[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 6 KB, 443x208, 100k.png [View same] [iqdb] [saucenao] [google]
17105503 No.17105503 [Reply] [Original]

am i gonna make it?

>> No.17105506

how old are you?

>> No.17105510

>>17105503
Depends; what you holding?

>> No.17105512

>>17105503
youve already made it in my book
if i ever have $100k im fuckin out of this shit show

>> No.17105513

Why do you keep your coins in coinbase?

>> No.17105515

>>17105503
>coinbase
Good job, IRS will be sending you a letter shortly.

>> No.17105518

>>17105512
This

>> No.17105523

>>17105506
>>17105510
26
mainly BTC

>> No.17105539

>>17105512
100k is unironically worthless unless it's being used to generate a return.

>> No.17105562

>>17105515
>>17105518
>>17105513
where should i keep my coins if i live in burgerland

>> No.17105565

>>17105512
had 150k at the top (all-in link)

its really not that much money if you live in a 1st world country. Cant even buy a proper flat from it lol.

>> No.17105596

>>17105523
yes holy shit. I only just hit 2 BTC

>> No.17105604

>>17105512
this 1000%

this next rally i will be lucky to walk away with 5 figures, which is still way more money than I am used to having.

>> No.17105611

>>17105562
Hardware wallet.

>> No.17105612

Maybe start moving things off of Coinbase and into several different wallets though

>> No.17105650

>>17105503
it depends

>> No.17105717

>>17105650
on?

>> No.17105743

>>17105503
Swap to coinbase pro for lower fees and better withdrawals

>> No.17105781

>>17105503
I'm literally so close I just need my FRM bags to moon a bit more

>> No.17105801

how much did you initially invest?
I've put €16k into crypto, if I sold it all today I'd have about €10k

>> No.17105839
File: 58 KB, 2760x2000, perhaps.png [View same] [iqdb] [saucenao] [google]
17105839

>>17105503
put 25k in gold 25k in silver and use the remainder to continue gambling on shitcoins

>> No.17106017

>>17105801
bought at the absolute top in 17, been getting raped for a long time, but every paycheck i got since, half of it went into Bitcoin. i havent had a life in over two years, didnt go out, didnt shop unless its necessitates, havent bought clothes or anything

>> No.17106034

>>17105839
gold n silver wont give me BTC returns anon, especially now. Maybe two years ago but not today

>> No.17106064

>>17106017
Extremely based

>> No.17106084

>>17105512
>youve already made it in my book
houses in Europe are atleast 200k

>> No.17106098

>>17106084
i know 100k is nothing and i am selling here no way. Hopefully 2020 is the 2016 of this cycle and we are just getting started in a bull market

>> No.17106145
File: 50 KB, 656x513, 0cxs6kv3zps31.png [View same] [iqdb] [saucenao] [google]
17106145

>>17106098
You're good bro...just make sure to start selling gradually towards November and into 2021. Don't try to time the top.

I'm in the same situation, I'm sure there's plenty of anons too. GL

>> No.17106153

>>17106145
cheers anon, hope you fucking make it :)

>> No.17106161

>>17106084
houses? i live in a 2nd world european country and 100k EUR gets you a shit 25-35m2 apartment

>> No.17106163

>>17106017
Are you me? I bought ETH at the top, but continued to buy all the way down and bought a LOT around $100. I broke even on ETH just today, which is amazing to me since I bought originally over $1k. I am 2x overall though since I bought into the Link ico, I wish I had just gone all in Link, but I am glad with my position in ETH now with the upcoming bullrun.

>> No.17106192

>>17105743
what are the requeriments to be in coinbase pro? why do they even make a difference from coinbase to coinbase pro?

>>17105611
whats the point? one you buy in coinbase they already know, pay your taxes or get fucked

>> No.17106212

>>17106192
You won't lose your money if coinbase gets hacked

>> No.17106229

>>17105503
>being on the IRS exchange
good job keeping your money yours.

>> No.17106253

>>17106229
majority of the stack is over a year old and if i hodl til next year i would be taxed at 15%.....small price i am willing to pay to making a decent chunk of profits

>> No.17106268

>>17106229
What exchange should someone use? I'm new

>> No.17106296
File: 43 KB, 640x640, zxp8nei0lkfz.jpg [View same] [iqdb] [saucenao] [google]
17106296

>>17105503
> 100k on coinbase
As soon as you want to cash out coinbase will lock your account

>> No.17106298

>>17106268
You shouldn't try to trade if you're new.
buy bitcoin locally and spend a lot of time (>40) learning before trading.

>> No.17106303

>>17106296
where else do you cash out from then? seriously

>> No.17106309

>>17106229
Aren't all exchanges cucked by tax authorities already anyway?

>>17106253
If you move your coins to a wallet, you lose that "1-year-holding" clock? thats retarded. Even if you moved to a wallet, you still didn't sell, so would technically be holding.

I wouldn't keep 100k worth of BTC on any exchange, even if its Coinbase, it still can be hacked.

>> No.17106312

>>17106298
40 what?

>> No.17106323

>>17105512
>>17105604
>>17105518
actual children posting on /biz/
>>17105539
>>17105565
>>17106084
these anons know

>> No.17106329

>>17106309
i hate wallets, i've already lost lots of money in wallets, lost wallets, lost seeding words, forgot the passcode................never again

>> No.17106335

>>17106212
Coinbase has insurance against breaches which covers such losses. Unless your own account is "hacked" because your password is pw123.

>> No.17106344

>>17105503
Godspeed you giant faggot. Godspeed

>> No.17106353

>>17106084
must be in Eastern Europe

>> No.17106377

>>17106303
keep it offline and use the exchange exclusively to buy and sell, but, never let them have the key for more than 2 minutes, there is no point in giving them custody
also, sell in batches

>> No.17106379

>>17106312
hours.. lol.

>>17106309
dunno but you bet coinbase is more than binance. based ChinkZhang doesn't care, he even shills his own coin all the time.

OP that's still an impressive sum, didn't mean to drag you down. I don't expect to get much more at the end of this cycle since I started a poorfag.

>> No.17106406

>>17105523
Maybe. I think you will be lucky to get a 10x with that folio though. If you held LINK or ETH I'd give you better chances to make it.

>> No.17106451

>>17105503
with 100k I'd be rich and wouldn't need to be here at all, i'd move to usa work a regular job and then return back to my shithole and live like a king

>> No.17106477

>>17105503
Based. Congrats. 20x from here and you made it buddy

>> No.17106935

>>17105503
Thats abooooooout.... tree fitty after taxes?

>> No.17107024

>>17105503
And to answer your question, I have a bit more and I’m a bit younger.

It’s far from made it to me.

It’s not enough to buy a house even. It’s literally like one year of salary.

But, at the same time the only way to get it to a point where you can say you made it you’ll need to keep it in high risk assets. And a fucking 20% swing in the wrong direction losses you $20,000 and puts you below six figs which mentally sucks.

Someone in this thread mentioned gold and silver. Strongly agree. This is what keeps your inner baller that made the money in the first place from gambling it all on dick coins and losing everything. Gives you a fall back with solid annual return for the coming 5yrs atleast

>> No.17107077

>>17105512
What are you, 14 years old??

>> No.17107110

>>17105503
If you had done the needful and moved to India, you would have already made it. Please thank you and come again nicely sirs.

>> No.17107119

get gold & stack silver bro

>> No.17107244

>>17105503
David?

>> No.17107305

>>17106303
Use Kraken it works like a charm, I often receive the money on the same day I cash it out.
It's shitty for daytrading but as a FIAT gateway it's the best in my book.

>> No.17108364

>>17106084
bullshit where do you live? Belgium is hella cheap on real-estate, 100k can get you a home in a shithole Wallonian city

>> No.17108474

>>17107305
He stilll needs to pay taxes, the money is going into his bank right?

>> No.17108544

>>17108474
You can put it on paypal but once you start spending it the government will starting thinking your into some shady shit might not be worth in the end.

>> No.17108612

>>17108474
offshore it

>> No.17108707

>>17105512
lmaooo all these poor fags in this thread, how fucking big of a degenerate do you have to be where 100k changes your life? I don't even think 100k would change a full time mcdonald's worker's life

>> No.17109199

>>17106335
It only insures up to $250k, so you'll need a HW eventually. I recommend Trezor.

Just make sure to use the passphrase feature, otherwise the private key can be extracted if the attacker has the physical device (this goes for all hardware wallets, not just Trezor). The passphrase isn't stored on the device, and that's why it prevents this attack.

>> No.17109291

>>17109199
how do you get a hardware key that isnt tampered with by chinks to backdoor and steal your coins? i read reviews for devices like Trezor on amazon and tha shit scares me, people say they noticed the key had been tampered with or detected malware when they plugged it in or noticed network activity despite everything appearing clean

>> No.17109314
File: 237 KB, 568x553, 3F0AC686-E3D5-4F94-AADC-B234315E1084.jpg [View same] [iqdb] [saucenao] [google]
17109314

>>17108707
The overwhelming majority of people are deep in debt and have nothing anon

>> No.17109337

>>17105503
Btc dominance is on a down trend rn so alts are gonna outperform. buy some monero and say your shit got hacked or something

>> No.17109339

>>17108707
i could retire off 100k, buy one house for 50k and a 200k house with a 50k downpayment and rent it out

>> No.17109383

>>17109291
True. I'm actually going to move most of my funds over to a paper wallet for this reason.

The way I'm going to create my paper wallet is to roll dice for each character of the private key, then download three different pieces of software that derive the address from a private key, Then I'll disconnect from the internet, use each program to derive my address and make sure they all match, then write down the address, then restore my PC to factory state.

>> No.17109556

>>17105512
im 23 and with 100k from bitcoin, shit is worthless in australia where houses are millions

>> No.17109582
File: 24 KB, 474x423, 1580957163323.jpg [View same] [iqdb] [saucenao] [google]
17109582

>>17105503
gratz anon keep it up

>> No.17109594

>>17109339
What 3rd world shithole do you live in?

>> No.17109623

>ITT: seething jews that can't understand being happy with "only" 100k

you need more love in your life

>> No.17109722

>>17105512
if you managed to get $100k swinging coins, at $100k you're just getting started

>> No.17109749

>>17106406
Is LINK actually viable in the next bullrun beyond just being a shitcoin that will go up in fiat value due to BTC going up? It's certainly getting as much hype as ethereum did in 2017, but my understanding is that it still needs ethereum to function (or rather it's the other way around), so if ethereum goes then chainlink goes with it

>> No.17109757

>>17106145
lmao, this confidence is unreal. We are NOT going to just bull forever

>> No.17109780

>>17109556
cant you just build your own house for $100k? isnt land in australia literally unlimited?

>> No.17109829

How much did you put in?

>> No.17109994

Fuck guys, you fucking scared me, I'm in Coinbase too, it's easy and one of the most secure by reviews, why you fucking scared meeeee, REEEEEEEEEE, I DON'T WANT TO BE HAKEEEED, Plz Mr. Roboto leave me ALOOOOONE.

Really guys, why u say this platform is shit? Someone said they close you account when you want to cash out is this shit true?

>> No.17110045

>>17109994
Are you new or just retarded? What, you think Coinbase has found a way to keep every single account holding real money 100% secure? Are you fucking retarded? Do you just not remember all the exchange hacks or are you too new to even know about them?

I don't get how people are this stupid and just leave THEIR MONEY with someone else, it fucking blows my mind.

>> No.17110056

Wasn't the entire motto "be your own bank"? What the fuck happened? How did people get so stupid so quick?

>> No.17110205

>>17110045
I'm fucking new here, just try to make some money for my family and for leave my 12h wagie in the cagie job. So what I need to do for keep my money and crypto safe? I have a shitty pc full of virus and I make my transition on the phone, how can I make sure some jew hacker don't fuck my shit up and steal my LINK?

>> No.17110218

>>17105503
>keeping over $100k worth of assets on Cuntbase
There's only one kind of token holder that could be this dumb.

>> No.17110231

>>17110205
He ain’t gonna tell you kid, and if he tried the truth Is that it’s so horribly complicated to keep a private key secure from all vectors (physical theft, fire, malware, memory loss) that most people are better off using coinbase. If you’re that worried split your funds 50-50 between coinbase and a paper wallet

>> No.17110237

>>17110045
>>17110056
I had read about offline wallet but If some hacker can hack Coinbase why the fuck they can't hack my useless old pc. Coinbase have 20million user, a far better security then my personal coronavirus (pc) or I'm wrong?

>> No.17110247

>>17105503
join @chadlounge on telegram

>> No.17110268

>>17110218
Whyyy? Where u hold ur shitt? Don't criticised without sharing a solution stupid boomerang

>> No.17110277

>>17105512
yeah mate, then you'll get it, then you'll still come here, then you'll be talking about 1 million

/biz/ is a life sentence

>> No.17110298

>>17105512
Would unironically need 100x that amount to even begin to feel comfy

>> No.17110320

>>17110237
LEARN WHAT A HARDWARE WALLET IS

THEN BUY ONE

DO I NEED TO HOLD YOUR HAND?
Cause I will.

>> No.17110344

>>17110231
>paper wallet
Hurr durr let me just type in my key on this keyboard what could possibly go wrong? Keyloggers? Someone looking at my fingers? Security cameras? Don't know what all those things are haha.

>> No.17110351

>>17110237
if you did any research you'd know that coinbase stores 98% of its assets in secure deposit boxes which is of course safe from hacking. I don't know how they keep it safe from insiders though and crypto isn't fdic insured so be careful.

>> No.17110395

>>17110351
>coinbase stores 98% of its assets in secure deposit boxes which is of course safe from hacking
Keep telling yourself "my coins are in cold storage" maybe one day it will actually be true.

>> No.17110418

>>17110320
Ye plz daddy old my hand, tell me how to not be gang banged by hackers. So I need an hardware wallet, but it can be hacked to?
>>17110351
Ye I did my reserch and I know this 98% and I think Coinbase is fidc too

>> No.17110436

>>17110351
https://www.coinbase.com/legal/insurance

>> No.17110472

>>17110418
The hardware wallet is not connected to the internet, so hackers by definition cannot access it

The private keys are permanently on the hardware wallet, when you set it up it instructs you to write down your secret backup phrase ON PAPER. Don't use a computer unless you enjoy losing everything.

I won't get into the details too much, but basically the hardware wallet stores the key in a special chip and only sends out signatures when you plug it in to make a transaction, the keys never leave the wallet.

One of the biggest advantages of crypto is you are your own bank, you control your keys and coins, you have the power. Don't let them take it away from you.

>> No.17110538

>>17110472
Really thx u boss, now I have just 500€ on link in Coinbase so I'm not so scared, I tell you, I'm really an uber newfag just trying to make some money for my loved one including me, but i need to read some shit about this hdwallet in case I fucking make it

>> No.17110626

>>17105512
That would last me 5, maybe 6 years
But then again I live in a major Canadian city

>> No.17110641

>>17105503
On some level you already made it, but you do want to make more, get CENNZ

>> No.17111172

>>17110268
>Don't criticised without sharing a solution stupid boomerang
Has the concept of a desktop wallet not occurred to you, you dumb fuck? Do you even know what a desktop wallet is?

>> No.17111387

>>17106034
Silver is a safe haven and will give you good returns as well. Don't overlook putting a little money in silver for safe keeping.

>> No.17111440

>>17106192
no reqs for coinbase pro. It's just a platform with different order types and lower fees than the main coinbase app.

>> No.17111558

>>17109994
>>17109994
did you not remember mt gox?

>> No.17111577

That is $50,000 in tax you have to pay.

>> No.17111651

>>17110626
You're supposed to use money to buy mro money. What good is trying to make it you just spend it?