/biz/ - Business & Finance

>>29218764
Yes.

>>29218764
Welcome.

Yeah, but also be aware that you're not rich, you have a good sum but not life changing money

took a day to get over the joy of getting 7 figs

its almost as if, you have no ambitions or life goals, it doesnt matter how much money you have.

cant fill a void

>>29218764
you only need 10x

>>29218764
Yes and welcome to 6figs hell, now we suffer and gaze longingly at 7figs

>>29218874
let me help you recreate that feeling

>>29218874
You wouldve been happier if you just did ecstasy the whole day

>>29218764
I only want to buy a house and retirement, AND ITS NOT ENOUGH. AAAAAAAAA

>>29218909
No project out there you can put 100k into and expect to gain 10x

>>29218764
Welcome to the Club anon.

All I can think about is how I fucked it with some girl. Don't care about the cash anymore since I know imma have enough soon.

Don't worry chief ur gonna make it. In the mean time hit the weights and books.

>>29218764

It means youre another clueless, visionless NPCfaggot that doesnt deserve what he has. Any great man worth his salt can use 5 figures alone to great affect. The fact that you and others like you have no game plan, no ambition, no idea what to do with the money shows how fundamentally worthless you are. No matter how much money you have, you'll always be a nigger-tier poorfag of the mind and soul.

>>29218764
It does not get better. Even 7 figs net isn’t that much really. You need at least 2M post tax, preferably 3, to change your life in a desirable and sustainable way.

>>29218764
retard, you have a lot of money compared to most people of your age +background. try having some respect for the fact you can now live comfortably on a part time job.

>>29218986
Why do you have my picture on your computer? This is a private photo.

It won’t feel real until you cash out. Right now it’s just a video game with numbers on a screen

>>29219025
COTI if you're willing to wait a year.

>>29218764
Do you hold any UNN? If not, fix that before it moons. Main Net could be any day now.

>>29218860
You could argue it’s life changing. Just not “don’t need to work anymore” life changing.
Many many people walking around even in first world countries have never seen that many digits in a bank account or even an end of year income tax statement.

Anon, I just passed by 300k and don't worry the more money you make the less you feel. In all honesty though, money doesn't buy you any happiness. It buys you time and security. Just having 100k is nothing if you don't have ambition to use it as a stepping stone for your next steps in life.

>>29219275
Youre a massive fucking retard if you would actually put that much money into cryptocurrency

>>29218764
>6 figs on screen
>tfw actually still 5 figs cuz europoor

>>29219421
>t. seething priced out nocoiner

>>29219025
>BOND
>SUTER
>BAO
all easy 10x if you’re patient

>>29218764
I'd be more surprised if anyone who's an oldfag on /biz/ has still not made it to 6 fig hell.
I am a third worldie where average monthly income is $400 and I'm in USD 6 fig hell as well.

>>29218764
it's worse than nothing
soon you will start agonizing over waging and if it's worth it anymore

>>29218860
How out of touch can you be to think 100k isn't life changing money? That's a down payment on a house or condo with extra to flip it if it's a shitter. Rent it out for passive income and build equity while your young. I wouldn't personally but I already have a rental property that I make 600$/month on.

>>29219164
why you do me like that

>>29218860
Just how rich are you guys? Working class background here and 6 figures is absolutely life changing. Most people I know don't even have 4-5 figures to their name

>>29219693
>100k is a lot
Wow, I can't wait to put a down payment down on something instead of buying it outright, and having to wageuck for another 20 years in the hopes of paying it off. Where the fuck do you live, Oklahoma?

>>29218764
You anons convinced me, I’m joining up with the french foreign legion. Either I die in some african shithole or I retire in a few years with a french qt.

>>29218764
You never feel really safe, you never feel really comfy as the money is nice but won't set you up for life. Even worse is if it's not realized gains then you're sitting with just numbers that can tank at any time
It's hell for a reason.

t. 400k

>>29219552
Number one rule is that you dont invest what you cant afford to lose, and ESPECIALLY when its cryptocurrency
You, as a middle class american, cannot afford to lose 100k

>>29218764
>Is this what 6 figure hell feels like? Nothing?

Congrats, you achieved absolutely nothing, because you still dont have goals apart from money.

You have a wife?
Kids?
Are you liked by other people?
Will it make a problem for others, if you disappear today? Put that, that they hire a headhunter to find a replacement for you in a couple months.

Try caring for others. Not here on 4chan, but in your community. You will be surprised how satisfying it is to make a difference in other peoples life.

>>29218860
>not life changing money
do you live in a palace among the elites of Switzerland or something

>>29219211
how would you like comfy with a part time job just because you have 100k?
i am not saying 100k is nothing because it is a lot of money but not enough to stop working full time

>>29218764
it never changes, there's not a point where you start feeling good about it
t. I'm getting close to 7 figures

>>29219870
Lotta LARP going on here.
I have a 700k net worth at 32 years old and 100k is a lot of money. Everybody but the richest of the rich probably agree.
Younger people have this weird idea that you’re either a poor nigger without two nickels to rub together or a billionaire drowning in coke and high dollar escorts.
This is the view most broke people and niggers have too.

I hit $100k like 10 days ago and felt on top of the world for about 2 days. Then I realized there’s still much more money to be made.
$100k for me was an 8x from my initial investment last year and also the moment when I realized I have a real shot at making it if I keep doing my research

>>29220052
>Are you liked by other people?
This is not a goal to strive for.
Unironically be yourself. The right people will like you for it

>>29219144
Seething nocoiner

>>29219144
>affect

>>29219144
based

>>29219941
God I hate faggots like you so much. No 100k isn’t elite tier money but stop being a negative cock sucker. It’s a big deal for a lot of people.
Soul of the Jew. S to spit. KYS nigger

>>29219144
so so based

>>29220468
>I'm a faggot because I aim higher and actually want to make it for real instead of being nigger rich.
100k is only like 3 years of living expenses, and that's if you can stretch it. This is why you'll never make it. You don't realize how poor you really are.

>>29219211
Part time job? Those don’t fucking exist unless you’re talking about low wage jobs.

how much money do i need to live comfy in argentina? want a little house in the countryside

>>29220301
Be honest, did you get lucky with shitcoins or did you have a valid hypothesis that you acted with and produced results?

100k IS a lot of money, but shit is so expensive these days that while it may give you a nice boost in life for a while, it'll eventually dwindle to nothing. It's hard to put 100k into something that'll give returns you can live on forever feasibly like 1m would.

>>29220678
Nigger I’ve already made it. I have a paid for house and paid off rental properties with a family and just shy of 3/4 million net worth.
Stop being so money obsessed. I’d love to make $10,000,000 but there’s other things going on.
Control your money don’t let it control you. It’s just numbers on a page.
Move somewhere cheap and live like a king for peanuts. Actually don’t. Fuck off we’re full.

my hands are getting weak in the $300,000s. I could pay off my mortgage. I want to hodl to a million though. I also want to keep 1.0 btc no matter what

>>29221040
pay off your mortgage and then DCA back into crypto with the money you save?

>>29220678
Stop bragging faggot, most people have to work 10 years to save that kind of money.

>>29221002
If you already made it, then you wouldn't still be here. Shut up already.

>>29219144
based and redpilled

>>29220678
holy fuck you're a retard. depending where you live, you could live of like 1500 a month easily. Just buy 4 properties, get a loan to value of 75%, interest only mortgage, rent them out, make 400 profit on them each

life isn't a fucking moonshot. Would you rather have 100k upfront or 1500 a year forever? two cookies scenario. The most important thing is free time and headspace. I used to make triple what I make now, and it sucked. Now all my times my own and I make enough to get by and have 3 screens hehe

>>29221167
You don't become successful by being like "most people". Again, poorfag mentality.

>>29218764
dont worry, when you drop down to 5 figs youll feel a whole lot more

>>29220801
I truly believe it was the latter. The former is certainly possible, but I don’t think it’s probably.
I bought LINK (that one was a /biz/ rec when I first started), then I started doing research and ended up with RSR, HBAR, PNK, and ALGO. All being legitimate projects with real backing. All have given my multiple x returns. Some of it is definitely luck, but I didn’t just buy based on memes

>>29221184
I've made it and I genuinely enjoy coming here. I come here for fun, where as you come here for something else in the future. You're always doing brah, it's why no matter how much money you get, you'll never make it you aspie

>>29221184
I’ll do whatever I want. Crypto is a fun hobby. Fuck off you snarky little faggot weeb.

>>29218860
absolutely true, it does not change how you live your life
what kind of morons have been replying to this post? wow you paid your mortgage? congratulations faggot you still have the same shit job and the same shit life

>>29221293
What is your method of exiting once a shitcoin gets enough traction?

>>29221325
>I come here for fun
You must be so fun and interesting then if you can't think of anything else to do besides coming here.

>>29221248
>I make enough to get by and have 3 screens hehe
sounds miserable

>>29218764
that is not what 6 figure hell is and it doesn't start at 100.000

6 figure hell is for western prime location having between 300k and 1.5m
as a starters it assumes you want to retire in wealth and never having to wage ever again in the west with being protected from inflation, these terms were commonly debated in old biz before the new cancer showed up so don't bother replying but x is a lot of money, no it isn't
between this range you have more money then you could ever make waging, so losing it would mean a non recoverable loss, but it isn't yet enough to retire
the lower cut off is about the price of a cheap house cause cashing that out changes your life, having a slightly lower monthly payment on your mortgage doesn't change your life
it is also unique to crypto as everyone knows a number of events could rugpull most of that value to zero, something that doesn't exist in boomer tier markets

I hit 173k this bull run (which would've been significantly more had I held) but now I'm around 10k from making a series of the worst trades possible, like across the entire crypto market I'm not sure I could've made worse trades without getting downright rugged.

If you're familiar with the dunning-kreuger effect I was at the peak of mount stupid, thinking I had a real clue what I was doing. Now I am literally just blown out, I'm figuring out how to get back there (and I will)

>>29221555
>6 figure hell is for western prime location having between 300k and 1.5m
6 figure hell is 7 figures

fucking retard

>>29218764
Go out, put the charts down for a couple days. Re-evaluate things, forget money for a while.

>>29221447
Exiting?
Jk. I have no plans to exit for a several years. But when I do I will DCA into a stable coin.
I make sure to stay up to date with the latest news on all my coins. Telegram, Twitter, etc. if I were to hear that something I own lost a major contract or partnership or a new competitor enters that is getting major partnerships, I’d dump. The only one that I’m even considering selling right now is PNK because competitors are starting to arise in the crypto-arbitration market

>>29221629
don't worry anon, none of the crypto paper gains are real anyway
there can be no more money cashed out than have been put in, so for someone to "cash out" a million, 1000 other people must lose 1000.
crypto produces no real value and doesn't represent ownership in a company, doesn't pay dividends and is not a productive asset
excluding bitcoin, all of the random shitcoins are a zero sum game

>>29221688
sell when you reach a mil let us know how it goes for the next 50 years

>tfw six figure hell for over a year now

>>29218860
Living in this shithole thats huge money

>>29218977
>You wouldve been happier if you just did ecstasy the whole day
why not both

>>29219270
>implying it becomes more real when converted to inflationary ponzi fiat
keep it in, where we are going there will be no cashing out

>>29221411
Plebbit faggots

>>29219025
ADA may get you close. 8 ish x

>>29222040
the point was that you are calling 7 figures, 6 figure hell, which is retarded
>sell when you reach a mil let us know how it goes for the next 50 years
perfectly fine because I'm an actual trader and not someone who can only make it with crypto

>>29221411
Crab mentality. Grow up a bit, anon. You’re embarrassing yourself.

>>29219164
A lot of it depends on age too. Oldfags can get away with less money

>>29218860
Its not immediately life changing but if you're under 30 and have 100k invested wisely you're ahead of the game.

29 y/o burger here

Is there still hope for me making it?

>15k car note, 40k student debt (still going but this will be what I owe. Don't really like it at all but am almost done do may as well finish)
>45k 401k, 4k ROTH IRA, 94k in stock accounts I control
>1 BTC, 7 ETH, 1350 LINK, 4 LTC
>10k USD cash
>140 oz. silver
>8k in miscellaneous goods I could easily liquidate

How fucked am I? Making it for me is escaping wage slavery before I am 50 years old, I'm already a boomer compared to all of the high IQ zoomers

You faggots are acting like it’s even possible to cash out 6-7 figures. Coinbase, Gemini, Kraken etc will all be down for maintenance and/or lock your account.
Or your bank will freeze your assets.

>>29222323
complaining about semantics rather than substances, k got it
do you at least agree then on that crossing into 100k doesn't start it

and yes obviously we are going to keep trading, if for nothing else just to entertain ourselves
however the biz version of making it implies risk free, careless living onwards

>>29222797
Just buy gold with tokens and then sell that if that’s your concern

>>29222439
making any money is fantastic, I'm not arguing otherwise you utter cretin, I'm just telling you 100k doesn't make a fundamental difference in the way you live

>>29218764
congrats you figured out six figures is nothing but a chance to make it

>>29218764
Good work! You're doing fine. I'm stuck in 3 figure hell pretty much because I'm trying to finish taking care of my debts and hospital shit. Once that's done, I'll be doing significantly better

>>29221529
meditate an hour a day. something money cant buy you autistic faggot

>>29222724
I'm 33 with .07btc and 30k cash total, cheer up.

>>29222925
I guess it all depends on what you want from life and where you want to live
for someone, 500k is all they need
and for others, not even 5MM is enough for carefree riskfree living
for myself, 1MM is enough to cover living expenses and since I want to continue actively managing it, it should be enough to grow it as well

>>29221516
>Projection mode activated

I have $32k to my name and I feel kinda great. I've been living comfortably on around $10k/year and now I have more money than I know what to do with. Any suggestions from those of you that managed to grow your stack significantly?

>>29218764
If anyone is wondering, I’ve made it all by just being all in on link since 1€

>>29218764
>enough to pay off cars/student debt
>not enough to buy a house cash
What the FUCK is the point of six figures

>>29225898
enjoy your eternity in hell

>>29222797
I cashed out 50k from Coinbase last week with no issues. You can’t cash out is a meme