[ 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: 100 KB, 602x800, F84B0BC6-031A-4E66-B009-BCD9C1AD6A5B.jpg [View same] [iqdb] [saucenao] [google]
25630034 No.25630034 [Reply] [Original]

Hey so I’m 19 and I invested in chain link back in 2018 when I was in high school working at my Wendy’s job. I have 60K now. Should I drop out of college? that’s more money than my parents have ever had in their savings at any given moment.

Can I realistically just invest in meme coins for the rest of my life and never work? Also what’s the next meme coin to invest in. Im always looking for to make big money gains.

>> No.25630087

no retard

you still need a job with benefits (health insurance x2 if you get older or have a pre-existing condition) and preferably a pension and you still need a job on the books to get credit for good goyim purchases like a car or mortgage payment (even rent nowadays)

and if you're flat broke from a shitty trade then you can at least have something to subside off rather than being a homeless retard

>> No.25630091

yeah just keep trading shitcoins, future millionaire guaranteed

literally nothing could go wrong

all the pink wojacks on /biz/ are just a joke to keep out normans. none of us have ever made a bad trade

>> No.25630104

>>25630034
> Im always looking for to make big money gains.

Nah kid you should stay in school.

>> No.25630111

>>25630034
What are you going to college for? Whats the job? Give better details you underaged fag

>> No.25630125

>>25630034
If you're paying for college and/or taking out loans, drop out.
If you're parents are paying for you then get your degree and keep trading while you're in school.

>> No.25630147

>>25630034
Not at all. I made 500k off of LINK and I'm using that money to finally go to college, and I still work my job. Invest in yourself dumbass.

>> No.25630283

Definitely drop out. 60k is enough to live comfortably forever.
based retard

>> No.25630307

>>25630087
I seriously hate working. I hate writing ten page essays in college. I hate taking tests. I hate waking up to an alarm. i fucking hate it.
>>25630091
Becoming a millionaire is a pipe dream, I’m obviously looking at this shit realistically. but I’m positive that I can at-least generate enough monthly income to just live frugally. I don’t need a fancy car or a bigass house to be happy. give me a one bedroom apt with high speed internet access and I’m chillin fr.
>>25630104
Just a little typo.

>> No.25630371

>>25630307
Endure at least the market cycle and see where Link is at that point. The odds are not in your favor if you start trading

>> No.25630375

>>25630034
listen, dumbass. if this isn’t a larp, you finish college. worst case, you lost all your coins (because obviously from your asking of this question, you have no sense of forward thinking or backup planning) but at least you have a degree and hopefully can land a decent job into a career path.
best case, 3-4 more years and your crypto skyrockets even more, you’re rich as shit and can invest in your own business, passive income, whatever, while still having the degree just in case. what’s the problem here?

>> No.25630392
File: 36 KB, 400x500, 1562020318633.jpg [View same] [iqdb] [saucenao] [google]
25630392

>>25630034
Why would you drop out? Atleast finish the college and see whats the LINKs price at that point, if you have +1m you can think of just living off that

>> No.25630403

DO NOT DROP OUT!

>> No.25630420
File: 92 KB, 500x688, laughing_elf_man.jpg [View same] [iqdb] [saucenao] [google]
25630420

>>25630147
>500k
>using link
>to go to college
Ultra mega cringe kys

>> No.25630455

>>25630307
$60k is not enough to drop out yet. keep holding and try to aim for $300-500k at least if you wanna do something as extreme as dropping out.
that way you have some options, like you can put chunks of it in dividends and generate a passive income that can pay for your living expenses incase your cryptos goes to shit and you have no way to get a good job.

>> No.25630463

>>25630034
like 99% of coin investors, you didn't file the taxes correctly, so you can't cash out, and definitely can't spend the money.

>> No.25630465

>>25630111
>>25630125
I’m majoring in finance, and I took out a 5K loan. I’m seriously just sick of doing homework and going to class and being in debt.
>>25630147
Why not just use that 500K, invest that shit and make passive income? What’s the degree for?
>>25630283
60K obviously ain’t enough to live forever. But you can flip that shit and steadily watch it grow.

Aren’t we all in school and wageslaving so we can just cover living expenses? I seriously don’t believe in living fancy and being materialistic. I don’t need a sports car, I’m not attracted to woman, and I don’t need a big house or a family. If I can flip this 60K and generate passive income, why not do that?

>> No.25630475

This question proves to me you're not in college, because you're too stupid.

>> No.25630534

>>25630465
yeah, i'm very minimalist
i just didn't get into this shit until it was "too late"
i'm just trying to get 20k and pay off my car and credit card
if i didn't have any debt i'd feel so free

>> No.25630540

>>25630465
You will never ever hit a coin like LINK ever again.

World post LINK looks very bleak
Just stay in college, hold and never sell

>> No.25630602

i wouldn't cash out now. link is not done yet

>> No.25630606

>>25630540
>what is Parsiq

>> No.25630698

>>25630034
You mean 60k link right not $60k usd. You better mean 60k link

>> No.25630726
File: 655 KB, 640x800, unnnnionnnnn.png [View same] [iqdb] [saucenao] [google]
25630726

>>25630034
Sell now and go into a low cap that hasn't pumped like UNN. Sell again when you cross $500K. Cash out half. All in a new thing then with $250K. Sell when $1M. Repeat.

https://www.dextools.io/app/uniswap/pair-explorer/0x7f1da3697236d4a5e0efd2a99de5d9c076937856

>> No.25630740

>>25630420
I'm not using LINK. I haven't sold a single one yet, since this is only community college and its cheap. But its easier to justify the cost when I have so much savings.

>> No.25630743

My advice to you is to drop out of college
If you don't genuinely want to be there to study the subject you're in then you're wasting your time

I could understand doing a meme degree just to live the college experience so long as you can do it debt free but since college party life is restricted due to corona that now seems completely pointless

Your life is about investments now, you have a good starting point for your age.
Maybe find a job to work for the year to have more money to put in this Bull Run, then retire

>> No.25630752

>>25630147
Kys retard
Imagine going to university

>> No.25630798

>>25630307
You mean you have $60k? Or 60k links? Because 60k links and you already are a millionaire...

>> No.25630811

>>25630752
>Imagine going to university

kek i actually have to cuz i've never stepped foot on campus. online is pretty nice for a shut-in.

>> No.25630826

>>25630034
No you dipshit. Just hodl.

>> No.25630834

>>25630307
>I seriously hate working. I hate writing ten page essays in college. I hate taking tests. I hate waking up to an alarm. i fucking hate it.

sounds like you want to work with your hands

i suggest a career change, develop a skill like carpentry or plumbing/electrical work or hell go work for the state/city/fed govt

do not drop out, $60k is childs play money. your neighbors likely own cars that cost that amount. hell even $600k isn't a whole lot in the grand scheme of things and will quickly disappear when you buy real estate. the benefits are also a big deal, if you develop diabetes, get cancer, or even get hit by a car you'll see how quickly those $60k will disappear (have you priced out med or dental insurance?)

>> No.25630843

>>25630455
He has 60k LINK, not $. Current value is $1mil or so.

>> No.25630853

>>25630743
agreed
I droped out when i originally thought I wanted to do Civil Engineering... calc 3 sucks black donkey dick. I dropped out and did other shit for like 5 years, realized I liked maps. Got a scholarship because i actually had drive in what i was doing and am now back in school doing GIS. wish I knew what I liked from the start but honnestly if you arent feeling it, then drop out, work and then go back when you know what you want to do.
>>25630698
bump on that, i want to know as well

>> No.25630905

take 20K out of that 60 and go to thailand or filipeen or some other jungle gook country and leave the rest in LINK and by the time that money runs out you'll be a millionaire.

>> No.25630917

>>25630307
believe me, living off your paltry gains is the worst decision you could possibly make. i quit my job in mid 2017 to live off of 50k in XMR gains, and ended up with $50k at the end of the bullrun because I was afraid to take risks on good trades. If you have a job, it is much easier on your psyche to take profitable risks. also, with most jobs you learn how to deal with normies which is a +ev skill no matter what.

>> No.25630924

>>25630698
I have 4,000 link. I was pretty broke when I was 17 anon... and I have 60K USD.
>>25630602
I’m definitely not cashing out. Im waiting for this shit to reach atleast $100 before I even think about selling any link.
>>25630726
See im looking for advice like this. Ways to generate like 4-5K monthly.
>>25630743
I’m working at best buy making like 2K per month. Throwing it all into other coins like Link, PNK, fantom, etc... I’m not interested in dating or partying, I just want to generate passive monthly income so I can hang out all day and eat fast food and play cyberpunk 2077.

>> No.25630926
File: 807 KB, 1828x1435, schwabpilled.jpg [View same] [iqdb] [saucenao] [google]
25630926

>>25630034

>> No.25630991

>>25630034
60k seems like a lot when you don't have but a few hundred in savings but it's very little in life terms, even some people that make that in a week/month regularly. just keep half as a cash cushion and put the other half into crypto and a couple months of food and water.

>> No.25630996
File: 494 KB, 1125x1797, FC8AE914-61AC-46EE-BC4C-150E587D7039.jpg [View same] [iqdb] [saucenao] [google]
25630996

60k usd is literally poverty tier. I have 45k link and desu I don’t feel like that’s close to enough

>> No.25631049

>>25630034
Your digits say youre a lying faggot.

>> No.25631372

>>25630798
I have 60K usd. I’m thinking I can keep investing in various stocks, crypto currencies, and savings to generate a good passive income to live frugally and never have to work again
>>25630826
Oh buddy, I’m holding on for dear life don’t worry.
>>25630834
60K is child’s play but it’s a good starting point. Can you atleast give me that?

>> No.25631446

give me $20k and i will teach you how to trade

>> No.25631484

>>25630034
Buy 1 bitcoin, 15 ETH, and 1k each on XLM, LINK , LRC, DOT

>> No.25631497

>>25631372
Dude are you kidding. You can’t do that with 60k. You’ll blow up your portfolio for sure. Crypto right now is not real life. Don’t drop out of school I thought you had 60k link. 60k usd is like 1 year tuition what are you smoking

>> No.25631570
File: 785 KB, 245x230, myu45u3578.gif [View same] [iqdb] [saucenao] [google]
25631570

>>25630465
>I’m not attracted to woman

Nah kid you should stay in school.

>> No.25631608

Open a paper trading account with ThinkOrSwim. Start reading up on options and credit spreads. With $60k, you could make a potentially livable weekly income assuming you know what you're doing. Learn it, but do not start trading until you've proven you know what you're doing. You're guaranteed to lose it if you don't put in the work.

>> No.25631609

>>25631570
he could make money by fuck prostitute

make money and kill the gay two bird one stoen

>> No.25631613

>>25630924
i get not wanting to work but i'd suggest developing some kind of skill so you won't have to work at best buy at 40 should you ever fuck up

>> No.25631675

>>25631609
True, but maybe if he study hard he lurn atleast is too word, and what plurals our

>> No.25631741

>>25631675
make moneys?

>> No.25632056
File: 434 KB, 612x529, LOTR_LINK.png [View same] [iqdb] [saucenao] [google]
25632056

>>25630924
im in the same boat as you link wise. I think i had a bain autism though the other day and realized what we need to do with our mid size stacks is build a node. Im about to start looking into the hardware required and if i need to rent out an office for a server or just see if i can get away with starting off with running one from my home. You ever think of that anon?

like a chad move in not even selling or trading them, but use them for node staking.

>> No.25632075

>>25630034
Xsn is the next coin gl fren

>> No.25632122

>>25631497
Damn. So let’s say in 5 years I make the best investing moves(best case scenario) how much do you think I can stand to make?
>>25631608
I’ll look into that.
>>25632056
Sounds like a good idea. But what’s the benefit in that? Like how is that better than trading?

>> No.25632142

>>25630091
I started in june and have made an average of $7 per trade, bye boy

>> No.25632215
File: 66 KB, 278x278, fuck.png [View same] [iqdb] [saucenao] [google]
25632215

>> No.25632545

>>25632122
https://market.link/search/nodes?sortBy=node_created_at_desc&sortOrder=desc&page=1

Look at the active nodes

>> No.25632591

>>25632122
I just read this thread and I hope you head my advice kid.
60kUSD is nothing. Keep holding. But make sure its in the background and you don't put 60k in the forefront of your life.
You're doing good for a 19 year old. Dont drop out. Its possible you can make a quarter million off this bull run if you play your cards right. But its capital that can build in the background. Never bank your future on trading in this market. Trust me on this.

Oh, and theres gonna be a time where you really want to brag about your wealth to your family. Your friends. You gonna want to flaunt it infront of women.
Don't you ever do it. Just keep your head down and keep working. Never liquidate for materialism. Keep building your capital and shut up about it to EVERBODY.

>> No.25632783

>>25630034
Sell 300 when 300 link is 5000 usd and save it don't spend it
Sell 300 when 300 link is 10000 usd and save it you can now spend first 5000
etc - rince repeat.
That's your strategy anon.
Once you've save a million bucks then reevaluate.
Also this way you quickly take out more than you put in and don't need to worry about it being a bad trade.

>> No.25632816

>>25632591
Good advice friend. I’m definitely not gonna put my whole life on this trading cuz this shit is unpredictable and can fall apart in minutes.
I also will never talk to anyone about money. I have no reason to flaunt, I just want security, not clout or fame.

I’m currently working and collecting money to save, and put into investments.

>> No.25632916

>>25632816
Keep doing it kid. Treat your money like those cartoons of people shoveling coal into a train engine. Like a hot fire that needs to be constantly grown.
And remember, always always always protect the bulk of your capital. Make damn sure you never blow up.

>> No.25633155

>>25632916
I’m hoping to hit a quarter million by 21. That’s a 4x, I could easily do that. I got lucky with link cuz I only put like $1,500 into it when I first started. I was broke back then.

But now I’m diversifying. Investing 2K monthly into stocks and crypto.

>> No.25633375

>>25630996
Faggot just wanted to shill his folio. This isn't about you sir.

>> No.25633527

>>25632215
Reposting!

>> No.25633546

>>25630465
boomers are stupid, if you say you made 60k investing at 17, they will offer you their life savings in hopes of making it. Just exit scam them. Unfortunately I too rigid a morality to do that kind of thing, but I was offered 300k usd and just told him put it into BTC and ETH if he has no idea what hes doing.

>> No.25634631

>>25633546
Pasta is an odd choice at this hour in bong land