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Forum » Friend lost 2.5M USD by hodling crypto (ded SRS)
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Thread: Friend lost 2.5M USD by hodling crypto (ded SRS)

post 1661206573 05-12-2022, 09:06 PM
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#31
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He didn't lose it cuz he didn't sell. If he's still holding on there's still hope. So technically he made 90k cuz he sold 100k. It's not a win/lose till u sell. Unless he was holding onto LUNA.X. that chit went to -99.9% in a few days from $100. Turned out to be a ponzi scheme. Stay safe crypto brahs
post 1661206683 05-12-2022, 09:09 PM
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#32
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He deserves it for holding a chit coin that long. Pure greed. He hit his moon shot what else was he expecting?

How much would the average persons life change if they received 2.5 mil vs like 5 mil or even 10mil? The first 2.5mil would be life changing, its a ticket out of financial worries for the rest of your life. Another couple mil would be nice, but it's not going to drastically change your life in the same way the first couple mil would. you'd just be getting more of the same.
post 1661210643 05-12-2022, 11:16 PM
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#33
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Originally Posted By hackerwacker⏩
He deserves it for holding a chit coin that long. Pure greed. He hit his moon shot what else was he expecting?

How much would the average persons life change if they received 2.5 mil vs like 5 mil or even 10mil? The first 2.5mil would be life changing, its a ticket out of financial worries for the rest of your life. Another couple mil would be nice, but it's not going to drastically change your life in the same way the first couple mil would. you'd just be getting more of the same.
Probably what gets most people is the dream of not having to work again. 2.5 mil is before taxes. After taxes its going to be like 1.7 mil. Yeah that will be a huge boon, live more comfortably, retire earlier than the normal 65 years old, but most likely not enough to retire right away on the spot. He saw his investment double in value, and then double again, and then double again, and then double again, and double again, and was probably hoping if it doubled just 1 more time, 5 Mil even after taxes would be enough to retire on the spot and earn a solid $100k-$150k a year passively.
post 1661211493 05-12-2022, 11:49 PM
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#34
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I've made it a rule with myself where once I feel intense euphoria or PnL is worth a screenshot, time to fukin sell a large percent of it.
***Los Angeles MISC Crew***

***Misc Crypto Crew***
post 1661212543 05-13-2022, 12:37 AM
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#35
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Originally Posted By DavidL913⏩
I've made it a rule with myself where once I feel intense euphoria or PnL is worth a screenshot, time to fukin sell a large percent of it.
Not bad advice.
post 1661213513 05-13-2022, 01:31 AM
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#36
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Originally Posted By Godfrd824⏩
So he made 1000% profit and you think that's losing everything? Are you by chance retarded?
i assume you have never had giant profits from investing before. otherwise you would know how much it hurts when the gains vanish into thin air
post 1661214423 05-13-2022, 02:17 AM
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Originally Posted By MotorCityCobra⏩
good friend of mine invested around 10k USD in altcoin called Telcoin in 2019. it mooned so hard last year that his initial investment of 10k USD turned into fking 2.5M USD. we were all blown away, and at the peak everyone bought this altcoin as it was mooning 100% daily right in front of our eyes. i was amazed and happy for my friend, but he never cashed out. he took some profits (100k USD worh) but nothing compared to the gains he once had. now he has sadly lost everything. greed is a killer. i got greedy with GME and lost 80k USD in profits myself. stay safe boyos and always take profits!
Never invest if you can't afford to lose..
post 1661214503 05-13-2022, 02:21 AM
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post 1661214583 05-13-2022, 02:23 AM
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#39
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would be happy with 100k still. not the end of the world and still life changing money
Doordasher crew (SRS)
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post 1661214593 05-13-2022, 02:24 AM
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#40
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Originally Posted By ChewYourFood⏩
Not bad advice.
yup

noticed a flaw in my trading. Greed

Those times when I felt ecstatic, those were exact tops. Or close. Even then, at that point those are gains are astronomical n joocy.

Time to sell.
***Los Angeles MISC Crew***

***Misc Crypto Crew***
post 1661215843 05-13-2022, 03:23 AM
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#41
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Originally Posted By Silencespeaks⏩
Yeah I remember you’ve posted about him before.

He didn’t really lose money though because he only invested a little and he cashed out 10x more.

The rest was just unrealized and crypto will prob just go up again anyway so it doesn’t really matter.
Originally Posted By Nicklol⏩
would be happy with 100k still. not the end of the world and still life changing money
i disagree with this sentiment. the money was real even though it was unrealized gains. he could cash out if he wanted to. i have myself lost enormous amounts of gains in a short span of time and it really hurts tbh, i was depressed for at least 6 months after that. and my friends case, the money was life changing so i can only imagine what he is experiencing
post 1661242133 05-13-2022, 12:41 PM
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#42
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Originally Posted By MotorCityCobra⏩
i disagree with this sentiment. the money was real even though it was unrealized gains. he could cash out if he wanted to. i have myself lost enormous amounts of gains in a short span of time and it really hurts tbh, i was depressed for at least 6 months after that. and my friends case, the money was life changing so i can only imagine what he is experiencing
I and others have seen my portfolio drop a million+. None of us have sweated it. The difference though is that me and others in the same position know we will probably make it all back and more. Your friend however bought a lottery ticket and probably didnt learn anything. Either he gets lucky again, he devotes the time and effort into making his own luck or he blows that $100k trying to get it all back on lottery tickets.

I can't tell you how many times I have seen someone blow it all up trying to make it back. Quick money is not methodical.
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post 1661242653 05-13-2022, 12:53 PM
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#43
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Yea he made $90k, he didn't lose $2.5m. All this "could've"... he obviously couldn't (and no one can) have predicted the exact top price of the coin lol. It could've doubled from there and he would've had $5m. He could've cashed out at $50k and seen what could've been $2.5m. Infinite possibilities, so profiting $90k is damn good.

This is no different from people who bought $10k worth of Microsoft back in 1995. "If I held it I would've been a multi-millionaire..."
"The dildo of consequences rarely arrives lubed."

See OptimusTrajan' sig
post 1661243363 05-13-2022, 01:08 PM
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#44
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Originally Posted By xxAchillesxx⏩
Yea he made $90k, he didn't lose $2.5m. All this "could've"... he obviously couldn't (and no one can) have predicted the exact top price of the coin lol. It could've doubled from there and he would've had $5m. He could've cashed out at $50k and seen what could've been $2.5m. Infinite possibilities, so profiting $90k is damn good.

This is no different from people who bought $10k worth of Microsoft back in 1995. "If I held it I would've been a multi-millionaire..."
Dont forget about the american airlines collapse. "I would have had millions if I bought" well you didn't did you. Its all numbers on a screen and what ifs until you actually have that cash sitting in the bank.
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post 1661243443 05-13-2022, 01:11 PM
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#45
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He should have taken the $2.5M and used it as down payment money for about $10M in Real Estate. So in 30 years he is worth $10M and lived off of like $150k per year in income over that time.

Coins are dumb to hold. They produce no income.
post 1661243823 05-13-2022, 01:18 PM
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#46
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Originally Posted By MotorCityCobra⏩
good friend of mine invested around 10k USD in altcoin called Telcoin in 2019. it mooned so hard last year that his initial investment of 10k USD turned into fking 2.5M USD. we were all blown away, and at the peak everyone bought this altcoin as it was mooning 100% daily right in front of our eyes. i was amazed and happy for my friend, but he never cashed out. he took some profits (100k USD worh) but nothing compared to the gains he once had. now he has sadly lost everything. greed is a killer. i got greedy with GME and lost 80k USD in profits myself. stay safe boyos and always take profits!
So he profited 90k from 10k

at least there's that but yeah that's horrible...rope is only option
post 1661244743 05-13-2022, 01:35 PM
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#47
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Originally Posted By OliverHeldens⏩
He should have taken the $2.5M and used it as down payment money for about $10M in Real Estate. So in 30 years he is worth $10M and lived off of like $150k per year in income over that time.

Coins are dumb to hold. They produce no income.
There are a few. You wont find them posted here or on reddit or twitter though.
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post 1661244993 05-13-2022, 01:40 PM
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#48
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