/biz/ - Business & Finance

>>53769466
If you went all in on SafeChungus on launch probably

>>53769466
>I have $500k in crypto.
buy as much AVAX as you can and then stake it, your 25500 AVAX would make you around $3000+ at current AVAX prices. is 3000 dollars a month for you to quit your job?

also AVAX is hardcapped and deflationary and the AVAX staking ratio is very high since there is a high demand for "Blockchain as a Service" and 1500+ Subnets are currently in the works.
running a validator is also really simple and a monkey could do it.
there is also no slashing and your coins never actually leave your wallet.
your keys your coins.

and if running a validator is too much of a hassle for you personally then you can just delegate your AVAX to based NEETnodes and tip them 2% of your reward.

>>53769531
>3000 dollars a month
can you survive with that ? what s the weather in india today ?

>>53769580
thank you sir wether very good benchod bastird sirs

>>53769531
I'm currently earning more than that with my GMX and MVX holdings, I think for me its a matter of diversification since I'm not nearly diversified enough with this portfolio value.

GMX multiplier point soft lock making me feel all sorts of ways

>>53769466
Stake stake stake or buy and hold promising low caps, that's all you've got to do retard.

>>53769633
Avalanche is lower risk

Holy shit how can you be so lucky and stupid? No offense. Put it all in blue chips (BTC, ETH). Slowly cash out between August and October of 2025. Should get you $3-4m. Save $1-1.5m for taxes. Put the rest in stocks ($SPY) and withdraw $80-90k/year for the rest of your existence.

>>53769466
Shiiiiet bro, take 10-30k and play 6-15% gains hopping from coin to coin. It’s fucking easy if you have the starting capital. Don’t leverage. Take modest gains, play top100 coins only. You’re welcome.

>>53769466
>fuck around for a few years while building up streams of (crypto related) passive income?

You could live like a KING in Zimbabwe!!
All the sheboon pussy you ever dreamed of

>>53769471
Based

>>53769688
It's all pink in the middle

>>53769531
3000 and locking up 500000k
Idk I would never

>>53769679
Top 100, 30 lowest market caps?
Do u only jump around with low market caps?

>>53769466
Get an affordable roof over your head and find access to cheap healthcare/health insurance. After that everything else is easy.

>>53769466

You will get wrecked, loose everything and go back to working at mcdonalds.

Why?
>crypto
Like the rest of the children on biz, you haven't figured out that it's only BTC, everything else is dogshit

>passive income
there is no passive income in shitcoins or bitcoin, all such staking schemes are pyramids, where the fuck have you been for the past year?

>GMX
what the fuck is this nonsense?

>>53769645
Self custody is a necessity, ORE and ENS could make a great deal

>>53769902
I don't think you've been made aware of the real yield narrative yet -- the income is paid out in ETH based on fees generated by the protocol (leverage trading, swaps, synths soon)

>>53769808
Stick to low caps, ENS MONERO LINK ORE or any of the blue chips ETH BTC.

>>53769647
But no one hears of this shit for a while now

>>53770095
Kek

>>53769688
you clearly havent seen our real estate if u think 500 000 is a lot, your basically upper middle class but not upper class

https://www.classifieds.co.zw/zimbabwe-houses-for-sale?query_type=both&price_amount%5Bmax%5D=500000&order=highest_price

>>53770304
ill probably be a rentcuck forever unless interest rates come down substantially or I can comfortably pay for a home in cash with enough money to 'retire' still

>>53769647
That's good but I'd prefer some identity management, those that focuses on blockchain interoperability

>>53769466
Just look for an opportunity, that's plenty of money.

>>53770096
So sad I sold off my ETH after they migrated to PoS

>>53770238
What have you heard of jeet?

>>53769801
Kek... Only retards do

>>53769466
Unironically if I had that kind of money I would have cashed out, paid off all taxes and debts, and used the remaining amount to support me while I pursue the career I actually want to work in. I doubt $500k is enough to retire anymore, but it's more than enough to live off of for a few years while you figure out a better way to get an income. The best option is to invest in building up your own skillset so you can actually work in the job you want and live the lifestyle you want to live. All of this is my opinion and not financial advice, by the way.

>>53770496
You can always go back in, trust me its still very cheap at the current price or just go long term on self custody based project that enables interoperability on blockchain

https://opensea.io/collection/alt-keks this.
>major marketing and running ads soon
> .04 floor cheap af and most sell for way higher
>actually early
don’t fade

>>53770585
Kek

>>53770543
Disabled people can't do this jeet

>>53770436
Ain't worried either. Im cool with trust wallet.

>>53769466

>>53769466
Not sure how much GMX is returning to you, but I'm all about the passive income as well. I'm in Convex, pays bribes every two weeks.

If you buy $500k worth, you'll have approx 75,000 CVX. Last epoch, bribes were $0.062 per CVX, so you'd be earning approx $4,600 every 2 weeks.

But factor in the price appreciation. ATH was $60, so about 10x from where it is now, meaning you could be siiting on $5,000,000 worth of tokens. Plus bribes may appreciate, this time last year bribes were $0.32 per CVX.

So 75,000 x $0.32 = $24,000 every two weeks.

all the stats are here
https://llama.airforce/#/bribes/overview/votium/cvx-crv

>>53769466
>main holding is GMX
Retard
You need low risk investment like BTC,ETH, BNB and a privacy enabled wallet to store your crypto.

>>53769645
Agreed but those are very difficult to come by, I found just a few RAIL,TXA and NEAR. Looking to add some more to my portfolio.

>>53769808
Lowcaps are where the real money is made, buy low sell high. Web3 and Prifis got really based picks if you dyor.

>>53770496
Why would you do that.

>>53769531
might as well just buy exxon stocks

>>53769679
Looks good but you need that chuck of funds to get good gains. DCA into based lowcaps in Defi, web3 and Privacy for longterm hodl is a better option if the funds are unavailable.

>>53769531
Based

OP buy AVAX you’ll thank me in two years when AVAX will hit 300$

>>53769466
You can diversify now anon. GMX is big. Look at MPX or OPX. ORE is sub 3m mcap. c'mon go do your research.

>>53769645
LP'ing for passive income. ORE/ETH pair looks really good.

>>53770436
I'm bullish on web3. Get some fucking web3 coins anon. DiD still early.

>>53769466
I’ve been doing this for the past 14 months with 300k net worth start, it’s been tough but I believe and keep going.
I’m also pretty far down from ATH but I’m not giving up and I’m never slaving for this worthless disgusting society ever again I don’t give a flying fuck if I starve homeless.

>>53769466
Also I resigned my job to avoid vax and Covid tests, also almost everyone were moronic pure scammers who only cares about nepotism and favoritism. Big middle finger to you all. Either I make it and fuck off forever or ideally the nukes fly and you all die

>>53769466
That's now enough you need 1 million for a house and at least 2-3 million for living expenses for 50 years
Ogn will pump hard this spring, x10 isn't crazy

>>53771324
A lot of web3 solutions coming up and majorly security and asset management.

>>53769466
You could all in on a REIT or blue chip divvy stock and generate passive 10-15% rest of your life. Not enough to live lavish but you'd be comfortably middle class the rest of your life.

>>53772307
Caveat being of course dumping your crypto now may possibly be the dumbest financial move ever.