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/biz/ - Business & Finance

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2254815 No.2254815 [Reply] [Original]

I make $4000 a day ($1.4 million yearly) sitting in front of my computer buying and selling imaginary money. Ask me anything.

>> No.2254822

how ?

>> No.2254831

>>2254815
Why?

>> No.2254832

last thing you bought/sold?

>> No.2254833

>>2254822
my guess is he doesn't

>> No.2254834

>>2254815
... I dont believe you
1MXLPLqMAZKr4jqK3F1LowpSxBRKu8TMDY

>> No.2254836

>>2254822
STRAT yesterday, DGB today, XEM tomorrow

>> No.2254837

How much STRAT and XEM do you own?

>> No.2254842

Cool it's another Larping thread

>> No.2254844

do you tell your friends or family about your gains?

I made over a quarter mill this year and still work at a family business, and my uncle is a douche bag to me thinking I'm a poorfag.
I'm tempted to tell him and watch his head explode.
He's terrible with investments, acts like he's rich while bugging my uncles/dad for more money because he's in over his head in house payments, country club, and circles he runs with.

I want to put him in his place

>> No.2254861
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2254861

>>2254844
>my uncle

>> No.2254865

>>2254844
Just 4 months more, and show him the gorillion

>> No.2254867

>>2254844

not him, but I averaged 1000 a day this month. I've told two people - a supervisor and a good friend. the good friend also does crypto shit, and my supervisor at work because it was pertinent to the discussion at hand.

>> No.2254870

>>2254844
It's not worth the anonymous tip to the IRS he might put in or whatever else once he knows that. You should work to change your situation and get a different job if he is actually abusive to you but it's not smart to tell people unless you need to. Just my opinion

>> No.2254876

>>2254870
thanks anon that's a great answer

>> No.2254881

>>2254836
I should buy what today?

>> No.2254884

>>2254844
>He's terrible with investments, acts like he's rich while bugging my uncles/dad for more money because he's in over his head in house payments, country club, and circles he runs with
Don't tell him until after you're out of there, otherwise he's going to start hassling the shit out of you for a loan.

>> No.2254885

>>2254844
>country club
that is so 90s. the fuck is wrong with him.

rich people dont do that anymore

>> No.2254895

>>2254844
dont tell him if hes terrible with investments. family expect money from each other

>> No.2254901

Few questions: How much money do you put into a trade on average? How long are your trades usually open? Do you use leverage? If you're losing on a trade do you cut your losses or tend to hold?

>> No.2254922
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2254922

i tried to day trade once.

i panic bought and lost 1.5 ethereum

>> No.2254926

>>2254844
If you tell him he is only going to treat you worse, if anything he will ask for money and maybe even stop paying you or fire you.

Once you disclose you have over 100k, everyone will either be with you or against you. Remember many normies can barely save 10 grand on their savings account.

>> No.2254961

>>2254867
What was your initial investment?

>> No.2254967

>>2254926
I get that vibe, I did tell one friend and we are tight.
He has taken me on trips to his lakehouse when I was an addict at my worst. To baseball games when I couldn't afford shit.

Last night I bought 2 front row stanley cup tickets and took him. My life is turning around around and things are changing I just want to keep everything straight.

>> No.2254981

Where do you even start?

>> No.2254982
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2254982

>>2254815

Best tip for consistently good trades?

>> No.2255004

Bro, don't tell him shit until you are ready to take a shit on his desk and walk out forever

>> No.2255007

>>2254982
research and hodl
I held bitcoin for a long time, and bought into LTC when segwit was being put through, sold most of it back to bitcoin after that.

>> No.2255015

>>2255004
haha sounds good to me

>> No.2255018
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2255018

>tfw I graduated college last year

>took a year off to study for mcat and work on resume for medical school

>decided to go into crypto using my scribe money, while I watch my friends burn cash at Coachella, Raves, Clubbing

>Managed to catch Eth @ 16, Strat @ .55, IOC @ .35, GNT @ ICO, and RLC @ .25

>I'm at a pace to able to pay for medical school.

>Friends now messaging me for advice, decide to charge them for my time to give advice (that can be found at /biz/ or other shit)

>I feel like a jew, but it gives me an excuse to stop scribing and soley focus on the MCAT while I still make money.

>Me rite now

>> No.2255019

So what's your crypto advice cryptorich anon... help us escape our chains insha Kek

>> No.2255024

>>2255007
>>2255015

And your next growth allocations? If you did well consistently you must have developed a decent intuition.

>> No.2255107

>>2254836
Why XEM? I always thought it was interesting but its charts don't look so good

>> No.2255119

Bought XEM based on your post. Carry me to riches whale.

>> No.2255142

>>2254844
sounds fun, but i imagine it would just bite you in the ass hard later

just let him continue being a douche, and go live a good life

>> No.2255145

What exchange do you guys like... no shill pls

>> No.2255176

>>2254982
Don't expect consistently good trades you fucking coward.

>> No.2255244

>>2255018
lol nice dude keep it up that's great
>>2255024
I have 95% in btc 5% in ltc, but I need to research for what is next. I was content on earning through loans to margin traders with 1/3 of my funds, but sometimes I worry about bitcoin's issues.

Like I said research is the best bet, there is something out there that is going to be the best option. Just read everyday, if bitcoin comes to a consensus I think they will stay at the top, but there will always be underdogs that have something about them that will present an opportunity.

>> No.2255255
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2255255

>>2254967

>> No.2255273

>>2255244

What's the case for LTC? I'm 95% in BTC and 5% in ETH.

>> No.2255289

>>2255145
bleutrade, also buy mooncoin™

>> No.2255322
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2255322

>>2255289

>> No.2255339
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2255339

>>2254822
>how ?

>> No.2255356

>>2254844
hide your powerlevel anon

>> No.2255408

>crypto
>money
pick one

>> No.2255423

>>2254815
PROVE IT FAGGOT

>> No.2255431

>>2255408
>nocoiners
When will they learn?

>> No.2255432

>>2255423
It's "PROVE IT, FAGGOT".
http://comma.guide/vocative-comma/

>> No.2255439

>>2254844
Don't tell him. Just show up at work with an expensive car one day.

>> No.2255458

>>2254967
thats mad youre a good guy

>> No.2255466

>>2255018
congrats man I'm happy for you.

>> No.2255488
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2255488

>tfw you are not autistic enough to understand any of this shit

>> No.2255496

>>2255018
cool story man i like that success. when people get big money they then to blow it on stupid things like you've mention. glad you've got a good head on your shoulders. spend it wisely

>> No.2255497

>>2254967
you are a good dude and your friend is too. I hope you guys are tight 'till the end.

>> No.2255675

>>2254815
What is your advice for a beginning?

>> No.2255682

>>2255675
XEM apparently been looking very interesting for a while so this thread locked it in for me

>> No.2255780

>>2255682
Thank you. I will look into it

>> No.2256105

>>2255019
Scripted arbitrage with amounts just enough to break even every 10 minutes. It fucking adds up. If you can find a 10% arbitrage opportunity (account for fees, and trust me, you'll find them because of all these pump and dumps) on shitcoins every 10 minutes at $20 per trade, that's $288 daily, keep it running 24x7 and you're making $2000 weekly. Be good at python, and be extremely good at managing numbers. It must be multi threaded, and you need to basically make a comparison algorithm to find arbitrage paths on one exchange.

>> No.2256116

>>2254885
country clubs are nice man, who the fuck wants to golf with the plebes and be stuck waiting behind some asshole

>> No.2256151

For those that are doing well how many bad trades did you make when you started and how often do you still make them?

>> No.2256159

>>2255488
It doesn't take autism to understand "buy low, sell high"

>> No.2256263

>>2256105
I might be a retard, but how do you arbitrage on a single exchange? Isnt arbitrage when you buy at a certain price then sell somewhere else where the price is higher than you paid for?

>> No.2256288

>>2256263
There are often more than one type of market on each exchange. For instance bittrex has both bitcoin and ethereum markets

>> No.2256347

>>2256105
So when does the IRS rape you for tax evasion?

>> No.2256376

>>2256263
You can go ETH -> BTC -> XBT -> USD -> EUR -> ETH

>> No.2256443
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2256443

>>2256376
have fun paying the irs 15% for each of those

>> No.2256450

>>2256443
You're an idiot...?

It's called capital gains tax, not capital-intermediary-gains-tax-on-all profits-with-losses-not-counting

It's no different from flipping BTC-ETH

>> No.2256493

>>2256105

S-senpai, I've begun work on this before fully fleshing it out and just got a hot tip from you.

Thank you kind overlord

>> No.2256506

>>2255142
This. Not giving a fuck because your life is great is the best revenge.

>> No.2257499

>>2254967

PGH anons making money in le crypto meme? fuck yah bro

>> No.2258062

>>2255273
Different anon, but Litecoin is pretty good. I actually enjoy using it. It's transfer times are super fast, it's relatively cheap and stable, and the transfer fees are low.

I might be one of the few people on this board who actually buys things with crypto, but I get asked for payment in ETH or LTC lately. Small scale merchants are sick of BTC's fucked up transfer times and are starting to move to better mediums. There's a post about some store that will only take litecoin now rather than bitcoin, it was posted here yesterday but I forget what merchant. LTC also hired a full time dev so that's cool too.

On the cons, people see it as a shitcoin that's only useful as a testbed for concepts4bitcoin. They think it'll be dumped as soon as segwit activates with BTC. Not to mention nobody seems to like Charlie. And I keep reading that it's centralized although that seems like an exaggeration to me.

In the end, make up your own mind, but if you actually use LTC/BTC/ETH as intended, LTC is better in every way - it's kind of fun to see how fast it drops to your account. From a speculation angle, I don't know, but I get the feeling that utility is a huge factor for adoption. I'd be a hodler/buyer at this stage.

>> No.2258111

>>2254844
>do you tell your friends or family about your gains?

hell no. Sometimes i'll mention crypto to people close to me but i wont get into specifics.

>> No.2258120

Why don't you just put your millions into a high interest savings account and let the compounding interest do the work for you?

You can make $4000 without even needing to sit in front of the computer.

nigger.

>> No.2258278
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2258278

>>2258120
High interest... wtf is he going to do with 1% interest/yr? That's like 20-40k / yr assuming 2-4 million. He would need 160 million before he can make 4k/day in a savings account. Terrible advice anon.

>> No.2258365

>Tfw $40k in capital but no idea what to do
It hurts.

>> No.2258839

>>2254836
VOX tomorrow

>> No.2258870

>>2254982
Sell green hold red. Don't let the namecallings such as "bagholder" and "weak hands" bother you

>> No.2258913

>>2256159
Wow I did that wrong the whole time

>> No.2258955

>>2258839
This. It's time!

>> No.2258978

And vtc too maybe

>> No.2258998

Are we required to report the details of every single transaction, not just inter-cryptocurrency trading? I know I have to report USD->BTC but would I have to report BTC->ETH/etc? I already have reports made on every single transaction just in case. Tax law info on it I've viewed suggests so

>> No.2259013

And xvg

>> No.2259020

HMQ perhaps

>> No.2259026

>>2254844
DO NOT TELL HIM

good god dont tell anyone, ESPECIALLY people who hate you

>> No.2259046

>>2255018
>while I watch my friends burn cash at Coachella, Raves, Clubbing
That really doesn't cost a lot of money, pretty sure you're just antisocial

>> No.2259052

just because you made a few thousand over a few days doesnt mean you can extrapolate that to a year.

youre still clearly very new at this.

>> No.2259055

Did I say wings

>> No.2259072

>>2254844
Keep building your stash, only tell him when he asks how you brought a yacht.

>> No.2259136

>>2256105
How do I get started on learning how to program something like that? I know basic C/C++. I wouldn't know how to integrate it with an exchange website though.

>> No.2259143

>>2254815
>imaginary money
It's not even that. It's random numbers.

>> No.2259150
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2259150

>>2254815
Any upcoming ICO's I should be on the lookout for?

>> No.2259171

>>2254967
>addict

sry bro, you're going to lose it all.

>> No.2259279

>>2256443
>being this dense
Why do you feel the need to talk about something you actually know shit?
Is this the product of domestic violence or just your parents being siblings?

>> No.2259296

>>2255273
LTC is Bitcoin, was made with only minor improvements, 4 times as fast, 4 tomes the coins, 4 times the capacity, higher security against 51% attack, scrypt instead of sha 256.

Got blasted for being a copy cat and sunk in value from 5% to 0.3% of a btc.

Enter bitcoins stranglehold. Litecoin has more capacity and updated with segwit, will now get lightning network (instant transactions, smart contracts, atomic swaps and plenty more stuff that got developped for bitcoin but cant get implemented since no segwit.

Meanwhile merchants like "Yours" are changing to litecoin because the code is basically the same and it needs almost no work.

It will get added to Bitstamp soon, probably monday.

>> No.2259340

Oh to all Anon's that get rich.

It might be our responsability to shape this world in the future, kek wills it.

Let's not fuck it up like the Rothschilds did.

>> No.2259342

>>2259296
I just bought 5LTC today. WHat sort of gains are you expecting?

>> No.2259423

>>2259340
>It might be our responsability to shape this world in the future, kek wills it.

fuck the world.

when I was poor and ugly no one gave a fuck about me, I had to climb the top the hard way; now that i'm decently wealthy these people can go fuck themselves.

yeah i know its selfish and cunty but thats the world.

>> No.2259442

>>2259046
>coachella
>off site weekend tix cost close to $500
>not putting that in strat @ .55 and making close to 20000% returns

>> No.2259480

>>2258278

>What are Mutual Funds

fuck off.

>> No.2259496

>>2259442
it's a once a year thing you beta

>> No.2259512

>>2259342
If it finally catches a bit of momentum and hype, I can see it go to $150 max 200.

>> No.2259540

>>2259136
apis are easy

>> No.2259560

>>2254815

wanna help with a little btc get me started?

1J4xs8jpo2K5BvfEEkz8bBJC6BRXeNzsJs

I cant buy some xem on your advice

>> No.2259882

>>2254815
Ok, how about: If thats true shouldn't you have better things to do? Cheap liefag.

>> No.2259971

So I just had an interview for a job as a phone-salesman. It's only going to be a part time thing next to studying but when I was there I saw a plaque hanging on the office walls for "salesman of the month" and the guy had made over $15k in ONE month. That's not how much he sold for, that's how much he *earned* in commission. I talked to the guy afterwards and he makes over $10k basically every month. It really made me think about getting into sales full time and just say fuck the uni degree.

Have anyone else heard of people making this amount of money over phone sales? I almost don't believe it.

>> No.2260248
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2260248

>>2259423

they probably thought the exact same thing, and this is why we can't have nice things

break the cycle anon

>> No.2260379

>>2259512
fool, ltc will drop in ltc/btc

>> No.2260682

>>2254865
What happens in 4 months?

>> No.2260911

>>2259136
Most exchanges gave a JSON API, C++ is fast, so if you stick with that Id recommend https://github.com/miloyip/rapidjson

>> No.2261209

Bump for good convo

>> No.2261234

>>2254815
>>2255018
What reading material do you recommend to learn the cryptos good?

>> No.2261264

>>2254836
why XEM?

>> No.2261360

Any recommendations for where to put 1k€, wait a couple of months and cash out big?

I like my job very much and I don't want to trade it for trading, but on the other hand it would be nice to be able to aford a flat :D (15k€ lvl savings normie here)

>> No.2261378

>>2261360
buy sia

>> No.2261700

>>2256105
this is bullshit, just made a script to test arbitrade on bittrex and every currency will lose AT LEAST 10% just going from btc to eth and back again.

>> No.2261765

bamp

>> No.2261808

Step up the crypto trading game, add me on Skype: CryptoAnna

>> No.2261905

>>2254885
>rich people dont do that anymore

poor fag detected. and yes. yes they do.

>> No.2261908
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2261908

>>2254815
>Ask me anything.
I just started trading and it's going well, but also too slow because of my limited amount of money. Would you mind to share some?
1Fpi2x5FQnSVUheQqpod2RFNtdP5DpbC2k

You said "anything", desu.

>> No.2261942

>>2259971
I'm in phone sales.
I'm 24. No degree.
Depends on what you're selling. Timeshares and vacation used to be good. You could make 2-3k per week easy, but that was before my time. No more though. The leads are beat to shit and it will probably never be like that ever again. People got too greedy and started ripping people off.
Now I'm starting a solar company with a couple other people. I don't own the company but I plan to be a top closer.
Any kind of sales can be lucrative if you don't mind the potential stress of having a commission based job.
My plan is to make enough money to start my own thing and have some decent investments, then I'll get out. I can sell anything over the phone but I really don't like the work too much.
I say go for it. You can ask me any other questions you have.

>> No.2262374

>>2259046
You aren't going to make it.
Sorry.

>> No.2263076

>>2256105
Is arbitrage a technical term for this method? Im fairly decent with python, never did anythinf multithreaded though.

If im reading this right, youre saying find a decent coin with enough volume and fluctuation to get safe 10% returns? The difficulty is the logic you code to determine when to buy in tho.. do you use some sort of combo of fib retracement and historical data for the coin? Any additional tips for an anon whos been toying with the idea of a low risk day trading bot for a while?

>> No.2263343

>>2261942
When you say "solar company," are you selling equipment to generate solar energy? Or solar energy itself?

I'm not being a wiseass when I ask...how do you sell anything on the phone?

>> No.2263749

>>2259971
I'm going to tell you right now that every sales company on the planet like to dazzle you with their top earners. They want to make it seem like that $10K a month is the norm and that closing these sales will be easy while hiding the fact that for a very long time you'll be working 16 hour days either running door-to-door or cold calling every business in town. They act is if there are hot leads waiting around every corner but that only really exists for those who have established themselves; also expect a very toxic work environment where your bosses are constantly breathing down your neck for sales and will turn on you if you are seemingly stuck in a slump.

You could theoretically make a lot of money but don't be fooled by marketing tricks. Try the job for a little while and then make a decision if you want to stick with it.

>> No.2264405

>>2254961

1k

>> No.2264432

>>2259480
Why mutual funds when you can save fees and buy ETFs and just re-balance once a year.

>> No.2264915

>>2254861
Kekd

>> No.2264946
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2264946

>>2259423
Great men disrupt the old ways, anon.

>> No.2265140

Bumped for good reading/info

>> No.2265273

REEEE

how do i become a master trader?

Need to quit my job.

currently in ETH, GNT, SYS, MUSIC, ARK, and XEM

GNT has been good, like x3 my initial investment, but its been slow.

SYS is finally doing well, but its been a pain to hold as well

Everything else has been shit.

I hate myself for selling DGB at 90 sat.