Stepping back and taking a look at what I am doing from a purely objective standpoint makes me realize I am a fucking...

Stepping back and taking a look at what I am doing from a purely objective standpoint makes me realize I am a fucking lunatic.

My net worth is around 60k.

40k of that is in crypto. Meaningless digital currencies that could collapse at any moment. 40,000 USD

That's a car, a down payment on a house or condo. But here I am holding digital currency. 40,000 of it.

Buying more feels trivial. 1k converted in the blink if an eye. Losing it used to feel awful and 201i was horrific but I'm doing it again. Just stacking and accumulating this nothing magic garbage that doesn't really do anything and praying.

So I look at it from a distance sometimes. 40k sitting in the digital ether exposed to market forces. Why am I doing this? Why don't I invest it in something tangible? Why not start a business or invest it in some index funds?

Then I go back to Coinbase and buy another stack of eth and btc.

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you are a product of bias and outside opinion, that is why you do it.

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Because strong hands can carry heavy money bags.

Risking 66% of your total networth is just dumb as fuck. Invest a amount you are comfortable losing, playing with. You're obviously not comfortable.

Nigga I'm deeper than you.

Take a look in the mirror, slap yourself and never question your decision again.

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Please sell your bags now then, faggot. I'm never going back to fiat.

I don't really feel anything. I feel numb. The 40k number doesn't seem real. It's really my money? I guess. It would have seemed like a lot when I was 20.

Now I realize it's not even enough to live on for a year. So why not gamble it? Like fuck it the upside is if crypto moons again holy shit its a good position. Downside? Oh well guess I go get a contract job for a year again.

But just having 40,000 to fuck around with feels weird. It's a lot of money to just dick away on this shit. It makes me realize I'm more wealthy and secure than probably like 98% of the rest of humanity, and that I already won the game simply by virtue of being able to participate at this level.

kek i know what you mean but i'm even deeper i have 80k in crypto and only 10k in the bank

if it makes you feel better i hold roughly 35K USD in LINK kek go big or go home niga

Daaamn I'm in the same boat.
The strange feeling having tons in crypto just wandering through life waiting for another run.

>That's a car, a down payment on a house or condo.
You'd rather buy a perishable commodity than crypto? Maybe crypto is not the best investment but at least it is an investment.

40k in crypto, 4k in the bank here
i live in yuropoor which makes holding crypto feel much more secure by virtue of how much closer we are to the collapse than americans. i have seen my town turn from 99% white to half black within 30 years. our economic predictions calculate we will run out of money to pay pensions in the early 2020s. people are blissfully oblivious of the fundamental problems we have even if they're starting to feel the impact and revolt, and our government is more authoritarian than ever
like nigga wtf am i going to do? hold euros in a bank waiting for cashless and negative interest rates? put a down payment on a house i can barely break even on rent due to rent caps and taxes, that will probably crash in value and/or be repossessed to house refugees? invest in stock market at the absolute peak of a fake money + fake metrics bubble in a market cycle that was drawn beyond what is sensible even through the insane standards of modern monetary theory?
i spent 30k on my girlfriend the last 4 years and that's unironically the best investment i made. everything else is useless when you don't know if it'll still be here 10 years from now. forge deep bonds with people, neither a house nor an index fund is going to have your back when shit really hits the fan

this is what you do genius, you put some in a cloudcare wallet on your phone and you start asking people to accept bitcoin

You know, gamblers aren't addicted to winning user. They're provably addicted to losing.

I won't give you any advice, because you weren't looking for any. You do what you do. Work it out in here or in real life. Best.

what's your portfolio distribution like for cryptocurrency? 50/50 btc/eth?

Because why the fuck not.

>He isn't all-in on crypto
Stay normie, you diversified fuck. Grow a pair

People had the same mentality about beanie babies

>So I look at it from a distance sometimes. 40k sitting in the digital ether exposed to market forces. Why am I doing this? Why don't I invest it in something tangible? Why not start a business or invest it in some index funds?

What's the rush or dopamine kick in that?

>buy bitcoin at 2012
>sell for 2x profit
>get depressed because of that
>be unemployed for years drinking heavily thinking that you missed chance to be a multi-millionaire
>"now im gonna make this"
>go get a job in late 2017, take bank loan to FOMO-in at crypto in peak bullrun


now im heavily in debt and my portfolio is down -90%

i guess i will never make it. i also sold my eth at 2$

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The run has started my fren this is the trickle before the tsunami

addiction to gambling?

Weak handed faggot.

We may not like it but is what peak Jow Forums looks like

40k is nothing if you want to start business/invest.

yes, you can withdraw them, then what? buy more liabilities? invest them to earn 100$ once a year?

while crypto, even if risky, can still do a 100x, even if you only pick top 10 market cap coins.

let's say it's only 20x (previous ath), you'd still make 800k, and that's already enough to live by dividends alone (like a poorfag) or to start a business/real estate

if money is your hope in this world you are lost. aim for hard skills you degenerate worthless alcoholic. kys weak handed shit

its not an investment, its a gamble. an investment is something entirely different. this is speculation, not fixed dividends by share.

Because you are a retard who doesn't investigate why he's putting money into something other than "it'll go up, probably" and you're an NPC consumerist who thinks more stuff is better.

Diversify.

If you're dutch, you can get silver coins pretty cheap

I have this same feeling after switching my automatic savings into buying btc. It's a weird feeling but try to think of it more as a retirement account instead of gambling.

BTC has out-lasted many startups and zillions of dot-com busts, when it comes to longevity. I have a hard time accepting the premise from MSM that btc is an extremely speculative asset. Fundamentals are not showing signs of a speculative asset besides price volatility.

Is bitcoin a tech company running millions of dollars in debt that has never turned a profit?
Is bitcoin developing novel features through complex RnD?
Has bitcoin showed resilience during good times and bad?

Think for yourself. It took me a while to get over the feeling that I'm a degenerate gambler for having a certain % in btc. Everyone screams that you have to be one to invest so much in "stupid digital numbers".

I have about $400 in my bank account, $30,000 of debt, and 6 figures in crypto.

I am very comfortable with that situation, in fact I wish I could get more in somehow.

If you're going to play this game, do it properly - not just making a few $100 from a tiny gambling amount of money. We're here to try and get rich, no?

what dis nigga said. you got one foot out the door faggot.

btc, eth, link. see you on the otherside