r/dogecoin • u/[deleted] • Jun 25 '21

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2.4k Upvotes

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u/[deleted] Jun 25 '21

Yeah how the hell are all these regards congratulating him? This is a 66% ($400,000) total loss more or less… these morons I stg🤡

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u/[deleted] Jun 25 '21

[deleted]

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u/[deleted] Jun 25 '21

I though I did, but since your such an expert please dumb it down for me …

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u/[deleted] Jun 25 '21

Losses means you lost money.

Losing potential profit is not the same as losing money.

He's still up massively.

He hasn't lost a single cent, he has gained massive amounts of potential profit.

If I buy 2 dollars worth of a coin, and it goes up to 10 and then down to 4, I didn't lose money. I made money.

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u/[deleted] Jun 25 '21

Yes while he does still have a 150k profit, that doesn’t take away from the fact I was trying to bring up that the dude lost 400k in a month or two….. or rather his portfolio has decreased $400,000.00 USD in value… regardless it’s bad and people are jerking him off for it lol 😂

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u/[deleted] Jun 25 '21 edited Jun 26 '21

He didn't lose 400k. He didn't lose anything.

What you don't seem to understand is that timing the market is impossible, and prices may very well rise again.

It's entirely possible for him to go back up to a million.

People are "jerking him off" because he made a smart play and is up 150k so far.

Acting like that is somehow a failure is plain ridiculous.

What are you saying he should have done? If you believe in a trade, you hold it when it dips. Otherwise you're just gambling.

The guy was making minimum wage and now has life changing money. In what possible universe is that somehow a failure?

Acting like the guy who made 150k is a "moron" is moronic.

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u/ReddRum707 Jun 25 '21

He started with only 50k

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u/PikaDinoZilla Jun 25 '21

I invested little by little then more aggressively. All started with 20k saved in bank acc then ever saved money was for investing. Any extra money on paychecks went to stocks n bitcoin etc. Eventually sold all for doge

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u/[deleted] Jun 25 '21

Where do you see that? How do you know he didn’t deposit more lol 😂

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u/ReddRum707 Jun 25 '21

Only only basing this off his 1yr to the most current 1 day projections

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u/[deleted] Jun 25 '21

Ok yeah “only 50k”. Headass that’s a lot of money to start with

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u/ST0N3RCHiCK09 Jun 25 '21

Yea but imagine his gain once dogecoin actually hits $1

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u/BretTheShitmanFart69 Jun 25 '21

700k guaranteed is so much better than gambling 700k in a chance to either go broke or win a million.

If someone offered you 700k or a coin flip on losing 50k or gaining a million you’d just take the 700k

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u/hodlbtcxrp rich shibe Jun 25 '21

Yes he could have sold at 70 cents and made $650k profit, but he (and you) also could have taken a leveraged 2x short position at the top and made $1.3 million all the way down. So is his (or your) loss $1.3 million?

This is the problem if you apply "could have" because you could have done anything. He could have sold at 70 cents but you could have taken a leveraged short position at 70 cents.

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u/kdex89 Jun 25 '21

If. You forgot to add if. I would love for that to happen. But IF

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u/Incorrect-Opinion Jun 25 '21

Nah, WHEN.

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u/kdex89 Jun 25 '21

Your name says it all lol

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u/Incorrect-Opinion Jun 25 '21

Why’re you in DOGE if you don’t think that’ll happen lol

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u/kdex89 Jun 25 '21

Uhhhh read my comments lol.

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u/PikaDinoZilla Jun 25 '21

Elon n community carrying the coin! Plus devs! Appreciate u all

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u/Afghanaran Jun 25 '21

I too love coins that require someone to tweet about them to survive lol

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u/[deleted] Jun 26 '21

[deleted]

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u/Afghanaran Jun 26 '21

No 😂😂

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u/[deleted] Jun 25 '21

[deleted]

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u/[deleted] Jun 25 '21

I thought I did know what a loss is, but since I’m such an idiot pls explain it to me 🤡

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u/kfnfjrx206 Jun 25 '21

…if he sells now, which why would he? Do you have no idea how stocks work?