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/biz/ - Business & Finance


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25961793 No.25961793 [Reply] [Original]

I just cashed out 70k of crypto (profit) at age 20. What the fuck do I do now?

>> No.25961815

>>25961793
Put it somewhere where you can’t reach it and buy more bitcoin after it has dipped.

>> No.25961843

>>25961793
buy rope

>> No.25961855

>>25961793
reinvest it into crypto, retard

>> No.25961864

>>25961793
buy the dip

>> No.25961867

>>25961793
Pay taxes

>> No.25961882

>>25961793
Pay taxes.

>> No.25961888

>>25961793
Down payment on house.
Buy a used Toyota Corolla.
You made it.

>> No.25961890

LOSER

enjoy regretting this till the end of your life

>> No.25961902

>>25961793
Buy some shitty car and kys in 5 years when u realised you would be a millionaire then

>> No.25961910

>>25961867
>>25961882
unironically this

>> No.25961936

>>25961855
obviously but im terrified of losing, I rode multiple trains and my luck can't last forever.

>> No.25962004
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25962004

>>25961793
First off, congratulations! If what you say is really true, then you won the first round of the game. Good job.

put a bunch in XRP, then some in XLM and ALGO.
one of the outcomes of the Great Reset will be the switch to a digital economy. Central banks are issuing digital currencies. Many of these will be built on Stellar and Algorand- several have already been released. USDC is going to be the Digital Dollar, and it runs on Stellar and Algorand.

However, more important than either of these is XRP, which will serve as the bridge between all of the other digital currencies. In order to work, and handle the cross-border payments and ForEx industries, it has to be valued anywhere between $100 and $2000. It will be the best investment of your life.

With the rest- I would suggest taking several months to backpack around areas that interest you when the world opens back up before you jump into a career or a commitment. Travel teaches you about yourself, and there are a lot of really beautiful and interesting things in this world. I lived in Southeast Asia for 7 years and can recommend Vietnam and Laos especially. South America is also really great, especially Peru. You are at the perfect age to do some exploring.

Have fun man. If you play your cards right you will be set for life. I'm not shilling XRP XLM and ALGO because I'm paid- I'm shilling them because I've done the research and these are the coins that have been developed with regulations in mind, which will survive because they were designed to be used by billions of people. If you invest in them you will be set for life. Good luck!

>> No.25962027

>>25961936
tell me you have at least 1 (one) BTC

>> No.25962071

>>25962004
At least this idiot was nice enough to put XRP at the beginning of his post so you didn't need to read the rest of it.

>> No.25962096

>>25961793
If you're a retard with no real future prospects, I'd suggest you be very conservative with the money and either reinvest it or buy a house.

If you're a STEM/medfag who is obviously going to financially succeed in life anyway, my honest advice would be to blow it on living good and fast while you're young. Travel, make memories, fuck girls, etc etc. Having a good time when you're young is worth a lot more than you would think.

>> No.25962099

>>25962071
Kek

>> No.25962100

>>25962071
kek

>> No.25962118

>>25961793
Put it into another investment vehicle. Stonks or gold/silver.

>> No.25962126

>>25962096
>>25962096
>>25962096
this

>> No.25962129

>>25961936
invest in index funds etc.
more money means you can be go for safer, lower return trades

>> No.25962144

>>25962004
Damn this guy really wants you to lose all your money huh lol

>> No.25962157

>>25961793
Buy a Cybertruck and live in it instead of paying for rent. Save costs

>> No.25962241

Takes money to make money, don’t regret it by wasting it.

>> No.25962280

>>25961793
pay your taxes goy

>> No.25962305

>>25961793
Buy ETH,LINK,BTC,DOT and sell 2021 december

>> No.25962339

what was your initial investment and where did you get that money from?

>> No.25962424

>>25961793
buy a brand new car

>> No.25962448

>>25961793
fucking retard

>> No.25962523
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25962523

>>25962339
Unironically a /biz/tard convinced me to put all I had on LINK last summer right before the boom and I quadrupled my money. Dumped most of it on BTC right after, spread some across shitcoins and tripled again by 2021.

I live in a slavic shithole and the money is worth 10 times here, this is life changing for me.

>> No.25962578

>>25962004
>both of the mtgox nigger scams
fucking kek

>> No.25962599

>>25962157
Based and cybertruckpilled

>> No.25962648

>>25962424
this
also the newest iphone and some sick sneakers for 15k and post it all on instagram

>> No.25962665

>>25961793
All in link

>> No.25962686

You're going to kill yourself in 2 weeks when you see BTC's price.

>> No.25962688

>>25961793
$70k? wow, omg, that's nuts. that's like, what? one full years salary for a middle manager?

>> No.25962708

>>25961793
Put things up your bum. Keep putting things up your bum until you can fit the biggest thing ever to go up a man's bum.into your bum. Only then will you be able to say that you have achieved something that is magnificent.

>> No.25962736

>>25961793
Buy and hold tech ETFs

>> No.25962740

>>25962071
I don’t have any xrp and I never will, but did you see that the head of the SEC enforcement director stepped down?

>> No.25962783

>>25962523
AAAAAAAAAAAAAAAAAAAAAAAAAAAA WHY ISNT THIS ME

>> No.25962792

>>25962688
70k at 20 isnt bad

>> No.25962821

>>25961793
pay your taxes, pay off any outstanding debts, keep some portion of it set aside as rainy day fund money, and invest the rest.

>> No.25962926

>>25961793
Buy yourself something nice as a reward, trust me

>> No.25962938

>>25962523
I understand you, I'm Venezuelan so I live in a shithole too and even though I only have 18k, it is a lot of money for me.
But if I were you I'll cash out 50k and leave 20k in crypto. You can easily find your way up with that much money. Hell, I started with less than 400 USD.

>> No.25962971

>>25961793
All in on doge coin

>> No.25963022

>>25962071
Kek

>> No.25963098
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25963098

>>25961890
>>25961793
Pussy ass nigga have fun working until the end of days

>> No.25963211

>>25961793
Buy stocks and property, get dividends from owning a significant portion of one or more good companies and rent out your properties.
Give out some personal loans too, reap some interest from trustworthy loaners.
Basically make your money grow.

>> No.25963472

>>25962129
What index funds / ETFs do you guys recommend?

>> No.25963473

>>25962783
idk im pretty desensitized to money because I barely spend at all and have no problem going all or nothing

>> No.25963609

>>25961793
Shoulda only cashed out $10K and YOLO'd high risk / """""dead""""" shitcoins like Fuse and waited a year to reach $700K

What's the point of only cashing out $70k?

>> No.25963631

>>25963473
then do you want out?

>> No.25963667

70k, WTF you gonna do with that?

>> No.25963761

>>25962004
Algo was a good play weeks ago, it’s an ok play now. XRP was always a shitty play after 2017

>> No.25963789

>>25961793
Either spend it in the hopes of a wife or keep getting more money champ.

>> No.25963858

>>25962938
Holy fuck people in Venezuela can use 4chan?

>> No.25963862

>>25962938
how the hell did you grow 400 dollars into 18k? fellow third worlder here.

>> No.25963983

>>25961793
downpayment on property
>>25962071
KEK

>> No.25964147

>>25962688
earning 70k over the course of a year is not the same thing as having 70k cash in hand you retarded nigger

>> No.25964153

>>25962792
sure, but it's not "fuck you" money. no yachts, no lambo. so keep making moves, don't come here and humblebrag that you've (almost) made 6 figures.

>> No.25964360

>>25963631
no I want to keep gambling and find the next train

>> No.25965334
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25965334

>Cashed out
To what? Dollah? Better keep it in usdt than that usd shitcoin.
I would do an all in BOR tho.

>> No.25965335

>>25961793
Made 73k in 2017, then kinda immediatwly and dumbly reinvested in btc at 15k, then watched it slowly die to 3700$, don't do my mistake bro,

Take profit and leave crypto, don't get addicted or stupid.
70k is ample money.
Don't come back !

>> No.25965364
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25965364

>>25961793
People unironically 'cash out' their crypto? I live in Easter Europe and I couldn't dream of selling my entire 7 figure folio. The best I could do is 30-40%, but only at what I would consider the peak of the market so I could buy back lower a year later. I can buy whatever the fuck I want with a small portion of my holdings

>> No.25965381

buy NIO shares

>> No.25965750
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25965750

Farewell Onions of the weak hand tribe. May your travels through the IRS kingdoms be swift

>> No.25965850

>>25964360
legendary

>> No.25965852
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25965852

>>25961793
Get your motorcycle license and buy a cheap sportbike for like 3k

>> No.25965903

>>25963211
>div investor
Gonna need about 500k invested to get 20k/yr retard

>> No.25965915

>>25962071
Absolutely based.

>> No.25966020

get married and lose most of it to a needy bitch and make a baby then lose the rest in the divorce and pay child support until u cant take it then cash out your XSN because u made it bro

>> No.25966038

>>25961815
This

>> No.25966270

>>25961793
Pay taxes. Reinvest in Bitcoin. Max out at a Roth IRA. Do whatever else you want idk maybe do a coding boot camp or some shit

>> No.25966376

>>25963609
He just really wanted to watch his money become worth less every month.

>> No.25966595

>>25961793
BTFD until you have 500k profit then buy a house and just work some easy job and have some kids or something