“I’ve lost $4 million, 3 years worth of work, and other people’s money,” he wrote in a post that’s garnering lots of attention. “Should I kill myself?”
“I started with 50k from my time in the army and a small inheritance, grew it to 4 mill in 3 years of which 1.5 mill was capital I raised from investors who believed in me,” Lilkanna explained, adding that those “investors” were friends and family.
“The amount of money I was making was ludicrous, could take out my folks and even extended family to nice dinners and stuff,” he wrote. “Was planning to get a nice apartment and car or take my parents on a holiday, but now that’s all gone.”
Now Ripple on the other hand… good fundamentals. Sure to go to the moooon.
Edit: From the guy’s screenshot, he has SUNE also. Is this a joke?
It’s great that you made that money, but don’t let a one time fortunate event prevent you from making good decisions with your money in the future. The total amount that you made from Ripple is the daily volatility of my portfolio at the moment. If you continue to learn and make good choices, you won’t have to bet on speculative assets.
It’s up 276% yoy, which is like 20,000% to blockchain enthusiasts I guess. It’s also down 80% from the peak when the coinbros were calling it the future…
Ohai always drops these subtle hints of his wealth. I remember a few years ago when he sold some investments and accidentally had something like a five or six figure tax bill lmao. And he often talks about salaries as seeming too low (that are actually quite high salaries to begin with). Based on these comments, I’d guess he is one of the older posters? or really good at lying via subtle bragging lol
The funny thing is that investing in some stocks, could have the argument made, are no better than investing in crypto. TSLA stock for instance: Also great fundamentals. Hopes and dreams in a highly fragmented space with way more established competitors plus extreme cash burn and large doubts in the capability to service their debt.
Basically seeing returns based on what the next idiot is willing to pay for it, right?
I am not disagreeing with anything you are saying, I just see you have a special hate for Ripple since you have mentioned it several times on different threads lol.
people post this stuff all the time on wallstreetbets for attention… its what happens when you let kids who want to “make bets” “4 the gainz” and generally act like 16 year olds. usually it gets found out later the screenshots are from paper trading accounts
Um, what did OP make on this, like $15k? With 75 bps daily vol that is a portfolio of $2M, which is really not outlandish at all. If that is a fund…operational costs are destroying your return.
people who make money by taking excessive risks isnt really impressive. its like gambling at the roulette table. say you put a mil on black and win. you made a mil in a second. odds are you have traits and habits that will cause you to bet on odds stacked against you.
slow and steady wins the race. Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
