Crypto Nerds-How much money did you lose
- Thread starter Lonely
- Start date
I'm just glad people stopped talking about it
People talking about crypto reminds me of heavy gamblers. You here about how much they win. Never about when they loose. Everyone has their angle for the game. "You see I do it this way and that's how I win".
People have won fortunes gsmbling and crypto. Especially people gambling on the hype growing way early. Most people at best broke even or lost I bet. Or the wins are so small. They'll never tell you that though.
People have won fortunes gsmbling and crypto. Especially people gambling on the hype growing way early. Most people at best broke even or lost I bet. Or the wins are so small. They'll never tell you that though.
iH8pow
Active member
I actually did have a bunch of UST staked, but I knew the vulnerability so I kept a close eye on things and I didn’t hesitate to dump it all right before it crashed. Thank god it happened while i had time to pay attention, those things happen in your sleep…
14436809:Lonely said:
ChadThundercock
Active member
[video]https://youtu.be/NrFDN5TA_gs[/video]1:07
WoFIowz
Active member
14436805:theLiquor said:
You must be rich to be casually talking about losing $100k lol. That blows man.
14436816:theabortionator said:
It's insane to see some of the stories about people who invested their life's savings into a single prospect. Losing homes. This goes hand in hand with the "to the moon" wsb crowd; seen some insane stories especially when people buy on margin just for the hype. Apparently never heard the ol "don't put your eggs in one basket" saying.
HODLLLLLLLLLLLL ??
freestyler540
Active member
14436816:theabortionator said:
You have a point with gambling. It really does look like hardcore gamblers. I have not had a single person who has dabbled in crypto and told me they lost money. The reality is they are down 10K, pull out, then brag about how they made 5K.
What is even crazier is the canadian conservative hopeful, Pierre Poilieve, wants to turn the prairies into crypto mining center. Some weird reason, conservatives love crypto, but are clueless when it comes time to technology.
PhlebotomistOld
Member
About $700 
ThatSkiierKidd64
Member
Lost 2k but it was all made from crypto so I lost no real money. It’s all fake anyways, but land it’s the only real asset these days
FruitBootPro
Active member
I feel like people only started really hating crypto en masse once NFTs became a thing. Thankfully the fad has died down, to nobody's surprise. I don't have anything against crypto but I'm disappointed that people let that shit even catch on
14436902:FruitBootPro said:
Nah people have been annoyed buy it since the beginning of the huge hypre train. Def way more in recent years. Sometimes it's not worth arguing because every cryto nerd would come out of the woodwork to tell you how great it was.
I'd rather have people come to my house to tell me about jesus honestly.
WoFIowz
Active member
14437027:mobadis said:
I got $100 to blow.
Absolutely bonkers to read about this whole crash and WHY it happened. Also interesting how people had faith in a savings account called Anchor Protocol promising 20% returns. Jesus fucking christ anyone with common sense could know that's not sustainable. People are also acting like this crash wasn't self inflicted; it's like a stampede with everyone trying to get out but some get trampled.
People on the terraluna reddit are literally suicidal and the stories are insane. Like fuck me don't put all your money in one thing. This isn't a crypto problem, it's a larger economic problem with lack of diversity in portfolios. I've had losses of 99% but also had gains of 100%+ as well; you can't be hedging everything in one basket especially when unpredictable and often irrational human factors so largely influence price movements. Also greed is the downfall of all; man if I had a nickel for every time I held "just a bit longer" and ended up losing very nice gains only to be sitting with a loss.
Big oof to the markets right now
CatdickBojangles
Active member
I’ve got 5 million shiba cost me like $55. If it ever goes anywhere I’ll make good money. If not I’m not butthurt I piss away $55 on a daily basis anyways.
Thegenericskier
Active member
Lost about %50 so about $40
SavageBiff
Active member
Only thing I lost was time adding additional work to my tax filing, was a waste of my time in every way
VTshredder69
Active member
Can't lose money if you havn't sold yet.
armchair_skier
Active member
World's smallest violin ?
TheMoostafian
Active member
14437027:mobadis said:
I've got $500 to throw away on the tiny chance it might be worth a few hundred million if Luna recovers
TheMoostafian
Active member
14439133:yungona said:
I will make you my girlfriend
TheMoostafian
Active member
14439140:mobadis said:
It's gonna go back up to like $5 and ima be rich off my first and only crypto purchase
Charlie_Kelly
Active member
I’m at B/E but I only have LTC and ETH and I’m genuinely not worried at all.
TheMoostafian
Active member
14439352:theLiquor said:
HOW YOU FEELING THIS MORNING BABY
TheMoostafian
Active member
I hope you bought luna 2 and already cashed out
Thegenericskier
Active member
We back into the green, made $30 on APE since I plan on going full ape this summer
Thegenericskier
Active member
14440618:Turd__Authority said:
that is true everything is on the way down but you can still pull a profit from short selling and reading the market, like last night i got $20 on XLM through tech analysis assuming the price would go up a couple percent.
iH8pow
Active member
14440678:Turd__Authority said:
Hope not, but probably. What do you mean pattern day trading rules swapping coins? They’re already taxed as capital gains/treated as a sale when you swap. Do you mean forcing you to use FIFO I believe? I forget if you have the same choices for tax calculations on equities as you do crypto.
14440706:Thegenericskier said:
Been trying to take profits on XLM but it’s locked up in staking terms. Honestly kinda glad about regulators getting us banned from staking in US. More reason to move to cold storage, more focus on trading which can earn more anyways, and less threat they have of controlling/seizing our assets on centralized exchanges. All probably to defend from the threat to banking
WoFIowz
Active member
14440756:theLiquor said:
Google "pattern day trading". They could certainly apply this to trades (not swaps). Trade would be buying and selling on an exchange. This couldn't be used for the swaps or payments because it defeats the purpose. Day trading is a stock term and if you have hundreds of millions of people buying and selling the same asset in a single day multiple times, it increases the potential and amplitude for volatility.
The lack of wash sale rules also increases the volume because it discourages holding.
**This post was edited on May 31st 2022 at 9:08:44pm
iH8pow
Active member
Fuck. I can handle price drops, always counted on it happening. But $50k on Celsius with withdrawals frozen :-( I’m optimistic I’ll see that money again, but already deleted it from my portfolio tracker as if it’s gone. Hope that’s the only exchange that gets off with my money
BradFiAusNzCoCa
Active member
Maybe about 2/3 of value. So maybe $100. My position is small. I like to try to understand the functionality and abilities behind crypto. I’d say 99% is a scam but there’s a few good ones. I just bought some Avax for around $15. I anticipate a rebound eventually so I’m not sweating. Also, I can’t believe people go all in on one coin. Crypto and the market are more tied than people like to realize too..
I would say my money losses generally come from options contracts in the stock market..
I would say my money losses generally come from options contracts in the stock market..