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/biz/ - Business & Finance

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16195353 No.16195353 [Reply] [Original]

Aside from my 1k stack of LINK, I have $20 to my name and $2000 in credit card debt. My student loans are probably like $30,000 at this point (haven't graduated yet).

Am I gonna make it?

>> No.16195362

>>16195353
How does $100,000,000,000,000 sound?

>> No.16195370

>>16195353
$100,000,000,000,000 is FUD

>> No.16195379
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16195379

>>16195353
i-is that Satoshi's sofa? pic related

>> No.16195440

>>16195362
>>16195370
>>16195379
Can you guys be serious for a minute? I really need financial advice.

>> No.16195533

>>16195440
The rational, level headed answer is no. The deluded LINK holder(me included) answer is: how does $10 000 000 sound?

>> No.16195549

>>16195440
have you forgotten what website you're on?

>> No.16195576

>>16195440
Around $10,000,000,000

>> No.16195599

You'll make it one day. I graduated 12 years ago and have 40k in student loan debt, and went from $0 in CC debt to $20k in CC debt in the last 3 months by loading up on the making it trifecta: INTC, LINK, BSV.

Been rich twice in my life, this will be the third and final time. yolo

>> No.16195632

>>16195440
Advice? You sound flat fucked, there is no advice for this situation

>> No.16196100

>>16195353
Well lets look at it this way.
We're going to assume there's another bullrun around one year after bitcoin reward halving occurs. There is decent precedent for this based on the previous two bullruns.
So that would be May 2021. You have 1k Link. Is it *possible* based on coin performance in the previous bullruns, that LINK might reach an amount to get your ass out of the hole?
It is currently 18 months until our hypothetical bullrun.
18 months before the very peak of the 2017 bullrun, Ethereum was at around 17 dollars, with a market cap of 1.4 billion. When the bullrun hit it's peak in December 2017, Ethereum hit a price of 702 dollars with a market cap of around 67 billion.
Keep in mind, LINK has a lower market cap than ETH's starting point in this scenario, so if everything was equal, we'd be lower during the bullrun too.
Your 1k of LINK becomes 34K if LINK hits a market cap of 11.9 Billion. Is that possible given our scenario? Yeah, assuming circulating supply doesn't change during this time.
Lets say LINK hits a total high during the hypothetical bullrun of 33.5 billion Market Cap. Half what Ethereum did. That puts link at about 95.5 bucks.
So, your stack of 1k link becomes about 95k dollars. Unsure what your taxes are like, but that's certainly enough to get you out of the hole you're in.
If LINK outperforms this, then lets say it hits 50 billion cap. Now you're getting 143k. A happy amount to pay off your debt and have some left over.
This is all assuming that there's another bullrun. But it at least demonstrates that it isn't out of the realm of possibility.
Disclaimer that I'm shit at math and could've fucked this all up, just let me know. I know you faggots will.

>> No.16196116

>>16195440
It can take 2 or more years for those 1k linkies to be worth any measurable amount. You need some kind of a backup plan or start wagecucking for a while.

>> No.16196149

>>16196100
Checked

>> No.16196241

>>16195353
Wage cuck and put all your extra money into link each month until you have 10k link. If it moons before you get to 10k, look for the next thing. Once link is $10 a pop you will never realistically be able to get 10k