I'm losing $ 20,000 in one day !!!

[Jaephoenix]

My portfolio on Binance just got $20000 smaller compared to yesterday! 
And you know what? I do not care! 

I've already forgotten the money I invested there, I don't need it to live. Just don't say that to my wife 
Point two; if i had sold it at the peak yesterday i would have to pay $40000 in tax.

In this way, if I don't do anything from now on and don't sell it for 6 months, the price should go down by 20k and should still say that I sold it at the highest level, but the greedy government won't get anything because they do  nothing but raise taxes and let the rich get richer. Because the rich lobby work well and the politicians are corrupt, they allow it. 

And there we come to the point why the market is going down.
The USA is currently experiencing stronger inflation, so investments are of course being redeployed. But Elon Musk and his tweets have a bigger impact.
And I believe that it cannot be anything other than pure manipulation so that he and his rich cronies can clutter their pockets even more.
Market will recover, I will buy more now. This is not an investment advice

I know what I'm doing, my big goal is 2025, then it will be settled. Until then, I will only buy more and not sell anything.
I have strong hands, diamond hands like the "appes" say.

Strangely enough, my portfolio has become better compared to the Bitcoin price, I now have more value in Bitcoin 

I know how you feel, mate. Let the government choke on their greed. About Elon Musk, we all know he's a manipulative SOB. We have always known. A glorified pump and dumper

[bitbit97]

Stay strong bro. "Hodl" is our everything.

Why do you decided to keep all your assets on exchange for such a long term? Arent you afraid of Binance being hacked, turned scam or your account being hacked? I dont know your financial situation, but if I had such big amount of crypto, I would have kept it on a hardware wallet, and hid it really good from wife

[dolcefarniente]

My portfolio on Binance just got $20000 smaller compared to yesterday! 
And you know what? I do not care! 

I've already forgotten the money I invested there, I don't need it to live. Just don't say that to my wife 
Point two; if i had sold it at the peak yesterday i would have to pay $40000 in tax.

In this way, if I don't do anything from now on and don't sell it for 6 months, the price should go down by 20k and should still say that I sold it at the highest level, but the greedy government won't get anything because they do  nothing but raise taxes and let the rich get richer. Because the rich lobby work well and the politicians are corrupt, they allow it. 

And there we come to the point why the market is going down.
The USA is currently experiencing stronger inflation, so investments are of course being redeployed. But Elon Musk and his tweets have a bigger impact.
And I believe that it cannot be anything other than pure manipulation so that he and his rich cronies can clutter their pockets even more.
Market will recover, I will buy more now. This is not an investment advice

I know what I'm doing, my big goal is 2025, then it will be settled. Until then, I will only buy more and not sell anything.
I have strong hands, diamond hands like the "appes" say.

Strangely enough, my portfolio has become better compared to the Bitcoin price, I now have more value in Bitcoin 

It is a great advantage for an investor to trade using available funds and be able to hold positions for a long time. This allows you to make the right decisions calmly and without haste. Even when the wife is peeping from behind.
Well, the issue of deferred taxation also has a positive meaning.

[gunhell16]

My portfolio on Binance just got $20000 smaller compared to yesterday! 
And you know what? I do not care! 

I've already forgotten the money I invested there, I don't need it to live. Just don't say that to my wife 
Point two; if i had sold it at the peak yesterday i would have to pay $40000 in tax.

In this way, if I don't do anything from now on and don't sell it for 6 months, the price should go down by 20k and should still say that I sold it at the highest level, but the greedy government won't get anything because they do  nothing but raise taxes and let the rich get richer. Because the rich lobby work well and the politicians are corrupt, they allow it. 

And there we come to the point why the market is going down.
The USA is currently experiencing stronger inflation, so investments are of course being redeployed. But Elon Musk and his tweets have a bigger impact.
And I believe that it cannot be anything other than pure manipulation so that he and his rich cronies can clutter their pockets even more.
Market will recover, I will buy more now. This is not an investment advice

I know what I'm doing, my big goal is 2025, then it will be settled. Until then, I will only buy more and not sell anything.
I have strong hands, diamond hands like the "appes" say.

Strangely enough, my portfolio has become better compared to the Bitcoin price, I now have more value in Bitcoin 

Don't worry dude, we won't gonna tell your wife
Anyway, if you lose 20, 000$ that's a very large amount here in my country, it's almost a million actually.
Perhaps, your style was a long-term holder and has a strong believed in Bitcoin and cryptocurrency as well and I
admired you with that things. If I only have a large amount of money I will buy a huge amount of the potentials coins and Bitcoin then hold in the long terms just like what you are doing now.

[Ferki]

Stay strong bro. "Hodl" is our everything.

Why do you decided to keep all your assets on exchange for such a long term? Arent you afraid of Binance being hacked, turned scam or your account being hacked? I dont know your financial situation, but if I had such big amount of crypto, I would have kept it on a hardware wallet, and hid it really good from wife

Staking, loaning, pool ... Binance Earn allows me to make even more of my crypto without making new investments.
I have often said that I don't need the money invested to live.
Besides, just as Binance could be hacked, something worse could happen to me also.
 Life is not forever 

[Callisto]

You have a direct strong position, I have the same opinion, each investor should have his own position and his own principles for investing, you should not trust emotions anywhere, at the expense of tweets, I agree with you pure manipulations for hamsters, especially, I think it will soon subside and people will no longer believe in it, but nevertheless, these manipulations have a good effect on the market, whatever one may say.

[jhm]

Know the feeling. Long as you don't keep holdings on the exchange - More concerning than the price

Hodl

[bitbit97]

Ferki, there is a funny (or not) life case https://news.bitcoin.com/wife-leaves-husband-after-he-refused-to-sell-bitcoin-at-60k-and-bought-the-dip/.

I it a bit similar to your life situation. Not trying to say something, but warning Just hold and stay silent with your crypto. Or pretend that everything is fine and going as you have planned.

[Ferki]

Ferki, there is a funny (or not) life case https://news.bitcoin.com/wife-leaves-husband-after-he-refused-to-sell-bitcoin-at-60k-and-bought-the-dip/.

I it a bit similar to your life situation. Not trying to say something, but warning Just hold and stay silent with your crypto. Or pretend that everything is fine and going as you have planned.

Haha, good one  . "Does anyone know a place in Munich where I can pick up the girls and drive them in my Lambo? "

[Gurujebs]

You are clearly wrong mate.
You only care about the government not having any little share from your investment but have you also check economical things.
There is something I remember in economics called opportunity cost and if I am you, I would have sold my holding and buy back at the bottom. This way you will be able to. Maximize profit and buy back at every dip.

[TomPluz]

As long as you have not sold during the dip, eventually your portfolio will recover. No need to sell, not unless you are in dire need of the money. And of course, we're not going to tell anybody of your decision, no not even your wife or even a mistress (just kidding). Tomorrow is another day. Days from now, the Elon factor will start to wane as he might just be concentrating on his Dogecoin.

[Ferki]

You are clearly wrong mate.
You only care about the government not having any little share from your investment but have you also check economical things.
There is something I remember in economics called opportunity cost and if I am you, I would have sold my holding and buy back at the bottom. This way you will be able to. Maximize profit and buy back at every dip.

You can do as you like, I don't mind.
But my time horizon is meant for 4 years. From now on there are no more sales. At least not for 80% of my coins. I will just buy.
And I only buy coins that will also exist in 2025, at least in my opinion.
Dollar cost average is my strategy, compound interest.
If we are all alive by then and nothing bad has happened by then, you can ask me again how my portfolio is doing.

[Aguacate_e]

I think you should use the strategy of the rich to evade taxes.
Use some altacoins to get out of the bitcoin bubbles in some decentralized exchange and you will be better.
Best regard...

[Seerge]

Many people have lost after the current decline in the price of Bitcoin, there are friends of mine whose assets have dropped by 40%, some have fallen by 50%. It's sad to see and listen to it, but this is the risk we have to face when in Cryptocurrency.

[Paglamon]

Cryptocurrency transactions are not the same in every country. If you want to do cryptocurrency transactions in our country, you don't have to pay taxes to anyone here. The government of our country declares cryptocurrency illegal every time. However, in our country, Bitcoin and other coins are also traded in large quantities. Because the young society of our country spends a lot of time in this cryptocurrency space. One third of young people have made an impact in the cryptocurrency world. While the governments of more countries are very active, many have been taken hostage in government. while doing business. Many have been sentenced to life imprisonment. So everyone must be careful to trade with crypto resources. And the government of each country is much more active in the cryptocurrency industry. Although approved in some countries, the scope of the transaction is less.