1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
mrjoncampbell
mrjoncampbell
Virtuous_Brotha
Superstar
I'm in a similar position, nowhere near that portfolio ATH though (mine was close to 500k, it's sitting just below six figures as of now alongside a 12k debt mjcry) , unless you already had a milly in the bank why didn't you at least sell half and secure a milly at that point breh? You had already "made it"I'm feeling the pain. Don't like to talk numbers too much, but I'm down from my ATH of over $2mil to under $250,000 in crypto today. It was only one year ago..
I promise I'll take profits next run. Just give me one..
One costly lesson, the thought of being stabled up with that milly and buying back at these current price levels would be some serious generational wealth by the next run, but still having a comfy 250k in the lows of a year long bear market is still a good azz position you have.
I'm in a similar position, nowhere near that portfolio ATH though (mine was close to 500k, it's sitting just below six figures as of now alongside a 12k debt mjcry) , unless you already had a milly in the bank why didn't you at least sell half and secure a milly at that point breh? You had already "made it"
One costly lesson, the thought of being stabled up with that milly and buying back at these current price levels would be some serious generational wealth by the next run, but still having a comfy 250k in the lows of a year long bear market is still a good azz position you have.
It's obviously a lot easier said than done, and hindsight is 20/20. I don't want to use ATH as I wouldn't have been able to sell everything at that, but there were months where I was over $1.5 for a little while. I kick myself for not selling in November last year though. My ATH was May 2021. Tough to pull the trigger when it goes down nearly 50% in just a day or two in December, and then you hope it goes back up, yet it just slow bleeds for an entire year.
All this!
ogc163
Superstar
How Did SBF Convince West Africans Crypto Was Their Future?
At least Madoff’s clients were rich.
nymag.com
" The swift collapse of FTX devastated the people who had trusted FTX’s local promoters. Several Nigerians I spoke with told me that they, or their friends, had lost their entire life savings: six figures in one case, $10,500 in another, $100 someone had managed to scrape together. Nestcoin, a Nigerian crypto company, was forced to lay off at least 30 people after losing millions in an FTX account, and many expected the contagion to spread to other African crypto companies. “I should start by saying that I’m currently in hiding,” Harrison Obiefule, a Nigerian who ran FTX Africa’s marketing efforts, said on Twitter the day FTX declared bankruptcy. “I’ve been getting threats and calls nonstop from celebrities, family, friends, and strangers. The repercussions have only just begun.” He put a laptop up for sale on Twitter and pinned a peace-sign emoji to his account."
How Did SBF Convince West Africans Crypto Was Their Future?
At least Madoff’s clients were rich.
" The swift collapse of FTX devastated the people who had trusted FTX’s local promoters. Several Nigerians I spoke with told me that they, or their friends, had lost their entire life savings: six figures in one case, $10,500 in another, $100 someone had managed to scrape together. Nestcoin, a Nigerian crypto company, was forced to lay off at least 30 people after losing millions in an FTX account, and many expected the contagion to spread to other African crypto companies. “I should start by saying that I’m currently in hiding,” Harrison Obiefule, a Nigerian who ran FTX Africa’s marketing efforts, said on Twitter the day FTX declared bankruptcy. “I’ve been getting threats and calls nonstop from celebrities, family, friends, and strangers. The repercussions have only just begun.” He put a laptop up for sale on Twitter and pinned a peace-sign emoji to his account."
Isn't Nigeria one of the wealthier African countries? Actually 31 in GDP, 1 in Africa, just above Egypt. So if it had that big of an impact there, can't imagine in the much poorer nations. I know that Congo or one of those countries was making BTC legal tender. Not sure what that status is but I'm sure they're hurting as well. Bad enough those people are poor, but to get screwed like that makes it much worse. I feel for them.
Virtuous_Brotha
Superstar
How Did SBF Convince West Africans Crypto Was Their Future?
At least Madoff’s clients were rich.
" The swift collapse of FTX devastated the people who had trusted FTX’s local promoters. Several Nigerians I spoke with told me that they, or their friends, had lost their entire life savings: six figures in one case, $10,500 in another, $100 someone had managed to scrape together. Nestcoin, a Nigerian crypto company, was forced to lay off at least 30 people after losing millions in an FTX account, and many expected the contagion to spread to other African crypto companies. “I should start by saying that I’m currently in hiding,” Harrison Obiefule, a Nigerian who ran FTX Africa’s marketing efforts, said on Twitter the day FTX declared bankruptcy. “I’ve been getting threats and calls nonstop from celebrities, family, friends, and strangers. The repercussions have only just begun.” He put a laptop up for sale on Twitter and pinned a peace-sign emoji to his account."
@ the headline, there really needs to be a distinction between crypto and a shady exchange
ogc163
Superstar
Sbp
Superstar
Sensationalism breh
Virtuous_Brotha
Superstar
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In The Zone '98
Superstar
Please keep the same energy 2024/2025
ogc163
Superstar
I've been keeping the same energy for quite some time beloved, you don't gotta worry about that.
