/biz/ - Business & Finance

[Anonymous No.9903075]

I've been in this market for over 8 months now and I haven't made a fucking penny. A PENNY. I "bought the dip" all the way fom 12k to fucking 7k. I spent the last three grand from my checking account at 7.2k.

This crash has been hurting my self esteem, I hardly want to get out of bed in the morning, knowing its another day of being down in the fucking boondock dumps. I've become irritable and cynical, I'm snapping at people at work. I'm getting weird looks. I have no motivation to shower or shave my neckbeard. It's getting rough, food doesn't taste good to me anymore. Vidya doesnt hold my attention for more than 5 minutes. The stress is wrecking havoc on me. Going to the gym seems pointless. I have no money to buy new clothes, I'm wearing the same shit for years. My relationships with my family and friends is in the shit, I just spend my days locked in my dark damp room.

Life was better before I got into crypto. I was happier, cynical for the political world but at least I wasn't stressed. Then I stumbled on /biz/ and fell for all the memes, and I got fucked over big time. everything is grey now

[Anonymous No.9903099]

also post your suicidal wojaks

[Anonymous No.9903108]

>>9903075

People said the same thing in 2008, and are now wealthy as fuck after putting everything they had on the stock market.

[Anonymous No.9903130]

[Anonymous No.9903139]

[Anonymous No.9903158]

[Anonymous No.9903170]

are we in acceptance stage yet?

[Anonymous No.9903172]

why do I suck at trading

[Anonymous No.9903191]

[Anonymous No.9903192]

>>9903075
OP u should start volunteering around u, do anything u can to help ur fellow man.

It helped me. Good luck fren

[Anonymous No.9903195]

>>9903075
I'm here to motivate you. Ready?
There's a saying: if you do what other people are doing you will have what other people are having.
Now think about all the retards and morons that bought high in december and sold low. You too bought semi-high, but at least you had the presence of mind to dollar-cost average down. You did better than 99.9% of the people.
Now think about another thing people are doing: selling when things get hard. Do you have any idea how many people got shaken out by whales and lost their chance of becoming millionaires? Whatever you do, do not get shaken out. This is your final test. If you manage to not get shaken out, you will be rewarded (assuming you didn't buy complete shitcoins).

[Anonymous No.9903222]

>>9903195
>you will be rewarded

but whats the fucking point.. If I bought REQ at $1 and REQ 10x's, I will simply have my money back minus some fees... how is that a reward... I wouldve been better off buying the NASDAQ at the january high

[Anonymous No.9903247]

[Anonymous No.9903251]

[Anonymous No.9903301]

>>9903195
nah he is never gonna make it, that little bear market is already destroying his mind and killing him, the regret is driving him crazy and now imagine another 12 months of bear market and testing lows as low as 4k.
this guy either cuts his losses or kills himself, but in any possible scenario he didn't make it.

[Anonymous No.9903326]

>>9903301
>little bear market
>little
>down 60 overall
>down 90% on some investments (cough LINK cough)

[Anonymous No.9903355]

>>9903326
many TA wizards warn about price as low as 4k, or better said there are more possible scenarios in which BTC goes bearish than bullish, there is simply no reverse in sight and it can take several years from here.

>down 90% on some investments
you better cut your losses because this is going much deeper, you can most likely buy back more coins at a cheaper market. tether up and then just wait.

[Anonymous No.9903368]

>>9903355
*at a cheaper market price.

[Anonymous No.9903409]

>>9903301
damn right in the feels
we are the gold miners of the 21st century tough. back in day they also left everything sold everything the got left everything behind only to pursue their dream. they also probably got told that this is the dumbest decision ever and of course a lot of them failed but they actually took risks and not like today everyone playing it safe all the time. even tough we are not early adopters in the end the ones gonna make it like the guy who posted some weeks ago - selling everything and living in the car and putting all his salary in crypto...

[Anonymous No.9903426]

>>9903075
Buy the dip

[Anonymous No.9903449]

>>9903326
keep adding to your position
this is a test of your confidence, not only in the technology, but societies future use of it. can you imagine buying a car from a stranger for bitcoin? i can. fairly easy to imagine. he or she even saves the income tax and has an asset nobody can (((civil forfeiture)))

[Anonymous No.9903470]

>>9903449
you sound like youre 40 and actually have no idea about all this

[Anonymous No.9903479]

>>9903075

[Anonymous No.9903506]

>>9903075
greets
Don't let it fuck with you that much, i bought in december
Altho i put in half my life savings... not all kek

btw this is a semi bullish sign

[Anonymous No.9903523]

>>9903326
This. You bought high, now it's time to sell low.

[Anonymous No.9903525]

>>9903355
not that easy bud
>tethers
>its doomed , may as well. I'll just buy the dip
>starts to pump, goes up 1k +
>You are now in tether and have to buy back in yielding less btc and less alts
>kills self

[Anonymous No.9903553]

>>9903355
>tether up and then just wait
Till tether exit scum finally. Top kek.

[Anonymous No.9903558]

>>9903409
and not everyone made it, only the most hardcore motherfuckers survived and thrived in this, same is here happening.
many many more people like the OP will get burned, they will always buy high and sell low, they will always pick the worst possible entry into the market, they will always self sabotage themselves and waste their Lifetime chasing promising bets, its gambling what they do, similar to a guy randomly digging for gold in the desert while everyone with a brain knew where he had to look.
his life will spiral out of control, depression engulfed him and he can't think with reason, its only a matter of time until he gives up, how many more lows can he endure? how much more money can he invest? how much more can he bear staring at the red dildo punching through the paperthin resistance at 3k, imagine the absolute worst scenario that BTC goes back to 1k, can he endure it? when he buys the dip and it dips some more towards 950, will he finally sell?
Its easy to tell from his whining that he is already finished, 8 months and he burned out.

[Anonymous No.9903595]

>>9903470
im 27 but youre right, i have no idea about "all of this"
do you?

[Anonymous No.9903621]

>>9903553
there is 3 different tethers in the market, you could split up if you are really THAT paranoid, you could also always leave some coins in your wallet and just hodl.
there is many ways to play the market.

>>9903525
what goes up always goes down, then you buy high again and it dips again afterwards. you have to know what you are doing or you end up JUSTed like the OP, don't be like him.

[Anonymous No.9903637]

>>9903449
I have no fiat left.. this is the end of the road for me

[Anonymous No.9903661]

>>9903637
ive made the plan to save 50% and put it in crypto for 2018. its good if price stays low. im a student, and what i can manage a year is about 6-20k eur a year, depends on how much i bust my ass. im either insane, or lucky
i just cant imagine a world in 2028 without a non fiat world reserve currency.

[Anonymous No.9903682]

Just give me your coins for a while, anon, while you forget about all this shit and do something meaningful.
I will use them to buy you a lambo when the time is right.

[Anonymous No.9903712]

>>9903637
I put fresh FIAT 1 week in ago. sold my moped for this. already only worth 60% now. it just kills me inside. crypto literally burns my money/ value that could be used for something in the real world. but in the end i am just a KHV neet who literally has no expenses/ no other use for the money

[Anonymous No.9903751]

>>9903712
keep buying, i know it takes balls, but just fucking do it
do you realy want to hold usd?

[Anonymous No.9903758]

>>9903712
don't look at it for a while and try to learn some TA so you don't buy high again.

>>9903661
thats a good plan

>>9903637
just sell and never look back, no shame in giving up to preserve the own mental health.

[Anonymous No.9903823]

>>9903355
What are TA wizards

[Anonymous No.9903864]

>>9903823
the most experienced traders who make technical analysis, they try to predict possible scenarios by looking at many different indicators.
most of the time they are not wrong.

[Anonymous No.9903883]

>>9903823
>He's not going to make it

[Anonymous No.9904025]

>>9903409
That is an excellent analogy, and you should learn from it. Only two kinds of people made money from the gold rush: the people who got in at the very beginning, and the ones selling you the tools. (Well, and prostitutes too if you want to talk about the "service" industry that sprang up).

You people are getting taken for a ride by the exchanges and you don't even realize it.

[Anonymous No.9904043]

>>9903075
are you retarded? what do you have your money in?

[Anonymous No.9904085]

>>9903864
>most of the time they are not wrong.
yes they are. if they had any skill they would be making millions off of trading instead of selling newsletters and relying on youtube advertising money.

[Anonymous No.9904087]

>>9903883
Why do I need to know about ta in crypto

[Anonymous No.9904150]

>>9904043
req
omg
link
elix

bagholding every single one

[Anonymous No.9904156]

>>9904025
I actually have this one project swerving in my head for week now, that basically is the equivilent of ''selling you the tools''. It is brilliant ,solves a problem in crypto and also could me bring me atleast 50% of adsense like coinmarketcap.com. They are in the TOP 300 websites in the U.S. alone. Already saved a clean sounding,short and well fitting .com domain, teached myself HTML and CSS but I just know that I wont be solving the problem that I had since day one and complete the project. It is just something I can not influence in any way..

[Anonymous No.9904164]

>>9903075
You bought the wrong dip. You should buy this dip.

[Anonymous No.9904177]

>>9903108
But stocks have inherent value. Crypto does not.

[Anonymous No.9904183]

cost-averaging dude

[Anonymous No.9904206]

>>9903172
>Trading
... why trade? Why can't you just fucking let your investment grow instead of touching it with your dirty hands again and again.

[Anonymous No.9904215]

>>9903075
you have to pay the toll fellow anon. i bought at 700 then 900 then 1100 and watched it all come tumbling down to a low of 150.00 and just stay at around 300 for a very, very long time before i made it. now i made it. the difference between those who make and those who dont is whether you can handle your emotions

[Anonymous No.9904233]

>>9903192
i like this strategy. i like "born to fren"

[Anonymous No.9904247]

>>9904164
>this is the real dip

[Anonymous No.9904253]

>>9904177

Having worked for a top 100 publicly traded company, I can tell you that neither do stocks. Everything is manipulated to ensure the board is pleased and shareholders are satisfied. Whether or not the company actually achieved the required 40% in a certain metric didn't actually matter. 40% was put in the books. Everyone in management knew that this was the understanding. This is true for every publicly traded company I have worked for.

Crypto has the same inherent value as company stock, they are just far more volatile due to the relatively small amount of participants in the market.

[Anonymous No.9904281]

>>9904215
>implying that scenario will happen again
>implying no 5 year bear market

[Anonymous No.9904298]

>>9904183
>OP clearly stated he put the last of his bank account into crypto
>lol just buy more bro!

[Anonymous No.9904364]

>>9904085
it's not black and white. there are traders that make good TA and then there are people that are not even trader that do shit TA. And of course everything in between. however, I guess I agree with you for the most part as most prominent crypto TA people have no clue what they are talking about. they learned TA in a multiple year long bull market. as a quick rule I'd recommend to discard every analyst that uses elliot waves for example.

[Anonymous No.9904408]

>>9904364
I didn't mean "popular" TA people when I talked about TA wizards.

[Anonymous No.9904489]

>>9904408
fair enough, let's recommend OP some good people then. I personally like peter brandt. lots of experience and knows what he's talking about.

[Anonymous No.9904491]

Do fuckin mining u morons. Since ive started mining using dedicated vps i didnt do a single bad trade. I dont trade, i wait, i can study market, i can learn, i get imto codding. Make some fuckin efforts u cunts

[Anonymous No.9904519]

>>9903075
I recommend you to look into stoicism if you want to learn some philosophy. I probably get this all wrong, but I think the main thing that could help you is to not worry about things that you can't influence. the market goes up and down, there is nothing you can do to change that. you have to accept it and then make the best of it.

[Anonymous No.9904584]

you know, i've never even bought crypto but as an investor threads like this actually make me interested in buying now. it may not be the absolute bottom but i don't think i'd regret buying now.

[Anonymous No.9904661]

>>9904584
fuck off nigger

[Anonymous No.9905724]

>>9904584
this guy fucks

[Anonymous No.9906014]

>>9904584
wait longer we are going to 4k

[Anonymous No.9906030]

>>9904491
any links to information

[Anonymous No.9906071]

>>9903621
>there is 3 different tethers in the market

whaaa?

[Anonymous No.9906104]

>>9903075
Did you buy LINK?

[Anonymous No.9906132]

>>9906104
yes, average at $0.72

tell me again that it was a good idea

[Anonymous No.9906157]

>>9903075
All you had to do was sell in December. It's your own fault. You were too greedy. Let me give you a piece of advice if you wanna make some profit. Just hold it. Long term investments reign supreme. Just sell it when you think you've earned enough. My threshold is 10k profit. It's not much, but it's reasonable

[Anonymous No.9906239]

>haven't made a penny yet
Here's a tip. Never sell at a loss, ever, no matter what, even if you're 60% down. Don't by anything with less than $10 million volume even something that is "really good". Make sure it is absolutely safe, get a good bot like cryptohopper and setup triggers to turn on/off based on the state of BTC, use good singals and config and never let it sell at a loss. -60% sounds horrendous but in such a volatile market it's not even that bad as long as it isn't complete shit. It's not hard stop being a retard.

[Anonymous No.9906255]

>>9906071
I'm aware of usdt, tusd, that ethereum thing and that gold thing. there are probably a few more.

[Photography No.9906295]

>>9903075
Just keep holding. A lot of people were like you when bitcoin from 1k to $200. Forget about crypto and keep holding on.
I was suicidal too but then 2017 happen and new influx of money came in

[Anonymous No.9906296]

and this is why you watch chris dunn on youtube

and also why you don't take advice from random people over the internet who have no clue what they're talking about either

but if ur in crypto at this stage, you'll be in the clouds overtime anyways, short term loss doesnt mean shite

[Anonymous No.9906323]

The average millenial has less than $1000 in savings and over $10,000 in debts, if those cattle can manage to not feel bad about their situation you can learn to feel good about yours. Just hang in there.

[Anonymous No.9906328]

Can anyone back up the 4k meme?

[Anonymous No.9906778]

>>9903075
Anon, I’m in the same boat but I’m happy. Why? Because I invested what I can afford to lose, I’m young, and Im confident about the future of platforms I’ve invested. What happened, did you buy a chink token?

[Anonymous No.9906962]

Same position,

I first bought some bitcoin in late October and kind of forgot about it. December happened and I was excited. January dip I started buying some more and the same in February, March, April, May, and June. I have done nothing but consistently lose money no matter what dip I bought in. Feb and April 6th dips included. I managed to buy 1 really expensive bitcoin but because I did I am now waiting for low prices 5k and under if we get to 1k again I will buy 5 of these fucks. I have no reason to add to my position unless we go on super sale. I also Hodl like 1500 xrp and 1000 ADA, 1 ethereum, .25btrash, and various amount of Nano and XLM. The universe hates me, and if I sell I know it will go up, and this way I take all you autistic fucks down with me buy hodling the top coins forever.

[Anonymous No.9907162]

>>9904177
>stocks have inherent value

The absolute state. Biggest meme 2018