/biz/ - Business & Finance

[Anonymous No.10565465]

>have 21 BTC
>still depressed because by the time im rich i'll be too old to care

[Anonymous No.10565488]

if you've got 21btc you're already rich you fuck how much money do you think you need really

[Anonymous No.10565501]

>>10565488
What sort of shithouse country do you live in? 21 btc is good but it’s less than 150k

[Anonymous No.10565507]

>>10565488
it's not possible to convert BTC into real money.

[Anonymous No.10565515]

lmfao, keep fighting. It will be better than any other investment, and you at least have the option to cash out anytime unlike the cuckmarket.

[reluctant kneepad girl No.10565516]

5 years at most
Wtf are you talking about?

[Anonymous No.10565537]

21 btc was the latest meme, before that the goals were 210 and 2100. owning 1 millionth of even the entire crypto market is only worth 255k, and was not even 1M at the peak.

your real goals should be owning at least 1 in 100,000, or less.

[Anonymous No.10565539]

>>10565488
21btc can't even buy you a house if you are from a first world country

[Anonymous No.10565566]

>>10565501
i literally need 1btc to turn my life around, if you need more than that, then your problem is not money

[Anonymous No.10565567]

>Portfolio was worth 31 btc at peak w/ $20k btc value
>Now worth 17 btc thanks to hodl meme, $7k btc
>haven't bought, sold or traded any crypto in two years now

Fucking kill me, what's the point of living

[Anonymous No.10565585]

>>10565566
That only means you are from a shithole third world country

[Anonymous No.10565604]

>>10565567
i'll kill you before august ends if you hand me 1btc and leave a name for me to find you

34dWjBM5FbJCzhTD5BV8PVp8YgMvqac3Hi

[Anonymous No.10565606]

>>10565465
you could buy a 2 bedroom condo for that much, what are you complaining about? (lol)

[Anonymous No.10565616]

>>10565567
don't listen to this faggot >>10565604
I'll do it for .9 BTC

[Anonymous No.10565632]

>>10565606
everybody that jumped on crypto relatively late had it in their heads that they would be able to get so rich they would never need to work again, forgetting that just like real life, only <0.01% of crypto investors would ever come close to that goal, even those that made money.

[Anonymous No.10565657]

>>10565566
Would you buy a bathroom? Jesus 6k isn’t gonna fix your life

[Anonymous No.10565772]

>>10565657
talk for yourself you moron
makes me even angrier to see people on here spitting on money that i am working God only knows how hard to get

fuck you rich-born pieces of shit

[Anonymous No.10565794]

its worthless now because you cant cash out

[Anonymous No.10565804]

>>10565465
21 * 7k = 147k. In my country you are rich already

[Anonymous No.10565842]

>>10565794
what's this about? why couldn't he cash out?

[Anonymous No.10565857]

>>10565842
in most countries the govt will be fucking you over with transaction history and taxes

[Anonymous No.10565870]

>>10565857
well that's always been like that

[Anonymous No.10565884]

>>10565772
I know some spoiled faggot who literally spends $5000 a month traveling - his family is loaded. He wonders why other people are so poor and attributes it to you just being dumb and lazy :^)

[Anonymous No.10565927]

>>10565772
>makes me even angrier to see people on here spitting on money that i am working God only knows how hard to get

LOL the saudis are importing every attractive young girls from america for animal fucking with american taxes and you mad at crypto bros.

[Anonymous No.10565933]

>>10565870
what if they say you commited tax evasion by not reporting your gains in time?im not saying this is so, just think it may happen

[Anonymous No.10565942]

>>10565465
you already made it. Just enter /cocoon/ mode for a year or two working 100% on yourself and you will be rich as fuck my man

[Anonymous No.10565966]

>>10565927
if he's upset about a few grands he's not american mate

[Anonymous No.10565978]

>>10565507
>he still doesn't get BTC is the only real money

>>10565488
the purchasing power of 21 BTC is dogshit right now

when I can finally buy a nice house with a pool so i dont have to live with my mom + have enough remaining money that i can life off divids or other passive income i will be too fucking old and my best years will be gone

i will be half bald, needing viagra to get epic hardons, low energy etc

[Anonymous No.10565997]

>>10565966
america is the place where i'd be the most upset given where im at financially
at least in my country i can try to move up, in america id be fucked up for good

[Anonymous No.10566012]

>>10565804
It actually makes me physically sick to think about these poorfags lurking on this board. Desperately trying to turn their 50 euros in 5000 euros so they can 'make it'.

People like this shouldn't be allowed access to the Internet. The thought of them reading my comments makes my feel unwell

Don't @ me

[Anonymous No.10566023]

>>10565566
LOO

[Anonymous No.10566045]

>>10566012
yeah poor people suck

[Anonymous No.10566061]

>>10565537
it's way less than 1 millionth

consider all the BTC that are lost

there's probably around 1 million BTC moving at all times, the rest is either lost or in deep cold storage

this is why most people here are low IQ and hold less than 1

but still, you need at least the purchasing power of $10million to be happy, do the math

you need a house like pic related which goes around 900k€ in spain (not moving to a shithole so inb4 thailand or whatever other places pretend-rich people go to rot)

you need a couple of flats in big cities to rent so you get neet bucks

400k€ x4 = 1,600,000 €

you then need a nice car because the villa you live in at has the supermarket and stuff a couple km away

i dont even need a lambo, just a solid 50k€ car I guess

the 50% remaining BTC must remain in BTC or diversify a bit in other places

+ getting raped taxes because I have no fucking idea how taxes work and probably havent paid a lot of shit

this sucks desu

sure I could wait like 15 to 20 years and become a billionaire as the fiat scam crashes and the wealthy goes to BTC as the schelling point due Ideal Money properties of BTC and then I would basically paid 0 tax as the clock resets, but what for? I would be like 45 years old and probably crippled due having lead a shitty hikkikomori life during my prime years

[Anonymous No.10566079]

>>10566061
you need a villa plus two places rented? do you have the virtue of omnipresence nigga?

[Anonymous No.10566088]

>>10566079
He means you own them and rent them out, read better

[Anonymous No.10566103]

>>10566061
have you hired a consultant for your taxes?if so, was it worth it?

[Anonymous No.10566110]

>>10566012
This

[Anonymous No.10566119]

>>10565632
>late
i got in in 2013 when mtgox crashed and you mongs were calling bitcoin "a dead meme"

i was born in a poor family so i did as best as possible during the best opportunity (post-mtgox crash when like I said before, low IQ mongs everywhere were calling bitcoin dead which made my bull signal alarms go at full effect so i was hustling btc in any way shape and form possible)

[Anonymous No.10566133]

>>10566103
i consulted some guy a while ago and told me that in principle i dont have to pay anything unless i convert to fiat so for now im just holding it all

some other guys say other things

its still very confusing, i dont know who to trust, in case of doubt ur wallet is the only safe place

[Anonymous No.10566139]

>>10566119
Now you’re rich and not a disgusting poorfag, congrats

[Anonymous No.10566167]

>>10566061
If you move to the Netherlands you have more than enough with 1.5M to live a very easy and comfortable life.

If you buy three houses ~750K you can earn ~4.5K a month TAXFREE (no tax on income through rent). That is >50K a year which is more than the median Dutch income. And that is without spending a single hour on working.

Then you still have 750K left to invest and use for entrepreneural projects while you live of the rent.

Unless you wanna buy golden lambos 1.5 is more than enough.

[Anonymous No.10566172]

>>10565933
look at past precedents and see what happen

its in their interest to get our taxes if we decide to cash out, otherwise they are asking for us to go to a jurisdiction in which our money will not be robbed

im willing to pay taxes but not to get assrapped after all the effort i put into this

i had 0 fucking idea about anything and had to learn on the internet the best i could

[Anonymous No.10566178]

>>10566133
im also holding. try to see if having a company would be profitable. in my country id have to pay 1% in taxes if i convert to fiat trough a company. its 10 times less

[Anonymous No.10566198]

>>10566133
You can buy houses directly with crypto. What then? How does that work with tax?

[Anonymous No.10566221]

>>10566167
>having to live in Holland
Enjoy your raw herring and 7ft women

The uk is genuinely one of the best places to domicile. One of the safest places for finances, government have been historically kind in terms of rich ppl taxes (cap gains etc). All the biggest money criminals have something in the UK. You don't even have to live here, just buy a place and setup a bank account.

[Anonymous No.10566224]

>>10566012
we are not poor, you are too rich. Enjoy it while it lasts burger, these are your last decades of hegemony

[Anonymous No.10566241]

>>10566167
I dont know, when people say "move to this place, its awesome no taxes bro" im always skeptik

its like when people say in portugal there's 0 tax on crypto related stuff, they also point to very low taxes for digital nomads (adsense etc)

i really need to look into that since european citizens have it easier

the problem is i would be a legit MANLET in netherland getting towered by big blonde motherfuckers left and right

what is the real average weight in holland? i mean real, not the statistic one which is pumped by the rich

i mean the average person you meet, how much are they making? and hows the life expenses?

also how is the escort scene there

[Anonymous No.10566252]

>>10566198
i dont know, i guess in 5 years these things will be more clear, i dont want to be their guinea pig desu

[Anonymous No.10566267]

>>10566221
Lol. First of all, start using the metric system instead of that awful retard of a system.

Secondly, most women here are short and most people dont eat raw fish.

Thirdly, NL is one of the wealthiest countries in the EU with the best infrastucture, awesome supermarkets and relatively good cities to live in.

Fourthly, like I said, there is no tax on rental income, no dividend tax and as far as I know rich people seem to like it here.

So now that you know all this...what now?

[Anonymous No.10566273]

>>10566221
but im not rich, "the rich" that get special deals with the taxmen are really rich like 100+ million

lol at people thinking just because you have a couple million the taxman is going to give you a special treatment

it all depends how fast the fiat clusterfuck advances in relation to BTC purchasing power increase

if in 5 years 21 BTC make you strong enough to set deals with the state then that's something, for now im still a cuck

[Anonymous No.10566279]

>>10566224
>we are not poor
Literally only needs 150k to be rich.


Pmsl, I guess they can't afford teachers for your schools either?

[Anonymous No.10566320]

>>10566241
Income taxes are high af. But rental income is considered income on saving which is taxed 1.2%. That's the whole story nothing more to it.

How tall are you? The whole "Dutch women are super tall" is not true.

I am using the median not the average. So the number isn't pumped by the rich. That's the whole point of using the median.

Life expenses are fine. Rental market is blowing up too fast tho. The housing market in general is.

No idea how the escort scene is. It's all legal so I assume pretty good.

[Anonymous No.10566358]

>>10566279
150k look like little money to you cause your wages are 50k+ per year and you have to pay taxes on everything. A decent house here costs 40-80k while in burgerland they go for 300k to 1 million or more. 150k doesnt make you rich here but you are very well off with it if you invest wisely.
Teachers go in strike very often cause their pay is shit, but at least we dont get hundreds of thousands in debt for education

[Anonymous No.10566407]

>>10566061
So go live your life dude

[Anonymous No.10566409]

>>10566358
How much does a house like this cost in your country? are you the dutchfag?

[Anonymous No.10566423]

>>10566320
well im making some income from adsense myself so im not looking forward to getting raped by taxes, in spain it's alreay high enough that it makes me suicidal

im like 1.75m

[Anonymous No.10566431]

Dutch fags pay 60% income tax
don't be fooled

[Anonymous No.10566459]

>>10566409
probably 100-200k. Not a dutchfag

[Anonymous No.10566469]

>>10566423
I'm 1.80, which is slightly longer than most guys or just as tall. Almost every women I meet is at least 5-10 cm shorter than I am.

>>10566431
Yes, INCOME TAX is high. RENTAL INCOME isn't subjected to income tax but Box 3 wealth/savings tax which is 30% of 4% i.e. 1.3%.

[Anonymous No.10566477]

>>10566407
i need the money first. i cant do shit without money other than roting in by bedroom

[Anonymous No.10566490]

>>10566469
1.2 I mean.

[Anonymous No.10566517]

>>10566061
even considering what was lost, it's still over 750,000. at least a whole order of magnitude too large to matter. my point was you should be aiming for at least 1 in 100,000 if not much lower.

10M is a little on the low side given how easy money has been from crypto so far, but at least it's the right order of magnitude

[Anonymous No.10566528]

>>10565566
Yeah I can’t even pay 4 months rent with that reeeeeee

[Anonymous No.10566575]

>>10566119
that doesn't change anything in my post. you ended up with only 21 btc and yet you're dreaming of this fantasy that only come to fruition for a few thousand people in total in crypto.

getting in after mtgox is definitely on the late side, given how mainstream crypto and the silk road were at that time. it doesn't mean you still can't make money, but most of your profits at that point would have come from alts like ethereum if you were smart enough to buy some sub $1. as far as bitcoin goes, it was late at that stage.

[Anonymous No.10566634]

>>10566575
>getting in after mtgox is definitely on the late side

What is the world are you talking about anon. I bought BTC at the end of 2016 for 200-400$ per btc. My ATH was 1.5M but I lost it all because of holding.

The late side? Crypto is still a very very very immature market and if it does succeed it will blow up.

If you compare it to btc being 10 cents well yes then you can consider it "the late side" but that is a useless comparison.

[Anonymous No.10566976]

>>10566634
you can't keep changing the definitions of early and late. bitcoin was very well known after the mtgox/silk road scenario, the fact that the price proceeded to do nothing but go down for another 2 years is irrelevant.

if you're only concerned with profits, you could argue we're still not "late" because of how many shitcoins exploded into 50-100x gains. that's no the point, all that matters is the growth phase of crypto, and we are definitely into the low growth phase at this point.


it's simply not mathematically possible for you to see the kind of gains early adopters enjoyed anymore, the market might not have matured, but the valuations have at a much faster rate, which is the whole point of a bubble like the one we're in.

[Anonymous No.10567514]

>>10566061
godspeed anon
but that is one ugly ass house if you look closer

[Anonymous No.10568085]

>>10566469
well, some of my bitcoins aren't bought, i got paid for some freelance activities... so this would go under income tax?? which means if i go to holland these bitcoins would get raped...ehh

[Anonymous No.10568107]

>>10566517
Of course you should be aiming at having 1 million BTC, but lets be realistic

>>10566575
there are not enough millionaires NOW if they wanted to own 1 BTC. it is obvious that i will be rich during the next decade, it's a physical law, if you understood what bitcoin is you would understand this. the problem is, i will be too fucking old in 10 years.

[Anonymous No.10568152]

>>10566976
We haven't even reached 1 trillion, dotcom bubble was 6.7 trillion, and Bitcoin is a 21 trillion marketcap asset eventually since it is Jonh Nash's Ideal Money. Please go stufy, you dont understand the fundamentals, which is why im not gambling my moon tickets on the shitcoin market.

[Anonymous No.10568174]

>>10568107
i didnt say 1M BTC, i said a good target is 1/100,000th or 1/10,000th depending on how late you got in.

the vast majority of millionaires have no desire to own any bitcoin though, sure it's probably going to go up like the rest of the crypto market, but unless BTC hits 1M/21T market cap i wouldn't keep holding out and holding onto those 21 like they're some magical ticket.

[Anonymous No.10568217]

>>10568152
and 1M BTC is only 50x the ATH of 20k. we're undoubtedly out of the high growth phase, there's no need to be so emotional about it.

[Anonymous No.10568371]

>>10565488
I got 50 and I am suicidial because of how poor I am

[Anonymous No.10568392]

>>10566061
ets catala?

[Anonymous No.10568772]

>>10568152
>>10568217
and not to mention for it to be 1m btc, it would have like a 15 trillion market cap. In perspective, apple just got a 1 trillion market cap and amazon is still at 900 billion.

[Anonymous No.10569916]

>>10568174
>the vast majority of millionaires have no desire to own any bitcoin though
Because they haven't realized yet that it's the schelling point in which they will need to appeal may they want to keep their wealth when the fiat clusterfuck is reset

[Anonymous No.10569948]

>>10565465

buy a bunch of pepe plushes

[Anonymous No.10570608]

Owning over 100 ETH is the magic ticket. ETH = 50-100k by 2030

[Anonymous No.10570630]

>>10570608
This.
Hey into Conventment ASAP since that’s going to fuel this growth

https://denverweed.com/conventments-upcoming-b2b-iot-platform-potential-streamline-colorados-cannabis-industry/

[Anonymous No.10570992]

>>10568772
Bitcoin isn't a company fgt

[Anonymous No.10571748]

>>10566061
holy fuck you're either retarded or hopelessly hedonistic if you think you need at least 10 million dollars to live comfortably

[Anonymous No.10571785]

Be entrepreneur, invest BTC into my jewelry collection. Collect dividends.

[Anonymous No.10571814]

>>10568772
it's possible though, if it ever gets used as actual money in a global scale. my point is even if bitcoin hits 1M that's still a measly 50x gains.

>>10569916
there are multiple avenues for them to keep their wealth though, this line of thinking is just the equivalent of boomers hoarding gold, and i say this as someone with 95% of my NW in btc/eth

>>10571748
you definitely don't, but i agree with him that if your intention was to get rich with crypto, you have to think a lot bigger than regular investing, or there's no point. keyword is "was" though, if you're getting in today you need to lower those targets by a zero or two.

[Anonymous No.10571835]

>>10565978
Why the fuck are you living with your mom with 21 btc are you insane

You can go get a place to rent for cheap anywhere

You dont have to buy a house