/biz/ - Business & Finance

[Anonymous No.21396817]

Does the anxiety ever get better? I just put my first "serious" amount into crypto at 1500 dollars, and I was having nightmares of losing it all. Woke up to making 200 dollars, and wondering when to sell too. Don't want to be a guy who sells at a dollar when it ends up mooning to 50+

damned if I keep it damned if I don't

[Anonymous No.21396867]

You will check the price every 5 minutes for the rest of your life

[Anonymous No.21396928]

You will never make it

[Anonymous No.21396946]

>>21396817
Never put in what youre not willing to lose.

[Anonymous No.21396991]

>>21396817
Sell now

[Anonymous No.21397033]

Try to funnel the anxiety into productive things. Whenever I see a big rise or crash, my brain has been trained to jack off and then focus on work.

[Anonymous No.21397052]

>>21396817
If you're stressed out about this for real, sell enough so you make your original investment back, use the gains as playing money, whatever happens, happens.

[Anonymous No.21397127]

>>21396946
If I followed this meme my portfolio would be nowhere near what it is right now.

Scared money don't make no money.

[Anonymous No.21397145]

>>21396867
This

[Anonymous No.21397166]

>>21396817
It depends on how much you're willing to lose. I have about 2/3 of my savings in crypto. It's a big risk but the reward is so big that I wouldn't mind losing all if it didn't work out. I won't be able to retire early if not for crypto anyway so worst case scenario I just continue wageslaving like I do now.

[Anonymous No.21397169]

I have 200k in crypto, after a while you stop giving a fuck

[Anonymous No.21397189]

Workout , watch a movie , listen to music , get your mind off it , and first of all you shouldn't be investing without a plan at all. You should have asked yourself if you're going to dip after a little bit of profit or you will sit on it long term through peake and dips in Hope's of making lots of money in the future

[Anonymous No.21397242]

>>21396817
Yes, the longer you're in the market the easier it will get.

I sold BTC for 800 profit, when I could have had 5k profit a month later. It's something that you'll grow resistant to with time. Right now I'm up 60k on various tokens, but not selling

[Anonymous No.21397293]

>>21397169
50k swings are just another day at the office. Number goes up, number goes down. Science can't explain that.

[Anonymous No.21397334]

>>21397293
science explains that with gravity

[Anonymous No.21397373]

>>21396817
You need to life through at least one multi year bear market to stop giving a fuck, OP. No easy solution.

[Anonymous No.21397377]

Once you cash out your initial basis it does. Tfw can't bring myself to sell any btc, eth, or old shitcoin bags so I'm putting my own money back in

[Anonymous No.21397801]

>>21396817
Ive turned nothing into a million, lost the million, turned nothing into 200k, soon to lose the 200k
It's actually quite cathartic OP stop worrying about numbers

[Anonymous No.21397842]

>>21397801
Elaborate anon? I'm curious about the story
Did you cash out anything at all?

[Anonymous No.21397899]

You may need to go through some cycles before your brain basically dies and you feel nothing.

Going from 5k to 150k made me feel euphoric 24/7 and an absolute chad slayer, I was super aggressive and ballsy, could fuck any girl I wanted and mog guys

Losing the 150k made me panicked, crippled and suicidal. Nothing left inside.

Getting to 1mm, I felt nothing.

Dropping from 1mm to 200k, I felt nothing

Returning to 1mm and going far beyond, again I felt nothing.


You just stop caring, either way.

[Anonymous No.21398013]

>>21396817
When I had $10k in crypto I checked it all the time. Freaked out at any price movement
Now I have $200k in crypto and just don't really care

[Anonymous No.21398046]

>>21396817
I got drunk and high and put $30k in

[Anonymous No.21398064]

I put in 6k, and via the power of autism, and chucking in a few hundred dollars to shitcoins I now have over 70k. I kinda stop caring the more money I get. When I first started I checked it religiously, now its maybe every few hours out of curiousity, but I don't get any anxiety at all anymore.

[Anonymous No.21398107]

thanks guys for the stories. i take meds for anxiety and shit and I can feel my heart elevated, but i'm not gonna be a pussy

[Anonymous No.21398113]

>>21396817
Do your research, invest in a project that resonates with you and think longer term. That's it. Crypto is incredibly comfy if you do this.

[Anonymous No.21398249]

it's all in your head, anon. read seneca & epictetus.

[Anonymous No.21398259]

>>21397127
Scared money don't put you on the street either. That's the point. Just because it worked out for you doesn't mean it's a good idea.

[Anonymous No.21398283]

>>21398107
be careful. i've come close to checking myself in over crypto. your anxiety can very well cause you to make moves that you regret. if you're gonna move your crypto anywhere, take a xanax first

[Anonymous No.21398291]

>>21396817
Yeah. Once the money is gone you'll feel much better.

[Anonymous No.21398345]

DCA in and out. Rebalance to meet your risk tolerance. You don't have to sell all of it at once, just sell bit by bit as it goes up significant increments. It wont maximise gains, but it means you wont be left bagholding on a crashed asset

I wouldn't put in anything I wasn't willing to lose. Your portfolio WILL take a huge shit at some point. If you're not YOLOing into shitcoins like most of /biz/ then you should be trading on fundamentals. If an asset goes down 75% but the fundamentals are still the same then you need to have those iron hands to keep hold of it. The only thing that matters is the buy date and the sell date - you can have the worst recession of all time in the middle as long as you hold it until it moons. Weak hands just leads to crystallising losses, and having more money at risk than you can handle forces you to sell as soon as things go bad,

[Anonymous No.21398448]

>>21396817
You straight up do not understand the space if you're scared (unless you're degen gambling on shitcoins, then you should be fucking anxious, retard)
I have literally 95% percent of my networth in crypto, you need to study bitcoin and all its tangents: money, game theory, Austrian economics, compsci, etc.
You will get to the point where you feel nervous having any of your value as fiat.

[Anonymous No.21398690]

then read some whitepapers and buy on fundamentals.
dont impulse buy based on meme lines and fotm shills.

Instead of pink wojaking dips and losing sleep youll be accumulating more

[Anonymous No.21398815]

>>21396817
Pussy. I went all in at $7k and I’m at $45k now

[Anonymous No.21399118]

>>21398448
What's your opinion on what to use when cashing out if you plan on ever. I'm planning on using Dai around 2022. Just wanted your take on it

[Anonymous No.21399238]

>>21396817
I’ve only made a couple hundred since I got into this a week ago. I’m more nervous about my USD becoming worthless than crypto.
I think I might just put most of the rest of my assets into Algorand. Link is over, but we can still make a killing on other coins.
When I have enough I’ll convert 75% to a stable coin or precious metals, and the rest in BTC for long term storage. As long as I keep an eye on the markets and continue to make smart investments early on, I could make it in a year’s time. Crypto is the future of currency.

[Anonymous No.21399243]

I have 130k in LINK and i sleep like a baby grow up OP

[Anonymous No.21399307]

>>21399243
We sub $16 soon. Be careful fren. Link might be over the hill already.

[Anonymous No.21399394]

>>21396817
Your brain is not made for crypto trading. Just buy good coins and never sell, only buy. Otherwise you'll never make it. My stack swings $10k a day and i don't feel i thing. And i'm poor besides crypto.

[Anonymous No.21399459]

>>21399394
This is the way to do it. Keep putting in more, only cash out small amounts to buy what you need.
Brainlet take is to think of this like a savings account, with an interest rate that radically shifts from + to - %.

[Anonymous No.21399499]

Bro please shut the fuck up I put $9k from my checking into etherium at $376 yesterday morning and forgot about it getting drunk and playing video games, 10 hours later my phone notifies me etherium is up 10% I say "huh cool" and go back to playing games. Detach yourself from your money.

[Anonymous No.21399537]

honestly my anxiety has gotten worse as my investments have grown. theres so much more at stake now and I'm getting closer and closer to being a 30 year old boomer and I just want to fucking retire as soon as possible

[Anonymous No.21399585]

>>21399537
Also if you ever actually make it, managing your wealth becomes your job. passive income from investments is a meme. The only real passive income is royalties from intellectual property that you own