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/biz/ - Business & Finance

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26042821 No.26042821 [Reply] [Original]

I'm a Millionaire now

>> No.26042878
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26042878

REEEEEEE

>> No.26043139
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26043139

>>26042821
congrats anon

>> No.26043201

>>26042821
how long did it take you and with how much did you start?

>> No.26043437

>>26043201
I started with 8000€ in 2016
>>26043139
thank you fren

>> No.26043468

>>26043437
Stop it. You're depressing me. At best I'll be a millionaire eoy. At BEST.

>> No.26043542

Congrats fren. Hoping to hit that milestone in a few months. We're all gonna make it

>> No.26043561

>>26042821
you deserve it!

>> No.26043603

>mfw inherited 40k in 2018 and could have YOLO into Link and made it
Wasn’t even on 4chan at the time because I finally got a goddamn gf so I totally forgot about gains. It’s true lads. Women steal your money.

>> No.26043658

>>26043437
fuck...would 1k still make it?

>> No.26043714

>>26043658
>would 1k still make it?
it'll take a while but look at ARPA, ALGO, and ADA

>> No.26043732

>>26043658
no

>> No.26043801

>>26042821
Congrat's, anon! The first million is the toughest. I hit 1M in June of 2017 and 2M in July 2017. Welcome to seven figure purgatory!

>> No.26043819

>>26043714
will check it out

>> No.26043822
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26043822

Nicely done.

>> No.26043839

>>26042821
>and I feel nothing

>> No.26043848

>>26042821
Now your greatest challenge awaits.
>The road to 8 figures

>> No.26043896

>>26043801
why is it called the purgatory? going x2 or x3 one more time and youre set for life

>> No.26043915

>>26042821
OP has a big penis

>> No.26044064

>>26043896
>going x2 or x3 one more time and youre set for life
You'd think so, but to be safe you really need to 10x from 1 million. Interest rates suck, so it's hard to earn a high six figure income from 2-3 million if you still want to have significant exposure to crypto and not risk losing your capital. I had 5M at the beginning of 2018 and it dropped to under 2 during crypto winter.

>> No.26044084

>>26043896
It's never enough. I think you need 7-9 million in gains to completely make it, because then you pay taxes up the ass to get to 5 million net. You get 1-3 million and then you realize you can't buy the best house and car you want without obsessing over maintenance

>> No.26044145

>>26043468
I made many mistakes along the way but I still made it
>>26043542
>>26043561
>>26043801
>>26043822
thanks frens
>>26043915
I do actually
>>26043848
thats going to be a long grind but I'm up for it
>>26043839
no I feel incredibly motivated
its a wonderful feeling
>>26043658
sure we are early and you could do it in under 5 years if you put the work and time into it and dont give up

>> No.26044379

>>26044064
5 to 2, how did that happen?

>> No.26044453

>>26044379
>5 to 2, how did that happen?
HODLing. 5 was at the peak, three years ago today. I retired and cashed out enough to last me until the next bull run. Hodled the rest.

>> No.26044493

>>26043139
we must stan this absolute queen. even if it is thru the bars of our fema camp cells. she slays

>> No.26044492

>>26044084
I could say muh first world problems but its actually a fair point, but lets say if you made it (10 mil), do you just cash out every day because i see most apps have limits and stuff.

>> No.26044542

>>26044453
So no swingtrades in between?

>> No.26044656

>>26044492
When you have that much, the limits can be worked around. I don't plan to cash out all of my crypto at that point. I'll leave 30% in the top 2 or 3 coins to help stay ahead of inflation and also hopefully keep growing my net worth.

>> No.26044829

>>26044145
What did your 'work' consist of, just looking at graphs all day and changing markets every so often or just buying 1000 of every promising new coin?

>> No.26044918

>>26044492
Oh, and congrats btw, just started with 250$ myself and I don't expect to make it to anywhere but still interested

>> No.26044946

>>26044656
show portfolio :^)?

>> No.26045017

>>26044918
ah nah mate im starting also, 1k, i couldve put more into it but ye covid...it do be like that

>> No.26045259

>>26044145
Congrats Fren. Time to live it

>> No.26045652

>>26044946
>show portfolio
It's split between direct holdings and an IRA with GBTC and ETHE, so one Blockfolio screenshot won't do it. My holdings are 2.5M BTC/ETH/DOT/ADA mostly in cold storage and 1.8M in GBTC/ETHE and cash.

>> No.26046368

>>26045652
damn, a literal gta amount of money

>> No.26046398

>>26042821
you made it. now gibs that money to single black mothers.

>> No.26046506

>>26046368
>$4.3M
>gta money
It's make it money, but you'll run out of it if you make ridiculous purchases.

>> No.26046513

>>26042821
what will you do with it?

>> No.26046537

I've only just started this month with 20k, I'm now up to 30k, it's going to be such a long grind for me but once I get that first million, I will quit my job, stake half of that million to give me yearly income. And live a poor life in some tropical island. U inspire me anon, I hope in 4 years I am in the same situation as u

>> No.26046579

>>26042878
I fomo'd in at the top thanks to you asshole. This shit better recover

>> No.26046582

>>26046368
>literal gta amount of money
Kek. Ironically, I don't have that much in GTA. Bought a shark card the other day and spent it all on an OPMK2 and other nonsense. I try to be more conservative about my spending IRL (plus no IRL jet bikes yet).

>> No.26046774

How much do you guys think cryptos will be around (and thriving) for?
Do you think a newcomer now can still make it to a million?

>> No.26046807

>>26046506
If i was a person that buys overhyped stuff i wouldn't be here, making it for me would be to actually live on my own before balding age, thats like impossible nowadays.

>> No.26046917

>>26046579
nah bruh the price is gonna hit negative in a moment gg ez

>> No.26046931

>>26046774
>Do you think a newcomer now can still make it to a million?
Crypto isn't going away, but the rapid growth phase won't last forever. It depends on how much you have to invest and how much risk you're willing to take on.
If you can invest 30-40k now (basically 1 BTC), then yes, you can have a pretty safe ride to a million in the next 3-5 years. If you have less, then you'll need to find something cheaper that has potential (aka shit-coins) and get a little bit lucky. What you don't want to do is to trade a lot. That cuts your percentages down drastically. Don't buy anything you're not willing to mostly (80%+) hold for 2-3 years.

>> No.26046950

>>26043603
You’re that new to 4chan? What the bell sites were you even using before

>> No.26046971

I only have 150k

>> No.26046979

>>26044493
kill yourself and stop posting

>> No.26046991

>>26043201
Started with 10 million of daddy’s money

>> No.26047010
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26047010

>>26044493

>> No.26047060

>>26046398
no
>>26046513
continue growing it

>> No.26047109

>>26046931
I'm starting now really small (500€) but I want to risk it a lot. So you're saying I should hold shitcoins for 2-3 years? I doubt buying 500€ worth of shitcoins would net me enough to get good gains

>> No.26047145

>>26046582
oh dude shark cards are so shit, every dlc gets more expensive, so gta has that venezuela type inflation, but shark cards stay the same since the game came out, just buy businesses and stuff, i had the world record on the casino heist once, i used macros but hey money

>> No.26047252

>>26046368
its only about $100,000 per year if you follow the 3% rule

>> No.26047293

>>26047109
Yeah, with that amount you would really need to get really lucky both with choice and timing. Probably several times in a row. It's probably a better strategy for you to earn income and dollar cost average into a few solid coins and a few speculative coins over time. You'll help your chances if you are willing to do extensive research before you buy.
I waited a couple of years after I bought my first Bitcoin (2013) before I really invested serious money into it, and I spent most of that time reading books about crypto and watching videos on YouTube. So when ETH was released in 2015, I was able to buy into it with confidence to hold it for a long time because I understood the technology and the competitive landscape.

>> No.26047325
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26047325

>>26042821
now spend it on me :) if ure a stinker for sure

>> No.26047351

>>26046368
Not as much as you’d think bro. $10M after taxes and up is where you really don’t have to worry about money anymore.

>> No.26047369

>>26043714
I just sold algo at 2x what I bought at for 2 weeks ago. Will probably buy again if dips. Pretty comfy hold.

>> No.26047400

>>26047325
That is a man, I hate to say it but I recognize man asses and that ass most definitely belongs to a man

>> No.26047407

>>26047145
>oh dude shark cards are so shit
I know they are. I hadn't played in about three years though and I was too impatient to grind bunker missions. I gave it to myself as a Christmas present. I felt sleazy doing it, but I was bored.
Before I quit playing 3 years ago, I got the 10 million payout from the no-deaths 4 heists in a row thing. Don't even remember what I spent that money on. Probably the Buzzard.

>> No.26047436

>>26047293
I'm still a university student with no job, otherwise i would start DCAing a lot
I'll definitely do my own research and learn more about this world
Thank you man, hope I can find the right coins

>> No.26047447

>>26047109
Just invest more with time, do research and choose the right coins to hold.

>> No.26047518

>>26047436
Good luck to you, anon. Don't take anything /biz/ says seriously. For every ChainLink they shill, there are a hundred pump and dumps. The best way to gain an edge is to do your own research.

>> No.26047540

>>26047252
Depends on your lifestyle, most ppl would be fine with that.

>> No.26047598

>>26047400
suck my male benis then

>> No.26047670

>>26043801
How’s you do it? All in crypto? I got $15k of play money. Always had money going into retirement funds with someone else managing (and he’s done well), but I want something to screw around with and try to make it big. First investment was on 12/31. Up around 75%. Would be higher but I listened to some bad advice on mining stocks. Luckily timed crypto right. I’ve got about 5k in crypto now, 10k traveling from wallet to bank account (going to move into stock portfolio) and $10k in stocks. Just picked about 15 companies that I liked and had a decent trend. Did some technical analysis and am just timing out buying dips and setting a stop loss once I’m above 10% gains. Seem to make at least a few hundred every day with that strategy.

>> No.26047809
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26047809

>>26047407
guess its cayo perico time huh?

>> No.26047908

>>26047670
can i get a powerpoint with that?

>> No.26047928

>>26047809
>guess its cayo perico time huh?
I still haven't done the casino heist, and I need to grind a bit to get enough for an arcade. But at least I can grind on a jet bike now!

>> No.26048019

>>26047325
no, stop begging and get a real job.

>> No.26048055

>>26047436
ye i know how that feels, save whatever money you get from student jobs and pile it up

>> No.26048081

>>26047670
>How’s you do it? All in crypto?
My timing was good. I bought my first Bitcoin in 2013 and a few more in 2014 and 2015. When Ethereum launched I waited for a few months and then FOMO'd into it with about $40k at $8.00 and then didn't look at it for over a year. My biggest gains have been from buy and hold, but obviously that works best when you get in early.

>> No.26048230
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26048230

>>26047928
ah ye you thought the arcade was expensive? submarine is 9 million lets gooooooo

>> No.26048278

>>26042878
>investing in a project with "cliff" in the title
ngmi

>> No.26048288

>>26047670
And this may sound like a shill, but I think it's sound advice. This past September, I put about $100k into Polkadot because I think it has a good chance of eating into ETH's market cap significantly. I still think that's the case, and it has only 3x'd from where I bought it.
I'm using it to hedge a much larger position in ETH, but if I were entering the market today, DOT and ADA would be where I would focus. ETH has tremendous momentum, but it is also bandwidth constrained and improving that is taking a long time. In theory, DOT, ADA, and a few other smaller cap coins like AVAX have an opportunity to use their bandwidth advantages to build up an ecosystem like ETH's.

>> No.26048318

>>26048230
>submarine is 9 million lets gooooooo
Damn. I see a lot of cargo griefers in my future.

>> No.26048368

>>26048288
screencapped this, thx

>> No.26048441

>>26042821

Polkadot brought me here too anon, welcome

>> No.26048487

>>26043658
Yes, if you swing trade for like 4 years. You could turn that into 1 million

>> No.26048490

>>26048288
Glad to hear my DOT and ADA picks backed up (under 20k portfolio, got in at the end of November). I'm spending just as much on SUSHI though, aiming at $20 EOY with big staking rewards.

>> No.26048554

>>26048318
i mean 2k is alot of money lets be fair here, obviously a better investment than you ever did irl

>> No.26048624

>>26042821
but you cant cash out because you'll be in jail on money laundering, right ?

>> No.26048643

>>26048487
speaking from experience?

>> No.26048695

>>26048624
yes

>> No.26048843

>>26042821
I'm not a millionaire and I have no investments at all.

>> No.26049070
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26049070

I have 12k dollars. 20 Years old and a neet currently. Seems like all these cryptobiz is really becoming popular and I wonder if I might just fear missing out or there's actually something good that's gonna come out of all these. People say that I should do "research" and I wonder what exactly you all mean by that? Not asking for a step by step just generally speaking.

>> No.26049386

>>26049070
How do you have 12k while being a neet yu fkin weeb?

>> No.26049405

>>26049386
I worked for a year in a tire factory.

>> No.26049706

>>26049405
ah aight, just browse around and see what ppl are talking about, what coins to hold etc, and dont panic sell i a coin has a bad day

>> No.26049971

>>26047325
Take off your socks woman

>> No.26049981

>>26042878
>investing on a basketball team stock

>> No.26049983

>>26042821
Good job anon! :)