/biz/ - Business & Finance

yeah but usually when a shitcoin dumps people sell, then want to kys when it pumps again

>>57280820
>I would have about $400k right now
did you acquire $400k using leverage?

>>57280820
demoralization shill posting
do the opposite

>>57280855
Kys retard

any good shitcoins?

>>57280876

>>57280820
>Buying shitcoins is literally safer than leverage trading
My fren had a 46 btc portfolio in 2017 and he kept believing in a certain shitcoin and buying and averaging down and now he has a 2 Bitcoin portfolio. The coin he lost everything on was named komodo j(ticker : kmd)

>>57280833
Nope. The 400k was aqucired through DCAing into Bitcoin and Ethereum. But like I said, if I had put that BTC/ETH into shitcoins, Id still have my 400k+ today

>>57280820
anything over 2x leverage is the retard tax.

>>57281205
shitcoins mostly went to 0 unless you mean doge and shiba

>>57280820
>leveraging at the exchange level
>not leveraging at the personal level
I borrowed money to buy btc giving me an effective 1.5x leverage.
Yeah yeah, it isn't the 10x, 20x, 100x leverage exchanges give you but it's the most I'm particularly comfortable with.
Say I had borrowed enough to be 10x leveraged. You guys could do that with your accounts but with larger accounts that's a little harder to (legally) achieve.
Even so, you would never get liquidated, unless you personally went and sold coins to pay debt service. And if you just flatly don't pay your debts, they cry and whine but they can't actually reach into your account and rug money without a court order.
Take the credpill.

>>57281252
A lot of people consider shitcoins to be anything but bitcoin or ethereum. In which case there are tons of successful shitcoins.

>>57281252
Im not saying I would have turned the 400k worth of BTC/ETH into milllions if I had put it into shitcoins

But id still have 400-500k right now if I had put it into shitcoins

>>57281489
This basically

>>57280820
I did something like this and never recovered. I quit crypto but that had also to do with my country putting taxes. I only needed a 3x to make it instead I lost 3x and lost some more

>>57280890
This is basically me. I had 25 btc in shitcoins in 2017, now I’m down to 1.3 btc. I learned my lesson though and all I hold now is btc and eth.

>>57281633
bro.. 23 bitcoins makes you a USD millionaire

>>57280820
>If I didn't get liquidated 2 years ago, I would have about $400k right now, instead

What is stop loss?

Playing with leverage feels like making a pact with the Devil the moment you click the button, as if you just agreed to sell your soul. Even though I manage to end up in slight profit it still felt deeply wrong at the core of my very being. Like I just had raw sex with some turboaids crackwhore or something

>>57280820
learned the same lesson not as hard...
leverage and negative time decay (options) are not your friends.
appreciation / yield over time (staking) is your friend, as long as the yield is real and not from a ponzi that will leave holders with worthless bags.

Learn to spot the difference, you can stay rich much easier.

>>57280890
>>57281633
yall are retarded. GMX (or preferrably GNS) are great tokens
they are basically protocols that are a business.
their revenue streams are clear.
Their technical moat and network effects are clear.
You're an idiot to be investing in the #1 and 2 market cap tokens instead of things that will also pay you.

Also playing with shit coins is fine if you do so responsibly ( <10% of your portfolio and taking profits appropriately)