/biz/ - Business & Finance

What would/did you do with your first 1MM?

>>6426751
First, you're a newfag.

Second, this isn't a "bear market". Are you fucking insane.

Third, this isn't scary at all. If Coinbase, Bittrex, Binance, and Bitfinex all got shut down and funds seized.. then yeah we might be close to what the Mt. Gox crash was like but until then we are absolutely fine.

Look at the news. Banks and other businesses are increasingly moving towards crypto investments and ETFs are already being approved.

You fucking newfags are the absolute worst. Almost every coin has done a 2x, 4x, 6x, 10x and you think we're in a fucking bear market? What is wrong with you?

>>6424914
comfyposter checking in

>>5794957
>>>You're still thinking too small.

>>>Also you don't go to jail for this you retarded shit you just pay a little fine with your taxes.

>>5381734
>I quit smoking pot, so I started to buy 50 bucks of crypto every month instead.
Fucking nice. I'm happy for you bro.

>>4870007
Awww, did baby not buy Bitcoin? It's OK sweetie, we aren't all meant to be traders.

>>4229314
*thumbs up*

>>4199444
With a million dollars you could buy a studio apartment in Lincoln Park, Chicago for $250,000. This gets you a very nice studio in a very comfortable part of town absolutely loaded with gorgeous young women. Now, you'll have to pay an HOA fee and other utilities every month. Let's say an average of $1,000 a month and being conservative we'll just say $15,000 a year in case anything bad happens to the building and you have to pay an assessment. Now we'll factor in other costs of living such as food and entertainment. Let's say you budget $3,000 a month for that. That's $36,000 a year.

So let's look at 10 years of living this life...
>$250,000 for the condo
>$150,000 for utilities
>$300,000 for food and entertainment

That's a total of $700,000 spent over 10 years just for basic living expenses and basic entertainment.

That leaves you $300,000 to play with over those 10 years. You could invest it, use it for vacations, start a company, etc...

I think a cool $1,000,000 does indeed make you rich. At the very least it makes life a hell of a lot easier.