/biz/ - Business & Finance

>>14602318
This but a 2k stack is sufficient or else im going to fucking kill myself at the yacht party

>>14602318
>Imagine actually selling your link ever.

Why would I sell a share in the fourth industral revolution just so I can have boomer fiat bux?

>>14602368
This.
>>14602318
You clearly don't understand Link if you consider selling.

>>14602318
obamacare tax 3.8% in all gains. Fuck you state like california income tax is 13.3% on top of 20% federal. 20+3.8+13.3%. Your 5 mil just turned into 3.2.

>>14602368
>>14602449
At some point you have to sell if you want to enjoy the money. I argue you don't understand what link is if you think you will simply just never ever sell it. You have to cash out link to use it. The rewards for staking at a minimum, will need to be cashed to USD or whatever currency your country uses if you plan on actually being a NEET. You can stake your stack and just cash out the payouts for staking, but you will be cashing out something.

>>14602491
Why would you continue living in California if you now have a 7k a month passive income? Would you not move to a state with 0 income tax so you can get more from your money when you cash out and more from your interest? You are no longer tied to a wage slaving job. You can move to the lowest cost of living area in the country if you wanted to, or go move to SEA and live like a god king.

>>14602503
You wait until BTC becomes the world currency dummie.

>>14602525
small business owner. wife. kids school. family. going need a hell lot more than 7k/month to retire. 5 mil pre tax is good $, but not fuck it $. Take 9month-1 year to establish residency in another state.

>>14602588
>Starting a business in california, a communist shithole and giving insane amounts of your income to all the illegal spics living there
Not going to make it.

>>14602610
and why the hell do you think I'm all in with LINK? Either I make it with link, or kids will enjoy that life insurance policy...

>>14602588
Billions of people raise a family on much less than 7k a month.

>>14602639
Thinking of moving to Texas, currently in florida. Any advice?

>>14602639
Realistically, if LINK ends up being a working product, 1k is FUD anyway. If it hits 1k, you have one year to move to 0% income tax state. During that year the price is probably going well past 1k.

LINK isn't going to hit 1k on speculation. It will hit 1k if it becomes a working product that gets adopted. If that happens, it's going past 1k anyway. If you see it hit 1k move to a 0% income tax state, wait a year, and during that year link's price will likely have risen well above 1k anyway. Then you cash out. You will make it off of 5k.

And if you have more than 5k then you just make it even more. All this thread is doing is pointing out that 5k should be enough to make it for the average person.

>>14602639
>>14602646
Not by choice. Be kind anon. We're all here shit posting on biz for one reason or another.

>>14602503
Cashing out implies you're selling your stack. Never selling doesn't imply never doing anything with your stack, as you are aware of staking. However, when it comes to staking we are clearly on the same page, and the matter at hand is merely semantics as to what you consider cashing out.

Given what Chainlink actually does, it will soon allow those who stake their link to be paid directly in fiat. Based on this, it is not considered as cashing out. However, again this is just semantics

>>14602724
7k a month is 84k, a solid salary. Sure we all want more but to have that guaranteed and any work is a nice extra is making it. My dream is just have 30k guaranteed. Then i can work but without pressure, i have a terrible gut condition and would love to just be able to take weeks off work as and when. I mean i already do because of it but it makes things incredibly stressful.

>>14602694
Awful lots of "IF" in your post there. Anyway, I've been in for a long time already. IF it comes close anywhere near $1k, we all would be all right. Peace be with you. Link is life, link is love. $1K eoy (just don't know what year).

newfag here
what's a stack and where do I buy link? willing to buy 3k worth right now

>>14602817
Coinbase is the easiest. 1k is a suicide stack in that it will make you $1 mil in time so you won't feel like you totally fucked the easiest chance at money you will ever have.

>>14602792
This. I hope we all get what we're looking for. Anons are the best people i know.

>>14602318
jesus christ you would put your money in the literal bankers hands who make large spreads on the interest rates they are providing you when you can just stake or trade into real estate

>>14602694
Only have 4k link i can try to get up to 5k link . i'll probably sell way before it ever hits 1k tho.

>>14602863
I still don't understand what a stack is, is that the amount of coin you have?

>>14602885
The point is that you will make 7k a month doing absolutely nothing at all. So if you are a complete lazy faggot or just a brainlet you can sit on your ass all day without ever rubbing your braincells together and live off of 7k a month.

>>14602891
Yes

>>14602891
Stack, bag, fomo, fud, hodl
Its faggot crypto meme language. Half the reason no one takes them seriously
#HODLGANG

>>14602318

A $5K stack costs close to $20,000 now, I'm fucking forever priced out, GAH!

>>14602904
LOL. delusional. Enjoy the ride back down to $1-2, worse if we go bear, and a 2020 moon to maybe, maybe $10.

Buy a low-cap like UND and you just might make it.

>>14602367
Just let go of your attachments of ever making it, only then will you have made it.

>>14602890
Sell 1k at 100, live off that nicely for a year until the rest is $1000. You're doing better than me mate. I had 4k a month ago, then was going away for 2 weeks and put it in btc to be safe.

I can't describe the moment when i checked the charts one night and saw link had doubled, then later more so. I remained calm and tried to do sensible trades to climb back but every single time without fail some bolt from the blue devastated me and i got bogged and bogged again until i have 1k.

>>14602913
oh right so 5k link coins is a top tier stack to hold? would investing 3 grand into link right now help me get my foot in the door? i'm a spastic smelly neet with nothing to spend my money on and i'll waste it if I don't invest so i'm leaning towards dumping all my savings into this

>>14602970
>I had 4k a month ago, then was going away for 2 weeks and put it in btc to be safe.
What the fuck does "I put my link in to BTC to be safe" mean? How is that keeping you safe? Link will double before BTC will at these prices. Why would you ever do something like this?

>>14603013
>oh right so 5k link coins is a top tier stack to hold?
It's a "I now have roughly 7k a month passive income at a bare minimum" hold. Most won't consider that top tier, but most would probably agree you don't need to work anymore with that income.

>>14602525
Yeah but then you have to live in bumfuck Wyoming or fucking Kentucky or some bullshit like that. Theres a reason why California is expensive, I like being able to go eat KBBQ, or watch great movies at an indie theater, buy clothes at interesting places, and associate with people who have a high education level(not to mention California girls). If I move to Kentucky or whatever shithole just because it's cheap what kind of life could I live? Inviting my dumbfuck redneck neighbors over for casserole? Going to the movies to watch avengers 38? Buying all my clothes at kohls since that's the only clothing place in town?

If cost of living matters so much why dont you move to Somalia? You can live like a God over there with 100 link!

>>14603041
I'll be making 1k a month from now until November and live at home with 0 expenses so while I wont be able to get 5k coins I think I can get a nice chunk

>>14603063
>California is the only nice place in the country, and 7k a month anywhere else means I'd live in bumfuck ville
Honestly this is why no one likes Californias and I do my best to harass them any time I see them in my state. You're all trash sub humans just by the very nature of being from your shithole state.

>>14602694
>If you see it hit 1k move to a 0% income tax state, wait a year
>wait a year
I think you're forgetting the part where after the peak of a bull market, all cryptos lose 80-90% of their fiat value. If you did this for ETH in 2017, you'd have suicided from the losses.

>>14603112
I didnt say it's the only nice place, but all the places that are dirt cheap are dirt cheap for a reason. Great job evading my point on what the difference in quality of life are though. I'm gonna be fine with my 27k link balling out of control in Cali, going to the most baller clubs picking up the finest bitches and taking them to the finest restaurants. Have fun fucking some incest baby in South Carolina you found at a dive bar.

>>14603063
you can live in CA cheap if you live away from the city

>>14603191
yes but if the peak of the bull market is 50x then your lowest point will be 5-10x, like with eth

>>14603112
I think the point is. “Making it” is to be able to pick where u want to live, not “if” I move to xzy it’ll last me x amount of years. Each to their own. Serges does not judge.

>>14602970
You have to be larping

>>14603233
>you can live in CA cheap

Yeah you're totally right, these poorfags just have such a skewed view of how much California costs because of what they hear on fox news or whatever. Yeah it's more expensive in general but wages are also better, industry is better so theres more room for growth in your career etc. Its nowhere near as crazy as most people think.

>>14602318
You probably didn’t think about the token lock up into nodes which will cause this to be 2.5k+ a token by 2020.

>>14603233
>Sell 5k at $1k a piece for 5 mil, 33% taxes drop it to 3.3 mil
>Sell 5k at $200 a piece for 1 mil, 20 + 3.8% taxes drop it to $762k
Not sure what point you are trying to make. Selling near the peak is way more important than worrying about tax rates unless you are planing to hold for many more years. I personally want to cash out before my dick stops working (currently in my 30s)

>>14603013
5k is great.

>>14603025
Well i looked at the charts and upcoming news and figured link was floudering (it was just after mainnet) and btc was ready to go. It all seemed sensible but...

Here is the magic forumla for making it

hold at least 5k link for over a year. move to no income tax state like texas, florida, etc for at least 6 months before cashing out. wait until at least $1000 to sell

thats $5,000,000 before taxes. 20% long term capital gains tax + 3.8% obamacare tax = 23.8% in tax. Your 5 mil is now 3,810,000

take the 3,810,000 and put it all into a vangaurd s&p500 admiral index fund like VFIAX. They return about 7-10% a year on average over a 10 year period.

Inflation is roughly 3% a year. You withdrawl 3% a year. This leaves you between 1-4% growth for your nest egg, while adjusting your passive income for inflation forever.

3% of 3,810,000 is 114,300. 15% capital long term capital gains tax + 3.8 obamacare = 18.8 tax on that passive income per year. This would leave you with 92,811.60 after taxes per year

selling 5k link at 1000 will give you 92,811 per year income, adjusted for inflation forever, while your inital sum keeps growing slowly.

>>14603275
Nope.

>>14603384
>Not sure what point you are trying to make.
you can't time the peak and the chances are you will sell too early and pay taxes on those tiny gains, so you're better off avoiding the taxman and staking as a passive income scheme and transacting in your coin, unless of course you don't believe in the coin which prompts the question why you're holding in the first place

>>14602542
BTC has been destroyed by Jews

>>14603456
I encourage you to read my post again, that is if you believe you're capable of understanding it

>>14603490
Lots of news about it's energy consumption now as well. I'd actually fear the EU banning it.

>>14603499
holistically, the market cycles are irrelevant, what's important is the general rise and its eventual real world use - btc has had many market cycles over the years and very few, if any, people timed near the tops and bottoms generating them excess returns to riding the trend line

Even as a stink-Linker, I cringe at the idea that LINK will go to $1000 or even beyond.

Let me extemporate a bit for your education:

At $1000, LINK would have a fully diluted market cap of $1tn. That's about the GDP of the Netherlands, a highly industrialized, rich country of 17m residents.

At $2000, it would pass Russia, South Korea, Australia and Brazil - 210m people.

At $4000, it would be equal to the GDP of Germany

At $5000, of Japan. two of the richest countries in the world.

That might seem attainable, but only if you are regularly snorting coke.

>>14603823
Imagine having not read the whitepaper.

>>14603823
350b marketcap at $1000

>>14603823
Holy shit you're retarded

>>14603823
So your saying theirs a chance

>>14603991
And half them being staked lessens supply even more

>>14602318
The problem with threads like these is that OP assumes chainlink only gains value across the dollar. Most of you don’t realize most of the value gained by crypto currencies is going to be from the value of the dollar going down, not the value of crypto going up. By the time link is 1k there will be better staking options that net higher monthly payouts.

>>14602368
Based

>>14602694
Do you mean that if it hits 1000$ then my 55k link will be worth 55 million $?
this is delusional the stars will never align enough for me to have this kind of money.

>>14604212
Where have you been? its always been 1000eoy the 7's said so

>>14604212
Why. You read about the tech before most industry and put big money in it. That's not nothing at all.