/biz/ - Business & Finance

>>29226785
I don't really have a number. I'm already way past what I need, but I just want more for the heck of it. I'll give a bunch of the "excess" away to family and charities once I feel like it's time to call it quits.

enough that i never have to work again and can live off an eth mining rig

I just want to make money to save my family and to lose my virginity as I do not have other option !

>>29227429
>ETH mining
oh no no no

>>29227468
better than taking 2 years to mine even 1 btc

>>29226785
Be able to buy a farm & house in america/NZ/Europe, couple of animals just doing passion projects..


Although housing prices for current gen of 20yos are BRUTAL

>>29226785

15 mil

5 mil to cash out into an sp500 mutual fund
1 mil for taxes
5 mil in btc
1 mil in eth
2 mil in shitcoins
1 mil in dai to yield farm

I need a 15x to make it happen.

Selling 40% at 90,000 BTC
Selling 30% at 100,000 BTC
Selling 30% at 125,000 BTC

>>29226785
What does it mean to cash out?
Why would anyone ever want to cash out?

You literally cashed out of the corrupt cucked fiat system when you bought BTC, I'm never going back, fuck their printers and the dodgy banks and government that allows it all to happen, never should've left the gold standard

>>29228022
Why not sell 100% at 1,000,000?

>>29226785
6,000,001 usd per bitcoin.

$200K, but still need an exit strategy. Letting it ride until late July at least so I can get my long term tax status. Investment: $11K LINK, $5K ATOM, $3 ETH, $2K ZRX. I 5x'd to $100K now, so I may increase that $200K if my portfolio does better. Is $200 too low of a goal?

I’d like enough to live comfy. But realistically I’m just doing crypto things for fun. I’m too poor to spend all day learning and trading but I love being a part of biz. I lost a lot when cryptopia closed because I didn’t have access to the email I used it’s a sign saying I’m not smart or talented enough for this. But holding is fun

>>29228420
Because that'll be years from now and im not delusional.

>>29228747
So you think it'll get to 1 million but you're willing to miss out on all of that profit for the sake of a couple of years? Seems crazy

8 million and I retire. I make 150k currently and I could live off 8 and never work again, 2% draw.
I figured my number lately because there is a chance I could hit it in the next 5 years. I originally did a lot of planning for a normal retirement but have gotten into more investments outside my boring but safe retirement accounts.
I needed to figure a number so I can just cash out and walk away safe.

>>29227113
Can you give some to me?
(This is a parody post, in no way am I begging for money)

>>29228523
200k is a lot of money but you’re currently at the start of our generation’s gold rush. You mustn’t be afraid to dream a little bigger darling.

>>29227700
Hell yeah! 15x aint out of the question. Even if you dont make it all the way to 15x you will still be set.

500K euros, and I can live for the rest of my life

>>29228834
No, im buying the local 1 year dip after I sell local 1 year top. That's all.

>>29227700
>1 mil for taxes
kek americans

>>29227113
hello anon, its me your mother

Not having to work anymore and living off interest. Reading and shitposting all day, lifting weights. Make babies with my gf. I think 2 million € will suffice for that, only problem is I'm taxed 50% on crypto profits.

>>29229189
How do you plan on living the rest of your life with 500k?

>>29227652
>duuude I want a secluded life in nature
>I need to be in a US/EU though
You people will never learn. If you want a farm, just move to wherever that's cheap and where regulation doesn't fuck with your farming. That's not in US or EU.

>>29229420
Probably would buy 3 apartments (55-75K euros each), and make around 1000 euros a month after taxes.

Already bought one extra apartment and making 350 passive income, so maybe two more would be enough.

With the remaining money I can also live at around 1000 euros per month for 30 years (with passive income that would be around 2000 per month, so 3 times more then I'm already making).

>>29229737
>mexico
>get owned by gangs and thugs
>africa
>get owned by gangs and thugs
>anywhere in south america
>get owned by gangs and thugs

>>29229342
evade as many as possible.

>>29226785
I started out naive and somewhat poor in the end of 2017, Put about $500 in and lost a lot over the coming months. Saw it as an opportunity to invest more.

Over the past three years I've added maybe $50-$100 a month to my portfolio and now it's up to about $24,000.

I took out $3,000 this morning to buy off my car.

I want to wait until after the stimulus checks are distro'd and then I think I might cash out another 25% for a down payment on a house.

I would love to make it, but honestly if internet coins are just making my life more comfortable, even by removing a car payment. I'm happy.

>>29229926
Don't really know how.

>>29229296
Yeah well somebody has to feed all these fucking niggers.

>>29229882
exactly, the only safe place is where most of the population has white skin.

unfortunately democrats are trying to darken the USA as much as they can

>>29230205
Russia maybe?

>>29227113
If I make it and get a shitton of money, maybe I will give some back to biz. After all you guys helped me. Wgmi, frens

>>29226785
I put all my cash into bitcoin, will sell when it doubles to pay off all my debt. After that I'll dca bitcoin for life or until I have a million quidpounds.

>>29229882
Seems like you don't live in real life, you believe everything you watch on Netflix lol. Most cities in Mexico are safu, at least a lot safer than living in chicago for instance.

I just transferred all of my bitcoin in to $Bake. With the pump in BNB I expect this to go from 2 USD to at least 5 or 6. After that I sell off and go back in to Bitcoin and just ride it out.

>>29226785
Build a PMC to threat the world with the power of my superweapons

>>29226785
1 trillion

>>29226785
I just want enough for me to live off staking without having to work
even the minimal wage is okay desu, I don't need a fancy car, just a computer and free time

>>29227652
This is my dream. It sounds most comfy.

>>29228523
>Paying taxes
Are you guys really?

the instant I have enough to reliably make poverty level on gains

>>29227700
Same, brother. I'm at $1.5MM, waiting for a 10x to $15MM.

$1MM house #1 (ski resort)
$1MM house #2 (beach)
$2MM gold/silver
$3MM eth staking
$3MM sp500
$4MM BTC
$1MM taxes

>>29230980
based

>>29230574
Dumbfag you are comparing a country to a city. Overall, Mexico is dangerous for gringo outside tourist cities in general. Further south outside of Mexico the danger increases exponentially. Illinois is quite safe outside Nigago.

>>29230779
What do you plan on staking?

>>29231130
several coins to avoid single-currency dumps
probably a mix of ETH - DOT - Kusama - Tezos - COSMOS

>>29228424
Oy vey

>>29230318
how would you make sure it doesn't end up with rajesh

>>29231116
The US is like 2 years away from a complete collapse and civil war

>>29230934
I used Coinbase. I could be mistaken, but it seems like there is a record of all my transactions attached to my ID. I'm not being a greedy pig and trying to avoid gains tax.

>>29226785
>Another part of me wants to buy a house in the next year or so, but I feel that might be a waste.
All the plebbitors think that the housing market is going to crash soon but I highly doubt we're going to see a crash in big cities without a change in housing policy. Most jobs now require you to be close to an urban center now and we just allow the Chinese to snap up more and more real estate.
If you're targetting farms/cottages/small towns (less than 500,000), you may want to wait for the market to cool off a bit.

>>29227113
If you haven't cashed out anything yet and are still playing I suggest taking profits. Your mindset will make you lose it all eventually.

This is the endgame.
Sorry you’re too smooth brain to see it op.
This isn’t a bull run. This is reality for the central banking system. Bitcoin isn’t increasing in value. The reality is the fiat currency’s powered by reserved banking is showing its true value, which is worthless. It’s not trustworthy, it’s corrupt, and easily manipulated.

As Bitcoin gains more users, it role as the world currency is becoming apparent. Soon whatever value you use to for Bitcoin being usd or euro will be useless.
The bull run ends only when governments take extreme action to protect the central banking system.
Israel and America will ban it. With harsh punishments for anyone holding any coins. Expect military intervention for any countries that do not comply or do not enforce strict laws on their populations.

Obviously it, it might be too late. You’ll likely see some hardcore propaganda in the near future. If Big Banks can crash it, they will try to enact laws as a means of “protection.” Then you’ll hear how it’s wildly use from white suprematists terrorist and other extremists.

>>29232804
Miners will likely be hunted down and killed. Probably use some climate change propaganda to justify going after large mining operations

>>29231258
rajesh is part of board culture

>>29232718
>Your mindset will make you lose it all eventually.
I know, I already did that in 2018. I've been cashing out chunks here and there to my bank and in the form of USDC throughout this run already. Thanks to all the ways you can put USDC to work thanks to DeFi, it doesn't feel nearly as bad to sell a bunch of BTC or whatever only to see it go up a bit later.

I'm honestly not sure.
I'm a poorfag who put $500 into link blackout drunk when it was 0.22c in 2018. Kicked myself the next morning because that was half my bank account.
Now it's sitting at 80k which is more money than I've ever had by far. I'm still poor as fuck barely making 30k/yr.
Don't even know how to cash out correctly I'm just planning on market selling when the mood is right.

Make enough money so I can tuck it away somewhere stable that generates like 30k a year then live a humble life without having to wagie.

How much do you reckon I need for this? 600k?

>>29233556
good question. someone answer him

>>29231116
>Mexico is dangerous for gringo outside tourist cities
I vacation in PV and Cozumel, the tourist centers are fine. Never go inland though.

>>29226785
You’re already in the endgame anon

>>29233556
On etoro there's a copy feature where you automatically copy another trader's portfolio. Some of the top traders pull in 30-60% yearly.

So £100k minimum could leave you with earning 30k a year with this method.

>>29226785
Bitcoin has provided me with the capital and skill to trade any market, even if it GOES TO FUCKING ZERO!
Best part is, I can do this anywhere, at any time I want. If I need money, all I have to do is find a nice trade set up and BANG, funding secured.
So I'm finna ditch this boring suburban dystopia to live like a king near a comfy red light district and party like a teenage nigger with a stimmy check until I'm dead.

>bitcoin is only at 40000 in the uk
Lmao can brits do anything right?

>>29227585
Eth is moving to pos eventually, anon, you'll never be able to "live" off of mining it

>>29227652
Brutal in which sense?

a good mortgage to buy a house is possible

>>29226785
about 300k

>>29233501
See thats the problem with retards like you. You had all the time you didn't improve yourself, you are still only making 30k per year and you only made around 80k which is not life changing money, it seems like you are doomed to fail. Sell when you feel like it and turn your life around it's not worth it to live making only 30k per year and having like 300k in your bank account. You should aim making 150k per year and having 300k in your bankaccount.

>>29230574

But the point here is that it might not be that safe when you are suddenly not more the average joe. Duh.

>>29234105
Isn't this still vulnerable to financial crashes or just poor conditions? Are there no real foolproof investments like some kind of yearly govt. 2% bond or something that isn't just housing.

>>29234484
Good arbitrage opportunity anon. By BTC in the UK and sell it in the US. Free money.

>>29230318
I was also thinking about doing this, but I'm gunna wait until the bear market, so a real /biz/raeli in need gets the money, and not some gay ass newfag that didnt help shit

>>29226785
>it looks exactly like the chart
kek

>>29226785
1.2 million, which i can retire on, won't completely cash out of crypto though, might keep 200k in

I'm an engineer, and I really enjoy it when times are good, so I'll probably do contract work on and off, just want enough "fuck you" money to be able to leave a job when things start sucking

>>29234958
Stop losses exist for a reason. The traders have their own, and you will have yours incase the copy trade goes below a certain threshold. You can withdraw at any time.

And if there's a market crash event, isn't there some assets/commodities like metals/oil that don't tank? I'm certain these traders would know to shift their portfolios when a crash occurs.

>>29235982
This does

>>29237285
That's a very good point actually yeah, how come everyone doesn't do this if it's safe? Genuinely curious

>>29236842
>i'm an engineer
got the same plant but I only need 600k to make it with a base salary of 21k a year.

>>29238684
I've been asking myself this for a while and I don't know. I suppose it's human nature not to 'gamble' and part ways with their hard earned money. People don't know anything about stocks/investing/trading. Maybe there's the further aspect of people not wanting to trust someone else with their money.

Yet if you look at the copy feature on etoro, everyone has profiles with stats so you can see their past performance over the years. All the information is there, you just have to decide who to copy.

To make it safer, you can also copy multiple traders. So instead of putting 100k into one person, you divide it up to 10-20 decent traders with 30%+ averages over the past 5+ years.

It's also a pretty new system. I don't know why it isn't spoken about more.

crypto is cyclic you can make mad gains by selling at the top and rebuying in 2-3 years time.

>>29239303
I'm looking into it now and I guess short term it's not great as you have to buy into positions at market rate, obviously not gaining the current profit they're at but I guess splitting your 'made it' funds between this and physical safe assets isn't a bad move

>>29233501
What is job? Where do u live?

End game is to escape the USA as fast as fk possible and move to Asia, renounce US citizenship.
Avoid total collapse or crisis in USA with insanity reaching peak clown world levels.
Buy nice condo and live in peace in society with very little crime and no baizuo

>>29230980
God bless Debord

>>29240067
>I guess splitting your 'made it' funds between this and physical safe assets isn't a bad move

Pretty much this.

Just use a compound interest calculator and punch in 30% interest on whatever deposit/monthly deposits. It gets serious after 10+ years.

>>29232718
Lol tell that to the guy who mined and held all his BTC since 2010. There’s a difference in gambling on shitcoins and holding blue chips for the long haul 7+ years

>>29240677
Thanks for the advice anon, hopefully if I can fill up some bags when the next bear market begins, get lucky and get 100k+ in a few years I could just keep a copy trader ticking in the background until it gives what is basically a monthly UBI cheque

>>29233181
Always do the needful