[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 97 KB, 850x565, 1583728122988.jpg [View same] [iqdb] [saucenao] [google]
22023531 No.22023531 [Reply] [Original]

At what level of wealth does the shitcoin hustle stop making sense? Eventually your net worth is so large you can't enter and exit shitcoins gracefully, and you only need a 10x instead of a 1000x to make it so there's no reason to get super risky with random curry tokens on uniswap anymore.

So at what point do you hang up your hat, park your gains in BTC ETH and XMR (or whatever bluechips you're comfortable with), and ride the rest of the bull out passively? $500k? $1MM?

There is also the matter of stress relief, if you keep gambling on microcap garbage for long enough your hair is going to turn gray and your heart is going to explode. When do you quit?

>> No.22023768

Why would you stop? Keep entering shitcoins with the same initial and split the profits between cash/btc then move on to the next.

>> No.22023799

>>22023768
this. I’ll invest in midcaps when I hit $10k. i’m sticking with moonshots until then. already up 5x from $1000 only a couple of weeks ago.

>> No.22023811

done with scammy shitcoins, II constantly see wash trading on exchanges its just too much

>> No.22024641

>>22023799
>>22023768
Would you still keep hunting for microcaps to throw 0.5 ETH at when you hit $1MM net worth? Is it really worth the hair loss at that point?

>> No.22025064

>>22024641
the ride never ends STAY POOR RETARD
BACK TO REDD/T

t.2011 guy

>> No.22025832

that's actually a pretty good question, I honestly just put 5-10ETH on each shit coin at most, as if shit hits the fan they are mostly too illiquid to get out