Update: Lost $87,000 in crypto

Jet.com Kafunk
May 14 31 Comments

https://us.teamblind.com/s/ckHrR1ub

Sold out this morning after doubling down last December. To all that doubted you would have cost me a ton of money.

I’m now out of the market and made a profit.

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TOP 31 Comments
  • New qertzcv
    You will be back when BTC hits $100k. You will FOMO in and lose again
    May 14 2
    • IBM ybe57s
      If bitcoin hits 100k I’ll eat my own balls
      May 14
    • Google bo o
      mcafee is that you?
      May 14
  • Google smellypoop
    Trade history / gtfo
    May 14 0
  • Broadcom Ltd. ravenwwwe
    Never invest in it. You buy hoping that next guy buys at price higher than you bought. And so on. It is bound to crash.
    May 14 10
    • Bo o, I couldn’t agree more. I don’t think i will ever again use bank to transfer money internationally. Lol.
      A few years ago i paid $60 in fees on $1100 transfer.
      Someone moved $247M worth of bitcoin the other day and paid 30 cents in fees.
      May 14
    • Broadcom Ltd. ravenwwwe
      @bazzingaa you didn’t answer my question. If you understand bitcoin then tell me how do you value it ? What would it take for bitcoin to reach 20000$ again ? It’s a pure gamble. If you believe in it so much then how much of your portfolio is in bitcoin ?
      May 14
    • I like diversification, i am not all in. Who told you the dollar will be around tomorrow and there won’t be any super inflation?
      You can’t feel the power of crypto in the western world yet, but look at Venezuela? Bitcoin has proven to work where traditional financial system fails.
      Also, banks are a joke. I am better off stashing cash under my mattress. Banks don’t give interest. My money will equally depreciate in the bank and under the mattress. The latter will provide me with full access to my money at all times as opposed to the former.
      May 15
    • Broadcom Ltd. ravenwwwe
      @bazzingaa diversification is good. You will know if dollar is not going to be around tomorrow before it happens. It won’t disappear in a day. Oil trades in dollars. We have to wait until it stops trading in dollars. Venezuela has hyper inflation and economical and political crisis. I hope people from Venezuela doesn’t loose all their money in bitcoin. It’s hard to buy anything in large amount using bitcoin. I don’t see anyone accepting bitcoin payment for 2million dollar worth home. They will want the amount in dollars because they don’t know what’s it worth would be the next moment deal happens. How are you going to use it as a main currency if it’s value itself keeps changing. Well banks worh that way. If you get more interest for you money then you have to pay more interest to borrow it. You can get 8-9% interest rate on your money in india but you don’t know how much the currency will depreciate against dollar and you may not make any money on dollars. I think there are many ways of diversification but stashing cash under your mattress is not one of them
      May 15
    • Oh no. I am definitely nit stashing cash under mattress. Just don’t believe in banks in general :)
      May 15
  • Google bo o
    why are you out? the bull run literally just started.
    May 14 1
    • Compass / Eng
      FUPayMe

      Compass Eng

      PRE
      Google
      FUPayMemore
      Or... more people may be looking to unload those heavy bags
      May 14
  • Nvidia greekie
    btc basically doubled this past month.. hope you didn't just get rekt twice.
    May 14 0
  • Ericsson / Eng rawr🙈🙉
    Glad to hear you made it out man 😊
    May 14 0
  • BitGo XpoH71
    The institutional investors are here though man!
    May 14 6
    • BitGo XpoH71
      These people are desperate to get in across the board. They can’t because for their AUM is so high they can only store it in secure regulator blessed places which they can trust.
      May 14
    • What is AUM?
      May 14
    • BitGo XpoH71
      Assets under management
      May 14
    • Davinci j15 was saying he saw it somewhere on balance sheets of banks that they had bitcoin. Is it possible to take a look at that
      May 14
    • BitGo XpoH71
      Im not sure theres a line item for crypto on consolidated balance sheets. Id guess it gets filed under cash + cash like or “other” and the details are not shown.
      May 14
  • Did you go all in on bitcoin?
    May 14 2
    • Jet.com Kafunk
      OP
      Yes
      May 14
    • Nice. Congratulations on leaving the space with profit
      May 14
  • Amazon / Eng police🚨
    Have fun paying tax
    May 14 1
    • Jet.com Kafunk
      OP
      Better than the 90k I lost
      May 14