/biz/ - Business & Finance

>>57900786
being early, spending 5 figures to begin with.

>>57900786

I asked for a layoff package last year and threw all 400k into crypto. Currently 600k and hoping Kaspa retires me. All in baby.

>>57900786
step 1: buy low
step 2: ?????
step 3: profit!

>>57900786
Biz we need help here
https://beta.pinksale.finance/solana/launchpad/FetEW9vDyhs6nJf9W11y9HPJAnzdQ284oJxttASmxVSF

>>57900805
how long u been working to get 400k in severance?

>>57900802
i only have 5k in my bank account should i go all in on doge? it's literally a gamble

>>57900786
Step 1: buy low
step 2: ??????
step 3: profit

>>57900786
Work in tech.

>>57900847
no ai's gonna take over that in 5 years, esp programming. i'll be layed off immediately.

>>57900824

Doge is the most trusted coin in crypto.

>>57900824
People here go all in because they want to escape the wageslave hell. So anything under 1MM doesn`t cut it if you are in the 20-40 age range. It needs to last until you kick the bucket otherwise its worthless.

So if you want to make it take that 5k and forget what consumer shit you could buy with it. Even if you lose it you will learn what to avoid to do next time.

low 6 figs here (200k)

i put 90% of my waging dollars into crypto during the bear 16-30k range and i have continued to buy (im buying alts now)

>>57900786
patience
and northern european ancestry

>>57900890
>So if you want to make it take that 5k and forget what consumer shit you could buy with it.
I already lost $500 because I couldn't hold it after the dump and it hurts so bad. I made that money working partime for 2 years and I have plans for the summer so idk if I want to put all of it. Fuck this gay earth.

Where do you say I put it thought if we're to?

>>57900786
>how are there actual millionaires on this board?
you don't have to double your money all that many times to get there

>>57900786
6 figs is small league, 7 figs is mid and 8 figs is big league.

t.6 fig small league

>>57900786
By starting in early 2017

>>57900976
Study Bitcoin. All other cryptos are shitcoins. Watch "Bitcoin Is Not A Hedge" by Parker Lewis, and "The Ultimate Bitcoin Argument" by Murad Mahmudov with Anthony Pompliano. Also Michael Saylor interviews. Bitcoin still has another 50-100x in it as it overtakes other asset classes as the best store of value.

Honestly should have made it by now but here's my story. $850k folio
>$8k invested peak of 2017
>Lost a lot, one good win, XRB
>Bottomed out around $3k in the bear market
>Had like $3k Link
>Made some money on GRT
>Made a lot of money on KDA
>Around $350k at this point before the 2022 bear
>Whale stack on KAS
>Fucked up and sold too early on most of it
And here I am now. Holding a dozen coins with no idea what to go all in on for one more ride. I've had countless times to make it but paper handed for the most part. My highest conviction coin right now is QUBIC if that is worth anything to you. I really think AVI could do something special too.

>>57900824
Doge has already popped. It's a decent coin but overvalued. Inflation makes it difficult to continue gaining. It gets harder and harder to pump, but you're on the right track looking for legit crypto projects. You want to look for something that always pops but hasn't popped yet.

>>57901257
Get in on the BCHG and LTCN trusts before they hit the 100s

>>57900786
Because we were here since before 2020 you fucking retard. Just buy and hold, it's literally that easy and you fucking refuse to do it.

>>57901254
>Study Bitcoin
I do agree this is the safest bet and is always a good one. I use it as a savings account
>All other coins are shitcoins
Nah. There's better coins. XMR is better than BTC. Better privacy, more scalable. Only drawback is lack of liquidity and network effect. BCH is decent, same thing as Bitcoin with a built in coin mixer and more scalable. Litecoin is decent. Same thing as Bitcoin, optional privacy, more scalable. I do agree Bitcoin will generally give you more gains than any of those though, but they aren't shit. Pretty much everything else in the market is a scam or a security.

>>57901279
LTCN is already charging like $170/Litecoin. The discount is gone and you pay a premium on it. You're better off buying the Litecoins at this stage until Grayscale buys more Litecoin (which will bring the discount back)

>>57901297
I agree that XMR probably has a distinct enough use case to have legs of its own. I think the others you mentioned will get swallowed by Bitcoin in the long term.

>>57901297
XMR is a utility coin. You only need it to make a transaction, not to store value. At the time of the transaction you exchange your store of value for XMR and then use it.

Store of value trends to the hardest asset which is bitcoin, which is why XMR only goes down against bitcoin.

>>57901297
>>57901441
I was thinking about mentioning something about XMR being more difficult to assign value to but I'm tired and this guy >>57901466 said it better than I could.

>>57900786
None of those cocksuckers turned $500 into 6 figures. The secret ingredient is being born a westoid . When you have a big income like most westoids, you can easily throw 3k/month into crypto since 2014 and end up a millionaire in 2023.

>>57900786
i have no idea, i just put my shit on btc and stuff and sometimes i just look up lists of coins, close my eyes, let the spirits of the crypto world guide my hand and mouse and then i buy whatever the arrow landed on
some months ago it landed on bigmike and it did better than i thought KEK

>>57900786
Some of us have been posting here for three cycles now, full of things going 10x left and right. I have 2m and still feel like a failure. Could have 8 or even 9 figures right now if I played my cards better.

Honestly though, super grateful for having been able to make so much. No real regrets, there's always missed opportunities. Thanks /biz/bros for helping me along the way.

Because many of us have been posting for multiple cycles, but more than that, we aren't dumbfuck redditors who jump in after things have already pumped

>>57900860
is this true /biz/. i'm studying that right now, should i transition to machine learning instead

i grew up on 4chan and got used to sifting through all the shit opinions here to find the good ones
i applied this to finding good shitcoins and also got good at charts because im autistic
ive invested a few thousand into crypto and now its 6 figures

you have to fuck up and be able to know why you fucked up to get better
ive fucked up a lot but ive won even more

>>57900786
I got 6. Some of it I made good decisions & got lucky investing. Some of it cause im saving 50k/year by living like a peasant. I dont have 7 figs cause Im a loser who isnt going to make it.
I dont think Ill be able to save myself the way things are going, but maybe I can setup the next generation.

>>57901307
Where do you get this information?

I've been between $2000 and $4000 ever since the last bull run. Kinda forgot about it for a solid year and a half, just getting back into it now. It's not gonna replace a job for me and I know that, but I wanna make 50-100k from this.

6 figures isn't shit you have 26k you put that into BTC at 17k now you have 100k easy.

>>57901525
I recently did 800 into a 100K, it's possible.

>>57900786
>Buy $50k worth of BTC in 2015-2016
>Sell for $400k in 2017-2018
>Buy $400k in 2019 (you didn't quit your job and eat into this initial right?)
>Sell for roughly $3M in 2021
The average /biz/let and redditor apes $1k into dogecumrocketinu hoping for a 9999x and gets rugged then dismisses the space as a scam. In reality investing here is just the same as in tradfi except with higher R/R, it just takes time and patience.

$2.6M here.
1. I like 4chan for its freedom
2. I come here to give encouragement.

>>57900786
inheratence, gambling or both.

>>57900786
I'm trading with $10 dollars lost around 7

>Why You Were Liquidated

>>57900786
Any position where the remaining margin goes below maintenance margin is automatically liquidated. The price at which maintenance margin threshold is breached is the Liquidation price.

>>57900786
I just got into 6 figures range last month. I have been here since 2021, mostly getting airdrops, I just added about 200 bucks since I started. You gotta start taking profit early, jeeting, until you reach 4 figure range. Get in early, always sell part of your bag and learn how to identify good projects. Once you find one project that you know you can get stuck with, just hold, and you'll be good. I'm my case it was a socialfi token of a reddit copy called plebbit, and I'm autistic enough to believe I'll get to 8 figures with that. 2 years and a half holding the same token and counting.

>>57900786
>mfers have 6 7 figures on their portfolios how tf does this happen in the first place?
I am 32. Worked all my life. I am good at saving and investing.
That it. I am not smart, I didn't have any high income job. Just worked, invested. My salary's been 40k most of my working life and it was only 70k last year before I got fired (no-fault firing, got good severance). If I play my cards right, i'll be a millionare by the end of ths year.

>>57901525
I literally did it with 200, but it takes time.

>>57900786
are you retarded? wtf do you think? you must be 20 years old ? people been buying bitcoin since 2011, you realize that right? wtf happened to this board jesus
where my biznigs at?

>>57900786

decided I would get rich or kms. Went all in on margin and maxed out multiple credit cards to buy NVDA and bitcoin in January 2023. Made over 2M so far

>>57900786
Throw 500-1000eur at a good shitcoin and wait for x1000+.
SHIB I think multiplied every 1eur with x56000.

>>57900860
you'll be "layed" off because your english is as good as a pajeet, not because of AI

>>57902067
>Until 4 figure range
Or just get a job and save that headache.

>>57900786
Not by trading, that's for fucking sure.

>>57900786
>2013: mined dogecoin, learned to use bitcointalk, /biz/ was evenutally created after /g/ got full of crypto talk
>2014: sold everything for 4k usd
>2017: lived in my moms basement in pure hell. saved up 3k usd and bought ethereum at 15 usd
>2018: this eth was now worth 170k. i held too long and sold half for 20k. kept the other 20k in eth.
>2020: remembered i had bought some "virtual land" in decentraland. immediately sold it for 10k, could have gotten way more probably. scuffed portfolio eventually hit 100k. sold 30k to renovate house. kept the rest with a plan to buy more for next bullrun.
>2022: spent every paycheck from november to feb 2023 buying eth, icp, rlc and link
>2024: its currently worth 230k. reducing risk by gradually selling altcoins into eth, will set stop loss and let it float to wherever it goes, or cash out whenever the stop loss is triggered. if i get it to 400k i can afford a really cool site to build a house on

>>57902393
Dumbass, you'd be at 7 figs now if you just DCAd into bitcoin the whole time instead of buying shitcoins.

I first entered six figure hell in 2017.
I am now still in the lower half of six figure hell despite spending nothing and constantly saving 50% of my paycheck. It’s called hell for good reason. I MUST take profits this cycle, I’m fucking old and tired (almost fucking 30)

>>57902642
>old and tired (almost fucking 30)
>30
You aren't in true hell until you're past 30 and still here because you haven't made it. I've given up on shit like dating because I can't take being a wageslave anymore, not even the promise of pussy is enough for me to want to stay.

>>57901851
was that your last and only 800$? or like other westoids doing challenges you can piss away 800$ like it's $1? Think about it .If I take all your money and allow you to keep 800$,will you be able to turn that into 100k, risking to lose it all and maybe starve for a few months? Or not.

Hatewatched crypto since 2017 as I was unable to purchase goy upgrades during mining mania. Had the sense to not buy the top in 2021 and sat in $15k until entering the market in fall 2022. Bought BTC and shit L1'S like Algo.
My comfy corp job became absolute hell after management change so changed my goals of paying off my mortgage and having some extra spending cash into making this run and retiring. Lived frugal and put all my extra cash into undervalued promising tokens like Fet and Trias and realized /biz/ has alpha amongst the shit. Caught AVI this summer when it was first posted and identified it as the make-it coin and went in big. Kept a gambling shitcoins fund and bought some uff with potential when I managed to catch them early enough. Important to go in with at least $500 early on a shitcoins and cash out after 10x and rotate. Currently sitting at $250k and hoping for 5m this cycle.

>>57902110
see >>57902692

>>57900802
I spent only 4figures but that was in 2017/18

>>57902642
>I’m fucking old and tired (almost fucking 30)

LOL! Just wait until your body starts falling apart when youre 34.

>>57900925
>northern european ancestry
picrel shows animal cruelty

>>57902393
Damn. You've known about/been putting money into crypto for over a decade and only have $230 grand? You could buy a whole BTC for under a hundred bucks back then.

>>57900847
the only good advice on this board

>>57902688
>>57902728
I’m 29 and 34 seems like it’s the day after tomorrow. Time flies by like fucking crazy for me. Also I started balding in my early 20s so I guess I do age like fucking lightning. The chances of me making it to low 7 figs at least before I’m 30 are non existent. Maybe we thrive towards our 40s kings? Life is fucking rough

>>57900805
>400k
>has 600k despite buying KAS
How does it feel buying the top?

I made it to 90k during the previous bullrun. Lost half of it on celsius. Haven't given up yet.

Because we've been priced out

>>57901257

Based as fuck, especially since you invested early in KAS. Makes me pretty bullish that you also think AVI could do something special

>>57902693

Damn another based crypto veteran that also bought AVI.

I'm beginning to see a pattern...

>>57901659
Are you me? Been here since 2017 and have ~2MM. Played it way too safe and got complacent. Would be fine if I didn't live in a HCOL area. Thinking I should have been able to pull 8 or 9 figures comes from min/max attitude from video games. Can't realistically expect to carry that over to crypto, but the mentality is hard to ignore.

>>57900786
>actual millionaires on this board?
They are here to mock us.

>>57900802
This is why I'm waiting for Supra TGE. wagmi.

>>57902693
>Caught AVI this summer when it was first posted and identified it as the make-it coin and went in big

What was your process of identifying?

>>57900824
Lose the mentality of going all in on something. You'll be pissed when you miss a one day 100% pump but you wouldn't have predicted that anyway. Crypto are infinitely divisible just divide your stack accordingly. Also if you're really poor you should be spending most your money on microcaps even though they're more risky. High caps are pumping right now but know when to switch and you'll make it easily.

>>57901659
>>57903367
kek same 2m boat, finally decided link is the backup stack, have gone full meme retard and feel like I might make it

>>57904907
have linu lucky avi kenis circle and some other projects, something pumps everyday, link a stablecoin

>>57904929
not sure why my id changed

It’s all paper ports, bro. No one here is actually rich. Only thing you’ll get here is people screaming HODL because they think their dog coin will get them somewhere when in reality you’re supposed to pull out some when you get them gains.

>>57900786
kys 1st

>>57902788
>Trapped rate
>Animal cruelty

>>57904948
Wait, you're supposed to sell? Wtf every time I check out a telegram they tell me I'm early and need to hold and every sell is just panic have been told a lie?

>>57900786
>how tf does this happen
By lurking for years, lurk moar

>>57900786
Be greatful you don't know this hell anon

This is now a /k thread

>>57904880
>microcaps
Any you recommend?

>>57904988
Don't want to be reborn as a dalit

>>57900786
I doubt it happens by following the wisdom of /biz/.
Everything I did is regularly mocked by the galactic brains on this board.
> made my first couple millions by being a good little tech wagie for two decades.
> bought bitcoin and held it.
> watched price crash hard several times over the years, didn't care.
> never bothered trading, never jumped into any of the many many shitcoins that make up /biz/'s core identity.

Of course, /biz/tards will either dismiss this as a wildly improbable LARP, or as no longer applicable to the current situation, because AI destroyed tech, Bitcoin is dying and holding for the long term is what out of touch foggies do.

And so they get what they deserve.

t. 8 fig fag

>>57900786
most of them are business owners or trust fund babies with lots of extra money to play around with and they get lucky with some shitcoin investments.

>>57900786
> how tf does this happen in the first place?
buy low
sell only when need to
sell 5% weekly after 5 10 15x

>>57900786
you work and find an edge
retard

had 3 mill at the top of the bullrun starting from 80k.
Didnt sell because i didnt want to pay 1.5 million in tax
held down to like 300k cos im a stubborn idiot.
gonna grind and hit 10 mill and i will be free

>>57900786
having 6-7 figures is as simple as inheriting 8 figures

>>57900824
I put 5 k in doge in December and finally I'm in profit and I think this coin it will be more famous for normie in the next bullrun

>>57900786
Just stop being a chud

i still dont know where to get the news to be fast enough to put money into something good bros

>>57905759
newfag here, what's the name of this portfolio?

>>57906706
It's not that complicated.

>>57906853
how

>>57906798
thats the common portfolio tracker app that people use, i forget its name but there isn't a real balance on there, its just some zoomer larping so that someone who can afford to live indoors will feel worse than him for a moment

>>57906932
i see it's one of those folio where you put at what time you bought what
i see a lot of people using it and i've been using the one from CMC

i lucked out on adsense earnings and made 400k and got demonetized
now im gambling it

the key is making money doing something, hopefully not wagecucking, and gamble it

>>57900786
I bought BTC in 2013 and except for the downpayment on my house I never sold.
I did one big swing trade in 2017/2018 when I sold at 18k and rebought at 4k, setting aside 200k profit to put into stock etfs. Other than that, no swings, no shitcoins, no nothing that can evaporate your net worth or rug you.

That's how you become rich. Time + don't fuck it up

>>57900786
good entries matter.

>>57906932
Yeah I can confirm I was larping. I have $34 in my checking account and live with my parents.

>>57900786
you have to keep a long term trajectory in mind, but you also need to buy things of relative low mc. I think the next bear is going to be brutal if we see a massive wave of retail enter this cycle. that will be the time to buy up blue chips. those who take advantage of the sheer bloodshed will become kings.

>>57900786
Are you retarded? The question is how you could not have at least 6 figures by now. ETH was $10 in 2017.
Literally everyone who even has a little believe in crypto is loaded AF.

>>57900860
Yeah and the Indians were gonna take our jobs 25 years ago too.

Doomers are ALWAYS wrong

>>57901208
Among middle class people yes.

Among wealthy people,
7 fig is destitute
8 fig is little league
9 fig mid
10 fig big league

>>57901525
kek 3k a month is like 55k a year salary post tax

>>57900786
In real life, you must be smart to make it.
On the Internet, you must be a bit retarded or extravagant to make it.
In crypto, you must be absolute degen to make it.

>>57901466
If Shib can go to 20 billion, XMR is incredibly undervalued and something with utility easily can.>>57901511

>>57901803
Grayscales information is public on their website. Look up what a share of LTCN represents in LTC terms. Since there is a premium, they have to buy Litecoins to lower cost/share

>>57900808
get early into things. there is always a narrative, tulips, oil, war, computers, smartphones, crypto. right now you need to be an idiot to miss the current narrative.
>again, get early into things that fit into the narrative like monsterfomo.com and just ride the wave for profitmaxxing.

btw, if you come from reddit let me spell it for you: A I

>>57900786
just work at your mom or dad's company and use your inheritance to invest. its that simple

>>57905296
>Bitcoin is dying
What's gonna replace it

>>57905468
>Didnt sell because i didnt want to pay 1.5 million in tax
nig where do you live isn't it 500k after no tax in us?

>>57908329
How do I invest in ai?

>>57909654
It's not, it's just a popular meme among shitcoin promoters.
> Bitcoin won't make you money anymore. All in on $FARTINYOURMOUTH, it's literally the next Bitcoin.
(this is not to be construed as an endorsement of $FARTINYOURMOUTH, which may or may not exist but, on balance, probably does.)

>>57907294
>i lucked out on adsense earnings and made 400k
were you dropshipping?

>>57909712
>$FARTINYOURMOUTH
would buy

>>57906706
Same anon, i guess you have to check here every week or smt and maneuver through jeetpreetscamcoins

buy this stupid gay ass mstr token so i can leave

>>57900786
Playing it smart and safe anon, gems like ocean, fun and kas create true mills

>>57900786
Time in the market faggot.

>2000 dot com bust
>2008 recession
>2010 low house prices
>2021 crypto bullrun
>2024 AI and crypto bullrun
>2024 2 million for a fucking 3 bed detached

If you graduated uni at 2013 up to 2024 and you just started investing - LMAO!

If you managed to grow $100k by age 30 and stick to your strategy, congrats, you will retire way before you hit 50.

If you are a degen crypto leveraging addict lmao, you deserve to be homeless.

>>57910642
>AI
How do you invest in this shit?

>>57910675
NVDA

>>57903362
i am currently all in on avi
>t. >>57901765

>>57900786
You have a chance of being a millionaire by accumulating Qanx, dumbfag

Just buy
Buy some every paycheck for like 5 years and you will be a millionaire without even having to pick high risk plays
Do your time

>>57905296
>Everything I did is regularly mocked by the galactic brains on this board.
this is the most important sentence itt

8 figga nigga here
Just buy crypto and wait
There is literally nothing else to it
If you're not a millionaire right now you're a fucking idiot

>>57910848
This. 7 figure was hell.

>>57909824
This, how the fuck was I supposed to know that fucking PEPE would be legit?

I lost all my savings trading high lev crypto. I'm open to now buying stocks/crypto when the time's right. Any genuine help would be appreciated.

>>57911180
set a recurring buy order for VOO and BTC each week. an amount you wont care is gone from your paycheck. You will thank yourself later.
No need to try and time the market and pick the perfect stock/crypto.

>>57900786
It's easy to have a million dollars on paper if you just have patience and a little bit of common sense when investing. It's when you have to cash it in that the government swoops in takes most of it and then punishes you for making them wait for their "share". I guess what I'm saying is, portfolios with seven figures don't equate to a seven-figure lifestyle. They don't even equate to a six-figure lifestyle unless you're taking profit with no concerns for future growth.

>>57902392
>most of my gains have been buy large purchases with a long-term hold (at least 6 months)
>>57903367
>also been here since 2017 with a similar sized portfolio now. people that have 6-7 figures often have been through more than 1 cycle and had plenty of wins as well as losses. this experience makes it easier to not fumble the bag in the future.
>>57905296
i believe you anon. I waged until I was 29 before I could "invest" full-time. A lot of folks here me thinks make $50k and try to do it full-time and wreck themselves

the emotions of it all are complex too. sometimes it does make sense to sell immediately, sometimes it can be a huge fail. often doing nothing (aka not panic selling) and staying in the game make it worth it.

>>57900786
i bought some fucking hex at the all time low LOL

>>57900786
Same as this anon >>57902716
3k USD in 2016, went up to 120k peak but only cashed out ~30k after the crash (profit is still profit though so canr complain)
Then built positions again in 2018 and went up to 650k in the 20/21 run, then rebought ETH at 1.1k and am sitting at ~2m now (After profit taken along the way up).
Paid full cash for a home so I don't have to worry about debt nor housing nor working ever again

>>57900824
Buy arbidoge instead. It just did a x5 and is still like 1% the market cap of doge

IRS is pathetic

>>57900786
8 figures.

1. Ran a sarms company
2. Put the money in bitcoin around 2012
3. Used that to pay for everything
4. Put some money in ICON the 3D house printing companies seed and series A rounds, now a unicorn

Call it pure dumb luck

if it makes you feel any better, this is all of my crypto and it's currently all tied up in the jew SBF's cryptocurrency fraud because of the winklevoss twins and their shitty earn program:

Is 1btc too late at this point?

>>57911855
>start to dca btc/eth in early 2017
>peak at $4k in december 2017
>sell $2k in january 2018
>bottom out at $600 in january 2019
>continue to dca through bear
>portfolio peaks at $60-70k in 2021
>slowly go all in on vc alt
>continue to dca into vc alt during bear
>portfolio bottoms out at $6k in late 2022
>get airdrop in 2023, value skyrockets to $150k, trade for btc/eth, now worth ~$200k
>vc alt bag now worth ~$60-65k
>total folio $255-265k
>total net worth $400k, the rest in real estate, stocks, cash
>had another $1.3m in private equity contracts i got screwed out of, working on rebuilding that loss through another business

I've become convinced there's more money in actually building ventures than trading though.

>>57910693
based truth but why AVI not KNS?

>>57912278

Its not too late. Its only late once it goes beyond 200k and beyond.

>>57900786
>earn money
>live below your means
>save lots of money
>invest the money

>>57912424
There's a lot of money out there for the taking