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/biz/ - Business & Finance

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10108860 No.10108860 [Reply] [Original]

30 yo boomer here. i heard about bitcoin on facebook last december. sold my 401k and put it all into coinbase
i bought 10 bitcoins for 19k each. they have done nothing but go down since. my wife is hating me right now. i sold everything last week at 5800. I think its going back under 1k. should i wait till then to buy? my brother in law showed me how to vpn and sign up for bitmex, he said i should put all my money on betting btc will go down, he said its called short selling. what do u think biz, should i wait for bitcoin to dip under 1k or should i short everything now

>> No.10108953

you should leave this market entirely before you lose everything.

>> No.10108973

>>10108953
Listen to this OP. It was a mistake for you to get into crypto.

>> No.10108995
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10108995

>>10108860
>usimt BitMx
All I hear about is how shady they are. Why do you think they're blocked in the US? Because the Feds would kick in their Europoor door for pulling the shit they pull on US customers.

>> No.10109009

>>10108995
i thought it was in mexico lol. so it bitmex sucks where can i bet on bitcoin going down? i need to make up my losses fast

>> No.10109023

>>10108973
>>10108953
Bitcoin will die. Crypto will live. You really think human beings are gonna magicaly stop using crypto one day? Not only will crypto survive, it can't even be killed if it's banned in every country, not that this is possible.

>> No.10109035

>>10108860
Get out of Bitcoin and invest in other coins. That's what I did.

>> No.10109304

>>10108860

You're going to lose all your money. It won't make your friends and family like you any better.

>> No.10109322

Larp, no one can be this stupid.

>> No.10109625

>>10108860
You thinking btc is going to 1k is the reason why you’re justed right now. This market isnt for you and you should leave it

>> No.10109651

oh god well my money has to come from somewhere so why not go do the shorts on bitmex, I heard you can do 100x.

>> No.10109671

>>10109023
>Not only will crypto survive, it can't even be killed if it's banned in every country, not that this is possible.
>not that this is possible.

I hate it when non-lawfags make statements about law. Impractical maybe, not possible is dumb, if people really wanted it banned (illegal) it would be quite possible.

>> No.10109683
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10109683

>>10108860

>> No.10109713

>>10109671
kek then tell me how can you stop it idiot you can't

>> No.10109714

>>10108860
Hey uh... when you sold yout 401k... you set money aside for penalties and taxes associated with raiding your retirement account...

>> No.10109758

Assuming you're not trolling, which I'm sure you are, DONT FUCKING SELL. Just wait at least until 2019. If you sell your wife will be even more pissed when it blows past $19k.

>> No.10109776

>>10108860
Nice larp queer

>> No.10109788

>>10108860
Pls be true Mr. Idiot

>> No.10109802

>>10109758
If you sell your wife you'll be able to buy more bitcoin

>> No.10109854

>>10108860
I know this is a larp and it's still depressing.

>> No.10109872

>>10109802
Fucking genius.

>> No.10109904

>>10109802
Damn I didn't even think of that, sell your wife to pirates OP

>> No.10110464

>>10108860
>should i wait for bitcoin to dip under 1k or should i short everything now
No, you should KYS.

>> No.10110517
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10110517

>>10109671
>if something is illegal, it instantly becomes valueless
Lmao, I would argue banning crypto could make it MORE valuable