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/biz/ - Business & Finance

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8551590 No.8551590 [Reply] [Original]

>Investment class at Finance Msc, group project trade simulation exercise, invest 1M for a few months and track trades, provide arguments for decision
>right after january 9th dip, recommending team to put 10% into crypto, what a bargain it was to buy in furing "temp dip"
>NEO,QASH,ICX,WTC and VEN "safe choices"
>fucking obliterated, +40% loss, other teammates with ewuities amd commodities well in the green
>draghing whole team performance down
>presentation tomorrow, expecting ridicule from prof for investing into imaginary internet money
Needs some arguments why crypto is here for the long term and me not selling was not simply a case of loss aversion. Pls help

>> No.8551619

you based your project on proven scam coins you fucking retard, you deserve the fail

>> No.8551680
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8551680

>mfw im a retarded neet but still have more common sense than a buisness major

>> No.8551690

>he didn't swap into projects that were bleeding the least

Deserved

>> No.8551692

>>8551590
Kek you will be the laughing stock of the class.

Just be honest and tell you fell for a possible bull-trap. Explain what it is, and what you learned from it. At least the professor would respect you.

>> No.8551708

Bad news OP you're going to get obliterated.
There are no arguments you can make because that was a terrible time to invest no matter how much you believe in crypto.

>> No.8551725

>>8551590
>loses 40%
>claims to be a genius because he knows what a smart contract is

just because crypto is here for the long term (which it is) doesn't mean they're all shitcoins and their value can go down indefinitely

>> No.8551733

>>8551708
Which, BTW, is going to embarrass the professor if this is an investment class. You not knowing the basics of investment isn't a good look for the professor's teaching ability.

>> No.8551753

>>8551692
This. Also go into the importance of stop-losses, risk mitigation and the infinite number of techniques that normally are used in portfolio management to prevent these kind of losses. Most importantly, say you don't regret the greed, but have definitely learned the need for all of the above.

>> No.8551769

Sorry my guy, I would be busting my sides open laughing if I was in that class with you.
>NEO, QASH, ICX, WTC, VEN
Investing real money into any of these chink vaporware exit scams lel

>> No.8552846

>>8551590
>get short term project
>make long term play
You’re a fucking idiot

>> No.8553824

>>8551692
True!

>>8551708
Newfag, didn't know better back then, fomod in like an idiot.

>>8551753
Yeah that's the plan, explain what I should have done. Thanks

>>8551769
Would make different choices now. Was on the very beginning of my learning curve

To top all of the bad luck, I actually managed to pour my real hard earned money at the ATH on the 9th of January..