/biz/ - Business & Finance

[Anonymous No.28012157]

I've only been in crypto 4 days but it already feels like 4 months. I constantly check my portfolio, my sleep routine is fucked up, and I keep worrying that market can crash at literally any second and all my shitcoins will become worthless in few minutes. How do you guys cope with that feeling? What helps you sleep at night? I know that sell orders are a thing, but is there any other way to secure my funds?

[Anonymous No.28012287]

>>28012157
Please keep your arms and legs inside the ride at all times. Once the ride begins you can never get off

[Anonymous No.28012482]

>>28012157
You ain't seen nothing yet kid.

[Anonymous No.28012621]

>>28012157
nah bro just pretend like you've been scammed by pajeets and forget about your investment. In the event that you do win the crypto lottery, come back in a few years and you're a millionaire.

Just assume that you will lose everything you invested

[Anonymous No.28012682]

they don’t dream about BTC and crypto

[Anonymous No.28012788]

>>28012287
>>28012482
>>28012621
Fuck it, perhaps I should JUST Tether all my funds before sleep every day, at least it will allow me to have somewhat healthy routine

[Anonymous No.28012792]

>>28012157
sounds like you invested more than you can afford to lose anon

[Anonymous No.28012926]

>>28012157
Welcome to crypto.

[Anonymous No.28012940]

>>28012792
I plan to invest 50% of all my savings every month from now on, I know it's risky as fuck but I'm a poorfag so there is no other way for me to make it

[Anonymous No.28013129]

>>28012157
>How do you guys cope with that feeling?
i don't know that feel.
my brain is a fried television after 20 years of internet gore videos.
i see 50% fluctuations and don't even blink.

[Anonymous No.28013161]

Some tips:
>don't trade on a short timespan
>don't get in late
>don't buy at an all-time high unless if you got in right at the start
>don't invest a lot until you learn how to not get scammed

[Anonymous No.28013233]

>>28012157
You don't, I lost 3 years of my life to crypto. Made good money but I literally refreshed biz all day, I fucking hate it here

[Anonymous No.28013333]

>>28012157
try 4 years
its surreal seeing an actual crop of newfags just like I once was
laughing at poorfags whose entire 'portfolios' are equivalent to gas fees

[Anonymous No.28013465]

>ive been in crypto 4 days
>using vintage memes with a beautiful patina on them


Please continue to shake them out, OP. We’re doing what needs to be done. Get these newfags to fucking sell everything.

[Anonymous No.28013517]

>>28013333
It's better than taking out a loan or putting in your life savings and losing everything right away.

[Anonymous No.28013661]

>>28013129
Its the 100% dips after monumental fudding that get me shaky

[Anonymous No.28013692]

>>28012157
Don't invest anything you can't afford to lose. Don't buy into worthless PnD shitcoins. Quit looking at it every 5 minutes, that is the road to emotional ruin.

[Anonymous No.28013723]

>>28012940
Dont. If you cant even handle 4 days you will litteraly kys when your shit dumps 50%+

[Anonymous No.28013755]

>>28012157
kill yourself and go back to your fucking disgusting discord server you pathetic son of a bitch

[Anonymous No.28013799]

>>28012788
prepare the rope next to your bed for when you miss a 50% pump

[Anonymous No.28013842]

>>28012157
yes. and?
get the fuck out of here if you're such a pleb.

[Anonymous No.28013915]

>>28012157
I got into crypto a month ago and think I’ve gotten 7+ hours of sleep only twice. I have bags under my eyes now

[Anonymous No.28013939]

>>28012157
bitch me too the fuck!!!! If you actually BELIEVE in your shitcoin, you must hold that faith to heart and just forget about your money. Set alarms for if it rises or lowers to a certain price if you want to cut your losses/gains, and get off this board (what I am having trouble doing rn)

[Anonymous No.28013955]

It's normal to feel like this. Just remember that this kind of worrying always looks retarded in retrospect. You'll see it for yourself if you stick with it.
Also stay mindful of the scale you're looking at. Oftentimes a graph will look fucking terrible if it's set to a short interval. But then you realize it's "swinging" by half a cent, and if you scale out realize you've been obsessing over half a cent.

[Anonymous No.28014020]

>>28012157
anon are you me? i got into this shit 10 days ago, turned 240 into 330 and now it's 235. so mad. can't sleep. paranoid that I'll buy and sell at the wrong times and manage to do both, fulfilling my fears and ruining my sleep too

[Anonymous No.28014034]

>>28012157
4 days in /biz is /pol on cocaine and I fucking love it let's fucking goooooooooo

[Anonymous No.28014045]

>>28012940
this is the right play, no one got rich by playing it safe.

[Anonymous No.28014079]

>>28013723
>>28013799

[Anonymous No.28014109]

>>28014020
did you forget the k or m after those numbers?
Is this place the fucking kiddy pool now?
Can we go back to Pajeet PnDers?

[Anonymous No.28014160]

>>28012157
I have been all in LINK since 2018 and I sleep like a baby every night. Just go all in BTC/ETH/LINK anon it is very comfy. You have to emotionally detach yourself from the investment during crashes but these 3 have historically always recovered to ATH.

[Anonymous No.28014230]

you will lose money by doing this because the risk of you involving your dumb self in the trade increases the more you look at it. don't look at it. not for at least 6 months. i made money in 2017 trading but i could've been a millionaire if i'd just ignored everything for 6 months.

[Anonymous No.28014267]

>>28014034
^ This x1000

[Anonymous No.28014280]

>>28014109
lmao those are K's you absolute mong. you think I would seethe over 90 lost dollars? play in traffic faggot

[Anonymous No.28014372]

>>28012788
kys retard. quit being a fucking pussy. I bet you have like $1000 in

[Anonymous No.28014445]

I did stocks before crypto, even got into penny stocks at one point for the dopamine rush. Crypto feels absolutely safe in comparison to securities.

[Anonymous No.28014536]

>>28014280
>you think I would seethe over 90 lost dollars?
I mean, it is the absolute state of financial markets right now, so

[Anonymous No.28014613]

>>28014280
then fucking buy uni and get some rest.
It's as if none of you see what's happening or where this is going.
It's getting fucking old.
There has to be a better place to chat and share ideas with people who aren't plebs.

[Anonymous No.28014703]

>>28014445
Interesting so crypto in it's baby steps still real shit will drop when it hits 100% mainstream?

[Anonymous No.28014732]

>>28012157
In order to live, you must be willing to die.

[Anonymous No.28014753]

>>28012788
spread out on 5 exchange hot wallets and set stop limits. there, you protected the downside, can get the upside and diversify (diversity is our strength) in case one exchange is hacked.

[Anonymous No.28014751]

>>28012157
>>28012940
Welcome anon, it's not risky if you buy the right things -btc, Eth, link- but it really takes years of this to get used to it. You're taking your first steps to a better life, congrats anon

[Anonymous No.28014847]

Wake up > /biz/ Crypto > get to work > /biz/ Crypto > do a little work > /biz/ Crypto > go to lunch > /biz/ Crypto > get back from lunch check status of work > /biz/ Crypto > do a little more work > /biz/ Crypto > drive home > /biz/ Crypto > eat dinner > /biz/ Crypto > go to sleep.. rinse and repeat until I make it.

Moonshot potentially happens

My life:

Wake up > /biz/ Crypto > lose it all

[Anonymous No.28014876]

>>28013333
Checked
>>28014034
>>28014267
Anyone else do the /b/ --> /pol/ --> /biz/ arc? Been here since 2007

[Anonymous No.28014886]

>>28012157
you become numb after a few months. I'm down by more money I've ever had in my life today and I feel nothing

[Anonymous No.28014928]

The trick is not to buy shitcoins

[Anonymous No.28014954]

>drops by any%
>scream "IM FINANCIALLY RUINED" every time

[Anonymous No.28015013]

>>28014876
Yup /b > /pol > /biz

We came prepared

[Anonymous No.28015103]

>>28013161
But what's the secret to getting in early fren. Seems impossible to pick apart the new coins on this board until it's too late and it's already pumping.

[Anonymous No.28015123]

>>28012157
>I keep worrying all my shitcoins will become worthless in few minutes.

That's because they ARE worthless

[Anonymous No.28015151]

>also been at this for a few days
>its fun as shit

I haven't made any real money yet but it's fun to watch the graphs and I'm learning a lot, like ETH is shit and why the fuck are its transfer fees on metamask so fucking high oh my god

[Anonymous No.28015152]

By the way how strong biz manipulates the crypto market?

[Anonymous No.28015323]

>>28012157
Don't invest what you're not willing to lose.

Read the sentence a couple of times until you actually understand the meaning it conveys.

[Anonymous No.28015465]

>>28014876
Been onboard since 2010.
/b/ 2010-2014
/pol/ 2014-2018
/biz/ 2018-2021

/biz/ is IMO the most high speed of them all because we are using our fiat. It’s like meth, coke, and heroin all rolled into one. Am I saying it ruined my life? No, I’m just saying that I check it a lot.

[Anonymous No.28015470]

>>28012157
I woke up at 1 o'clock in the morning in a hot sweat because I dreamed that GRT was dumping to zero. I think I am gonna leave this shit alone until september.

[Anonymous No.28015471]

>>28015152
It doesn't, /biz/ is tiny even compared to reddit, but they also don't affect it

[Anonymous No.28015558]

Me too OP, i basically don’t do any work anymore because of crypto but wfh is pretty comfy

[Anonymous No.28015584]

>>28012157
Maybe because you're playing with a literally ticking fucking time bomb with no fundamental basis for its absurdly high value? Why do you think everyone else is 'investing' in crypto? They're doing it to make money and they ONLY do that if people believe it's going to go up. If suddenly people stop believing that it's going to go up then it'll dump. Why do people believe it's either going to go up or down? Literally just general sentiment they see online or how they think the line on the chart is doing. Actual traders who know what they're doing have their portfolio set up so that nothing can destroy them even if it goes to zero, meaning they can sleep at night because they aren't gambling all of their savings. Understand that everyone shilling crypto ALWAYS has a vested interest in that crypto going up and that the only way for that crypto to go up is to get other people into it. Maybe it goes up, maybe it goes down. Nobody knows and nobody can give you a good reason why it should. It's gambling.

No one is here to help you make money.

[Anonymous No.28015607]

>>28012157
Don't invest in shit coins
Only hold 3-4 coins as a newbie
Check only twice a day
Don't panic sell at highs
Always buy the dip

[Anonymous No.28015613]

>>28014876
imagine being on /b/ in 2021 the year of our lord
pol is ok to glance at when something big happens but staying there for any prolonged amount of time will you give you butt aids

[Anonymous No.28015701]

I was just like you. Losing hair tho, trading futures and shitty sleep.

Solution: Stop swinging, just hold solid projects and defi farm, maybe you wont earn as much as playing with leverage but you'll be more healthy.

[Anonymous No.28015858]

>>28014876
went from /b/ to /fit/ to /biz/

[Anonymous No.28016456]

>>28015858
Based

[Anonymous No.28016743]

I remember that feeling when I first started, that euphoria and you can't sleep becasue all you can think of is crypto and all the money you will make.

[Anonymous No.28016769]

>>28015103
Early on in a bull run you can accumulate and check it periodically knowing it won't drop another 60%. Don't bother with ethereum shitcoins, you can easily get trapped with low liquidity and high gas fees.

Diversify into 5 or so coins; defi, DOT/ATOM/AVAX, BTC(store of value), LINK/BAND/maybe GRT, and something you DYOR on and like for example ALGO, FTM, BNT, NU

[Anonymous No.28017374]

Some basic guidlines:
1. Always put in more than you think you can lose. If you think that you can gamble a little more. Put it in. You'll never get to middle class hedging your bets.
2. Diversity diversity diversity. Look for multiracial ethnic and gendered groups of designers. The more Indians and lesbians on a project the better. (Theyre good at tech).
3. Since crypto is decentralized you don't have to pay taxes on it. Don't waste yout time filling out forms when you could be investing.
4. Use a secure line when making transactions, 56/k is safest. Anything higher puts you at risk for having your entire wallet stolen.
5. If it sounds too good to be true, buy it.

[Anonymous No.28017529]

>>28012157
answer is, no. there is nothing in crypto to keep your funds secure. maybe try stocks.

[Anonymous No.28017576]

>>28012788
I have over $53k in my portfolio and I sleep fine. It's fake internet money until you cash out, just think of it that way. You should only be investing what you don't mind losing anyways. Stoicism helps a lot when it comes to trading mindset, for me at least.

[Anonymous No.28017923]

>>28017374
very good advice, i will add
6. Buy any coin that has more than 2 active threads on /biz/, especially if it has lots of custom memes and images for the coin.

rubic will 100x soon, act now or you will never make it

[Anonymous No.28017937]

>>28012157
Easy, move all your shitcoin into btc and wait for 10 years
The market is full of holders, they won’t sell BTC at any price, they won’t fall for stupid fud
Math and decentralization will obviously win against fiat
Fiat already started bleed purchasing power and it’s accelerating at increasing speed
BTC started “quantitative hardening” and it can only go up against fiat

[Anonymous No.28017942]

>>28012940
Also, I invest every take home penny I don't need. About $200 a week after living expenses and taxes. Buying a home this spring so my mortgage payment will be lower than my current rent, that + equity will lead to more invested each week. As long as your portfolio is solid you'll be okay.

I've been in link since 2017 and I still throw money at it. I also have bought REN and GRT a few times, so far they've paid off but I'm still not sold on long term viability for either. They seem neat though and Defi/Web3 is the place to be for altcoins this season

[Anonymous No.28017949]

>>28015471
Then who does? Who are actually the people driving the market? Are there dedicated crypto companies that analyze alts all day?

[Anonymous No.28018116]

>>28012792
Hah no. But the money that once was what I could afford to lose has now grown to way more that I now feel I can't afford to lose.

[Anonymous No.28018535]

It’s really simple bro. Buy high and sell low. Everyone here does it all the time, it’s the cool thing to do.

[Anonymous No.28018937]

>>28012157
Don't gamble more than you can lose man. You shouldn't be losing sleep over investments, this will only bring you misery 99% of the time.