/biz/ - Business & Finance

You should make it with that. Sucks you don’t have 21. So close

>>25567873
Cash out, you'll be dead by 50 anyway so make the most of it.

>>25567873
Just hodl. It could 10x and you will have 5 million.

>>25567873
>$15 a year on clothes
imagine the smell

anyways OP you should treat yourself. hoarding money hurts everyone including yourself

6 fig hell is real sirs

And also OP do you realize the amount BTC you hold shouldn’t be worth 3mm but more like 10mm

How do you pass time? I need some cheap hobbies. Should you wish to retire in a 3rd world country, such as Brazil, you already made it.

>>25567942
Crazy how little my salary buys nowadays

>>25568004
Music

>>25568004
Walk 2 hours a day
I lift
I read

mass buy PSA AR15’s and a bunch of 5.56 and then sell them when the next mass shooting happens at a profit

Genuinely happy for you, OP. Hope whatever decision you make will be the right one

>>25568154
>>25568000
Not a us citizen

>>25567873
>Not really enthusiastic to buy a house
why the hell not? just get them sub 3% fixed rate mortgage and let inflation pay off the house for you, no brainer.

>>25568182
lol sucks to suck

>>25568089
Impressive. Keep up the good work, mate. You're gonna make it.

>>25567873
hold until btc reaches 1 penny again

>>25568228
Headaches... Taxes... Upkeep.
Been moving countries the past 5 years. Not sure where to settle yet

>>25568000
not true.
You only need like 3% of 3M a year to live. OP probably needs much less and probably can live off 1% of 3M. Any boomer dividend stock portfolio can provide that much money each year.

>>25567873
Unironically cash out a little and use some of it on whatever, a hooker, nice food, a trip, new clothes a fucking hovering machine you name it. Not to treat yourself but to make the money less abstract and more tangible.
>Will i make it of I hodl?
I have half of your stack and expect to hit at least close to 1M, your stack will hit 1M easily. My plan is to cash out 75% into stablecoins and live off DeFi interest + reenter some alts at the bottom

you dont need to use your money to make yourself happy
you can use your money to make yourself stronger

Six figure is not hell. You can still lose a good chunk of your portfolio and have a lot money. Five figure hell is much worse because you wind up with fuckall if you lose it.

>>25567873
This guys stack would be worth about 60 million at current prices. That’s pretty bad, but if Bitcoin ever hits 750k his stack would be worth 1 billion dollars. Think about that. Think about how much this man lost by doing something when all he had to do was nothing.

>>25567873
>15 per year on clothes
>no driving license
>no phone
>31 year old

Pretty based.
Even 3mm won’t change your life I guess.

>>25568313
Thanks. Forgot to mention. Gotta gf and spend maybe a 1000 on hookers/escorts a year. My only sin. Stopped since corona though>>25568313

>>25567873
Cash it out tonight, if you even can

>>25568364
Goota 70 usd android. But no internet or calling plan. Theres wifi everywhere and being unreachable is better. I spend on average 5 hours a day outside

>>25568358
>lost by doing something when all he had to do was nothing.
felt pain here

>>25567873
with 600k you can easily do a 4x in the span of 24 to 18 months playing ultra safe long trends of BTC or even faster with ETH.

Im very close to 400k once I hit 500k or shit hit the fan and I have to sell this is what I'll do just ot ensure life changing money and not losing it all like a retard.

At this level you cant take the risk of putting money into shitcoins

Sell all your BTC
Buy a house
Use the house as collateral for loan
Buy BTC back in when it dips

>>25567873
Keep it hoe it's gonna be $5MM end of year
>Will i make it of I hodl?
Yes you will. Straight up
If you can't hang on just get off the board for six months and come back. You are so close to making it it's not even funny

>>25568495
I forgot to mention, time in the market is better than trying to time it, eventually that amount of btc will be worth 3M just by doing nothing but it's up to you if you want to wait or try to make it faster

>>25568313
>hookers
Why
This is the pinnacle of paying for free shit
Not only do you pay for it but you get it used

>>25567873
Why not learn value investing?

>>25568606
Im very patient. Shitcoins looked tempting but there is no liquidity and a high risk of bleeding sats. Thanks bro

>>25568089
good stuff anon

>>25568627
Ugly ones even.

Its an addiction. Something psychological. Wuflu saved me from that shit

Whats with these fucking threads? They are either for the purpose of social engineering, to keep anons depressed even if they achieve financial freedom. Or just doomers being retarded doomers...

>>25567873
So you rode $link to $80k and then bought btc with it and made $500k of profit?

>>25567873
Nice Larp fag

>>25568655
No point in this approach to crypto as the entire market is undervalued, less the junk. Save this for saturated markets in which your edge is limited to buying discount price ratios and selling premiums

>>25568724
Didnt put all trades in the app. But i rode link from 40k to 160k

>>25568627
Got money, spend it.

>>25568781
>spending money
NGMI

>>25568004
I read books, learn the things I want, build things with code, dabble in robotics, and find other ways to grow my money whether it be through the expansion of my business or other investments. This board is full short sighted dopamine seeking niggers and stagnant midwits.

>>25567873

well done anon. i'm only 24 and have around $60k

fml

>>25568781
On income generating assets
A lot of you do this just to get money and blow it all, I can tell
Money is a resource that should be leveraged for profit

>>25567873
>Not really enthusiastic to buy a house
Buy a reasonable house when the market tanks so you never have to pay rent or mortgage ever again. But I would hold onto most of that corn for a while anon, that might x30 in the next 5 years.

>>25567873
and yes obviously you'll make it if you hold btc only

dont sell it or move into alts. you have real money.

10 BTC is enough. Spread the other 7.36 to diversify your portfolio into ETH, LTC, DOT, XLM, UNI, RSR, AVAX,QTUM

>>25568762
I was thinking more along the lines of stocks
Or perhaps op shoild just put his money into some index fund but with the market situation right now, that could be a mistake
Depends on whether the government will continue to print money at a high rate

>>25568901
Still better than me, im 24 and have 6k, but I do have a good degree and no debt so theres that

>>25567873
>600k will not change my life

People on this board are such gay faggots it's unbelievable. Hodl until you have 1.4 million then, retard.

>>25568781
Read "the richest man in babylon"

>>25568972
do you have a job anon?

>>25567873
Sell.

>>25568539
what kind of loan? I had a trust fund that i used to buy a house and might do this when the dip comes

>>25567873
I would sell now

>>25568725
lol, seething poors

>>25568781
i mean if you have tens of millions, sure.

but at 500k-2m it's pretty stupid to buy hookers

if you have a network over 1m self made, that's enough in itself to warrant self confidence.

>>25569116
*networth

>>25569029
Finishing up my internship, aim to start a job this summer plenty of work in my field

PLEASE SHILL ME ON ARK ETFS

>>25567873
take those 500k put them in dividend stocks since you live like a peasant it should be enough anyways. You probably wasted your 20-30 doing absolutely nothing experiencing absolutely nothing your youth was a waste you got lucky with crypto now congrats but remember you can always make money but you can't never get back time. Put that money in dividend yielding stocks and travel in eastern europe after the lockdown is over. or sell like all besides 2 BTC just in case.

>>25569161
awesome. what field are you in?

web dev here. to be honest i'm lucky in the fact i have around 90k in inheritance when i'm 30, but I've never really considered as apart of my wealth. only hold around 40k in crypto, so we'll see what happens.

90k NZD, 40k usd crypto

Very based. Just hodl and put your btc to work on defi or cefi and enjoy 3-8% yields on your btc. Keep hodling for the next 10 years. If you need cash take out a loan on aave and spend that.

>>25569283
i hear this everywhere.

if i take out an aave stablecoin loan, i still have to pay back the login.

>take out 100k loan against my btc
>get the 100k usdt
>cashout to bank(?)
>spend, live life etc
>have to pay back loan

>>25569358
loan*

fucking development on my mind

>>25567873
Liquidate some of these assets in term of time.

For instance, if you live in the US, you could liquidate about $80,000, that would basically buy you a whole year of not having to work. Then you can confidently keep the rest invested while you make a plan.

>>25568353
>t. doesn't have six figures

>>25569358
Keep the usd loan open and once btc moons more, dump some and pay it off. Fiat will lose its value against btc.

>>25569283
Best advice here. I'm holding btc/eth in an interest account and earning $5k/month passively.

>>25567873
reinvest into other assets with the gains you've made. Even if you're frugal, money burns quick if you're a NEET and have no other income. Also, 60 a month for a gym membership? Find another gym I only pay 35 and I consider that expensive.

>>25569277
civil engineering

my grandparents were poor peasants so I dont have an inheritance lined up. I have 6k usd worth of which 4k is currently in crypto

>>25568154
goy?

>>25569555
Yep and I'm too chicken shit to make any dangerous trades because this is more money than I've ever had.

>>25568451
Learn the lesson.

>>25568447

Someone should start a tracker for how much money you would've missed out on if you took this dude's advice

>>25569577
how does that work though?

once the loan is taken out, and if btc moons 10%

now the collateral is worth 110k. so essentially i can pay off 10k of that?

or just take out more money?

>anyways OP you should treat yourself. hoarding money hurts everyone including yourself

>>25568901
>>25568972
I'm 31 and lost 30k on the stock market last year.

>>25567873
Put a shit load in an etf and pull out profits each year to pay for rent and food

I really dont like buying things or consoooooming.
I enjoy a hike or a nice homemade meal.

>>25570196
Yeah makes sense. But then life is still the same. And losing the btc upside will hurt more than going to 0

>>25570211
based

>>25570000
checked, use this luck fren

>>25570267

do you have a job anon

if you do, live your life as it is. hold btc for this bullrun, you'll make it

>>25568447
>internet funny money

>>25567873
buy a house with some land idiot.

Why are not retiring in Asia and getting a nice thai gF?

>>25570531
I do. I can save around 3k usd a month

I have ~12 BTC. You're even comfier than me OP. Just hold till we 5x at least (which we will by end of 2022), and then start slowly taking some off the table.

Other option is to pledge some BTC as collateral for loan, but I am not that impressed with the services currently on the market (even Unchained Capital), but I imagine that this will improve within a year.

>>25567873
>Im very frugal
Spending a few thousand of that on comfort isn't going to make any difference to whether you will eventually make it on that amount of BTC or not. Keeping yourself cold and miserable and eating beans and rice is the difference between reaching your $3M target in June 2022 vs. July 2022.

>>25570660
I had a year of in se asia before.
Did a surfing course. Enjoyed it a lot but got scared to get dumber

>>25570689

yeah dude, just live your life. 3k savings p/m is awesome. Not that you need to at this point. You'd be shooting yourself in your foot if you sold your btc.

If you truly want to take some capital out, please keep some in BTC. The FUD is constant, and will never die.

>>25570742
fuck that, once i make it to £500k im retiring there. im 35 now so i figure 2k a month is comfyville

>>25570757
Thanka. Ill just hold and buy 0.1 every moth till I make it

>>25569797
It's a good question. From Unchained Capital's FAQ - https://unchained-capital.com/faq/

What happens if the price increases?

Partial returns of collateral are available upon request once the collateral:principal ratio exceeds 250% (equivalent to 40% loan-to-value). We will only honor requests if it has been at least 30 days since the start of the loan or the last margin call.

>>25569641
build your conviction and bet heavy or you won’t make it

>>25567873
how do u eat that little if youre working out? genuinely curious

>>25567873
Sell and move to Monero, it will 200x in 10 years

>>25567873
Cash out 100k, be comfy and don’t live like such a poorfag. Leave the rest 450k in to ride, that’s still crazy gain potential

>>25570983
My gf pays most of the bills
She doesnt know about my holdings

>>25567873
BTC will reach 100K if not more, just hold and wait for this to cash out.

>>25571224
>My gf pays most of the bills
this is the secret to saving money, i see now kek

>>25567873
You'll make it. Only other option is see for you is buying some good paying shares for dividends, look in to it. Oil is good, RDS has been pumping hard, BP and XOM still hanging low. That or look at something you can actively stake like XTZ, though it's not moving much so that's a risk, to be honest. I hold some but most of my holds is Eth and Link.

>>25571285
I make 7k a month. If it wasnt for her i could save 6200

Girls want normal.food. a toilet. Shit like that.

Kidding but not entirely

>>25567873
>Not really enthusiastic to buy a house. No driving license.
>15 per year on clothes.
>No netflix, phone plan or anything.
Fucking pathetic. Imagine living like that, I bet you’ve never had sex.

OP you are an extremely based young man and i am happy for you. keep doing your thing dude. fuck the coomers and consoomers. but don't cash out yet. you haven't made it yet. i suggest starting up regular yoga practice.

>>25571437
I did. Maybe 60 hookers and over 60 normal girls (gotta keep the ratio healthy).

Im a 6/10 but solid game. Clothes dont matter if ur above average in fitness and have decent hair and blue eyes. Jeans 10usd shirt 3 usd

>>25567873

Spend a little more on clothes (10x budget won't hurt)
Get Netflix.
Get a phone.
HODL at least 15 BTC of your stack to six figures.

hodl. when you're in the millions and feel the need think about using btc as collateral for a fiat loan. selling will kill you in taxes. hodl while it appreciates and continue to take out fiat loans as you need until you die

>>25571597
Dude. Netflix is 1 waste of time. Could be learning something in that time. 2. Brainwashing. Every show has a black lesbian transgender shorthaired activist

>>25567873
hold the btc long term anon. we have many ways to go for the bull run and even if you miss it, btc is unironically going to be the best performing asset in the 2020s

>>25568854
I'm 16 and on Brazillian summer break. I'm basically a neet but don't want to be a disappointment to my dad. Do you think I'm old enough to get reading these books or do I need more life experience?

>>25567873
Get a fucking driver's license, your life will be immensely better for it

>>25568781
spoken like a true poor

>>25567873
I'm at about $520k rn and also invested about $40k total.

Most all profits were also from riding LINK to the top, only I never sold and am still like 90% in LINK. I have 64 ETH, barely any BTC and a few shitcoins. I want at least 5 million so I am just holding rn. I am working in residency as a physician so I dont have anything to really spend money on anyways and I sure as hell am gonna finish residency no matter what, so figure may as well just keep holding. I think (hope) the next cycle will dwarf 2017

>>25569116
its ok if the hookers only cost a 100-200$/hour; thats more than enough time to do what you have to do. and as long as you dont do it too often, once a week should be ok.

>>25570000
imagine losing 30k in the biggest recovery bullrun stock market

>>25572793
Read them now and then reread them in 10 years.

>>25573073
>paying them to do the fucking
>have to wear a condom or you get super herp

ho's are overated

>>25571597
>Get Netflix.
jew

>>25569079
personal lines of credit, secured and unsecured.

>>25573959
what's the interest rate on something like that?

>>25569752
Look at how much more people pay in interest because of muh snowball method.

I have a low 5 figure portfolio, how do I make it?

I have an okay job (30K North UK), all my expenditures paid from sports betting and no major debts. I just want to be comfy ;_;

>>25568627
women are annoying. paying them to shut the fuck up is better

>>25569025
I just finished it
What a great read

>>25569257
>mUH TRAVELLLLL
fuck off

>>25567873
You don't need to live in America you know.

This is a trad wife modest house in rural Switzerland stack

>>25571224
>makes 7k month
>gf pays bills
??????????????????????????????????????????????????????????????????????????????????????????

>>25567873
I would buy a nice house in a developing nations and live the rest of my life growing my own food, playing videogames, and just generally enjoying life. That's my plan anyway. I Need 200k to make it work.

Cash it out and wait for the big crash in all risk assets and buy them back for pennies on the dollar, setting yourself and your progeny up forever. keep living how you do. Will you really enjoy life if the number goes back to 100k?

>>25571586
HOLY shit you are big larper..

>>25574891
This honestly.

>>25573043
>>25567873
>>25570691

Damn I'm sitting at around 290K. Its like 95% LINK/5% 0Chain. It really is just a waiting game. I'd imagine I'll at least get a 20x by the peak of this cycle but don't think 30x is out of the question. I live like OP and my expenses are nearly non existent but I do eat high quality food but I prepare it so its quite affordable. Is this our year?

>>25567873
What the fuck does 6 figure hell even mean ? I just breached one fifth of that and I'm already very happy. Please explain OP

Take out initial investment minimum.
Max out your CGT allowance each year going forward.
Christ you know bitcoin is going to retrace.
No harm switching 100k to a stable coin minimum until shit blows over.

Similar position but I’m riding link at this point. Btc 10 just feels hard to fathom but certainly possible. Mcap of link tho is just 7B

>>25567989
What the fuck i havent buy clothes in 5 year most my clothes are from 2012, have you heard of washing machine?

>>25567873
Imagine having this much money and not holding a small fraction of eth. You could already have millions of you had bought eth a year ago you deluded maxi. Ngmi.

>>25567873
Same boat, working is pointless at this point but I keep showing up for something to do. Covid reduced my hours to the point they only let me work a few days a week so life is really boring.

My plan was to buy a excavator and weld together a gold sluice with a small fraction of my crypto. I would then get to work every single day as much as I wanted sluicing gold, bonus points because I would be selling all the yellow jew rocks I find for crypto lol.

>>25568004
Pirate everything. Kiddies on /v/ will call you a poorfag when in reality you're raking in dough by investing what you would have wasted on dumb shit.

>>25575617
Poorfags wouldn’t understand it means you realize hey this is a nice sum of money but not enough to retire off or make real world changes like buying a 100 acres and houses to start a community or owning a cable network/music company.