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/biz/ - Business & Finance

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9329959 No.9329959 [Reply] [Original]

/biz/ what the fuck is going on?! I put all my student loans into crypto back in January thinking I was going to wake up a millionaire. Last week, I dumped all my tax returns into crypto thinking there was a bullrun coming and I was at least recovering my losses.
I'm down 60% from January and I will have to sell at a loss in August to pay my tuition if there is anything left to pay my tuition with.
Fuck this shit. Crypto has been the worst decision of my life. There is no bullrun, there is no recovery. You fuckers used me to dump your fucking bags.

>> No.9329969
File: 38 KB, 686x944, 2d7a61ce1d424e99b52a28a58b21916462e69d02f18e1ab50f1c017226b30d2c.jpg [View same] [iqdb] [saucenao] [google]
9329969

>>9329959
KYS

>> No.9329972

Be patient retard

>> No.9329977

>>9329959
t. normie who bought my bags at the top

>> No.9329989

>>9329959
Sell now and buy back in a month from now. This sucker rally is over. We're going to 3k now.

>> No.9330092

>>9329959
Bull run dont start until sep-oct

>> No.9330109

>>9329989
normal /biz/ FUD

>> No.9330152

>>9329989
reminder that most of biz thinks it is funny to fuck other people over. This is why you always do the opposite of what biz says. Others are just brainlets.

>> No.9330171

>>9329989
I'm honestly considering just selling everything at this point. I'm so fucking pissed

>> No.9330174

>>9329959
I have a sure fire chart OP . 1. Did you dyor and not tomo , if not look at step 2. Step 2, did you buy only high market cap meme coins ? If so look at step 3 . Step 3 , did you invest money that youd eventually need , if so look at step 4 .. Step 4 , your fucking retarded . now aslong as you can stay out of step 4 you should be good OP .

>> No.9330205

>>9330174
Well I'm fucking retarded. What now?

>> No.9330241

>>9329959
Who knows?
You entered too late newfag

>> No.9330243

>>9330205
hold your bags like a god damn man

>> No.9330258

>>9329959
>loans
>buying crypto
stay poor

>> No.9330336

>>9330205
You seem like a bro for actually replying . I can tell you what I plan on doing if you can post pic of hand with timestamp .its not a guarantee and its risky if I'm being honest since in gonna use money I can afford to lose . but if it works its goijg to be a 20-50x moonshot in a year or so

>> No.9330360

>>9330336
I'm not rich by the way . but I doubled my investment and havent lost money in crypto even though I came in January so I think I'm better off then most .

>> No.9330787

futires expire today fucktard

>> No.9330844

>>9329959

I'll let you in on a little secret, we'll not so little if you actually know what to look for, but this is just the beginning. Do you relaize how insignificant 400 billion dollars is in the global market? It's fucking peanuts. Financial institutions are racing to be the top dog in crypto. It may not be this year, or even the next, but it is coming.

>> No.9330888
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9330888

>> No.9330960

>>9329959
I'm pretty sure at this point that the student loan cycle is tied to the bull and bear run cycles. Now that student loans are done, and tax returns are done, there will be a good pump. Only the whales will benefit cause the rest of us have no money to put in. When students can put their loans in again, guess what will happen? Fucking crash, and the whale will snatch up all that money.

>> No.9331033

>>9330960
Yea if you play with high market cap coins . play the long game with low market cap coins and only the /b/ tards benifit while the normies fill our pockets

>> No.9331062

Why would you think anything other than a continuation of the downward trend?

Interest is down month on month, there is no hype.

We're going back to pre hype prices, another bull run would need mass interest again, you think all those who got burnt in Jan and Feb are going to back for more? Nope.

>> No.9331091
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9331091

>>9329959
>I put all my student loans into crypto back
Kid that's why y will never be rich with crypto. Only invest what y willing to loose and dont fell for the all in to get rich later. You will only get rekt if y invest your whole fortune atm into this retarded market or any things out there. Not everyone is a lucky one.

>> No.9331099

Op will sell his bags to pay for tuition and BTC will immediately moon. OP will be do distraught he will fail out of school and become a miserable piece of scum.

>> No.9331136

>>9330152
If most of biz likes to fuck people over, then why are most of the posts saying the bull run is coming?

>> No.9331163

>>9331136
>most of the posts saying the bull run is coming
Y just answered it yourself

>> No.9331205

>>9331136
Because it's not coming? Biz likes to fuck people over, after all...

>> No.9331249

>>9329959
ur fucking retarded i dumped 60k into BAT when market dipped down to 260 bill range, im gonna hold for a year to offset my tax (cause i work as an electrical tradesmen because i live in the real world), im sick of the entitled people on this board thinking they can become millionaires within such a short time span while sitting on thier arse and working at mcdonalds part time, grow the fuck up

>> No.9331255

>>9331205
Its actually coming . the news cant keep it forever . rumor has it elon musk is going to get into crypto ,who knows what coin or why ,maybe his own . but the attention to crypto will pull us all into a bull run

>> No.9331282
File: 56 KB, 1427x668, BTC long term perspective.png [View same] [iqdb] [saucenao] [google]
9331282

>>9330205
>>9330171
>>9329959

>> No.9331289

>>9331255
Keep believing that, brainlet. As long as everyone’s not looking to cash out the music can keep playing and people can be satisfied with their unrealized gains.

>> No.9331324
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9331324

ITT:
Angry kids that want to make millions and Lambos with $2k but are not willing to lose $500.

>> No.9331326
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9331326

>>9331282
Y can draw both uptrend and downtrend line on any chart if y zoom in or out enough

>> No.9331327
File: 55 KB, 1442x695, BTC going below 5000.png [View same] [iqdb] [saucenao] [google]
9331327

>>9329959
>>9330171
>>9330205
>>9331282

and the shorter term

>> No.9331351

>>9330152
Yeah but btc is going to tank hard. There are some gems of truth on this board sometimes...

>> No.9331429
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9331429

>>9331326
I'm so sorry to hear you (pic related) were born with a brain disability which resulted in below retard level IQ. It must've been painful for you to experience everyone around you developing their higher mental abilities normally and being able to live normal lives, while you were stuck with the mind of a baby. Hopefully you have the emotional support you need.

>> No.9331605

>>9331289
But the whales are cashing out the 10% from theyre earnings every week retard. Its just stupid normies who keep theyre money in . I bet you think holding a good idea .

>> No.9331616

>>9329972
This. It's the first week of May

>> No.9331688

>>9331605
No, i never thought any of this shit was a good idea. Everyone sending money to some chink’s exchange to fiddle with numbers on their website and get some numbers on a distributed database is down money until they can find a new sucker to cash them out. You’d have to be a complete get-rich-quick brainlet to buy in. Or an even greater brainlet who thinks they’re smart and can get out before the music stops and get rich quick at the expense of other brainlets.

>> No.9332422

>>9329959
>dumped all my tax returns into crypto
the saddest thing I heard for a long time kek

>> No.9332431

>>9330171
Why are you pissed? You made the most retarded mistake ever, all by yourself.

Stop blaming others you resentful idiot.

Educate yourself on money, or you will end up poor no matter how much you earn.

>> No.9333045

>>9331616
It's the second week.

>> No.9333231

>>9330205
This game is clearly too stressful for you

>> No.9333313

>>9329959
Dont blame others for your poor decisions OP.
Rule #1- Only invest what you can afford to lose. If my portfolio went to zero overnight.. Id be annoyed but it wouldn't change my life for the worse.
I see crypto investment this way... blockchain gets widespread adoption, in turn taking large sum of institutional money from other areas and making us early adopters rich, if we can hold out.
Putting loaned money that need to be paid back within a fixed time frame does not work in a volatile market like crypto.

>> No.9333340

Just wait til Monday boys. Selling before the biggest crypto conference of the year may be the worst move you can do. If you really want to cash out, wait til this thing is over. Goes on next week Mon-Wed

https://www.google.com/amp/s/crypto-lines.com/2018/05/08/bitcoin-is-set-to-rally-due-to-the-upcoming-consensus-meeting/amp/

>> No.9333345

>>9329959
I-it’s mooning time!

>> No.9333361

>>9329989
Yeah sell right before consensus!
Market cap will be over 700 bill in a month. Sell bottom, fomo top! Good one biz

>> No.9333385

>>9331136
Blind optimism.