest part but that's what generates all the gains. dont get shaken out

[Anonymous No.56841703]

Don't ever put my shit on CeFi ever again. I was very lucky to not get got last cycle but it's not worth the risk. Zoomers, heed my words.

[Anonymous No.56841711]

>>56841253
claimed 1750 haircomb tokens in the month it was launched
bought statera
sold monero

[Anonymous No.56841715]

>>56841253
Being a baggie. Risk calculation is key for success. I'd rather lose 2% than 50%

[Anonymous No.56841752]

>>56841274
Yes yes same my fellow billionaire

[Anonymous No.56841778]

>>56841392
People are really underestimating the significance of this. You should be trying to accumulate cash reserves to sit on the sidelines before the bullrun starts proper. Thats where the real money is made

[Anonymous No.56842447]

thinking that everything was going to die as soon as the month started so I sold everything I had in SORA
now I have nothing to enjoy mumu's sweet hug

[Anonymous No.56842463]

>>56841778
Also tying up cash in cars, houses, and consumer products. It sucks to live poor to be able to invest, but it is better than being poor and having no investments.

[Anonymous No.56842505]

>>56841702
smart money will have exited before btc encroaches ATH.

[Anonymous No.56842686]

>>56841703
Can you elaborate?

[Anonymous No.56843629]

>>56841253
just having a plan of when to take profits, and actually sticking to it. A long time ago I read here to take 8% at each doubling. That seems way too aggressive to me. I'm going to take 10% at 10x just to cover my initial investment, and let the rest ride.

[Anonymous No.56843646]

>>56841253

Bought Chainlink (Ticker: $LINK)

[Anonymous No.56843721]

>>56841253
none

[Anonymous No.56843723]

>>56841253
follow the hype

[Anonymous No.56843739]

>>56842505
anyone that exits before bitcoin ATH is, by definition, not smart money.

[Anonymous No.56843756]

>>56841267
lmao

[Anonymous No.56843923]

Not taking enough profits. My first bull market and twitter got me euphoric and greedy.

Pretty much 50X'd my initial and ended up about 2x up when I cashed out.

The token in question had a catastrophic crash from about $1.40 ATH in a matter of days.

[Anonymous No.56843958]

>>56841253
Hold actually good coins I believe in instead of jumping from pumping shitcoin to pumping shitcoin. Hold stronger in general. And don't get caught stuck in staking, staked all my ETH last time and couldn't sell the top.

[Anonymous No.56844058]

>>56841253
Stick to the plan regardless of how I feel

[Anonymous No.56844830]

>>56841253
Did not sell and rebuy. Been accumulating this in the meantime

>>56844728

[Anonymous No.56845002]

>>56843958
yup staking is for bear markets. but liquid staking is preferred as you see the greed build up.

[Anonymous No.56846500]

>>56841253
buying shitcoins in hopes of converting it to BTC at higher ratio.

[Anonymous No.56846526]

i didn't listen to /biz/

[Anonymous No.56846558]

>>56841253
(You) will miss out on Weaponized Autism.(TICKER : AUTISM)


https://weaponizedautism.biz/

Literally just launched.

[Anonymous No.56847085]

>>56841253
I bought BTC close to the top (around 50K), and then I sat on it for a few months and sold at a loss.
Basically I started buying because of the hype and I had people telling me to go in.
This time, when I bought, there was no hype, there was no advice.
I DCA'd into Bitcoin and other coins between November 2022 and January 2023, then I bought more in May.
I'm up in all my positions, though I would be more up relatively speaking if I only bought Bitcoin.
I am willing to hold for multiple years, and I will hold until the top, simple as.

[Anonymous No.56847133]

>>56841679
Nice blog, fag. Just kidding thanks for sharing some of your experience/wisdom here

[Anonymous No.56847756]

>>56847085
>I am willing to hold for multiple years, and I will hold until the top, simple as.
>and I will hold until the top, simple as.
I look forward to sharing your next piece of wisdom in a future thread
>I thought I could sell at the top, but it turns out, it is difficult to know when the top has occurred

[Anonymous No.56847786]

>>56847756
I will gladly share with you a piece of wisdom right now.
Want to know the bottom? Use the CVDD indicator, that's what I used in November, December and January to DCA:
Want to know the top? Use the Terminal Price indicator or the Pi Cycle Top Indicator, that's what I'll use to sell.
All indicators are available on LookIntoBitcoin

[Anonymous No.56847827]

>>56847786
Thanks, but I have an indicator that works well for me - and that is, monitoring the daily thread count on /biz/. I have a threshold set where I will sell without hesitation.

[Anonymous No.56849069]

>>56841679
Gud post. I'll add:
>there is no fundamental value. There is no tech. The only value is subjective and based entirely on greed/fear. Buy fear and sell greed, the "tech" is a midwit trap.
>since crypto is entirely based on greed/fear cycles, it's quite comparable to a game of poker. Study how gamblers play poker and lose all their money to the pros, and you will understand how the same happens in crypto.

[Anonymous No.56849229]

>>56841253
Not selling the top

[Anonymous No.56849313]

>>56849069
>no fundamental value in owning shares of an online casino
ur buying the wrong tickers nigger

[Anonymous No.56849326]

>>56847827
I actually have a python script that monitors how frequently cryptos are mentioned on certain large "normie" facebook groups.
I should probably make a alert for high daily /biz/ postcounts.

[Anonymous No.56849353]

Not selling

[Anonymous No.56849363]

>>56841253
I didn't know when to sell, despite quite literally being euphoric

[Anonymous No.56849397]

>>56841253
Don’t touch defi ever again, too much risk and participants are smarter, they won’t hodl. Look for the dumb normie communities, those pump the hardest.

[Anonymous No.56849784]

>>56849313
Well, I hold GMX myself but don't let the illusion of fundamental value fool you... the value of a casino is only as good as the value it's customers place on gambling, which is based on nothing except greed.