I made and lost 1 million in Crypto AMA

I invested 10k, at peak time I had 1.3mi
Now I lost 1mi out of that, and still have about 200k. Spent about 100k
Ask me anything!

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nice image
it's true, not all white men are intelligent even though they keep namedropping western civilization heros like newton, von neumann, michaelangelo, etc., the vast maority are still just brainlets unlike the average Amerindian.

1. holding, trading, margin trading?
how did you manage to 130x?

2. after 1 million doesn't your self-preservation instinct kick-in and you try to minimize the losses? why didn't you sell after a 30-35% drop?

I made a thread exactly the same but my figures were 10 times yours. I got nothing but shit when all i was doing was sharing.


So I guess over 1m people go all communist and fucking hate u. Bernie fuckers.

1)Holding, trading about once per semester on average.
1) I captured the rise of Dash, traded part of it for Ethereum, and captured the rise of ETH.

2) Selling crypto isn't easy, and I have legal means of doing so without having to pay hefty taxes. But it is complicated. Plan was selling 1% a month forever. But in practice ended up selling somewhat at random sometimes.

Glad for your gains and sorry for your losses pal.

Don't bee too harsh on Bernie, he runs a whites only state, so his intuition doesn't capture the ways in which socialism and welfare states fail as sharply as other politicians.

You could have gotten a 100x quite easily, I joined in August and managed to 50x (most of that money is gone now) but had I entered dragon chain and ICON my returns would have been around 200x

hindsight is 20/20

ofcourse it is, but it just shows how easy it really was.

No you couldn't unless you went all in every time like a complete retard

bitch, 100x is THEORETICALLY easy, but in practice it's not so.
last year I went into shitcoin 1 - it went up 10x
went into shitcoin 2 - went up 20x
went into shitcoin 3 - went up 10x
the problem: I played with peanuts and didn't go all in. If I had went all in every time and timed the tops I would have literally went up 2000x. This would have put me in the multimillionaire territory easily.
OP's 130x IS impressive because he actually managed to turn it into 1.3 million. Unfortunately for him he also missed the top, but still, kudos to him.

this

Exactly, I would probably have made 10000x if I just went all in every time, but that does not mean it is smart or a good strategy. It is still fucking retarded and every retard that did this and made it just got lucky, and with such poor decision making/risk management will probably be broke soon

what did you spend it on?

it was pretty easy, two of the most straightforward picks ETH and XRP increased 150x and 400x in a year, guessing when to get out wasn't difficult either. the problem was most anons including me couldn't sit still and autistism traded cucking our gains. it was fun because the numbers were still going up, but most goys would have done better if they just fucking left it alone.

>Plan was selling 1% a month forever
You're a fucking retard considering how volatile crypto always was. You should've sold it all at a slightly lower than average price while at the peak.
If this is a larp neck yourself, if it's real definitely neck yourself.

i did this to :( 9k to 1.1 mil, spent about 75k, have 17k left :(

share your story, user

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>two of the most straightforward picks ETH and XRP increased 150x and 400x in a year
>Eth
Only applies if you went all in in the beginning of the year and sold exactly at ATh
>XRP
Worst shitcoin in existence, and no early adopters would touch that piece of shit. The only reason it went up is brainlets and manipulation.

"early adopters" didn't touch ETH either, you should have seen the vitriol towards it from bitcoin maximalists during their ICO fundraising stage, was called a "scam" and "no money to be made in it"

I remember buying ETH on CB at $8. I didnt even know what it was I just thought BTC was getting kind of expensive. And then I traded most of my ETH for ANS because I figured it might have the same rise. I'm still 5x from my initial investment. Still holding everything. Paid some taxes. Buying more ETH and BTC and some others. Got them Linkies too. Stacking them high. I'm gonna make it if we get back to January numbers.

>could’ve went up 2000x on shitcoins
>what is liquidity
go necc

I can appreciate that but how many brain cells should Bernie need to notice that Vermont isn't like the whole rest of the country?

Believe me I know. I used to be one of them... Btc maximalist 2013-2017, unfortunately

Were you the guy who was complaining about paying off his mortgage and having another few hundred thousand in the bank?