/biz/ - Business & Finance

>>29140857
If it’s so easy, why hasn’t it happened to anyone yet?

>>29140857
Yep
Or you just go into Meowth right now and do that over the next few days while based Linkchad gives us his money
Do a x10 every other day and you'll make it in a week

>>29140857
at which point are you currently?

>>29140857
Oh shit, so you're saying that if I go to the casino and just put $100 on black and win 13 times in a row going all-in every time, I'm a millionaire? Holy shit, brb.

>>29140983
it has anon, i don't think you realize how many people have made it. I'd estimate that atleast 5% of this board has made it.

>>29140983
>>29141173
Obviously, this calculation is giving an idealised picture. You would have to be incredibly lucky to streak four 10xs in a row.
Plus I am not taking fees and taxes into account.
>>29141128
$600 poorfag student

>>29141524
Most of its from luck though, if it was so easy to predict whats going to 10x then everyone would have done it already.

>>29140857
it's not just thirteen 2x shitcoins though, that's just a 2x
it's a 2x followed by another 2x on that first doubling and so on over 13 times
the amount of $100 bets that you would lose doing this would bankrupt you before you hit a million, even if you start with hundreds of thousands

>>29140857
What about the loses accrued from spreading your money too thin? Let's say you have $1k, pick 10 altcoins hoping 1 moons and let's say 1 does moon. You're back at $1k.

I'll also add, more run red than green. Placing your bets like this isn't smart if you're looking to moonshot. Place the $1k on who you think is most likely to moonshot and if it goes under, get another $1k to moonshot, then repeat.

>>29142293
believe it's all in each time. 2x all in, sell, then all in another

>>29140857
Wait until you find out how easy it is to make a trillion.

>>29141173
I'm back. Holy shit OP, you were right. I'm a fucking millionaire now.

>>29143158
kek

>>29140857
This is why you'll find that people with true crypto wealth rarely fuck with shit coins. I've hit 3 10+xs on an initial investment of 20k over the last 5 years. Swings get the rope and end up paying way too much I'm taxes. Buy blue chips and hold for at least a year.

>>29141859
I disagree, I don't think it's luck. There's a lot of people here who have gotten really good at tuning into what is going to moon.

i started with a 100 few months ago
at 10k now

1 mil in 5 years max

$LMY. There's a quick 10x for ya.

>>29140857
people here are way too obsessed with reaching the point of having 'made it'
having money in crypto already guarantees that you will keep getting richer, don't waste your life minmaxing your investments

>>29140857
how does a rug factor into your equation?

Seems to me that anything capible of a 10x has about a 50% chance of being rugged

>>29145048
Meh, all you need to do is spend some months glued to your computer whenever there's a bull run and you can make it, freeing you from having to wagecuck. Wagecucking is the real waste of life.

>>29141722
LOL, my brother! same here. What does your portfolio look like?

>>29143822
how?

>>29145241
my calculation does not account for that factor. It would be interesting to lay out the maths though.
If we assume that a shitcoin can go to 0 with 50% probabitliy, and go 10x otherwise (no third possibility), and you have 100 bucks,
then you have a probability of 0.5^4 = 0.0625 = 6.25% of turning this one hundred into one million,
50% chance that you lose your $100 on your first attempt,
25% chance that you lose your $1000 on your second attempt,
12.5% chance that you lose your $10,000 on your third attempt,
and 6.25% chance that you lose your $100,000 on your fourth attempt.

>>29143669
Most people fomo into link knowing nothing about it. Very few on here knew nothing about what it was or where it was going. They could have just as easily picked a shit coin in 2017. Same goes for most other coins except maybe bitcoin and eth. But as far as im concerned most is from luck and few actually care or know about the project they invest in.

>>29146025
100% EGG, it has gone 5x in the scope of multiple days and still has quite some potential
>and yeah, I know Satoshi Nukemoto would not approve of this centralised chink shit, but hey, we can still have some fun before this bullrun crashes

>>29146672
oh, and statistically expected result in this game would be 0.0625*1M = 62500.0 bucks (from initial 100 investment) if you do not take into account the the loss of intermediate gains, such as 1K, 10K, 100K, but here we aim for the million, and for the million only

>>29146232
do opposite of pic related