/biz/ - Business & Finance

[Anonymous No.57501193]

>made millions in 2021
>quit job thinking i could be "pro crypto trader"
>lost almost everything over the course of next 2 years
>now about to run out of funds in a few months
Well, it was a fun 2.5 years boys, but it looks like I'm going back to waging. Add another one to the grave boys.

[Anonymous No.57501200]

>>57501193
KEK

[Anonymous No.57501207]

>>57501193
Same here, made it with rubic and rsr and lost most of it.
We'll make it back bro. We're wiser now.

[Anonymous No.57501387]

>>57501193
>not just buying the S&P at that point
Damn, you really fucking played yourself, didn't you

[Anonymous No.57501388]

I feel your pain! I had $24mil in BTC at my peak, I'm down to a little under 400k due to bad investments. Can't do much with 400k, I'm out of hope. Any advice bros?

[Anonymous No.57501407]

>>57501388
>Can't do much with 400k, I'm out of hope. Any advice bros?
just ask uncle powell to give you another $24million

[Anonymous No.57501431]

>>57501407

Who's that?

[Anonymous No.57501461]

>>57501193
Why do the shitters always luck out on the millions? If I ever randomly hit 2 milly from shitcoins, I would sell and never touch this meme market ever again

[Anonymous No.57501479]

>>57501388
How? With half of it you could pay yourself a very decent monthly income for the rest of your life.

I will never understand you people. Having to never work again is much more valuable then buying shit like cars and houses.

[Anonymous No.57501486]

>>57501193
You can recover it all if you launch a successful shitcoin with some tech behind it. If you just trade other people's trash you are bound to lose it all

[Anonymous No.57501712]

>>57501193
Man I miss 2017 when there were at least 5 images of this guy's face at any given time. Never got old.

[Anonymous No.57501747]

Who was telling people I worked for the piece of shit CIA?

[Anonymous No.57501772]

>>57501207
>We’ll make it back bro.
>We’re wiser now.
Biztards actually believe there’s a trading strategy that works rather than admit that most crypto projects are scams, and the big boy crypto coins are completely unpredictable and not subject to predictable trading patterns.

[Anonymous No.57501775]

>>57501388
With your retarded impulsive trading habits that you never learned from, you would have gone broke even if you held to BTC.

[Anonymous No.57501779]

>>57501431
>is on /biz/
>doesn’t know who uncle Powell is
This board should purge from retards like you, who only care about get rich crypto schemes that end up dicking you over. Fuck outta here.

[Anonymous No.57501818]

>>57501388
24 million isn't even that much money
12.5 million after taxes
6 million after divorce
4 million after buying some 1400sqft shitbox in california
3 million after some hookers and blow
oh wow you now have a couple million to live off of for the rest of your life and you haven't even raised kids or gotten divorced a second time. You're literally struggling middleclass at that point.

[Anonymous No.57501835]

>>57501818
you dont get taxed 50% retarded demoralizing faggot
at most it's 20% if you held it for longer than a year
and even short term capital gains are 37% at most

[Anonymous No.57501855]

>>57501835
>what are state taxes
go check out a tax calculator retard
some states you will get taxed almost 55% for short-term gains on an amount that large.

[Anonymous No.57501860]

>>57501193
Mark Cuban did say that just because you suddenly got rich, doesn't mean you become a fmart investor. You could have kept the money in the bank and just lived off the interest.

[Anonymous No.57501862]

>>57501193
>>lost almost everything over the course of next 2 years
You lost it in crypto, right? ... right?
You didn't actually manage to spend 3 million dollars in just 2 years?

[Anonymous No.57501865]

>>57501855
just dont live in commiefornia

[Anonymous No.57501879]

>>57501865
He's stuck there forever. They want a new law to tax people that run away from their gulag of a state.

[Anonymous No.57501910]

>>57501818
wtf is wrong with you. 4% yield of 10m gives you 400k a year. If you cant life with that you are mentally deranged.

[Anonymous No.57501926]

>>57501910
This is how new money lose it all the time. Should have called a financial advisor. Shaq did it and that's how he got even more rich. Leave it to the actual pros to manage the money for you. Pay them and treat them well and they will be loyal to you.

[Anonymous No.57501954]

This thread needs to be bait

If not never touch crypto again retards

[Anonymous No.57502051]

>>57501910
I'm sure he's trolling
if he's not he's destined to lose his ass

[Anonymous No.57502063]

>>57501388
How much capital did you put in? There's still gain/profit there I bet, just your perspective that's warped. Enjoy what you have now not what could of been.

[Anonymous No.57502100]

>>57501193
>>made millions in 2021
>>quit job thinking i could be "pro crypto trader"
>>lost almost everything over the course of next 2 years
>>now about to run out of funds in a few months
>Well, it was a fun 2.5 years boys, but it looks like I'm going back to waging. Add another one to the grave boys.

Another deep state / tranny ngo demoralization thread. Disregard.

[Anonymous No.57502293]

>>57501388
holy shit, you mean the btc you had when it was 100 bucks but sold would now be 24 million or you actually traded from 24 mil to 400k. if the latter how the fuck is that even possible

[Anonymous No.57502397]

>>57501388
>24mil
With 24 mil I would buy a ranch in Texas or Montana.

[Anonymous No.57502408]

>>57501818
>shitbox in california
Why would anyone in their right mind want to live in California. You know it's going to fall into the ocean someday.

[Anonymous No.57502411]

>>57501461
That's why you never make it, because people like you wouldn't hold to even 2 million. People like you sell when the are up 30% or 50% on a trade likely. When investing 20k you would be out the latest by 100-200k.
Holding trough 400k, 700k, 1M, 1.5M isn't easy.

[Anonymous No.57502423]

>>57501910
Pretty much this even a money market account pays 5% interest these days.

[Anonymous No.57502434]

>>57501193
>made millions
>plural = 2 million +
>now about to run out of funds
Why didn't you just retire, fly off to a low COL country and live like a king?
I spend like only $20k a year living like a king where I'm at

>>57501388
>I had $24mil in BTC at my peak
>down to a little under 400k
Gotta be a larp, no way anyone is this recklessly dumb, unless you lost it all on something like Celsius, FTX etc.
If I made it that high, I would permanently store away $10m in BTC never to be touched.

[Anonymous No.57502473]

>>57502411
I'd rather come $500k short of making it than to round trip baghold all the way back to zero because I never hit my price target

[Anonymous No.57502480]

>>57502434
>no way anyone is this recklessly dumb
you have to be to get from 400k to 24 million in a short time frame unless it involves something like winning the lottery or being a jaredfromsubway.eth tier genius

[Anonymous No.57502495]

>>57501835
>he doesn't know about the obama tax

[Anonymous No.57502498]

>>57501193
Why didn't you just reinvest in 2022?

[Anonymous No.57502521]

>>57502434
If you have $2 million, you could get $100k/year doing what >>57502423 said, and live pretty much anywhere. You can reinvest a portion of that into land, stocks and crypto to keep building your wealth from there. Anyone who says $2m isn't enough to be set for life is full of shit

[Anonymous No.57502858]

How tf do you mess up at that level. If you have millions just buy boomer etfs and bonds, live off the interest/dividends and forget about money

[Anonymous No.57503234]

>>57501818
kek

[Anonymous No.57503273]

>>57501193
>>57501207
Lmao, shitcoiners ladies and gentlemen.

These niggers don't even know how to put their money in a money market fund or dividend paying stock...

[Anonymous No.57504434]

>>57501388
I call LARP if you're saying $24mil was your actual ATH, no one can be so greedy and reckless to not have cashed out at least a few millions by that point