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20736095 No.20736095 [Reply] [Original]

24
NEET living at parents basement
folio recently hit 7 figures
dropped out of un
i literally just stay home the entire day, smoke weed, 4chan biz, youtube, video games, order food.

i don't want to cash out anything until 5-10m at least

Taxes are going to be a pain. i originally got in 5 years ago, and day traded quite a bit. Hopefully compounded fees won't kill me since I didn't trade with a substantial amount. (made most of my money this year)

any advice?

>> No.20736126

>>20736095
renounce US citizenship. it is not the best country in the world.

>> No.20736155

>>20736095
holy shit get a job and have sex you incel
and yes im a buttblasted wagie

>> No.20736265

>>20736095
i wouldnt be surprised if this was true, just trading tulip bubbles and with some luck

the stock market is volatile enough, I think 200k would be enough for me to retire, 1% movements = 2k, live off of that for a few months

>> No.20736267

>>20736095
unironically hodl. fed is on hyperdrive printing. its peak fed clown world. they literally print trillions now. kek. what a fucking joke. zimbabwe here we come

>> No.20736276

>>20736095
>taxes are going to be a pain
You will come to realize that this is the biggest understatement of your entire life
If you haven’t been on top of this the past five years, you’re completely fucked

>> No.20736330

Cash out 50% into bitcoin, buy your own place, lose some fucking weight, and live that NEET life until your 500k in bitcoin is enough for your children and your childrens children

>> No.20736331

>>20736265
Off course it's true.
.t 31, half way to 8 figures.

>> No.20736375

>>20736126
canada

>>20736267
thinking something similar

>>20736276
how big of a nightmare is it? what is the most difficult part of the process?

>> No.20736382
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20736382

>>20736155
>holy shit get a job and have sex you incel
kek, go back basedboy

>> No.20736438

same position except 6 figures and have gf

>> No.20736448

>>20736095
Are you me?
Just hit 7 figs yesterday, but I’m from a third world so as soon as BTC consolidates, I’m out.

>> No.20736469
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20736469

>>20736095
its your time anon.

take the thailand pill and live in bliss for the rest of your life. gotta admit I'm pretty jelly. Any advice for an anon with 10k spread between BTC, ETH and LINK?

>> No.20736483

Dont you pay your parents anything?! Jesus Christ

>> No.20736564

>>20736375
Oh anon. You realize if you owe six figure taxes you’re paying % interest and penalties on that? It’s not a flat rate it’s a percentage of what you owe the government that’s compounding interest against you every year. Find a good crypto accountant they take a small percentage of what they’ll save you. Hire a crypto lawyer do due diligence and show that you want to remedy the situation. You don’t want to become a fugitive 2021-2022 when the tax man harvests the crypto NEETs

>> No.20736666

>>20736469
Lower your expectations. Hope to have $100k by 2025

>> No.20736698

>>20736564
Yes I am a bit scared

For the first 4 years i traded, but i don't think i realized cumulative profits of over 100k. So I don't think I owe too much for the first 4. (but then again, i may be forgetting something, and my profits may be much higher)

10 months ago my folio was 40k, so most of it was made this pats year

>> No.20736745

>>20736564
Thank you for the advice.

So i need both a tax accountant and lawyer? Not just an accountant?

sorry - literally clueless about these things

>> No.20736812

>>20736698
> 10 months ago my folio was 40k, so most of it was made this pats year

The fuck did you invest in anon? All in on a few coins or spread across?
Also investing and holding or day trading?
I wouldn’t mind getting out with a few more $$$ any tips?

>> No.20736932

>>20736812
This is a LARP post until OP posts her proof. So tired of these faggots and their fantasy posts.

>> No.20736943

>>20736932
>her

>> No.20737067

>>20736812

almost all in tezos when it was under $1 late 2019
almost all in ewt when it was $4
almost all in ampl when it was sub 100m mcap

investing and holding, day trading is suicide

>> No.20737202

>>20736267
you do realize we're heading towards deflation and not inflation right? currency creation is only a piece of the puzzle, you also need high velocity of money to have inflation, which america doesn't

>> No.20737347

>>20737067
Yikes, even when I know about a project having high potential and is at a discounted rate, I could never go all in.
I was eyeing nano as the biggest sleeper just waiting to go bananas, but it never happened.
How do you find your small set of winners?