/biz/ - Business & Finance

[Anonymous No.13213576]

Who else got their entire account wiped out during these past couple of days?

I'm extremely suicidal right now. I have a shitty job, live alone and suffer from depression. My entire net worth was in crypto. I lost 14 years worth of salary of unrealised profits.

If you lost everything, how do you plan to move forward?

[Anonymous No.13213599]

>>13213576
See it more as freedom from looking at the charts rather than a loss. Cringy as it might be.

Maybe try to become an inspirational speakers vs non well hedged fomo or something.

[Anonymous No.13213611]

>>13213576
just kys anon

[Anonymous No.13213612]

>>13213576
My only option now is to cuck myself

[Anonymous No.13213622]

>>13213576
Wait why is your account wiped out? You get hacked?

[Anonymous No.13213623]

>>13213576
How did it get wiped ?

[Anonymous No.13213633]

No mercy for bear fags

[Anonymous No.13213634]

>>13213622
>>13213623
looool these "hodling" faggots

[Anonymous No.13213645]

>>13213576
Serves you right shorter! You were going to go broke anyways if you were that undiversified

[Anonymous No.13213652]

The tears of bottom shorters will lube the dick of the golden bull so he can shoot his golden cum on the faces of the believers.

[Anonymous No.13213656]

Do it.
Bearfags must be sacrificed for the golden bull
moloch to become incarnate.

[Anonymous No.13213659]

get a loan
buy weapons and train
follow Brenton and Anders

or buy the 1,800$ dip with the loan

[Anonymous No.13213664]

I knew about BTC and had a chance to start mining in 2011 but instead bought gaming computer and tech to grow weed, spend 4 years of my life in total myst. now I'm sitting with 0.4btc and have zero regrets of all missed opportunities

just think what kind of lesson life wants you to learn

[Anonymous No.13213675]

>>13213576
just.. get back on the horse. kind of all you can do, really.

last year i made $90k off $800 in crypto. waited all the way back down to $10k to sell. felt fucking retarded, cashed it out and left crypto for 4 months.
december i went back in with $1,800 and now i'm at $15k.

Just get back in, and maybe try not messing with shitmex for a bit. or at least put half in margin and half in binance (or trading smallcaps like me)

idk, just try to get back into it. that's all i can say.

[Anonymous No.13213676]

>>13213664
fuckin kys
fuckin faggot
>just think what kind of lesson life wants you to learn
the lesson is that you're a fucking brainlet you missed the opportunity of a life time

[Anonymous No.13213681]

>>13213664
Delusional no coiner

[Anonymous No.13213691]

>>13213659
Fuck off back to /pol you faggot incel.

[Anonymous No.13213754]

>>13213622
>>13213691
newfag

[Anonymous No.13213756]

>>13213599
It's been more than 24 hours and I'm still looking at the charts. I still can't come to terms with what I've done.

>>13213664
I'm not in the situation to think positive. I suffer from major depression, I can barely bring myself to go to work. I feel like this will be the end of me.

>>13213675
>Just get back in, and maybe try not messing with shitmex for a bit
I already got burnt once. I was so stupid to go back. Looks like I deserved this.

[Anonymous No.13213859]

>>13213676
at least I made it in real life while you still missing the point :^)

>>13213756
don't put all eggs in one basket, reach out for your bros and start make stuff together. there is whole world outside, rly. if you can manage to rent an office for 3 months it's all you need. crash and burn, it's hard, I know. If your hands hang down just jerk off and move on, be a real man

[Anonymous No.13213871]

>>13213576
>>13213756
Im sorry buddy. I just made a similar thread. 14 years of salary is terrible and I cant imagine how awful that is for you and how bad you must feel.
I also know what depression is like and have spent more of my life wishing I was dead than not.
I guess its totally up to you. Sometimes you cant see whats ahead and you have no guarantee that things will get better but you just push forward. You can start exercising, find hobbies that you like and hope that some day you will feel better. I know it sounds stupid but there actually is more to life than money. Try to just keep going forward and maybe you will find happiness because if you do I promise you it will be worth the wait. We all die someday but your time doesnt have to be now.

[Anonymous No.13213876]

>>13213756
how much did you lose?
I lost 20,000$ last november
I took holidays to forget
It worked pretty well

Stop whining it's not over bro, we are going way lower. It's an expensive lesson but it's a lesson.

[Anonymous No.13213929]

I assume many people lost their shirts as crypto market wiped out normies with absolutely zero trading experience(little did they knew entering one of the most brutal market), much like forex market 15 years ago. It is sad to see. People seem to have very little risk control in life in general. All i can say for op is dig yourself out and learn from mistakes not participate in gambling in future

[Anonymous No.13213943]

>>13213754
It was a joke to all bears. Spotted the real newfag lmfao. Kys faggot

[Anonymous No.13213946]

>>13213929
this cat is ugly as hell
shoot an ammo in his head
seriously

[Anonymous No.13213957]

>>13213946
>shoot an ammo
Ranjeesh you really need to work on your English before you try and make a joke. Please do the needful and make your babu’s proud.

[Anonymous No.13213960]

>>13213946
All cats (or nekos as I like to call them) are beautiful
Kys faggot

[Anonymous No.13213963]

Missed this pump and a lot of the volatility that came with it. I could have easily 4x my account but didn't. It hurts but I know that there will always be more opportunities in the future and I won't miss those.
You have a job, deposit what you can and get back into it. Work on your risk management the way that I am now after getting burned over the past two years. If there is anything that kept me going it is the notion that crypto is full off opportunities to make it, and that is true, so I will keep pursing them. And you should too.

[Anonymous No.13213983]

>>13213946
just be honest, you see something in that cat what you can't stand in yourself
ultimate goal is when every second of your life is filled with joy, no matter what happens, not when your bank account looks like telephone number

[Anonymous No.13214001]

>>13213576
How do you manage to wipe your account in a bull run? You weren't stupid enough to short the absolute bottom, were you?

[Anonymous No.13214008]

>>13213983
He looks like the stupid leftist kids I had to see every fucking day during my scholarship just launch this cat from your balcony faggot

Im sure it smells olives

[Anonymous No.13214035]

>>13213859
>>13213871
Thanks frens.

I didn't really need much money, I just wanted to live comfy but also frugal at the same time. The thing that kept me happy is knowing I'd be able to give it to my family once we're through the next bull run.
I was impatient and wanted to maximize profits in risky situations, and ultimately lost it all...

>>13213876
$50k in my last trade. But I also lost twice as much before by holding during bad times and not buying supports.
Funnily enough I was also looking for this being a bulltrap. But I was overlevereged for this kind of move.

>>13214001
>How do you manage to wipe your account in a bull run?
Not yet confirmed (but very likely)

>You weren't stupid enough to short the absolute bottom, were you?
I shorted resistance, it just happened that it went $1000 over said resistance

[Anonymous No.13214041]

>>13213576
yep. crypto has basically been a second job to me and I've been swing trading my stack, slowly accumulating sats all year. found margin trading two weeks ago and lost it all. liquidated 3 times. it's all gone now.

[Anonymous No.13214075]

>>13213576
yeah I lost everything too. Nembutal will be my exit.

[Anonymous No.13214080]

>>13214035
that's a lot of money for a wagie
expensive lesson but a lesson
don't cry no more brother
there are +500M short liquidations today

[Anonymous No.13214097]

You can still get into debt and credit card. The bull is just starting.

[Anonymous No.13214109]

>>13213675
What exchange?

[Anonymous No.13214121]

>>13213576
Heres my story if this helps you feel better:

I actually caught the crypto bubble "before it was cool". I was in Eth from 40 with a good chunk.

I sold at around 800 making a tidy sum. I also correctly predicted that first bubble bursting in advance and thinking myself pretty clever (eyeing it with some sadness it reaching 1400 and then collapsing).

I then focused solely on index trading cost averaging and etc, promising to myself that I will only do "safe" stuff from now on, and perfectly happy if I returned a 2% or so per month. I was doing pretty well with that as well. I gained at least 50% on my account more merely trading the market that way.

And then one FUCKING day, I decided to short oil. On 100x margin as well. You need to look the last few years chart to understand why that was a horrible idea.

Oil hasnt been over 63 since 2015 and been ranging between 56 and much lower for some time. Once again, I though I was being pretty clever entering at 55, whilst reading constant news about increasing US production/fraking and with ability to hold it all the way to 65.

Oh hey, guess what. After 3 years it decided to shoot to 65+ (70+!) with pretty much no retracement whatsoever from the exact date I entered.

And to make it even more annoying. I didnt yolo the entire account at 55 (in fact, i had many positions in many stocks and commodities, being the clever diversified trader i was. Which eventually i closed them all to support the oil one). I cost averaged up with additional positions etc, was reading and judging all the reports as advantageous to my thesis (eventual collapse) Noted the producers hedged positions (around 60) and was feeling safe because surely "they know the market", read all the opec gossip etc.

tl;dr, Lost not just all the crypto earnings, but got about 14k in debt as well. Oh. and just to rub it in my face. Oil did collapse eventually in such a way that had the money to hold my position, i would have been a millionaire.

[Anonymous No.13214139]

>markets explode
>lose money
low IQ individuals will be wiped out by natural selection. Nothing wrong here. Accelerate the evolution and kys yourself

[Anonymous No.13214170]

>>13214139
evolution is a hoax. you monkey.

[Anonymous No.13214178]

>>13214121
the lesson here is not to fuck with leverages.

[Anonymous No.13214180]

Playing these games are dangerous. Investing 101: Never put in more than you can afford to lose.

I'm sorry you're in this position, but you have no one to blame but yourself. Man up.

[Anonymous No.13214183]

[Anonymous No.13214184]

>>13214008
just keep in mind that you can physically die from anger
and that all your thoughts stay in subconscious for years, when you forget them, those (((wrong thoughts))) or (((mental parasites))) start to rot and when you can't recall what exactly was reason of your anger few years ago you start to feel frustation and your life turns into complete hell of mental disorders
you are brainwashed toxic kid, chill and cure your head


>>13214035
just take 10% of profits each quarter and put it into savings, when you will have enough to live 6-12 months start to put these 10% into something what makes more positive cashflow

yea I know in hindsight it's much easier when you lost 100k+, however you can somehow manage to buy a garage and use it to store goods which will make you some extra buck, in few years you could steadily start to grow your own empire, like in computer games when you start low and keep grinding until your dozens of low-profit assets make enough so you can afford something more expensive. yes it's long and boring but this strategy proven itself for thousands of years of human existence

happy lottery ticket is a satan deal. you can sell your soul to devil, he will give you 5$ and say you should work the rest. I'm sorry if you had to learn it this way, but it's better than lose everything in your 40's or 50's when your family would turn off and you will hang yourself because this is indeed much scarier scenario than having life scars in your early / mid years

[Anonymous No.13214189]

>>13214139
>kys yourself

so much newfags here today
good sell signal

[Anonymous No.13214191]

>>13214170
>flat earther detected
The most retarded people always think they are the smartest because they cant see or imagine anything more they can see from their window

[Anonymous No.13214199]

>>13214121

[Anonymous No.13214209]

>>13214189
>doesnt know semi-old meme
>thinking hes oldfag
>calls people newfag
>is actually the only real newfag
>shorts the bottm

[Anonymous No.13214210]

>>13214184
I grew up without a father because he died from cancer

I will fucking kill you one day stupid normie

[Anonymous No.13214227]

>>13214121
reading that made me warm. Not in a good way

[Anonymous No.13214229]

>>13214184

[Anonymous No.13214269]

>>13214210
I was born during war and you can't imagine in what circumstances I've been raised and how miserable your aggression is right now :^)
why you just cant enjoy your life and have to yell at everybody around? you can become completely different person in three months but you choose to stick to your own insecurities and act like my ex-gf

[Anonymous No.13214303]

>>13214121
Wow anon, that's way more brutal than my story.
I got into ETH at $10 and I never made any reckless trades before but there's something about the sideways market. You capitulate mentally and it forces you into a losing trade.

>>13214183
<3

>>13214184
>you start low and keep grinding
This was basically my story. I got in early but threw it all away. Even if I start anew, I'm an entire crypto-cycle behind and each new cycle gets weaker. It feels soul crushing.

[Anonymous No.13214357]

I know that feel bro. I’ve lost it all before. Over mid six figures worth. The crypto market is fucking brutal and will wreck you. I’ve lost so
much time focusing on this shit and having to start over again is just exhausting. Sometimes I don’t even know if it’s worth it to chase the greed. Is it making me any happier? Stil I look at the charts everyday all day. Fuck my life. I don’t want to be a slave to this greed anymore.

Maybe hodl fags are right. It’s better to set and forget for a few years. Maybe only the 1/5th of the potential gains, but none of this exhausting up and down getting rekt bullshit.

[Anonymous No.13214370]

>>13213576
Filthy degenerate gambler

[Anonymous No.13214374]

>>13213634
Feels good hodling and not losing 14 years worth of salary in 2 days.

[Anonymous No.13214398]

>>13214269
I hope you lost many family members in this war
because only muslims are still in war countries

[Anonymous No.13214406]

>>13214303
You could always get some eth/trx and play some games and try your luck. Tronraider is the meta right now. World of Warcraft themed, stage 1 of mining. It’s fucking awesome with huge potential.

[Anonymous No.13214420]

>>13213576
You have to be one stupid mother fucked to short/trade in margin your only savings while being broke trash

[Anonymous No.13214430]

>>13213659
This

[Anonymous No.13214477]

>>13214303
this is why I told about whole world outside and picked garage as simplest example
today there are almost no limits in what you can do, it just takes effort, balls, time and discipline

sometimes you need to make step aside from your road to avoid obstacles and move in zig-zag direction. I bet you overlooked some things while being overly focused on crypto bro

life is not about having bank account look like phone number, it's about every second of your existence having real sense. I could suggest you to take a break for month and read some books like Carl Gustav Jung about difference between western and eastern mentality, it takes like 10h to read it but you will be surprised what aspects he is covering and how fast you could find solutions for problems which possibly could be a reason that you found yourself in dead end

>>13214398
watch out, we still need your money to fuel the markets

[Anonymous No.13214501]

>>13214477

[Anonymous No.13214513]

>>13213576
People who are retarded enough to short a deflationary asset deserve suicide. No, they deserve to be lined up and executed.

[Anonymous No.13214545]

>>13214501
I'm white and living my dreams in a safe part of the world :^)

[Sergey Nazarov No.13214561]

>>13213576
Why didn't you buy Link? We tried to warn you many times.
t. Chainlink CEO and Lead philosopher

[Anonymous No.13214562]

>>13214545
I still hope to behead your father and rape your mother

[Anonymous No.13214584]

>>13213576
Suck it bobo you soon to be deceased faggot

[Anonymous No.13214611]

>>13214561

Thank you based Sergey poster.

[Anonymous No.13214641]

>>13214562

[Anonymous No.13214670]

>>13213576
honestly OP don't blame yourself this shit is the most obvious short squeeze in years
that stupid dildo on top of a completely overbought creep up move was the perfect bear trap

I cant tell you to not kys as I've been suicidal for over a years, since I realised these shitty bitcoins are worth something after dismissing it in 2010 as worthless shit
but just know that it's not your fault you got trapped

[Anonymous No.13214817]

>>13214303
>>13214477
Btw. Oil guy here and this guy speaks the truth.

I consider my experience an expensive lesson on the market, but more importantly on hubris.

I used to be, dare I say, quite the little sociopath. I looked down at those who "didnt see the bubble". Often traded commodities and enjoyed taking profits at exactly "a worker's weekly wage" etc.

Lets just say I am a better person now.

More importantly, I have focused on an actual, physical, product now. (a fairly geeky one as well, although I wont point at it) As well as interacting with actual people rather than watching charts all day. It is unbelievable how good this has been for my mental health.

In a weird way, all this might have ended up improving my life. But it is absolutely crucial to find something else to interact with because myself I spend almost 1 year locked in my head and ruminating.

I say, start reading on china based manufacturing (NOT dropshipping, thats saturated. Need to make something new of your own. Dont start with electronics obviously), Amazon FBA for automating it etc. Take a look at sites and brick shops that sell design and gift objects, kickstarter, etsy etc. Rediscover what you used to be passionate about.

Making something real, and then having people say that they like it can be unbelievably confidence boosting. And eventually you get over it.

And I still play the market occasionally except now very, very, very, very conservatively. I do pretty much just aim to have a better "interest rate" than my bank.

[Anonymous No.13214837]

>>13214121
Jesus Christ this world just finds a way to crush you no matter what you do. People will call you stupid but truth is no one can stay so guarded for so long. You have my sympathy. Unironically advise you to seek Jesus Christ. He's given me the hope that I didn't find in this material realm.

[Anonymous No.13214849]

>>13214121
>Oil hasnt been over 63 since 2015 and been ranging between 56 and much lower for some time. Once again, I though I was being pretty clever entering at 55, whilst reading constant news about increasing US production/fraking and with ability to hold it all the way to 65.
>Oh hey, guess what. After 3 years it decided to shoot to 65+ (70+!) with pretty much no retracement whatsoever from the exact date I entered.
Wow so basically you have a degenerate gambling problem (no risk management). Just looked at the oil chart and the problem is that you trade based on fundamentals. Costly mistake.
If you really knew how to trade and had the proper indicators you would have shorted the top.

[Anonymous No.13214942]

>>13214477
>>13214817
Thanks, and I understand what you mean.
But I repeat again, I'm just a broken person. I lost all my friends due to my condition, I lost my will to study and progress. I dropped out of college with decent grades. I'm stuck between work and these 4 walls.
Adding this crushing loss on top of all that, it's just too much.

I know I sounds like a fucking pussy who's given up but I've tried before and failed, and that's just the reality of this situation.

[Anonymous No.13215248]

>>13214942
well, you came quite far, this could be taken as personal achievement, but you did one mistake which doesn't deny all your previous progress, it just turns the page and it's up to you what next chapter will be about

could say that many couples can't make a baby from first attempt, while in theory someone could ask what can go wrong

I've lost millions, it's indeed very hard, however if you will take a break, learn your lessons and overview your life approach you could achieve much more on second try. imagine what people came through when all their fields were destroyed by natural disasters and whole cities / countries had to come through fever before they can flourish for real

ing-yang, karma and all that stuff really explains a lot and helps you to proceed in life much farther and have much more sense. you can be any opinion of god / religion or whatever, but there is reason why people stick to philosophy for thousands of years, because there are indeed typical situations people come through and there are ways to find a solution. life and human nature haven't changed that much for centuries, only now we have cars instead of horses, rest is the same: love, hate, friendship, gossips, greed, fear and despair

I've lost hundreds of thousands and came through tough shit, this is common scenario which happens to many of us. thing is, when you learn your lesson, somehow you will start to see things different and your life will start to change as your surroundings and social circles. you can say I'm crazy or whatever but if you will spend a little time you will find out this is indeed a common scenario and life lesson which doesn't come to random people

life goes on, just take a break and calm down, make a step aside and watch what happens, it will surprise you

[Anonymous No.13215495]

>>13215248
Thank you anon, you've been very kind, I appreciate it

[Anonymous No.13215721]

>>13215495
I could only wish you best of luck and to have people around that you can trust
https://www.youtube.com/watch?v=5scYXIvAr7w

Best wishes, anon

[Anonymous No.13215748]

>>13213576
You were told time and again not to short in a bull market, why did you do it anon?

[Anonymous No.13215883]

>>13214035
What's your liquidation price? You might be fine until the correction at which point it would be wise to take your loss.

[Anonymous No.13215982]

>>13213576
If you had lost money from investing in crypto or something, I wouldn't care
Since you lost money by shorting crypto, I literally want you to kill yourself, fuck off

[Anonymous No.13216590]

I don’t see it anymore lads. The future looks grim and hopeless. The only consolation is I am so close to being debt free by the end of next month. I may be a failure in life, but at least the Jews won’t own my soul anymore. God forgive me

[Anonymous No.13216774]

>>13215248
cheers anon. I'm glad you shared your story here. this is some of the real shit that biz hardly ever offers anymore. you never know who lurks here I guess.
I'm not sure what my next move is yet. feels really weird to be a no coiner at what seems to be near the bottom of the market cycle, but I'm not someone who has any real savings or discretionary income, so I've probably just gotta be done.
I never introduced more fiat into this than I could afford to lose so that's good too, but after trading up for a year and a half, it just feels like I got the wind knocked out of me. it's not even about the money, it's the loss of hope. no more moon bag.
starting to think about non crypto things again though, so maybe something good eventually comes out of this.

[Anonymous No.13216826]

>>13215982
Only morons such as yourself who have no idea how markets function get so triggered at people shorting. Educate yourself.