/biz/ - Business & Finance

>>27527661
Interesting, what are you studying, what year, whats the jobs prospect, whats the current portfolio..

Do both faggot

>>27527661
this is the core mentality of a retail investors, and why they call retail investors dumb money

it's driven by a fear of missing out

there will always be opportunities, there will always be another opportunity, nothing is ever "once in a lifetime".

you cant miss out on "crypto" the same way you cant miss out on "the stock market".

just keep learning, do paper trades, and slowly build up some investment money.

stopping your life to get 20k just to get in the game is a very bad idea. you should look up the time value of money.

keep moving forward, dedicate some time when you can learning, do paper trades. by the time you have enough capital built up to do some investing you will be in a much better position to not blow it all on "tuition fees"

you will make it while minimizing risk. :) check out some videos on market psychology and things like that and so you can know when you are emotionally stimulated (bad) like feeling FOMO (you now), euphoria, catastrophizing etc

this is the way my friend, i am new too. we will all make it

>>27527661
Make sure to have a couple side gigs.

skills are more valuable. trust me, I barely have any

>>27527661
>not putting your uni monies into crypto

>>27527661
Idk I dropped out of college but now I have half a million in crypto from about $10,000 starting so I can't complain. I just dropped my expenses and lived poor while working over time to save up at my job. In retrospect I should have never went to college because I didn't have a set plan and nothing interested me at the time. I just took gen ed classes for two years and wasted a bunch of money. Everyone said "just go and you'll figure out what you want to do while you are there". Terrible advice.

>>27528933
Every day of your life is once in a lifetime

>>27527661
If I went to college right after high school, I would be poor like my friends right now. Instead I have 400k and just started school at 24. Do with this info what you will.

>>27528933
>there will always be opportunities, there will always be another opportunity, nothing is ever "once in a lifetime".

True but take Covid for example, that shit brought BTC and ETH down like crazy and IF YOU HAD THE CAPITAL at the time, you could have gone hard into it.

Those types of events are extremely rare and you have to be ready to strike when the time is right.

>>27527661
youre going to stop making money so you can sit and wait for your crypto to grow?

>>27529225
>I dropped out of college but now I have half a million in crypto from about $10,000..
This is survivorship bias, things arent garanteed
>I should have never went to college because I didn't have a set plan..
But you lost the potential skills that could make you consistent money for re-investing, etc.
>>27529332
Why not both honestly? I had plenty of time in between, it only took me 100% of discipline but thats the only requirement to "make it". The how bad do you want it is a cringe take but true.

>>27528933
No. Changing financial systems like this is a once in a lifetime event. Sorry there is no second chance.

Plenty of people work and go to school. Wagie on the weekends and put your tip money or whatever into crypto. That way you can still continue your education, still invest, and get some work experience.

>>27528066
I'm studying IS, 2nd year. Job prospect should be good. Portfolio non-existent.

>>27528933
I don't think we'll get a perfect storm like this in a decade at least. Fledgling DeFi project that are 1000x undervalued, the world recovering from Covid ready to return to normal, people becoming extra alienated by the stock market and USD. Not to mention gen-3 of blockchain technology going live this year with PoS, LN, and Smart Contracts adopted by everyone in the scene.
This really is a once in a lifetime kind of year.

get a part time job and put the money into crypto

>>27529967
>Fledgling DeFi project
which ones specifically? Im in LINK/GRT currently

>>27529967
So... all-in LTO?

>>27529732
>But you lost the potential skills that could make you consistent money for re-investing, etc.
If OP is just taking gen ed with no specific niche plan, then he is wasting time. Uni is a business, if your not getting a niche degree in something STEM related you are wasting your time. Experience is more valuable than your business management degree x10. Start your own business and stop putting so much effort into working for other people

>>27528933
btc was literally once in a lifetime. Every guy who bought a bag to score some weed in 2011 is now a billionaire

>>27531474
Not quite, the FBI have my billion dollars right now. How do I get them back?

>>27528933
>le mainstream investor advice
no, this is the turn of the century
I considered taking a loan for LINK 3 years ago, if I had I would already be done, and the closest next opportunity to LINK in 3 full years was the Graph

Next one might be another year, might be in 3 years. With the stock market turning into a circus the only holding back the blockchain explosion is gas fees

in other words you are gambling on whether ETH or AVAX or L2 solving the gas problem will take more than a year.

Nothing wrong with taking risk OP, this is what makes money.

>>27531867
the only thing* holding back
but make sure you actually get a job BEFORE pausing studies, OP

>>27528933
This was good advice 20 years ago and will be good advice 20 years from now, but it's totally wrong now. You have like two years to load up on defi and shitcoins.

>>27531474
>BTC was once in a lifetime
>ETH was once in a lifetime
>LINK was once in a lifetime
etc.

>>27532193
that's literally what everyone said in dec-17/jan-18. get your head out of your ass. history is and always will be cyclical.

>>27532473
>implying they will not 10x during the next 10 years

>>27527661
wouldn't be retarded. just dont be dumb and lose it in shitty projects. idk where you are but warehouses pay pretty decent and the work is rather easy. better than retail if thats what you were thinking about doing.

and the bonus is working in a warehouse will make you never want to work in one again so that should fuel your desire to graduate

>>27529332
incredibly based anon

Link is still the next Link

If 50x is not enough for you for a secure bet in the next 5 years, your expectations are way out of reality.

Also, there will always be new opportunities. Eth and Link are platform and “backbone” solutions; there will be new applications that will moon that do not exist yet. Think of a future Facebook when Microsoft Windows was invented.

As long as major crisis dont happen (Covid, financial collapses, world war, etc.) and humans keep progressing... there will always be new opportunities. You will learn this over time.

>>27529967
>I don't think we'll get a perfect storm like this in a decade at least. Fledgling DeFi project that are 1000x undervalued, the world recovering from Covid ready to return to normal, people becoming extra alienated by the stock market and USD. Not to mention gen-3 of blockchain technology going live this year with PoS, LN, and Smart Contracts adopted by everyone in the scene.
>This really is a once in a lifetime kind of year.

Sounds like you are aware and not entirely clueless. Alright, if you think you can figure out the next picks, go for it then.

>>27532897
Working in a warehouse and seeing all those poor wagies made me want to graduate faster and learn some skills

Highly suggest this. I did the same thing and with my first paycheck i bought some nike stocks. Month later i found out about bitcoin and bought 1 for 1000ish dollars. I only worked for like 5 months

OP this is literally what Ive been doing since last fall im up from 200 dollars in my bank account to a high 4 figure stack and thats while paying my own bills
Hopefully if the bullrun keeps going I can hit 6 figures by the EOY and I'll go and finish college
My main holds are ETH and LINK but I fuck around with shitcoins sometimes

>>27533749
Link will 50x from where its at today?

>>27529967
I would drop out but also keep studying things on my own. Like programming concepts, Python, data fundamentals, SQL, and APIs. You also need a better excuse for dropping out so maybe tell people you had a great idea for an app and now you’re working full time on building it.

>>27532897
I've worked shifts in a factory for 3 years to pay my tuition. I know what hard grueling work is, and frankly I prefer it over listening to out of touch boomer lecturers 8 hours a day and being forced to do projects with drooling subhuman students. Manual labour did not make me want to get a degree, I would've kept working there if it wasn't a dead end career.

>>27534107
>>27530166
I'm only looking at fundamentally sound projects that I took the time to understand down to the technical level. I can't afford any more than that.

>>27534699
Good luck my friend.

>>27527661
Very. Stay in school

>>27527661

Very.

Finish studies, get a proper job, find solid projects and drip feed money into them. Put together a bag that's 50% 'safecoins' and 50% speculative. Use your actual 'job' job to max out your pension payments and as you make your way up the ladder, increase your stock holdings etc.

This is the sensible play; you'll be better equipped to take a year off (if you wanted to do that) with a degree in your hand because you can find easier and comfier shitty wagecuck jobs with a degree than you can without - it can be the difference between working at home with headphones on and Binance running on a separate screen or working outside in the pissing rain lifting things for 8 hours a day. Think on it, anon.

>>27529732
Well honestly I didn't want it much when I was 18. I was a lazy student in high school and I imagine college would have been no different. Now I am both motivated and genuinely interested in the material. I am crushing school in a way I could have never done 6 years ago so personally for me this was the best course of action. I needed time to figure shit out and I did. Obv this path is not for everyone, I have a lot of support.