/biz/ - Business & Finance

invest in coins btw

>>6729750
if you manage to make 10x each month, then in 3 months you'll make it

Buy ARK coin or other dividend paying coins and live off it.

Any advice for me? I have 100 usd in eth. I plan to put $15-20 a week. I won't ask for any alt coin advise, I'll do my own research. But should I go for some altcoin or slow/steady eth?

>>6729750
>>6730605
Get a fucking job, and THEN you might have enough to put it in crypto. What the fuck, $10? Idiots.

>>6730668
I work. How much expendable income does this require?

>>6730958
If you don't have at least 50k worth of expendable funds to work with, don't even consider this space and instead consider a promotion.

>>6730668
i'm a student and i already have a job that pays for my car/rent/food/etc. i just want to make extra money since right now times are a bit hard due to less working hours

>>6731429
Oh that won't do. No that won't do at all.

>>6731496
coworker started with 400$CAD in november and he was up 3500$CAD around a week ago. you can do it

I started with 3k, built it up to 50k

I would say you need about 10 expendable to start living from daytrading

Invest 7000 and make 10 successful day trades of 1% or more per month (very easy to do).

>>6731516
started with $600 in December, peaked at $8k last week. Down to $6k now.

>>6730958
>>6729750
you need to start with ~$50k if you want to have any hope of generating ~$700-1000 per month you can withdraw without dipping into your capital and for sustaining through dips/crashes.

This is also assuming you're not an expert trader, there's a fairly steep learning curve, even when you think you know what you're doing afte 3-6 months, there'll still be tons left to learn. When you consider yourself a fucking pro you'll only know about 20% of what there is to know.

Also don't look at crypto investments as longterm sustainable to live off for many years to come. Instead you need to think of it as a means to an end. Get in, make huge money, have a plan for that money, and get out (I'd say within ~2 years from now). There'll come a time where opportunities dry up or are more limited or restricted.

Personally my goal is to hit $1.5MM and buy a small property in a part of the world where I can live comfortably off about $15-20k/year. About 40% of the way there already

>>6731648
If I can somehow make 100k$, I'd be more than happy, though my real goal would be 500K$ so I can buy a property in a country like S.Korea and build a house there.

>>6731516

I've started with $150 in late December, now i have $230. Suppose i would have increased this by x100. 8k in profit, right?
But if i'll try to cash it out i will probably lose about half of that in various fees and taxes, right? No one will buy shitcoins for cash, so i have to buy eth or btc first. Then i have to transfer these to the sites that allow to sell for fiat. Then i have to cash out that fiat. Probably pay taxes too.
How much will be left after all the fees & shit?
Is it even worth it if you don't have at least 100k in your balance?

>>6731648
Sounds feasible. Why do you personally believe opportunities will dry in two years? I sort of understand what you mean in terms of pure day trading. However, aren't people legitimately interested in the technology that can be accomplished with crypto currency?

>>6731516
Well so far I've netted 15$ after coinbase fees, and when I get the eth delivered in 5 days.

>>6731516
That's because he started before the alt run. I'd hate to start now. Don't expect the same gains.

To trade full-time iwould say 100k isacomfy net

>>6731985
couldnt you still make some gains with VEN, TEL or ICX?

>>6729750
$700 CAD? I didn't realize Canada made a token. That's cool.