Thread 61160219

>Bought a meme coin for $120k
>It goes up to $400k
>Now worth $30k
What would you do in this position? Sell it all or wait for some relief pump? Obliviously it was retarded. Sticking to BTC only from now on.

>Put 120k into a memecoin
lmao sure you did buddy

>>61160240
I think he means market cap

>>61160219 (OP)
Congrats, you became part of the community.

>>61160240
other half is in index funds at least
>>61160271
yeah, that's what got me into it. I fomo'd a pump too. Just wondering what's the best current play if still considering the late cycle

>>61160219 (OP)
>What would you do in this position? Sell it all or wait for some relief pump?

You too can be a Luna TRILLIONAIRE

>>61160219 (OP)
>he didnt sell at break even at worst
uhhhh bro

>>61160555
Checked based.
Lunc will burn 90% Of token we will go straight to $100.

>>61160695
I know. I fucked up. Just trying to make the best of these cards and move to long term investing going forward

>>61160219 (OP)
There is a saying, you don't have to make your money back the same way you lost it.
You probably aren't going to recover it in the same coin and you obviously care or else you wouldn't have made a thread on it.
You could sell your position, take the hit, put it in bitcoin and if/when the market picks back up you can sell that position and buy into whatever shitcoins you think look promising, just remember to sell this time.

>>61160832
why put it into bitcoin and then shitcoins again? Aren't we already at the tail end of a cycle? Just wondering your logic. I was thinking going to cash and buying btc in the bear market, then just stacking forever on auto pilot

>>61160815
>long term investing
>crypto
maybe stick to your day job

>>61160903
BTC, not crypto
Will be sticking with my day job too

>>61160913
ngmi

>>61160929
what do you recommend instead? index funds? I want to make it. My soul's crushed horribly from this year, just wanted to escape finally.

>>61160853
>aren't we at the tail end of the cycle
Seems to be what a lot of people think
>why put it into bitcoin then bitcoins
Because if we are at the tail end of the cycle we are (probably) either going to take off or crash pretty soon.
If the market starts moving up and you feel confident about the direction then pivoting to lower marketcap coins means that $30k has a much better chance of doubling, tripling, or whatever.Whereas if you left in bitcoin even if it doubled you'd only have $60k which isn't going to do a lot for you considering your losses.
Likewise, if the market goes down a 10% drop in bitcoin isn't going to do a ton of damage.but alts will probably be down 20% or more by then.
>leaving it in cash and waiting for bear market
The thing is you don't know if we're going into bear market.
I think it's also hard for most people to jump in if price has already gone up, they might be in disbelief still and hold off until they get prices from just a week or two prior.
Either way it's your call.

>>61160945
> that $30k has a much better chance of doubling, tripling, or whatever
That's why I was thinking of at least staying in a little longer and getting out by EOY at the latest. Likely won't break even but if I can just get somewhat close to that I can be reasonably happy.
>bear market
I would just stay in cash until a year from now and buy no matter what. That or wait until BTC hits 70k again.

>>61160943
anything with proven stable returns, its investing not gambling

>index funds?
thats a good start