/biz/ - Business & Finance

What did you invest in

>>24583496
>no product or use behind them
Let me show you a little coin named XRP and its little brother XLM

>>24583496
Except I am and I have already.

I'm up 33000% in 4 months

>>24583533
here is one of my large cap portfolios

>>24583533

here is a semi-conductor / biotech one i put together a couple weeks ago. Already an 8% return.

>>24583496
Why, Anon? Why, why, why? Why do you do it? Why not sell? Why keep trading? Do you believe you're saving for something? For more than your survival? Can you tell me what it is? Do you even know? Is it freedom? Or truth? Perhaps peace? Could it be for love? Illusions, Mr. Anon. Vagaries of perception. Temporary constructs of a feeble human intellect trying desperately to justify an existence that is without meaning or purpose. And all of them as artificial as the Blockchain itself, although only a human mind could invent something as insipid as love. You must be able to see it, Mr. Anon. You must know it by now. You can't win. It's pointless to keep trading. Why, Mr. Anon? Why? Why do you persist?

We shall see sir. The answer basically is i dont see any stocks worth buying

If no larp congrats kid but you should still allocate a few % to Btc

how do i /into/ investing into companys?

>>24583496
I’m up 300% this month

>>24583907
I'm in a cryptocurrency hedge fund called CryptoLotus. Watch for MobileCoin. It has an actual use and will have a built-in userbase of millions of people.

>>24583904

Take a look at TWST. Very solid bet.

>>24583570
>XLM
what the fuck isn't it on gemini?

>300%
isn't that because of covid? what did your returns look like in previous years?

>>24583969
what about CRISPR?

>>24583969
Oh god im so bored. Help

>>24584016

covid was an epic event, and by having stocks as securities, i could get loans against their value to buy more stocks. So I took out a $800k loan and went hard. Return in previous 3 years averaged around 32% by focusing on large cap cloud.

>>24583834
You really should look at SAVA

>>24583782
Disney has gone up 15 thousand percent since you bought? Jesus

>>24583496
join @ChadLounge on telegram

>>24584022

Looks good, has a projected sales growth of 410% for next year. However, last two quarters of QoQ Revenues were -50%, -86%, and the projected revenue for this quarter is -100%, so the projection isn't nearly as bright if the revenues are coupled to the earnings.

>>24584078
Numbers on SAVA look good except it is micro capitalized, and the charts beyond 1 year have me worried.

>>24584044
>averaged around 32%
that's not bad but i think people are in crypto for faster gains than that. i could see how a safe 32% is appealing if you already had a lot of money but not very useful if you're poor and would make that much from a few shifts at work anyway lol. that seems like a great power play you did but i don't really know much about how volatile stocks are especially when the future of the economy is uncertain. how risky of a gamble was it to do what you did?

>>24584197
Didn't feel risky. I priced them against their pre-covid value, and realized the 2 trillion bailout was going to go to big businesses, and the ones i picked were large cap so they were going to feed from the federal trough and come back strong. And they did. Made a few lambos on amazon alone.

>>24584197
Buying cryptos is like buying lottery tickets: they're losers, and designed to fleece the desperate from their money. Blockchain itself is a solution looking for a problem to solve and there are few that it can do better than a normal ledger because people don't tend to do business with untrusted / distrusted parties. Where cryptos work great: chain of evidence / tracking, land / asset title, cybercrime, and drug deal.

I get the desire to get rich quick, and that is what the scammers running the shitcoins are depending on. They win by keeping you poor and desperate. Just look at all the coin shill post in /biz/, all ready to hype you up and separate you from your money. Stocks are SEC regulated and audited and run by zillion dollar firms that aren't going anywhere. Sure, your growth isn't going to be astronomical, but that is how everything starts. Fifteen years ago I was broke, but by the power of growth and compounding, I win. If someone had kept stealing my seeds, like cryptos do, I would never be where I am now. I'd want you to be just as successful.

>>24583496
Whats your opinion on the “great reset”
I think its a nwo wetdream that will never happen.

>>24584460
I don't feel I know enough about it to have an opinion. However, I will say that no western government is going to be able to take my money with a wealth tax. That doesn't happen to the wealthy because they have power. It will fleece the middle class and lower. The wealthy have structures and schemes and tax shelters to prevent their wealth/power from being depleted. In other words, the master's tools will not unmake the master's house. I will not be eating the bugs.

>>24584460
Great Reset was some optimism copium by economists going "guys we can totally reformat our economy and actually address climate change!"

Then conspiratards saw it, slammed BILLIAM GATES into it and created a new boring conspiracy

>>24584575
THEN WHY DID THIS GUY SAY THIS:

>>24583864
Because I choose to.

>>24584575
The only way we are getting to a post-scarcity economy is by unlocking fusion energy. Once we have fusion, that means unlimited power. What were the most inefficient chemical reactions are now irrelevant. You'll be able to desalinate ocean water, remove CO2 from the atmosphere, refreeze the ice caps, and turn the odometer on the planet back to zero. We desperately need fusion if we want to solve inequality and scarcity. As things currently stand, AI is poised to wipe out the global economy from a workforce standpoint. And with us unlocking the human genome, we have human immortality within possibly our lifetimes. We live in the most dangerous time ever, it is easy to see from that the solution to the fermi paradox is self-extinction.

>>24584361
Hi anon, congrats on your stock portfolio, just want to say you're not wrong about most of crypto being worthless but your little rant is also a textbook boomer rant who's focusing too much on the scams but not taking the time and effort to see what's going on in the blockchain space under the radar.

Are you at all familiar with the concept of smart contracts?

>>24584698
I only have 1.1 million net... i fuck around with crypto but just let JP morgan bois increase my portfolio every year. Aigmi?

>>24584698
>it is easy to see from that the solution to the fermi paradox is self-extinction.
>the solution to the fermi paradox is self-extinction.
>the solution to the fermi paradox
HAHAHA

>>24583496
Fear of missing out on the next btc, eth, antshares. And some of us are poor and stupid. If I had the balls I would have already made it.

>>24584707
I am familiar with smart contracts. I have a background in infosec/cryptography, and was watching them before blockchain was even an idea. The problem with smart contracts is they are based on security designed by humans. Any system designed by humans can be defeated by humans. And they have been. I appreciate the boomer sentiment, but I think I'm still counted as a millenial in my late 30s.

>>24584754

Nah, I worked at JPMC for a few years. I wouldn't trust them to have your best interest, they only want your capital under their management so they can have their 2 & 20.

>>24584815

Early blockchain was a lightning strike. You could have been investing in beanie babies. I've got a few friends that are in 9 figures on crypto. Not because they are savvy traders, they are infosec/crypto guys who were there when the faucet was turned on. Shit, I had BTC back when it was $17 per coin and my roommate paid me rent with it. Am I crying now? No. I made 4x on it when I sold it. Nobody thought it was going anywhere, just like the next big lightning strikes aren't going to be obvious either. Expending your time and money trying to be lucky is doing yourself a disservice because dedication and intelligence are your largest predictors of success.

>>24584846
Any other firms worth it? Thanks btw.

>>24584846
>>24584943
You have your thing going on but all I can say is you should update your knowledge of the space because you're talking like it's 2010. Quite obvious you're not a regular here or you'd know a lot of us here on biz actually called what you would call the third 'strike' 3 years ago. It's a bit embarrassing seeing you trying to flex but coming here as a tourist ignorant of what happens here.

>>24584966

np, anon. I use morgan stanley, but that is because I have enough funds now that I can borrow money with them at mortgage rates. Borrowing at 1.5% over prime while my stocks are growing and giving me more leverage is like free money. I would pick something where you are paying the least. Get up a few thousand dollars and see if they will open a line of credit for you to collateralize your securities against, then you have leverage without having to be lucky on options. I don't get my financial advice from those idiots, they are there to sell a product and collect fees, and I'm not in the getting fucked business.

>>24585027

Fair. I also don't expend effort on studying roulette strategies either. At the end of the day, you're overlooking that there is no valuable asset behind the coins, and unlike the dollar there is no military might to back up the perceived value. I simply don't have faith in cryptocurrencies that don't meet this basic checklist:

1) Does it operate better than a malleable ledger?
2) Does it have a real-world use or asset backing?
3) Does it have a large enough userbase to justify the capitalization?

If you don't have a "yes" to all three of those, you're not investing, you're gambling.

>>24583496
Like half this board got rich off of crypto. What are you even talking about?

>>24585266
fuck em. OP is clearly a boomer that posted in here to brag, not to help anyone.

if he took that shit to wallstreetbets, hed get torn apart by college burnouts that made more $ in this artificial V shaped recovery with their monthly student loans kek

>>24585236
Lol
OK boomer

>>24583864
the jews will take your money through inflation.
you need to keep investing or you will get fucked by them.

>>24585266

survivor bias. 80%+ of ICOs are scams, virtually all cryptocurrencies are failures. SF is littered with people who ruined themselves with cryptos.

>>24585327

Not sure what help you want if you are praying at the temple of cryptos. If you're looking for tips, I've already told you I'm invested in MobileCoin, it should begin trading on exchanges soon. Watch it or don't, it's up to you.

>>24584846
>late 30s.
that's gen x you larping fucktard

>>24583834
>chastises people for shitcoins
>gambling on pharma
kettle meet pot

10/10 MCPC shill thread

buying now

>>24585236
I think ETH ticks the boxes for all 3

1 and 2: Stablecoins (like USDC) are gaining traction and are going to be used by visa. stablecoins have the advantages of crypto without the volatility, and all of them are issued on ethereum pretty much. There are other cool things happening like DeFi and NFTs and DAOs. For example, right now I can open a margin long on ETH on decentralized markets like dydx and I can trade between ETH and a ton of shitcoins and stablecoins with a single tx on Uniswap. Granted there is some friction with tx fees but ETH 2.0 will fix that as well as make ETH a bond like asset, meaning investors can get interest on their ETH for helping secure the network.
3: 1 million users now have a browser extension that lets them fuck around with this ecosystem. the number of users that use eth is probably much higher than this number. Visa is also going to allow USDC payments, and USDC is on the ethereum network.

BTC also satisfies all 3, but I guess to a lesser extent as its only purpose is to allow people to send money trustlessly.
1 and 2: Yes if you are trying to send money internationally. Try sending some guy in Russia $100k with traditional banking, it takes forever and you get raped with fees. With BTC it happens in 10 minutes and you pay like a few dollars in fees. I used to buy crypto with fiat online, and it was always easier for people to send me crypto than for me to send them fiat, especially if they live internationally. Also, BTC is a store of value and has the highest security out of all the chains.
3. A shitton of people own bitcoin now, and grayscale and hedge funds are buying tons of them.

>>24583947
larp, shill, or retard? fuck off regardless

>>24585236
Moron fucking boomer. And to answer your retarded question already because you can routinely make 100x in crypto inside of 6 months you moronic boomer faggot. No one gives a shit about your 4x over 12 months in a year with a black swan in it. LOL. I've made a 3.5x in the last 48 fuckling days and thats with the DeFi bubble completely popping. But sure we are just playing roulette here. Meanwhile I made a 133x in 2017......but yeah I'm just the luckiest person in the world!! Fucking faggot.

>>24585431

gen x ended at 1980. i'm unfortunately a millenial.

>>24585465

Yes, you are correct on all points.

>>24585454

MBCC shill. I don't think the ticker has been officially announced yet. Probably in the next couple weeks.

>>24585541

Nobody said you can't make money gambling. But that is also how you lose it too.

>>24584846
> I have a background in infosec/cryptography,
>The problem with smart contracts is they are based on security designed by humans. Any system designed by humans can be defeated by humans

Absolute retard boomer take from someone who knows nothing about the space. Ohh really you mean a companies security is literally contingent on the ever faulty human element? Ya don't say. Meanwhile the cryptography behind blockchains are air-fucking-tight you moron. Legitimate coins and smart contracts get audited. It's 2020. The space has evolved. No one is hacking ETH in 2020. No one. You have a better chance hacking into the US Government and all major banks across the globe you fucking retard boomer. tech moves fucking fast. Good talent goes to find interesting problems to solve and lots of money. That's why retarded boomers like you can't grasp the concept of disruptive change or emergent markets.

>>24583666
Tell more.

>>24585586
So you agree that BTC and ETH aren't gambles?

I'm personally like 100% invested in BTC and ETH because im a poor zoomer who's just gotten out of high school. it's my only chance out of the wagecage and if i lose it all it doesn't matter that much because im still young.

>>24585236
>prime + 1.5
anyone can borrow from aave for that much

>>24585625
>No one is hacking ETH in 2020
You could social engineer Vitalik. A hot intelligent woman could probably completely control him and thus control development, the foundation and the integrity of the chain.

>>24585586
Yes I am gambling, sure thing retard. I'm sure I could walk into any casino and routinely year after year make 20x. Sure thing bud! Fucking retard I swear. You would think someone who plays in the markets wouldn't go to that gambling garbage that normies go to as if I'm scratching lottery tickets or throwing dice. As if there isn't an art to flipping shitcoins or penny stocks. The ppl who bought BTC in 2011 and sold after a 100x are gambling. The guys who routinely string together 3x- 4x-6x and keep compounding and reinvesting and trading year long every day no breaks, those fucking guys aren't lucky you faggot no matter what you tell yourself. You just don't have the stomach to trade in crypto cause you would lose your shirt.

>>24585665
No shit. But that's true for every digital system on the planet. Including the NSA. It's such a pathetic boomer argument.

>>24585665
Hes gay you retard

Just start with 1 million dollars and take out an 800k loan you stupid poorfucks. How are you so dumb and filthy? Making money is EASY.

Lol what a fag. You prolly started with 100k or something from your dad. Larper. No one gets rich from stocks, you need huge capital to make money. Youre such a fag

>>24585628

I don't think they are gambles, BTC and ETH are investments. I can't tell you which way they are going to go but my bet is upwards if I had to guess. Paypal and hedges jumping in really lowers the barrier to entry to the uninitiated. You have the right mindset about being young and scattering your seeds in good soil. Just don't bet the farm on it and start earning regular returns. I would also recommend a book my father gave to me called Richest Man in Babylon. The essence is to set aside 20% of your paycheck to pay yourself first, and to set that 20% to earning more money for yourself without succumbing to the pitfalls in the book. It is outdated in as much as you can't earn compound interest on deposits anymore, but that doesn't mean you can't invest in stocks cryptos or business for yourself.

>>24585691
Not true for Bitcoin. Every minor detail is argued for years.

>>24583496
>You're never going to get rich on cryptocurrencies

And yet... I did.

>>24585700
Lol this. These larpere trust fund babies think they can impress us. We know your fkn dad or idk your family gave you a "small loan of 1M"....stfu gosh i hate ppl like that and faggots ITT fall for this shit

>>24585665
do you think vitalik even cares about sex?
this guy is literally codes every day and he probably jacks off to c++ every day
>>24585705
based, except I don't really spend any money because im cheap. also learning blockchain programming because it seems pretty cool and I honestly wouldn't mind being a code monkey and working for ethereum for fun

>>24585703

My gift from my father was no student loan debt. Probably one of the greatest gifts you can give your kid these days. My ex wife is saddled with 80k in student loans and she is a stripper now. :/

>>24585700

I got very lucky with an app/service i developed while in college, and went on to parlay that into about 700k over the next few years. I did put a large chunk of it in a trust that i could make investments through. It took me seven years to get my finance undergrad degree.

>>24585705
What is mobilecoins ticker?

>>24585862

I think they said going to be MBCC when it becomes publicly traded on the exchanges. The hedge i'm invested in is about 30% mobilecoin. I'm excited because it is the first coin i can think of that will have a real world use that i'll actually use everyday.

Time for bed soon, I'll be on for a few more minutes if anyone wants to call me a shill or faggot get them in now.

>>24583834
>2 weeks for 8%
Holy fuck get the hell out of here

>>24585908
idk this coin sounds like a shitcoin. why do you think it's good?
it sounds like one of those centralized low fee """"cryptos""""

>>24585954

There is a good chance you already have the app on your phone that it will be integrated with.

>>24585586

>2 weeks

go back to /pol/ LARPing faggot

>>24585968
i googled it and it just seems like a shitty knockoff of something like XRP, which has cheap transactions but is centralized.

>>24585986

I don't have control of when it gets released. Save the thread.

>>24586007

Take a look at who is behind the tech and decide for yourself if you think he makes shitty stuff. I wish you the best of luck and hope you strike it rich.

>>24583496
How do you pick the stocks and how long is your typical holding time?

>>24586057
Recommended reading material for becoming a good investor?

>>24583496
>300% gains
That's nice dear. BTC is up 6300% since I bought six years ago. I doubt you got that 300% return each year for six years; did you?

>>24586990
>Rich dad poor dad

Next year is going to ruin your day OP

>>24583947
shills a scam and it goes undetected, 2/10 larp

>>24583666
this I'm up 17,000%
>>24583496
300 is a joke, i made half of that in 8h

>>24587442
not that shitty fiction...

>>24583864
Because lambo.

>>24583496

>300%
Don't pretend like that's a normal yearly yield for you, that was only possible due to the corona crash and the mega stimulus.

also, Nu gained 300% in like a day.

Where did you learn to invest, i would like to stop investing in fake internet monopoly money

>>24585703
100k to 5 million is great!

>>24585823
what was the app anon, im curious

>>24583496
going to the moon not the stratosphere

>>24585908
You are based and informative, thank you for taking the time to elevate your fellow chanfags

>>24585908
This thread is just a clever pajeet ruse to buy this shitcoin "I am rich and have made good choices, oh btw guys I am investing in this coin".
Well played, 10/10 for effort.

>>24588866
How does one even start something like that? I have not a lot of capital and can't code so I couldn't pay someone to do it and can't do it myself. I have two ideas that are in niches that haven't been hit yet but are massive money makers. Need an app and a good website probably.

SEETHE
if
anyone
questions
computer
magik
money

too 2 sensitive
WOKE TIER
SNOWFLAKES

>>24583782
>>24583834
>investing in fiat denominated tax evasion forefronts
kek

Nice anon keep it up proud of you

>>24583834
>Already an 8% return.
8%.OMG, you must be master investor AHAHAHAHAHA

>>24588661
>>24588866

You don't need an app, you just need a job and to live within your means and pay yourself first. Even with my app that came out to like $125k/yr.

Normal for me is 25% - 40% a year. Let's say you're 20 now. If you make let's call it $80k per year in a normie job, and put aside 20% of your income for investment, that is $16k per year to play with and you never get a better job that allows more savings.

Now let's say you invest in stocks, and focus on making 40% per year. In 10 years, when you are 30, you will have $1.2m, in 5 more years you'll have $6.2m.

Even at a brokefag income level, it doesn't take long to hit critical mass as long as you are consistently setting money aside, not eating your gains, and not investing in shit that gets wiped out. For example, let's say the coins crash. You lose 70 - 100% of your value. Bummer you're wiped out. Now let's say you're investing in american companies, and that market crashes. Even in a catastrophic event you only lose 30% of the value, and that will come back within a couple years if you can hold your breathe.

Notice all the guys in this thread talking about how they made 300%+ last week. Cool story, how much did you lose all those other times? Can they reliably produce those results? Because if they could you would be a billionaire in under a year. But they can't, they are on here investing in shitcoins trying to get lucky.

>>24589057
>>24588846

I consider myself still learning and I'm an idiot about this stuff compared to day traders. I don't do options, I don't think I'm smart enough or have insider knowledge on most events, and I'm not desperate enough to try. Firstly I would avoid forex and "investing" tutorials offered by trading platforms. The education those trading platforms put out is horrible, the are training you to be predictable to them so they can wipe out your money because they secretly are on the other side of your bets, and they manipulate the platform so you lose your money. OK now that i've told you what not to do ...

I would say if you have an employer that offers 401k and matching take advantage of it and start following the market and watching where the returns are. You'll need to be plugged into finance news (motley fool, marketwatch, simplywall.st, scott galloway) and gain a little financial experience. Start small, get comfortable with doing an investment and not touching it for a year unless there is a catastrophic event coming. Let's say you start with 5k of savings. Pick 10 stocks you like, and distribute it accordingly. Watch the stocks, and re-evaluate at 1 month, 3 month, 6 months. Get rid of the losers, restack that capital onto your winners. Hold on to the stocks for more than a year so your tax rate drops to capital gains rate (20%), sell losers to reinvest to get on faster upwards moving elevators, and don't sell your winners if you can avoid it because then you have to pay taxes on your winnings. Leverage your winners to get more capital, never sell if you can avoid it.

The objective is 1) keep your money earning more money 2) leverage not more than 25%, because your margin call is at 61%, 3) do not touch your principle ever. If you need money to spend like for a house, take out a loan against the value of the investment. 4) Your cost of capital from a loan should always be much lower than your rate of return from investing.

>>24591081
>Normal for me is 25% - 40% a year
This is nowhere near normal. How the fuck do you have a finance degree and at the same time seriously believe you can make these kinds of returns over the long term. If you actually managed to make 40% a year you would be opening up your own fund and have investors begging you to take their money. Fucking lmao. And yes we can all ignore these idiots talking about 300% a week because that only lasts for a brief window before they see -80% losses again.

I like your thread, but this statement was just extremely retarded for someone with a finance background.

>>24583496
In the crypto world 300% gain is shit. 300% is what happens to us when an investment doesn't pan out.

>>24583496
good work. shitcoins are for poors.

>>24583782
>>24583834
what platform/program is that anon? very interesting

>>24583496
kek Zimbabwe stock market was also hitting all time highs as their currency was going into hyperinflation.

>>24591430
US companies are basically taking over the world. google, apple, amazon, netflix, etc

>>24591402
MS Excel

>>24591292

You are absolutely correct, it isn't normal, it is amazing compared to big hedge funds, but I'm not investing in index funds like the big boys do, and only making 15% like the big boys do. My risk tolerance is a bit higher, and I invest in what I know. In doing tech, I know what products and vendors my employers use and can see where those are going. Let's say you were just watching Cloud industry. It has a combined annual growth rate of 40% for the last 5 years, you could blindly throw darts at cloud and be a winner. I don't have to be lucky, just a little smart and use a pilot fish strategy. I go where the winning industries are, and pick my winners based on their quarter over quarter revenue growth, returns, and financial health. My semiconductor/biotech portfolio above is a little volatile, but the winnings will be excellent and the losers i'll cut out over the next 6 months. That biotech/semiconductor portfolio alone should do 250 - 400% within a year. just go ahead and take that portfolio and create a dummy one for yourself and forget about it. Come back to it in a few months and see where it went.

>>24591402

I use StockRover for screening/watchlist making/research. It's fucking awesome. You can make your own custom metrics and they populate it with all the financial data.

Attached image is a screener tab i created that I use to evaluate companies for investment, incase you want to duplicate it.

Lol are you serious? Can't wait for you to FOMO in next year when everyone is talking about it.

>>24591571
>pick my winners based on their quarter over quarter revenue growth, returns, and financial health
Any good place to quickly learn how to do this?

I’m sick of getting memed in crypto and want more investments where there are tangible companies on the other end

>>24591571
My post came off a bit hostile, and I guess I was being too harsh because obviously it is possible to make higher returns in specific sectors, I just find it hard to believe that anyone would be able to pick the overperforming sectors consistently. This mentality is really hammered into my brain after I too got a finance degree.

>just go ahead and take that portfolio and create a dummy one for yourself and forget about it. Come back to it in a few months and see where it went.
I'm going to do that anon just to see how it performs. To be honest I don't know much about cloud or biotech. What about your other portfolio, are you planning to make any additions to it or are these still the top cloud companies in your opinion?

>>24591794

StockRover. Duplicate my above screener tab. Get familiar with it by creating screeners, filter that down to a watchlist, filter that to pick your investments, revisit those investments at 1 month, 3 months, 6 months, 1 year. Try not to watch it daily if you're anxious, you'll make yourself crazy.

You'll notice one thing in common with all my picks if you put them on a graph: upward trending, relatively stable and consistent growth, and avoidant of bad histories. I don't want to invest in a stock that is at the same place it was three years ago, that is waste of capital.

>>24591871

Academia is just as jaded. If the finance professors actually knew anything about investments they wouldn't be making $100k/yr in academia, now would they? Don't let them tell you 8% is a good return and that you can't consistently out perform the market. My strategy is growth stocks with mid to high capitalization. I'm not here to invest in dividend-paying blue chips, or companies I believe in, just ones that perform reliably and to try to be a little smarter than lucky.

I pick losers too, and I miss winners. I missed Cloudflare when it first popped, but I'm sailing on that ship now. But you can always cut your losers, and restack that capital onto your winners, and then take the minor losses as a K1 to offset your taxes owed.

>>24591871
Also, from that portfolio I'm going to cut DQ, JD, and OIIM, you can leave those out. I'm also going to add in NET and FTCH.

wow this is next level shilling, even making fake trades and photoshopping it to make it look real so you can shill your shitcoin

>>24591978
>>24592011
Thanks anon, I'll try to keep a more open mind

>>24592231

Totally. This larp is extremely well backstopped. I spent years and millions in setting this up so I could make thousands in cryptos to shill for a token you can't even buy.

>>24583496
>He thinks $5m is rich.
kek, relatively poorfag stockcuck coping.
t. 2012 BTC early adopter

After paying capital gains, you can't even afford a decent house in the rich gated community where I live with only $5m, faggot

>>24585385
>MobileCoin

thread is whack
imagine allegedly having a $5m portfolio and writing 29 long ass posts on a mongolian yurt painting irc channel

>>24592591
>>24592668
Sign with an address from 2012, nobody cares about your larp otherwise.

>>24592668

The tax rate on day trading cryptos is twice what I would pay in capital gains. And I don't pay capital gains, I keep the money invested to leverage further, didn't you read this long ass thread? Also I'm looking into reincorporating the trust outside the US to avoid paying capital gains altogether if and when I do want to take a disbursement.

>>24592591

I would wager the majority of people here want $5m, and don't have it. Otherwise they wouldn't be glued to this board and rabidly gambling on longshots and hail marys. Those who have made bones on early cryptos just hodl and don't need to be here. Just a thought. :)

>>24592830
>Those who have made bones on early cryptos just hodl and don't need to be here. Just a thought. :)
most midwit thing you said all thread

>>24592878
None of the bitcoin billionaires I know use /biz/ lol.

Stockcucks don't hold the private keys to their assets. They lack self sovereignty and global reach.

>>24592830
Contrary to popular belief, early adopters have more time to post on message boards.
We don't suddenly change our habits just because we are wealthy now (actually wealthy, not $5m chump change)

>>24583935
Open an account with an online broker for $25k

>>24592928
>bitcoin billionaires

>>24592929

That's very fair. The gov can seize it at any time. But then again, I pay my taxes owed and can spend my money in the sunlight.

>>24592961
>>24592668
This is how broke people think rich people talk.

>>24583496
>up 300% in a year
>comes on /biz/ to brag about it

I'm a millionaire too faggot and I'm up 1200% this year trading cryptocurrencies and options like a degenerate. Most anons here are. Take your low testosterone advice to reddit or some boomer forum, we don't give a fuck

Also, enjoy paying taxes on your stock gains like a cuck. I haven't paid a penny on nearly 2 million in gains

>>24592989
yeah there never gonna be a billion bitcoin maybe you can still get a billion sats

>>24583969
Should I buy now or wait a little?

>>24593044

Check the 5y graph. Growth stock. Buy now. It doesn't seem to have any downward volatility.

Thread Theme: https://youtu.be/45_vgTv7_xE

>>24593301
<3 after the track was done it autoplayed here next: https://www.youtube.com/watch?v=0vnXH18FMoc

fucking awesome boomer hiphop instrumentals, thank you this will be my morning jam.

>>24583496
>300% this year
???
I've been doing this at least once per month thanks to scams since June

>>24593560
Lol I'm vibing out to it too.

>>24583782
How are you making those numbers? 15000% on dis?? call options or did you invest 100 years ago

>>24583782
>>24591664
Thanks for sharing op.

I'm not getting out of the crypto game just yet but this should come in handy down the road

>>24583947
>MobileCoin
I've been waiting for this one since 2018 I believe, seeing as it's made by the guys behind Signal and stuff. There's been a lot of scams and fake sales but I'm expecting announcements with bated breath.

>>24592961
Contrary to popular belief, proving that you hold the keys to even a single btc address from 2012 is very easy if even half of what you said was true. I bet you can't even tell me a single thing that someone from 2012-13 would know but a newfag wouldn't.

>>24593019
No proof

>>24591292
I'm a literal noob in the stock market and I managed a 30% return this year despite the covid meme
I have some stock dividends that have been paying religiously for decades and they cover all my bad calls

>>24583782
It is easier for a poor man to enter the kind dumb of hell ban than it sis for a ritch man to geddinto heaven>>24593880
Music is my religion!

>>24593779

Hundred years ago. This was a $1k stock gift from grandad when I was like 4, cost basis was $3 per share at that time.

>>24593813

Dude me too. Let's see if it goes anywhere.

>>24593833
Kek what proof are you expecting faggot?

Yeah let me just log in to the 4 crypto exchanges I use, my trezor, ledger, my 2 options trading accounts and then screenshot it all nicely into a nice collage for you so you can say 'nice inspect element faggot'

Stay buttblasted and poor

>>24595259
Teach me anon

>>24595322
A lot of my success this year probably can't be repeated to the same extent next year (I bought put options on airlines, cruise companies and hotel before corona and also I'm a chainlink OG)

But if you want some tips I would say:

>Buy long dated OOTM call options (2023+) in silver and gold miners, or just the equities themselves if you can't handle the risk
>buy OOTM call options on BTC expiring September next year, you can do this on deribit
>LINK is still a fairly decent buy, but INJ is a good low cap crypto to buy now

>>24583834
Any reason you don't have CRSP, they are the leading gene editing company and recently they have successfuly cured a patient with sickle cell anemia

>>24583496
Fuck your stocks

>>24584082
And he only managed to wring 44k out of it. KWAB. Im up almost 20k on NIO this year alone.

>>24591664
How do I get my screener to look like this?

what a terrible thread
all that tldr boomer shit when all you had to do was buy chainlink lol
boomers i swear

>>24583496
I just held LINK and literally made 500% this year (900% at the august top). Imagine having to actively buy and sell meme stocks like a wannabe gordon gekko just to get rich. Glad it worked out for you, but seriously. Just buy LINK next time.

>>24583947
I never understood why people have to have a crypto hedge fund when you can buy and hold by yourself.

>>24595527
Thanks, what do you think about wcres

>>24594161
>>24583782
>already has hundreds of thousands invested from gifts from his rich/non brainlet family
>BRO ITS EASY JUST ALREADY HAVE MONEY!!!!

OP I don't know if you know this, but crypto is for those of us that haven't already made it. Many of us here didn't have a dime to our names and grew up in shitty circumstances, obviously not everyone but I'd wager a good chunk myself included. I've turned $8k into $120k in two years from crypto without using any leverage and just holding.

>>24583496
>I broke $5m last month
If I had $5 million I would retire immediately.

>>24593833
>Contrary to popular belief, proving that you hold the keys to even a single btc address from 2012 is very easy if even half of what you said was true. I bet you can't even tell me a single thing that someone from 2012-13 would know but a newfag wouldn't.
Signing a message with a 2012 address would be absolutely retarded from an opsec perspective.
I made a profit trading ASICMiner on Bitcointalk, btct.co and Bitfunder.
I've been using Coinmarketcap since it was founded in 2013.
I profited off the Max Keiser Quark pump in 2013.
I was literally in before the Winklevoss twins and I'm richer than OP.
I reiterate my point that legacy asset maximalists like OP are cucks who don't hold any private keys. They lack self-sovereignity and global reach.

>>24596553
imo, if you didn't buy 4+ years ago, you're probably too late on crypto. You're just helping oldfags realize their gains by buying now. I could be wrong, but I think you should be buying silver and silver miners; that looks like it will be the next big wealth transfer to me. it's ridiculously cheap. good luck poor anons, I was once where you are.

>>24596463
Not researched it at all anon so can't help you there I'm afraid

>>24596728
anon... you know btc is about to breach it's ath right? And that it's done this exact cycle 4 times in the past each of which ends in a massive bullrun? sure it could be different this time but I seriously doubt that metals of all things are going to outperform crypto in the next year, but I DID invest in crypto 3 years ago. I've also been here since 2014 but never bought any until then

>>24596553
based

>>24592961
>>24593016
you are appearently finding this hard to believe but this anon is right
you are obviously a tourist here and don't understand what most here are
crypto has been the single biggest thing for autists to get in to distance themselves from society at large
even a 10k portfolio fellow autist anon on this board that doesn't know who i am and calls me a fag, has a closer connection to me than anyone i could meet at the rich people clubs around where i live, there it is all social drama exactly the thing i am happy to have escaped with crypto
so yeah i am happy to come back here, as this place is the single greatest form of therapy ever made for autists

don't forget your portfolio is poor tier to some people here and not all that impressive to a lot more present, however they can't communicate on your perceived level of social relevance so you can't believe their existence is real

also stop using the boomer tier colloquialisms, i am pretty sure you boomer friends find those hilarious, but here they are just very annoying

>>24597218
kek based, fuck normies and wanna be boomer richfags I just want to not need to work

>>24596728
lol buying silver instead of btc kek what a retarded advice

>>24583496
You'd have to be a real fucking dumbass to be long on Earth-based metals in this current age of technology. We are less than 20 years away from citizen space travel. The moment the space frontier opens up to companies, Earth based metals will immediately sink to all time lows or become worthless because there will be an abundance of them available to us.

" Psyche asteroid—located between Mars and Jupiter—contains a motherlode of metal, including gold, iron, and nickel. And the estimated value of all that metal? About $700 quintillion."

>>24583864
Just watched this yesterday. Sign from kek

>>24597357
DUDE ASTEROID MINING

I FUCKING LOVE SCIENCE

BUY NETFLIX AND TESLA

SHORT PRECIOUS METALS

>>24597357
>the space metals meme again
yawn

>>24583496
You invested in what?

>>24596590
>profited off the Max Keiser Quark pump in 2013.
Lmao, I actually believe you anon. I remember this shitcoin. How much money do you have that you consider 5mil nothing?

>>24584361
>If someone had kept stealing my seeds, like cryptos do

>>24597357
dropping metals mined in space back into a fuckin gravity well is the stupidest shit ever

>>24583496
looking at your portfolios, your just levered beta. Took a gamble on the rebound, which turned out well so congrats.
Return for risk premium is literally nothing new in the industry.
t. worked for top ticket global macro hedge fund

>>24600401
people give and listen to the shittiest investment advice because of survivor bias