That feeling when you dumped too much money into crypto

Don't put everything, you never know what'll happen in future, and you might need some cash.

I know these are the golden rules and I've followed them until now. I also know that I could have easily gotten out at a better time. But I re-evaluated my situation and figured that I have made enough for a modest living already, and that crypto gains in the next few weeks are literally a toss-up - either you make some gains, or you keep bleeding, 50-50. 2014-like bleed seems probable, so I'll just rather not take the volatility, if I see significant improvement on the market I'll buy back some at a loss.

Had 60K in savings and put in 40K. I'm up 100% but damn, my hands need to be nailed down because they are getting shaky.

>put 40k back
>now free 40k to play with

Not him but I've got 120k in crypto and I started with 4k 5 months ago.

Honestly I don't even bother taking out the 4k I started with because it's so indignificant. If I lose the 120k I'm going to hit depression anyway. Wouldn't matter if I lose that extra 4k or not.

How? XRB?

The plan was to take them out once I hit 140K to stay 6 figures in crypto. That was when we were in a bullrun though. Right now I'm trying to come to a decision.

When will Veeky Forums learn?

how did you do it?
dont have to be too specific

I went all-in into coins and then sell them at release.

I went first all-in into Iota and sold it for 10x then I bought SALT at $2 and sold at $16. Then I went all-in in REQ at $0.20 and I still hold it right now. It's at $0.50 now. I had almost $300,000 before the crash.

Let's be honest m8, do we expect the bleed to be over? Does the market look like it's doing fine?

>At least I bought when everything was low.
Same here, went pretty much all in on ETH when it was $400, as long as the market doesn't crash completely I should be safe.

i lost it all
even my fat bitch wife

Seems like a win

>put 5% into crypto last year
>currently it's more like 90% due to growth and some lucky trades.

And you're currently interested in REQ right?

Just read your second post. I knew it was you. I'm one of the Anons you gave this advice to in an old thread a couple of days ago.

>The only coins going up are the ones I'm mining
Feels good lad

>75% down

Literally how.

Know that feel OP.

I’m at the absolute precipice of what I’m comfortable with.

But I keep looking at these sure thing moon missions and consider taking out a loan.

How profitable is mining nowadays?

Use a 0% APR credit card as your loan. No interest and you generally have over a year to pay it off. By then you should have more than enough money to cover it if you're currently wage cucking.

Pretty fucked right now from what I hear. But I'm not mining the big shit, so the payouts are fairly decent

Don't do it is my advice. When litecoin was booming in December and people were calling it a sure thing, litecoin 1k end of year posts all day every day
And ppl posting about taking loans, if they did they would have been buying close to ATH and then that shit has bled ever since. Nothing is sure thing. In hindsight it is sure, but hindsight is 20/20

>75% down
What the fuck did you, fell for shilling and bought UFR at ATH?

Nice, any ICOs you're into currently?

bump

"this is investing, not gambling you stupid nocoiner"

lmao

I started by placing 5% of my liquid assets in crypto, it has now become about 95% of my net worth and I'm far away from cashing out a dime.

already put 10k in
made no gains so far so better put the rest in also

are you seriously retarded?

invest with leverage because im a pro

put money into internetmemecoins because im so pro

/biztard

where did i say i didn't make gains brainlet? my $10k is now nearly $20k

sometimes i feel overly invested in crypto
then i look outside the window and see shitskins everywhere
i read the news and see more suicidal economic policies
i open my mail and my bank informs me "your funds are now guaranteed up to €100,000 in case of crisis" (which is newspeak for we can now legally take your funds over €100,000)
my eyes fall on an old pay stub and i remember the 85% effective tax rate i used to pay would be closer to 88% now

if they didn't ban european crypto debit cards recently, it'd be hard to justify NOT putting even more money in crypto

then why put in a comparable small amount like 3k which is half the rest of ur savings?

u know, the money with real world use

>be /biztard
>pay servicestation with memecoins

uh no

Make money even in this bear market....

discord dot gg/6ddqFHd

hello rakesh how are you doing today sirs?

Just weeks ago you got literally every coin boosted into the next solar system and now you cry like a bitch if it corrects? once btc has corrected to 8 or 5k everything will be fine.

its very close to the bottom, have you not heard everyone shouting about 8k??
seriously, just think. everyone and their nan is looking at TA and all the TA says 8k is where we're headed, so people will probably buy back in preemptively at like 9k, forming a perfect double bottom in the process.
But this is the absolute lowest, and buying sub 10k btc is a psychological support. you sold VERY close to the bottom so get back in soonish

>scam nation
>poo in the loo by 2020

my prediction is it will go up to 15k and then 5k

Happened to me with LINK, OP. I know the exact feeling. That was back in 2000 sats though, now I'm fucking rich (by my standards anyway)

What is happening?

i guess we are ready to introduce new term - floating bottom

>UFR
God damn that was some of the worst shilling yet. It actually made me realize just how stupid utility token ICO's are in general.

Only if you know exactly what you are doing and were to build a halfway decent rig with 5+ 1080 ti cards, it would still take 4-7 months of non-stop mining for you to break even on your investment before you start turning a profit.

Even if you do decide to go this route, a total monthly profit could be on average ~$400 after electricity bills.

profitable? Yes, but only if you are willing to be in a hole for a half year or more, and thereafter enough to cover some bills.

Personally, I don't see it as a viable option at this point for small-scale rigs as the price of video cards are increasing exponentially with the demand. Also, the time it takes to mine increases overtime as more and more BTC are generated, therefore more electricity consumption and a lower rate of return is to be expected.

It's not easy to do. Especially when the market is down right now and you know that it might be up again any day now. But will it? Or will we go full on bear market?

>buying at all times highs
shiggy diggy

im still up but this bear trend is pissing me the fk off.

markets should be up by june ... thing is with these regulations, possible bans, hacks, scams

i wouldn't bet my life savings on it

>never invest more than youre willing to lose
most retarded thing ever, if you aren't a dumbass that money will always eventually turn into something you're not willing to lose

>buy VEN strength node
>cash out everything else
>live of VEN strength node for rest of your life.

>pumped in way more than I'd ever be willing to admit to friends and family
>down 50%
>it keeps dropping

If I ever manage to make some moon missions, I'll take out my initial investment out ASAP because this shit is mildly annoying

Don’t put money you can’t afford to lose into this shit. Same rules apply as if u are going to a casino.

Obviously, but it's not a binary value, and the cutoff is smooth. It's not like you're perfectly fine with losing X dollars but won't ever be willing to risk X+1. So you can realize that you've overstepped your limit some - not terribly, but just enough so it makes you uncomfortable.

I've made a little bit of money day trading but I don't think I have the right mindset to keep it up.

>if they didn't ban european crypto debit cards recently
they're banned?

what bleed. I started late december. 12-13th jan was bad but now im in some 100% gains. No 10x or 100x or anything wild like that. If this is bad then im gonna make it too. Thanks for cheering me up. ICX and VEN btw. Did some retarded trading first but now im just gonna hold.

join a good discord and feel comfy :) discord gg/pFGxB6r

Just join a pnd group already... make actual gains lol
discord dot gg/EdQuhp9
Basically free money.

fuck off