So, how do you deal with the stress of either success or the swings in general? I'm getting shaken up with fears like "it's all gonna crash" and fighting to keep myself from going ultra low risk.
Also, general "starting to make it" blockfolio thread.
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Hold btc/eth so you buy the dips
Keep your day job until you make it
Dont live off crypto until you make it.
Diversify so you dont get JUST'D
wew nice gains user what u put em in?
Ohh just incase you think I dont know what the fuck I am talking about.
looks like DOM
what coin was this
dunno man, I just don't care. like it wasn't money. in the morning it was around 150k, I got in my car drove 8 hours, got out checked out pholio and I was like 40-50 down. couldn't care less since I was still 70-80k up overall. 80% of my stack is long term hold, which I don't intend to sell, so I don't care.
This one was COSS. Actually started with 3k initially. First run was the Obsidian ICO and sold at the top, then lost over half learning the system.
hello fellow cosser
Pull out your initial investment. I got in late and basically staked my life savings on it. I've just pulled out half which leaved me with approx 5.5x gains. Technically this will be infinity gains as soon as I withdraw the other half.
Plus I've found keeping it spread over multiple coins helps and don't be afraid to take profits.
I took a measly 25% on Opus in 24 hours. It was dipping and I don't believe in the project and definitely don't believe in HitBTC so I got myself out. 25% in 18 hours is great. Sure it could have been 100% if I'd left it all in for 24 but fuck it.
Also get better at assessing asymmetric risk and figuring out when things have a far lower chance of going down than going up, it makes it easier to hold. I've just got myself pretty heavy on ico.guts.tickets
This is my spread right now. Look good? Feeling like a bear cycle is coming so not sure if I should fiat bunker or just chill. And I think coss has another 10-15x in a few months so holding on (if not forever for dividends)
ignore anyone that says HODL is a meme
and by hodl i mean minimum 1 year
im a similar situation with you portfolio wise but who tf cares its not like 100k was going to change your life anyway, if it moons it moons if it crashes it crashes i dont really care either way
>its not like 100k was going to change your life anyway
lol
You're definitely either a neet or a child, get the fuck out of here if you don't believe even 50,000 is a life changing amount of money.
He's kinda right. After taxes, it would give me about a year's salary. It would be a great couple years, but my life wouldn't be changed.
Crypto has nowhere to crash to, except for other crypto. Hodl currency coins, when ICO's cash out, that's where they go. Holding fiat is for absolute retards.
>silver spoon kids giving financial advice
yikes pajeets triggered sorry that i don't think 2/3 years salary in a first world country is life changing money lmao
Is not a pussy so I don’t suffer from your problems
My blockfolio graph is fucked because someone on ETHdelta messed up and it skewed my profile to like 100 million for a little while, anybody know how to fix it?
This.
Until you can free yourself from wageslavery it doesn't matter.
You have some solid blu chips. I would look into taking some pot shots at low cap or micro cap projects that are mid to long term holds and the potential to go 10x.
I basically buy 2k-5k usd of a microcap and wait for it to go 10x. Low stress and you get to buy coins before they are shilled and pumped by these fucking biz retards.
Successful traders also focus on how much they can lose more than what they can gain. That is why coins like OPT are going crazy today. The risk/reward on that project makes it a buy for sure.
Also dont for get to rebalance. If one coin moons, take some profit and keep it as dry powder for the next low cap, ico or to buy dips. A 20% drop is a 20% discount. Let the bizfags post pink wojaks while you go bargain shopping.
Good luck user. You are going to make it.
Nice run... so consistent. What does your portfolio look like?
You started 3 months ago with 5 figs and you're still not a millionaire?
So say i get 50000 what do I do with it to change my life? I really can't think of anything that isn't stupid and ephemeral
You have a disgusting attitude
shit sorry please don't downvote me dude
Yet he’s not wrong.
almost went into COSS at $0.15 but didn't because it looked too scammy
whoops
Good advice, thanks. My target is 1m by EOY. Should be possible, I think.
This.
Its anti-biz I do the opposite of what biz tells me.
My holds are long term and its organic growth. I dont chase moons.
Stress is for fags and women.
Buy real-estate on loans. 50k couple give you literally 10 houses that you can live off of, and as long as you do it right, you would never have to pay any tax on those properties.
It amazes me how hopeless you 4chaners are when it comes to ANYTHING that doesn't involve your computer.
> Dont live off crypto until you make it.
this. my hope is that when I start considering cashing out in 5 years I can buy some income properties debt free and live off the rental income. that way my income itself still isn't tied to crypto, but instead I just transferred the equity from crypto to real estate.
Set it and forget it
The Ron Popeil strategy has brought me many gains. Just set it and forget it!
I just go by the recommendations of the discord group and stay perfectly calm. Most of the time.
discord gg/Z8P8VJp
oh man, I remember some poor bastard selling a bag of 120,000 LSK at 9000 sat in 2016
Do you buy every coin shilled on biz? Mirin hard btw.
Can't believe discord spamming isn't banned yet
I see you too are holding LINK.
I only started out with 2.4k , losing it all would hurt bad and id be upset about it for a long time but id learn to deal with it eventually. Just dont put your live savings or make quit your job before you actually cash out
>50k couple give you literally 10 houses
This is the most delusional thing I've read on Veeky Forums.
Banks aren't going to hand you massive loans simply because you have 50k in your account. As far as they're concerned you basically made that money from gambling.
Wow OP NICE. I'm at 10k Wishing it was past 50k. No clue how to get there! Good luck
HODL for life is a meme. Sometimes I feel like we are witnessing a massive wealth transfer and the establishment got in first.
You wouldn't say the same if you had gotten in earlier, would you, normie?
Stress is idiotic. Do your research, make your picks and hold them for a certain period of time. I'm hoping by the end of February I'm over a million and can quit to start a crypto consultancy.
Oooh, bumpy!
I feel ya OP it’s got very real very quickly for me.
But I have faith in the normie horde to sustain this till 2019 and hopefully by then I’ll have £2m+
holy fuck what did u buy?
Question to the whales:
I only have 22k and I decided to all in, am I doing right or I should diversify?
jesus christ, TRON or something?
I'm only in this space for 1 month or so, but I'd probably go 50/50 on 2 projects you really believe in if you're looking for max returns with not 100% risk if that makes sense
I diversified on 1st of jan into coss,icx,eng,link
Coss and eng have really performed for me. I also put 25eth into tau ico whitch is worth another 100k roughly which isn’t on my folio
Personally my only stress is that the bubble pops. I am 100% certain that I can hit 7 figures this year if the bull market continues for even another 6 months.
I don't want to be harsh but only a true brainlet could lose money in this market. Thankfully there are a lot of them in crypto.
I hope you changed whatever that shitcoin moon mission was back to eth
Just remember 40% swings are nothing in crypto. Use that time to buy more and diversify. Your swings wont be so heavy.
this crypto world is crazy
when i think its already too late some random guy online makes 10x gains in less than 2 weeks
fucking madness
basically anyone who hodls makes money
its only the day trades and pump chasers that lose
seriously, 99% of coins went up in the last 3 months
Nah all or nothing bro and coss is far from a shit coin
Tell me about it and I am still a very small fish in this game
Not even the average 1st worlder makes 100k a year
i know america is a 3rd world country basically but the average income is like 35k there
we should always compare by manhattan residents standards
If you really can't deal with it you HAVE to cash out, its unhealthy. Leave 10k-20k in and thats still enough to make insane gains in this space...
>want to be free of wage slavery
>support capitalism
this is retarded opinion in the real estate business you get a real 5% income a year, so you would need like a mil to live happily ever after
Glad im not the only one who's seen insane growth of the past couple of days.
>america is a 3rd world country
god, you have no idea what ure talking about
america is a top 10 country by HDI and among white people it's probably first place.
everyone who feels that its not lifechanging money until you are free of wageslavery is only just shy of being dead right in my opinion. 100k absolutely is not life changing unless you are in debt. you're still going to have to work the rest of your life.
Being rich won't make me happy. Being poor won't kill me, and we all gonna die anyway.
This shit is all a game. It doesn't really fucking matter that much.
any country where you can walk around downtown and it's full of homeless people dying because they can't afford healthcare and begging pays more than any real job is a 3rd world country
Agreed imo 2m should be absolutely minimum of u desire freedom. I want 10 so I can make my family rich aswell
>Every bit of info I get of America is based on /int/
yeah right just like sweden is basically saudi arabia
u need to get outta your basement pal
100k by itself isn't life changing, but assuming you arent living on it you have a gigantic advantage over the average wageslave who has the savings of just a couple thousand at best.
Anyhow, the goal is $50,000,000.
Being able to buy an apartment facing centra park and don't give a shit.
Until I make a billion dollars I'm never satisfied
getting 100k in basically free money is for cucks anyway, who cares about risk?
thats why i said 2 or 3 years instead of 1 year lmao, I know normal people don't make 6 figures in a year. but even going by your figure of 35k thats literally just 3 years of salary, definitely not that life changing
Veeky Forums's gonna be the new 1%
>can't afford health care
>homeless dying in the streets
you sound like a politician lmao
Why should a homeless person have access to a service or good they can't afford?
Can i ask what JUST stands for?
the thing is that after u hit 100k all u need is 10x to hit a million
u dont get it do u
and then after u hit a million u need 3x to have 3 million and def change ur life
I've been cashing out a little bit over the years. There is nothing wrong with taking out $10,000 and putting it into stocks. If everything crashes, you'll still have some left that's earning a nice yield.
Diversification is cool, at a certain point you won't care if you have 5 million or 6 million, but living like a bum now while you're young is a bitch.
Looks like everyone skyrocketed on Jan 6th, weird. I also more than doubled my money and months of stagnation
So I initially invested 30k and was basically break-even around 2 months ago. Now i'm up around 400k.
All i've been spending my time on is looking up how to keep the taxman off my back and stressing on when I should tax out and how to manage my funds to try set my life up to be smooth sailing (Only 20)
Hoping to hit 1M but I feel like hitting 2-3M would just set you up for life. At the same time, don't want to be greedy and lose it all.
This shit is stressful
>tfw stressed out
3 years of salary but you have to spend that salary on food, utilities, debts and possibly rent. Getting spendable 100k is life changing.
there is no reason not to do 3-5 different ideas
I have had some early altcoins that completely backfired on me.
But then Litecoin suddenly is worth something after being a shitcoin for all of these years. You never know.
well shit dude by that logic $1k is life changing because you just need to 10x it to 10k and then 100x it to 10k and 10x it again to 1m, ez pz right?
I have 30k now. Man I hope I can get those gains soon.
What coins did you get?
switch 100 and the 10 after it
24 here, nice job my dude. Can I pick your brain for some advice? started with 1K in late Nov. Should I be going all in on one coin every time until I'm over 30K?
it's much easier to 10x then 3x than to 10x then 10x then 10x
the 4 bottom ones can be all replaced by better alts like CND, VEN etc.
freedom, liberty, our inalienable right to life
3 are just dust, and strat has a good 3-4x coming.
Just fuck my shit up
You have the right to live, not the right to goods and services.