/biz/ - Business & Finance

Wow I just sold everything, fuck crypto

>>55584258
>damn some people had it easier so i'm not even going to try

>>55584306
Kek
Its true for most people

OPs a fag as is that kike on jewitter. DCA and hodl /Thread

>>55584329
dca to what and for how long?

>>55584258
kinda true.. i had to sell my bags due to poverty and rent and missed a 100x. Richfags dont have this problem, they can hold 50 shitcoins to 0 and it wont cause a dent in their present/future

>>55584345
same with high paid wagies. Lost a couple wages? no big deal. Its the poorfag neet who really risks it

>>55584357
yeah I feel like if you're a STEM bro, you can afford sticking with crypto year after year. DCAing like this anon >>55584329 and throwing down shitcoin gambles here and there, but if you're broke then it's probably a bad idea to invest in anything unless you live with parents

>>55584357
I live with mummie and gamble my factory cuck wages

>>55584258
Damn feels good to be the 1% then. Family is working low middle class, grew up in a mobile home, family is high time preference people. Built a 110k crypto portfolio from scratch. Literally just waiting for the bullrun. Oh and even as were in this end of bear/begin of bull I have remained fully profitable in my crypto investments. Im so fucking ready boys.

t. 2 BTC, 5000 LINK and some alts.

>>55584398
lol you're not the 1%. You're what any STEM dude saved up in cash after a few years 0 risk. Making it would be having $5-10M or so before 40. At least $1M before 30

>>55584258
Probably some truth to it, but not for the reasons he was getting at.
If you’re broke and see a 50k payout, it’s probably a hell of a lot more tempting to cash out than if you come from wealth, and 50k was your birthday present at 10 years old.

it was less risky before(2009-2018) because the crypto market had huge variance and every month you had a chance to double your money

now the volume is down to 1/100 of what it used to be so its tough to make it

>>55584411
Then I am well on my way then ;)

>>55584441

>>55584453
cheers bro

>>55584335
DCA BTC until ~november 2025
Check the history to confirm this.
DCA back in the next year and continue until 2029.
Keep repeating.

>>55584258
Looks like I'm top 1% OnlyFans then since I started with 5K and I'm now to 500K suck my cock and balls nigerians

I tell everyone that my secret to investing is my family is my biggest investment. I live with my parents and so the money I would have spent on rent and groceries go right into crypto.

Looking down on others for having familial support is poor people thinking. Stop trying to reinvent the wheel. Start with the structure your parents built and capitalize on it.

Obviously if your parents didn't build anything, much less maintain a stable home together, then you're starting from scratch and the above advice doesn't apply. But that means you should keep this in mind in the event you are able to start your own family.

>>55587418
my family is my biggest asset.

>>55584258
>Are the odds really under 1% to make it in crypto?
For make it quick scheme, YES!
For make a lifetime passive income by leveraging tools like that of Aave, SpoolFi, Curve etc, NO!
>Plebbits won't understand this.

>>55585270
This is the last bull cycle for Bitcoin. After 2025 the market cap of btc is so big only Blackrock and Fidelity can move the market. Maybe there's still a 5-10x to be made in poopoopeepeecoin but that's not guaranteed. Once crypto is integrated into tardfi the moonshots will be mercilessly eliminated so retail rats like you ngmi.

>>55587864
>This is the last bull cycle for Bitcoin.
You keep saying this and it keeps being wrong.
>After 2025 the normie-retail markets will finally open for BTC
>Maybe there's still a 5-10x to be made every year for the next decade
>Once crypto is integrated into tardfi moonshots will be fueld by retail rats like me
FTFY
You will pump my bags.

>>55585270
if you 2-3x an ATH, why bother HODLing? Why not just sell it all at that point and buy back in the next bear market?

>>55587418
What do you do for a living? I'm a SWE and make plenty of money so the solitude and privacy is worth the $1000/month it costs me. I live in a comfy low cost town anyway. My family is poor and live in a small old house that doesn't even have AC. I hope to eventually buy them a new house somewhere nice by a lake or beach

>>55585270
ITT retards who don’t understand that the last bull run that we saw was due to the fact that the trump administration propped up the entire global economy due to massive stimulus dollars.


Third worlders have 0 understanding of finance.. There won’t be another 2020 esque bull run. If you didn’t make it in 2020-2021 you’re not going to make it now. Crypto is quickly becoming regulated which means you will continue to receive average outcomes as there’s no more benefit of you dropping your bags on someone else greater fool style.

It’s over.

>>55588037
>if you 2-3x an ATH, why bother HODLing?
That's what you do. That's why i said until november. You stop then and DCA, maybe the month before to be safe. Then start to DCA back in a year later.
>>55588391
>le trump
>there won't be another run
>didn't make it you're not going to
>it's over
Can you be any more of a meme?
There is no make it because you should never be stopping.

>>55588428
>That's what you do. That's why i said until november. You stop then and DCA, maybe the month before to be safe. Then start to DCA back in a year later.
but you do sell, right? I dont want to hold bags and get dumped on when even Katy Perry and McDonalds are shilling crypto again

>>55584258
I personally know 1 guy who went from a wagie to multi-millionaire on the last bull run. He was not from a wealthy family - lower middle class at best. But he studied the market religiously, played with leverage and took huge risk.

He had no wife/kids and was still young enough (mid 30s) to recover if he lost it all. When you have no dependents you can do that kind of thing. If you've got a family (like I do) you tend to play things much more conservatively.

>>55584258
every bowtied account is a massive fag

>>55587915
Sorry bro my bags were packed at 15,7k. I'm just telling you what's gonna happen but good luck getting rich from Bitcoin after 2025.

>>55588473
yeah i have no kids so might as well. I'm a SWE so I can save up a lot of money quickly anyway. It doesn't really make a difference. I've told boomers I invest everything into crypto and they think I'm retarded. Maybe so but these boomers also lucked out within the circumstances of their times.

>>55588495
Yeah I dont get why the main account tends to shill branded dropshipping/ecommerce so much. Literally, they claim they got rich selling diet pills to fatties. I'm sure exploiting some insecurity works but I doubt the odds are any better doing that and working crazy hours building some piece of shit store vs staying on top of crypto/NEW trends for a couple market cycles

>>55588697
>Yeah I dont get why the main account tends to shill branded dropshipping/ecommerce so much

As someone who works IT for a 3PL warehouse, because it works. We ship thousands of packages a day of basic household shit. Nothing you couldn't just walk into Walmart and buy... for half the price.

The big secret: It's the marketing. They flood social media with ads and people buy. That's the whole game. It's not what you're selling, it's HOW you're selling it.

>>55588882
there's a lot of people trying to do it but how many are actually making so much they can sell their business for millions?

The bowtied guy claims the only people making a ton are those marketing the most scammy products to the most insecure people, but I'm sure at this point pretty much every basis has been covered very competitively. Skincare, weightloss, dating especially. I could only see standing out if you got early on a new marketing platform like people with tiktok a few years ago and shill diet pills or acne probiotic pills etc

But to the root of the topic, it still seems someone making good money from their job and investing to crypto across a couple of cycles would have the best shot at getting rich for the effort put in. Even startups seem to have an edge if you have some coding skills and try building things all the time

>>55588995
This is me >>55588882
I had to switch computer's/IP's.

You're right, most everything has been covered competitively. It's one thing that totally stupefied me when I got involved in this business... how can they sell this much stuff that there's 30 other different brands of? But they do. And the volume keeps increasing, and we keep adding new clients.

Like I said, it's marketing. Just get your shit in front of more faces than the other guy. But you need someone who knows how to do that. Social media advertising is a skill, and the guys who know how to do it effectively are paid very well. Our clients aren't spending $100 a week on Facebook Ads. They're spending $10s of thousands, if not more.

But yes I agree: A solid job and smart investing is the best option for most people.

>>55589283
have you tried building one of these brands? It seems you're pretty in-depth with it.

I would rather invest in crypto, build my software skills, and make stuff all the time. Marketing to thots or whatever for years just doesn't seem appealing, even if it somehow ends up paying off.

The other good thing is it doesn't cost much to build software except time and there's no inventory to worry about. Anything I build looks better on my github too, so I'm more likely to make even more through jobs. Meanwhile, something in ecom doesn't translate to anything if it doesn't work out

>>55584258
these guys are the biggest retards in crypto and failed hard at it, there are also persistent rumours the real one sold all of the brand to scammers
lets give a quick rundown in crypto since before 13 but still hustling, investment philosophy its impossible to time the markets so just dca in and never sell, biz neets figure this out in 1 cycle
last cycle bullish, extended cycle, the top is not in till april, then super bearish multi year bear market in june
their current advise to their marks put all your money in tbills lol to buy a house next year lmao and stay out of crypto still rofl
this guys went to the capo school of trading
the amount of soiboy types these guys sent in the minefields in the past 2 years is an impressive sight tho

then next up trading is for losers who will always blow themselves up, the very epitome of business acumen is dropshipping diet pills to retards
this is doubly retarded and funny because right now the chances of making it in dropshipping are at least an order of magnitude lower then making it in crypto

i know you see a lot of posts here that some people are in a cult but their bowtied jungle is absolutely jim jones lets share the coolaid tier
always remember anybody that calls a proven way to make it a short cut to success is a seething dilating poorfag that is angry people didnt suffer like they do
this mindset is toxic to the extreme to anyone who adheres to it, better yet to try and make a better world for close ones at least

>>55584411
>Making it would be having $5-10M or so before 40. At least $1M before 30
>At least $1M before 30
Made it by this standard
>$5-10M or so before 40
This has been a lot harder so far.

Wait so I'm even more special for winning? I get to stroke my own ego even harder? Despite it being harder than I originally expected, I persevered nonetheless and came out better despite it?


Based

>>55588458
>McDonalds are shilling crypto again
Not shilling idiot. They just begin tolerating every crypto assets payment via CryptMi app and so is the hype. Research before spilling cum milk here...

>>55589410
>have you tried building one of these brands?
I am considering it. I do have a lot of insight and resources here but there's still quite a bit to learn. The nice thing about 3PL services is they handle everything for you - inventory, picking, shipping, etc. Our clients never really touch their own product, except maybe in a "secret shopper" order to make sure we're doing our job properly.

If you're into software maybe talk to some 3PL warehouses and see where their choke points are. We have them, and we actively pay several people to address them. This industry just keeps getting bigger.

I'm a hardware guy so I just keep the place humming internally, all the software guys are offsite.

>>55589483
yeah, you're spot on anon. I actually followed these guys back when they were the wallstreet account and had some based posts riding off the philosophy of that Michael Porfirio guy, who apparently made his money through blackhat affiliate marketing (truly scamming).

> its impossible to time the markets so just dca in and never sell,
why not sell when you're 2-3x an ATH? Every cycle btc crashes after that and retraces around 80%. Why stay in cash, DCA during bear markets, DCA out during bull markets, repeat?

>right now the chances of making it in dropshipping are at least an order of magnitude lower then making it in crypto
yeah I could see this stuff working when they did it when Facebook/IG were a newer thing but at this point its saturated for the insecurity products they claim make money

>always remember anybody that calls a proven way to make it a short cut to success is a seething dilating poorfag that is angry people didnt suffer like they do
yeah similar to boomers. They seethe so hard anyone that doesn't wage cuck decades like they did while investing in mutual funds. Meanwhile they fail to recognize times just fucking change. Women suck, homes cost way more, college is 50x more expensive. People have to take any advantages they can get and not rely on old outdated methods

>>55584258
what's this bowtied bullshit all over twitter? who are these grifting faggots?

>>55589633
I meant shilling on social media like posting WAGMI every day. Look at them now, they dont post that shit. They all posted that daily back in the peak bull run

>>55588995
their most recent advise was to sell astrology, first tarot readings or some such bullshit directly with your time to then upsell magic spells and healing crystals from your ecomm store
i also know anons here were talking about that over a year earlier

but at the end of the day any ecomm requires pretty large upfront costs in product and even more in online advertising, they spend fortunes on adds that have no expectations to generate profit
take that money and just pack a crypto bag for 3 years and your odds are considerably better without all the extra work of trying to make your scam ecomm lift off next to your day job

>>55589728
>their most recent advise was to sell astrology, first tarot readings or some such bullshit directly with your time to then upsell magic spells and healing crystals from your ecomm store
there's no way this really would make millions. This kind of stuff would barely replace a regular job for multiple times the effort and risk some big company just taking over the market

>take that money and just pack a crypto bag for 3 years and your odds are considerably better without all the extra work of trying to make your scam ecomm lift off next to your day job
exactly. It's already a huge risk doing this ecom stuff since anyone can copy you, make a better product and hire more people for marketing. I know girls with rich dads and all they want to do is seem "self made" running their own store and will lose stupid money just to have the appearance of being self made. This is the competition. It's rich people that cant blow money forever just to seem self made. It's not much different than crypto but it takes a lot more risk and effort.
At least with crypto, you're on a more even playing field assuming you're buying when things have no pumped.
As for building skills, that will guarantee you just make more money, especially with computer science, and open more doors to invest in crypto long term. I'd even argue building startups/small software apps are a more even playing field than this ecom bs

>>55589696
>why not sell when you're 2-3x an ATH? Every cycle btc crashes after that and retraces around 80%. Why stay in cash, DCA during bear markets, DCA out during bull markets, repeat?
to clarify this since i might have typed it confusingly: i was mocking their investment strategy of never selling
while biz neets figure it out after 1 cycle thats retarded and sell when there is euphoria or better yet ladder out during euphoria near the halving peak and dca in during the crab
now of course thanks to sammy last cycle was exceptionally challenging but it still applied

i followed them since their wallstreetplayboy days since back then they did a lot of lifestyle posts and i found them useful to try to attempt to blend in
i cant tell if this is because of inherent autism or truly one negative sideeffect of making it the 'shortcut' way
but doing so leaves you without both a network of high value people and without the required social graces in that circle
their old account was really valuable in this regard, but ever since they transitioned to this new bowtied bullshit they quality has dropped like a rock
almost as if its not the same people anymore, how odd

>>55589827
all true but as mentioned in my earlier posts it also has something to do with target audiences
here we attract a mix of high iq autists that get hounded out of normie society, yolo retards from the other boards that considering their nature are out of normie society by default and the truly desperate looking for a hail mary
to us attempting to interact with normie society is an uphill battle and crypto inherently has so many benefits that uniquely benefit our strengths and advantages so my advise to anyone that organically come here is yes all in crypto

now btbs target audience is a mix of the wallstreet hustler type that didnt make it climbing he ladder and also some truly desperate but more normies so they shill to that audience

>>55589827
>It's rich people that cant blow money forever just to seem self made
you have no idea how bad this can get, especially daddies special girl that needs to feel vindicated as a business person and blows through half the family fortune daddy lavishes on her, i am seeing this thing play out right in front of my eyes and daddy who was a cutthroat no mercy cunt in his heyday is pussy whipped now
protip: marry off your incompetent daughters or to the nunnery with them, never pay for their business failure

>>55589828
>ladder out during euphoria near the halving peak
Ladder out, as in DCA out? What would qualify as a halving peak? i know the next halving is April 16, 2024, but I'm not sure how you'd qualify a peak other than something general like 12-18 months passed

>but doing so leaves you without both a network of high value people and without the required social graces in that circle
is this as difficult as you make it sound? Can't someone rich just join high quality country clubs, build out a philanthropy in the local community and host frequent house parties if they just wanted to build a great social circle? it may feel weird at first but I'm sure if you're rich, people would want to be in your circle if you cared for that thing. I'm sure even networking through buying expensive NFTs could be feasible, or joining a real yacht club

>>55584258
>Are the odds really under 1% to make it in crypto?
Sounds like fearmongering to me. If that were the case then 90% of this board is already doomed.
Anyways, I don't really feel like risking my money with memecoins during a bear market so I just decided to farm some stablecoins on Kana now that they can mint USDT natively on chain.
>but muh multichain exploit
FTMbros are mainly the ones complaining so much about it.

>>55584258
I don't think I'll ever make it anyways - I'm stuck here forever :^)

>>55585296
is it really a viable strategy to use AI to generate OF content?

>>55590627
Welfare niggers like (you) get the rope. I want my fucking bull run, not some sloppy seconds

>>55590657
I don't feel like wasting my time with futures. Don't wanna get liquidated just because some of you fags can't handle a less risky approach

>>55590646

Do you have a strong GPU?

>>55590627
>kava only has lending platforms and swaps/dexs under its ecosystem
is that really all there is to it? seriously?

>>55590646
Nibba the OnlyFans shit was just s pun

>>55588081
jobless. It was when I was wage cucking at some government job that never made me more than $30K in a single year that I was able to accumulate my stinky linkies and have several wallets staked.

If you're making $70K a year and have no familial obligations, you have way more than you need to throw money around at investments and not feel any blowback on your lifestyle unless you are someone who lets money flow out of his wallet like water down a river.

>>55592301
I'm naturally very abstemious. I eat a really clean simple diet and dont really spend anything despite making 6 figures maybe 5 years straight now. Like I said I grew up very poor and I remember times we didn't even have enough money to eat and I shared a bedroom with two brothers up until I graduated college in software engineering. I have no idea how others get to the point they're blowing money like crazy. I've also surpassed everything I wanted growing up which is a nice computer, plenty of homemade organic food, whatever videogames I want, a paid off car, and enough money to go on trips every once in a while. Everything else I dca into btc, but apart of me still feels I should be saving 90-100% of my money until I'm just 100% set for life.