I've "lost" over one million united states dollars holding chainlink

[Anonymous No.22750721]

Ask me anything.

[Anonymous No.22751062]

>>22750721
is it tough being unimaginably based?

[Anonymous No.22751079]

>>22750721
You got greedy, didn't you?

[Anonymous No.22751105]

I've lost over 2MM. Not selling.

[Anonymous No.22751106]

>>22750721
>>22751062
>>22751079
Bots

[Anonymous No.22751126]

>>22751106
I'm not a bot, fuck you, I'm just asking OP a question, mongoloid schizo

[Anonymous No.22751125]

>>22750721
>>22751105
How on earth would you do this? Longed the top, shorted the bottom?

[Anonymous No.22751144]

>>22750721

i wonder if that guy who had 160k link sold. he's down about 2 million if not

[Anonymous No.22751307]

>>22751062
It's very tiresome
>>22751079
No the plan was to stake and still is.. never selling is not a meme. If anything, swinging is greedy.
>>22751105
Based. Hows your mental health?
>>22751106
>no you
>>22751125
No, never sold. Only buy.
>>22751126
Ignore the nonbelievers
>>22751144
Hands of steel. There were bro's back in 17' who refused to eat anything other than oatmeal to accumulate even more linkies. To whom much is given much is tested.

[Anonymous No.22751425]

>>22750721
What will you do if LINK goes back down to $1? Will you sell or just fully capitulate and accept your initial investment will eventually be worth nothing?

[Anonymous No.22751591]

>>22751307

I’ve lost over $250,000 if it’s of any support to you and I’m still here.

I actually nearly doubled my stack buying the climb to $20 then lost 90% of it trying to rebuy in several times.

I would eat a bullet if I lost my actual stack this has been hard enough. I really hope we moon again before the end of year otherwise I’m going to look like a retard (not to mention try to explain it to my wife) when I have to file $200,000 in losses on my taxes.

[Anonymous No.22751650]

>>22750721
A God among neets.

[Anonymous No.22751694]

>>22750721
>united states dollars
you can just say usd you fag

[Anonymous No.22751824]

56k anon here lost over 660k usd now. feels good doesn't it? nothing will ever come close to the 4.5 dip to 1.5 to 3 then back to 1.5, this isnt much cause for concern.

that being said, trump or sleepy joe?

[Anonymous No.22751854]

>>22751425
I will increase my stack by about 50% by buying more.
>>22751591
never tell the waifu what youre doing with your money fren.
>>22751650
My fucking sayain pride wont let me sell.
>>22751694
I wanted to make sure you know im not talking about rupees pajeet.

[Anonymous No.22751877]

>>22751307
I'm feeling fine actually. Keep myself busy with hobbies/gym. Picking up a small job in October to pay off some CC debt without having to cash out any stinkies. If we go below $6 I'll probably start to stress.

[Anonymous No.22751901]

>>22751854

I don’t but we file taxes jointly when I print out my shit to file with taxes if she wants to look it’ll be pretty obvious.

[Anonymous No.22751952]

>>22751854

I also refuse to sell out of spite. I didn’t think these slanty eyed cunts would drag us this far down but it’s not just them, literally the entire financial industry is conspiring to get us out.

Fuck them, I’ll hold to zero.

[Anonymous No.22751957]

>>22751307
I remember the oatmeal bro. I hope he is doing okay. This is a true test of willpower. We’re gonna make it.

[Anonymous No.22751956]

>>22751824
2 options as I see it:
1. Zion Don sells us out slowly to Israel but keeps the economy afloat
2. Joe accelerates us into full blown communism, featuring extreme taxes and no opportunity to climb out of your social class.

Gimme Trump and let me expatriate after I 'make it'

[Anonymous No.22752035]

>>22751824
thanks for reminding me of that dip. this is the same but we've been through this once already

[Anonymous No.22752058]

>>22751877
Get yoked bro. The time to better yourself is now!
>>22751901
Make sure you give her extra good dicking before you break the news of the losses.
>>22751952
Based. Never Selling
>>22751957
I'd love to hear an update on oatmeal bro
>>22752035
We might be bouncing off the 200 MA now. Hold tight...

brb bros its gym time

[Anonymous No.22752066]

>>22750721
You've been betrayed so much, how does it feel?

[Anonymous No.22752069]

>>22751957
it is just taking a lot longer than everyone thought to develop something that works, partly because ETH sucks. everything is still moving forward and we just need patience

[Anonymous No.22752099]

>>22750721

I lost around 800k. Shit is rough not gonna lie, especially because i'm a Europoor and people don't get rich here.

[Anonymous No.22752119]

>>22750721
Don`t want this to be boring, but maybe you can tell a bit about how you`ve come to this point, ur attitude. This actually goes to all anons that made over six figures

[Anonymous No.22752134]

>>22750721
Why didn’t you just retire?

[Anonymous No.22752195]

>>22750721
about to hit the same as you anon, keep holding, i felt a bit down for 5 mins or so but i dont feel anything, same as when it hit 20

[Anonymous No.22752220]

Honest question - if you didn't take profits at +$18 why not? Was it greed? Or just genuine belief?

[Anonymous No.22752246]

>>22752220

I did, but I bought the dip at 12$, fml

[Anonymous No.22752263]

>>22751106
>1 post by this id

[Anonymous No.22752285]

>>22750721
Holy shit how fucking retarded are you seriously

[Anonymous No.22752308]

>>22752246
I thought the bottom was $10.50. Kill me.

[Anonymous No.22752373]

>>22752058

I’ll sell it to her as a $3000 tax break a year for the next 50 years lol

[Anonymous No.22752388]

>>22752220
entered sub 40 cents.

took profits at 4 dollars earlier in the year or something like that got BTFO when it ran past 5 bucks.

Did the math, once LINK ran past 10 bucks, hit 20, new it was going to 50/beyond - just a matter of when. Played with the math of holding LINK or converting to BTC stack, im in the boat where i rather have LINK holdings ill have more than what BTC would be worth.

I know its going beyond 20, when it hits 40/50+ ill take some more profits.

Everything I hold in Crypto i consider a loss, dont need to cash out. I just accumulate sergs/sats

[Anonymous No.22752407]

>>22751106
newfag detected

[Anonymous No.22752451]

You haven't lost anything if you haven't sold. It's just a bunch of numbers at this point. If you do sell prematurely, then you will have lost your LINK, which is worse than anything since swingers always get BTFO.

[Anonymous No.22753071]

I can not muster any sympathy for people who look at a a profit of 1MM+ USD and think that they need more. That's extremely cushy, retirement kind of money.

At that point it's basically just senseless greed.

[Anonymous No.22753117]

>>22752220

>Why didnt you take profits at $1.30? Was it greed?

>Why didnt you take profits at $5? Was it greed?

[Anonymous No.22753345]

>>22752220
a lot of people think it’s easy or obvious to sell once you’re at 7 figures but those people would never have made it to 7 figures to begin with.
the conviction it takes to hold through $20 while it dumps is the same conviction it takes to go all in three years ago and hold through constant dumping, fake out pumps, and more dumping. you don’t get one without the other.

[Anonymous No.22753395]

>>22750721
I lost 600k$ from ath
t.50k stacklet

[Anonymous No.22753419]

>>22751956
i thought the states was pretty nice. no cap gains for 80k and below federal tax wise. only thing that sucks is no escorts but i don't know where else i'd move to

[Anonymous No.22753427]

>>22750721
Do you have black nieces and nephews?

[Anonymous No.22753432]

>>22753071

Yeah if you truly believe it's a long term project take out at least half of that, save it in real estate and use the rent income to continuously rebuy

[Anonymous No.22753480]

>>22753071
>>22753432
don’t worry, neither of you will ever get there.

[Anonymous No.22753486]

>>22751307
>There were bro's back in 17' who refused to eat anything other than oatmeal to accumulate even more linkies. To whom much is given much is tested.
I'm one of those, I'm also the jew jewer, maxxed CC to 7k$ for more linkies (accumulated 50k in 2017-2018 as a student), still haven't paid the loan back kek just ignored their mails until they gave up and said I'm blacklisted in banks and can't take a loan.
Not that I'll ever need to take a loan having 50k linkies once we're 1000$ eoy.

[Anonymous No.22753507]

>>22753071
cope more poorfag not everyone wants to move to pakistan

>>22753345

this. the reason i haven't sold is because 1m usd isn't enough to make it anyways. and i didn't sit through 3 years of fud to capitulate now being in the green 450k

>>22753432
t. retarded boomer who can't grasp the concept that the investment asset will appreciate more than being a jewish landlord that will have his head on a pole in the next revolution

[Anonymous No.22753553]

>>22753345
Were you never tempted to just take a BIT of profit? For example the guy who took out money on a CC, if you were in so early that your gains are so high, why wouldn't you just cash out enough to at least become neutral.

Also another question - what if Chainlink fails to deliver? Do you think such a thing is possible?

I don't know if ripple is a good analogy, but they have failed to deliver fuck all in years.

[Anonymous No.22753569]

>>22750721
why are you so dumb?

[Anonymous No.22753594]

>>22751591
>I actually nearly doubled my stack buying the climb to $20 then lost 90% of it trying to rebuy in several times.
AHAHHAHAHAHAHAHAAHAHHAHAAHHAHA

[Anonymous No.22753655]

I think the last few years of this happening constantly are going to turn /biz/ into a swing board (if it isn't already, and I'm guessing about 30% of anons here are already swingchads)

[Anonymous No.22753690]

>>22753553
they have Ed Felton and Ari Juels on board, they will deliver.

[Anonymous No.22753721]

>>22753507
>cope more poorfag not everyone wants to move to pakistan

You're either extremely ignorant or completely delusional with greed. With 10MM you can invest in a mid level risk fond and consistently make dividends in the low 6 figures. And keep in mind that this is the least effort you could put into it.

[Anonymous No.22753753]

>>22753553
please specify the time, from 0.2 to 20 and all the dips in between, the quantity, your cash out options, tax considerations and cash planning for the future. not just "why didn't you sell when number got higher?"

[Anonymous No.22753845]

>>22753553
but this is exactly my point. if you think like this you would never have made it to 7 figures to start with. consider that if you cash out you still need to invest that money somewhere. of course there’s a chance chainlink fails but all of investing is making bets. chainlink is still the bet i want to make.
people are too obsessed with their own situation, how early were you, how much are you up, “cash out to become neutral”, etc. the market doesnt give a shit about you, it will go up or down regardless. the ONLY thing you should think about with regards to holding or selling is “do i think it goes up from here”. and if you do, you hold, simple as that.

[Anonymous No.22753885]

>>22753721
your number for some reason changed from 1m to 10m, yes with 10m i would consider -not sell- consider some form of alternative revenue generation if staking isn't good. otherwise, theres no reason to sell

you probably meant 1m which proves how ignorant you are on the subject. you can retire comfortably in pakistan for 1m but not in any place with a semblance of civilization and decency.

1m can get me at best around 20k usd per year after taxes, inflation and putting half the earnings back in to combat that inflation. thats assuming i have a fully paid off house, and other costs associated with living like taking care of kids.

[Anonymous No.22754029]

>>22750721
>Ask me anything.
Well, is it gonna be rope or helium?

[Anonymous No.22754358]

>>22752066
It hurts.. we were all supposed to make it!!!
>>22752099
I take it there isnt too many paths to wealth across the pond?
>>22752119
Well the first few steps are pretty simple actually anon.

1. You need to be able to earn income.. for me this meant a degree and corporate soul sucking job.
2. You need to save as much of your income as you can, be very aware of what you spend.
3. You need to invest the money you dont spend, wisely. Yes, if you can read between the lines and shitposting you can find gems on boards like /biz/.
4. You need to practice patience. This is a long journey.
>>22752195
Yeah after a certain point the swings dont phaze you. Six figure losses dont really hurt anymore but 7 figures did if im being honest.
>>22752246
Lower your cost average , now is a good time to add to the stack.
>>22752308
Stay strong
>>22752373
Just promise her some nice things when you make it and share your vision with her. If she doesnt get it then she isnt the right gal. Good luck.
>>22752388
Based strategy friend but lettuce beef real tea 50 is fud in the long run.
>>22752451
<3
>>22753071
The game is not to kill your golden goose for meat, its to care for the majestic creature for many many years to come.
>>22753117
See above
>>22753395
You're in an outstanding financial position. Stay stronk
>>22753419
Most states will jew you on cap gains, on top of federal taxes. Expect to pay at least 20-40% for long term and 40-60% on short term iirc
>>22753480
They will learn in time but yeah they need an attitude adjustment.. id suggest studying the mindset of people who've made it.
>>22753486
KEK love the strategy. Good luck fren
>>22753569
See you in a few years pal
>>22754029
12G #4 Buck to the Brain but that is not gonna happen

[Anonymous No.22754698]

>>22754358
>4. You need to practice patience. This is a long journey.
this one is huge. lot's of people chasing pajeet PnD because they think they need to make it NOW. 3-5 years is not a long time to make it, especially if you're under 25. it might seem like a long time but it truly is not. the irony though is you don't realise this until you're 30.

[Anonymous No.22754970]

>>22754698
very based and well said. chasing shitcoins doesnt end well for most.

[Anonymous No.22755622]

>>22753345
This is so true, and we literally just experienced this on a wider scale but smaller timeframe with the free UNI handouts. Look at how many idiots sold immediately because they were too chickenshit to hold onto it for a little longer.

[Anonymous No.22755644]

>>22753885
10 was a typo.
Even if you put it into something as simple as the S&P 500 you'd have an average annual ROI of 15.27% per year over the past 10 years. Add to the average inflation over the same period is 1.54% per year. Since the S&P is passively managed chances are that you'll pay very little capital gains tax and in addition it's not earned income so that knocks off 13%. Ordinary dividends are taxed at regular income tax rates so that would be avg $137,330 which then would be taxed federally at 24% and let us just say 5% state income tax, add standard tax deduction of $12,220 and your taxable income is $125,080. That's $30,019.2 federal and $6,254 state which then leaves you with a $88,807 yearly net earnings per year. A very basic calculation but it gets you in the right ballpark.

TL;DR You're kind of a retard.

[Anonymous No.22755662]

>>22750721
livestream your suicide

[Anonymous No.22755857]

>>22755644
>ROI of 15.27% per year over the past 10 years
lol. only looking at the return during a historic bullrun. conveniently ignoring the 40% drawdown just two years before and the fact that it took 6 years to recover all losses from 2008.
TL;DR you're a huge retard

[Anonymous No.22755958]

>>22755644
your entire calculation is based off the fact that you cash out the interest off the principal which makes your earnings depriciate the longer you live. yes, getting 9% roi yearly for 90k (lol) is livable thats not going to mean shit in 40 since again, you're not compounding the interest.

at least half of that 88k needs to be reinvested if you have any semblance of intelligence, so yearly I might cash out 44k if the stock market has good roi (it won't)

44k a year = about 4k a month. your argument was that this is enough to retire off of, again it isn't when you have mortgage and other expenses to pay

>>22755857
this.

[Anonymous No.22756137]

>pride wont let me take profits

Pride cometh before the fall

[Anonymous No.22756146]

>>22750721
AHHHHHH all these yuge stack and I sit here with only 10k that I bought back in -17 how the fuck can I cope

[Anonymous No.22757248]

>>22756137
>>22756146
you can cope by realizing how much fucking link 10k is. you have a make it stack