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/biz/ - Business & Finance


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20755550 No.20755550 [Reply] [Original]

All those sick gains you guys have been making? There's always someone losing money on the other end of those deals.
Who thought it was a good idea to put a literal retard like this in charge of a hedge fund.
This is why you should always manage your own portfolio.
https://freshcrypto.net/2020/07/28/tetras-capital-shuts-down-crypto-hedge-fund-after-75-loss/

>> No.20755579

>>20755550
What a fucking idiot. You would have done better going all in on /biz/ scam coins

>> No.20755619

>>20755550
how does one fuck up this hard when /biz/ is right here lol

>> No.20755638
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20755638

>>20755550
HAHAHAHAHAHAHAHAAAAAA

>> No.20755700
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20755700

>>20755550
Don’t buy shitcoins kids.

>> No.20755834

sounds like they are doing better than average /biz/raeli

>> No.20756077

>>20755550
buy any shitcoin pnd after it pumped thinking it's a bargain

>> No.20756111

Def xrp rekt

>> No.20756139

>>20755834
This kek 75% is nothing compared to the losses I've seen posted here.

>> No.20756211

>>20755700
He must be a genius then to only lose 75% and not 99% investing in alts in 2017.

>> No.20756272

>>20755550
Hahahahahaha all he had to do was buy Link. What the absolute fuck

>> No.20756326

>>20755550
god damn... imagine failing that fucking hard

>> No.20756354

>>20755550
Why are you not immediately assuming it was a deliberate embezzlement scheme? Take VC money, use it to buy your friends' premijed shitcoins, take some kickbacks. then you shut down the fund and move to Mauritius

>> No.20756635

>>20756354
I didn't think of that, it could be, the hedge fund was over 33 million dollars, so that's a decent amount of weight to be throwing at some of the smaller shitcoins that could cause some actual movement.
Pump and Dump with other peoples money.

>> No.20756694

this message brought to you by cocaine

>> No.20756765

>>20756694
Do a bump for me.

>> No.20756795

>>20756211
He was sitting on 30% BTC to “buy the dip”

>> No.20756819
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20756819

>got into crypto in 2017 after ATHs

>> No.20756940

before i got into crypto people asked me if i was smarter than the market or whatever
I'm not smart but not complete retard at the same time
but i had this weird ass feeling like that i was and went with it
Up over 120% since march
true story not making this shit up LOL

>> No.20757025

>>20755550
HHAHAHAHA STINKY LINKIES ARE LITERALLY SO FAR AHEAD EVEN HEDGE PLEBS CANNOT COMPETE

>> No.20757131

All you had to do was buy in March or April, how is this hard

>> No.20757165

>>20757025
I find this humorous

>> No.20757435

>>20755550
Hey, /biz/. How did crypto go from cool new decentralized currency to get rich quick scheme?

>> No.20757586

>>20756819
Altcoin ATHs were in early 2018

>> No.20757766

>>20757435
People saw people getting rich quick off of them.

>> No.20757776

>>20755550
Hilarious. All these venture funds closing and I'm 50x on my AMPL. We truly are smart money huh.

>> No.20757896
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20757896

>>20755550
Mfw literal hedgefunds get btfoed by a bunch of NEETS

>> No.20758197

>>20757896
I'm assuming he came from stocks or something and didn't really know or understand crypto before being put in charge of a multi-million dollar fund.
I don't see how it's possible to fuck up so badly any other way.
Some other anon linked this site in a thread earlier today so I've been browsing it.
None of the stories seem helpful in any way, but it's interesting crypto stuff I wouldn't have seen otherwise. Site seems half done though / unprofessional.

>> No.20759231

>>20756940
>since march
120% is shit for March. Lots of things including stocks as well as crypto are up 300% since March. To beat the market you have to do well in the next bear run. Its easy to think you're a good trader in a bull run but if youd just bought and held something like ADA or Link since march youd be up over 120% so far.

Come back and brag in a year or two.

>> No.20759438

They must be hedging against their will to live