/biz/ - Business & Finance

Kaiji, is that you?

>>9249999
waste.
You had 10k ath and you think you were made?
Fucking autist.

>>9250112
96% then, I was rounding down
ATH was 24k

but even still, yes I know it's not a large amount but I'm a broke dropout neet so it's a lot to me

>>9249999
>how do you cope when your down 90% from your ath and keep looking back thinking what could have been if you took profits and didn't watch everything you own bleed out
>

Just gotta stay strong and HODL. Never convert to fiat. And you'll never lose

>>9250229
holding is what got me into this mess

>>9249999
>mfw ath 16k goes down to $800
>no face
I'm a poorfag, too. Now I have like 2,7k and I diversified it. If you ever get an ATH like that, just fucking diversify. They don't call crypto volatile for nothing. Diversifying in blue chips and potential projects is better. 10-20 coins.

Here's some pics to cheer OP up. Don't give up, man.

>>9250316
He's being sarcastic. Just wait, trade small amounts that you can afford to lose and build up your stack. Everytime you make a little profit, take some off the top and put it somewhere else. Don't go all in on anything.

>>9250434
Is kaiji the best anime ever made?

>>9250463
Lots of good animes out there, Kaiji is definitely one of the best.

>>9249999
Hi OP. I was in that situation. 2k to 40k back to 4k from holding.

Currently at 6k. I started by reading a lot of books about trading, diversifying, and trading coins that people actually trade. Making comfy gains, albeit slowly.

>>9250316
holding shitcoins is what got you into this mess
bitcoin, ethereum, monero didn't retrace more than ~70% from ATH, and now they're at half or more

>>9249999
You cope with it by recognizing that the market is 5% skill and 95% luck and timing. You’re young, it’s a “lesson” insofar is this isn’t just gambling in the first place, maybe you can take away a few lessons on the technology, markets and doing your own research.

>>9249999
You need a win senpai, all in holo

Disclaimer: I'm a brainlet

started watching that kaiji show, its funny how he gets JUSTed all t he time.

>>9249999
You double down like the real kaiji would.

>>9250389
>>9250434
thanks anon
didn't know there was a kaiji game getting released though, looks neat

>>9250447
>He's being sarcastic
poe's law is a bitch but yeah that's what I'm doing at the moment, I'm up £200 this week so I guess that's a start
the thing is, I find myself getting too attached to my holdings and it fucks me over
hot for example, I bought in at 100 then sold 40% at 150
now it's up to 220 do I keep clipping my stack even though I can see it going much higher?
I'm scared of the regret I'd feel if it were to skyrocket and I've sold most of what I had
Is there an optimal formula or something I can use that scales proportionally with profit, like sell 30% at +50% then 60% of what's remaining at +100%?

>>9250510
which books would you recommend?
>>9250524
>holding shitcoins is what got you into this mess
I'll make sure to diversify into some top 20 coins if I ever see the likes of 10k ever again

>>9250577
>>9250577
>maybe you can take away a few lessons on the technology, markets and doing your own research
which resources should I start with?
I understand the basics by reading wiki pages and such but how do I start to learn about the market itself and technology specifics?

>>9250670
I almost went all in at 80 now I feel nauseous, fuck am I buying anymore now though

>>9250871
I already did and tried leverage trading when I thought I'd hit rock bottom and got desperate
ended up getting liquidated
never again

>>9249999
its a nonsensical way of thinking since you wouldn't have been able to predict the future at that time. It's like saying

>why didn't I just pick the winning lottery numbers!?

don't be results-oriented, just learn how to make the most correct decisions with the information that you have at any given time. If you're down 90%, figure out if it's because you made an actual "mistake", assess what that mistake was, and educate yourself so that you don't repeat that same mistake again. If you can't figure out what mistake you made, then you're probably not intelligent enough to be trading cryptocurrency to begin with and should just focus on a regular 9-5 wagecuck job to make your money like most people do.

>>9250971
>figure out if it's because you made an actual "mistake"
yeah not diversifying into high mcaps, not taking profits, leverage trading, not setting stoplosses, falling for the hold meme, and thinking that if I just turn a blind eye to the markets my portfolio will magically multiply
if I'm making all these mistakes to begin with, am I just a fully fledged brainlet?