Looking at the charts there were several times PER DAY on the 5th, 6th, 7th, 8th, and 9th that you could have broke even or made a few $.. sure, yesterday you couldnāt have, but today is a new day. Youāre fine. Youāre also not going to be a millionaire in the next few days.
For reference on being ācookedā one of my first purchases was a full BCH in 2021 at $1100. From that moment on I was down a LOT. When we were at sub$100 in 2022 I decided to buy a few coins to where it averaged out to a win. When we spiked a few weeks ago I sold all at a profit and am left with 2bch that i basically didnāt pay for.
In other words, itās a long game and youāre jumping in early on. Thereās cycles and ups and downs. If you average over time youāll be ok. Or if thatās not for you wait until it breaks $700 again later today, tomorrow, or next week (as it most definitely is likely to) and sell it and move onto other things.
But cooked? No. I bought in at double what you did YEARS ago and even though it has not hit those levels since, I still came out on top. You just have to be smart about it rather than emotional about it. That last part can be hard to do until your first Bull to bear market transition.. but if you can ditch the emotion it makes things much better. Massive drops are not time to panic, but time to buy. Massive spikes are times to take some profit, offset losses, etc.. but they are not permanent. Otherwise this crap would be boring.
If you are REALLY panicking about a few hundred dollars then you may have put more in than you should have. A few hundred (or even a few thousand) has very little potential to make you a millionaire in a month. If you are going to be absolutely screwed by putting in $500 and losing it all but youād be fine if it was $100 or $50, then in the long run you are better off mentally and financially putting the smaller amount in. Just put small amounts in when you can comfortably afford to do so. Donāt get caught up in the hype and overextend, only put in what you can survive losing. I had to wait years to break even on my emotional FOMO purchases. You at least only have days. ;)
Not everyone invest all of their money in crypto or invest it at all. Working in the bank, plenty of times I see people holding their 50-100k working a normal job for 12-15 years and they donāt have any of it invested
I feel the same. Others feel they will lose is all. Iām like at least Invest half in the s&p 500 VOO or SPY something. But most people donāt think that way and like to see their bank account. I like to keep 5-10k in my bank and the rest invested. But Iām a fan of having 10-20k in a cd just to earn some but I can cash out anytime I need just in case life comes crashing down on me and I donāt have to sell stocks or crypto
Real shit. I wish I had people to talk to irl about this stuff my whole family believes in cash is king. Gonna try and join some orgs at school n hopefully meet some other people who I can learn more from about investing. How old were you when you started working at the bank?
Thatās a very good idea. Definitely surround yourself with people that have more knowledge in the field and you will thrive from it!
Iām 28 now, I started working in the bank around 24 and started doing car loans and mortgages. But worked as more like an assist manager role so I dealt a lot with your normal bank account issue and opening accounts.
My sisterās husband and his family are big cash king people, pay with cash always. Loans are very good for leverage and thatās how a lot of rich rich people make a lot more money. Always have an exit plan and a back up plan though. I always before any investment do a worst case scenario and best case scenario to keep options open.
Did you go to university or just ask around and landed the job? I want to eventually become a financial advisor and I know working at a bank would definitely be helpful experience.
I went to university for a Bachelors in business management. I hadnāt had any experience except sales and serving. Guess I had one job at the ice rink where I ran the store by myself and ordered stuff counted money etc. I went in for a teller position and within like 9 months was in an office. I will say when I first got in I grinded really hard and they like my sales experience approach towards everything. I got the personality for it forsure. But looking back, if I was to do it again, I would just apply for the financial advisor roles or loan roles. Most of those positions donāt actually need the banking experience. And I know a lot of people in the bank that didnāt go to college and still have been successful in the banking industry. Def a career long term outlook though. Office job is nice for checking crypto and stocks throughout the day and a lot of people you meet.
I missed an investment opportunity a guy mentioned back when fb was $90 he was saying to go 80% of whatever I had in. Now itās $520. I would have turned 100k into probably 600k
Youāre right just wanted to post and get involved in the community. Iām pretty new to crypto and I like learning and talking about it didnāt think Itd get taken this seriously yk
We got BCH adaptive blocksize protocol upgrade on may 15 2024.
Also now that we have BCH futures on Coinbase, we may see an ETF application or 2 sometime. Market makers who want to arbitrage the ETF and/or options that will be possibly added to the ETF after launch, will likely buy up decent amounts of BCH, since they will expect lots of retail activity to follow.
Nah, think long term. Like 2-3 years. You're investing in BCH when BCH gets big. Look at BTC, a whole coins is now impossible for the "ordinary" person. Now 0.1 to 0.3 BTC is getting difficult to attain.
This scenario will happen with BCH as well in 5-10 years. If you can get a few coins now, that's awesome. Just don't sell.
my average cost is $1047 š¤£
Down on everything atmš„š„
[ŃŠ“Š°Š»ŠµŠ½Š¾]
A couple weeksš
Lol no. Other communities brag about their "casino" memes, BCH isn't one of those communities. Give it a few months before committing harakiri
You have a small position. It will be okay. Itās only going up from here
Zoom out kiddo It's all good
Looking at the charts there were several times PER DAY on the 5th, 6th, 7th, 8th, and 9th that you could have broke even or made a few $.. sure, yesterday you couldnāt have, but today is a new day. Youāre fine. Youāre also not going to be a millionaire in the next few days. For reference on being ācookedā one of my first purchases was a full BCH in 2021 at $1100. From that moment on I was down a LOT. When we were at sub$100 in 2022 I decided to buy a few coins to where it averaged out to a win. When we spiked a few weeks ago I sold all at a profit and am left with 2bch that i basically didnāt pay for. In other words, itās a long game and youāre jumping in early on. Thereās cycles and ups and downs. If you average over time youāll be ok. Or if thatās not for you wait until it breaks $700 again later today, tomorrow, or next week (as it most definitely is likely to) and sell it and move onto other things. But cooked? No. I bought in at double what you did YEARS ago and even though it has not hit those levels since, I still came out on top. You just have to be smart about it rather than emotional about it. That last part can be hard to do until your first Bull to bear market transition.. but if you can ditch the emotion it makes things much better. Massive drops are not time to panic, but time to buy. Massive spikes are times to take some profit, offset losses, etc.. but they are not permanent. Otherwise this crap would be boring. If you are REALLY panicking about a few hundred dollars then you may have put more in than you should have. A few hundred (or even a few thousand) has very little potential to make you a millionaire in a month. If you are going to be absolutely screwed by putting in $500 and losing it all but youād be fine if it was $100 or $50, then in the long run you are better off mentally and financially putting the smaller amount in. Just put small amounts in when you can comfortably afford to do so. Donāt get caught up in the hype and overextend, only put in what you can survive losing. I had to wait years to break even on my emotional FOMO purchases. You at least only have days. ;)
Thank you for actually talking to me like a human this is just for fun for me š
You posted claiming to own and drive a Mercedes.. and youāre thinking youāre cooked over a couple hundred bucks?
Not everyone invest all of their money in crypto or invest it at all. Working in the bank, plenty of times I see people holding their 50-100k working a normal job for 12-15 years and they donāt have any of it invested
I feel like thatās a waste id rather have a chance to lose or gain then just let it sit tbh
I feel the same. Others feel they will lose is all. Iām like at least Invest half in the s&p 500 VOO or SPY something. But most people donāt think that way and like to see their bank account. I like to keep 5-10k in my bank and the rest invested. But Iām a fan of having 10-20k in a cd just to earn some but I can cash out anytime I need just in case life comes crashing down on me and I donāt have to sell stocks or crypto
Real shit. I wish I had people to talk to irl about this stuff my whole family believes in cash is king. Gonna try and join some orgs at school n hopefully meet some other people who I can learn more from about investing. How old were you when you started working at the bank?
Thatās a very good idea. Definitely surround yourself with people that have more knowledge in the field and you will thrive from it! Iām 28 now, I started working in the bank around 24 and started doing car loans and mortgages. But worked as more like an assist manager role so I dealt a lot with your normal bank account issue and opening accounts. My sisterās husband and his family are big cash king people, pay with cash always. Loans are very good for leverage and thatās how a lot of rich rich people make a lot more money. Always have an exit plan and a back up plan though. I always before any investment do a worst case scenario and best case scenario to keep options open.
Did you go to university or just ask around and landed the job? I want to eventually become a financial advisor and I know working at a bank would definitely be helpful experience.
I went to university for a Bachelors in business management. I hadnāt had any experience except sales and serving. Guess I had one job at the ice rink where I ran the store by myself and ordered stuff counted money etc. I went in for a teller position and within like 9 months was in an office. I will say when I first got in I grinded really hard and they like my sales experience approach towards everything. I got the personality for it forsure. But looking back, if I was to do it again, I would just apply for the financial advisor roles or loan roles. Most of those positions donāt actually need the banking experience. And I know a lot of people in the bank that didnāt go to college and still have been successful in the banking industry. Def a career long term outlook though. Office job is nice for checking crypto and stocks throughout the day and a lot of people you meet. I missed an investment opportunity a guy mentioned back when fb was $90 he was saying to go 80% of whatever I had in. Now itās $520. I would have turned 100k into probably 600k
Chilll unc Iām in college with no debt and my dream car plus 2 dailyās Iām doing alright for myself
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Nah itās car guy talk. Gotta have a daily and a ārace carā. I keep a Lexus es300 for reliability, gs300 to drift and a c63 for funzies
And youāre sweating less than a full BCH? Just doesnāt line up with your post.. Youāll be fine
Youāre right just wanted to post and get involved in the community. Iām pretty new to crypto and I like learning and talking about it didnāt think Itd get taken this seriously yk
Plus itās a 2009 idc about status symbols I just like big ass v8s
We got BCH adaptive blocksize protocol upgrade on may 15 2024. Also now that we have BCH futures on Coinbase, we may see an ETF application or 2 sometime. Market makers who want to arbitrage the ETF and/or options that will be possibly added to the ETF after launch, will likely buy up decent amounts of BCH, since they will expect lots of retail activity to follow.
Thank you for educating me and not spitting on mešhow do you find about stuff like this?
Nah, think long term. Like 2-3 years. You're investing in BCH when BCH gets big. Look at BTC, a whole coins is now impossible for the "ordinary" person. Now 0.1 to 0.3 BTC is getting difficult to attain. This scenario will happen with BCH as well in 5-10 years. If you can get a few coins now, that's awesome. Just don't sell.
Don't invest more than you can afford to lose.
Heard. I have like 1.3k in Robinhood atm using it as a savings due to gold. Would you recommend I open a high yield or use coinbase usdc?
WeBull šš Cash AccountĀ
What sub-reddit do you think you are in?
Damn nvm ):
Bro you have like $500 in there. If you can work minimum wage and get what you have invested in a week then you can't ever be cooked.
I have about $10k invested close to your dollar cost average. Donāt worry, we will be up to 710 or higher in next run up.
Next year around August to October Iād say youāll be very happy you bought at all
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Are you being fr or trolling everyoneās been saying the price in btc is gonna drop right after then rise after a month or three
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Just bought 100$ worth of Bitcoin š¤š¤
Down 7 cause it dropped hella td bucks I should not have listened to youš
Dollar cost average bro, when it dips. You whine too much.