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/biz/ - Business & Finance

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21052578 No.21052578 [Reply] [Original]

Humour my small brain with this hypothetical situation
>Have $1000 invested in a coin
>Coin goes 100x 10 times in a year
>I now have $1,000,000 at end of year

Is that correct?

>> No.21052596

>>21052578
no, ur a brainlet who skipped basic math at school

>> No.21052604

>>21052578

Then you try to cash out on cuckbase
tx denied
call from IRS

aaaaaaaand its gone

>> No.21052642

>>21052596
Oh wait so first $1000 that goes 100x would make it $100,000 and the next 100x is on the $100,000?

>> No.21052650

>>21052642
yes, just use 10x as it's easier. each 0 you need is a 10x

>> No.21052655

Then you lose half to taxes

>> No.21052661

>>21052642

COMPUND GAINS NIGGER.

>> No.21052708
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21052708

>>21052650
>>21052661
So what are the chances of a coin 100x'ing multiple times?

>> No.21052754

>>21052604
Why would it be gone? He’d still walk off with like 600k

>> No.21052773

>>21052708

Very rare.

Eth was 30 cents ico use that for reference.

>> No.21052776

>>21052604
>Then you try to cash out on cuckbase
>tx denied
>call from IRS
my withdraw method is paypal which can then deposit into my bank at any increments

>> No.21052835

>>21052708
same coin is pretty much impossible
2 different coins that 100x is doable

>> No.21052839

>>21052776
Instant transfer gang

>> No.21053389

>>21052604
Why would it be? Doesn't the IRS just want their tax cut?

>> No.21053402

>>21052578
Um, sir.....

First off, you won't hold to a 100x. Just buy some FUND and wait until you're euphoric, then sell half .

>> No.21053792

>>21052655
oh no he went 100x lets say 5k , and lives in a faggot cucked 50% capital gains country, so he walked out of the situation with 250 fucking thousand dollars that he didn't have before regardless if he took it up the ass on 250k that he wouldn't have had anyway. any legitimate way to earn that sort of money would be taxed around the same once the appropriate tax schedules were observed, so why not earn that via 10 clicks of a mouse