/biz/ - Business & Finance

going all in on blackswan. i need to flip capital now to have a chance at making it this bullrun

>>56623713
welcome in my thread Rajesh, desu I meant 6fig in USD not rupees.

>>56623689
>"hell"
imagine being upset that you have 100x the savings of the average american

>>56623689
>he can't do any other investment outside crapto
>he can't make money with 6 figures
why don't you fucking kill yourself, you incompetent moron?

wtf you all poor or what?

stfu faggot

>>56624009
its not enough, i had 200k a couple years ago and now im barely 110k.
you dont know what it feels being so close yet so far away, 6 FIGS IS LITERAL HELL
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAARRRRRRGGGHHH

>>56624473
what are you doing now to get to a million or so?

Up about 120k on this run
Still have about 200k in stables
Seething about the SOL run because I was indecisive about buying in low 20's
Calculating where I would be if I bought

NOT IN 6 FIGURE FUCKING HELL, THATS WHERE

>>56624588
sorry for you anon

>>56624565
sold 0.2 btc @ 24k in february in case the 10k meme was true.
if we get to 40k i will be selling 0.1 or so and if we go higher i will be selling more.
i dont think it will get higher than 50k and then a 30-40% dump from there.
mostly holding tho, every time i try to trade i get fucked so i just hodl.

>>56624565
forgot to mention, i mil is not my immediate target, im a frugal oldfag so 300k or so should last me til i day.

>>56623689
I have about 110k in efferium, 20k in aleph and 100$ in kleros
seething about the sol run as well, given that I sold SOL for efferium

>>56623689
>how did I escape?
real estate

>>56623689
I just entered six figure hell last 2 weeks.
The million doesn't feel unrealistic anymore but it's also really far.
I also realized you probably need mid 7 figures to really make it.

>>56624565
Holding. If you have 6 figs in the market right now, all you have to do is hold. There's no way to fuck it up besides gambling shitcoins and selling. That being said, you should still gamble shit coins in the bull market.

>>56624588
just deploy your stables into SOL now and sell in a year and a half at $1000 you midwit retard. please take my advice instead of psyching yourself out of the easiest millions of dollars you'll ever make.

>>56623689
hodling.
2 BTC 2 ETH sui link, rlc, make it ltc

>>56624565
>what are you doing now to get to a million
>>56624700
>sold
>selling more
>mostly holding tho
ngmi

I WILL SELL MY SOUL TO ANY RICHFAG IN HEE TO HELP ME SURVIVE IN THE SHITHOLE AM IN

>>56623689
If you think 6 figure hell is bad, try being in 7 figure hell like me.
If only I can get out of this 7 figure hell and into 8 figures.
Once I get to 8 figures women will finally want to touch me and I can stop being a virgin.

>>56627686
A/S/L?

>>56623689
I bought Bitcoin in 2014 and got rekt because I was a total retard.
>rekt in 2017
>rekt in 2022
currently have $250k crypto. Hoping to finally make it this time.
I have to be the biggest loser oldfag of /biz/

>>56627782
34, Male, Argentina. I made a thread earlier, im fucked beyond belief in here and i can't fix anything. Stuck with two jobs barely surviving. I would do anything to have my life back

>>56627832
What did you loose? What life did you have before?

>>56627805
That's me

>>56627936
I used to study Coding, I had plans and connections. I had to start working in kitchens to survive cause this country got worse and worse by the week. I couldn't keep studying, i went in and out of jobs, created debt to stay on float, now im working two jobs barely eating with a debt i can't pay. Haven't touched coding in more that a year and a half

>>56627936
>>56627950
At this point I would do anything to get back on track. But no matter how hard or how much i work, I can't fix shit

>>56623689
Feels good to be back man. I topped out at $300k before then I've been stuck in the five digits for a year and a half. This time I'll hit 7 figs for sure.

>>56623689
Back to $800k from a low of $350k. Part of me thinks I should just sell and move on. The other part of me saw a portfolio ATH of $2.5 million and won’t let it go.

I don’t think we are really in bull run territory yet. ETF approval would help things but macro is still not great with wars and people cutting spending and interest rates etc. I don’t know where real liquidity comes from. This entire pump has been on low volume and basically already dried up with now just money getting sucked in and out of different coins. Look what ETH going up $200 did to the rest of the market.. sucked the wind out of the sails of literally everything else.

Cash out goal is and always has been $2.5 million POST taxes. Sticking to it for now.

>>56628238
Just ride the wave as long as you are in coins showing relative strength. Keep your long term cap gain holding period until you begin approaching your goal

>>56623689
>Kaspa
BRRRRRRRRRRRRRRRRRR

>>56628122
Why don't you leave Argentina bro? Do you have any kids. Else migration is the only solution you might have
>>56623689
I'm on the low end of the 6 figure hell, I don't think I'll make it this cycle the best scenario would be BTC hitting the 300k, but I highly doubt we'll even see 150k

>>56627193
had 2.8 btc, sold 0.2, still have 2.6, how am i not holding?
not ever taking profit is a meme btw, thats the best way to never make it.

>>56623689
I first hit 6 figure hell in 2017. I held my mooned shitcoin all the way to the ground, then sold it for btc. My newtorth was around 5k then.

I startet accumulating again in 2019 and I havent sold till now. Networth is around 300k.

It hurts my soul because last peak (end of 2021)my newtorth was around 500k.

So i didn't fall out of six figures in the recent bearmakarket but I'm still well behind my previous ath even tho I work fulltime and invest everything I can. My hope is hitting 7 figs and actually SELL next peak, praying for eth to hit 8k or something like that. 1 million is bare minimum make it for me and I couldnt stomach the thought of losing 70% of my networth again or some shit. I'm almost 30 and my life has to change bros...

>>56629471
*networth what the fuck

Also right now is a shit time for me. I expected to be able to keep accumulating until Q3 2024 or something like that. I don't get why we pre-run the halving event and such, I feel priced out again and it stinks.

aw it freakin stinks :(

>>56629335
I leave cause no money and i still have my mother depending on me

>>56629335
I can't leave cause money and I still have my mother depending on me

100k is pure fucking hell, I need at least a x20 from here

Reached 96K today. Lost my job earlier this year and can't make bills and rent. Only have a little freelance going at $500/week. The rest I've been covering with lending. Should I cash out 10K or so if it hits 100K? Or just take out what I need at the end of the month if I can't find more work to make ends meet..

>>56623689
you're not in 6 figure hell until you cash out

>>56629471
you're aware that the past ATH is not guaranteed to ever rematerialize right? you're risking 300k cash in hand to make a million dollars and if you can't stomach the thought of losing it all you literally don't have to risk it.

kinda crazy how many people here missed realizing life-changing gains out of pure greed and continue to hold and risk materializing six-figure sums to "make it".

how many of you are going to be able to live with yourselves if your portfolio drops to hundreds of dollars?

>>56627686
Bump

>>56627686
I'm in the same situation and from the same country, Argentina. I'm a intersex woman (intersex means that you are born as a weird mutant in your sexual development not EXACTLY the same as trans). Not only need the money to survive but to find a way to some day to fix some deformed parts of my body... it fucking sucks to be born here huh?

>>56624473
>you dont know what it feels being so close yet so far away
i am worth $830,000
only about $250,000 of that is liquid
i don't care.

>>56630955
Is everyone rich on this board? lmao meanwhile all my savings are $500 and need 20k...

>>56630941
Don't compare me to you you half mutant tranny

>>56630977
I'm not a tranny though, I'm intersex and look completely like a woman except for my deformed genitalia. And I have it far worse than you, if I was born normal it wouldn't be hard to get money and have a normal life. I didn't chose what I am.

>>56630998
End it quick

>>56630972
i'm not "rich," i'm 10-15 years older than most of you. i will be saving and investing for the rest of my life to survive retirement, i have very little free time over the next ten years. making prudent investments is basically a second job.
but the point is that at least i'm not an ungrateful piece of shit considering what i DO have.
christ is king

>>56631007
You should do that, you are a normal man and are begging money here instead of learning code lol. I'm getting into university for compsci and will get money one day, while you will keep begging.

>>56631019
that's what i did, compsci. it will work if you work, and stand above the rest. i set myself back through life choices, that's why my net worth is only half of what wealthy people in my age bracket are worth (actually slightly less than half by 2023 numbers, i've heard).
god, or the world if you like, rewards you for serving others -- not for being a special snowflake.

>>56631042
Yeah I think I'm smart enough to get into compsci and try to find job in foreign companies; the bad thing is that I'm already 30 and feel like I lost a lot of time but it's better starting now than never and getting stuck in a shitty life situation in a shitty country. In 3 years I can get a middle term degree and maybe that will allow me to find a good job in the field. I hope I can get to the point that the 20k I need for surgery feel like little money, and live a more comfortable life.

>>56631019
There are not enough hours in the day you stupid tranny. I work all day and the only day I work only one job I can't do shit cause i sold my pc. Don't get me your whole superiority speech we are not the same

I'm out of the crypto hellhole. Just switched to real estate and could not be happier. Now I'm the proud owner of several houses valued in the 7 figures each, instead of fucking unstable crypto. Might flip some, might not. For now they are great for living in different houses when I fancy change. It's good to be able to go to the seaside, then the mountains, then the middle of the city whenever I feel like it.

>>56631146
University is free here. And again I'm not a tranny, I'm a woman with genetic issues. Imagine comparing transgenderism with intersex.

>>56631166
Also I work 11 hours a day every day lol, that's how it is for a lot of people here.

>>56631166
Apparently you can't read either. Keep trying to make me look bad tranny

>>56630972
><10 million is rich

Anon, I….

>>56631203
For someone in my situation even someone who have 100k is rich lol. Different perspectives I guess

>>56623689
You will never escape it for real. It is hell for a reason.

I have 18.5 Bitcoin.

I continue to exchange fake fiat into the hardest currency the world has ever seen.

>>56631220
don't listen to these demoralizing big nosed demons. you're going to be ok.

>>56631256
way to go anon. will you sell them or how are you planning to live from them (borrowing against)?

>>56623689
been in crypto since 2013 but i started with only like 5k

i've been good over time about selling into parabolic rallies and buying some back near the lows and i've diversified a lot out of crypto

sitting at about 850k now and hoping this is the cycle that propels me out of 6 figure hell, where i've been since about mid-late 2017.

>>56627832

Save in Bitcoin. Your currency is hyper-inflating.

>>56631262
Yeah honestly I wish I didn't discover this board, I wanted to learn more how crypto works and I find there are so many turborich people while I'm dying to earn 20k for medical stuff, it demoralizes but I will get on track eventually if I perform good in uni.

>>56631282
i'm holding primarily BTC, ETH and LINK but i've come around to just listening to to the market and which winners the market is picking, which clearly seem to be LINK, SOL and to a lesser extent BTC. i'm sure there's others i'm not aware of but SOL and LINK are especially showing strength vs almost everything else

just long the winners and don't get too over your skis on leverage. whoever shakes off the rust and scar tissue from the bear market and embraces the pump quickest wins

>>56631274

I use my business cash flows to live off of and never sell bitcoin for disgusting fiat poison or shitcoin cancer.

I'll spend my bitcoin once stupid over leveraged normies need to liquidate assets in the coming credit crunch and will accept bitcoin.

>>56631283
Anon i can't save, i can barely afford food. I wish i could save in btc

>>56631314
You need to understand both link and sols situations. They are the first strong movers of the market and most likely will be the ones to dump the most first. SOL is pumping the most and you can tell coinbase and other exchanges are pushing it hard in order to unload bags. They are billions in the red on this project and are pumping this coin specifically to unload. I think link will top off prematurely like last cycle once Sergey and the rest his crew decide to start dumping again when there's enough new diehard baggies.

>>56631285
the thing is, they're really faggot wagies getting paid pennies to work in a shitposting farm. never give them (You)s.

>>56631368
whats your bitcoin pub key?

>>56631372
So you think they are lying? What for then?

>>56627832

whats your bitcoin address?

>>56631380
Not him but I'm also in a similar situation if you can help me too I would really appreciate it
1H5M75ZEb1mJRyEvGfHb4D1Zthjbzfxs2Q

>>56631380
>>56631436
1F2DKNMTRpbu8q1zM76ZKwjg3DsFayAxDn

I wish i could save in btc. Now it's the time

>>56631395
believing anything anyone posts on this website is retarded behaviour

>>56631439
For record im a 30 yo female from Argentina, struggling with a genetic disease that gave me deformed organs, so any help for my BTC really would help me on long term lol

>>56631541
>>56631493

save this bitcoin now. should settle in an hour. Let it pull you out of the shithole of fiat.

>>56631699
Did u send to me too or just him? I would be impressed bc I've never got money from anyone lol

>>56631699
Thank you anon. Best move now it to wait a couple of months to get some of the bullrun drive, but im saving this. The currency here as you know it's a complete fucking joke

>>56631720
>>56631760

yes. do whatever it takes to save this bitcoin. dont sell for fiat.

It's your only way to escape the nightmare.

>>56631807
Thank you brother, appreciate it.

>>56631807
Thank you so much, I don't know how much sent because I don't see anything yet but whatever it is I really appreciate it

Since this seems to be the rare sane thread in this shithole

How do I *join* 6 figure hell? This is my first bull cycle and I'm at a complete loss. I've been caught completely off guard by everything rocketing up and I'm still almost fully in stables. Luckily I have a decent job and given enough time I will join 6 figure hell, but still don't know what to do in regards to my crypto strategy, especially now that FOMO is kicking in.

>>56632009
Bitcoin only. Hodl for 5 years.

Don't let the shitcoin scammers sucker you into their yeild ponzi schemes

>>56632116
Wait for a dip perhaps?

Or just smash the green button now like Saylor?

>>56632176

smash it pussy

reporting in. was in 8 figure hell during last cycle, couldn't sell due to tax reasons, what am i gonna do with all that money anyway. time to roll over another cycle. been here since 2013 so dgaf

>>56631699
>>56631807
I've got 30 USD worth bitcoin, that's what you sent right? If so thank you so much! This will help me a lot on long run

>>56632009
Pick 3 alts of different narrative categories (i.e. AI, DEX, meme) that had multiple strong rallies during the bear, enter them gradually. Bonus points if they were created during the recent bear and thus don't have a massive supply overhang from underwater baggies. Sell gradually after you pass 10x. Cash out and come back a year after the next peak fades to setup your next 10x+.

>>56630858
Yes i am aware but 300k doesn’t change my life anon. I am not interested in consoomerism, I want freedom of choice regarding work. I want to spend my days how I want to, not be forced to do shit. I think it’s more likely that we see a new ath for ethereum and btc than not. Obviously I can’t exactly stomach it but I have lost money on paper in such a large magnitude in relation to my annual income of 20k€ after tax that even the 300k aren’t exactly real to me. I MUST hit 7 figures

>>56623689
Feels good man. Like a weight is being lifted off my shoulders the closer we get back to my portfolio ATH. I wound up sending 1 BTC on the last two years of travel but I think it was worth it. Now I'm just gonna lie low for a few months this winter, maybe go snowboarding again, but just take it easy.

I do need to plan out my profits taking though, I fucked up last time not taking profits.

>>56632009 here

>>56632701
All in on alts or should I still have a large percentage of corn/eth?

>>56623689
I picked up 2 million Kaspa at 0.5 cents. I'm just going to hold until I have $10 million. Then I'll quit my job and impregnate my wife each year until menopause. Not sure what else.

>>56633440
Um based

>>56623689
The real red pill is that 7 figure hell is the new 6 figure hell. You can’t even buy a house and live off your portfolio. You need at least 4 million after tax to live forever off your portfolio and buy a house.

>>56633440
impregnate other people's wives as well. they won't say no.

>>56623689
The real red pill is that 7 figure hell is the new 6 figure hell. You can’t even buy a house and live off your portfolio. You need at least 4 million after tax to live forever off your portfolio and buy a house.

>>56633398
that's up to you and how much volatility you can reasonably handle. I think for anyone below 5 figs it's reasonable to be all in alts, as long as it's the *right* alts. I'm personally on the edge of six figure hell and still plan to be all in on 4-5 alts this bullrun, but only because I have a decent amount of experience and think my picks have a good chance of outperforming the broad market. If you lack that experience, you might not be able to tell what the right alts are and run the possibility of underperforming. If you want to be humble and take the safe bet it's obviously 100% BTC/ETH. But whether you will be able to make it or not then depends on your income and how much you can feed in before BTC breaks ATH.

There's really no right or wrong answer, it depends on your situation and what you want to try and achieve. If you are able to save a couple grand every month, prob best to allocate at least half of that to BTC/ETH. Maybe all of it. But if you are a poorfag who won't be able to have mid 5 figs in BTC/ETH by the time the bullrun starts in earnest, and you still want to hit six figure hell... well, you have to move further out on the risk curve.

>>56633636
I'm already mid 5 figs and luckily I can save 70-90% of my pay, however I'm absolutely horrendous at dealing with seeing the number go down.

I got into crypto at the stone bottom, never experienced a proper bull market and what's already happening is hard to follow. Feels like everyone's a genius, except me

>>56633621
How does it feel to have that amount of money?

>>56633787
dont be fooled, ur among retards, ur at home.
i think in your case btc/eth would be best.

>>56633934
It doesn’t matter. It’s more depressing knowing that if I sold any of it, I’m further from my goal of making it. I can’t buy a house without a huge down payment. I’m stuck in low 7 fig hell. I feel really bad for you low 6 fig hell boys but trust me it doesn’t get better at $1MM

>>56623689
Those arent sells. Borrow against the shit and explore another avenue of business.

>>56634197
I understand but oh anon.. I would be the happiest man in earth with a quarter of that. Wish you luck brother

>just one more bros, just one more and I'll make it
>NO WAIT I NEED TO KEEP GOING TO RECOUP MY LOSSES, I CAN'T STOP NOW
Lol. Lmao.
You retards really don't know when to quit. Enjoy your inevitable crash to 0.

>>56634288
spoken like a true coward
no pain no gain, faggot.

>>56634336
I've already won niggy. I've cashed out and I'm done. Just make sure to keep a few twenties around so you can afford a rope when this is all over.

>>56627805
hmm i am guessing u had enough to buy 21 btc at one point?

>>56634358
quitting is for losers
KYS.

>>56624473
stop being a retard and put it in vanguard

>>56633440
Dosgusting.

>>56630972
Same. Am 23 y/o student, got about $500 in GRT and $1000 in Counter-Strike skins lmao

>>56624009

Comparing yourselves to people who aren't even playing the game is fallacious

>>56624473

Yup and the inflation has been hitting so crazy that I have no doubt that once again we will see face-melting, reality defying pumps, even though the total market capitalization of this space has certainly gotten xbox controller huge

>>56627950
>>56628122

Why kitchens? Kitchens are some of the most stressful time consuming places to be and the pay isn't good

>>56628238

I think this thesis is very prevalent and very likely to be wrong. Despite the odd fugue state the globe is in, the economy is still very much alive in high-growth areas. This means crypto, AI, yadda yadda. The memes are memes because they aren't memes. You will get eaten alive investing passively in this new economic reality. Shiny rocks will be phased out in favor of electric gold. This is not a speculative market, this is a reality-based market, and the reality based market we're approaching looks like what some of you speculated *6+ years ago*.

A lot of you sound like you're at the crib fucked up right now. I do pray for all of you, especially those who aren't as fortunate as us Western GODS. If you really believe in this space, and contribute in whatever small way you can, I think you still have ample opportunities to "make it". Don't get greedy, don't get stupid, stay frosty. Don't gamble. Remember that you might drop dead anyways and try to take a conservative amount of recreational time to stay sane. Good luck

>>56635921
>Why kitchens? Kitchens are some of the most stressful time consuming places to be and the pay isn't good

My id changed.
Kitchens were a way to get work fast. I needed to work and i couldn't get any code job at my level. If this country weren't so shit I would probably don't need to work so many hours to exist and i could study. I don't know man, with the debt I have and this fucking country and the elections about to end I don't see any bright future for me. I really wanted to do things