/biz/ - Business & Finance

>>52729605
>Even if you make money in crypto you end up a worst person.
your post was alright until you showed everyone that you're actually just a sore loser and didn't accept shit.

>>52729617
sorry if I hit a nerve but if you think trading and scamming is a good way to live even if you make money then you're the one who has to grow up.

the only way to sleep well at night and to actually guarantee a future for yourself is to become a valuable and skilled person.

crypto offers none of that. at least not unless you're a builder/coder but even then the space is so rotten that if you are a talented builder/coder you're better off earning elsewhere and buying the bitcorn and eth

crypto is the porn of finance and it's perfect for this generation of internet and porn addicts. It's the simulacrum of allocating capital in a productive way. it's a distraction from doing something of value and earning value and instead trying to extract value from other people's mistakes

>>52729605
Curious; when exactly did you get in, what's your net benefit/loss and what were your main holdings?

>>52729639
have fun staying poor

>>52729605
I sold in January and spend just as much if not more time looking at charts now than I did then

>>52729639
Kek your thinking is literally why the Jews are running circles around other races NGMI

>>52729676
all my friends who sold last year cant sleep well these days because this could be the bottom and they dont have the balls to untether

>>52729678
This. Jews don't care and suck goyim dry.
To defeat a Jew you have to learn to think like a Jew.

>>52729664
I put in about $100k of my own money and I now have ~$8k

My first purchase was XRP in mid 2020 but then i learned it was a cult and sold it for eth and BTC. Ironically if I had just hodled XRP i would've been fine and still have close to a 3x

In 2021 I switch to mostly alts, UNI, SOL, LINK, DOT, AVAX, GRT, LUNA, FTT

I panic sold and panic bought 2x during the 2021 capitulations incurring more losses. By 2022 I thought about cashing out everything to pay taxes and just hold cash. I couldn't stomach the losses so I decided to focus on 1 coin. MATIC. TOOK insane losses. capitulated, switched it all to SOL because hey these guys on twitter were bullish. FTX went down. took a 60% loss on SOL. I spent 7 years dreaming of breaking free from wage slavery and I fucked up my chance.

I would've been better off with just a savings account and starting a power washing businesses with a truck and a commercial power washer.

>>52729667
bitcoin is cool but you're delusional if you think it's gonna go a million anytime soon. I bought into the whole thing. Saylor, Kaiser, Saifdean and yea they make good points but they are also highly biased and motivated towards the asset... aren't they?

>>52729692
>>52729678
i have jewish friends in fact one of my best friends told at the peak of the market when I asked him what he would do if he were me... he said

sell everything and buy low income apartments and collect rent. he said having cashflow is much better than holding any non-productive asset.

I laughed. I said "growth" was the new value and that cathie woods was right. I can't even look him in the face these days. I am so ashamed.

why are you blaming bitcoin for your fuck up? you bought alts, got -99% and now you are craying about bitcoin lol. if you still had your 2020 bitcoin, you would be neutral or X3 depending on where you bought.

>>52729713
Well that sucks... sorry anon

>>52729713
Smells like horse shit

>>52729739
your friend doesnt think about you or your loss at all either, you are just believeing your own feelings as they come. you are an "emotional thinker" from what can i gather from these posts

>>52729713
>>52729721
you now understand how a market cycle works.

>>52729740
im not blaming bitcoin but I now understand what it is.

bitcoin is like those doomsday bunkers or farms that multi-millionaires build, or when they learn to fly a helicopter so they can escape.

It's a moonshot escape valve asset. 99.8% are stuck within the system in all circumstances. The only way to thrive is to dominate within the system and be on the winning side of a collapse.

Bitcoin won't put you on the winning side. It will make you stronger PERHAPS if you're already rich and on the winning side of a collapse.

Also you realize 100% of people who have bet against the dollar and the USA hegemony have been rekt since forever, right?

>>52729762
its surreal isnt it? people are saying "bitcoin is dead" left and right.

>>52729774
You still dont understand the game. inflation being slown down doesnt mean it stopped. you remind me of my friends capitulating in 2018, who reappeared in 2021 to buy the pico top, make 100K and get rekt again. they refuse to buyback now. its the same cycle over and over again.

Realistically speaking, bitcoin at 100k is going to look cheap next cycle, because average houses will probably be 1-10M+ in the middle of bumfuck nowhere.

>>52729796
sir do you understand that if the median price of a home is 1M that's a 2.5X from here? do you understand that houses are already 4 times LESS affordable today than 20 years ago?

Are you suggesting that houses will be 10x less affordable in the future? if what you're saying is true than that means the average dentist will be pulling in 1M+ a year.

In that world you're way better off with a cashflow positive highly skilled job or business.... no matter what shitcoin people will work for in the future they will give it to you.

If what you're saying is true everyone on this board should cashout and start a business or get an education immediately

>>52729721
I honestly dont know, I dont listen to talking heads and pundits generally whether its bitcoin or any other topic. I know who all of those people are of course, max kaiser I have learned over the years is a bearish figure to see showing up prominently.

>>52729817
my dude, cash has absolutely no use besides being the most liquid asset that you can use for... wait for it... spend it on other assets. If you dont have income you cant invest. you need to sort your priorities straight and detach your feelings from the trade, be aware that you will not be able to save your way up, you NEED to invest and be exposed to the market otherwise you will always be on the losing side, yes, it sucks you took many Ls, but its up to you to decide, are you going to cry about it or start hustling again? When Mt gox got hacked there are people who left the market and only followed the news, while other just started working again to builf their bitcoin stash. guess who made it this cycle?. americas debt is unsutainable. If they keep these rates next year, then paying the debt YoY is going to be as expensive as running the current worldwide military program. the situation is extremely fucked up in all matters. They will have to eventually lower the rates again and easy up the money printer and allow the inflation. otherwise we might live a dead decade which could potentially be worse in the long term as there are very strong economies out there.

>>52729605
another retarded normie tourist gone

>>52729774
>Also you realize 100% of people who have bet against the dollar and the USA hegemony have been rekt since forever, right?
Decades isn't really "forever" Anon. And it's also unlikely to continue that way for decades more.

>>52729639
based and Baudrillard-pilled

>>52729605
congrats, you managed to escape from crypto death grip.
>the space is so rotten
so true, it needs a huge fucking cleanup. even BTC, which is #1, is useless as shit.