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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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23476311 No.23476311 [Reply] [Original]

How do I cope with the fact that I will never own enough LINK?

>be me
>just turned 22
>$50,000 salary (info tech wagie)

So, long story short. I really fucked up. I grew a $500 account to $30,000 trading options, then I started taking losses, and actually ended up losing it all (and then some)

I found a strategy that was working, until it wasn’t, and then I tried to make it back and just dug myself deeper in the hole.

Basically, I know for a fact $1000 is FUD, so how do i profit from this?

I have to pay $6,000 in debt, how much of my paycheck should I put into LINK and how much to paying down debt....

These are my only two expenses I make $3,100 a month after tax

>> No.23476337

Unironically all in LIT, if you dyor you'll understand

>> No.23476372
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23476372

>>23476311
So basically I have $6,000 in debt. I make $3,200 a month (zero expenses)

How do I best profit from this 50/50 split LINK and Debt payments ($1,500) a month into each?

>> No.23476417

>>23476311
just pay your debt off in 2 months.

>> No.23476479
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23476479

>>23476417
Basically yeah exactly, I’ve been paying $2,000 off a month and throwing $1000 into LINK.

Is there any reason why LINK would spike in price between now and January?

I really cannot ((afford)) to miss out on LINK, I would not be able to forgive myself it goes to $1000 and I don’t have a sizeable stack

>> No.23476498
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23476498

If you grew an account like that you shouldn't have a problem starting over. I'd suggest a small trading account that rolls gains into link or whatever while maintaining a small account. It's a mindfuck going from $1000's/day to a $100 if that.

But if anyone would like to discuss small account trading strategies why not now?

>> No.23476503

>>23476479
Define sizable stack, bare min to make it with link is 51k linkies.

>> No.23476535

>>23474894
LIQUIDITY JUST LOCKED

TOTAL SUPPLY: 10000 ENTER
Circulating Supply: 8500
Team: 1500 ENTER (15%)
Dark hole initial liquidity (1 ETH)
Uniswap Liquidity: 1 ETH/ 8500 ENTER
Listing Price: 0.000117647= 1 ENTER

No PRESALE!!!

Token Contract:

0x8efa02b362619b83485ca1645797e551a2eb05d4

>> No.23476554

>>23476498
Sounds like if anything he should take some time off trading, considering he already panic traded himself into a hole. It's good to take a month or so off and reset your mind.

>> No.23476561

>>23476498
I’m currently growing 1 account, but I am not allowing any more contributions. The balance is $1,300 and my goal is to make 10% every two weeks or so...

As I grow that account I will be using the gains to buy LINK.

>>23476503
For me, a make it stack would be $2,000,000 once LINK hits it’s peak. I think $1000 is possible within 12 years... I would be 34...

So basically do we think LINK will go up a minimum 10% a year for the next 20 years? If so, then It would function as a normal index for me. I have one goal in life which is put as much into LINK as possible.

>> No.23476603

>>23476561
Link has already 100x, us ogs had to risk relentless fud when the project didn't look as solid as it now. A 20k usd investment to buy 2k link isn't goijg to do much. Link will peak around 300$

>> No.23476646
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23476646

>>23476603
Yeah It stinks, I was just a little bit too late to the party, any thoughts on Harmony ONE?

Basically, I’m super bullish on cryptocurrency. It feels like getting into SaaS companies in the 2000s

>> No.23476760

>>23476311
what's the problem here? Either aggressively pay of your debt if it has a high interest rate, if not, then pay $1k to debt and rest into chainlink, or make the minimum payments if you think LINK will go up significantly in the next few months.

>> No.23476776
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23476776

>> No.23476847

>>23476760
There is no problem, considering my age, and total debt, I’m better of than 90% of the world.

I just wanted to know if anyone had any (((information))) on the price action of LINK in the next few months...

>> No.23477897

>>23476847
https://www.youtube.com/watch?v=7ECeIK5_tXk

Literally watch and realize how no one of us has any clue when its gonna go up but when it does it really will boom

>> No.23477901

>>23476847
im unemployed and im investing $200/month on chainlink.

>> No.23478287

>>23476603
Top tier fud right here

>> No.23478466

>>23476479
if Trump wins the markets are going to respond.