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/biz/ - Business & Finance

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20479581 No.20479581 [Reply] [Original]

How can all of you risk your money in such speculative shitcoins and p&d schemes? How do I become more tolerant of risk. Do I need more testosterone or is it because you all are autistic or something? Watching a coin drop 10% in a single day would make me sick to my stomach.

>> No.20479626

>all of you
no, only the retards

I'm making several thousand a week selling options with minimal risk

>> No.20479627

Stop being a pussy

>> No.20479634

>>20479581
grow some balls and dyor

>> No.20479643

>Do I need more testosterone or is it because you all are autistic or something

It’s both desu. Grow a pair, or invest less money, or just leave this board cause this board will make you more insane than you already are.

>> No.20479656

>>20479581
Jeff Benzos throws millions into projects at Amazon that go nowhere. according to him you get numb to it.

>> No.20479687

>>20479581
If a coin you own has dropped 10%, you’re owning the wrong coin.

Find a coin with good pumpamentals (good tech, team, whitepaper, use case) and is yet to pump. Throw a small amount at it. Withdraw your initial investment once it has doubled, tripled, whatever.

Rinse and repeat, gradually building your initial investment.

>> No.20479704

>>20479581

I bought ORN at 10 cents, 0 fucks given. It could drop 60 cents and I'd still be up 500%

>> No.20479750

>>20479581
You sound like a person that comes from a middle class, comfy background and as such you haven't had the need and been given the tools in life to break your risk aversion. Maybe this doesn't apply to you but it's the still generally the case.

Poor people end up being in the top 1% more often than those who eek out a comfortable existence through wagecucking. The mentality of "I better risk damn near everything I have or else I'll be stuck in poverty" does wonders to your investment attitude.

You should start investing your money on a weekly basis and once you tallied up some loses and some gains it'll start to get easier.

>> No.20479757

>>20479581
It depends on your goals, you can't win big without risking big. That doesn't mean you should be stupid and throw your money at whatever is shilled here, but if you take time to research and do your due diligence then a 10% drop shouldn't be a problem if you're confident that it'll be higher in the future (advocating fundamental analysis instead of technical analysis / charting. The latter is helpful for entry and exit though).

>> No.20479803

>>20479581
Heavy bags aren't meant to be held by weak hands. just don't buy too many coins and do it for the sport not the gains.

>> No.20479810

>>20479581
kek I have 300$ in the bank but sold my 60k linkies at 4.8$, after hating myself because it pumped and conditionned to think swingies get the rope, I then threw 288k$ at ampl while it was pumping and got out just in time to afford 64k linkies, so ye swingies don't get the rope always... imagine being a poorfag with 300$ in the bank and already put in my notice to quit, and you throw 288k$ at a shitcoin for a quick x2, it's definitely autism, because if it hadn't worked out I would've killed myself unironically.

>> No.20479815

>>20479581
I already doubled my money. IDGAF since my most stable plays will cover my losses. Everything else is speculation.

>> No.20479854
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20479854

The trick is to feel so dead inside you are immune to the volatility of cryptocurrency because you feel no emotion.

Also you, yourself, have to realize that your desire to gain is bigger than your fear of losing. With goals in mind, you work and find ways to attain it.

>> No.20479861

>>20479815

Except ORN. It has no chill and no brakes. It's only a dollar right now but it'll be multiples of that by december.

>> No.20479866

>>20479581
I only speculate on coins that that I believe have real potential.

>> No.20479935

Based on all these replies the consensus is that you're so high on hopium that your coin will make it that it overrides any fear of it crashing. Or if it does crash you think it's a temporary setback. You are all surprisingly confident for a bunch of NEETs. Borderline arrogant

>> No.20480020

>>20479935
>can't handle a 10% drop without physically feeling ill

Go put your money in bonds and stop shitting up the board with your brainlet assessments.

>> No.20480503

>>20479935
Basically this. Once you go through a few cycles of huge gains and huge dumps you start getting used to it and you become fearless. That dopamine rush when a coin moons is the best drug ever imo

>> No.20480532
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20480532

>>20479935
The only way to make it without balls of uranium is being an insider or having insider info. Nothing in life comes for free anon.
What are you going to do with those small bucks anyway? Are you satisfied with an average life? What's the worst that could happen.

>> No.20480605

>>20479581
You just have to make tons of profit and then to lose them so you start to get used to both the sweet success and the bitter failure.
In 4 years of crypto I can't even remember how many times I had 50-90% losses.
But overall I'm up by a big margin, because in time you start to get a feel for spotting undervalued coins with good pumpamentals.

>> No.20480988

The most you can loose is whatever you put in the most you can gain is infinity. Do you choose a life of mediocrity with little risk or do you want to take a shot at becoming the 1%

>> No.20481006

>>20479581
>How can all of you risk your money in such speculative shitcoins and p&d schemes?
desperate to not have to wagecuck until i'm fucking 65

>> No.20481029

Learn to mitigate risk.. as someone before me said.. the most profitable skill set in the world right now is spotting the difference between shit coins and legit projects and man has that logic paid off for me

>> No.20481045

>>20479581
>Watching a coin drop 10% in a single day would make me sick to my stomach
>would
Sounds like you've never tried
Ever seen your holdings drop 99% in the span of a couple hours?

>> No.20481052

>>20479935
you will absolutely, unequivocally never make it. there is nothing i, or anyone else, can say to change your mind. My advice would be to either 1) buy LINK and never sell until 2026, or 2) go buy a rope and learn some nice knots

>> No.20481128

>>20479581
Lol 10 percent in a day hahaha thats nothing. Watching a coin go up 1500 percent in a day gets me tingly then watching it drop 1000 percent directly afterwards now im just cooming over a 500 percent gain

>> No.20481142
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20481142

If you're a low paid wagie you literally have to gamble to make it

Trust in your frens on /biz and together we'll make it

buy low sell high

>> No.20481163

>>20479581
Look man. Most of the people here ae deadbeat neets/wagecucks who literally have nothing to lose.

Its just desperation man.

>> No.20481212
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20481212

>>20479581
>Watching a coin drop 10% in a single day would make me sick to my stomach.
>only 10%

>> No.20481236

>>20479581
lower your risk

>> No.20481342

>>20480532
>what's the worst that could happen?
this is how i figured it out. what does it matter if i lose it all? i still would have had to wagecuck until my body and mind were useless to me.

>> No.20481365

>>20481142
That's a man.

>> No.20481393

>>20479935
Its called having iron hands faggot. I'm not a neet either. Kys

>> No.20481437

>>20479581
Play daily stock runners then. Coins are a crapshoot as to which will actually moon, despite what the paper account posters here tell you.

>> No.20481497
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20481497

Consider any money invested as lost. And you would have wasted that mney anyways if you didn't invest it.

I'm a poorfag, If I don't invest I will always be a poorfag, and I'f I fail at investing than nothing changes.

>> No.20481514

>>20479581
losing half your net worth in a day isn't so bad after it's happened a few times

>> No.20481516
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20481516

don't overthink it, it's just numbers on the screen dude, relax.
money is a purely abstract concept.

>> No.20481595
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20481595

>>20481516
Kek, based response, best in the thread

>> No.20481607

>>20479581
then go invest in gumball machines

>> No.20481978
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20481978

>>20481052
Nailed it. He lacks the correct mindset.

>> No.20482329
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20482329

>>20479581
You can't lose what you don't have.
I came to this board a year ago totally fucking destitute. I had my shitty, minimum-wage job and I was depressed. That's it.
Now, for the first time in my life, I have a nest egg. $14k. Not a lot, no, but wow, what I would have given for even half of that a year ago!
I had nothing to lose and everything to gain, so what choice did I have?
/biz/ is helping me put my life together.
I love you guys.

>> No.20482415
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20482415

>>20479581
Become homeless by choice for 1 month straight, no going home for anything and you'll find out that the bottom barrel while is dreadful is not the end of it all, once you become less relating on cash it becomes nothing but a tool to make more cash.

The experiment most likely will backfire and you'll become even more of a pussy and scared to lose 5 bucks tho

>> No.20482438
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20482438

>>20479854
This nigs knowns

>> No.20482464

There's two major categories of money
>need to work
>don't need to work
If you haven't made it into the second category, then who gives a fuck? All that matters is not having to work. You shouldn't have any problems gambling to get from group A to group B

>> No.20482503

I dunno I think something is wrong with me. I'm up 10x monthly and nearly six figures and don't feel anything anymore. I did get my test measured and it's 1010 total ngdl.

Don't pay attention to dips unless it's -50% in a day.

>> No.20482540

>>20479581
Just get used to it, that's litteraly just that.

>> No.20482617
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20482617

>>20482464

>Tfw I had a drunken combo with one of my clients last night
>He told me he didn't give a single fuck anymore, that he was going to live life to the fullest and he was gambling in the stock market
>He lean on me and whispered, "I bought Tesla at 500 I made 5 thousand dollars"
>I looked directly in to his eyes and said I almost bought an option at 60 dollars

He replied and you didn't?
I said no
He almost slap me in the face

I have to keep wage cucking, I'll buy 5 options in moderna swaer

>> No.20482626

>>20479581
If you can identify something that's likely to blow up based on the technology or niche it fills and get in at a low enough price per coin no amount of dropping will concern you because something has to go catastrophically wrong for it to drop low enough to fuck you.
And, really, at that point it's less you choosing a bad coin and more you needing to reflect on what you've done to anger God.

>> No.20482826

>>20479643
Man i really love you autistic mofo

>> No.20482863

>>20482464
This is it, really. Thanks for putting it like that, I'm going to use that on the next friend who tells me to pull what I have made so far.
A holiday, car, an escort, some cocaine, a new vinyl, some jeans, a synth, a gaming pc.
What good is any of that? What is the point in it. All of it is just a distraction from my shit life and having to make money for Mr Shekelstein.
I just need to be free of wageslavery. THAT is the ultimate goal.

>> No.20482892

Anyone who's emotionally attached to money hasn't realized how rediculously easy it is to make.

>> No.20482894

Scared money doesn't make money.

>> No.20482907
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20482907

>>20479687
please link me any yt video/channel so i can learn how to trade fucking cryptocurrency and make it

>> No.20482942

>>20479581
>Watching a coin drop 10% in a single day would make me sick to my stomach.
Try buying up 1% of more of a low liquidity shitcoin op. First you lose 50% in a day and then you keep buying more. Nothing requires more blind unquestioning belief in your ability to pick shitcoins than that. Itr will either make or break a man.

>> No.20482995
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20482995

>>20479581
Risk is thinking you're going to be comfy wagecucking through the next 50 years. God i wish i was still naive enough to believe in that you have no fucking clue.

>> No.20483018

>>20479581
Did you have a cat by chance when you were young? Apparently a common parasite in their poop can make you less risk averse.