[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   

File: 54 KB, 983x614, insane.png [View same] [iqdb] [saucenao] [google]
58074878 No.58074878 [Reply] [Original]

Holy fucking shit

>> No.58074892

I laugh on the way up and I laugh on the way down. Nothing bothers me.

>> No.58074908

Being sidelined is way more nerve-wracking.

>> No.58074915
File: 21 KB, 384x384, 1610567731162.jpg [View same] [iqdb] [saucenao] [google]


>> No.58074944


>> No.58074964

After 2017-2019, 2020-2022 paled by comparison. I was more bothered by getting my positions upended by impermanent loss in Uni v3 than market price action.

>> No.58075009

welcome to crypto, you get used to it

>> No.58075010
File: 322 KB, 2086x1193, serenity.png [View same] [iqdb] [saucenao] [google]

I unironically refused to look at anything other than a log chart.

>> No.58075027

I went bald during this period

>> No.58075039


>just look at a log chart bro
>just adjust the log base it it doesnt seem right

>> No.58075044
File: 461 KB, 833x630, 1667881498990511.png [View same] [iqdb] [saucenao] [google]

I had zero skin in the game. I had a bunch of excess AWS credit that I used to mine Dogecoin way back in 2013, then cashed that out for $2000 of "starting credit" during the beginning of the Elon mania and just went for some shitcoin plays from there since it was all effectively zero risk for me. All I lost was a bunch of sleep from chart addiction.

>> No.58075052


>> No.58075081
File: 394 KB, 940x545, 1702692071522534.png [View same] [iqdb] [saucenao] [google]

I was completely deluded into thinking that it was going to 100k+ so I wasn't worried at all.

>> No.58075093


The normie drowns in the same waters in which the clown swims with delight.

>> No.58075112

the price go up and down indeed

>> No.58075124

How do you learn this magic?

>> No.58075147

>kept my sanity

gains were great but so was the emotional toll
now i only have like 50% of my money in crypto and i don't feel a thing

>> No.58075158

Not him, but having crippling depression helps.

>> No.58075190
File: 412 KB, 561x561, 1634247897877.png [View same] [iqdb] [saucenao] [google]

my life has been hell
horrible childhood, even worse early adulthood
Now I'm in my 30s and things are getting way better because I don't give a fuck anymore. Fear makes you weak. Let it go and you will be much more capable.

>> No.58075227
File: 103 KB, 2222x868, Power Law.png [View same] [iqdb] [saucenao] [google]

You should be looking at log-log charts. BTC is a power law.

>> No.58075258

I assumed it was a bear market and bought as much as possible.

>> No.58075293

It’s easier when you realize not selling means none of this matters.

>No transaction fees
>No fomo
>No missed bullruns
>No taxes!
>BTC balance literally the same
>Every day not selling is 1 more day closer to short-term capital gains instead of long-term

You’re scared because why? Did you have a need for the fiat right now? If you don’t stop worrying, if you did you shouldn’t be using this money to gamble with in the first place. Just watch the price for fun, and when its high dunk on nocoiners and when its low you can still dunk on em cuz they’re not getting into the citadel anyways.

Steve Ballmer is waaaay richer than bill gates because he literally just held his msft stock. Same with warren buffay

>> No.58075302

Yeah but then I'd have to draw my own charts instead of lazying around on tradingview.
I do enjoy staring at rainbow charts tho, and that's certainly in that ballpark.

>> No.58075310

dont have to care if you know it'll get back up somehow sometimes

>> No.58075326

If that line is supposed to represent the mean it should be higher to cross the midpoints of the peaks and troughs

>> No.58075343
File: 863 KB, 220x229, 1690419765130395.gif [View same] [iqdb] [saucenao] [google]

This. It's the true way of the person who has the stomach to make it.
You have to be off kilter

>> No.58075361

Stop fearing death like a dumb faggot, you came to this Earth with nothing, you will leave this Earth with nothing, stop panicking each time the market shits itself.

>> No.58075382
File: 204 KB, 1451x2000, 1710672034110175.jpg [View same] [iqdb] [saucenao] [google]


>> No.58075465

you're about to find out

>> No.58075540
File: 45 KB, 1174x818, photo_2024-03-20_03-37-49.jpg [View same] [iqdb] [saucenao] [google]

there is one winning strategy
and it's so obvious no one is doing it

>> No.58075543

lol, lmao

>> No.58075594
File: 32 KB, 1080x360, 4rrhag39EC.jpg [View same] [iqdb] [saucenao] [google]

the op is probably laughing their ass off (lol lmfao even) because they have managed to maintain their sanity despite the market crashing (shitting itself) several times it is a rare feat and worthy of praise (lmao) the op might even be bragging about it (kept lol lmao) whatever their intentions it is clear that they are amused at their own achievement in general laughter is a sign of joy and positivity which are both essential for maintaining sanity by laughing the op demonstrates the importance of staying lighthearted and optimistic in tough times

>> No.58075680
File: 525 KB, 746x484, redcoin.png [View same] [iqdb] [saucenao] [google]


>> No.58075787

retarded, you could cut your DCA at higher prices and simply wait for lower ones. Anyone who bought some at ATH has down syndrome. A week later you got a 9k discount.

>> No.58075799

you don't know that. nobody knows that. that's the whole point of DCA

>> No.58075808
File: 42 KB, 841x525, lklkjdfakjfds.png [View same] [iqdb] [saucenao] [google]

use a logarithmic chart

>> No.58075821

how dis nibba gon see a week in future?

>> No.58075903

you can look at open interest and see price only got that high due to retards using 50x leverage and reliably know that big money is going to flush them. Just put some limit orders where you know people have their stop losses and you'll get filled on wicks for ez gains

>> No.58075967

based retard

>> No.58075987

It's the only thing that keeps me sane. It's the crabs that really get to your head.

>> No.58076003

Same once you realize the volatility works both ways it's just soft of funny

>> No.58076150

i didn't. this market made a measly year's salary at the cost of my mental health.

>> No.58076161

>just DCA in a parabolic market

>> No.58076166

It evens out upwards in the end

>> No.58076179

>just sell the top and buy the bottom DUDE

>> No.58076188

Gonna put that on my wall.

>> No.58076216

I bet if you fit a trig function to that data, you'd get a hell of a lot more robust fit.

>> No.58076220
File: 28 KB, 334x506, 1595736320743.jpg [View same] [iqdb] [saucenao] [google]

I stop looking at the charts all the time and laugh whenever I'm down. Ignoring my need for a 2x has only helped me.

All my mistakes have come from selling early (selling LINK in early 2020, flipping ETH for $100-200 when it coulda been thousands) and all my successes have come from holding through the pain (selling Matic May 2021 pump, selling XRP 2020 pump before the lawsuit, buying anything in fall 2023).

>> No.58076242

>all my successes have come from holding, such as selling, selling, and buying.

>> No.58076266

zoom out

>> No.58076717
File: 29 KB, 399x385, 16930490238294.jpg [View same] [iqdb] [saucenao] [google]

I didn't need to, i have all my shit divided into different coins on dextools KEK

>> No.58076812

Sauce me

>> No.58076857
File: 48 KB, 1000x1166, adDFQfkVHZ.jpg [View same] [iqdb] [saucenao] [google]

spurdo chad you may find this hard to believe but people in this thread are acting like this type of market volatility is normal i understand why they hold on so tight to their copium tanks but you have to understand that this isn't sustainable a collapse is coming and when it does it's going to make these paper handed n*ggers look like a joke trust me you'll lose your sanity too but only once

>> No.58076900

It literally explains how to recreate the chart in the title
You can use excel can't you?

>> No.58076927

Too dumb to quit and/or panic sell.

>> No.58076934

I got in for the cost of electricity... when it was sub $100. If you didnt, well, sucks to suck.

>> No.58077264

I unironically didn't make shit on the first leg, shorted the first crash, chopped myself to bits through the summer, then rode a 10x on the second leg and sold the second high. All of that, and it just barely got me into six figure hell (where I still reside).

>> No.58077421

>losing sleep over "free" 2k bet
People on this board are pathetic

>> No.58077429

I never lose if I never sell, so who gives a shit if it goes down? itll go back up sooner or later. I still got my shitty job and plenty in savings
its just extra money nigga who cares

>> No.58077441
File: 8 KB, 337x255, Capture.png [View same] [iqdb] [saucenao] [google]

i didnt haha

>> No.58077465

Well I was green the entire time so I was perfectly fine. I spent the bear market traveling the world on the cheap so I'm still not that worried. I'll travel cheap this year too and starting next year I'll start increasing my spending.

>> No.58077472

You act as if that's not about to happen again.

>> No.58077502
File: 1.05 MB, 1080x2340, 1709921218837613.jpg [View same] [iqdb] [saucenao] [google]

Im all in on enron, only fuddies are scared of the big dog ENRON!! What could go wrong theyre a huge company, too big to fail almost haha, im placing my full confidencec in them. Just the other day too, i heard one of my colleagues blurt out
>i just bought more enron!
So I went up to congratulate him, doing my best not to become red with anger because i wanted to have the most enron stock! Occasionally i have my doubts but theyre quickly washed away by the positive outlook in getting from my beloved enron. What would i do without it. Im all in.

>> No.58077567
File: 130 KB, 622x619, niggernigger.jpg [View same] [iqdb] [saucenao] [google]


You don't need to see into the future to realize buying at all time high prices is fucking stupid you dumb monkey brained nigger!!!

>> No.58077704

That is a sinusoid brother

>> No.58077846
File: 118 KB, 354x609, 1708012700825523.jpg [View same] [iqdb] [saucenao] [google]

In 10 years time i am going to think of times like this thread and think to my self, wow what a bunch of fucking retards.

>> No.58077848

do you think it's a good idea to just pick 3 coins and hold all cycle? Last cycle and the one before I bought a shit ton of everything and held way too long. This time I bought 3 coins off the 100x threads some months back and I plan to not sell them unless they've giga pumped. So far only one has pumped (5x) and the others are somehow below what I paid, but I'm still up overall

>> No.58077855

>he envision himself alive in 10 years
lmao even

>> No.58077859

Your dubs don't scare me shit stain.

>> No.58077871
File: 226 KB, 563x651, A03D8980-AA1F-467E-B8AE-B794B462417A.jpg [View same] [iqdb] [saucenao] [google]

Just time the market its easy

>> No.58077878

how about these trips

>> No.58077879
File: 1007 KB, 1000x1200, 08872738208227076.png [View same] [iqdb] [saucenao] [google]

I didnt

>> No.58077915

I accidentally bought near the start of the bull run in August 2020 with my entire life savings. I was listening to bitcoin podcasts all day everyday. Never sold and doubled down after ftx.

>> No.58077919

It takes a market cycle or two to completely burn out any capacity for emotion that you may have.

>> No.58077927
File: 34 KB, 512x512, unnamed.jpg [View same] [iqdb] [saucenao] [google]

Nice try.

>> No.58077934

Im assuming you got in recently for posting this OP. Buckle in, because something similar is about to happen.

>> No.58077946
File: 138 KB, 1437x575, IPMPORTANTBANHIM.png [View same] [iqdb] [saucenao] [google]

>I bought 3 coins off the 100x threads some months back and I plan to not sell them unless they've giga pumped. So far only one has pumped (5x) and the others are somehow below what I paid

>> No.58077956
File: 93 KB, 1865x312, jannyscam3.jpg [View same] [iqdb] [saucenao] [google]


>> No.58077963

The day you die is the day you learn to live

>> No.58077965
File: 8 KB, 259x194, 1710687425803653.jpg [View same] [iqdb] [saucenao] [google]

Since pic rel, i make money.

>> No.58077969
File: 71 KB, 1750x820, fbiSubmitted.jpg [View same] [iqdb] [saucenao] [google]

tick tock jannies

>> No.58078032
File: 2.09 MB, 350x350, 17958367834985354.gif [View same] [iqdb] [saucenao] [google]

i feel nothing

>> No.58078034

one of the coins is actually the one jannies will instantly ban for mentioning since it competes with link. The other is closely related with a lot of overlapping holders, but it's talked about here a lot since last summer (the one I got the 5x so far), and another is rarely mentioned here, but it has a really strong twitter presence and a working product despite being a small cap. I hold make it stacks for each of these. Can't know if I fucked up for another year, but seems my best bet is just fucking holding and buying any dip I can with upcoming paychecks.

>> No.58078055

I am doing this except as a long term hold with btc. Good luck man.

>> No.58078127

Thanks man, same to you. I wish I did that from the start back in 2017, but sticking with 3 solid alts might be a good backup. At this point, I only need a 12x (including 20% for taxes) and I'm free from the rat race.

>> No.58078239

just watch fred kruger videos on power law

>> No.58078866
File: 285 KB, 654x294, Screenshot from 2021-07-14 00-19-10.png [View same] [iqdb] [saucenao] [google]

bar goes up : smoke crack
bar goes down : shoot ghb
I associate increasing prices with extreme dopamine rushes.
And decreasing prices with nothing because all I remember is waking up to seeing cheap bitcoin, then smoking crack as I buy while price goes up.

>> No.58078888
File: 246 KB, 705x527, 18756457752.jpg [View same] [iqdb] [saucenao] [google]

this is what I sound like when emotionally reopening short after short. losing everything

>> No.58078934

I entered this cycle at like 28k. I'll let you know after the next cycle is over.

>> No.58078948

I sold about 50% at 63k because I'm kinda scared. Might buy back a little at 60, 55, 50k.

I'm not too worried about maximising gains. Just seems like an ok pit stop.

>> No.58079137

is the person that bought the ATH at 1200 in 2013 also dumb? Kys crystal ball peering nigger.

>> No.58079193

I've got almost no coin at all, it literally does not matter to me what happens, and I still obsessively fixated on this bullshit. this is not healthy

>> No.58079221
File: 63 KB, 680x940, 1592604428731.jpg [View same] [iqdb] [saucenao] [google]


Playing video games. GRAVITY already

>> No.58079226


Looking good already

>> No.58079229


Long time ago I play NFT games... good old t imes

>> No.58079231


Suck anon

>> No.58079234


Axis was the best

>> No.58079461

Don't buy volatile assets if you can't handle volatility

>> No.58079660

>completely burn out any capacity for emotion
this is true, its the price paid for truly making it
dont think this is a joke and dont underestimate its effect

>> No.58079710

Touching grass I guess but I don't leave my room since months so you know the drill

>> No.58079717

nobody is fucking still sidelined you dumb fuck

>> No.58079733

Too shit scared of selling then watching the price take off, so I just don't sell. Held from start to finish, top to bottom.

>> No.58080010


>> No.58080058

I didn't.

>> No.58080064

I just held. Same way I made 500k and rode it down to 10k in altcoins

Will probably sell way to early this time around

>> No.58080066

Just walk away during bear market and find other shit to do in your life. In the meantime the moneyprinters at central banks will keep running which means Bitcoin will inevitably go back up

>> No.58080092

There's no catalyst for a major downturn. The 2021 ones were caused by china banning BTC mining and the FED quickly hiking rates, then the collapse of the ponzis and FTX. There is nothing like that to send it lower, yet?

>> No.58080271
File: 495 KB, 2778x1658, IMG_1374.jpg [View same] [iqdb] [saucenao] [google]

Deliberately cutting out the noise

>> No.58080293
File: 52 KB, 1256x203, IMG_1376.jpg [View same] [iqdb] [saucenao] [google]

I agree completely.
Mine, where x= days since the genesis block. Hcburger was one of the first guys doing loglog on btc for reference. There are some limitations: time is linear in reality. Looking at it this way is no different than as a curve in linear time, but it does look nice in log time. Any spreadsheet application can do this

>> No.58080338
File: 142 KB, 1073x749, Screenshot 2024-03-20 at 11.51.07.png [View same] [iqdb] [saucenao] [google]

>> No.58081715

what that does mean that 1st of june 2024 is the top or what `?Fsd´fdfhjdfhh

could you explain

>> No.58081793

No idea. But crazy shit can happen anyday. We live in a very volatile world. Look what happened with covid

>> No.58081806

Man.... i would go mad if i had to live through that.

>> No.58082636

Reward era marker, price irrelevant
>>power law
>bitcoin has a known rate of decay where b = 100e^((ln0.5)*r)
For; r = the reward era (1 at genesis, 2 after the first halving ... 5 after the upcoming halving) and b = block reward
Thus as the decay is a logarithm the inverse is exponentiation. We say, in an economic sense, the price of any good when faced with tightening supply will increase proportionally, all else equal. So it goes that a logarithmic decline in the block reward, which is a decline in marginal supply, would be met with an exponential increase in price, such is a power law.
A power regression is an exponential curve and looks like it in linear space, but in log space it appears as shown in that chart.
All it's saying is there are some historical times when the price was well beneath the curve and then rose well above it. The average gain to the top is 651% and median 627%, in an average of 143 days after intersection. If the average outcome happens you're looking at $220,000 by end of year. But those are just averages.
If you try like, +-2SD for example, we get a range of basically from $0 to $1M in 5-1000 days. Not useful

>> No.58082660

Any price improvement is a good long term move. You got this.

>> No.58083322

Cause it's obvious it'll go up again no matter how high you bought the first time. Only idiots and faggots can't grasp this.