/biz/ - Business & Finance

>>17198758
good job anon, keep up the great work

>literally no proof
>not a larp

Pick 1

>>17198758
Based. What’s your main hodling

>>17198758
Well done anon.

>>17198786
BSV of course

>>17198758
Bro, I think its time to cash out some and buy property. There are lots of good resources on the internet. Buy a rental property or two and see how well you do. If it works, keep going. At this point, having some income producing stuff in a less risky asset class is the way to go.

>>17198758
ill pretend this is real
why do you still live with your parents
what did you buy to get there, and when did you buy it?

>>17198806
>>17198806
Shut the fuck up.

>>17198831
seethe

>>17198758
Congrats absolutely based please send me some eth to make it too bb <3

>0x932FD3dC25145a98eDc1Eb671a1C6d710822fF57

>>17198758
>almost 3m this week
Wow op that's a lot of cocks you've sucked.

>>17198806
What was your first purchase in 2015

>>17198786
Eth

>>17198812
I will after the end of this next cycle

>>17198825
I’m still pretty young. Started this when i was 18, 22 now. Planning to move out this year though.

I traded and accumulated eth back in 2015-2016 under $20 and sold most of it off during the 2017 run

>>17198923
Im not OP but I bought a couple hundred BTC in 2013

>>17198929
Badass my dude.

Can we see full graph of your journey?

>>17198758
Nice larp.

>>17198929
You do realize that you can only withdraw a little bit per day, and then you need to pay the tax man. Start exiting a few thousand every day and set aside 30% as taxes. If you don't, they will just lock you out and you'll get nothing. As long as you pay the taxman, its don't ask don't tell.

>>17198934
>>17198929
Pretty cool to interact, since those are the upper limits of profit you could make. Anyone who bought ETH at 20 cents sold at like 30/40, made a killing, but never held til 1k.

How did you all decide to sell/call the top?

>>17198971
You can easily dump millions per day and pay your taxes retard. Big coins have liquidity

>>17199007
I dont know what service he is holding it in, but generally you're only allowed to withdraw a certain amount of cash per day/week/month. Sure, he can sell it on the market, but he needs to move that cash into a legitimate bank account.

>>17199029
>only allowed to withdraw a certain amount of cash per day/week/month
You could probably get that limit raised or removed if you were OP

>22 year old has 12 fucking million dollars

Fuck life

>>17199029
Only if you're some faggot who doesn't do highest level of KYC

>>17199029
>Sorry mr multi millionaire you can only depost about 50k per month in our accounts. Thanks for sticking with us though! :)
retard.

>>17198929
How much capital did you start with, and how did you get that capital at 18?

>>17199044
Even so, usually they are slow as fuck to move money. You think they want you to leave? You think they want to pay out?

>>17199057
Still doesn't mean they will just pay him $1,000,000 cash on a whim.

>>17199068
>what is a withdrawal?
You think these coin exchanges have millions of actual dollars they can just transfer to people? Hint: They don't. They would never let him withdraw $20 million in a day.

>>17198812
If I were OP I would just wait until you can buy real estate with crypto. It'll probably be possible a couple years from now when BTC or some other coin hits $1T market cap and has better liquidity/less volatile. Cashing out that much to a bank account isnt easy and you get raped by taxes.

>>17199097
>Still doesn't mean they will just pay him $1,000,000 cash on a whim.
exchanges want volume you absolute troglodyte

>>17199118
You clearly don't understand. These exchanges do not have cash they can just pay out any time. Whats so hard to understand? You seem to be missing some brain cells.

>>17199129
Coinbase has a 1:1 ratio of USD to USDC in a NY regulated bank account (~$500m)

>>17199129
Coinbase can easily wire 20m you poor faggot
I cashed out 1.5m before without issues FYI

Poorfaggots aren't human. Kys

>>17198923
Bitcoin

>>17198974
Market was in euphoria. Almost all of my family and friends we’re asking about it, all over the news, etc. I knew it wasn’t going to end well. I sold everything between November 2017-February 2018

Stop larping biz, you can withraw up to 10M a day on kraken

>>17199153
How many months do we have left this cycle? Is this unironically 2016?

>>17199087
I worked restaurant jobs in highschool and saved up. Mostly cooked and did some dishwashing. Also had over 10k saved up from birthday/holiday gifts.

>>17199181
Not sure in the short run. I think we’re due for a correction any time now. I’m not selling yet though.

I think 2020 will be mostly a good year for crypto. 2021 should heat up

>>17199293
I’ve never traded to try to acquire more, would you recommend it or should I just sit on my relatively large bags?

Not getting millions is the price I feel like I’m paying for not having to do anything..

>>17199368
>>17199293

Would you recommend trying to Acquire more through trading*

>>17199386
I can’t recommend. If your going to do it though start very small

If the OP is living with his parents and has little income then the rate for long term capital gains is zero, right?

How do you store your keys? If there were a housefire and your laptop, phone etc got roasted, for example, would you be out 12 mil?

>>17199645
I agree with this anon. Go through your due diligence unless you want to possibly neck yourself in the future.

>>17199645
Multiple hardware wallets
Recovery seeds are split in half and kept separately at relatives homes. I keep 1 half of a recovery seed per location (relatives home). I have 2 locations per half recovery seed in case something happens to one location.

Thoughts on Link?

>>17198758
nice larp lol

You made it OP, congrats, if I was in your position I'd buy apartments/houses and rent them out for the passive income. You seem to know what you're doing though so you do you. Do you think any new cryptocurrencies will take massive gains like that or is that over?

>>17198758
Fake and gay. I started in 2014 and I'm only up 200%.

>>17199965
lol I literally have the exact same setup and I thought I was the only person to do this.
I have two copies of the seed split halfways horizontally (1st one) and vertically (2nd one). Spread out over 4 houses

>>17200217
I definitely think we’ll have another bull cycle and new cryptocurrencies will emerge from it.

>>17200321
What kind of cryptocurrencies?

>>17198758
Do your parents know about your gains?
How are you planning to enjoy your 20s?

OP consider kys

>>17198758
Well done anon i hope you enjoy it.

>>17200348
Thinking layer-1 and layer-2 cryptocurrencies do well in the next cycle.

I like Link, hold some and been following it since 2018.

>>17200448
when do you plan to sell ETH? what is your new cycle Level in $? when do you sell LINK $ levels ?

congrats fren you deserved every $ made.

>>17200351
Yes they know about it

I’m planning on travelling to different countries and living in them for at least a month or do. Then figuring out if I’d want to live in any of these countries.

Also want to possibly find a new career/hobby to pursue

>>17200448
>Thinking layer-1 and layer-2 cryptocurrencies

Thanks but I have no idea what this means

>>17200483
Good luck, anon. When I went to other countries all I found out was how dogshit they all were.

>>17200518
Probably because you went to third world shitholes

>>17200472
I think eth could hit $5k in the next cycle.

Link i think around $800-$100

>>17198758
To all the haters OP has already rich parents to some living at home means in a mansion not in your moldy basement

>22 year old
>I was accumulating in 2015
No you weren't you fucking toddler.

>>17200534
*80-100$

>>17200534
>>17200548

Wew lad that's quiet a hefty estimate

Here I am thinking that $50 will be a stretch

>>17200530
Spain, France, the Netherlands and Germany so you're not wrong.

Why havent you sold you absolute retard

>>17200629
Just because people don't live in McMansions and drive gas guzzlers doesn't mean they're poor, fren

>>17200539
My parents are middle class, we live in a normal sized home.

>>17200697
How do you plan to cash out? How did you cash out last time?

>>17200664
It's not about living in mcmansions bud, its about apartments having a washing machine and the stores having a completely shit selection. It's something you won't ever understand until you visit what is wrongfully termed "flyover country."

>>17200737
I never cashed out before.

I’ll withdraw funds from exchanges to my bank account when necessary.

I’m not worried about cashing out as I’m a long term investor. It should become easier and easier to spend cryptocurrencies over time with adoption too.

>>17200808
+pay taxes, find accountant, etc
When cashing out

>>17200697
Yeah you sound like your comfortably in the top 90% of your country.
Bro tip look up the average household income in your region before spewing nonsense

Teach me. I will suck your dick

>>17200483
>Also want to possibly find a new career/hobby to pursue
>career

Imagine having 12 million dollars, and deciding to WORK, kek.

Get rid of the wagie brainwashing, you've made it anon. Might even hit 9 digits this next cycle.

>>17201465
When you sold in 2017 to avoid the dump, did you keep a stable coin on the exchange? You have so much money I'd be scared to keep that much money on exchanges

>>17201465
>starting in 2015

This is key

>>17198974
Larp. Atl was 42 cents.

>>17198758
I can’t believe I missed BTC and ETH when I was browsing this site almost everyday since 2010, congrats OP and fml.

>>17202167
I only want to get to 150k
I still believe

>>17199205
larp
bull shit you saved 30k from working by the time you were 18 faggot
you come from a rich family
shut the fuck up

>>17202627
its possible... but i highly doubt anyone younger than 18 would be able to do it. I can say I had probably earnt at least 25k by the time I was 19, but, I spent 80% of it.

>>17198812

Don't listen to this retard. Never ever ever cash out your Crypto property is a fucking joke. All the boomers are about to die off and flood the market with cheap property and millenials are to broke and stupid to afford any.

If you want passive income start earning interest on all that Crypto with masternodes and DeFi

If I had even half of that Id seriously consider cashing some out for property

OP is one of these dumb faggots who holds forever, also, good luck with taxes

>>17198758
19 year old biztard here starting out with a grand, what advice do you have?

>>17200492
Link, Quant, xsn

>>17199097
>Still doesn't mean they will just pay him $1,000,000 cash on a whim
They literally will. They aren't "paying" him anything, it's his money. The not able to cash out meme is a meme. Just because you can't comprehend millions of dollars doesn't mean people don't do this all the time.

>>17198758
Based and comfypilled

>>17203610
Just wait until everything starts dumping and buy then. Or buy now and be ready to sell pretty soon for a fairly small profit.

>>17198758
Seems like a larp, lmao at all the newfags in this thread. At least show some proof if you gonna brag like that faggot. Proof could be a screenshot of old blockfolio if you don't want to show actual tx/wallet
t. bought first btc in 2013

>>17204159
What about both?

>>17203610
Don't fomo
Don't buy too many shitcoins
Don't panic sell
Don't get emotionally attached
Don't think you can predict what the market does next
Don't try to avoid taxes or even think about them at all before cashing out

This is the best advice you will receive on biz

>>17201420
>>17202627
Family net worth is
about 3m.

>>17201564
I want to keep myself active. I work for pleasure and fulfilment, not to earn money.

>>17202109
Held USDT

>>17204255
it is possible surely to avoid taxes, there must be some working loophole

Congrats anon, I’m really jealous of you and the freedom you now have. I hope you get to travel the world and spend time with people that love and care about you. Don’t forget to invest a portion of your cashed out cash into stable dividend paying companies like 3M, Pepsi, CVS, TI, and others. Good luck fren

>>17204255
200 bucks in btc
1 ETH
1 BCH
2 LTC
20 pinkies

Rookie numbers for most of the people on this site but considering I'm a college kid w not much to invest I'm going to make more than just having it sit in my bank account

>>17204550
>I want to keep myself active. I work for pleasure and fulfilment, not to earn money
Nice, you sound like a smart guy, unlike all these neets fantasizing about never working again. How about that old blockfolio screenshot from 2017.

>>17204639
It isn't, and focusing on thay will only distract you from making more money

>>17205003
That's a nice starting stack anon. PNK has potential. Xcm possibly too

>>17204639
Not worth it unless you want to exile yourself from a lot of nations or you can hire a tax lawyer who only has a handful of clients

>>17198806
wait you seriously hold bsv?

>>17200548
By when 2022-2023 im guessing?

>>17204550
>I work for pleasure and fulfilment
>Doing things to make some other guy rich is what brings me fulfillment

You've really been brainwashed hard into being a wagie, you need to break out of that.

Unless your "career" involves "working for yourself" things like photography, or 3d design/model creation, or being a solo programmer releasing your own hobby apps etc.
That's fine I guess.

>>17205133
>unlike all these neets fantasizing about never working again
I've made it, I'm retired from various earnings (mobile app, online business, 2017 crypto run).

I tried maintaining an online business, the niche is my hobby, it's something I used to enjoy. But dealing with customers directly, complaining or making dumb or unreasonable requests 24/7 is just as bad as waging.

I still run my online business but I stopped all marketing. I now basically check on it once a day, keeping it running just for my loyal customers (after all, they basically provided all my capital for 2017 crypto).

>>17198758
Why havent you cashed any out?

>>17199293
2021 is going to be insane.

It’s funny seeing all these idiots say 2020 and 2021 will be a big year. This will dump along with the stock market which is on its very very last leg. Stock market will go parabolic then dump 65%. All these shitcoins including link which will go sub 1 dollar will go along with it.

It’s like nobody remembers when btc touched 6k then back up to 12k twice before crashing to 3k.
This time around we are barely hitting 10k. You brainlets never seize to amaze me.

i did this but with NVDA

>>17206564
>>17206600
Nothin sadder than a tripfag coping

>>17206564
>>17206600
Cope

>>17206600
Bitcoin will never be 3k ever again.

>ITT: brokedick newfags that fall for faggot OP's larp

>>17198758
Congrats bro. Maybe it's time to take some profits and invest in other assets (if you haven't already)? You're set for life now if you cash out. It would really suck if crypto crashed and your porfolio went to <$2MM (don't think it will happen, just saying..). Either way, good luck!

ds

>>17204159
Why not just buy now and accumulate until 2022 and then sell? Who cares if it dumps between now and then?

>>17206895
IYHO, what price bracket will it have in the next dip? I'm going to buy some in the next months.

>>17200808
Where do you live?
Crypto to crypto can be taxable.
Or going to fiat on an exchange definitely is (which is kinda BS since its not real dollars) really think things through.
Perhaps go live abroad when you decide to do so. Switzerland for example.

>>17198929
>after the end of this next cycle
If all goes well, that will be a couple hundred million dollars anon.
That is not just fuck you money, that is influence the world money.
There are many causes that you can focus on to make this shithole a better place.
The world is ruled by money, but also money that is spent wisely.
Look at Soros and what he does with his lousy 20 billion.
Ok you cant buy rioters and try to overthrow governments to install your commie globohomo state but you can definitely make an impact somewhere. Think about where that place is that you'd like to impact and how.
One of the least biased things I would do is buy up start ups with great ideas like 'the great bubble barrier' it's a super cost effective way to get rid of most plastic in the oceans, it just needs to get a boost imo.
It can probably be bought for just a few million.

>>17208239
t. The great bubble collector inventer

>>17198758
>Rogers

You're claiming profits in hockey money. Literally worthless. Go drink some Tim Hortons and fuck a moose.

>>17200483
youre gay arent you? be honest its ok im not hating on you. it seems like fags make a lot of good financial decisions

>>17198758

>>17198758
If this is real, congratulations, anon. I started with 150€, now I have 1700. We all are going to make it.