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/biz/ - Business & Finance


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55628265 No.55628265 [Reply] [Original]

I have a crypto stack of about $16K, mostly Bitcoin.
The returns each cycle are clearly diminishing, let's say Bitcoin tops at $120K in 2025.
That's only a 4x from this point, so I'll have $64K if I time the top perfectly. Call it $80K, assuming Ether and other stuff I own outperforms Bitcoin.
After that I get destroyed by taxes, leaving $45K total profit.
That sum is fucking laughable. All it can buy is nuke a portion of my mortage.
And watch inflation average at 4% every year from now on.
Fuck... I'm never going to make it, am I.

>> No.55628300

pick any alt and long it
it will get you way better returns than btc

>> No.55628323

>>55628265
Increase your income, you can actually control that.

>> No.55628324

>>55628265
Buy kaspa or dynex. You cannot make it with king shitcoin anymore. You need to buy coins that have massive growth potential. KAS and DNX are two that I believe in but there are many more. You just need to find one and go all in and hope it moons.

>> No.55628327
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55628327

>>55628265
gotta risk it for the biscuit champ

>> No.55628345

>>55628265
>The returns each cycle are clearly diminishing, let's say Bitcoin tops at $120K in 2025.
Institutions are coming, unironically this time. 120K is worst case scenario.
>That's only a 4x from this point, so I'll have $64K if I time the top perfectly.
DCA out in Q4 2025 for november at the latest.
>After that I get destroyed by taxes, leaving $45K total profit.
Don't pay until you get letters. Or find another way to avoid. Time in market is key, it's not a fucking meme. The more money you have at the beginning, the faster you will make it. You can then pay tax after the fact. Depending on the legal reprecussions this may not be an option. Keep records.
Seek a financial advisor if you're truly lazy/retarded.
>And watch inflation average at 4% every year from now on.
Look up bogleheads investing. Or the links in /smg/ tradfi is your friend. Don't be fudded out of it. It's gatekeeping nonsense.
>Fuck... I'm never going to make it, am I.
Not with that attitude. Getting rich quick was a meme. Did you not notice that almost all the people who got rich were influencers? Or made it cycles ago? The fake and the gay.
You can get rich quick faster however. Boomer investing + crypto is the way. Alternate between them forever. You should have planned to do this anyway regardless of gains previously expected to make it even more. But it seems like you ahd no plan whatsoever. So fucking make one.
There are tax free investment options you need to learn about depending on where you're at. Use all of them.

>> No.55628349

>>55628300
>>55628324
How much of my portfolio should I gamble on random shitcoins? I don't want a high enough allocation that I have to kys if my picks up dead when everything else moons. Also, when should I buy shitcoins? After the halving?
>>55628323
Doing everything I can to increase it, taking extra shifts, but unfortunately I'm in public sector hell so I can't just negotiate raises.

>> No.55628363

>>55628349
unironically doge may hit $1 go in that

>> No.55628442

>>55628265
Well duh. Of you want anything more than a 5x, you need to invest in other things or change strategy. Pick the right alt, trade shitcoins, day trade bitcoin, short stupid stuff etc

>> No.55628463

>>55628265
lmao $16K is literally nothing
of course it won't change your life, especially not if in mostly in BTC

>> No.55628470

>>55628349
>Also, when should I buy shitcoins? After the halving?
That is the worst time to buy. You need to find shitcoins way way before they moon. The best time to buy kaspa for example was last year.

>> No.55628506

If you don't make at least $1M from 16K you failed.

I see too many midwits here, The math is simple:
>BTC at $150-200K (Conservative targets)
>BTC.D at 33% (Conservative)
>Alt that doesn't underperform the market

And there you've x25 from this point based on market growth alone, It's your job to pick the good alts that take you over x100+.

>> No.55628520

>>55628324
Shill me DNX
Currently all in RLC. Was thinking of switching it up. I want the perfect shitcoin for the next bull
But the anons on here are right. King shitcoin will keep your gains. Put it btc/eth after you make gains with alts.

>> No.55628529

>>55628265
bitcoin will do at least x1000 from here in our lifetime. one day it will be too late to make it with it, the time isn't now. of course the majority will not believe it, that's why it'll happen. majority does not win.

>> No.55628674

Unironically start DCA'ing PEPE

>> No.55630025

>>55628520
Claims to implement PoUW which is an innovation in this space where the mining can be used for something useful as well like solving distributed computation problems.

>> No.55630138

>>55628265
16k wont make you millionaire my guy it sucks to hear but you can definitely have a head start in life from this, you should prob invest 20-40% of ur networth into altcoins thought and chuck whatever money you can from ur job into altcoins till next cycle
>125k
that would be the worst case cenario, BTC mc should prob hit 3 tril this bull run, especially since institutions are getting involved, and more countries are becoming crypto friendly. All we need is some random semi big GDP country to say "we like BTC" and it bumps it up by +60k off that alone

>> No.55630174

>>55628265
Wow. I'm so demoralized. I think I am going to sell now.

>> No.55631454

>>55628529
It already did that you missed it. Try next lifetime

>> No.55631497

>>55628300
>pick any alt and long it
>it will get you way better returns than btc
Good one bruh, I was about saying this
>>55628674
>Unironically start DCA'ing PEPE
Pepe will give a good returns on the long run, utility tokens like xlm, ride or Slt are likely to do some good numbers in a short time.

>> No.55631536
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55631536

>>55631454
Laugh out loud

>> No.55631972

>>55630174
Why not convert it to a good alt instead of selling, I did that with mine on kucoin, converted it to link, and some to xtz which I'm baking in the sylo wallet for passive earnings

>> No.55632269

>>55631972
Why are you replying to me faggot?

>> No.55632278

>>55628265
Bitcoin will not go over $100K. You can gamble on alts but be prepared to lose everything I guess.

>> No.55632334

DCA BTC and low caps. brother. Best of both worlds.

>> No.55632373

>>55632269
The dude is only trying to advice you not to sell, you retarded old fool

>> No.55632419

>>55632334
Both Bitcoin and Ethereum are secure and a good way to build capital, thou the profit may be minor
I do 30% eth 30% btc and the rest in algo,vet, Ride for VR games, then undisclosed amount of Grt for web3.

>> No.55632535

>>55628529
>bitcoin will do at least x1000 from here in our lifetime
Doubt. That would put the market cap of BTC at 5 quintillion dollars, which is 50x larger than the rest of the world economy combined.

>> No.55632758

i don't think there's any question $16k in blue chips is too late to get a serious payday
you either have to gamble or increase your income. would recommend the latter

>> No.55633297

>>55628349
20% btc
40% qnt
20% link
20% op

>> No.55633330

>>55632535
you added one extra zero. and the world economy is estimated at a few quadrillions as far as I know so no

>> No.55633369

>>55633330
you added more than one extra zeros

>> No.55633413

>>55628265
What a world; niggas complaining about ONLY a 400% ROI. Kek never gonna make it.

>> No.55633513

>>55633297
i'm not really sure about op but the rationale is that it should outperform eth during the eth bull, but the ethbtc chart isn't looking good.

>> No.55633608

>>55628265
>Pays rent
You lost there buddy

>> No.55633642

>>55628674
I think it's smart to focus on the trending narratives as IDO is live. An amazing future awaits holders of IMM anytime from now.

>> No.55633650

>>55628265
how many ordinal inscriptions do you have?

>> No.55633698

>>55633297
No SCLP? Ngmi! A project with promising future that is connected with payment gateway for businesses shouldn't slip off your hands.

>> No.55633705

>>55633297
Get link out of the list, there are AI and DID projects that's are making real sense.

>> No.55633717
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55633717

>>55628300
Smart move anon. Altcoins be where it's at, way more profitable than Bitcoin. I scooped up some Krest last month, and I'm waiting for the Peaq token airdrop to hit me up! It's the canary and main chain, all set for DePIN on Polkadot.

>> No.55633738

>>55628520
Surprisingly, AGII is my new catch. With the aims to leverage the power of advanced AI generation models. It'll be nice to dive in before the bullrun

>> No.55633858

>>55633330
BTC's current market cap is $580 billion, so after 1000x it would be $5.8 quintillion. The total GDP of every country in the world combined is only around $130 trillion.

>> No.55633864

>>55628324
>You need to buy coins that have massive growth potential
This but unironically. One recent example I can think of would be how ARKM pulled a quick n easy 4x back when it had its IDO on Binance. Everyone was desperately fudding the project but in the end it turned out to do just fine quite easily. Right now it has shitty price action so if you didn't get in at its initial price then you've missed out.

>> No.55633865

>>55628327
fr fr ong senpai no cap

>> No.55633868

>>55633858
>quintillion
I meant quadrillion

>> No.55633870
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55633870

>>55628265
We were never meant to make it

>> No.55633877

>>55633864
kill yourself glowfag

>> No.55633879

>>55633864
No one actually shares any meaningful alpha anymore. Ffs.

>> No.55633938

>>55633868
$580 billion * 1000 is not 5.8 quintillion and not 5.8 quadrillion either, also the total wealth of the world isn't just the sum of countries "gdp", your calculations are completely off since the beginning

>> No.55633946

>>55633738
Well, I will hop on the AGII train once I see a clear buy signal on my Al indicator.
I've enjoyed good gains on Rndr, xrp, pepe and Tomo in the last few weeks based on the signal i got their, I don't mind doing the waiting.
>>55632334
yeah, but I think it'll be better to focus on low caps with high potentials or maybe stake and earn passively.

>> No.55633984
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55633984

Why not staking those into a solid APY farming? there are some really interesting yields on stuff like Kava, Rodeo, shit like that, might even worth trying

>> No.55633991

hell yeah another bizzfag coming to an end, smells like chrismas.

>> No.55634004
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55634004

>>55628363
Don't be a fucking idiot.

>> No.55634012
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55634012

>>55633991
Do they let you use the fag word know reditor? When can you say nigger? Not yet huh?

>> No.55634347

>>55628324
Kaspa already had it's moon moment but it was during a bear market.

It'll definitely reach ATH + a little bit more next bullrun but I think many of you around here in biz are setting yourselves up for massive disappointment when the next bullrun tops out.

The time to invest in Kaspa was last year when it was advertised on biz with a price of .0003

>> No.55634435

>>55628265
>Inflation 4% per year
It averaged 15% per year over the last three years.
You are acting like a little baby.

>> No.55634709
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55634709

TAO.

>> No.55634797
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55634797

>>55628327
>I updated the menu today

>> No.55634813

>>55628265
Bitcoin will still 10x in 1-2 years and is the safest bet.

I wouldn't touch shitcoins at all. Just a game of musical chairs.

>> No.55634864

>>55634709
what's the circulating supply? let's assume it's the total supply, it means the mcap is already 278M which put it in #128 in the mcap

>> No.55634895

>>55634709
so imagine it climbs to top 20, it would just do a 15x. not interesting

>> No.55634943

>>55634813
It will 10x from 15k not 30k

>> No.55635112
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55635112

>>55628265
Truebit
As a better hold then Ethereum
It has a minimum price
Check tru/eth
Its still at its minimum price
So worst case it follows Ethereum
But it can easily pump up to x2 or more, and then you sell for Ethereum or even rebuy if it dumps again

>> No.55635125

You know we are far from the bottom when people are still talking about Bitcoin reaching an ATH any time soon instead calling out crypto is dead

>> No.55635138

>>55635125
People called it dead at the bottom retard

>> No.55635148

>>55633297
QNT? It can’t pump. But yea iso200220’s are the way next run

>> No.55635378

>>55635148
qnt is crabbing around 100 the same way it crabbed around 40, maybe. i have no idea about future price action. the fundamentals are there. it's almost confirmed at that point that it will be behind the e-gbp of the bank of england and will be used for RTGS ($300T settlement per year).
>iso200220
the BIS talked about iso tc 307 created by gilbert. what will the mcap be if it becomes the protocol to link permissioned-permissioned/less chains, central banks use it and big enterprises? could it have the mcap of ethereum now? i guess so, that's a 150x from there

>> No.55635421

>>55635378
Its vaporware and a meme

>> No.55635521

>>55635421
doge, a useless meme, reached 84B mcap. if qnt reach it it's a 56x from there.
https://en.wikipedia.org/wiki/Worldline_SA
this company is excited about and will integrate the APIs of project rosalind. guess who is behind those APIs

>> No.55635562

>>55633858
The calc is wrong numerically and in principle
GDP = flow of capital & goods

What you want is to compare the BTC market value with the total monetary value (M3)
Good luck with that (it's impossible)

>> No.55635788

>>55635148
Wait for the coming bull market before you decide. Every project with a big community and utility will make good moves. For the big runs, I still stand with NXRA as an oldfag.

>> No.55635912

>>55628345
>Institutions are coming,
This is the most important lesson for OP. Probably a dumbfag to realize that this is probably the last bear where BTC is still in double figures. Identify ecosystems that'll be onboarding these institutions and pitch your tent there for quicker gains.

>> No.55636018
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55636018

After not visiting poorchan for a while and seeing the types of posts on here I’m pretty sure everyone here perpetually fuds eachother out of whatveer alts they are in. You’re all Ngmi.

Ada dot link algo is all u need just hold and keep buying.

>> No.55636163

>>55635912
Institutions will definitely come via BTC, there's nothing else out there for them.

>> No.55636294

>>55636163
Institutions know well to diversify their risks. Everyone can't have only BTC as point of entry; as much as they want to take part in crypto gains, they also want to leverage on crypto products in order to improve their quality of service for their customers and Defi(especially those that are institutional grade) provides a solid foundation for them to build on.

>> No.55636522

>>55636294
>especially those that are institutional grade)
Like which ones? Only exists on paper afaik

>> No.55636690

>>55636522
https://blockworks.co/news/aave-arc-to-provide-30-financial-institutions-access-to-private-pools-of-defi-liquidity

>> No.55636703

>>55636522
Have you seen the features of Spool V2? It is tailored towards institutional players.
>Gated vaults
>Time locks
>Multi assets vaults
>Sleek UI
>LSDs

>> No.55636725

Bitcoin is for holding and long term accumulation

During the bull market you absolutely need to be in the altcoin trenches if you have anything below mid six figures. I went from $15k in January 2021 to $100k by the time the market rugged in April and I was largely clueless.

>> No.55636749

>>55633946
>AGII
Never be late on an AI project that simplifies content creation process and provide users with unparalleled flexibility, creativity, and efficiency.

>> No.55636774
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55636774

>>55635788
Will you also look elsewhere rather than focus on an innovative model that creates a win-win situation for investors, creators, and token holders in profitable indices? Astradao is set to play a pivotal role.

>> No.55636818
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55636818

>>55633984
That sounds cool but I'm better off with sylo's staking rewards as the team is about to launch their nodes incentivization.

>> No.55636859

>>55635788
Waiting for the bull seems to take longer than expected, with TM Al analyzers ain't scared of making my best picks.

>> No.55636895
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55636895

>>55632758
Looking at the current market passive income is important. I'll provide AstraDAO liquidity on Uniswap to earn juicy rewards for liquidity mining.

>> No.55637524

>>55628265
if you have 16k worth of bitcoin in 2023 yeah no shit you aren't going to make it dummy, this isin't 2015 anymore. Posts like this are just worthless learned helplessness. You can make it with that much starting capital in crypto if you are smart and disciplined, obviously no retail entering
at this point is getting rich just from holding BTC and ETH

>> No.55637836
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55637836

>>55628265
There is less than 2 million BTC left to be mined forever that will take the next 110 years. Just stack sats or future you will have regerts.

>> No.55637860

>>55634347
for every KAS, there are 500 bear market darlings everyone swears is gonna pump

>> No.55637869
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55637869

1) BTC will 100x in real terms in our lifetimes
2) BTC will 10,000x in nominal terms in our lifetimes
3) Everyone becomes a maxi in-the-limit

Once you realize that the statists will never stop debasing you will join us in enlightenment

>> No.55637926

>>55633858
Total world m2 is around $80T at present, BTC will flip fiat in our lifetimes, a 150x in 2023 terms

>> No.55637969
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55637969

>>55636294
>they also want to leverage on crypto products in order to improve their quality of service for their customers and Defi(especially those that are institutional grade) provides a solid foundation for them to build on.
Kek. Crypto outside BTC/XMR is pure worthless shitcoinery, shitcos funded by dumping on baggies paying real companies for "partnerships", there is no value there

>> No.55638448

>>55631454
>10% of people give a shit about crypto yet, 1% actually own any more than $100 worth
>it will inevitably take over all global finance and replace all traditional currencies
>is currently 1/20th of total global market cap
at least 50x is guaranteed, probably within 5 to 10 years

>> No.55638639

>>55636725
I've been keeping up with different altcoins and grinding daily. It has paid off with LBR and PENDLE while NXRA is still coming up gradually.

>> No.55638775

>>55634004
Elon is turning Twitter into a payments app/everything app, why would you doubt that he would find a way to pump doge with that?

>> No.55638785

>>55635112
>TRU baggies still exist in 2023

>> No.55638898
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55638898

>>55628265
Anon, Investing in BTC only won't change your life, you need to buy coins that have massive growth potential. I mean projects fueling DePIN like Wynd, Waev, and Peaq.

>> No.55638918

>>55628265
That’s 2,000 link dude. Transfer immediately or you will rope knowing you could have easily made it.

>> No.55638922

>>55638775
Oh, Elon, the ultimate game changer! Did you hear the latest? Eloop and peaqnetwork are on a mission to tokenize a whole fleet of Elon Teslas! Now we can all own a tiny slice of these sleek rides! It's like being part of the EV industry's ultimate revenue-sharing venture.

>> No.55638938

>>55633297
Finally someone knows what OPTIMISM is. That coin is non existing at this board

>> No.55639036

>>55638938
I'll rather go for Arbitrum anytime. Even my SpoolFi farming is on Arbitrum now.

>> No.55639083

>>55638785
I literally x3ed my Ethereum with it
Yes its a scam but you buy when its at the minimum price and sell the pump

>> No.55639089

>>55628529
You, ser are retarded.

>> No.55639098

>>55636895
>tell opee not to gamble
>pajeet immediately replies with a gamble on shitcoin post
poo
goes
in
the
loo
1 billion people and you fucks still aren't toilet trained

>> No.55639101

>>55628300
that's one way to lose 16k

>> No.55639230

>>55638898
What in a pajeets name are you pinning ? DPin lol. How do you all feel comfortable talking about shitcoins like that? I only go with real bags like QNT, INJ, and NXRA.

>> No.55639273

>>55628265
just forget about seeking happiness through money, anon.

i have 100k in stocks and am as miserable as you. the difference is, i figured out getting to 500k won't change anything.

>> No.55639284

>>55628265
altcoins will do better. ORE, VRA, METIS and MPL can pull a minimum of 20x.

>> No.55639288

>>55633705
FET, ORE and NXRA. Good picks

>> No.55639296

>>55638639
Data focused projects like NXRA, OCEAN and ORE looks undervalued when the time comes.

>> No.55639505

>>55628300
I choose to DCA into RAIL. No need to long it.

>> No.55639563

>>55639296
Not so bad but payment projects are going to be massive. XPRESS and CYMI have been keeping up nicely and I ain't fading them.

>> No.55640097

>>55639089
I'm not

>> No.55641687

>>55639273
>i have 100k in stocks and am as miserable as you. the difference is, i figured out getting to 500k won't change anything.


Not suprised you are miserable, who the fuck buys stocks in 2023?

>> No.55641936

anyone getting into crypto when btc hits 50k will look at the charts of solana, cardano, avax and see that their previous ATHs were 10x what they are at the moment. the real action won't be in eth or btc, but it won't be in low mcap garbage - value-seekers will pursue coins with previous performance and low rug likelihood

>> No.55642594

>>55641687
>Not suprised you are miserable, who the fuck buys stocks in 2023?

Shut the fuck retard, i bet you are oblivious to the fact that NVDA printed shitton of money for it's early holders.

>> No.55642626

>>55641936
>value-seekers will pursue coins with previous performance and low rug likelihood
Following altcoinistdao vision glasses to find the right gems

>> No.55643202

>>55642594
>NVDA printed shitton of money

You call 300% growth shit ton of money? Well you trade stocks so i am not surprised. LSD tokens like PENDLE and LBR literally did the same in short period of time and i am certain others like SPOOL will do the same as well.

>> No.55643622

>>55643202
I ain't fading SPOOl for anything. I saw their integration with RocketPool and I think it is just the beginning as more protocols are being added for LSD.

>> No.55644112

>>55628674
Pepe already mooned.

>> No.55644151

>>55628265
If your Bitcoin ever actully becomes worthwhile, goverments and economies will be collapsing and you won't need to worry about taxes or converting it into currency.