#25
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the only pic i remember you posting you lost 70% of what you had or spent
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#27
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duno my money goes up by 20-30% every year and i seem to make more each and every month that goes by
maybe im doing it wrong | ||
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#28
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Quote:
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#29
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In all seriousness, my history is a textbook example of how not to invest.
I started in late November 2017, after a relative talked me into investing. He's also a diehard zealot when it comes to crypto. To be fair, he was talking to me for years about getting in, and if I did sooner, I'd probably be a multimillionaire now. (seriously) He also didn't hold my hand, so I made MANY costly mistakes. My investment blew up like 3 days after I bought in. Made about $7,000 in a few days. I was excited. I didn't know that you're not supposed to buy when it goes parabolic, at least not when it has been up for awhile. I bought a lot of stuff at ATH prices. I think I have a Litecoin that I bought for $375. I also bought a bunch of alt coins. Big gamble. I just found out one was a scam the other day. Exchanges pulled it off - can't liquidate them. That's about $1600 down the drain. My portfolio stayed around -90% for the entirety of 2018. Things started improving in the last few months and now my portfolio is around -60%. I haven't panic sold. I'm just waiting it out. Hopefully I'll break even. My Litecoin might be my saving grace since the "Halvining" is taking place in less than 2 months. I probably will cash out when and if I break even. Then I'll either buy a house or invest in something other than Crypto. It's too volatile for me. | ||
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#30
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Failure is the best teacher - master yoda
Don't beat yourself up about losing money, its not possible to invest in anything or launch any projects or business's without the risk of losing money. It hurts, and at some point in everyone's life they will lose money. But the thing is, when you lose YOUR OWN money, you are going to learn really quick. When i started my first business i remember walking into the bank trying to get a 5k loan, they basically told me without a plan to pay it back it probably would never happen as suntrust is bad with small business. Everytime i go there they offer me a 50k loan now but i dont need it, i am liquid. You seem to be pretty smart dino, start a business ASAP | ||
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