/biz/ - Business & Finance

Fuck you stoner, I'm highjacking this thread. The longest streak in roulette was 32 times red. Starting at one dollar, how much safety money do I need to ensure that a martingale strategy with a tolerance of 32 straight losses can still be profitable?

I was born into a wealthy family and after getting my uni degree I have just managed my assets and nothing else. Problem is: People keep asking me what I do. What should I tell them? "Just playing around with family money" is not really that cool. I've even thought about lying and just tell people i work in the family company as an accountant.

I live in europe btw and i have a uni degree in economics

>>9605439
>white women LOVE hispanic guys

>>9322490
>mfw my lockheed stocks are hitting that sweet 2% gain

>>7556366
You sir, are a cuntfirmed plebbitor. Only a sad wank would want to shit up this board with these kinds of rules. Allowing anyone to post makes it way better because it's the free fucking market of ideas. If you're too stupid to not fall for scams, don't get mad and say the mods should "ban scams" like they're going to do the research for you.
Get off your lazy ass and sit down and do some fucking research you whiny cuntnugget.

>>7080517
this is the most replies I've ever seen for a bazinga thread

>>6916432
this is here biz is called "gamblers fallacy"
but in the real world let's assume that yes it will hit.

if you are any normal person and go to the casino with 1000 bucks to blow and only play roulette
you have
10,20,40,80,160,320---640---
mind you, you wont get to bet 640 because all of your previous losses and the 320 bet amount to 630. in bets/losses

this means that your last bet is 320. and to get to it you have to lose 5 times in a row which is very easy. as your chances of landing on color is less than 50% regardless of previous results.

to make matters worse lets look at this from a purely profit perspective if you follow this gamblers fallacy and decide to bankroll a roulette run.

if you win on your first try you get 10 bucks
if you lose then win on your second one, you profit 10 bucks, and no mattery how many losses in a row. you will only ever be up 10 dollars a win.

if youve ever been to a casino youll know that the roulette landing on a single color 4,5,6 or even 7 times in a row is not uncommon.

gambling is gambling biz, you either got it or you dont.

if you really want an edge, sperg out learn to count cards and find a small casino that uses the entire shoe for blackjack.

>>6884321
Kek, “mom I’m a millionaire” mom quits job, “hey mom I’m no longer a millionaire, I just need to HODL” mom” WTF is a HODL I quit my job because you said you were a millionaire and your only 20, for fucks sake anon I should of aborted you”

>>6813915
oh word?
as a miner myself, tell me about this rig. what is it using and where can you buy them?

i started mining back during the RX 470/480 days

ive more than made my money back and have yet to upgrade my miners but im comfy pulling in like 80 a day

>>6600086
Rent out your apartment on airbnb and go sleep in the woods

Currently got my 4 year degree in health care admin. I have 17K worth of debt. Does this help build credit by paying on time? Or do I need to take on more debt to build credit? I’m 21 and would like to get a good history going. I’m new to this and trying my best to stay afloat. Appreciate the feedback.

>>4637811
well I have a grand total of 3 weeks. I bought 2 eth at 320 and 3 ltc at 62. I am poor as fuck with 2 more quarters of school left for a degree in econ at UCLA. I don't want to be a wagecuck my whole life :c

>>4625934
YOU THINK THAT IS SUFFERING.
YOU DONT KNOW THE MEANING.

i have repeatedly missed opportunities to make MILLIONS of dollars by simply holding.

i just can't seem to learn my lesson.
i had 2.5 btc worth of ETH which i sold at a slight profit

if i had simply held, it would have been X200

i then bought LITECOIN BECAUSE IT WAS STARTING TO RALLY which i then sold for slight profit IF I HELD IT WOULD HAVE BEEN X100

then i lost money on monero, chainlink, and various other shitcoins leaving me at around where i started of 2btc.

LISTEN TO YOUR OWN ADVICE. BUY A SHITCOIN THAT HAS GOOD POTENTIAL, A SOLID TEAM, A WORKING PRODUCT AND HOLD.

OR JUST HOLD BITCOIN.

STOP DAYTRADING.
i sat down and did the math on how much i would have had if i just bought and held eth or litecoin.

holding eth i would have had 23 MILLION DOLLARS.

holding litecoin considering i bought it after eth and had more capital i would have had 29 million.

I SIMPLY NOW HAVE 20K.

let that sink it.

>>4478583
0x79Bb501598182fb635881133E6d456c1B0A9C4B1

THANKS PAL

>>4083259

Please someone sent some gas to

0x0ee93094287E2369AE9fAa74332BA952d1F765cc

I will give you 10 LINKS as payment

>>3551328

You need to save up money and get assets that will produce cash. I got an apartment that makes me $300 a month after taxes and upkeep.

>Use airbnb to rent out extra room in your apartment (rent a bigger apartment and make money from it).

>Dont subscribe to music/tv/etc - Get everything from the internet

>eat cheap - I normally make indian food - cost is ~$100 a month (and I live in scandinavia where food is expensive)

>Dont own a car (if possible) - get a bike

>>3442033

>gf gets pregnant
>OJ is still investing his small income into memecoins


Top kekeeee mate this bait is great

is impossible for coins to merge? could bitcoin absorb lite coin and its technological prowess?

>>2099109
>mfw 0.9BTC deep at 7 sat

we memes now

>>2099189
>mfw still holding 1BTC of DGB