/biz/ - Business & Finance

>>25368958
Gratz

20k is a sizable amount of money for most normies and most people that post on here. No shame fren. What did you start with?

>>25369008
I started accumulating end of June unfortunately so I started late. Started with approx. ~$12k but spread out over many paychecks

Poor fag here. Set a goal to reach 10k and I literally did so just before the end of the year, mostly thanks to btc mooning.
It’s a milestone for me. Gonna keep pumping btc till 100k.
Next goal is 25-30k by end of 2021. I do also need a car unfortunately.

>>25368984
Thanks fren, hope 2021 is your year

>>25369047
Anon, that's great news and that's a good start for 10k. Honestly if buying a car makes sense to you there is no shame if you need it.

>>25369033
I started with about 3k usd in August and I'm at 9k right now so I feel your pain about being "late". Frankly I'm happy to make any financial gains in America right now given how normies are apparently suffering so much. We're gonna make it.

What the fuck is up with everyone acting like newfags

>>25368958
your entire networth is in crypto? lol ngmi.

>>25368958
Same here, just hit 20k this week for my ATH. Started with $800 exactly 3 years ago. I've made more retarded mistakes than I can count. If I played my cards right I could have 3-4x what I have now. But on the other hand, there have been so many pitfalls I could have fallen into, like trying to day trade my entire stack or falling for one of the many pajeet scams, I consider myself pretty lucky.

My plan now is to take it easy with a comfy portfolio of 70% BTC 30% LTC. Might not make me a millionaire, but it's pretty much guaranteed gains.

>>25369143
Goal is to accumulate $100k and then put into dividend boomer stocks that make me $400/month, then use that $400 to buy 16% OTM call options that expire daily on earnings reports. But yes this is risky.

>>25369198
That's comfy af. Good work anon, and good luck next year

>>25368958
Honestly, nice, you should probably get some ETH. If BTC goes up, ETH will also eventually.

Do not feel bad about the $20k. Everyone starts somewhere and the trick is time when it comes to this stuff. Most people get fucked chasing alts for gains, but hodling can get you far if you are prepared to wait longer.

>>25368958
I just passed 60k, also Vet is going to make you rich

>>25369294
Thank you. I feel priced out of ETH, do you think there is still potential?

>>25369335
Based. 1.6MM VET, and I thought 218k was a make it stack LOL. I'm think about getting some GRT as well, thoughts?

>>25369339
Your ADA stack will do you better 2021.

>>25369375
One can only hope fren!

i started working with -100 in the bank. put half my earnings into link and have 25k in crypto + corona bux

>>25368958
Yo Canada Cuck "Crypto Currencies" was a meme its just Bitcoin. Grats on saving something instead of losing it like all the Niggers to the south of you.

No eth? No link? Jesus... It's over.

>>25369090
I do need it, I’m no longer in Jew York city , when it comes to anything long distance it’s pretty much out of the question without a ride. That’s tons of employment opportunities that I miss because I don’t have a car (and the job requires it) or I’m way too far otherwise.
I’m 26 and have avoided a car for as long as possible because I see it was unnecessary and a waste of money when I’m in the most important years to build capital and invest. But now it’s actually seeming to be dumb not to have a car unless I get a great job close to where I live.

>>25369235
Thanks /biz/bro, you too. We're all gonna make it

>>25369143
Your net worth is mostly in fiat?
Lmfao

>>25369573
Sorry anon, when Vitalik admitted to having child porn I sold all of my 0.5 ETH.

>>25368958
gratz bro. so many opportunities in the decade to come to grow that exponentially. We're gonna do it together

>>25369633
based and checked
>>25369459
>>25369652
based

>>25369610
Having a car in America is 100% essential unless you live in one of like 10 cities. Boomer city planning really just means hundreds of miles of mcdonald's and parking lots kek

>>25369681
I understand the burger struggle. I'm weak for junk food and I would be fat too if I lived in America desu

>>25368958
What apps or tools or softwares do you use to trade Crypto? Can you suggest some for me, I'm from Canada??

>>25369681
I hate it. I like driving but I hate that the world is built around needing it. What sucks is that even if you live in a city like New York with public transport that can take you anywhere, it’s so fucking expensive just to live there that you don’t really save anything lmao.
So there goes probably $4k (because I’m not buying a new car yet fuck that) that I could be investing into a car that’s literally only going to lose value over time.

>>25368958
Happy new year OP

I just hit 6k off my 600 November start. Even smaller than you but feels like a good job

>>25368958
>my net worth
so you're literally all in on cryoto?

>>25369008
Spoken As if he is the top dog, multi millionaire master mind, teach us

>>25369770
I buy most of my stuff with crypto_com, Kraken or binance

>>25368958
I literally just hit 20k as I saw this, gratz anon. I started around when you did with $9,130. WGMI

>>25369801
For now yah, no other idea where to put it aggressively desu

>>25369143
and yours is in fiat? lol ngmi.

>>25369801
A lot of people are. If you're a young man without a family, you should have a very high risk threshold. Especially in the uncertain times

>>25369787
>>25369837
Congrats kings, WGMI and happy new year

>>25369870
Props man you've got bigger ball than I do
>>25369881
Yeah thats why I've got so much of my money in it, but its more like 70% for me even after the recent pumps

this post brings normies like me hope. i gradually poured about 20k into crypto since august and i'll break even soon enough

>>25369784
I understand your view point. I lived in France for 2 years and public transit is a luxury Americans will never know. Reading on a train is top comfy. Having a car is nice too though because you're easily able to go where you want and no strikes shut down your schedule lmao. Look to buy from old people, anon, they never drive and take their cars in for maintenance every year anyways.

http://gains.dob.jp

>>25369915

i'm 100% the same as you mate. pretty much 70% of my NW is in crypto. sitting at around 35k right now.

we're going to make it

>>25369931
Anything is possible in crypto fren

>>25368958
Good Job, anon. I'd suggest cashing out. I truly feel like the market is about to have heavy correction. BTC will drop to 15Kish, Eth 400ish and the rise will begin again in earnest.
But don't trust strangers on the internet. Just because I cashed out doesn't men you should.

>>25369641
>>25369871
fiat as in cash? of course not.
oh you say fiat to mean anything you don't like or don't understand enough to profit from. in that case, sure.
i've got real estate fiat and equity fiat and precious metal fiat and firearm fiat and speculative commodity fiat and crypto fiat and foreign currency fiat and actual skills fiat. i'm probably not going to make it. pls halp.

>>25370012
Yah I'm a bit worried too. Do you think the crash is due to regulations? And will crypto bounce?

>>25369962
I'm from NY bro, mass transit here is widely available but it is absolutely disgusting unless you caught up extra for express busses or commuter rails. regular subway and municipal buses is horrific, especially during rush hour. I've ridden the subway once this year and my friends and I got followed out of the station by a shoeless bum who threatened to kill us.

>>25369212
>options
Not trying to bring anyone down here, but this sounds like a shit strat. 100k isn’t much anyway, just keep it in crypto if we are approaching a bull run. Otherwise spend your time learning to make money in other ways than the market.

>>25370037
That's pretty comfy desu, good luck with whichever road you end up taking

>>25370072
>caught
cough*

>>25369339
I think we are approaching a 10x from here

>>25370076
I know, but eventually, one contract that costs $400 pumps to $21k on earnings day, I've seen these plays on Wallstreet Bets anon. Then you take the $21k, pay your taxes, invest it back into dividend and then all the sudden you're making $500/month now. Rinse and repeat

>>25368958
Aussie/leaf dollars don’t count.

>BTC price: $37346.07

>>25370165
$37400 now

>>25370130

2021 we'll be saying USD doesnt count.

kek.

>>25370081
if i were you i'd start funding an options account right now and just try to keep yourself from swinging at everything. by the time you get to 100k you'll have a better idea of yourself and of the trade. although it sounds like maybe you've traded options before?
>whichever road you end up taking
that's the point, you're never fully in control of that. i've forced myself to spread out and learn as much as i can about all aspects of jewry so that i can be prepared when an opportunity or a pitfall is staring me right in the face.

>>25370037
Point is, any capital in cash is stupid at all unless it’s money you need for immediate spending.
So yes, having it in crypto or in ASSETS that might gain or at least sustain value is smarter than having most of your money una regular checkings, savings, or under your mattress.

Put it all in bitcoin you fool, the alt-apocalypse approachs

>>25370306
don't scare me like that anon

>>25370291
i'd take it a step farther and say having more than 25% of your networth in any particular family of assets is beyond retarded.

>>25369649
>he doesn't own child porn
ngmi

>>25370128
If it was this easy, everyone would do it. Especially in a saturated market like stocks. Crypto is still unsaturated, more opportunities here. Better odds on a potential 50x here.

>>25368958
NGMI, not enough cardano

>>25370306
>trade back to Bitcoin before alt-season
Fool. You go all-in alts now, and then trade back to btc when the alt bubble pops.

>>25370050
The crash will just be a correction. BTC and many stocks have made decades worth of gains despite an economy running on a bubble.
Don't wanna get into the politics of it, as what you think happens to the bubble depends directly on your political views.
But it will be a correction. Setting BTC back a few months. Then...
...
The moon.
BTC has been heavily invested in by major world powers. There will be 1 more dump, and that will be your last chance to secure a good holding before BTC becomes the #1 world currency. 10s of millions for 1 BTC within the decade.
Maybe I am retarded, though.

>>25370128
>I've seen these plays
open an account and keep trying for that. half the time you get the earnings right and the name still shits the bed. half the time you get it right but the name doesn't move until the next day. half the time it all works but there's no market for your shitstock call. you're gonna wanna play around and see how this shit really works.

>>25370524
>shits the bed
Ask me how I know you're an East Coast anon? Jersey side of NYC? Your dialect implies Newark. Maybe Philly.
How far off am I?

>>25370344
This only makes sense when you are trying to preserve your wealth. Getting 5 percent off your index fund is not going to do anything for the average individual with 10k to their name

>>25370636
about 1000 miles
>>25370646
>having no imagination

>>25370646
also your index fund gave you between 16 and 50% this year.