My biggest regret is investing into Crypto

[Chintuck22]

Crypto is not sustainable in the long run, if you invested in 2019 in BTC, you'd lose your money now like i did.

I put $8,800 in Crypto and lost all my money due to bear market crash, i cannot withdraw my money from celsius exchange (because it's centralized exchange).

I've also lost huge money on NFT project (making the website, design, narrator...) $2,300 in total were lost in NFT collection and over 800 hours of making that stupid collection

I learned that only rich people who already have connections, only they can get money off crypro. While poorcels like me and you loses at the end. I was depressed thinking about all that crypto loss, i could've made a house with that money

 

[RIPPED IRL]

How did u lose money investing in 2019 ? jfl BTC was like 10k or less

 

[buflek]

you only lose money if you withdraw now.

mark my words and wait till 2024. you will make big money. let the world economy stabilize again, everything is going down like when corona fucked us. best time to invest is now or probably in a couple of months when shit crashes further

 

[Chintuck22]

How did u lose money investing in 2019 ? jfl BTC was like 10k or less

Dollar cost average

I put some money in 2020, 2021, 2022

And for more reason i don't see why bitcoin could not be sustainable in the long run. There are feds, regulations, and taxes which you have to pay if you want to withdraw your crypto money. In 10 years from now nobody is going to get successful from crypto, it's going to get regulated by the government.

 

[GoldenOrderCels]

Advice: buy low sell high

You did the opposite apparently

 

[Chintuck22]

you only lose money if you withdraw now.

mark my words and wait till 2024. you will make big money. let the world economy stabilize again, everything is going down like when corona fucked us. best time to invest is now or probably in a couple of months when shit crashes further

Maybe in 60 years from now when i become corpse, then crypto will be profitable investment

But seriously, the best investment you can make is in yourself - looksmaxing, afford some courses and start making even more money and THEN invest fraction of your portfolio into crypto

The most affordable asset is investment in your knowledge. In my oppinion ofc

 

[buflek]

Maybe in 60 years from now when i become corpse, then crypto will be profitable investment

But seriously, the best investment you can make is in yourself - looksmaxing, afford some courses and start making even more money and THEN invest fraction of your portfolio into crypto

The most affordable asset is investment in your knowledge. In my oppinion ofc

i mean it always depends on ur bank. if u got 5k in bank, dont go all in on crypto which is obvious. go invest 200-300 euro a month if you get 2k salary and ur good

 

[Hero of the Imperium]

Crypto is not sustainable in the long run, if you invested in 2019 in BTC, you'd lose your money now like i did.

I put $8,800 in Crypto and lost all my money due to bear market crash, i cannot withdraw my money from celsius exchange (because it's centralized exchange).

I've also lost huge money on NFT project (making the website, design, narrator...) $2,300 in total were lost in NFT collection and over 800 hours of making that stupid collection

I learned that only rich people who already have connections, only they can get money off crypro. While poorcels like me and you loses at the end. I was depressed thinking about all that crypto loss, i could've made a house with that money

Investing is something you need to be able to jump in and out of, and really be able to evaluate the situation, and really be up to date on news (fake and manipulated or not) and insider moves

You need to be able to handle your emotions, and have a wily imagination to figure out what market manipulators are up to, how others might react, and you have to have the evaluative ability to be right about your hunches

If you are lacking any of these it is just gambling

That is why Buffet etc recommend long term value investing. Less exciting, and still requires many of the same talents and skills to be good, but you are buying something that long term will yield value.

 

[Hero of the Imperium]

But maybe Crypto is the long term thing and you are chumps for getting out after the crash? Perhaps. Buffet always says to have patience, and that the market is your servant, not your guide.

There is a lot grassroots movement toward Crypto.
But i think, after the people got burned, that it gives some breathing room for the establishment to take time and setup its own Crypto

History has shown that the common people have great difficulty resisting and overcoming the establishment *

It may be that, far from any fevered dream of libertarians anarchists and socialists, it will just be state electronic currency

* For that you will need to have your own "long march through the institutions", infiltrating the establishment, to one day change it for the better. Or maybe things get so bad they screw up their world domination and collapse, and a new dynasty arises

 

[Hero of the Imperium]

In general, investing will only get harder. The less successful are down and out, the successful gained experience, and the first world is getting poorer so "retail" investing funds will not be recharged.

Like with cards, the mark is out of money. They will not be able to come back, because the increasingly third world country will be poor. At best it will be like change spent by dreamers on lottery tickets

AI assistance for the big shots will be better, and there will be an arms race among them. Even if most of the former first world will have trouble developing AI, they can probably get enough assistance and collaboration with the likes of China

 

[Chinacurry]

you're wrong bhai.

crypto has a future, but it's a long term thing.

people just get bias cos they see a few teenagers.who made millions of a few ks invested, but that's like. looking at lotto winners

 

[Harold O'Brien #8]

>I lost money therefore thing bad

 

[betrayed by 5‘8]

you only lose money if you withdraw now.

mark my words and wait till 2024. you will make big money. let the world economy stabilize again, everything is going down like when corona fucked us. best time to invest is now or probably in a couple of months when shit crashes further

Jfl if you think Jewish banks will allow bitcoin to exist than they are already developing digital euro and dollar ,bitcoin inherits to much freedom

 

[Deleted member 1851]

Then this should be a lesson to not fomo like an ape. Just invest in things you believe in so, at times like this, you won't be questioning yourself

 

[Harold O'Brien #8]

Jfl if you think Jewish banks will allow bitcoin to exist than they are already developing digital euro and dollar ,bitcoin inherits to much freedom

CBDCs and crypto will coexist. They are complementary assets

 

[hebbewem]

Most crypto is just gambling. Buying and selling crypto should be a full time job otherwise you will lose money.

 

[hebbewem]

you're wrong bhai.

crypto has a future, but it's a long term thing.

people just get bias cos they see a few teenagers.who made millions of a few ks invested, but that's like. looking at lotto winners

What kinda future does it has . Crypto have no real value

 

[Pumanator]

Well atleast you tried making your own NFT. Could be lucrative.

 

[betrayed by 5‘8]

CBDCs and crypto will coexist. They are complementary assets

cope if you think the west will not turn into a technocratic socialst state

 

[Harold O'Brien #8]

cope if you think the west will not turn into a technocratic socialst state

Muh authority evil make us slave !

 

[Harold O'Brien #8]

Cage at retards who actually think like this

 

[Harold O'Brien #8]

What kinda future does it has . Crypto have no real value

Yes it does. There is demand for a decentralised store of value and the capability to interact with smart contracts

 

[Chinacurry]

What kinda future does it has . Crypto have no real value

It's a store of value that can't ve so easily manipulated, and it solves real problems in terms of transfer of energy

 

[hebbewem]

It's a store of value that can't ve so easily manipulated, and it solves real problems in terms of transfer of energy

Bitcoins value have changed super much but the dollar have not really changed. How does it solve transfer of energi

 

[ItsOver.com]

So you own me another bear jfl
LIFE IS GOOD

 

[Chinacurry]

Bitcoins value have changed super much but the dollar have not really changed. How does it solve transfer of energi

Bitcoin is volatile short term, only goes up long term, usd is stable short term, only goes down long term.

Btc has a main problem in the cost of energy making it prohibitive and its beta to liquidity, and therefore asset markets, has not been what it was supposed to be, once liquidity veers from its steady path. That needs fixing and it will by 2024 IMO.

Regardless unless u super rich or a brainless, never more than 5% of ur net worth in btc, and not more than 10% in crypto total.

 

[hebbewem]

Bitcoin is volatile short term, only goes up long term, usd is stable short term, only goes down long term.

Btc has a main problem in the cost of energy making it prohibitive and its beta to liquidity, and therefore asset markets, has not been what it was supposed to be, once liquidity veers from its steady path. That needs fixing and it will by 2024 IMO.

Regardless unless u super rich or a brainless, never more than 5% of ur net worth in btc, and not more than 10% in crypto total.

Bitcoin have changed in value to much and to young to make any good prediction in it . So if put 10 000 dollars in it in 30 years it can mean i have nothing. But in dollar i will less but still alot.

And new cryptos are made all the time. You can't know when a new trend comes

And bitcoin is banned in many countries when that ban comes it will be useless.

 

[Debetro]

you only lose money if you withdraw now.

mark my words and wait till 2024. you will make big money. let the world economy stabilize again, everything is going down like when corona fucked us. best time to invest is now or probably in a couple of months when shit crashes further

Have you made the big money?

 

[buflek]

Have you made the big money?

only around 5k rn

economy hasnt recovered yet, it will go up

 

[radicalrationalist]

you bought shitcoins, of which usd is one. it's also losing value continously. the only thing that has continued trending upward is bitcoin.

2024 - $69,133

2023 - $26,476

2022 - $29,541

2021 - $38,378

2020 - $8,898

2019 - $8,027

2018 - $7,478

2017 - $2,307

2016 - $450

2015 - $237

2014 - $570

2013 - $132

2012 - $5.2

2011 - $8.40

imo the longer you wait to buy bitcoin, the dumber you are. if you could notice the patterns and had some understanding of bitcoin's inherent utility, it's a no brainer