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23872442 No.23872442 [Reply] [Original]

Trading and accumulating crypto has become my video game of choice. Over the past 5 years I have trained my brain to not feel the stress of life changing fiat value sit in this highly volatile magic internet money market.

I could never cash out at this point, it would be worse than losing it all if this market really takes off.

I don’t even have a make it/cash out strategy at this point. Think I am just going to keep playing this video game until you don’t need fiat.

>> No.23872464

>>23872442
Send me some linkies

>> No.23872473

man i wish i had 205k, i would be a cheap house or flat anywhere and chill out all day. t. networth of 3k (unironically)

>> No.23872505

>>23872442
Why are you positioned so low in BTC relative to your other holdings bromigo?

>> No.23872507

>>23872473

I have 170k in stocks/cash/crypto and 80k in home equity trust me I am NOT chilling. You need 2-3m minimum before you can relax

>> No.23872544

>>23872507
Man, that's already fuck you money

>> No.23872587

>>23872473
Buy a house and then be broke, sounds like a good investment plan

>> No.23872602

>>23872473
how would you pay your bills by chilling all day?

>> No.23872614

>>23872507
2M here, it ain’t enough to retire, 5M usd would be quite comfy though

>> No.23872622

>>23872587
>>23872602
neetbux

>> No.23872626

>>23872473
I was in your spot a couple years ago, now at $120k net worth after getting a nice job and pouring it all into crypto. I thought this was a meme but I really don't feel any different. Probably because I can't exactly spend any of it, because then I'll have less crypto for the bull run. So I just watch the number go up like a vidya game.

>> No.23872631

>>23872505
Planning on riding ETH and LINK through this cycle and transitioning them to much larger BTC holdings after the inevitable ride down from the top.

>> No.23872670

the dream portfolio, OP is the real Chad

>> No.23872676

>>23872631
you should seriously consider taking out that money and buying a house. That's my goal; as soon as I get house money I'm out

>> No.23872711

>>23872626
Exactly. Its a life hack, once you see crypto as something beyond fiat it just holds different space in my brain. I feel like I have dragon sickness.

>> No.23872772

>>23872442
Same exact portfolio, just with no BTC and 1k less LINK.

Just waiting for staking, never selling anything

>> No.23872793

>>23872676
I have already taken out enough to get a artist loft condo (170k, 20k down in crypto earnings), 2003 land rover (8k) and a 2000 Porsche 911(16k) over the past few years lol. They were my dream cars growing up and a my mortgage is cheap in a cool spot to live. I feel like the rush and potential of this market is half the fun. We’ll all make it.

>> No.23872835

>>23872473
Dude how you get so rich. I have about €200....

>> No.23873370

>>23872442
Honestly, if you cashed out, what would you do all day?

>> No.23873479

>>23873370
you know that's not a whole lot of money
I'm sitting on about the same link and eth stack as OP and I'm brainstorming how to convert that into a successful startup in my industry / area of expertise

>> No.23873501

>>23872442
same exact situation here anon...
i still dont any spend any money and dont even care about that
i just like to accumulate more and more just like accumulating resources or rankings in a video game

>> No.23873704
File: 390 KB, 1080x2220, Screenshot_20201112-134801_Blockfolio.jpg [View same] [iqdb] [saucenao] [google]
23873704

Based op, mine is similar except eth dispersed in shitcoins

>> No.23874621

>>23872544
No it's not bru

>> No.23874739

>>23872442
How are 11k links at 143k. Jesus fuck. I really am an oldfag

>> No.23874805

>>23872442
Same. Literally cant cash out because I havent paid any tax or reported my holdings since I got into crypto years ago. Guess ill try to make it 5mill+ and move, or lose it all.

>> No.23874978

>>23872442
You should have way more after 5 years in the game bro.

>> No.23875275

>>23872442
Sell your LINK now and re-invest in a lower cap. DIA will outpace in 2021, I think.

>> No.23875280

>>23874805
Go back and amend what you can (back to 2017 if burger)

Do this now, before December. Make an effort, or feel true pain when the hammer finally comes (and it will)

>> No.23875347
File: 61 KB, 591x1280, 2020-11-12 12.03.43.jpg [View same] [iqdb] [saucenao] [google]
23875347

it used to be a fun game, now its kind of boring desu

>> No.23875371

>>23875347
imagine getting fucked by crypto com. they are crooks and everybody knows:
https://www.youtube.com/watch?v=RDWAO_giWxw

>> No.23875552

>>23875280
Not a burger, but similar taxation. All my holdings are untraceable and I have taken out and paid taxes on the stuff they can clearly see that I bought before, so not afraid of that. But yea got a lot of stuff of the books that I cant do anything with really.

>> No.23876588

400k is wealthy ? Lucky I bought some ALBT before ETH v2. Now I am nover crossing that mark

>> No.23876928

Still one of the best bags missing there...Injective Protocol :( :(

>> No.23877006
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23877006

>>23875275
If you want to make it you need to think and read and research. This comment is why you don't have 11k LINK.
https://youtu.be/iao6anwTDhw?t=1502

>> No.23877080
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23877080

>>23872442
>>23873704
>>23875347
What tools do you guys use for fundamental or technical analysis?
Have you guys used https://merv.tech or some similar set of tools?

>> No.23878123

>>23872473
lolno
>>23872507
This
>>23872544
It's not even close. Add a couple zeros.
>>23872676
A house isn't going to 10x in <1 year and you don't have to pay for maintenance and taxes on crypto. Renting is better than owning unless it's a rental property.

>> No.23878141

>>23872442
Anon, you need sell LINK and buy more BTC& QNT

>> No.23878743
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23878743

>>23872442
Omfg are you me?
Literally same situation, same folio 1btc,100 eth,10k link,1000aave today
Literally have 0 cash out strategy and dont think I can do it its just game of stacking for me for last 4 years of my life would be empty without it

Thing is I think its easy for anons like us I have a house, good job I acually like and comfy life I dont I don't eat remen and pray to blockfolio everyday like most of biz so easy to forget its not a game...

>> No.23878889

>>23873704
>pnk
redpill me. I hold a small bag but i seriously dont think its going anywhere beyond $1.50 fundamentally

>> No.23878903

>>23872442
thank you retards for not having an exit plan, your contributions will be appreciated when you get dumped on

>> No.23878922

>>23872614
6M here. Can't even afford lawyers if I get in a real lawsuit. 20M minimum.

>> No.23878948

>>23878743
>>23872442
with staking we'll see >30$ link.
1-10% APY will lead to 3k-30k of link payout on one of multiple platforms (lp, t-systems, coinbase) which will more likely offer paying in fiat. There really will be no need to cash out.

>> No.23878961

>>23878903
Literally made 2.5k to 295k in 3.8 years with no exit plan lol pls tell me more
Its also not point of ops post we do trade in stablecoins we just dont plan to cahs out to fiat like ever

>> No.23879001

>>23878961
You are in a good spot. Both link and eth will have PoS or similar mechanisms, meaning cashflow from both assets. I would simply hold and stake if available. Use the cashflow to either neet or build something that generates more cashflow.

>> No.23879043

>>23878743
>>23872442

Is there even a point to diversify? I have 22K LINK 10 ETH(I pay bills and its just easier to keep some in ETH to cash out) and 50K 0chain. Won't LINK just significantly out perform those two?

>> No.23879080

>>23879043
Risk of Insufficient Interest in the Chainlink Network or Distributed Applications: It is possible that the Chainlink be network will not be used by a large number of external businesses, individuals, and other organizations and that there will be limited public interest in the creation and development of distributed applications. Such a lack of interest could impact the development of the Chainlink network and potential uses of Link Tokens. The Company cannot predict the success of its own development efforts or the efforts of other third parties.

>> No.23879103

>>23879043
I would unironically sell everything except link for btc. Link and ETH will correlate strongly is my guess. However LINK and BTC have less correlation. Other that that I would start investing into vanguard index funds unironically to diversify out of crypto at least a bit.

If staking is up I would probably diversify out of crypto with the cashflow.

>> No.23879120

>>23879080

You could argue that is possible but we are already seeing more institutional interest towards LINK than any other company. To say there is a lack of interest in LINK is to say there is a lack of interest in smart contracts. That would basically imply ETH fails as well. BTC could still survive as a market hedge I suppose. At best you don't really need anything besides LINK and BTC.

>> No.23879127

>>23879043
Link is a leveraged bet on smart contracts of which ETH is the dominant L1 layer of truth. If Link fails (extrinsic reasons) ETH will not succeed as well (other than moving tokens around). Bitcoin is a fucking meme and a disastor from environmental point of view, but its digital meme gold and new investors will likely buy it first still.

>> No.23879137

>>23879103

You beat me to it. Lol I won't put anything into indexs or trad markets until I already have cash flow from crypto.

>> No.23879161

>>23879120
Yeah I agree (see post above).
I like framework.ventures approach, they argue link will soak in most value which I agree. Bitcoin is a good hedge. If you want to have more exposure to defi, the DEFI++ token seems to be interesting (its basically an index coupled to defi projects).

>> No.23879166

>>23872442
>I have trained my brain to not feel the stress of life changing fiat value sit
All Linkies are like that now. I lost 200k from the drop from $20 to $9 and i felt nothing. Soon it will be swings of millions.
>>23872473
Thats not nearly enough to live comfortably. Its still poor enough the fear of starvation makes it uncomfy.

>> No.23879218

>>23879166
I agree, 200k is nothing in the west (or its enough to start an online business, but you need to be good at something which does not require capital mostly and even then your biggest porblem is not getting funding).

30 x annual spending (+ future inflation) is a good starting point. Life is really getting expensive.

>> No.23879255

>>23879161

It seems like most of the well known DEFI projects are higher risk than LINK with equal and/or probably less upside as this point. I didn't get in early enough as I did with LINK in 2017. Idk what the DEFI token holds but I'm assuming SNX, AAVE, YFI, COMP etc. I suppose it could add new blood with low caps and surprise me. I like 0chain as a moonshot. Decentralized cloud storage that is enterprise grade but mostly the tokenomics remind me of LINK and it will generate cash flow as well.

>> No.23879266

>>23879001
Yeah I think so thats why my portfolio is eth/link/aave (all staking) and i use btc as hi volatile stablecoin i cash out to when outperforms market and whan im risk on i go heavy back to this 3 (i just swaped 16k btc for 25$ aave and made 12k net profit last 15 days)
>>23879043
Yes link will prob outperform but why risk it?
I will gladly leave some alpha on table and not go bust (meaning if links rips to 1k meme ill make few milions less but if not im still in game)
>>23879127
>Bitcoin is a fucking meme and a disastor from environmental point of view, but its digital meme gold and new investors will likely buy it first still.
This is literally only reason i hold some bitcoin today

>> No.23879312 [DELETED] 

>>23879266
regarding >>23879043
I didnt't get it, would you sell some link or leave it?

>> No.23879317

>>23879266

I consider sometimes for a minute and it always seems wrong so I don't follow through. If I had closer to 50K LINK I'd probably diversify.

>> No.23879410

>>23879312
I sad in first post selling is not option its just matter of ratios of holdings in this game.
Was arguing I feel like there is still point to diversifying to manage risk of link acually not outperforming something like btc and eth.
I still think it will I just dont buy argument its given and 100% tied to eth sucess at least not on 1:1 basis
Also what I learned last 4 years is soemtimes you are right but your timefrime sux (example is link limping in bullmarket 2017 and ripping in bearmarket 2018-2020) this just gives me peace of mind

>> No.23879443

>>23879317
I think this depeands on how active are you on trading or you just passive invest and hold.

>> No.23879610

>>23872442
OP and other experienced anons with similar balances, please answer me the following, would it be possible to get to $50k (as a minimum) and then just go for 5-10% gains every month to live with? Asking for a friend.

>> No.23879691

>>23879610
What do you expect to happen in 10 months if you take out 10% every month from $50K?

>dude I'll just le trade lmao
If you are capable of being constantly in profit from every single trade then nothing is stopping you living from it right this moment, even if you just have 50 bucks.

There is a reason why everyone is barely touching their fat stacks and are just waiting for things like staking

>> No.23879872

>>23879691
The question is really if you think it would be possible to make 5-10% gains every month trading, not saying I will win every trade, but finding a good entry, setting strict stop loss orders, and doing research, to be a minimum 5% up every month to cover living expenses, and using excess profits to increase my trading fund and build an emergency fund. Yes it's basically just le trading with the goal of being 5% in profit in a months timespan, I'm just curious for opinions. Add a side job to that strategy.

>> No.23879905

>>23872442
>Think I am just going to keep playing this video game until you don’t need fiat.

one of the most based things I've ever read on biz