/biz/ - Business & Finance

>>56445639
After taxes it's 6000/mo.

After rent + utilities it's 4500/mo.

What are you spending 150/day on?

Debt? Car payments? Student loan payments? Credit cards?

>>56292492
Student loans -> sports betting -> crypto moon

I was very smart (99th percentile on math tests) but grew up very poor and had parents who didn't know what the fuck to do with someone who was actually intelligent. Didn't even go to college initially - I worked at a grocery store handing out food samples during the weekends, while living at home and taking classes at community college.

I looked into sports betting as another way to make money. The math made sense to me - bet both sides and guarantee income. But I needed a bankroll to do that, so I ended up going to college and taking out student loans for the cost of attendance. I would use the student loan money that was left over after tuition to deposit to online sportsbooks. I ended up making a good amount of money, enough to buy a cheap townhouse in the early 2010s (paid 85k).

Withdrawing was hard because laws prevented banks from knowingly accepting gambling money (UIGEA) - that's when I learned about Bitcoin.

In 2016 I made my first BTC withdrawal (ended up getting 36 Bitcoin). I didn't immediately convert it to USD, I saw that BTC was up 40% on the year and thought "this shit will keep making me money if I just let it sit". Had no fucking clue it would go up as quick as it did.

I wasn't deterred by the early 2017 dips because as a gambler I was immune to it. You always had weeks/months where you will lose 10-20% of your balance. But in Winter 2017, the numbers started going up to the 6 figures, that's when I had a hard time getting any sleep at night. Each morning I was waking up and swiping Blockfolio to see daily changes in the tens of thousands. Shit was too much for me.

The peak was around 720k, once it dipped to 500k I ended up selling. Figured it was a good time because my 105 IQ normie friends were bragging on Facebook about the XRP they bought for $0.20 becoming $2. I ended up paying off my student loans, buying an actual house, and bought a new car. Nothing too life changing.

Real Estate up 32% from COVID

S&P up 71% from COVID lows

>AAPL up 132% from COVID lows
>MSFT up 57% from COVID lows
>GOOG up 67% from COVID lows
>AMZN up 0% from COVID lows
>META down 18% from COVID lows

BTC up 240% from COVID lows

why is Tezos puming while BTC is dumping???

i need to know too

hi /biz/
why do you all keep focusing on shitty ass ERC Tokens instead of native coins like tezos or something.
most of these ERC tokens are scams by developers to money grab...

try ritalin

>>12850028
I lern alot from frens

We're pumping way too fast. Theres gonna be a reactionary dump

>>11448878
>>11448896
>>11448899
>>11448927
>>11448962
Thank you so much frens. Really appreciate all the advice. I will try all of it starting today. Just did some pushups kek.

So do you guys day trade coin, or just buy, wait and hope for the best?

>>11411392
You get to choose which one you'd fuck. If it's a shop you have to fuck the real one instead.

>>10114872
Ah yes. So you were one of us. Glad to hear you got smart tho. I wish you merry shitpostings. Hoping to get there too someday.

I just started learning how to do TA. Happy to say my first crypto trade since last year may have made me and saved me some Kek’s... with the crypto game i’m seeing an opp for much larger ROI’s in a short amount of time. Once I start to stack real coin, I’m going to trade up to the big market with the real players.

The Coinbase Trading Bot Extravaganza is now finished.

CONI’s dividends at the last hours of the trading rewards event were around 10% daily, which is of course insane. (That’s if you bought in at 500 gwei. The rewards are based on volume, which will drop off once the event is over.)

Now, 10% returns PER YEAR is considered a good investment. That’s about .027% each day (compounding). Investors love things that can return 10% a year. Eventually there will be plenty of investors happy to buy a crypto with guaranteed 10% yearly compounding interest.

So what would Coinbene’s volume have to DROP to in order to make the CURRENT price return 10% a year?

Well, next month the dividends will drop from 100% of fees to 40%, a 60% drop. So let’s take that 10% a day and change it to 4%.

Now how do we go from 4% to .027%? Just divide 4 by .027 and you get about 148. So it would have to drop to about 1/150th of what it is now. That’s 0.675%.

Do you really think 99.325% of Coinbene’s current volume will drop away once this is all over? That would put the exchange volume under $7MM daily volume. Do you really think Coinbene’s true daily volume is $7MM?

Do you really think it’s not worth the money for Coinbene to keep wash trading their volume up to their previous average of $90MM?

Using the above math, $90MM daily volume would put Coni’s value at about 6000 gwei.

That’s a x12 from here.

Think about that.

Let me do some math.

Mainstream adoption eventually comes along. People actually want to make transactions with their crypto (buy groceries and shit). Billions of people want to use Bitcoin... well, on-chain, there can only be roughly around 300mil transactions in a year (1MB blocks+Segwit = ~10TPS, ~30mil sec in a year). That means only 300mil people of the worlds 7.5 billion can do one transaction during the whole year. Not really that good now, is it?
OK then, we have the Lightning Network to save us. Lets put all the people on the LN and have them do transactions there. But opening a LN channel equals at least one transaction on chain. With 300mil tx per year, we'll get half the worlds population on the LN in a whopping quick speed of 12 years, during which the chain will be full of these transactions and otherwise unusable. Even once we get all the people on the LN, only maybe 0.1% of the people will ever afford on-chain fees. Rest of the population will only use the LN for their whole life. Why is the chain necessary in the first place then even? Will LN ever become secure and decentralized enough for people to hold their money on it for their whole life?

holy shit. while reading the white paper of the SWAP protocol created I finally understood how AirSwap works
https://swap.tech/whitepaper/#order-books

AirSwap uses a P2P "order book" and on-chain trade settlements

you essentially make a request for how much you want to buy/sell of a token, then the nodes in the P2P network has 5 min to provide you with offers that you can choose from.

this is so fucking smart holy shit.
feeless and private trading, good prices, incredibly slick design

see you in a couple of weeks when has AST gone 10x

Does it matter where you get an MBA degree from?

Mmmm the fud posts and despair are at an ath.
Tells me the pump is soon.