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/biz/ - Business & Finance

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29224978 No.29224978 [Reply] [Original]

How does one determine this?

>> No.29225197

>>29224978
Making it is relative - it depends on your goals and to an extent what the price of living is where you are. In a lot of places 6 figures used wisely can set you up for life.

>> No.29225578

>>29225197
100k USD in any country that is not a developing nation will not set you up for life.

500k USD upwards is where you can escape wageslavery forever if you invest it wisely and live very frugally in a place where accommodation is cheap.

5m+ is where you can support a small family and live in a house of your choosing without ever working again anywhere that isn't among the most expensive locations.

>> No.29225749

But personally I'd say suicide stack is something you'd expect to be 100k and make it stack is 1m starting.

To calculate how many of your shitcoins that is, a rough guide is to consider its mcap now and what that would be if it was top 10, top 20, top 50 and so on depending on how big it would be if it succeeded. It's not an exact science.

>> No.29226397

>>29225197
>>29225578
>>29225749
>6 figures
Thank you. I think so too. This means I still have time to accumulate because my coin is stable in this bullrun.