/biz/ - Business & Finance

check these

>>19671141
how many double ups for a million OP?

>>19671389
It's ten from $1,000. There's a reason why this doesn't happen and practically no one here has more than a few million.

>>19671141
>(10000 * 2) * 17 = 340000

???

>>19671141
Yeah but what are the odds you double your money 17/17 times?
What are the odds of taking a loss? It's not that simple.

issue becomes volume and taxation. Invest in armed mercs.

>>19671450
That's 20k multiplied 17 times brainlet

>>19671450
lol holyshit this has to be bait.

>>19671450
>Business & Finance

>>19671477
>>19671505
What's wrong mathlets? That is quite literally the doubling of 10k, 17 times. That is to say, you have 17 stacks of 20k.

>>19671483
Only non-retard here

>>19671465
The odds depends on how secure the double ups are. But surely there are plenty of sure 2x out in the market. It's not like rolling a roulette.

>>19671531
I was talking about compound doubling.

>>19671531
>What's wrong mathlets? That is quite literally the doubling of 10k, 17 times. That is to say, you have 17 stacks of 20k.

>>19671450

Are you a black-jeet aren't you?

10k
20k
40k
80k - I am here after starting with 10k.
160k
320k
640k
1280k


Now, where are the people that have done this? Nearly everyone in /smg/ that has more than a million is some boomer that only buys 1x ETFs who has a well paying job and contributes tens of thousands each year into their account. There's simply no one around that has managed to sustain such a return long term or else they would be a billionaire by now.

>>19671558
Then you would say if you started off with 10k, and doubled your money 17 times, then it would be a billion.

Doubling 10k 17 times is something else.

>>19671141
I remember thinking this 2 years ago.

Even if you assume that doubling your money 17 times is easy, you would run into problems with liquidity as you start buying and selling hundreds of thousands at a time.

>>19671435
THANKS ANON, IMMA TRY THIS WITH SPORTS BETTING WENCE I, UNIRONICALLY, /MAKE IT/

>>19671594
Its more often like
>10k
>20k
>15k
>25k
>50k - I am here if I get lucky on another doubleup after starting with 10k.
>45k
>90k
>105k
....
>1280k

>>19671626
The real sticking point seems to be over a hundred thousand. It could be psychological barrier with people losing their edge with that amount of money at play or it could be that it's nearly impossible to beat the market long term and we are just fooling ourselves. I think this is the biggest mystery in trading and it's so rarely talked about. It isn't just doubling, it works with a high return and compounding. 10k with a 50% annual return over 30 years is nearly two billion dollars at the end of it.

Two explanations that are frequently suggested are volume and taxation. In some countries you can do this in a tax free account so that isn't a concern and volume doesn't matter if your trades are under a few hundred thousand unless it's a low cap meme stock. It would affect the billionaires, but not people with a million dollars.

>>19671465
Go to roulette table
Bet on black 17 times
Black dont crack

>>19671141
What are your odds of making 17 correct trades in a row? Even at 91% certainty you only have a 20% chance of winning.

>>19671450
hey look who rolled in from stupid town.

>>19671931
>>19671941
If roulette had a true 50/50 chance of landing on black, the probability of that happening 17 times in a row is 1 in 131,072.

In trading it's different because of the upward bias and you could technically just hold something like a leveraged index ETF until you came into profit again. Depending on your risk/reward, it's also possible to lose most of your trades and still profit.

>>19671450
These are the kind of posters i try to help on this board. Yesterday someone thought compounding meant compound interest offered by an exchange
No hope for this board

>>19671596
Please visit a doctor. You have reddit

>>19671608
Redpilled. Do you use crypto or Fiat?

>>19671141
$10000 x 2 x 17 = $340000
lol doesn't look like a billion to me retard

>>19672349
my nigga I'm all in crypto. but gonna go ALL in during the next dip with some pocket money on FTX. I'll try the doubling down run after the golden bull cum by betting on sports. see how close to 10 consecutive wins I get before losing it.
if my math checks out, I'll have 10 tries at $1k each with $10k throwaway cryptogains monies

>>19672380
It's $10000 * 2^17 = $1.3B

OMG will be a sure x2 within the next 2 months (most likely 1 month). I believe possibly x10 or more, but there are reasons for this.

>exchanges buy OMG
>fee rate changes on OMG network from % of OMG to % of ETH
>exchanges pump OMG as high as possible
>exchange as increased the value of their fee tokens while saving on fees using OMG network anyway
>compounds the saving of any ETH token transaction by around 97% if they pump it 10x
OMG will be the only method of payment on the network until staking, and the change from % of OMG to % of ETH takes place in the next week. OMG volume has increased higher than ever, even during 2017/18 bull run, despite having a mcap less than 1/10th of the mcap during the bull run. I believe that is because exchanges are buying up getting ready for the fee change.

>>19672646
>^
holy shit you're retarded thats not even + - x /

>>19672568
You're literally me

>>19673085
gonna buy leveraged BULL coins on the next crash my fren and not listen to the cunts who say they're for short term trading. ruthlessly cash out all my pathetic alts and the bull coins into stablecoins during a blow off top. a third to my bank, a third earning interest and a third for buying bear coins and gambling with