DidUSmash (OP)
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May 25, 2016, 11:28:21 AM |
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Hello people. I am in a bit of a pickle here and hope that some of you here can give me some simple investment advice.
First, my parents gave me $90,000 to purchase some inventory for my dropshipping operation. But, instead, I spent the whole thing on bitcoin. Made maybe 20% profit, and thats when things started to get a little "freaky" if you will.
As soon as I had 240 BTC in my possession I felt invincible, for some reason I thought that I could just go and buy any altcoin I wanted and make all the money that I desired.
My parents have been thinking that my dropshipping business is booming because I have bought a hundred empty boxes, filled them with bricks and sellotaped them. Every morning I make a fake trip to the post office so that they think that I am still on track like I am supposed to be.
Anyway.. I worked my 240 btc up to 300 btc by what I think was a fluke. I invested in some currency that we all know, but then the price began to drop. AND I KEPT BUYING
I sat there in my chair every day looking at the price fall, and like a fool I continued to buy. Now all I have is 30 btc which is merely 10% of the money my parents gave me.
I cant even use this money to buy and flip the latest mercedes sedan to make maybe $2k with each flip. So now, I'm stuck. The garage has 50 boxes with bricks inside them, and everyday my dad goes in there I feel like my secret will be uncovered and that will be IT for me.
I am supposed to return this 90K before July, so I am coming here for help and advice.
I want to know how can I turn 30 BTC into 300 BTC by ONLY doing these things:
1) Investing in crypto currencies
2) Not having to trade
3) Not having to spend too much time monitoring my investment (I have to pretend that my dropshipping business is still booming, so can't be in the house all day)
4) Not being a victim of pump and dump
Just throw out your ideas here and I'll see what sticks.
Guys, I am in urgent need of help here. If I don't give my parents their money back, they'll never give me money again and I'll have to get a job or something to fund my businesses. Which is impossible for me since I get panic attacks etc.
If I had just done the right thing, I would have doubled the 90K and be smiling right now. But instead, I played bitcoin roulette and fucked everything up
I will appreciate all of your contributions
thank you
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altcoinhosting
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May 25, 2016, 11:34:28 AM |
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If there were ways of doing this without investing, trading, spending time or risk being a victim, i guess everybody would be doing it, right? You're not talking about making 2% profit in 1 year, you're talking about 1000% in 2 months...
In your case, i think you'll have to take a very easy decission: Either:
1) confess to your parents what you've done 2) take a loan, pay your parents back, get an IRL job to pay back your loan.
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Prasmatic
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May 25, 2016, 11:35:56 AM |
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Quite candid and Hilarius post Just tell them you're a fuck up and you squandered their 90 grand, what's the worse that could happen? LOL You need to stop trading IMMEDIATELY that is for sure. You obviously don't know what you're doing. But at least you've got those 30 coins, that's like 13 grand. That's enough to move to a new city, change your name and "start all over again"
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From Above
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May 25, 2016, 11:46:10 AM Last edit: May 25, 2016, 12:13:40 PM by From Above |
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Sorry dude I'm not a fan of sugarcoating things, so if this is a TRUE story then u gotta realize that u're 1. extremely stupid 2. can't handle money at all 3. have a bad relationship with ur parents cuz u're lying
Reconsider ur life. U needed this utter crash.
~CfA~
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DidUSmash (OP)
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May 25, 2016, 11:47:04 AM |
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You're not talking about making 2% profit in 1 year, you're talking about 1000% in 2 months...
Yes 1000% is exactly what I need to make in 2 months, or else I am fucked. I need $250,000 per year just to exist comfortably. That includes 1 year rent already paid, 1 year bills and all utilities already budgeted and paid for. Money for groceries for the full year and money for fuel and to make car payments. $20,000 disposable cash and $140,000 to put into purchasing inventory for my dropshipping business each year - so that I'll have another $250,000 the following year I am only at my parents house now because I fucked up previously with purchasing $140K worth of bitcoin that I accidentally got sent to an address that was on the now defunct cryptorush exchange. So this is not the first time I can't tell my parents or get a loan, those routes have been exhausted You say it's impossible, but that "impossibility" doesn't matter to me. I need to make 1000% on my money in two months. Or else im screwed Just tell them you're a fuck up and you squandered their 90 grand, what's the worse that could happen? LOL
I didn't squander it actually, and that is very harsh. I invested it and messed up a little and I initally made money, but got a little greedy now here I am You need to stop trading IMMEDIATELY that is for sure. You obviously don't know what you're doing. But at least you've got those 30 coins, that's like 13 grand. That's enough to move to a new city, change your name and "start all over again" Maybe you're right I have only lost money trading all these god damned altcoins I always start of making some ridiculously large amount like 50 btc but then losing an even larger amount like 100 btc so maybe you have a point there I cannot run away, my family have helped me so I must repay them. Even if I have no profit for the year, I will give it all to them I have just 30 BTC and I know there is a way for me to make 1000% because it seems many people here are doing just that
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From Above
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May 25, 2016, 11:48:19 AM |
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Yes 1000% is exactly what I need to make in 2 months, or else I am fucked.
U're f'ed no matter what, cuz ur personality is flawed Work on urself. This thread won't help the slightest bit ~CfA~
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cryptodromeda
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May 25, 2016, 11:50:51 AM |
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You're not going to be able to turnover 1000% in two months. If it was possible in a simple-to-convey algorithm then everyone would be doing it.
You might be able to perform 200% or 400% in 6-12 months, but it's dependent on (1) you having a viscerally good understanding of the markets, and (2) you allowing for a component of risk (i.e further losses).
If you absolutely must take the kamikaze option, then I would at least wait until after the bitcoin halving.
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It's a kind of blindness that reason alone cannot cure.
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From Above
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May 25, 2016, 11:52:44 AM |
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You say it's impossible, but that "impossibility" doesn't matter to me. I need to make 1000% on my money in two months. Or else im screwed
No more running away possible at this point. U have no choice but to face what u are. ~CfA~
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Wosterlee
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May 25, 2016, 11:53:34 AM |
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1. Take responsability for your actions and admit your failure. 2. Get on 1broker.com 3. Place a 50x margin short on the sp500 or dow jones index with all 30 btc NOW! (or bet on BTC going up) 4. Exit at 16% lower than it is now, you will have 300 btc by then it is also the maximum amount you can place.
The global economy is in turmoil, there is a high chance this will happen.
You can tip me BTC: 1PFVkhRdQsgGdCjbq2Pisg55rmwXd2kChT
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merelcoin
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May 25, 2016, 11:54:28 AM |
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I have just 30 BTC and I know there is a way for me to make 1000% because it seems many people here are doing just that
I'm pretty sure that anybody who would turn 30 BTC into 300 BTC in two months either: - scammed, lied, blackmailed, extorted, hacked everybody and anybody, including their own mother and her pets
- already invested tons and tons of coins, and now make a nice profit from their previous huuuuuuge investments
- took insane risks with their coins
I haven't investigated, but i cannot imagine other situations where somebody could make 1000% profit on 30 BTC in two months... Somebody might have had 0.05 BTC and made 0.5 BTC in a couple of days playing dice, but i would defenately advise against doing this with your last funds. Anyways: good luck!
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DidUSmash (OP)
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May 25, 2016, 11:55:38 AM |
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Yes 1000% is exactly what I need to make in 2 months, or else I am fucked.
U're f'ed no matter what, cuz ur personality is flawed Work on urself. This thread won't help the slightest bit ~CfA~ I am an unconfident, slightly retarded speculator/investor/business man - so yes, my personality is flawed sometimes we lose money, that is business. If I had continued profiting, I'd have more than 200% on my money, I made more than 20% so I am a fearless investor... stupid, but fearless. Maybe too fearless And if I had a broken leg I'd NEED to get to a hospital. I don't have a broken leg... but I do have a broken investment fund, which means I need too make 1000% before july. Maybe some altcoin developers can reveal some secrets here? Find job in real life. It will be better, if you have some skills in programming. If you have them, you back your money very fast
My skills are in investment and business only. No programming, I dont know html even. I also get panic attacks when I am around too many people. So not practical for me 1. Take responsability for your actions and admit your failure. 2. Get on 1broker.com 3. Place a 50x margin short on the sp500 or dow jones index with all 30 btc NOW! (or bet on BTC going up) 4. Exit at 16% lower than it is now, you will have 300 btc by then it is also the maximum amount you can place.
The global economy is in turmoil, there is a high chance this will happen.
You can tip me BTC: 1PFVkhRdQsgGdCjbq2Pisg55rmwXd2kChT
I should fix my trading losses, by trading even more? You might be able to perform 200% or 400% in 6-12 months, but it's dependent on (1) you having a viscerally good understanding of the markets, and (2) you allowing for a component of risk (i.e further losses).
That's not entirely true, I mean he could just do what every other unscrupulous money hungry bastard does and purchase a ready made altcoin from koinkartel.com and let them pump and dump the hell out of it and make maybe 1000 btc Is this the secret of all you developers? Is that where you people go to produce your shitcoins? I have morals, I dont care If I'll make 1000 btc from them. Pump and dumping isn't my thing
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From Above
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May 25, 2016, 11:55:54 AM Last edit: May 25, 2016, 12:09:33 PM by From Above |
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urchase a ready made altcoin from koinkartel.com and let them pump and dump the hell out of it and make maybe 1000 btc
Yes it's that easy... Sure... ROFL I need too make 1000% before july.
If u need someone to tell u that this is not going to happen then u've come to the right place. It's 100% not gonna happen. This is the best and most honest comment u will get out of this thread. ~CfA~
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ICOcountdown.com
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May 25, 2016, 11:56:17 AM |
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So basically you want to make a 10x profit doing nothing? Good luck.
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Barbut
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May 25, 2016, 11:59:17 AM |
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Don't lose all your money in chase for some fortune. First you say you have work and you don't wish to monitor your investment, and now that you are fucked if you don't make money ( see comment above).
Its not a good plan, believe me. Ophion coin had nice coming in, campaign, official thread, fast support... And what happened? Guy run away with 17 bitcoins. What op think what will happen with his 30 btc? I can suggest couple coins where I invested some money, but I'm afraid to do that. For me it is fun, when I make something I'm happy, if I lose nothing. But with this amount of money its not fun at all. I wish you luck, and my advice for you is "don't put all money on one coin!!!"
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btc_zero_sum
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May 25, 2016, 12:04:18 PM |
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I am only at my parents house now because I fucked up previously with purchasing $140K worth of bitcoin that I accidentally got sent to an address that was on the now defunct cryptorush exchange.
you seem to be loaded of cash anyway but you are unable to handle it, you should get someone to manage your finances and stop trading by yourself
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evergrow
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May 25, 2016, 12:07:14 PM Last edit: May 25, 2016, 08:11:19 PM by evergrow |
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Pump and dumping isn't your "thing." But getting dumped on is? It's not a secret, everyone does it You have lost more than 90 grand bruh all via trading other people's "shit coins." So, if you lost 90K, that means someone else MADE 90K (the person who dumped his coins on you) By trading you will only continue to lose. Take your 30 BTC, and buy a coin from koinkartel.com they'll pump the life out of it and you'll have your 300btcs in a month Stop bitching and complaining, and join the darkside This is easily the most idiotic recommendation I've read on Bitcointalk to this date. Congratulations dude!
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vuduchyld
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May 25, 2016, 12:12:09 PM |
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I'm not sure where you live, but if you really think you need $110,000 in cash (plus $140K in inventory) to live, I'd start by re-thinking your lifestyle a little bit.
Frankly, I think that most people reading this post will not be predisposed to feeling very sorry for you. Your initial questions show just a little bit of a disconnect from the reality that most people face, which is to cut back on some expenses in order to invest/speculate in crypto. Most people don't even have parents that COULD POSSIBLY give them $90,000 in cash for any reason at all.
The post indicates that you might have some life lessons to learn. Seems like you might have already learned them, but fortunately or unfortunately, your parents have been massive enablers for you. I'd say either:
1) your parents are effin' ballers who have a shitpile of money and they will bail you out AGAIN just because they can 2) you really have exhausted all paths and you are just about to really learn those life lessons that you seem to need to learn 3) Quite possibly, your original post is some kind of parody and you are completely full of shit
But you are highly unlikely to turn 30 into 300. Just won't happen for you. Because you haven't faced much adversity, financially, you appear to have the ability to cling to a fantasy.
I hope this doesn't come off too harshly and I certainly hope for the best for you.
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DidUSmash (OP)
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May 25, 2016, 12:13:31 PM |
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I am only at my parents house now because I fucked up previously with purchasing $140K worth of bitcoin that I accidentally got sent to an address that was on the now defunct cryptorush exchange.
you seem to be loaded of cash anyway but you are unable to handle it, you should get someone to manage your finances and stop trading by yourself Do you know any investment managers that specialise in bitcoin/altcoins? I am not bad with money, most of the money I have made in the past came from me being a reckless idiot. But most of the money I have lost has also happened due to me being a reckless idiot too Pump and dumping isn't your "thing." But getting dumped on is? It's not a secret, everyone does it You have lost more than 90 grand bruh all via trading other people's "shit coins." So, if you lost 90K, that means someone else MADE 90K (the person who dumped his coins on you) and you are just one person, imagine how many other bozos lost their money in this fashion By trading you will only continue to lose. Take your 30 BTC, and buy a coin from koinkartel.com they'll pump the life out of it and you'll have your 300btcs in a month Stop bitching and complaining Interesting point, apart from your insults. I'm just a normal guy like everyone else here man... It really is alot for me to post all of this here I have morals and I don't think it's cool to "dump" on people I'm not sure where you live, but if you really think you need $110,000 in cash (plus $140K in inventory) to live, I'd start by re-thinking your lifestyle a little bit.
Frankly, I think that most people reading this post will not be predisposed to feeling very sorry for you. Your initial questions show just a little bit of a disconnect from the reality that most people face, which is to cut back on some expenses in order to invest/speculate in crypto. Most people don't even have parents that COULD POSSIBLY give them $90,000 in cash for any reason at all.
The post indicates that you might have some life lessons to learn. Seems like you might have already learned them, but fortunately or unfortunately, your parents have been massive enablers for you. I'd say either:
1) your parents are effin' ballers who have a shitpile of money and they will bail you out AGAIN just because they can 2) you really have exhausted all paths and you are just about to really learn those life lessons that you seem to need to learn 3) Quite possibly, your original post is some kind of parody and you are completely full of shit
But you are highly unlikely to turn 30 into 300. Just won't happen for you. Because you haven't faced much adversity, financially, you appear to have the ability to cling to a fantasy.
I hope this doesn't come off too harshly and I certainly hope for the best for you.
I have faced LOADS of adversity man. This dropshipping operation is the latest in a LOOONG line of businesses. You really don't understand the magnitutde of the situation. The only way I am able to exist as a human being, from a financial standpoint, is because I understand that investment comes before spending. So I have put myself in such an awkward position. I have four younger cousins that operate a physical electronics outlet.. supplied by whom??? You guessed it! Me. But... I am about 90K short of being able to supply myself let alone my family members who have built there lives around this operation. They have their apartments, cars etc. They don't even know that I'm back at my parents place. All of them dropped out of college to get involved with this If I don't turn this 30 BTC into 300 BTC before a months time, I might aswell drink cyanide man. It's that bad
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From Above
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May 25, 2016, 12:14:28 PM |
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I hope this doesn't come off too harshly and I certainly hope for the best for you.
U need to know that nifty boys like OP can't handle sugarcoating things. They need the full force experience to get it. Sorry. It's over for him and it will take a while to grasp that. ~CfA~
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s1lverbox
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May 25, 2016, 12:20:18 PM |
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Your post is typical trolling. I dont believe in one word of it. Post tx of any of your transactions from that wallet of 90K and we have starting point. You clearly stupid and spoiled so no not surprising that no one helps.
Beside if you was in possesion of that cash you would do opposite and probably you would have 120k instead of 90k.
I think because you not handling well cash i suggest put all 30btc on hi or low and hope for the best outcome. If you loose nothing will happen as you have nothing , if you win taaddaa and you have 60btc and start to make more.
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