/biz/ - Business & Finance

>Be 30
>Have 70K saved up
>Make $65K (roughly $4700 a month after taxes)
>Rent is $1200
>Utilities + Food is $800
>Gonna have first kid in 9 months
>Wanna buy house but shits too expensive and my down payment wouldn't do much and it won't crash until this time next year anyway

So whats the best thing to do in the meantime?
Park all that cash in a high yield savings account and make $300 a month passively with little risk? With the economy about to go into a mega recession I don't want to invest in anything until after it crashes, so stocks and bonds are unsafe. I have $2000 invested in a shitcoin I hope will moon in the prospective bull run of 2024, but other than that, I don't know what to do until the market actually crashes and opportunities are available

$300 a month seems like the comfiest prospect with savings accounts being up to 5.2% and probably going high with how much like the 80s the money supply contraction is going.

>>25788731
>oh no we've never seen a 5% dip in a bull market before, it's all over

Is there anything besides DAG that has vertical scalability?

>>16342296

>>13939290
>fell for reddit EOS FUD
>invested in Nano
>not a moron

>>13937071
>A literal prostitute would never lie to me

>>13702240
>have a child with a crazy chick

>>13558249
>he fell for the red meat is evil propaganda

>>13346631
Imagine still holding ETH

>>13237113
If you can gain 180% over 3 months in a dead market then why would you try to discourage people from investing in said dead market? Are you retarded?

>>12925395
50x seems a little loafty when the ROIs on every cycle have been getting smaller relative to the last peak, but I pick up what you're putting down. I know Alts come with an inherit risk and are harder to cash out if you wait until the peak, but i'm prospecting those 2 in particular because they have working products and roadmaps to last at least long enough to get past the accumulation where insolvency won't be an issue as the BTC pump will raise all alts.
I don't see them as "HOLY FUCK THIS IS THE FUTURE FLIPPENING 2.0" just as hedges to hold right now that have stayed relatively sideways to BTC rather than falling and with their working product and releases going into that accumulation sweetspot, they could potentially 10x whatever the 10x of the BTC pump because of their lower market caps.

If that doesn't sound viable, would you hedge in BTC only for the time being while we bleed to bottom or possibly any other alt that seems like it'll bleed less before loading up in once we hit accumulation?

And last question, do you think this next pump will be long like the last one or more breakneck like the 2013 one?

>>12272789
>>12272763
Honestly you seem like the sort of person who needs to lose lots of money before he finally understands. Go for it.

>>11104054

>>11047853
>he invests his money in a man who would purposely crash the market and destroy the lives of innumerable of his own supporters in order to further his personal agenda

>>10997224
>>10997212
Lol samefag forgot to change proxy. Weak.

>>10863015
>he doesn't have multiple backups of his private keys
>blames google

>500 Nano
>3000 PRL
>3000 SHL

Just want to get $10K out of it

I have 500 XRB and am not selling until December.

Either gonna make 5 figures or make enough for a nice dinner

Ok so what exchange do I put my BTC on to get the free fork coins on for the 11th?

Also does anyone feel that the correction is coming after 10K?

if bitcoin's value is so high because so many people use it and why fiat currencies like usd/eur dont have so high values ?

Should I be buying bitcoins right now? I've never owned a bitcoin in my life.