Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » My friend lost 3 millions USD in crypto (srs)
  1. Results 31 to 60 of 77
  2. Page 2 of 3
  3. First
  5. 1
  6. 2
  7. 3
  9. Last

Thread: My friend lost 3 millions USD in crypto (srs)

post 1643251953 07-20-2021, 12:59 PM
-
#31
  1. meanstringbean
  2. Registered User
  1. meanstringbean
  2. Registered User
  3. Join Date: Mar 2019
  4. Age: 56
  5. Posts: 11,550
  6. Rep Power: 58418
Originally Posted By ShadowBarkley⏩
You do understand he hasnt lost anything because he hasnt sold anything yet right?
imagine being this stupid
post 1643252513 07-20-2021, 01:06 PM
-
#32
  1. AWillis
  2. Social Media Influencer
  1. AWillis
  2. Social Media Influencer
  3. Join Date: Jun 2012
  4. Location: Trump Towers
  5. Height: 6'0"
  6. Weight: 175 lbs
  7. Posts: 40,383
  8. Subscribers: 4
  9. Rep Power: 197859
buy high sell low
Cobra Kai Crew

srs
post 1643258593 07-20-2021, 02:34 PM
-
#33
  1. MotorCityCobra
  1. MotorCityCobra
  3. Join Date: Jul 2015
  4. Location: Oslo, Norway
  5. Age: 35
  6. Posts: 4,936
  7. Rep Power: 52194
Originally Posted By Nonsense916⏩
Fuark I remember you talking about this awhile ago
yeah i was so happy for him and it was a legendary tale we could share with friends and family for eternity. but now its a sad tale tbh unless his chitcoin smashes it in next couple of years
post 1643258843 07-20-2021, 02:38 PM
-
#34
  1. MikeLowrrrey
  1. MikeLowrrrey
  3. Join Date: Jul 2018
  4. Age: 56
  5. Posts: 35,185
  6. Subscribers: 2
  7. Rep Power: 121600
Originally Posted By tunejunkie⏩
Somewhat off topic but if he sells, doesn’t it get taxed at like 40% for capital gains?
No, that's if he's been holding less than a year, e.a. short term capital gains. Since he's been holding since 2019, he'll only pay long term
post 1643259033 07-20-2021, 02:41 PM
-
#35
  1. roughinhouse
  2. Registered User
  1. roughinhouse
  2. Registered User
  3. Join Date: Jun 2020
  4. Age: 56
  5. Posts: 4,237
  6. Rep Power: 11089
Originally Posted By Jhamaican⏩
you act like BTC has never had volatility before...

you friend is smart for holding.

wait and see in 5-10 years.
no at that point you put on a stop loss and rebuy when it dips. Hodling is retarded
post 1643259223 07-20-2021, 02:45 PM
-
#36
  1. A-GAME
  2. Pedicabo ego vos et irrum
  1. A-GAME
  2. Pedicabo ego vos et irrum
  3. Join Date: Nov 2006
  4. Posts: 47,648
  5. Rep Power: 280053
Market timing is difficult, but I certainly would have taken partial profits in this scenario. Fear and greed is what drives us, though. And it's fear and greed that drive us to make poor decisions.
Still Cuckin On Four Fours, Wrapped In Four Voes
post 1643259353 07-20-2021, 02:46 PM
-
#37
  1. nn586
  2. 🤡🌎
  1. nn586
  2. 🤡🌎
  3. Join Date: Jun 2009
  4. Location: United States
  5. Posts: 41,697
  6. Rep Power: 405369
and it will go back up again eventually

fkn lol this sounds like Dec 2017 panic
post 1643260053 07-20-2021, 02:55 PM
-
#38
  1. zknarc
  2. Registered User
  1. zknarc
  2. Registered User
  3. Join Date: May 2016
  4. Location: United Kingdom (Great Britain)
  5. Posts: 16,421
  6. Rep Power: 44912
Stupid games....

If you can't handle me when I'm incel, you don't deserve me when I'm chad
post 1643260293 07-20-2021, 02:58 PM
-
#39
  1. WantFatJohnson
  2. Banned
  1. WantFatJohnson
  2. Banned
  3. Join Date: May 2021
  4. Age: 56
  5. Posts: 1,587
  6. Rep Power: 0
he's retarded for not cashing out a sweet half mil when he hit $3 mil

got too greedy
post 1643260313 07-20-2021, 02:58 PM
-
#40
  1. DSTEE
  2. Registered User
  1. DSTEE
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 10,150
  5. Rep Power: 41750
Originally Posted By tunejunkie⏩
Somewhat off topic but if he sells, doesn’t it get taxed at like 40% for capital gains?
In OPs country, its 27% tax for gains
post 1643261913 07-20-2021, 03:21 PM
-
#41
  1. Imaneya
  2. Registered User
  1. Imaneya
  2. Registered User
  3. Join Date: Nov 2011
  4. Age: 37
  5. Posts: 4,675
  6. Rep Power: 20127
Feels.

I'm down around 75% over the last 3 months. Hoping this bear cycle closes out towards end of summer and we bounce.

Glad I cashed out a chunk of profits a few of weeks ago.
Never take it personal, even when it is.

HTC
post 1643262263 07-20-2021, 03:28 PM
-
#42
  1. MotorCityCobra
  1. MotorCityCobra
  3. Join Date: Jul 2015
  4. Location: Oslo, Norway
  5. Age: 35
  6. Posts: 4,936
  7. Rep Power: 52194
Originally Posted By DSTEE⏩
In OPs country, its 27% tax for gains
no for crypto the tax is only 22% here in Norway no matter if you HODL for a few hours or years. 3 mil is enough to be set for life, i will never understand why he did not cash out at that point. its never worth the risk at that point
post 1643263113 07-20-2021, 03:42 PM
-
#43
  1. ajctennis
  2. Registered User
  1. ajctennis
  2. Registered User
  3. Join Date: Nov 2010
  4. Age: 36
  5. Posts: 1,875
  6. Rep Power: 5876
If there was liquidity to exit, you “ had” it.
Originally Posted By Anachron⏩
How can you lose something you never had?
post 1643263743 07-20-2021, 03:50 PM
-
#44
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Originally Posted By Jhamaican⏩
you act like BTC has never had volatility before...

you friend is smart for holding.

wait and see in 5-10 years.
this is clearly not a btc heavy investment, if even at all...
"It won't get better, just different."
post 1643269453 07-20-2021, 05:14 PM
-
#45
  1. FilsGoodMan
  2. Registered User
  1. FilsGoodMan
  2. Registered User
  3. Join Date: Dec 2017
  4. Age: 56
  5. Posts: 6,656
  6. Rep Power: 21260
Originally Posted By SuperHercules⏩
OP didn't anticipate that anyone would be able to do basic math when he was making up his story
Lol at noobs that don't know about alt coins. Some coins went up 100x+ in this bullrun like in 2017.

So let's say he invested in a coin that did 30x, that's $300k, then he put that into another coin. 10x and you have 3 mill.
PUREBLOOD CREW
post 1643269683 07-20-2021, 05:17 PM
-
#46
  1. taskmob
  1. taskmob
  3. Join Date: May 2015
  4. Age: 32
  5. Height: 5'11"
  6. Posts: 8,482
  7. Subscribers: 1
  8. Rep Power: 0
Originally Posted By MotorCityCobra⏩
Around 1-2 months ago my friend had 3 million USD in profits in crypto from an initial investment of only 10 000 dollars in 2019. Now he is down to 550k USD in profits (i know, still a unreal amount). Like a true retard he did not take any profits and was HODLING this whole time. I will never understand it, 3 millions would change his and his familes life forever. Im sad for him srs
LoL it's never retarded to Hold. He'll eventually be back to where he was or higher.
Fk the Good Poster Crew (Lockdev, Pink, Kimm, Wasps, Expatriot, Mulloway, Luc1fer, Smallpeter, gwg, Super Hercules, Bonobo, maori-rap, Based Bagel, ezmac31, Goobaa, Godfrd and many more). You know who you are.
post 1643269913 07-20-2021, 05:20 PM
-
#47
  1. Realclout
  2. Registered User
  1. Realclout
  2. Registered User
  3. Join Date: Oct 2016
  4. Posts: 11,378
  5. Rep Power: 21839
Originally Posted By MotorCityCobra⏩
Around 1-2 months ago my friend had 3 million USD in profits in crypto from an initial investment of only 10 000 dollars in 2019. Now he is down to 550k USD in profits (i know, still a unreal amount). Like a true retard he did not take any profits and was HODLING this whole time. I will never understand it, 3 millions would change his and his familes life forever. Im sad for him srs
Brutus, That's what happens when you hit the DIGITAL lottery same with the REAL life lottery GETTING lucky doesn't provide you with the knowledge and SKILLSET to actually manage or MAKE intelligent financial decisions when IT didn't take knowledge to accomplish such a fortune.

SRS.
- Keep the misc great again

- Watch my poo flush while holding the plunger to make sure I don't flood the bathroom crew.

- You can be REALCLOUT too VIA the REALCLOUT text GENERATOR sponsored BY miscmathematician SRS

Click here ----------------> https://js.do/caffeinatedlogic/50858



The world is YOURS boyos.
post 1643270233 07-20-2021, 05:26 PM
-
#48
  1. FilsGoodMan
  2. Registered User
  1. FilsGoodMan
  2. Registered User
  3. Join Date: Dec 2017
  4. Age: 56
  5. Posts: 6,656
  6. Rep Power: 21260
Originally Posted By ajctennis⏩
If there was liquidity to exit, you “ had” it.
I had this argument with friends several times. Even at $3 mill you can exit at the click of a button depending on the liquidity. To me that qualifies as having the money and losing it if you hold.

In 2017 I invested $7k and peaked at $380k, got out with $18k after the crash due to greed in 2018. There was enough liquidity to sell at any point, I had already sold $200k at the click of a button to test it. So in my mind I lost $360k, anything else is cope.

"You havent lost anything until you realise profits bro" is a gambling mindfuk designed to make you think you didn't fuk up so you keep playing the game srs. If you walk into a casino with $100 and end up with $1m in chips, if you don't walk to the counter and cash in, then keep gambling and go back to $100, you lost $1m, simple as that.
PUREBLOOD CREW
post 1643270683 07-20-2021, 05:33 PM
-
#49
  1. MisterInfinity
  2. Registered User
  1. MisterInfinity
  2. Registered User
  3. Join Date: Jan 2014
  4. Age: 37
  5. Posts: 2,035
  6. Rep Power: 16409
You are basically obsessed with ur "friend" aren't you? I think I have seen maybe 20 posts of u talking about that same shiet, you are like a broken record.

I think deep down u are bitter he made so much "possible" profit, and you have been getting rekt in stocks since uve start investing.

But guess what boyo? Most likely he will make not 3 but 10 million or more in a few months/years if he holds, and you will be still sucking hard fat cocks.

Stay bitter and mad *******.
post 1643270803 07-20-2021, 05:35 PM
-
#50
  1. FilsGoodMan
  2. Registered User
  1. FilsGoodMan
  2. Registered User
  3. Join Date: Dec 2017
  4. Age: 56
  5. Posts: 6,656
  6. Rep Power: 21260
Originally Posted By taskmob⏩
LoL it's never retarded to Hold. He'll eventually be back to where he was or higher.
Not true at all. Depends on what he made his money on and what he's holding now. I'm assuming he bought alt coins in the ~10s of millions marketcap. Many of them did not reach their previous ATH this bullrun so HODLing doesn't always work.

But you can almost guarantee there will be another bull run mid 2023-2024. It seems to follow a pattern of 6 month bullrun followed by 2-3 year bear market, 2013-2014, 2017-2018, 2020-2021. Smart money will invest in ~10mill-100 mill marketcap coins in late 2023.
PUREBLOOD CREW
post 1643271613 07-20-2021, 05:48 PM
-
#51
  1. Beast92
  2. Banned
  1. Beast92
  2. Banned
  3. Join Date: Jan 2009
  4. Location: Mexico City, Mexico
  5. Posts: 32,363
  6. Rep Power: 0
I know a guy who lost around a million USD initial investment when it crashed to 3k, i think he did drop out and realized the loss in 2019

Your friend didnt lose money, he never realized his earnings and he is still 50x into his initial investment
post 1643271843 07-20-2021, 05:51 PM
-
#52
  1. FilsGoodMan
  2. Registered User
  1. FilsGoodMan
  2. Registered User
  3. Join Date: Dec 2017
  4. Age: 56
  5. Posts: 6,656
  6. Rep Power: 21260
Originally Posted By Imaneya⏩
Feels.

I'm down around 75% over the last 3 months. Hoping this bear cycle closes out towards end of summer and we bounce.

Glad I cashed out a chunk of profits a few of weeks ago.
Won't bounce back until around 2023 if it follows the other bull run cycles
PUREBLOOD CREW
post 1643272013 07-20-2021, 05:53 PM
-
#53
  1. FilsGoodMan
  2. Registered User
  1. FilsGoodMan
  2. Registered User
  3. Join Date: Dec 2017
  4. Age: 56
  5. Posts: 6,656
  6. Rep Power: 21260
Originally Posted By Beast92⏩
I know a guy who lost around a million USD initial investment when it crashed to 3k, i think he did drop out and realized the loss in 2019

Your friend didnt lose money, he never realized his earnings and he is still 50x into his initial investment
Cope. He had $3mill in his account. He didn't click a button. He lost $2.5m. It's that simple.
PUREBLOOD CREW
post 1643272523 07-20-2021, 06:02 PM
-
#54
  1. dbluevette
  2. Let's go Brandon!
  1. dbluevette
  2. Let's go Brandon!
  3. Join Date: Sep 2007
  4. Location: Texas, United States
  5. Posts: 16,355
  6. Rep Power: 70907
He should take his $500k and call it good. He's still up a great deal from initial 10K
Balloon knot connoisseur.
post 1643273053 07-20-2021, 06:11 PM
-
#55
  1. wolfofmarkcity
  2. Registered User
  1. wolfofmarkcity
  2. Registered User
  3. Join Date: Jul 2016
  4. Age: 39
  5. Posts: 1,895
  6. Rep Power: 8258
Originally Posted By F1exAppeal⏩
Why not scale out and then back in on the dip tho? This all or nothing **** is just pure gambling
Because getting in and out of positions based on price action, news, etc is actual trading which requires proper knowledge.

It's easier to just hold and hope random internet people aren't mistaken about the grandiose price targets. To the moon lol.
post 1643273323 07-20-2021, 06:17 PM
-
#56
  1. umop3pisdn
  2. Registered Muser
  1. umop3pisdn
  2. Registered Muser
  3. Join Date: Jan 2009
  4. Posts: 15,406
  5. Rep Power: 77939
Bitcoin was worth like 10k in 2019. At it's peak it was what, 58k or some chit? How the fk does 10k become 3mil
post 1643273873 07-20-2021, 06:25 PM
-
#57
  1. q0c0p
  2. Registered User
  1. q0c0p
  2. Registered User
  3. Join Date: Aug 2020
  4. Age: 56
  5. Posts: 2,305
  6. Rep Power: 6391
Hoooolllllld the dooooorrrr.....hooooooooll dA doooooooorrr...hooooodoooorrrr
post 1643274043 07-20-2021, 06:28 PM
-
#58
  1. anonkunbrah
  1. anonkunbrah
  3. Join Date: Jul 2015
  4. Posts: 52,520
  5. Subscribers: 1
  6. Rep Power: 372923
post 1643274393 07-20-2021, 06:37 PM
-
#59
  1. Realclout
  2. Registered User
  1. Realclout
  2. Registered User
  3. Join Date: Oct 2016
  4. Posts: 11,378
  5. Rep Power: 21839
- Keep the misc great again

- Watch my poo flush while holding the plunger to make sure I don't flood the bathroom crew.

- You can be REALCLOUT too VIA the REALCLOUT text GENERATOR sponsored BY miscmathematician SRS

Click here ----------------> https://js.do/caffeinatedlogic/50858



The world is YOURS boyos.
post 1643274523 07-20-2021, 06:41 PM
-
#60
  1. DrugsToGetBig
  2. So it begins
  1. DrugsToGetBig
  2. So it begins
  3. Join Date: Jun 2012
  4. Location: New Jersey, United States
  5. Age: 33
  6. Height: 6'1"
  7. Weight: 220 lbs
  8. Posts: 38,557
  9. Subscribers: 6
  10. Rep Power: 415994
Originally Posted By umop3pisdn⏩
Bitcoin was worth like 10k in 2019. At it's peak it was what, 58k or some chit? How the fk does 10k become 3mil
wasn't btc it was telcoin
*Forever Alone Crew*
*Neg FireofAss Crew on SIGHT Crew*
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts