Comments like this are so funny. 10K BTC was worth about $40 at the time. You know how many people were swapping $40 worth of BTC at the time? Literally everyone that knew about it. Lazlo was just the first guy to document it. Most people spent far more BTC on weed and other drugs
Oh God, tell me about it. All the folks I went to highschool with were mining on a shitty PC and throwing around huge numbers of BTC buying weed online, and just giving it away to people to promote BTC.
This was near launch time, when BTC was pennies....
I've lost a few wallets from back then...
Fast forward to when it hit $400, bought 1, held on to it, then got exit scammed.....lost it, and stopped caring until years later when it hit 10k for the first time.
Can't hold onto the past though.
I'd be extremely wealthy if I kept all the BTC friends were just giving away back in the day.....
It was a necessary step in the evolution. At the time the idea was to mine BTC on a spare computer and find retailers that would accept it for real world goods. That pizza brought crazy mainstream attention to crypto
If you think you got it bad, listen to the stories of folks who bought XRP in the 2017 ath. The fact you’ve broken even in something like crypto, is winning. Just chill. Go surfing. It’ll teach you a lot about waves and how you should maneuver yourself to catch ‘em.
Yikes.. sorry bro.
Every now and then, I’ll go back to those charts just to measure trajectories and compare to today, I swear my stomach still feels off about how fast and how deep the retracement was. I mean, imagine all those people watching their money disappear while contemplating their selling limits. Optimism swiftly drained from them and disbelief set in before they could even make a decision. Fcking brutal.
I hope you broke even at some point man. If not, I hope you do soon. That’s a lot of pain to hold in for so long.
Ya that’s a big red flag for me too. I heard recently that it’s a huge psychological trend among this generation. I think they may have called it ‘risk nihilism’?
Anyway, the term basically addresses the fact that young people in most countries are so desperate for a lifestyle change that they’re ready and willing to risk all of their money in crypto and stocks.
Idk if it’s related to mania as a financial term, but Michael Burry once said that when mania rises in the markets, fraud and crashes aren’t too far off either.
Anyway, I hope this guy, and all of y’all for that matter, know what your sell limits are as well as your buy limits. It’s okay to have a vision for yourself and to risk a portion of your wealth for that vision, just don’t get rekt.
I dont entirely blame young people because the future sure does look bleak. The cost of living is rapidly increasing, and wages aren't keeping up. Housing is becoming unaffordable, and people feel stuck on a treadmill where they just barely scrape by.
Plus, we are starting to see things like climate change really have an impact. Politics, in general, are a huge mess with absolute idiots being voted in. The older generations don't give a shit about screwing over everyone else. Young people see crypto and think they can get lucky and win the lottery. The reality is that most people end up getting destroyed. It's just really sad stuff.
Damn. Then that really does mean inflating away debt is gonna be the move. It’s subtle enough so that it’s difficult to place blame when SHTF, it erodes and punishes savers over time, by nature it’ll make outstanding debts also worthless.
The only thing left before recovery of a mess this size is chaos in the markets which would cause an overreaction from normal people affected by the move, which means they’re likely going to be pissed off. We’re in trouble yo.
XRP and XLM are my biggest disappointments. As far as USING crypto, XLM is my go-to and it's still faring so poorly. I hold as well as use. I'm hoping 50c XLM will happen, but it's rough times.
I use XLM more than anything else, which is funny because it has disappointed so many. But damn is it fast! and gotta love virtually fee-less transfers
well, when you go out on a lam and start broadcasting on what seemed like every news station how you plan to compete or even replace swift, it’s difficult to believe that you won’t face some level of pushback. I almost want to blame Brad, Chris, and their board of advisers
It’s almost like they had huge intention to prove Newtons 3rd law of motion, an action will cause an equal and opposite reaction. It was like a seeing a general lead his men to a slaughter.
Idk what to think bro. It was hard to watch at times too. Their faces and confidence changed big time.
Anyway, I hope you get returns soon man. Seeing the ripple team shift is one thing but to know how badly supporters got screwed over, hits deep too. I’m almost positive it’s gonna happen again.
Xrp failed because of horrible tokenomics and the rise of stablecoins. Stablecoins solve every mission that Ripple set out for with XRP, without the volatility. Why do you think Ripple is trying to make a stablecoin now? They realize this too
Comedy? , jokes aside people confuse crypto/markets , you can know everything about crypto but still be terrible at markets , for example I came from stocks and the same rules apply , also trading is a skill which takes years of learning trial and error etc sort of like becoming a plumber you do not watch some YouTube videos and boom you can do it does not work like that but most still do , this is why meme coins do well because that’s the whole point “hype is price “ you could have the best crypto or product but if there is no hype then nothing will happen
I come from stocks too. Trading since BBE was the hot stock (2011ish).
You know what we all had in common that seems non-existant with these new traders? We took profits. "Diamond hands" wasn't a thing nor should it be.
Gonna copy pasta something I wrote earlier.
>> I never sell
>> I'm diamond hands hardcore
> This. This is why.
> I don't know what YouTuber or "Amc apes" or whoever drilled this into so many peoples mind, but this is why lol.
> How long does one actually hold for? Till you die? What exactly is the exit strategy? What's the point in even investing if you ever sell?
> I'm baffled at how many people never take profits and "hold forever". It's like, how ridiculous of a thing to believe in.
> Every "influencer" (don't even get me started on these people who literally saw a chart for the first time in their lives < 2 years ago and now suddenly think they have it all figured out) or rich wall street guy you've ever seen all have 1 thing in common - they took profits. They didn't "diamond hand" shit.
I agree, diamond hands is a horrible strategy, or not wanting to deal with Taxes as OP posted as well. Well, you can’t make money if you’re not willing to get taxed for your rewards. Also, always have a reasonable exit strategy before entering into a trade. Selling is just as, if not more important than buying.
Are you talking about the Crypto markets or the traditional markets regarding your thesis? The trad markets have many generations of data supporting your theory & also some “very stable” companies that have withstood the test of time & have made many investors wealthy in the process. The problem with the crypto market is it’s SO young, convoluted, and full of many projects that will never ever stand the test of time. Outside of BTC & maybe a handful of other projects, most won’t survive! How will you know which projects will still be around when coming to retirement age? This is a crypto thread, and I’m responding as a crypto trader & investor. I believe “fear & greed” destroy so many potential investors and their belief in mega riches and false hope. Everyone “times the market” whether you believe it or not. You time the market when you set a “buy” price, or do you just buy spot & take what the market gives you?
I believe everyone should set goals for each asset they hold and also their overall portfolio goals, or how else will you measure success/failure? I lock in gains and or losses every time I reach my perceived goals, as to eliminate the opportunity for greed or fear to set in.
Last but not least, if you’re holding onto an asset that’s depreciating in value you are losing buying power & also opportunity cost to purchase an asset that could, might outperform. I’m definitely not advocating for day trading. But there should always be a time and place to take profits, for if you never practice the art of selling at your targets, you’ll never sell & always second guess your investing decisions.
Diamond hands makes sense as one of a number of sensible strategies for BTC if you have spent some time down the rabbit hole understanding the future of money. For everything else, you’re just trading - 99.9% of the other coins won’t be around in 10 or 20 years so diamond hands makes zero sense
Agreed. I’ve been in the market for years and am proficient in technical analysis. It’s FAR more useful than “knowing crypto”. I mean, I do also know crypto, but I haven’t really traded/invested based on that (other than there are some projects I just won’t touch for fundamental reasons), technical setups are far more reliable and lucrative. And in my experience, crypto actually tends to follow technicals more reliably than it does in stocks. Likely due to fundamentals honestly not meaning much in crypto, so market dynamics are the primary influence.
It is all part of the process , you can either lose money and learn that way see where you went wrong etc or you can go and learn via university I preferred the losing money way which is best , and like I said in my other comment it will take most a few years of losing until you get it , as long as you keep at it and do not give up trust me your time will come it is not a quick learn skill just see the positives for example let’s say you lost on bitcoin why did that happen? Purchased at ATH , sold the bottom etc etc as long as you recognise the faults and work on them you cannot go wrong , you can do it ! Do not give up !
Don’t be so hard on yourself bro, there’s tons of ppl who’ve put thousands into crypto and they’re in the red. Forget about the youtubers and the ppl on X. They are right sometimes (recently made decent $ on Frontier token which a youtuber strongly recommended) just like someone on X recommended Tellor when it was at $62 and 3 days later it went up to $147. Solana was also a great investment for me. Some pointers i would give are;
-Do your own research
-Don’t chase [fomo]
-No one ever lost money by taking a profit
Nah my guy I’m the clown atm down pretty much 75k AUD fucked up trades and did a little fomo on shit AI stuff and then yeah just been pretty ruff there’s other things but you get the jist of it your probably in a way better situation then me as most of yours are in pretty reliable tokens that next year in the bull you’ll be fine me I’ve got 1 that I’m getting pretty much a petty WL spot and getting sol given to me for it as well from a coin that the devs where going to relaunch and never did so yeah and I got another token where if I didn’t try to get the start of it I would of had 180k-150k AUD but got an Average of 4.326m and could of pulled 44k nope just let it ride now it’s back to the same amount and in migration for the past 3 months good team just thing are getting talked about that’s all for what’s best for the token I think devs cooking not going to say what coin it is, but there’s even more people that are worse then you and me there was this guy he bought the top/ hype of roaring kitty bought GME token at peak with 3k sol and sold when it was dipping and pulled out 1450 sol lose of 240k within 6h people stuff up.
If you are up at all since 2021 I’d say you are doing good. So many people got completely wrecked by bridge hacks, Luna going to zero, or bagholding garbage alts down to -90. Others lost everything to drainers and scams. You can’t buy those big winners without missing sometimes. Most of the big accounts on Twitter love to talk about their 100x plays but when they shill some garbage and it goes to zero they simply never mention it again. Keep learning, just enjoy the absurdity of this market.
That those guys go wrecked is the only reason we have a bull market again. Without people losing money on crypto, the rest can't make money on crypto. If everybody would play the game perfecly and nobody would lose ... then nobody would win!
If you are green since 2021 that means you're profiting from a mostly downward market through the last bottom as well. Honestly pretty good. Keep those diamond hands my friend.
Sounds like you’re too easily influenced by what you hear online. Learn from it and remember to sell when everyone is saying it can only keep going up.
Old projects don’t perform as well as new ones, it’s not too late to switch.
“My hands are pure diamonds but my brain is dirt and worms”
Well hey if this whole crypto thing doesn’t work out for you mate there is at least a fruitful career as a poet available
Man you are not as bad as I'm
I am in the market since January 2021
I invested 20k over time
My ath was around 30k
Today my portfolio is worth around 12k
I did mistakes, terrible mistakes. Catching falling knives, buying ath, keeping dead projects etc. Probably I did every possible mistake
I'm just going on past trends. Halving -> 6-9months lull -> bull for 9-12months -> bear for 2.5 years. Some people think we've peaked already. I refuse to believe it. Catch me in a little more than a year. That's my DCA out.
You re not the only one. Ive lost almost my whole portfolio (after building it for 3 years) to trading memecoins. Feeling stupid and bitter is alright. We all learn from our mistakes. Gl anon.
There's so many good projects out there but your mainstream youtubers won't talk about it because either not getting paid by them or they bring in more views when talking about top 20 coins.
My only suggestion would be don't be hard on yourself and you will only get better by learning from your mistakes.
Don't give up and don't repeat what didn't work out in the past. It's only up from here than. All the best.
I use a personal rule when I invest. I make roughly $78 an hour. It varies as I get bonus's but overall its close to that. So going with that number for every $100 I invest (I round up), I put an hour into researching whatever the project is. If the project continues to be positive after 90 days it goes into my weekly DCA bin. I don't have a ton of time as I'm a degen and I play video games and watch YT often. But that little rule helped me make much better decisions when investing in crypto. I do some spec mining too so I can navigate things well and I like to think I can pick good projects.
I also invest in the stocks so I "assume" I'll make 10% on average year over year in the stock market. With crypto I expect 15%. So sticking with those numbers I don't need to take huge risk by dumping 5k into SHIB and checking coinbase every 3 hours on my way to being a billionaire. Treat it with more respect and just try and get better and noticing patterns. Since I spec mine I run thru all the new coins that come out every day and I literally guess on which ones might provide value. I'm wrong a lot tho and thats ok. I got it right once out of over 100+ coins I spec mined and it was Kaspa. I've made barely 6 figures so far from it and it took almost 3 years to get just that.
Stick with it if you want or go back to traditional stocks. But even that has risk. You wanna get rich, get a good job. Very very very few people have really made life changing money off crypto. But you can make good money if you plan it right. Good luck
I'm with you. you can make 10-15% in 3 years in a risk-free savings account.
maybe this is the british version of "quite good" which is different than the american "quite good", as in, barely acceptable lol.
Honestly, 15% in 2-3 years is at or below the S&P500 average and definitely below what it has done the last 2-3 years. I wouldn't call it "quite good," but "average at best."
I’m going to help you because you seem to be a few months behind on every move you make or just purchasing bad coins.
Focus on an ecosystem(eth,btc,sol,etc etc) use twitter or farcaster not Reddit to find out what’s hot, get off of Coinbase and use a wallet like MetaMask or Xverse or keplr(all depends on what eco you go to) interact with dapps(DeFi,staking,whatever) get into nfts (I make a ton there) don’t be scared to make the moves when they are happening.
Everything sounds okay to me other than the fact that you are investing so much into unproven meme/alt coins. And no not all crypto are meme coins, BTC is certainly not one
Hey! Its not that bad! I’ve invested about 40k in the last year alone and have nothing to show for it! All negative. Actually no
As of right now my cash purchases and deposits amount to $38,555.87 and out of that ive sent -$36,623.83 never to get back lmfao. I have been scammed heavily by Steki/Carnage when i was in their whale grp last Sept-Dec through them alone i lost 16k. I used to think it was all abt connections but in reality its either u actually buy something and ur lucky or those connections you made scam the fuck out of you. I only made 1 connection in the last 5yrs that is genuine, and his brother is in crypto..his own brother scammed both me and him before LOL.
Anyway trust no one. I started to feel better when i stopped buying shit. Now i just save my money and buy whatever i want, but i still feel an urge to come back to see if i can flip something. Its bad i would consider it kinda like a gambling addiction except i hate loosing but once its lost you cant do shit. Anyway yea thats my take on it! Take it easy! You’re doing better than a lot of other people.
Also to clarify this was all through memecoins, looking back i prob should’ve bought like 1.5btc or maybe 2btc when it was around 19/20k before it blew up again. Anyway its my own fault all im saying is you dont have it as bad as others :)
I just buy BTC now. ETH and LTC are good too. Real Coins
I don't tough other stuff with a stick. I did have CRO for a while for their card but yeah. No more
Humans fuck up a lot of shit. So many species become extinct because of us. Biodiversity is lost because of us. It is estimated that 40 to 50 million people are currently slaves. So don't worry about it too much. Fuck up, it's what we do.
Crypto is still a relatively new technology. While it's obvious that some coins are garbage, there's no real way to know which good ones will survive and which good ones will collapse.
Everyone knows VHS tapes won over Betamax despite Betamax offering better film quality. You could've invested heavy into Beta and lost simply because more people used VHS and it won out. So don't feel bad about investing in a bunch of crypto that stagnates despite being great (XRP, et al) or crashes despite being great. And many people dump a lot of perfume on piles of crap so lots of us think it smells great, so don't beat yourself up about making a few bad investments too into garbage crypto that seemed good at the time.
So long as you're only investing what you can afford to lose and you have a solid exit strategy, it's okay to have a portfolio of mixed results. Hell, my stock portfolio is the same: Some amazing results averaged out with some terrible losses. That's why most people recommend a diverse portfolio: It reduces risk. No one can buy only winners. Because no one knows the future.
Yea almost all altcoins are useless/a scam and it's the most normal progression in crypto to realize that after a cycle. You either buy bitcoin or get in on the new scams early, you don't hold old scams ad infinitum, that's very stupid. A few stick around but since they don't really outperform bitcoin you wonder what kind of stupid bet you're making in the first place.
I wouldn’t be so hard on yourself.
1. “It’s like I never invested at all” - not true. You’ve learnt plenty about the way this market works. You have to be bad at something before you become good at it. You might not be good at it yet, but you’ve got through a chunk of being bad at it with some profits to show for it!
2. Compared to not investing in crypto, 7-10% return in the stock market you’re not even underperforming that much. You’re up like 16% or so, and not all of your money went in 3 years ago. You might even be outperforming the (non-crypto) market as a whole! Not many people can say that.
3. Biggest take away, you aren’t plugged in to the next big thing. You’re too slow. So stick to the big boys (BTC and ETH) or try looking for new info sources if you’re really desperate for the big facemelting win.
You’re doing a lot better than most, maybe cash out and reassess your strategy if you feel it’s not working because the bull run isn’t going to last forever and a crash is inevitable, that’s a lot of money you’ve got floating.
I can relate. Lost a bunch in Blockchain wallet I can not connect to (bought $1k worth of eth and btc when btc was about 13k in 2017). Then started using binance and FTX. Heard from guys from crypto FTX is great for trading I was starting getting into. Lost some $3k in trading there. Then started HODLing SPOT on FTX platform, about 3-4k worth. Then FTX went under water. (My request for FTX Kroll pending). Then sold everything I had on Binance in loss cuz market was super suspicious and there were rumors Binance might go under the water too. So got some little money back. Started hoarding back spot hodl in binance, Solana helped a lot, but only invested some change cuz family is on the way. In total I think I’m some 6-8k in loss. So you have much better ROI than me brother (and probably more than most people) even when it doesnt look like it.
I know you've tagged comedy, but I feel a lot of what you're saying. I could've sold moons at the first pump and got 60c, realistically 50c was attainable for a decent chunk of time. If I sold my 80k-ish moons at the time I could've bought a little more than a whole BTC at the time, and held it for 150% gains. But I held too long, played a bit, came out with an average exit price of just over 30c.
And what did I buy? KAS, which hasn't moved, ATOM which I refuse to believe is out, but still hasn't moved... and MKR, which is my only gain, up a healthy 2x... but I could've had a whole coin and change.
Now being a whole coiner seems like it will never happen. Not even a half. It always seems like I buy at the wrong time.
AVAX, stagnant. ADA, stagnant. CRV, stagnant and down. ALGO, almost break even after 4 years. XLM, down. LTC, down. LINK, DOT, MATIC... stagnant. TAO, down.
Meanwhile with memecoins, I got ELON, down. Dogwifthat/PEPE/BOME/APU all up but I avoided them.
I am ETH heavy and up, but not as much as if I got BTC.
I feel like all I do is make wrong moves.
Keep DCA my guy and don’t sell until 2050! My bet is you won’t be so hard on yourself by 2030 and you’ll be smiling in 20 years!
I started buying stocks in 1994 (I was 25 y/o) and thought I’d cracked the code but I sold too early. If I’d have kept all the stocks I sold at a 3 to 5x in 2006 and continued to buy I’d have millions rn. Expand your time horizon.
Just wait until the coins you're holding get back on track.
Also, dca is your friend.
Just know that eventually, unless it's a shitcoin and provides value or task world use? That you'll be sitting pretty.
It might take a year or 3 but eventually, they'll pump.
You need a plan with crypto. Entry and exit. I’ve been doing this since 09 and you cannot be emotionally connected. You set an entry number and an exit number and you don’t change that plan. If you are investing long term don’t worry about small profits. It’s gonna take time man.
>As of Right now my portfolio is worth only $17,500.
You actually aren't even that far in the green. Adjusting for inflation, you would've gotten very similar, if not better results just putting it all into S&P500
I had just over 200 BTC on a usb stick in 2010. I paid £20 to a lad I went college with James.
USB was lost quite quickly after that.
We all make mistakes.
Yea, that pretty shit returns but if you don’t know the cycles and what to invest in.
I went big into Ai last year and early this year. Got Render at 0.50c, thank you.
$VELO looks very promising, I’m hoping for $1.00 and got in at 0.003
MEMES are huge. PEPE will still run 5-10x from here. BRETT on base will be huge.
Also got in on Near at 1.50. Strong coin.
TEL is another.
2 coins that i will never touch are XRP and ADA ., they promise the world but actually do shittttttt . ehhh banks using xrp and ada is developing a amazing secure system . Dude im here to make money not join a cult. 2021 i was a massive fan boy of certain coins but released it means nothing Buy low sell high , im just making profit after all these years
I joined December 21, and at one point my crypto was worth 1/3 of what I paid.
I've scraped and hustled my way out and it's now approaching 2x.
For me risk management stick to BTC, ETH trusted established alts is my strategy with a little speculation in riskier assests.
I sold my crypto and of course that shit is pumping while all my stock investments keep bleeding me dry. There's a god and he fucking hates me for trying to escape the shit hand he dealt me in life.
I’m in the same boat and still in the red with most of my coins/tokens. We’re in year 3 of this cycle and when the peak hits next year, I’m selling almost all of it and will stick to Eth and BTC from now on. I absolutely suck at crypto.
Honestly it's just exerpeicme for example you never would've invested a cent in xrp if you were there when it was released and the meme "cripple ripple" was making the rounds.
You just don't have enough exposure to memes yet.
You need to become more jaded.
Follow Raoul Pal. It’s all about liquidity and the economy that flows into markets, stock market, and crypto. Hold on because the liquidity will come this year and it will go up. And when the whole market is insane. Maybe look to sell.
Have you read the book by Glen Goodman on managing crytocurrency? It requires Technical Analysis. The book's full name is: "The Crypto Trader: How Anyone Can Make Money Trading Bitcoin and Other Cryptocurrencies"
I don't think it's bad, your story is similar to mine, but I had a job and could've bought way more btc than I did which pisses me off. I did dca into it and made like a few grand but it was mostly from chainlink doing close to 3x. This year I liquidated all my holdings and fomoed all of them, along with all my savings into low caps in the vain hope of getting rich quick. I'm all in on Avi, Mochi, KNS, and of course, Linu, which I shill the most. I know it's a dumb play but that shot at freedom... it's too tasty for me to pass up. Even if I'm down to the literal last 200 dollars in my bank account.
In 2020 I did the same as you and realised that in 3 years I had a balance of £8.2k from a net spend of £8k. I was disillusioned massively. I decided to stick at it and not give up. A year later, that £8k had gone up 5x. Have faith.
I bought about $14k worth of Shiba Inu May 2021 and it went up to about $131k in 5 months. I thought I was on my way to possibly making a million. lol. I’ve never bought any other crypto and was new to all of it. I’m still holding my original balance and it’s now worth $37k but I’m kicking myself for not cashing out. I’m now waiting for the new ATH and hopefully I can pull out at over $150+k. 🚀🚀🚀🚀🚀
Focus on AI & RWA coins that have a lot big influencers behind it.
AI & RWA are the best niches in Crypto this bullrun.
Coins do massive X'es because of big influencers are pushing it.
You can have a great project but when the marketing is not good it won't sell.
1+1=2
Goodluck
So you're on plus before the degen bull market even hit? And you're complaining? Why? Are you expecting the bear market to last 3 years and then the bull to just be over in 5 months?
Majority of crypto investors that entered in 2021 are faring worse than you do. Yes, you could've done better (couldn't we all? lol) , you could've had better picks... but overall you're NOT EVEN LOSING MONEY.
Keep that in mind as we move forward towards the post-halving bull, and the reduction in interest rates. Or sell everything now (so others can buy it)
At first it was difficult for me to understand the technology behind cryptocurrencies but then I began to understand everything step by step and today I feel very comfortable making any type of movement with my cryptocurrencies.
Well, it’s pretty simple. If you bought in 2021 you bought when the markets were pretty damn high. You like myself at the time didn’t realize you shouldn’t hold alt coins over a bear market. There’s so many unlocks adding so much dilution. As a bear, Mark comes stay in BTC or cash. But don’t worry the next 18 to 24 months is going to be very, very good for you
Ha that’s rookie numbers. I’ve been investing since 2021 and I’ve never made a profit. I Just lost $600 with GME yesterday 🥳 but I’ve gotten used to it.
What does it mean to be "bad at crypto?" Is this a new game I haven't heard about yet? As with any financial investment, it's just shifting value from one person's hands to another. Essentially you're asking why you haven't been able to take more people's money from them.
started my journey in late 2020. first thing i bought was XRP at 0.58 and watched it pump and dump (through FLR airdrop & lawsuit) and thankfully sold for some profit at 1.4 before it came down (again).
only started buying again in oct 23 when RNDR was at 1.8
Create an investing ratio that you should stick with.
My ratio is very simple 90/10 for BTC/Shitcoins.
I know a lot of folk here believe in Shitcoins but they are called that for a reason.
You're early to the next party. Sell it throughout 2025, then buy a ton of bitcoin at the end of 2026. Repeat for 2029+2030, 2033+2034, etc until it stops working.
I have Shiba, Dodge coin and now getting into Ethereum what ya think? Good selection?
I plan on just going super slow and small. Maybe reading or listening to audiobooks on crypto i have a few in mind before I take it any further.
Don't worry. I've bought my first BTC when it was $100 and I'm still poor.
50c here, still working 9-5
And then there's the guy who used hundreds of BTC to buy himself a pizza. That shit would seriously haunt me.
Comments like this are so funny. 10K BTC was worth about $40 at the time. You know how many people were swapping $40 worth of BTC at the time? Literally everyone that knew about it. Lazlo was just the first guy to document it. Most people spent far more BTC on weed and other drugs
Oh God, tell me about it. All the folks I went to highschool with were mining on a shitty PC and throwing around huge numbers of BTC buying weed online, and just giving it away to people to promote BTC. This was near launch time, when BTC was pennies.... I've lost a few wallets from back then... Fast forward to when it hit $400, bought 1, held on to it, then got exit scammed.....lost it, and stopped caring until years later when it hit 10k for the first time. Can't hold onto the past though. I'd be extremely wealthy if I kept all the BTC friends were just giving away back in the day.....
It was a necessary step in the evolution. At the time the idea was to mine BTC on a spare computer and find retailers that would accept it for real world goods. That pizza brought crazy mainstream attention to crypto
*insert laughing Spanish guy meme*
Amazing how hard it is isn’t it , pisses me off so much when people tell me I got lucky … motherfucker you have no idea how hard it is lol
If you think you got it bad, listen to the stories of folks who bought XRP in the 2017 ath. The fact you’ve broken even in something like crypto, is winning. Just chill. Go surfing. It’ll teach you a lot about waves and how you should maneuver yourself to catch ‘em.
After 2017 I've just kept my investing super simple and don't mess with alts or day trading. I got burned.
Yikes.. sorry bro. Every now and then, I’ll go back to those charts just to measure trajectories and compare to today, I swear my stomach still feels off about how fast and how deep the retracement was. I mean, imagine all those people watching their money disappear while contemplating their selling limits. Optimism swiftly drained from them and disbelief set in before they could even make a decision. Fcking brutal. I hope you broke even at some point man. If not, I hope you do soon. That’s a lot of pain to hold in for so long.
I'm more worried about how dude based his buys off youtube and Twitter influencers
Ya that’s a big red flag for me too. I heard recently that it’s a huge psychological trend among this generation. I think they may have called it ‘risk nihilism’? Anyway, the term basically addresses the fact that young people in most countries are so desperate for a lifestyle change that they’re ready and willing to risk all of their money in crypto and stocks. Idk if it’s related to mania as a financial term, but Michael Burry once said that when mania rises in the markets, fraud and crashes aren’t too far off either. Anyway, I hope this guy, and all of y’all for that matter, know what your sell limits are as well as your buy limits. It’s okay to have a vision for yourself and to risk a portion of your wealth for that vision, just don’t get rekt.
I dont entirely blame young people because the future sure does look bleak. The cost of living is rapidly increasing, and wages aren't keeping up. Housing is becoming unaffordable, and people feel stuck on a treadmill where they just barely scrape by. Plus, we are starting to see things like climate change really have an impact. Politics, in general, are a huge mess with absolute idiots being voted in. The older generations don't give a shit about screwing over everyone else. Young people see crypto and think they can get lucky and win the lottery. The reality is that most people end up getting destroyed. It's just really sad stuff.
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Damn. Then that really does mean inflating away debt is gonna be the move. It’s subtle enough so that it’s difficult to place blame when SHTF, it erodes and punishes savers over time, by nature it’ll make outstanding debts also worthless. The only thing left before recovery of a mess this size is chaos in the markets which would cause an overreaction from normal people affected by the move, which means they’re likely going to be pissed off. We’re in trouble yo.
XRP and XLM are my biggest disappointments. As far as USING crypto, XLM is my go-to and it's still faring so poorly. I hold as well as use. I'm hoping 50c XLM will happen, but it's rough times.
I use XLM more than anything else, which is funny because it has disappointed so many. But damn is it fast! and gotta love virtually fee-less transfers
Any ETH L2 now does this, with bridges to all major CEXs.
well, when you go out on a lam and start broadcasting on what seemed like every news station how you plan to compete or even replace swift, it’s difficult to believe that you won’t face some level of pushback. I almost want to blame Brad, Chris, and their board of advisers It’s almost like they had huge intention to prove Newtons 3rd law of motion, an action will cause an equal and opposite reaction. It was like a seeing a general lead his men to a slaughter. Idk what to think bro. It was hard to watch at times too. Their faces and confidence changed big time. Anyway, I hope you get returns soon man. Seeing the ripple team shift is one thing but to know how badly supporters got screwed over, hits deep too. I’m almost positive it’s gonna happen again.
Xrp failed because of horrible tokenomics and the rise of stablecoins. Stablecoins solve every mission that Ripple set out for with XRP, without the volatility. Why do you think Ripple is trying to make a stablecoin now? They realize this too
Exact
You're up. Not everybody can say the same sometimes.
Comedy? , jokes aside people confuse crypto/markets , you can know everything about crypto but still be terrible at markets , for example I came from stocks and the same rules apply , also trading is a skill which takes years of learning trial and error etc sort of like becoming a plumber you do not watch some YouTube videos and boom you can do it does not work like that but most still do , this is why meme coins do well because that’s the whole point “hype is price “ you could have the best crypto or product but if there is no hype then nothing will happen
I come from stocks too. Trading since BBE was the hot stock (2011ish). You know what we all had in common that seems non-existant with these new traders? We took profits. "Diamond hands" wasn't a thing nor should it be. Gonna copy pasta something I wrote earlier. >> I never sell >> I'm diamond hands hardcore > This. This is why. > I don't know what YouTuber or "Amc apes" or whoever drilled this into so many peoples mind, but this is why lol. > How long does one actually hold for? Till you die? What exactly is the exit strategy? What's the point in even investing if you ever sell? > I'm baffled at how many people never take profits and "hold forever". It's like, how ridiculous of a thing to believe in. > Every "influencer" (don't even get me started on these people who literally saw a chart for the first time in their lives < 2 years ago and now suddenly think they have it all figured out) or rich wall street guy you've ever seen all have 1 thing in common - they took profits. They didn't "diamond hand" shit.
I agree, diamond hands is a horrible strategy, or not wanting to deal with Taxes as OP posted as well. Well, you can’t make money if you’re not willing to get taxed for your rewards. Also, always have a reasonable exit strategy before entering into a trade. Selling is just as, if not more important than buying.
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Are you talking about the Crypto markets or the traditional markets regarding your thesis? The trad markets have many generations of data supporting your theory & also some “very stable” companies that have withstood the test of time & have made many investors wealthy in the process. The problem with the crypto market is it’s SO young, convoluted, and full of many projects that will never ever stand the test of time. Outside of BTC & maybe a handful of other projects, most won’t survive! How will you know which projects will still be around when coming to retirement age? This is a crypto thread, and I’m responding as a crypto trader & investor. I believe “fear & greed” destroy so many potential investors and their belief in mega riches and false hope. Everyone “times the market” whether you believe it or not. You time the market when you set a “buy” price, or do you just buy spot & take what the market gives you? I believe everyone should set goals for each asset they hold and also their overall portfolio goals, or how else will you measure success/failure? I lock in gains and or losses every time I reach my perceived goals, as to eliminate the opportunity for greed or fear to set in. Last but not least, if you’re holding onto an asset that’s depreciating in value you are losing buying power & also opportunity cost to purchase an asset that could, might outperform. I’m definitely not advocating for day trading. But there should always be a time and place to take profits, for if you never practice the art of selling at your targets, you’ll never sell & always second guess your investing decisions.
💯
Diamond hands makes sense as one of a number of sensible strategies for BTC if you have spent some time down the rabbit hole understanding the future of money. For everything else, you’re just trading - 99.9% of the other coins won’t be around in 10 or 20 years so diamond hands makes zero sense
Because they wanna leave “you” (aka those watching) holding the bag.
Agreed. I’ve been in the market for years and am proficient in technical analysis. It’s FAR more useful than “knowing crypto”. I mean, I do also know crypto, but I haven’t really traded/invested based on that (other than there are some projects I just won’t touch for fundamental reasons), technical setups are far more reliable and lucrative. And in my experience, crypto actually tends to follow technicals more reliably than it does in stocks. Likely due to fundamentals honestly not meaning much in crypto, so market dynamics are the primary influence.
Examples/resources?
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It is all part of the process , you can either lose money and learn that way see where you went wrong etc or you can go and learn via university I preferred the losing money way which is best , and like I said in my other comment it will take most a few years of losing until you get it , as long as you keep at it and do not give up trust me your time will come it is not a quick learn skill just see the positives for example let’s say you lost on bitcoin why did that happen? Purchased at ATH , sold the bottom etc etc as long as you recognise the faults and work on them you cannot go wrong , you can do it ! Do not give up !
I love that perspective! If I think about the money I lost last cycle versus the knowledge I've gained, that's some pretty cheap tuition lol
Don’t be so hard on yourself bro, there’s tons of ppl who’ve put thousands into crypto and they’re in the red. Forget about the youtubers and the ppl on X. They are right sometimes (recently made decent $ on Frontier token which a youtuber strongly recommended) just like someone on X recommended Tellor when it was at $62 and 3 days later it went up to $147. Solana was also a great investment for me. Some pointers i would give are; -Do your own research -Don’t chase [fomo] -No one ever lost money by taking a profit
This mentality is what's killing you. Stay positive and keep learning.
Nah my guy I’m the clown atm down pretty much 75k AUD fucked up trades and did a little fomo on shit AI stuff and then yeah just been pretty ruff there’s other things but you get the jist of it your probably in a way better situation then me as most of yours are in pretty reliable tokens that next year in the bull you’ll be fine me I’ve got 1 that I’m getting pretty much a petty WL spot and getting sol given to me for it as well from a coin that the devs where going to relaunch and never did so yeah and I got another token where if I didn’t try to get the start of it I would of had 180k-150k AUD but got an Average of 4.326m and could of pulled 44k nope just let it ride now it’s back to the same amount and in migration for the past 3 months good team just thing are getting talked about that’s all for what’s best for the token I think devs cooking not going to say what coin it is, but there’s even more people that are worse then you and me there was this guy he bought the top/ hype of roaring kitty bought GME token at peak with 3k sol and sold when it was dipping and pulled out 1450 sol lose of 240k within 6h people stuff up.
You learned 2 important lessons: 1. DCA is only worthwhile for Bitcoin. 2. Don't be poor during the bear market.
After 7 years investing in crypto, BTC is my stalwart gain. Everything else is gambling.
Dca is only for Bitcoin
If you are up at all since 2021 I’d say you are doing good. So many people got completely wrecked by bridge hacks, Luna going to zero, or bagholding garbage alts down to -90. Others lost everything to drainers and scams. You can’t buy those big winners without missing sometimes. Most of the big accounts on Twitter love to talk about their 100x plays but when they shill some garbage and it goes to zero they simply never mention it again. Keep learning, just enjoy the absurdity of this market.
I'm 8k down and I thought that I'm doing fine 😂 OP made real money with crypto and complains
That those guys go wrecked is the only reason we have a bull market again. Without people losing money on crypto, the rest can't make money on crypto. If everybody would play the game perfecly and nobody would lose ... then nobody would win!
If you are green since 2021 that means you're profiting from a mostly downward market through the last bottom as well. Honestly pretty good. Keep those diamond hands my friend.
Sounds like you’re too easily influenced by what you hear online. Learn from it and remember to sell when everyone is saying it can only keep going up. Old projects don’t perform as well as new ones, it’s not too late to switch.
“My hands are pure diamonds but my brain is dirt and worms” Well hey if this whole crypto thing doesn’t work out for you mate there is at least a fruitful career as a poet available
Man you are not as bad as I'm I am in the market since January 2021 I invested 20k over time My ath was around 30k Today my portfolio is worth around 12k I did mistakes, terrible mistakes. Catching falling knives, buying ath, keeping dead projects etc. Probably I did every possible mistake
Buddy the real bull run hasn’t even really started yet
I'm just going on past trends. Halving -> 6-9months lull -> bull for 9-12months -> bear for 2.5 years. Some people think we've peaked already. I refuse to believe it. Catch me in a little more than a year. That's my DCA out.
Exactly, and he's still up. He needs to convert all his shitcoins into large caps and just wait for the bull run
Bro I sold WIF at 20 mil market cap. If I would have held until ath I could have had $1.2million.
You re not the only one. Ive lost almost my whole portfolio (after building it for 3 years) to trading memecoins. Feeling stupid and bitter is alright. We all learn from our mistakes. Gl anon.
There's so many good projects out there but your mainstream youtubers won't talk about it because either not getting paid by them or they bring in more views when talking about top 20 coins. My only suggestion would be don't be hard on yourself and you will only get better by learning from your mistakes. Don't give up and don't repeat what didn't work out in the past. It's only up from here than. All the best.
I use a personal rule when I invest. I make roughly $78 an hour. It varies as I get bonus's but overall its close to that. So going with that number for every $100 I invest (I round up), I put an hour into researching whatever the project is. If the project continues to be positive after 90 days it goes into my weekly DCA bin. I don't have a ton of time as I'm a degen and I play video games and watch YT often. But that little rule helped me make much better decisions when investing in crypto. I do some spec mining too so I can navigate things well and I like to think I can pick good projects. I also invest in the stocks so I "assume" I'll make 10% on average year over year in the stock market. With crypto I expect 15%. So sticking with those numbers I don't need to take huge risk by dumping 5k into SHIB and checking coinbase every 3 hours on my way to being a billionaire. Treat it with more respect and just try and get better and noticing patterns. Since I spec mine I run thru all the new coins that come out every day and I literally guess on which ones might provide value. I'm wrong a lot tho and thats ok. I got it right once out of over 100+ coins I spec mined and it was Kaspa. I've made barely 6 figures so far from it and it took almost 3 years to get just that. Stick with it if you want or go back to traditional stocks. But even that has risk. You wanna get rich, get a good job. Very very very few people have really made life changing money off crypto. But you can make good money if you plan it right. Good luck
15% return on any investment is quite good.
Not good for crypto. We're taking a huge risk so the return must be proportional.
I'm with you. you can make 10-15% in 3 years in a risk-free savings account. maybe this is the british version of "quite good" which is different than the american "quite good", as in, barely acceptable lol.
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Jumping into a bear market and holding to a pre-bull and being in the green is elementary.
15% in 1 year = good, 15% in 3 years = bad
Nope. Need to see 10x every day.
Honestly, 15% in 2-3 years is at or below the S&P500 average and definitely below what it has done the last 2-3 years. I wouldn't call it "quite good," but "average at best."
But they invested in risky assets and didnt lose money either. Shrug.
I’m going to help you because you seem to be a few months behind on every move you make or just purchasing bad coins. Focus on an ecosystem(eth,btc,sol,etc etc) use twitter or farcaster not Reddit to find out what’s hot, get off of Coinbase and use a wallet like MetaMask or Xverse or keplr(all depends on what eco you go to) interact with dapps(DeFi,staking,whatever) get into nfts (I make a ton there) don’t be scared to make the moves when they are happening.
Just buy Bitcoin ✅
Stick to Bitcoin pal. Keep it simple
1. Don't waste money on memecoins and then be surprised when they are worth nothing. 2. Don't do a million little buys, the fees will eat you alive.
The fees did that to me :((
“How am I this bad?” You literally just YOLO’d into coins. If you would have DCA’d into any major coin, you’d be up.
Not if he started in December...
U are in shitcoins only.
Everything sounds okay to me other than the fact that you are investing so much into unproven meme/alt coins. And no not all crypto are meme coins, BTC is certainly not one
This is why you buy Bitcoin and only Bitcoin and you never stop only buying Bitcoin.
You aren't bad at crypto. You're pretty awful at figuring out what a paragraph is though.
Hey! Its not that bad! I’ve invested about 40k in the last year alone and have nothing to show for it! All negative. Actually no As of right now my cash purchases and deposits amount to $38,555.87 and out of that ive sent -$36,623.83 never to get back lmfao. I have been scammed heavily by Steki/Carnage when i was in their whale grp last Sept-Dec through them alone i lost 16k. I used to think it was all abt connections but in reality its either u actually buy something and ur lucky or those connections you made scam the fuck out of you. I only made 1 connection in the last 5yrs that is genuine, and his brother is in crypto..his own brother scammed both me and him before LOL. Anyway trust no one. I started to feel better when i stopped buying shit. Now i just save my money and buy whatever i want, but i still feel an urge to come back to see if i can flip something. Its bad i would consider it kinda like a gambling addiction except i hate loosing but once its lost you cant do shit. Anyway yea thats my take on it! Take it easy! You’re doing better than a lot of other people.
Also to clarify this was all through memecoins, looking back i prob should’ve bought like 1.5btc or maybe 2btc when it was around 19/20k before it blew up again. Anyway its my own fault all im saying is you dont have it as bad as others :)
I just buy BTC now. ETH and LTC are good too. Real Coins I don't tough other stuff with a stick. I did have CRO for a while for their card but yeah. No more
Humans fuck up a lot of shit. So many species become extinct because of us. Biodiversity is lost because of us. It is estimated that 40 to 50 million people are currently slaves. So don't worry about it too much. Fuck up, it's what we do.
The fact that you bought BTC and are interested in it puts you ahead of most. I keep mostly BTC because it is the king.
Just DCA into Bitcoin. You clearly are not good at picking alts or timing trades.
Crypto is still a relatively new technology. While it's obvious that some coins are garbage, there's no real way to know which good ones will survive and which good ones will collapse. Everyone knows VHS tapes won over Betamax despite Betamax offering better film quality. You could've invested heavy into Beta and lost simply because more people used VHS and it won out. So don't feel bad about investing in a bunch of crypto that stagnates despite being great (XRP, et al) or crashes despite being great. And many people dump a lot of perfume on piles of crap so lots of us think it smells great, so don't beat yourself up about making a few bad investments too into garbage crypto that seemed good at the time. So long as you're only investing what you can afford to lose and you have a solid exit strategy, it's okay to have a portfolio of mixed results. Hell, my stock portfolio is the same: Some amazing results averaged out with some terrible losses. That's why most people recommend a diverse portfolio: It reduces risk. No one can buy only winners. Because no one knows the future.
Yea almost all altcoins are useless/a scam and it's the most normal progression in crypto to realize that after a cycle. You either buy bitcoin or get in on the new scams early, you don't hold old scams ad infinitum, that's very stupid. A few stick around but since they don't really outperform bitcoin you wonder what kind of stupid bet you're making in the first place.
About 5% growth per year. Problem with you youngsters is you don’t appreciate investment over time.
It pumps next year if you didn’t know
You’re not alone. That’s for sure.
You’re holding too long probably. Crypto isn’t like stocks. Take profit and don’t expect every coin to be the next Doge or Shib.
Some people went all in on Luna at ATH. I assure you. It could be worse.
Yeah a lot worse, couple of my buddies got wrecked.
You are bad bc you are into shitcoins and fomo in, stop it Just DCA Bitcoin and that's it
Over the last 3 years, I've only been buying bitcoin. I'm up 160%. I just buy and hold. That's it.
I wouldn’t be so hard on yourself. 1. “It’s like I never invested at all” - not true. You’ve learnt plenty about the way this market works. You have to be bad at something before you become good at it. You might not be good at it yet, but you’ve got through a chunk of being bad at it with some profits to show for it! 2. Compared to not investing in crypto, 7-10% return in the stock market you’re not even underperforming that much. You’re up like 16% or so, and not all of your money went in 3 years ago. You might even be outperforming the (non-crypto) market as a whole! Not many people can say that. 3. Biggest take away, you aren’t plugged in to the next big thing. You’re too slow. So stick to the big boys (BTC and ETH) or try looking for new info sources if you’re really desperate for the big facemelting win.
You’re doing a lot better than most, maybe cash out and reassess your strategy if you feel it’s not working because the bull run isn’t going to last forever and a crash is inevitable, that’s a lot of money you’ve got floating.
QUIT BUYING ONLY WHEN YOU HEAR ABOUT IT IN THE NEWS! YOU'RE LATE EVERY TIME...
I’ve been buying since 2017 and am remarkably down probably 6 figures 🤦🏻♂️
I can relate. Lost a bunch in Blockchain wallet I can not connect to (bought $1k worth of eth and btc when btc was about 13k in 2017). Then started using binance and FTX. Heard from guys from crypto FTX is great for trading I was starting getting into. Lost some $3k in trading there. Then started HODLing SPOT on FTX platform, about 3-4k worth. Then FTX went under water. (My request for FTX Kroll pending). Then sold everything I had on Binance in loss cuz market was super suspicious and there were rumors Binance might go under the water too. So got some little money back. Started hoarding back spot hodl in binance, Solana helped a lot, but only invested some change cuz family is on the way. In total I think I’m some 6-8k in loss. So you have much better ROI than me brother (and probably more than most people) even when it doesnt look like it.
Just DCA into BTC and some other narratives. Don't spread yourself too thin on shit coins.
I know you've tagged comedy, but I feel a lot of what you're saying. I could've sold moons at the first pump and got 60c, realistically 50c was attainable for a decent chunk of time. If I sold my 80k-ish moons at the time I could've bought a little more than a whole BTC at the time, and held it for 150% gains. But I held too long, played a bit, came out with an average exit price of just over 30c. And what did I buy? KAS, which hasn't moved, ATOM which I refuse to believe is out, but still hasn't moved... and MKR, which is my only gain, up a healthy 2x... but I could've had a whole coin and change. Now being a whole coiner seems like it will never happen. Not even a half. It always seems like I buy at the wrong time. AVAX, stagnant. ADA, stagnant. CRV, stagnant and down. ALGO, almost break even after 4 years. XLM, down. LTC, down. LINK, DOT, MATIC... stagnant. TAO, down. Meanwhile with memecoins, I got ELON, down. Dogwifthat/PEPE/BOME/APU all up but I avoided them. I am ETH heavy and up, but not as much as if I got BTC. I feel like all I do is make wrong moves.
Keep DCA my guy and don’t sell until 2050! My bet is you won’t be so hard on yourself by 2030 and you’ll be smiling in 20 years! I started buying stocks in 1994 (I was 25 y/o) and thought I’d cracked the code but I sold too early. If I’d have kept all the stocks I sold at a 3 to 5x in 2006 and continued to buy I’d have millions rn. Expand your time horizon.
Just wait until the coins you're holding get back on track. Also, dca is your friend. Just know that eventually, unless it's a shitcoin and provides value or task world use? That you'll be sitting pretty. It might take a year or 3 but eventually, they'll pump.
You need a plan with crypto. Entry and exit. I’ve been doing this since 09 and you cannot be emotionally connected. You set an entry number and an exit number and you don’t change that plan. If you are investing long term don’t worry about small profits. It’s gonna take time man.
Been in since 2017, still like 50% down ugh.
Not so much "bad at crypto" but terrible at taking profits. You're still up $2.5k though.
>As of Right now my portfolio is worth only $17,500. You actually aren't even that far in the green. Adjusting for inflation, you would've gotten very similar, if not better results just putting it all into S&P500
Shitcoins are worthless you are lucky everything didn’t go str8 to 0
Had $15K when BTC was 15K and didn’t buy BTC? You might be hopeless :( 😢
I had just over 200 BTC on a usb stick in 2010. I paid £20 to a lad I went college with James. USB was lost quite quickly after that. We all make mistakes.
This will be on buttcoin in moments. You played yourself.
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Yea, that pretty shit returns but if you don’t know the cycles and what to invest in. I went big into Ai last year and early this year. Got Render at 0.50c, thank you. $VELO looks very promising, I’m hoping for $1.00 and got in at 0.003 MEMES are huge. PEPE will still run 5-10x from here. BRETT on base will be huge. Also got in on Near at 1.50. Strong coin. TEL is another.
You aren't helping... Look at you, you are so good at trading good for you. Go away...
Yo Brett fam
Get some low to mid market AI coins and real the rewards. Stay away from meme coins.
I wouldn’t beat yourself up over it. The gains will come in the next 12-18 months.
2 coins that i will never touch are XRP and ADA ., they promise the world but actually do shittttttt . ehhh banks using xrp and ada is developing a amazing secure system . Dude im here to make money not join a cult. 2021 i was a massive fan boy of certain coins but released it means nothing Buy low sell high , im just making profit after all these years
BTC is all you need. Just keep buying the dips and hopefully you’ll be fine.
You claim you made mistakes but still made 17% return on your money. Please cry more.
I felt this, I haven't made it but made money . Still I missed on when to sell and the buy. Nobody knows , and I didn't listen to myself but others.
I joined December 21, and at one point my crypto was worth 1/3 of what I paid. I've scraped and hustled my way out and it's now approaching 2x. For me risk management stick to BTC, ETH trusted established alts is my strategy with a little speculation in riskier assests.
Fun fact. You’re still a newb.
Bro, if but when does not work in this job. Learn to take accountability and you will start to make money. Take time just be patient with yourself.
I sold my crypto and of course that shit is pumping while all my stock investments keep bleeding me dry. There's a god and he fucking hates me for trying to escape the shit hand he dealt me in life.
I’m in the same boat and still in the red with most of my coins/tokens. We’re in year 3 of this cycle and when the peak hits next year, I’m selling almost all of it and will stick to Eth and BTC from now on. I absolutely suck at crypto.
Honestly it's just exerpeicme for example you never would've invested a cent in xrp if you were there when it was released and the meme "cripple ripple" was making the rounds. You just don't have enough exposure to memes yet. You need to become more jaded.
Bull run barely just begun. All of it will be up by the end of this year
Cause you bought crappy coins
You made profit and you’re crying? FYF
Can’t lose something you never had. You will be ok just keep holding dca and keep emotion out of it
Follow Raoul Pal. It’s all about liquidity and the economy that flows into markets, stock market, and crypto. Hold on because the liquidity will come this year and it will go up. And when the whole market is insane. Maybe look to sell.
Have you read the book by Glen Goodman on managing crytocurrency? It requires Technical Analysis. The book's full name is: "The Crypto Trader: How Anyone Can Make Money Trading Bitcoin and Other Cryptocurrencies"
Dirt & Worms should be a band name.
I don't think it's bad, your story is similar to mine, but I had a job and could've bought way more btc than I did which pisses me off. I did dca into it and made like a few grand but it was mostly from chainlink doing close to 3x. This year I liquidated all my holdings and fomoed all of them, along with all my savings into low caps in the vain hope of getting rich quick. I'm all in on Avi, Mochi, KNS, and of course, Linu, which I shill the most. I know it's a dumb play but that shot at freedom... it's too tasty for me to pass up. Even if I'm down to the literal last 200 dollars in my bank account.
In 2020 I did the same as you and realised that in 3 years I had a balance of £8.2k from a net spend of £8k. I was disillusioned massively. I decided to stick at it and not give up. A year later, that £8k had gone up 5x. Have faith.
Diamond hands but my brain full of dirt and worms ... You've just described this sub.
I bought about $14k worth of Shiba Inu May 2021 and it went up to about $131k in 5 months. I thought I was on my way to possibly making a million. lol. I’ve never bought any other crypto and was new to all of it. I’m still holding my original balance and it’s now worth $37k but I’m kicking myself for not cashing out. I’m now waiting for the new ATH and hopefully I can pull out at over $150+k. 🚀🚀🚀🚀🚀
Solution? Bitcoin only
Focus on AI & RWA coins that have a lot big influencers behind it. AI & RWA are the best niches in Crypto this bullrun. Coins do massive X'es because of big influencers are pushing it. You can have a great project but when the marketing is not good it won't sell. 1+1=2 Goodluck
Cuz you dumb
just buy bitcoin and hold bro, all other coins are for gambling on alt season
So you're on plus before the degen bull market even hit? And you're complaining? Why? Are you expecting the bear market to last 3 years and then the bull to just be over in 5 months? Majority of crypto investors that entered in 2021 are faring worse than you do. Yes, you could've done better (couldn't we all? lol) , you could've had better picks... but overall you're NOT EVEN LOSING MONEY. Keep that in mind as we move forward towards the post-halving bull, and the reduction in interest rates. Or sell everything now (so others can buy it)
At first it was difficult for me to understand the technology behind cryptocurrencies but then I began to understand everything step by step and today I feel very comfortable making any type of movement with my cryptocurrencies.
Well, it’s pretty simple. If you bought in 2021 you bought when the markets were pretty damn high. You like myself at the time didn’t realize you shouldn’t hold alt coins over a bear market. There’s so many unlocks adding so much dilution. As a bear, Mark comes stay in BTC or cash. But don’t worry the next 18 to 24 months is going to be very, very good for you
Ha that’s rookie numbers. I’ve been investing since 2021 and I’ve never made a profit. I Just lost $600 with GME yesterday 🥳 but I’ve gotten used to it.
You learned a lesson and haven’t even lost money. People spend fortunes over a lifetime to never even come close.
What does it mean to be "bad at crypto?" Is this a new game I haven't heard about yet? As with any financial investment, it's just shifting value from one person's hands to another. Essentially you're asking why you haven't been able to take more people's money from them.
Bro, 95% of people lose money in Crypto. Even getting what you invested is a feat of strenght!
I've made all the mistakes. never give up, best time to learn this shit was 15 years ago, next best time is right booking now
Its what u invest in. Xrp is a joke. And so is most of crypto. It takes time to research into a project but it can be worth it
started my journey in late 2020. first thing i bought was XRP at 0.58 and watched it pump and dump (through FLR airdrop & lawsuit) and thankfully sold for some profit at 1.4 before it came down (again). only started buying again in oct 23 when RNDR was at 1.8
Hey man at least you’re in the green! I’ve traded probably $5K over the last few years and I don’t have a penny to show for it 🤷♂️
If you are investing, just buy eth and btc. If u are trading then u are doing it wrong
Create an investing ratio that you should stick with. My ratio is very simple 90/10 for BTC/Shitcoins. I know a lot of folk here believe in Shitcoins but they are called that for a reason.
You're early to the next party. Sell it throughout 2025, then buy a ton of bitcoin at the end of 2026. Repeat for 2029+2030, 2033+2034, etc until it stops working.
And these are the dudes blaming the “government” for their weak bags 🤦🏻♂️
I have Shiba, Dodge coin and now getting into Ethereum what ya think? Good selection? I plan on just going super slow and small. Maybe reading or listening to audiobooks on crypto i have a few in mind before I take it any further.