How I Lost Nearly 200 BTC trading this past month

>I thought I was trading god

No retard. You were and still are a gambler.

SO
SO
SO
DUMB

fuck that actually sucks, cant imagine having the balls to gamble with 4m tho, even 2m. cash out 50% and get that in real estate, savings, cash on hand and the other 50% in short/mid/long-term holds to live comfy. at 2m theres no point trying to leverage to more money, you've already made enough to not worry for 10 years. why owuld he risk it fucking god dam pajeet

Exeactly. If you got to 200 with 3, then cash out those 300 you have at the moment and leave 10-15 for further trad...I mean gambling.

>margin trading at all
>going all in
>having all your money at an exchange
>not having 50% in USDT at all times

So many mistakes.

Jaw dropping. WOW!

>dreaming of the high life
Fuck buddy you had 4 million. That's an awesome life if you're not retarded.

Yeah man a gambler through and through.

PURE FUCKING GAMBLING.

I LOVE IT

>trusting USDT

Actually, forget that post it would have been better like this:

>margin trading at all
>going all in
>having all your money at an exchange
>not having 50% in USDT at all times
>didn't buy ark

So many mistakes.

he was an idiot for placing such heavy bets, I'd play with 5-10% of my stack like that at most, but this retard going all or nothing and got practically nothing

This is what greed does to a person

I would have killed myself if I lost 1 bitcoin.

in the US you would have to pay 60% taxes. 4m is closer to 2m.

i dont understand why he didnt cash out atleast half.

you made it and can still chase bugatti money with other half.

this legit hurt my head reading and im pretty sure its no larp with going into such details. he just sounds like a degen gambler.

i couldnt live on happy again with such event happening. id think daily about it. must be hell

youtube.com/watch?v=eLCtCAOPjWg

this is why i never bothered to get into margin trading... i think it could make you very poor very quickly if you don't know what you're doing or if you only act by your emotions

Smells like LARP to me.

>Atomic Swaps
>Decentralized
>No ICO Ever
>Qt 3.14 Front Dev
>25% of your trading feesoff forever if you sign up before mainnet

altcoin.io?kid=KQCYT

this guy knows bankroll management. Retarded OP does not

not everybody lives in burgerland. stop mentioning this shitplace you faggot.

I'm thinking about doing it and I don't even own any bitcoins.

Because you have bad self-esteem

greed always bounces back. beware

3 million would settle you for life. you can just live from real estate alone man....

>thought I was a trading god

Not sure who’s more retarded, this dude who lost 200 bitcoin or the retards who put all their life savings into bitconnect

>he just sounds like a degen gambler.
Because that's exactly what he is. What do you think happens when a gambler wins big at the poker table, slot machines, whatever? Does he cash out and leave the casino happy with his winnings? Fuck no, he orders another drink and gambles everything again.

Thanks for the info. I thought he would be a trading god.

Wish I was as smart as you.

I love a good bit of fiction.

holy fuck 60% tax? i thought 50% was bad in australia. im not paying tax regardless but still

>LARP
It's not LARPing if it's online you fucking retard.

kek. That brainlet thinks he's clever

Larpetty larp

he got lucky and didnt realize his hot streak. Should have cashed out his initial investment at least but nope, OP is an idiot

That's why gamblers never make it

how so user?

I'd say 99 percent of shit on here is a larp, including shit on biz. no one ever posts proof. Most we get is a blockfolio screenshot that you can make say anything

How many sided die is this?

That's wrong, it's 23.8% on long term capital gains

If you do FIFO cost basis, you can have everything in long term gains

it's lower if you do less than $415,000, that's a 18.8% bracket

less than $250,000 is 15%
less than $37,500 it's free

60% how the fuck lol is that real? no right?

Am tempted to start margin tradan desu.
I dont have a lot of shekels anyway, so am not losing much. I wouldnt touch 100x with a 20 feet pole though. Maybe 50x at most.

fucking retarded leddit larp

not him, but purchase 3 million in rentals (ideally multifamily units) and get 10% rent a year which is 300k/yr.

new or really really dumb, if you're not new please leave this board and go wherever

Not knowing when to walk away is what separates the men from the boys.

>poker is gambling meme
Why do I keep suddenly hearing this lately

And a piss poor one at that.

Basic rule of mine - start with a stake. Gamble on easy wins, double it, put half back in the bank. Start with new stake. Set a goal, like x3, that's walk away time. (Switch to new game, new table, or for the night)

Even if I lose it all, I gambled for free.

I haven't lost money gambling in years. I might gamble all weekend and walk away with 0, but I didn't lose any.

"All in" is for TV.

because its gambling you fucking idiot.

Thanks, now I don't feel so bad from dipping from 60k EUR ATH to 25k. At least my BTC stack is about the same..

retards, at the end he file losses, no taxes. dont know y u guys in crypto with out knowing basics.

>you can just live from real estate alone man
>how so
Are you retarded? He just told you. LIVE FROM REAL STATE

how does this not fall under short term cap?

>200 BTC
>NOT SELLING AT 19k

This is where I am, well not as high, right now. Went from $8k USD to $420k, now down to $320k. I could sell and be up a fuck-ton, or risk it all in hopes this is a good year for alts. The hardest part is the 'lol can't cash out' meme where you ask yourself if "it is enough"

Getting 5% of 2 million in an investment account is a 100k yearly income. Not a millionaire lifestyle, but you can retire young on that. In today's market? Easy money, 15% should be a breeze.

Unironicly it would be awesome.
Imagine that dividend.

nothing new, this is what happens when retards ride a lucky bubble up to the top, and give it all away when it blows up

95% of Veeky Forums will end up the same way

You don't put 100% into one investment, stupid. Jesus fuck, do you NEETS do any research at all? 1/3 stock market, 1/3 real estate, 1/3 something else, or cash/gold. One million in a decent investment account will get you 100k a year at 10% returns.

Because if you use ALL your BTC it means maximum profits. If you pull something out, you can't profit off that anymore. It's basically just dead weight.
That's how they think, though, not my personal opinion.

buddy I'm in the same position as you

started with 3k one year ago. Was up to 425k last night. Now down to 340k. Not sure where you live but I'm going to owe like 50% on taxes. Hardly life changing money. I need to pray this market continues for another 6 months

300 btc would have given you a comfy af life bro, don't get greedy next time.

It's up to you, are you "Glass is half full", or are you "glass is half empty".

You made 340k doing virtually nothing.

You can bank what's left after taxes, and have a hell of nest egg to put into more stable investments, or, you can cry about what might have been.

It's up to you.

HAAAAAAAAAAAAAHAHAAHAAAHAHA

Not life changing yet, but I keep asking myself is risking the $300k+ of profits worth it for a shot at 1 mil.? Part of me says yes, but then I'm like 1/4 mil. USD is a fuck-ton of money to jumpstart an early retirement if invested properly. I'll likely go down with the ship, or up to the moon on the rocket and let this play out another 6 months.

Well, I hope by this market you mean the market we had. This market right now is a bear market until February or even longer, who knows

This through margin trading or lucky ICO picks/moon missions?

Cash out half, HODL the other half?
It's kind of pitiful, to be honest, it's absolutely something he brought on himself but I cant bring myself to cackle with schadenfreude at a story like this.

problem is that I really can't enjoy life as long as my dad is working. I'm 23 with no responsibilities and all this money. He's 60, working 70 hours a week doing skilled labor. Constantly in pain, out of breath. Mostly paying for my asshole siblings' college tuition.

I don't need a lot of money to be comfy personally, but I really wanted to help him take some weight off. That's why I haven't pulled out yet

>boughti in for 5000$ in summer
>do nothing, just hold
>have 50000$ now
do nothing is not the worst strategy, but could make 100000-150000$ tho

wow this story.. and i was considering suicide over 400 usd loss

Change it into long term HODLs like Bitcoin and ETH. Then wait. By end of 2018 you'll have your mil.

I don't know if LARP or not but here is my story :

Bought ETH at 200 ETH at 15usd 2016.
DAO HAPPEND , got scared . Found out about margin trading. Lost all my ETH in one week.

Don't margin trade unless you know what you are doing.

Cruising the panic sell now and will get rich by EOY on BAT and FUN.

please kill yourself. thank you

To be honest I don't think there's room and capital for BTC and ETH to 10x this year too

Wow.

I could have retired on 1/4 of what he had. Absolute degenerate.

crypto will do another 100x this year, and there'll be a 10x day as well. if you're not in that day, have fun being bitter for the rest of your life.

I don't understand...

Cash out half of them, and fuck around with a 100

I did cash out 50k, so I figure if this all goes to shit I had a fun 8 months and made some play money out of it.

>you can just live from real estate alone man....
>how so user?
Learn to read. This was about real estate ALONE.

>he thought hodl was a meme

IF you fuckers googled for 2 minutes you would realize that it takes roughly 3 years and 30 000 dollars to become a profitable trader. Also only 5%-10% of traders make money ever.

You are delusional if you think riding one of the biggest bull markets make you a good trader. I trade and am profitable in crypto, but I know that if I move to the stock market the sharks will eat me alive.

This is the sign of bubble, all the retards joining in with their delusions.

So dumb. If you have 4m why in the fuck would you not cash out half+.

Put 1m into an index fund and 1m into some real estate. Congratulations, you now have enough passive income to live the rest of your life, and some money still in the game.

nice larp

Hogs get fed innit

I am absolutely into crypto, but not with BTC and ETH. I am all in VEN and NEO and only keep 25% in ETH for shitcoins / ICOs.
That being said I am thinking of duimping some fiat in the next months, only I don't know if in BTC or VEN.

So the guy became rich because he trades a massive bull run of the btc, thinking he was genius, and lose everything at the first serious stop in its way to the moon. What a moron.
He even did not put aside a bunch of his gains... every time you multiply your money by x, takes 1/x of it for you. Choose x to your convenience. Not hard.

Whales are causing crashes to fuck and let go out of this market the weak hands and the non-believers, this will not stop until all the retards you talk about are not everyone out of this market, in midtime if you really believe in crypto hold and find something to do for the next weeks, there will be a bull run without the weak hands and the non-believers and it will be too late for them to join

He's a degenerate gambler. He got his initial investment from Poker. He never would have stopped until it was all gone. This outcome was inevitable. The reward isn't the money it's the rush from winning the bet.

No way this isn't LARP. Even the most degenerate gambler out there wouldn't cash out at least a few hundred thousand with that kind of money.

>t. complete degenerate gambler that was at least smart enough to cash out 2x my initial investment when I was up 10x (good thing too cause I would have given it all back by now desperate gambling in this dip)

You really think someone would do that?
Just go on the internet and tell lies?