/biz/ - Business & Finance

people were talking about their million dollar gains in shitcoins like it was nothing, the thing about the wealth is, you get used to it superfast.

2017? Try imagining being able to buy BTC for a dollar. Yes, a dollar. And try imagining selling too soon like the dumbs I was, whilst other made millions for holding on. 2017? Noob shit.

>>16990728
>was it crazy? were there threads daily of people talking about how much money they made that day?

No there were two types of threads by june 2017

1_Oldfags posting sweaty pepes asking how to cash out(because they had made such massive ammount of money)

2_Newfags that took loans and wanted to buy all they could.

that's a nice rlc shill

Random scam coins like ICX, XVG and VEN were mooning left and right. A literal retard could have gotten rich in that market if they cashed out at the right time. I hadnt really dabbled in any alts at that point so I missed out. I think my BTC/LTC/ETH bags collectively pumped to like $30k from a $4k initial investment. I did not cash out

>>16990728
It was not like it is now. The board was very fast and the threads were practical, like what to buy next, or literally which Bittrex pump to catch in the next 10 minutes, or what coin Tika was shilling that evening (which would 3x in a few hours). RIP

people were like :
''buy this random shitcoin very good sir do the needful'' ''sure senpai''

>next day +200%

here's a taste of euphoria

>>/biz/thread/S5146989
>>/biz/thread/S5147160
>>/biz/thread/S5146861
>>/biz/thread/S5146434

>millionaires being made overnight
>my 500$ initial investment turned to 15k in a matter of a month or two
>board went incredibly fast, fresh new threads every second
>pajeet shitcoin shillings left and right
>Tron threads
>Mcafee threads
>ethereum threads
>bitconnect exit scam laugh-fest
>whole catalog had angry red yelling wojak as OP picture during the crash

to be honest, it was the best time I've ever spent on 4chan I cried of laughter way too hard throughout this time

>>16990728
this question has been asked 1,000 and each time it gets more diluted because theres less and less people from that time. go to the archives before you post a shitty thread.

>>16990728
SiaCoin anon would post Blockfolio screenshots with like 2 million dollars.

>>16992841
Same Anon, it really was a great time

>>16990728
The mania was insane. I would go entire days at work doing nothing but browsing my phone refreshing /biz/. There was an image I saw at the end of December 2017 that I haven't seen since. It was a scale that, on one axis showed varying amounts of initial investment in USD and on the other axis increasing numbers that represented how many times your stack had increased. To see how well you did in the bull you found your initial investment and total x increase. I remember I did a 4x and that was less than most.

Everyone was talking about the upcoming epic 2018 bull run (lmao). The quality of posts was a lot better than now. The memes were better. We weren't getting flooded by BSVjeets so there was more variety. Absolute euphoria at the end of that year. I couldn't sleep at night cuz my blockfolio kept increasing by at least $1,000 every 10 minutes.

>>16992947
>Everyone was talking about the upcoming epic 2018 bull run (lmao)
Wait so you're saying instead of bull in 2021 we could be bull in 2020?

It was absolutely insane. I made like $5,000 every 24 hours even as a poor fag with a miserable initial starting value. The euphoria was absolutely overwhelming, browsing this board was funner than sniffing coke off a 10/10 hookers ass. Many who lived through the times went insane not because they lost everything, but because the euphoria was so intense that upon crashing their dopamine never recovered.

>>16993138
What's your portfolio like? How do we avoid the mistakes that were made in 2017?

The euphoria was the cleanest form of dopamine. $7k starting, hit $45k in a number of weeks. you could've thrown money in a coin that was up 10x and still make 2-3x on top. stupidly, i didn't sell any of it. held all the way back down to $6.6k in Jun 2018.
>t. now top 500 linkie

it's been a fun ride.

Holy shit imagine being this much of a fucking pathetic subhuman newfag pajeet.
The difference was there weren't these absolutely subhuman insectoid BSV faggots, they are utterly incomprehensibly the worst - even below the nanofaggots - and no fucking pathetic nulinker faggots who think $4 is the top. Fucking retards.

Way more actual discussion around shitcoins. shilling wasn't just 'buy dis he satoj'. Also people riding scams they knew were scams, I made a ton from Tron, Ven, Fun, xvg (wraith protocol haha) literally every shitcoin exploded.

>>16993455
You obviously weren't here. Moron.

>>16993473

As wasn't this my statement that you quoted.Fascinating.

>>16993473
RUN AND HIDE

It ruined the board. At peak degeneracy the mindset of these shitheads were 'if no 10x no care', 'this is next 10k buy now', 'partnership with mcdonalds look at twitter photo', 'bitcoin too slow give me good altcoin with 10x'. There were pump and dump schemes left and right. People willingly buying parabolic tops. People here hacking twitter accounts to shill pump and dumps. The best one was when they took McAfee's account and blatantly P&D 20 shitcoins in 24 hours

Check dentacoin price from end of 2017.
I bought that shit when it was cheap, around the time when it was going back and forth between being traded with satoshis or eth because the price was so low because of extremely high supply.
sold it before the pump....
anyways, coins that were high in supply tended to fool people that the price was still cheap so a lot of them ran like crazy and people were thinking "why is still so cheap?". max kek!

It was pure euphoria. But then the crash was depressing

>>16990728
>what was 2017 like
Scams were claiming to be the next Bitcoin and were able to deceive millions of dollars out of people. People were also stupid enough to buy these scams and then go around telling people they were now investors even though they didn't know much about crypto. Everyone was mmaking money and every coin waas pumping. Then, came the birth of pink wojaks.

>>16990728
I turned 1k into 350k based off shit shilled here and held it all the way down lol. 2021 biz will be just as lit.

yeah it was fucking insane
looking back at its peak, you could buy literally ANY shitcoin and 10x your money if you posted it on /biz
we literally revived dogecoindark AKA verge and it went from 1 fucking sat to 1800 sat
sadly like most others I sold way too fucking early
still stupid money though

>>16992941
lol 4x, I did 13,000x and maybe a little more

>>16992841

yep, can't wait for round 2 in 2021. Gonna be a pleasure to shitpost with you boys

>>16990728
I will never forgive myself for quitting my browsing of this shithole in 2016 when it was just an extension of /g/ due to all the crypto threads. I could have easily fallen into the crypto rabbit hole earlier and would've made money during the 2017 bull run. I fucking hate myself for it, but I'm not gonna let it happen again.

>>16993662
doubt it. you bought bitcoin at $1.50 and sold the top perfectly?

>>16993138
Lol I was stuck in a halfway house during it but I got them to let me work on my shitcoin on my laptop overnights. They never let anyone have a laptop there before but I made it seem really important. People there could barely afford cigs while I had $80k in btc on just my phone and $10k in cash but I dressed somewhat poor so nobody suspected

>>16993576
wow that's pretty retarded

>>16993688
Altcoins, some with $4000 market cap in 2015 shot to $20 million in the bubble. Almost everything pumped

what was more fun was the months of optimism as people honestly thought we would be going back up after it dropped like a stone in January. Hilarious to look at the telegrams of coins like DRGN now and people are still saying the same stuff

>>16990728
What I enjoyed most was the collectivized feeling near the peak in December/Jan, that we really were all gonna make it together. Rise up, become wealthy beyond our wildest dreams investing in this bold new technological paradigm, quit our wagecuck jobs en masse and use our wealth to all realize our fullest potential. It felt like antigravity, like all the weight and woe and worry and regret of my shitty wagecuck life was just melting away and I was starting to feel like a real person with feelings, dreams, and potential again for the first time since I was 12 or something.

At the peak I needed 'just another 3x' to reach fuck you money and retire forever to a modest lifestyle. That seemed perfectly reasonable given the market performance of the past 6 months, so I waited patiently through 2018 while my portfolio crashed 80% or so.

All in LINK now and still waiting for my fuck you money but I fully acknowledge it's going to take years and years of slow adoption and network effects to get there, if it ever happens at all.

>>16993230
I was similar to the person you're responding to. My only mistake was not putting more in, on everything, always.
The difference was that there were simply less coins, so virtually everything was guaranteed to shoot up. It is a different market now.
When I started trading crypto full-time, Coinbase didn't even have Litecoin yet, only ETH and Bitcoin. And those before me remember when it didn't even have ETH. Now it has a shitload of coins and none of it matters anymore. This market has changed.

>>16994178
Yep, I remember a few years ago when coinbase only had BTC, ETH, and LTC. Do you think those three will still perform well (even holding a candle to the insane degree they did) in this particular market?

>>16994227
I have high hopes for Bitcoin always, but I don't research alt-coins much anymore. Sorry.

>>16993230
I don't think 2017 will ever come again, there's just no way that kind of magic can happen twice in one lifetime, let alone to the same asset class. If it does, rest assured we will all fall for it once again. I'm still holding BTC though, and will continue to do so until motherfucking 2030.

>>16994295
In 2030, the monthly will show a slow but steady rise. Hopefully we will double the ATH by then.

>>16990728
>tfw cashed out before the BTC-BCH split and didn't come back on /biz/ until the big crash

part of me wishes I didn't come back, but at the same time I learned a lot about bitcoin during the period in 2018 following euphoria.