/biz/ - Business & Finance

[Anonymous No.17095799]

>invest 1k in crypto-currency
>becomes 1300$ dollars in value
>only sell 300$ worth of it retaining the 1k i put in

is how you make a profit from cryptocurrency or am i doing it wrong?

[Anonymous No.17095822]

>>17095799
depends..but if you were to 'play with the houses money' you should sell $1,000 worth and leave the $300 in. Not just sell $300 worth.

[Anonymous No.17095836]

yep, it is, ALWAYS take profits anon, don't listen to the other greedy fucks out here. I started off with $50 with this strategy now I made $900 for free and my $50 initial investment still in crypto!

[Anonymous No.17095837]

very good 4 dollar portfolio sir, if you want to make it invest in BitCoin and you will have 40 indian rupees by end of milennium, prety god profits sir, please invest

[Anonymous No.17095842]

>>17095822

then you won't make as much if you only leave 300 dollars worth

[Anonymous No.17095890]

>>17095799

30% win on 1000 = 1300
30% win on 1300 = 1690
30% win on 1690 = 2197
30% win on 2197 = 2856
30% win on 2856 = 3712


30% win on 1000 = 1000 + 300
30% win on 1000 = 1000 + 600
30% win on 1000 = 1000 + 900
30% win on 1000 = 1000 + 1200
30% win on 1000 = 1000 + 1500

3712> 2500

fucking pajeets learn compounding investing you niggerish pieces of shit you are not going to make it, dont even try

[Anonymous No.17095916]

>>17095890
This

[Anonymous No.17095917]

>>17095822

there is no "house money" faggot, if you won it its now yours, you took it from another faggots and now its in your property.

dont excuse yourself for being a degenerate gambler just because "its house money bruh, im mooooooooning"

fucking degenerates

[Anonymous No.17095928]

>>17095799
and imagine this, you can legally get more money from the exchange and trade with those 1300 like you would with 13000.
if 1300 go up 5% you make 65 bucks but if you take more money from the exchange you can make 650 with the same money and the same trade!

[Anonymous No.17095935]

>>17095917
if you invested $1,000, then sold the $1,000 and left $300 in that's 'house money'. You're trying to fight something that has no argument. Fuckin loser

[Anonymous No.17095945]

>>17095935
nah you're a retard sorry bro, you're just a bitch who pussies out too early

[Anonymous No.17095960]

>>17095928

try writing in some understandable language you fucking basement dweller schizo

[Anonymous No.17095967]

>>17095945
you never made a dime and are a salty bag holder. Clearly why you are so mad and fighting people for no reason.

[Anonymous No.17095976]

>>17095967
>>17095967

> if you invested $1,000, then sold the $1,000 and left $300 in that's 'house money'. You're trying to fight something that has no argument. Fuckin loser

> you never made a dime and are a salty bag holder. Clearly why you are so mad and fighting people for no reason.

[Anonymous No.17095986]

>>17095967
cope

[Anonymous No.17096007]

Don't forget to add in the 30% tax you will pay on that short term gain if you are a burger.

[Anonymous No.17096032]

>>17095960
for small fee you can get more money from exchange
you can trade with that money
if you buy low and sell high you can make more $$$

[Anonymous No.17096037]

>>17096007

> dont forget to pay your taxes fren

imagine actually paying taxes in crypto lmao

[Anonymous No.17096057]

>>17096032

well, at least you try.

[Anonymous No.17096074]

that 300$ could be life changing money if some of your coins pull a XRB -tier pump. i remember taking 300$ profits on ETH when it was 10$'ish in 2016

[Anonymous No.17096091]

i lost 20 cents in the past few days due to bitcoin and ethereum

i am gonna take the profit from tezos and invest it in another cryptocurrency

[Anonymous No.17096094]

>>17096074

> XBR

[Anonymous No.17096106]

Buddy of mine took out his initial investment after making good gains with REQ. Bagheld the rest down to nothing. I was jealous of him playing with "house money" for a while but I kept DCA acoomulating btc, eth, link and now I am back in profit and have a substantially larger position. I do plan on making a plan to take out my initial at a certain benchmark if GBR ever happens

[Anonymous No.17096123]

>>17096091

> mfw my 4 amerikan dollars portfaolio becames I a bitcoin milonaire in 2021

[Anonymous No.17096142]

>>17096123
i'll be sure to post about it when that happens.

[Anonymous No.17096149]

>>17096142

[Anonymous No.17096151]

>>17095890
What the fuck does that second part even mean are you saying don’t take profit

[Anonymous No.17096183]

>>17096151

Try focusing your brain and if you try hard enough maybe.. some day you will get it.

[Anonymous No.17096184]

>>17095890

if you don't take the profit you risk a loss. it fluctuates

[Anonymous No.17096194]

>>17095890

[Anonymous No.17096207]

>>17096184

> what do you mean I can lose my hard earned amazon warehouse federal reserve notes?

[Anonymous No.17096217]

>>17096194

are your fathers siblings by any chance?

[Anonymous No.17096237]

>>17095836
>$50 IN CRYPTO

[Anonymous No.17096308]

>>17096183
Don’t care enough to translate some brain let who doesn’t know how to properly express his retarded concepts

[Anonymous No.17096331]

i plan to invest 2k in bitcoin when bitcoin is very low and then sell it when it's high

i think i could make around 50 dollars a day doing this

<
this is how much it flucuates within 24hours
better than being a wage cuck

[Anonymous No.17096342]

>>17096331

forgot screenshot

[Anonymous No.17096356]

>>17096331

Holy shit the normies are coming back unironic bull flag

[Anonymous No.17096360]

>>17095799
Doing it wrong.

Need to consider 1) fees and 2) taxes. Both eat heavily into your profits.

Taking $300 probably isn't worth it after fees and taxes. Taking $1,000 might be.

[Anonymous No.17096363]

>>17096331
>I plan to buy low and sell high
Was getting Just'd part of your plan?

[Anonymous No.17096371]

I'm dollar cost averaging into bitcoin every week and plan to hold it long term. The thing is I barely know anything about cyrpto. Is this a decent strategy or is my boomer thinking going to leave me with nothing?

[Anonymous No.17096381]

>>17096331
good luck with that volatile shitcoin

[Anonymous No.17096410]

>>17096237
Nigga did better than all of us combined, stfu.

[Anonymous No.17096416]

>make $50
>coinbase bans you for cashing out

Absolute state of coinbasers

[Anonymous No.17096423]

>>17095799
Not if you're a burger. Capital gains + state tax if it applies. Don't forget FIFO, and any crypto-to-crypto trade except wallet/exchange transfers are taxable events.

[Anonymous No.17096429]

>>17095799
>Not understanding compound interest
Have you ever heard of Einsteins 8th wonder of the world?

[Anonymous No.17096450]

>>17096331
>>17096342
>>17096360
>>17096410
>>17096423

this level of pajeetery, please hitler come back

[Anonymous No.17096455]

>>17096091
You're better off taking your XTZ staking rewards and just holding.

[Anonymous No.17096702]

>>17096450
>14 posts in this dogshit thread

JEsus Christ you're pathetic and you hate your life. You've definitely thought about blowing your brains out at least once.