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Litecoin is stable AF lately
I been having dreams…

Hpw do I buy alt coins? Deloitte, a u tattooing?
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Well, you will think differently once the stock market crash. lol
Always think of this rule - NEVER put all eggs in one basket.
You thought you would make 200%+ in crypto, right. Well, oops, boom. You didn't. So what now.
I always think why I didn't buy Netflix at their IPO of $17. Or got more BTC at 3-4k back in 2018. Or Tesla at $200 before the split.
Smile! You will get your payout. Be patient!!
Agreed, if your goal is to invest long term crypto should account for no more than 5% of total investments.
Bowl Leader
OP, it sounds like u put $200k in the run up to the top or right at the top. Had u DCA-ed or diversified, you wouldn’t have been here. Don’t get greedy, also you haven’t booked any losses if u haven’t sold. My 2 cents would be to book some losses (for tax purposes) and hold the rest, you’ll thank me in 2-3 years.
Conversation Starter
If you’re looking for crypto returns now instead of holding on for the long run, you’re playing the wrong game.
Over 2 years??! You should be up or even?
Or he just increased his cost basis by buying at higher prices???? #logic
Pro
You should feel bad but take it as a lesson. Since you're the kind of person to even have 200k to throw away time to take some serious self reflection and decide if you can HODL or start harvesting those losses and build a portfolio and some investmenting discipline
How did you manage to lose that much when btc is up 800% over the last two years? Did you only buy on the peaks?
And yet OP is going on about “investing in index funds”. I bet he/she would have just lost the same on meme stocks.
Rising Star
Must have been alts and shitcoins. It is still legal to do wash sales in crypto…maybe it’s time for you to harvest some tax losses and gear up for the moonshot?
My advice is buy assets that have long term potential and dollar cost average.
If you’d done this you wouldn’t be at a loss on crypto.
Avoid hype, do your research and make regular investments.
Finally, be patient. Wealth accumulation is a marathon not a sprint.
Forgive this intrusion, but I want to add something else to the discussion related to impulse control. Ask yourself why you chose to invest this way. I don't want to assume anything or jump to conclusions, but please consider you in this equation, your psychology, your emotional health. Was this Fear of Missing Out (FOMO), or passive competition with people you know? My only point here is that all investments start w a decision, so you need to include yourself in that analysis. Getting therapy can be great investment advice. One last thing, if you jumped into crypto bc your friends boasted how much they made... they probably lied. Or bragged about the big win, but forgot to mention all the losses.
Lastly, you are only 20% down. That's not so bad!
If you are young cheer up and HODL. Quick buck is for speculators, wealth is for HODLers.
If you are older, cheer up, you may win the lottery this year or next year, who knows.
I got five CPU, one laptop and one antiminer S9 i use in mining crypto coins i had to connect them all together to increase the hash rate to 72,000....GW or 72 Terawatts of power provided by the antiminer to mine a bitcoin using the average power usage provided by ASIC miners..dm me for guidance and services
Yes it’s , send me a mail at Sneakoutcloud@gmail.com for more explanations and enquires about the ASIC
Then sorry - you did it wrong. I mean over the last two years?! The best short term run since its inception? Did you DCA? I'd think not. Did you just bet your eggs on alts? I'm sure. I may be wrong but it's a tad baffling
Keep hodling you aren’t there only one
What crypto did you invest in and what index funds gained 50% in the last two years
So you irresponsibly bet everything on one very volatile asset. It's important to diversify. I know this is the crypto bowl but don't put your entire savings into crypto, please.
It's good to have a mix of stocks, crypto, real estate, ibonds, etc. I honestly think crypto still has a ways to go down. If you can't stomach losing more, then you bet more than you're willing to lose, which goes against investing advice.
Conversation Starter
How?
Just dollar cost avg into good projects and you will be fine long term. Don’t try trading it as you will loose a arm and a leg.
This might make you feel better: https://www.youtube.com/watch?v=5IcvRe8bQhU
What’s your crypto portfolio
Op what’s your portfolio