@@anthonycruz5569 I know, but he wasn't deca millionaire rich. Last I recall his net worth was between 1-2 million before Doge. So losing 500k of Doge is essentially a quarter of net worth gone down the drain.
Your goal was to get a roadster, and then you got greedy. This is why its SO important to have an exit strategy when it comes to any volatile investment
shoutout to u for being transparent. some ppl would lie about feeling bad about not selling i wish i wouldve sold at least half during snl but greed got the best of me too! lesson learned...many blessings to u and im sure doge will go back up in the long term
@@BeatTheBush uh sell, and buy at the lows. You missed your target, Welcome to trading. Cryptos are too violate to just hold/invest and not trade. You should be shorting it all the way down.
It'll get worse. Problem is 30% of the Doge coins are owned by a person or organization. If that person sells, then the rest of the small folks are screwed.
@@corinth1121 NO! Do some research! Robinhood crowd are the small investors. There is a person or organization that owns 30% of the doge coins created right now. Once that person or organization sells then the knife will drop.
Thank you for your honesty and candidness during this time. I know it had to be hard to make this video but we appreciate it. As a crypto holder myself this can be depressing, but take this time to put the phone down and give yourself a win. Travel and spend some time outside. It'll raise your spirits. Your not alone. Thank you so much for insights!
I dont call anyone who puts money into Dogecoin an investor- id call him a online gambler. This clown 🤡 should work at the circus 🎪 When this doesn't work out
It's strange how people talk about the profits they've been Making through trading of bitcoin while I'm here not making any profit at all please can someone put me through on the right path.
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise.I can boldly say that Forex and crypto trading is one of the profitable money exchange service that elevates investors and their financial status.
I like your honesty buddy, you atleast have the courage to say that you made a mistake and didn't get out early. Some folks around here vanish when a stock or crypto they bragged about goes to the dump.
""If I sold at .75 and bought back in now I would have increased my holdings"" True but no one can predict the top or bottom! The what if's can drive you nuts LOL but I'd be happy with your awesomely low average cost and just hodl
I think because of the fact that this meme, many were waiting for it for $ 1. But I personally think it's crazy, such a big increase in just a couple of months, it was absolutely impossible in such a short time.
I remember they said Doge would never reach .005 then .01 then .02 then .05 .08 .10 .15 .20 .30 .40 .50 .6 .70 People have been saying that for 7 years and every time they’ve been wrong. I can see Doge going to $1. It started out at like .0002 cents
Why does anyone need to teach him? He didn't sell so just a paper loss. Even if he did sell right when this aired, still a doubling of initial investment.
Bro the doge coin millionaire RUclipsr put all his life savings, maxed out all his credit cards and asked as many family members as possible for money to put in. He literally has a car that looks beat down so bad but it’s all he has and it shows you that you really never know who’s broke tbh.
@@j.gonzalez1146 if anybody drops that kind of money with debt, and if their gamble fails, it’s hard to have much sympathy. People should never “invest” beyond their means. The other point is that - in the case of THIS video, he still has a profit more than double his original investment. I would not consider that a capital loss to which someone ought to make a statement about going broke. The only thing he has lost was profit had he cashed out. He said it himself… He got greedy. That’s okay, most of us do at some point or another. Still odd to make “broke” claims at 2x. To each their own 🤷♂️
Literally my exact thoughts right now. I got too greedy and “too patient” and bit the bullet :( can’t stop thinking about the what if’s before even though I know it’s pointless. W’s soon brotherman
I kind of feel this is the best outcome. You have the ability to influence people and I feel you encouraged irresponsible behaviour in your younger viewers. This is of course your prerogative but for the viewers it’s a good lesson in risk.
If there was every any encouragement, it was to advise other people to only put it what they were willing to loss. This is no different than gambling or playing state sponsored lottery.
I love your honesty and transparency. I hope you learn from this - don't let your greed and emotions rule you. Also get out of the market when you have made money.
You could have sold along the way, when it was going up. For example, every time it doubled, you sell half of your remaining position and let the rest ride for another double.
i feel you man, long term investing is rough. I feel like crap right now. I did the same thing, not selling waiting for my holdings to hit at least 1 year for lower taxes and not I'm down more than if I paid my taxes.
everything crypto is down big. I didn't get any Doge coins, but I did buy into others. I am down like 60%. It will go back up in the long term. Like any investment, there is risk, just make sure its the amount you are willing to afford to lose it all.
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
imagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket Money is good for only three things : fun, investing, and giving.
I wanna invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
@@adambecker4053 you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
You need to get out while you can. Dogecoin has no fundamental value and every second thousands of Dogecoin is being printed out of thin air. You are bagholding a pipe dream. Pull out and go back to investing into blue chips.
I guess it’s easy to be complacent on $600k when you see it on the screen vs. if you saw a suitcase filled with $100 bills, it would’ve changed your mind.
I think the interesting thing here is a few videos back at the same price you were dancing for joy but now at the same price you feel terrible. Keep us updated on the psychology of this roller coaster
i needed this. i remember your video when it was up and everyones videos were just like it, making channels and business off the fact that theyre up and now that its down, they make it seem like its all good, buy the dip, elon this n that and greedy vs fearful etc. but in all reality this shit sucks! im glad your video is a actual human reaction on whats going on. im still holding we'll see what happens...
This video serves as an important reminder to always have an exit strategy. HODLing without one means you'll never be able to sell, because you'll always be chasing a new high. For high value HODLers I always say to sell if it's equal to your outstanding mortgage balance, that way you'll always eventually have an exit and the peace of mind of not having mortgage payments is many times better than the stress of watching cryptos.
Bro… I bow down to your honesty and transparency…. and we can all share and feel your pain… I think the best approach is exactly what you said… it’s crypto, it’s bound to be highly volatile so you must set your long term time frame and commit to it and ignore the short term volatility.
People with no retirement savings (or any savings at all) are playing around with these coins like gambling addicts. Once you're financially free it's a different game altogether to the average Joe who is having a pop at it
Those who invest their life's savings are the ones to sell out when it dips 80% because the money is need to pay rent. That is guaranteed to lose money.
No offense buddy but honestly you have no reason to be disappointed, and I’m gonna tell you why let’s think like a grown up here for a minute, you’re a very young guy full of health and energy I believe you had a great talent working as an engineering in the past. Now If you really want that roadster so bad What you really need to do is get your ass off the couch and go back to work and make some real money 💵💰 and stop relaying on unpredictable identities hoping to become rich one day so you can buy your dream car.
I had 105k units of Doge when it hit big. I was in at $0.05. I sold all of my units at $0.30 the other day and bought 25k units back at $.20. I'm not playing the TO THE MOON game no more. It's not fun. LOL! I could have had $76,000 minus my initial $6,000. BANKING! But I ended up settling for $30,000 less my $6,000. I'm now gonna just buy high and sell low like a typical market should work. The to the moon shit got me caught up and I should have sold it and been done. But that's life. Time to use the gains I've got to make more money from the gains. That's LIFE!
Investing in Gold, silver and crypto currency now should be in every wise individuals list, in 2 to 3 years time, you will be estactic the decision you made today
I sold some back in May just to cover my initial outlay. That way I’ll never lose money on it. If I were you I’d just hold it now and stick to your $1 goal.
This might sound messed up but one of the reasons I enjoy watching your videos is because you get so down over things that don’t really change your life. You don’t have to work another day in your life because you saved up and were smart about it, and still not making more money off doge ruins your mood. It’s always a reminder to myself that there’s no end goal we’ll get to that will make us feel complete. You’re a clear example of that for me.
The problem with doge is it’ll only go back up above 50cents if it crashes below 5cents maybe even 0 cents it’s just nothing special it has no great use case
Been on this roller coaster for years, still holding, bought some this morning. I don't think we're in a full bear market yet, just a nice correction to help filter out the folks with weak hands.
Dont know this channel, but your vulnerability, honesty and humility is something that youtubers are lacking. I hope you continue to climb through the loses. I hope we all learn to play by the numbers game better than an emotional one, because sometimes our emotions do get the best of us. Good luck, hope to see more genuine stuff, hope you can teach us a few things along the route.
so honest that i feel your pain...... keep your head up, every loss is a chance to learn where you went wrong and improve your knowledge on the subject at hand.
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Dude, you could still sell and it would be an insanely good return. 3x in a couple months is pretty much unheard of. The different coins pretty much move in lockstep with each other and kind of follow Bitcoin which had a pretty bad technical chart right now so things are likely to continue downward overall. There really isn't any fundamental analysis that can be done with coins so you have to rely on the technicals. You can still make some great returns if you sell. It's 100% up to you but it may not be a bad idea to make off with your gains. In reality it's multiple years worth of spending for you with your minimalist lifestyle.
*Money is an issues that everyone has for a better and luxurious life. life was hard for me until I started trading Bitcoin and now earning $8,435 per week*
That won't bother you if you trade with a professional like Expert Richardson Williams.. My first Investment of $3000 Mr Williams on forex has earned me profits of over $24,320 within 15days
Reality is you still beat the S&P500 which would have been “sound” investment advice. You can feel bad for not selling at the peak as much as you want, but don’t ever let people tell you that doubling your money in a few months was a bad investment.
That is dumb thinking, my parents thought that way and they basically didn't invest their entire life because of it. They poisoned me with that idiotic nonsense until I got older and started learning more about investing. The stock market has never gone to zero and stayed there, so if you are broadly invested you are never losing all your money, and you will never go down without going back up. Basically unless our entire economic and monetary system comes crashing down you will not lose all your money if you use even a slight bit of sense investing. If the whole system goes down, cash you were hoarding will also be worthless, and I have a hard time believing someone sitting on gold bars is going to be doing super well either until a new monetary system and economy emerge and things stabilize. People who sold at the bottom of the 2008 recession lost tons of money, people who just held on to it and kept doing what they were doing, came out the other side, 18 months later, with more than they started out having, especially if they managed to stay employed and kept investing during the low points, they came out way ahead. The real key is to live within your means well enough that a modest emergency fund and the flexibility to take a lower paying job and still make the mortgage payment, will keep you from having to sell your long term investments to pay the bills.
I think you’re unvarnished and sincere exposition of your emotions is a good character trait. I think it bodes well for your present and future prospects. At the end of the day we are all a sum total of ALL our experiences “good” ant “bad” ones. To the extent that you use this experience to inform your future decisions constructively then this can ultimately be a good experience and a win. Best. And thanks for sharing triumphs and “failures” in equal measure. We benefit from both.
this mindset isn't healthy in the end of the day you made a huge profit you should be happy that being said sometimes its better to just walk away and just live life.
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Maybe not for long. Maybe I'd lose half my principle soon.
3 года назад+1
I’VE LOST $150K on PLTR when it at $45 I contemplated to sell but holding it longer because of tax Now, correction occurred+wiped out some of my margins
Although my case is not a trading or invest, I spent over $10,000 in gambling with no profit over few months through online gambling. And fortunately in one day, I turned 250 dollars into $25,000. I could have cashed out and paid off my $4000 loans, money i owe to people, fix my cars yet still enjoy things I wanted to do for a long time. But I just got greedy and lost all of them overnight. I feel sick, exhausted, see no motivation again to make money at work… but your case 500,000 thats just..
thank you for your honesty. I thought you had cashed in the high 40s cents. No one can tell the future, but I am glad you are still up. Good luck and hope it goes back up higher for you.
Can't build an empire by night, read that again and think about amazon and McDonald's. Elon got 3 huge projects coming before the end of April of 2022 which means 🤑
I commented on your previous video saying it would go down. Here are some more advice. I expect it to go under 10 cents in the next 1-3 month. And the highest it will ever go again is under 50 cents. 80% of the "diamond hands" will cash out if they get the chance to break even again, they need the money for bills etc. I would sell either now or if it gets over 20 cents if I were you.
@Anthony Chloe Yes, as a single mum, you can actually invest and make daily profit from bitcoin and use the earnings to take care of your children but I will advice you to invest in Mr Aiden Wilson bitcoin company, he is a good and broker
If you are financially independent, your still ok. Plus, you put your money so long ago that you didn't lose all that money. If you sell, you can still make a profit. Considering the number of people who trusted the champion of this coin. You're in an incredibly good position. Have a nice life!
My rule of thumb is if it's good enough to take a picture it's good enough to sell
Words to live by for sure
Easily the best profit taking advice I've heard!
Well said
Nice one.
Nice!
Golden Rule: If the asset has brought you life-changing wealth, that's the time to cash in.
It wouldn't have. So then I didn't.
He’s was rich before doge
@@anthonycruz5569 I know, but he wasn't deca millionaire rich. Last I recall his net worth was between 1-2 million before Doge. So losing 500k of Doge is essentially a quarter of net worth gone down the drain.
@@CG-uk1vz not gone unless you sell at that price
@@najahshikamaru620 Good point. It was actually a good buying opportunity.
You didn’t lose 500k, you missed out on 500k
FACTS
Somebody gets it
Can i buy 10 dollars of dogecoin ? Or i need more money
@@najahshikamaru620 Can i buy 10 dollars of dogecoin ? Or i need more money
@@aqrzoryan3166 you can put that amount in
Your goal was to get a roadster, and then you got greedy. This is why its SO important to have an exit strategy when it comes to any volatile investment
This guy wanted a little more haha.
Why didnt he scalp? Why did he think this would have stayed at those levels?
@@jdagreat4595 cuz lookat btc herpa derpa
But then it's not over yet, we shall see.
@@BeatTheBush I was in the 2017 crash, feels the same.. It's over for now... Wait for another 4 years I guess or sell now
shoutout to u for being transparent. some ppl would lie about feeling bad about not selling i wish i wouldve sold at least half during snl but greed got the best of me too! lesson learned...many blessings to u and im sure doge will go back up in the long term
Yeah shit happened to me too then i sold near the bottom lmao lesson learned.
I just day trade on it
Its a dead coin
Dogecoin is completely useless. You will never have a utility with it lol the hype of it before just because of Elon musk blew my mind.
@@douglassmith9445 pretty much
I learned my "pigs get slaughtered" lesson a long time ago. You are still up so cheer up.
I might get slaughtered if I keep holding lol.
@@BeatTheBush uh sell, and buy at the lows. You missed your target, Welcome to trading. Cryptos are too violate to just hold/invest and not trade. You should be shorting it all the way down.
@@Thaprince9 just now learning that 👌🏾
@@BeatTheBush who knows. there are many coins that "died" during the previous bull run in 2017 but did WAY better during this year's bull run.
"Past performance is no guarantee of future results."
Yep.
@@BeatTheBush "If investors only had to study the past, the richest people would be librarians" - Warren Buffett
Take profit is never a bad thing.
I take the profits and wait for the dip to buy more- holding the doge and keep buying the dip
False if your a day trader, you need those big wins to offset losses
@@ceez3317 Bruh what are you talking about?
@@ceez3317 taking profits is actually a smart move and is nearly always taught by day traders.
I preach this
It'll get worse. Problem is 30% of the Doge coins are owned by a person or organization. If that person sells, then the rest of the small folks are screwed.
That 30% is the robinhood crowd!!!
@@corinth1121 NO! Do some research! Robinhood crowd are the small investors. There is a person or organization that owns 30% of the doge coins created right now. Once that person or organization sells then the knife will drop.
@Jerrian van Slochteren Maybe Doge is already at the peak. Nobody knows. But I do know many investors will take profits along the way.
I’m holding my coins and I’m currently down 6k. Don’t feel bad, the optimism is greater.
Yeah I feel that
It’s only a loss when you sell
6k isn’t nothing compare to half a million lol
Build dogecoin and make shiba inu pay for it.
Thank you for your honesty and candidness during this time. I know it had to be hard to make this video but we appreciate it. As a crypto holder myself this can be depressing, but take this time to put the phone down and give yourself a win. Travel and spend some time outside. It'll raise your spirits. Your not alone. Thank you so much for insights!
Buy yourself Rolex watch
Share in the loss together!
i respect how he followed his plan and disclosed it all.
As painful as it is, it's still a good sign when an investor is sad about doubling their money
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he's not an investor, he's a gambler, let it get to .03 then he can do a crying I lost half my money video.
I dont call anyone who puts money into Dogecoin an investor- id call him a online gambler.
This clown 🤡 should work at the circus 🎪
When this doesn't work out
@@jenny-DD right? it's only taking money away from the (little) people if he were to sell at that price. smh. sheeples.
“Investor”. Good one.
It's strange how people talk about the profits they've been Making through trading of bitcoin while I'm here not making any profit at all please can someone put me through on the right path.
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise.I can boldly say that Forex and crypto trading is one of the profitable money exchange service that elevates investors and their financial status.
I just withdraw my profit last two days before now. am glad i did invest with them still reinvested and the trade is ongoing
A friend that I referred to her just received &17,050 profit after 10 days of investing... I became jealous.
Hahhaha if you've not heard about her then you are missing out...
Am glad I got recommended to her, she is the best broker. I was sceptical about her at first but after I got paid always invest over and over again
“Enough is never enough” always a sign when markets are over inflated it’s called greed.
Greed and fear drive the markets.
@@rexmundi273 this.
So you're still up 100K. Fact is you're still up. No need to feel depressed. There's people who lost their whole networth trading Doge.
You know you're watching Beat The Bush when "I doubled my money" means "I feel terrible"
Lol... dang it! You caught me. XD XD
I'm sorry to hear this... don't take it too heavy, in the end of the day it's 'just' money... as long as you have your health you can do anything :)
He invested 60 and has 160k, within a couple months.
I like your honesty buddy, you atleast have the courage to say that you made a mistake and didn't get out early. Some folks around here vanish when a stock or crypto they bragged about goes to the dump.
""If I sold at .75 and bought back in now I would have increased my holdings"" True but no one can predict the top or bottom! The what if's can drive you nuts LOL but I'd be happy with your awesomely low average cost and just hodl
Buy some more and make it 1,000,000 coins?
@@BeatTheBush Sure the more the better. I continue to accumulate more TSLA shares when I can so same concept
@@BeatTheBush No. Don't buy anymore. Don't dig a hole deeper for yourself. Just hold what you have.
@@MyLifeThai371 oh im buying
The what if’s and the I should’ve will drive you mad . Love and learn
I respect your honesty and knowledge on this. The market will recover!
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At .75 seemed like that was the ceiling. It's a meme coin after all.
ehh bitcoin is also down from 60k to probably under 30k.
I think because of the fact that this meme, many were waiting for it for $ 1. But I personally think it's crazy, such a big increase in just a couple of months, it was absolutely impossible in such a short time.
Greed was making people think, it's going to $8! That's what he posted on this channel too.
Cryptos does increase in large amounts routinely so I would not be surprised if it did in a few months.
I remember they said Doge would never reach .005 then .01 then .02 then .05 .08 .10 .15 .20 .30 .40 .50 .6 .70
People have been saying that for 7 years and every time they’ve been wrong. I can see Doge going to $1. It started out at like .0002 cents
Can I get an AMEN for this guy keeping it real but someone please teach him about the DIAMOND HANDS 💎🙌🏽
diamond hands are for idiots
Why does anyone need to teach him? He didn't sell so just a paper loss. Even if he did sell right when this aired, still a doubling of initial investment.
If you had $60k laying around to put on Doge when it was .068, then I really doubt you are “going broke.” 🤷♂️
yep
Bro the doge coin millionaire
RUclipsr put all his life savings, maxed out all his credit cards and asked as many family members as possible for money to put in. He literally has a car that looks beat down so bad but it’s all he has and it shows you that you really never know who’s broke tbh.
@@j.gonzalez1146 if anybody drops that kind of money with debt, and if their gamble fails, it’s hard to have much sympathy. People should never “invest” beyond their means.
The other point is that - in the case of THIS video, he still has a profit more than double his original investment. I would not consider that a capital loss to which someone ought to make a statement about going broke. The only thing he has lost was profit had he cashed out.
He said it himself… He got greedy. That’s okay, most of us do at some point or another. Still odd to make “broke” claims at 2x.
To each their own 🤷♂️
@@LibertyLuminary exactly. If I’m not mistaken he is still 300% up.
@@LibertyLuminary that’s my point some people don’t have the money but still do it and risk it all These guys need to sell now tbh
Bro was up 700k on a 💩coin & didint sell ... You were NEVER Gonna Sell !!
Literally my exact thoughts right now. I got too greedy and “too patient” and bit the bullet :( can’t stop thinking about the what if’s before even though I know it’s pointless. W’s soon brotherman
It’ll be ok it’s gonna go back up this year remember this tweet won’t take a year man
I think it might be back within a year but prepared for 1-2 years.
I kind of feel this is the best outcome. You have the ability to influence people and I feel you encouraged irresponsible behaviour in your younger viewers. This is of course your prerogative but for the viewers it’s a good lesson in risk.
How was this a good outcome, like at all? LOL
If there was every any encouragement, it was to advise other people to only put it what they were willing to loss. This is no different than gambling or playing state sponsored lottery.
@@horriswimberly4516 the problem
Is young people don’t often have this kind of money to lose and they will chase the returns.
@@NinjaPro57 the lesson is learned and he still made money. Good outcome.
@@NinjaPro57 I mean he's up $50+k still if he sold. That's stupidly good outcome.
I also appreciate this video
This is exactly what I need as motivation.
When you invest you're buying a day you don't have to work.
Assets that can make you rich
Bitcoin
Stocks
Real estate
You're right sir, it's obvious a lot of people remain poor due to ignorance
It's better to take risk and make sacrifices than to remain poor.
It's not ignorance but due to some unprofessional expert in the market.
I love your honesty and transparency. I hope you learn from this - don't let your greed and emotions rule you. Also get out of the market when you have made money.
Keep your chin up , This dip will be our springboard to new highs!
You could have sold along the way, when it was going up. For example, every time it doubled, you sell half of your remaining position and let the rest ride for another double.
Don't let income taxes drive your investment decisions. Take the gains and pay the man.
Oh yes. That was not the main factor for not selling of course. It was not meeting my target when I first bought.
We are all depressed my friend. Playin with my money is like playin with my emotions
What up BIG PERM! I mean Big worm!
i feel you man, long term investing is rough. I feel like crap right now. I did the same thing, not selling waiting for my holdings to hit at least 1 year for lower taxes and not I'm down more than if I paid my taxes.
everything crypto is down big. I didn't get any Doge coins, but I did buy into others. I am down like 60%. It will go back up in the long term. Like any investment, there is risk, just make sure its the amount you are willing to afford to lose it all.
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
imagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket Money is good for only three things : fun, investing, and giving.
The government don't care about us, that's why i always advice people to invest
I wanna invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
@@adambecker4053 you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
I think Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise Nothing ever changes
You need to get out while you can. Dogecoin has no fundamental value and every second thousands of Dogecoin is being printed out of thin air. You are bagholding a pipe dream. Pull out and go back to investing into blue chips.
I guess it’s easy to be complacent on $600k when you see it on the screen vs. if you saw a suitcase filled with $100 bills, it would’ve changed your mind.
I think the interesting thing here is a few videos back at the same price you were dancing for joy but now at the same price you feel terrible. Keep us updated on the psychology of this roller coaster
i needed this. i remember your video when it was up and everyones videos were just like it, making channels and business off the fact that theyre up and now that its down, they make it seem like its all good, buy the dip, elon this n that and greedy vs fearful etc. but in all reality this shit sucks! im glad your video is a actual human reaction on whats going on. im still holding we'll see what happens...
The important thing is I still have a place to live and it does not affect what I eat nor my social plans due to losing paper money.
This video serves as an important reminder to always have an exit strategy. HODLing without one means you'll never be able to sell, because you'll always be chasing a new high. For high value HODLers I always say to sell if it's equal to your outstanding mortgage balance, that way you'll always eventually have an exit and the peace of mind of not having mortgage payments is many times better than the stress of watching cryptos.
"What's an exit strategy?" - DeepFuckingValue
I already don't have mortgage payments.
I’m pretty sure he stated in his earlier video he will sell when it hits a dollar. He does have an exit strategy.
Idk why people are acting like doge is over. The market is down across the board. Holding is key. There is a lot of market cap in doge.
Its over. For Doge but Crypto is still alive
Take out your initial investment so you don't feel as emotional when holding during the bear market.
I have less than my original investment😭
@@astrabit Damn, your choices are to either average down, cut your losses, or HODL 💎
Bro… I bow down to your honesty and transparency…. and we can all share and feel your pain… I think the best approach is exactly what you said… it’s crypto, it’s bound to be highly volatile so you must set your long term time frame and commit to it and ignore the short term volatility.
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GOOD the more you complaint the more dropping , will go $0.02 soon ! Good for you
Never avoid a sale to avoid a tax. When you're up that much, you gotta take some profit.
=D Yeah perhaps eh? But then I had an objective in the very beginning.
People with no retirement savings (or any savings at all) are playing around with these coins like gambling addicts.
Once you're financially free it's a different game altogether to the average Joe who is having a pop at it
Those who invest their life's savings are the ones to sell out when it dips 80% because the money is need to pay rent. That is guaranteed to lose money.
No offense buddy but honestly you have no reason to be disappointed, and I’m gonna tell you why let’s think like a grown up here for a minute, you’re a very young guy full of health and energy I believe you had a great talent working as an engineering in the past. Now If you really want that roadster so bad What you really need to do is get your ass off the couch and go back to work and make some real money 💵💰 and stop relaying on unpredictable identities hoping to become rich one day so you can buy your dream car.
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Man, you have no idea how much I appreciate your honesty and transparency. Best of luck going forward!
I had 105k units of Doge when it hit big. I was in at $0.05. I sold all of my units at $0.30 the other day and bought 25k units back at $.20. I'm not playing the TO THE MOON game no more. It's not fun. LOL! I could have had $76,000 minus my initial $6,000. BANKING! But I ended up settling for $30,000 less my $6,000. I'm now gonna just buy high and sell low like a typical market should work.
The to the moon shit got me caught up and I should have sold it and been done. But that's life. Time to use the gains I've got to make more money from the gains. That's LIFE!
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Investing in Gold, silver and crypto currency now should be in every wise individuals list, in 2 to 3 years time, you will be estactic the decision you made today
Investing in these economic crisis will be one of the best thing to do
You're right I think Gold and crypto are the best to invest right now
@@digitcashflow3605 Gold's are good but crypto is better
@Stephanie Goley That won't bother you if you trade with a professional like Clinton mark
I'm a living testimony of Clinton mark
Let’s be clear- you made 100k, not “lost 500k”. If I were you I would take the profits asap. Good luck!!
I sold some back in May just to cover my initial outlay. That way I’ll never lose money on it. If I were you I’d just hold it now and stick to your $1 goal.
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This might sound messed up but one of the reasons I enjoy watching your videos is because you get so down over things that don’t really change your life. You don’t have to work another day in your life because you saved up and were smart about it, and still not making more money off doge ruins your mood. It’s always a reminder to myself that there’s no end goal we’ll get to that will make us feel complete. You’re a clear example of that for me.
I'm actually pretty ok, you have to feel something if you see it drop no?
The problem with doge is it’ll only go back up above 50cents if it crashes below 5cents maybe even 0 cents it’s just nothing special it has no great use case
You never know. Dogecoin prices can go up suddenly. It's VERY volatile.
Bam! $1.00!!!
it will , maybe 5 or 10 years. not bad for long term
Right. It shot up in 48hrs from May 5th to May 7th. All it takes is two days....
Been on this roller coaster for years, still holding, bought some this morning. I don't think we're in a full bear market yet, just a nice correction to help filter out the folks with weak hands.
Keep telling yourself that
@@ClassicRockMan70 lol k bro
You're correct the bull market is far from over it's only dropped because of the news from China etc.
@@ClassicRockMan70 if youve been in the market since 2013 youd know the cycles
@@ebyvids lol good luck
Heyyy you were mentioned by Graham Stephan on his newest video!
Dont know this channel, but your vulnerability, honesty and humility is something that youtubers are lacking. I hope you continue to climb through the loses. I hope we all learn to play by the numbers game better than an emotional one, because sometimes our emotions do get the best of us. Good luck, hope to see more genuine stuff, hope you can teach us a few things along the route.
so honest that i feel your pain...... keep your head up, every loss is a chance to learn where you went wrong and improve your knowledge on the subject at hand.
Thanks for the comment contact him for more info
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If he feels terrible now that he doubled, imagine when he's going to make the first 50% loss 🤭🌈
Dude, you could still sell and it would be an insanely good return. 3x in a couple months is pretty much unheard of. The different coins pretty much move in lockstep with each other and kind of follow Bitcoin which had a pretty bad technical chart right now so things are likely to continue downward overall. There really isn't any fundamental analysis that can be done with coins so you have to rely on the technicals. You can still make some great returns if you sell. It's 100% up to you but it may not be a bad idea to make off with your gains. In reality it's multiple years worth of spending for you with your minimalist lifestyle.
@Cat Kingradio883 Do you know what a head-and-shoulders chart pattern is?
This is my roadster money. I'm buying one with dogecoin no matter what.
It's all good man, I'm hodling for at least 5 more years.
It’s at 6 cents never will go back up again
Reggie did you see dogecoin is 10 cents again. Did dogecoin go up again
I experienced exactly the same feeling, a bit depressed, stay strong bro
*Money is an issues that everyone has for a better and luxurious life. life was hard for me until I started trading Bitcoin and now earning $8,435 per week*
Most intelligent words I've heard.
Crypto is the new gold
I wanted to trade Crypto but got discouraged by the fluctuations in price
That won't bother you if you trade with a professional like Expert Richardson Williams.. My first Investment of $3000 Mr Williams on forex has earned me profits of over $24,320 within 15days
I heard that his strategies are really good
Reality is you still beat the S&P500 which would have been “sound” investment advice. You can feel bad for not selling at the peak as much as you want, but don’t ever let people tell you that doubling your money in a few months was a bad investment.
Lesson is: Don't spend more than what you can afford to lose.
That is dumb thinking, my parents thought that way and they basically didn't invest their entire life because of it. They poisoned me with that idiotic nonsense until I got older and started learning more about investing. The stock market has never gone to zero and stayed there, so if you are broadly invested you are never losing all your money, and you will never go down without going back up. Basically unless our entire economic and monetary system comes crashing down you will not lose all your money if you use even a slight bit of sense investing. If the whole system goes down, cash you were hoarding will also be worthless, and I have a hard time believing someone sitting on gold bars is going to be doing super well either until a new monetary system and economy emerge and things stabilize. People who sold at the bottom of the 2008 recession lost tons of money, people who just held on to it and kept doing what they were doing, came out the other side, 18 months later, with more than they started out having, especially if they managed to stay employed and kept investing during the low points, they came out way ahead. The real key is to live within your means well enough that a modest emergency fund and the flexibility to take a lower paying job and still make the mortgage payment, will keep you from having to sell your long term investments to pay the bills.
Great to be back BTB.You’re the best!
Thank you for your honesty.
Icarus still relevant after all these generations.
these ideas repeat themselves. burry calls himself cassandra
he is going to the moon, not the sun. big diff bro
DOGEcoin HODLers are mostly 25 years old and under.
“This is Unbelievable!” ...this means sell
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You still doubled your money in two months. That is a crazy win. Even when you lose you still win.
I think you’re unvarnished and sincere exposition of your emotions is a good character trait. I think it bodes well for your present and future prospects. At the end of the day we are all a sum total of ALL our experiences “good” ant “bad” ones.
To the extent that you use this experience to inform your future decisions constructively then this can ultimately be a good experience and a win.
Best.
And thanks for sharing triumphs and “failures” in equal measure. We benefit from both.
It’s cool, you’re still up 100K
Always try to take some profit when the market is hot
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Gain/loss is realized when a crypto is sold, not when holding
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True
this mindset isn't healthy in the end of the day you made a huge profit you should be happy that being said sometimes its better to just walk away and just live life.
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I respect you for posting this.
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that is why GREED KILLS! TAKE YOUR FUCKING PROFIT. profit is profit man. no one is going to hate you for taking profits
I like these honest mistake videos. It's reassuring to know that even the experts get it wrong sometimes.
This guy is an ignorant poser.
Dogecoin is going back to two cents. Mark my words.
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Can i buy 10 dollars of dogecoin ? Or i need more money
Easy come, easy go. At least you're still profitable in this
Maybe not for long. Maybe I'd lose half my principle soon.
I’VE LOST $150K on PLTR when it at $45
I contemplated to sell but holding it longer because of tax
Now, correction occurred+wiped out some of my margins
Although my case is not a trading or invest, I spent over $10,000 in gambling with no profit over few months through online gambling. And fortunately in one day, I turned 250 dollars into $25,000. I could have cashed out and paid off my $4000 loans, money i owe to people, fix my cars yet still enjoy things I wanted to do for a long time. But I just got greedy and lost all of them overnight. I feel sick, exhausted, see no motivation again to make money at work… but your case 500,000 thats just..
Dude, Doge will be back up again by the end of this year. Just hold for the long term...
Exactly . Don’t be sad , that roadster is still in the horizon !!
I lost about 10 grand. At this rate Doge is going to revert back to $0.5 a coin like in the Beginning
why would put 10 grand on a meme coin
@@ernied3050 Francis invested $65.000
@@Knightfall3000 then you are all millionaires like him then lol
Total invested is about $61,000. It's now around $200,000. So about $140,000 up.
@@ernied3050 🤣
I think you just need to remember this is the price where you’re jumping for joy before so you’re really just still back to the jump for joy day
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thank you for your honesty. I thought you had cashed in the high 40s cents. No one can tell the future, but I am glad you are still up. Good luck and hope it goes back up higher for you.
Just gotta not look at it for a few years.
Thanks for being honest and transparent. I hope you get to feel better.
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Gotta remember in order for a millionaire to be made, thousands of poor people lost some money.
Lmao
Wtf bro, this is how u react to a downed man. Bro I only have $150 in Doge, good thing I’m poor LMAO
Elon lied to us all.💗💗💗💗
Naw, I think it'll work out.
Can't build an empire by night, read that again and think about amazon and McDonald's. Elon got 3 huge projects coming before the end of April of 2022 which means 🤑
I commented on your previous video saying it would go down. Here are some more advice. I expect it to go under 10 cents in the next 1-3 month.
And the highest it will ever go again is under 50 cents. 80% of the "diamond hands" will cash out if they get the chance to break even again, they need the money for bills etc.
I would sell either now or if it gets over 20 cents if I were you.
I like your honesty That’s why I watch your contact Plus you give me knowledge on a lot of things
Investing in bitcoin is the best investment anyone can do this season, because bitcoin investment has made a lot of people millionaires
I actually started investing in bitcoin before lockdown now I make profits more than I expected
You are on point
As a beginner how do I get started ?
@@williamkain8577 If you are a beginner, I will advice you to get connected to a professional trader like expert Aiden Wilson
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If you are financially independent, your still ok. Plus, you put your money so long ago that you didn't lose all that money. If you sell, you can still make a profit. Considering the number of people who trusted the champion of this coin. You're in an incredibly good position. Have a nice life!
Hold is Gold. Thanks for sharing. You’re a great guy!
I noticed all RUclipsrs who got greedy try to justify HODL with tax benefits of holdings 365 days.
The hype will never return. Sad
You only lost if you sold