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/biz/ - Business & Finance

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27574523 No.27574523 [Reply] [Original]

>Stuck in 8 figure hell
>Too scared to invest recklessly even though that's what I did to get here
>Small gains mean nothing anymore

How do I continue to ascend?

>> No.27574750

>>27574523
start a company

>> No.27574847

>>27574750
I am too autistic to run a business desu. My whole existence since I graduated High school has been crypto and market watching. I have absolutely no other skills or even interests.

>> No.27575144

>>27574847
Pump and dump your own shitcoins dude. You can literally drive up dogecoin/other small value coins enough to stir up investors. Since you can be more coordinated than the market, all it has to do is go up ~5 percent last where you push it for you to pull the rug out and walk away with massive profits every time. Just wait for a dip and fucking send it

>> No.27575302

there's no such thing as 8 figures hell
6 figures hell is the only real hell. close enough to make it yet still far in absolute terms, and an amount of money significantly above what can be earned in normal wagecucking
lower amounts or bigger amounts are not "X figure hell", but rather the poster's own mental illnesses

>> No.27575308

>>27575144
Its harder to do then it seems. I think the pump and dumps are usually done by multiple people in my position. The main issue is I have to pump it enough to not get fucked by taxes making my gains useless. I guess I could try to shill my pump and dumps but I am so bad with people and I dont want to dump on other 4channers

>> No.27575431

>>27574847
>I have absolutely no other skills or even interests.
Sounds like this is your bottleneck. The skills will come, someone of your wealth/safety needs to have solid interests.

>> No.27575457

>>27575302
It might be a mental illness but I have no other purpose in life. I always thought I would finally feel good about it when I hit the next goalpost but I always end up thinking I can go higher.

I am not high into 8 figures and I fear any misstep will send me back down to 7. Its a constant anxiety that keeps me up at night.

>> No.27575484

>>27574523
buy a few houses

>> No.27575504

>>27574523
Put a chunk in dividend paying stocks and live on free money

>> No.27575543

>>27575431
Im 31 years old now so I would feel a little embarrassed going back to school. I don't even leave the house outside of visiting family on holidays.

>> No.27575545

>>27575308
Atleast you have a conscience, I now have faith in you anon. Honestly if you are nervous about small level stuff, and really have that 8 figure start, blue chip might be the way to go. 20% a year of 8 figures ain't small gains, but it might not be enough for the high you're chasing.

What a your end goal, short of world domination?

>> No.27575558

>>27574523

Once you hit 10 mil it’s time for real estate and boomer index funds for those 7% gains

>> No.27575587
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27575587

>>27574523
>8 figure hell

You know who to call

>> No.27575625

>>27575504
I have a good amount in stocks/funds that pay, enough to live comfortably forever.

I still want more. It does not feel like enough

>> No.27575639
File: 63 KB, 593x720, 1604774658623.jpg [View same] [iqdb] [saucenao] [google]
27575639

>>27574523
Leveraged Index Funds for long term uber gains while still being relatively safe. Don't let people tell you Leveraged is worse than standard, the numbers prove they're wrong.

>> No.27575679

>>27574523
Secure your money. Get out, take 10% and gamble it in shitcoins.

>> No.27575680

>>27575302
this.

>> No.27575685

>>27574523
Just invest in Real Estate, buy property like condos across the country, and leave one room vacant in each. Perhaps the best room. Rent them out, Then you won't lose money, you won't get fucked by taxes and you have tons of places to live in, and you can hop around and have different lives, hell different friends, and identities if you wanted to. Thats probably what I'd do.

I imagine flipping houses will also add much needed substance to your life since you're now just wondering "what next"? Learn craftsmanship and some electrical engineering to keep you away from the existenial crisis that I imagine that much money brings.

>> No.27575700

>>27574523
nigga just put aside 2M to fund your life and try gambling with the rest like before. if you fail you still have a set life.

>> No.27575706

>>27575545
>What a your end goal

9 figures lol

>> No.27575765

>>27575625
A demon is in your brain anon. You need religion.

>> No.27575776

>>27575685
I own some property. I was thinking about air bnbing it to at least make enough to pay taxes and maintenance on them. Covid hosed that plan in the short term.

>> No.27575794

>>27575457
Sounds more like you were more trading than investing on fundamentals. And yeah, trading does not scale. You can try like what Jesse Livermoore and reach unthinkable heights from trading alone like he did but he tripped up and lost it all in the end, and considered his life a failure.

>>27575543
Why do you need school? How is it relevant?

>> No.27575821

>>27575308
The government doesn't give a shit about how much crypto you have until you realize it into USD.

>> No.27575836

>>27575700
THIS. Exactly what I would do, hold back enough to guarantee a comfortable life no matter what, and the rest of it can be mad money you do absurd gambles with.

>> No.27575848

>>27575765
I was raised catholic but I only go to church on Christmas eve with my mother. I am not an atheist or anything but I don't really believe. I donate a good amount to the church in mom's name though

>> No.27575880

>>27575543
don't worry anon. Lots of people go to school when they're older. Just don't constantly mention it like it makes your insight anymore valid than anyone else.

>> No.27575887

>>27575794
I assume thats how I would get the skills to do things like run a business lol

>> No.27575898

>8 figure hell

I understand what you're going through but 8 figure hell is not hell though if you actually spend it. Rent or buy a nicer place, buy whatever the fuck you want, unironically consoom a little you will feel better and give you some motivation to make more, also do some other hobbies money isn't the only thing in the world

Also tell me what your crypto portfolio consists of

>> No.27575905

>>27575543
You don't have to go to school. 8 figures isn't hell, it's freedom.
Take up one of those painting classes when shit's back to normal. Do online stuff. Learn how to do stuff most of us don't have the time to do cause of wageslaving and coinchasing. You won life, now go play the DLC

>> No.27575933

>>27574523
Trade recklessly with 100k at a time. No more, no less. A 100x will kek you another 10 mil.

>> No.27575934

>>27575821
When you start trading in the millions they care lol. Trust me

>> No.27575940

>>27574523
Just curious but what affected your decisionmaking in big trades on the way up?

>> No.27575992

>>27575543
Man, what do you need more than 8 figures for? Go live life. Enjoy things. Take up a hobby, visit other countries, go scuba diving or some shit. That's what I'd do.

>> No.27576039

>>27575848
Honest real talk here: your problem is no longer money. You need to challenge yourself. You should find something you like and get good at it. The only time I’ve ever felt depressed in life was when I had no aim or project I was working towards.

>> No.27576080

>>27575898
>folio consists of
ETH and bitcoin for the large majority. But I am mostly cashed out compared to how I started. Uni, XLM, Graph, and Chainlink as well. Not super deep in any of them. Im thinking about dumping chainlink.

>> No.27576083

>>27575543
>feel a little embarrassed
Enjoy being an 8fig manlet for the rest of your life

>> No.27576112
File: 194 KB, 293x342, DCCDE4DE-5239-4852-9E8C-98754AD6DAFB.png [View same] [iqdb] [saucenao] [google]
27576112

>8 figure hell

If you feel like you’re in hell, give me a cool 500k and I’ll feel like I’m in heaven, then hopefully you’ll feel good too.

>> No.27576152

>>27574523
>8 figure
How much more do you need man?

>> No.27576171

>>27575940
The fear of falling back into my last goalpost or worse.

When you have $100,000, losing half feels bad but you feel like you can make it back. When you hold bags on a million or more it starts to feel like you can't ever crawl back from it. It just gets worse and worse the higher up you go.

>> No.27576183

>>27574523
>8 figures
>hell
shut the fuck up dude lmao

>> No.27576202

>>27575457
Literally just buy Bitcoin and hodl, it’s actually that easy.

>> No.27576260

>>27575457
I have to recommend putting your money in a couple safes places and a safe place for APR, then you and your children can live off the returns

>> No.27576357

>>27576260
>Children
lol I don't think that day I will ever come

>> No.27576391

You know how big the defi market will be in 5-10 years. Put however much you feel is right into 5-10 projects with lots of promise, take that time to not care about money whatsoever, win.

>> No.27576409

>>27575887
I don't think that's a correct assumption. And I think it's more important you figure out what your interests are that you can turn into a business. Figure out what you love and then figure out how to make money off of that.

Otherwise just retire.

>> No.27576429

>>27574523
yeah dude, we can relate to that damn 8 figure sure is hell huh kys larping faggot

>> No.27576466

>>27576391
I do invest in projects I like. Maybe 1/25 decent crypto projects actually take off in my experience so I dont like to go deep enough to really make big gains in any of them.

>> No.27576470

>>27576357
Sorry, loved ones

>> No.27576472

>>27574523
Defense stocks there's no way u can lose (not financial advisor)

>> No.27576476
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27576476

>>27575457
>I always thought I would finally feel good about it when I hit the next goalpost but I always end up thinking I can go higher.

That's the only fucking problem mate. Check out the Buddha's teachings to find your answers.

tl/dr: No one needs those gains for real, and sure as fuck you don't need any more of them. They tend to create a feedback loop always making you crave for more.

>> No.27576494

>>27574847
BASED soul of death. My inspiration desu.

>> No.27576521

>>27576429
I am not gonna poor shame you but there are posters on /biz/ with more than 8 figures.

>> No.27576522
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27576522

>>27575706
more money wont fill the void anon

you need to try new things, get outside of your comfort zone

people have a midlife crisis because they had poor values

the values give you reason to live: motivation, drive, energy, inspiration, hope, joy etc

people whose values are a big house a nice car a hot wife etc have midlife crises when they finally attain all those things.. now what?

you need to readjust your values. you've been living to get rich. now youre rich. now what? your life purpose has been to make the number grow, and now you've made it grow

what will you do now? think of your heirarchy of values like a shelf. money was at the top of the shelf, now you're rich, it's fallen lower down. what else is on the shelf?

if you cant think of anything then you need to try new things. values come through experience, and experience alone. you cant read about values. you need to physically go and try things until you find something that gives you the spark again.

remember: motivation comes AFTER you do something, not before. don't wait to be motivated, don't wait to be inspired.

money is just one thing that makes up your life, it was one thing that inspired you, but now that you have it you are experiencing diminishing returns. now it's time to find something new.

you are living a very sheltered and safe life right now, you need to get up and force yourself to go out and try something new. go on a hike, ride a bike, join a gym, interact with people and find things you didnt know you enjoyed. go skydiving, do things that make you feel again. you wont know if you will like it until you try it.

you've made it in one aspect of your life anon, but there are many things that are a part of living and existence.

enjoy your wealth and use it to live a happier, fuller life.

>> No.27576524

>>27574523
Exactly my dilemma, unironically get a jewish wealth manader. Not even kidding, when another made it fag from my family mentioned it I just brushed it off because I know better, but that’s not the case.
Some good investments right now are fertile farmland, seed rounds of promising and emerging sectors like mental health therapy, alternate medicine, etc.
Just give it a chance anon, doesn’t hurt to hear them out.

>> No.27576578

>>27575639
Red pill me on leveraged index funds. How could TQQQ be worse than SPY in the long term?

>> No.27576607

>>27575484
This. Or buying and upgrading houses then selling them on. Lots of stress and liability but least it keeps you busy while you profit kek

>> No.27576720

>>27576522
sage advice - case closed

>> No.27576743 [DELETED] 
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27576743

>Man with 8 figures complains

>> No.27576759
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27576759

>>27574523
Just use Kleros sir. Being reckless at this point and you will lose it all to dumb dead shitcoins.

Cash out 50%.

Keep majors. Then just use Kleros.

>> No.27576767

>>27576522
I don't disagree with you. I plan on trying to get out there more after this covid shit is over (My mom has health complications and I have been keeping myself isolated so I can see her without worrying about getting her sick).

>>27576476
How can I learn more about Buddhism?

>> No.27576810

>>27574523
Look into 0xBitcoin. Hold until the halvening which is like a year and some months away.

>> No.27576834

>>27576759
I am not all in on coins anymore. about 1/3rd of my worth is in crypto.

>> No.27576919

>>27576810
It looks like a bad bet to me. Sorry anon.

>>27576743
I get what you are saying but Im not implying my issues are worse than people who are struggling financially.

>> No.27576939
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27576939

>>27574523
hold until later this year then cash out buy back in bear market.

rubic is looking very promising

also buy a house and stack some gold

https://studio.youtube.com/video/qZ1NXacTyTI/analytics/tab-overview/period-default

>> No.27576974
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27576974

>>27574523
8 figures? Live your fucking life, moron, you have enough money.

>> No.27577078

>>27576939
I own a few properties. Owning physical metals seems like a good store for value but generally useless in terms of investing.

Rubic looks OK, but im done going deep on shitcoins. The risk/reward ratio is just not worth it now. I still like investing in projects I think are cool, but I dont expect much of a return.

>> No.27577220

>>27575457
If you're worth 10m you can retire at 30 and spend the remaining 50 years of your life operating on a 200k/year budget. Why not use your newfound freedom to do whatever you find interesting? You never have to want again.

What's more important, flashing as much money as possible or being happy?

>> No.27577249

>>27576767
Check out the talks by this based teacher

https://www.youtube.com/watch?v=AQMCkQFBzUA&list=PLgxB9zFEngYlp18pRqOXot99HWKE41dtD

You might want to do more research/reading after that. But finally you need to experience it for yourself and start meditating, so as soon as you dare and it's possible again covidwise you should go visit a vipassana retreat of at least five days.

>> No.27577259

>>27574523
>got to 8 by investing
>how do I get more?
I’m shocked you even got to 8 in the first place. You don’t lack knowledge just courage. Go balls deep with 100k investments, you can afford it

>> No.27577304

>>27575543
I've seen 40+ people in engineering classes all the time. I see professors attending other professors' courses.
Nobody will look at you oddly for wanting to learn more things.

>> No.27577327

>>27574523
>Stuck in 10-figure torture chamber

>> No.27577353

>>27577220
I have no real interests. I (single player) gamed a little in high school, but otherwise was totally autistic and just studied. I have zero friends outside of my family. I have not even left my house in over a year outside my nightly jog.

>> No.27577362
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27577362

>>27576767
i recommend this book as a good introduction to mindfulness and Buddhism

these general teachings are super helpful for pretty much everyone

the main thing is they help you reframe your thinking, and allow you to reduce the amount of suffering you feel in your life by no longer fighting against reality.

a good mantra for this goes something like "may i have the serenity to accept what i cannot change, the courage to change what i can, and the wisdom to know the difference."

it also helps you direct your values away from materialistic things because all things in life are changing and transient, nothing stays the same no matter how much we want them to.

>> No.27577377

>>27575457
I'm in 2 figure serf hell

>> No.27577459

>>27577362
>>27577249
Ill check these out. Thanks anon. Hopefully they help me figure something out.

>> No.27577502

>>27575765
Based and this.

>> No.27577506

>>27577377
I started in 2 figure surf hell but back then you could buy a few hundred bitcoins with that lol

>> No.27577579

>>27577459
You can make it fren, don't give up and bless you.

>> No.27577606

>>27574523
Invest in real business. Now is the time, after covid there will be billionaire/millionaire class and poor class exclusively. Choose your market carefully

>> No.27577661

>>27577377
>>27577506
For some reason my brain read 2 figure as 3 figure. You could only get a few bitcoins back then lol

>> No.27577678

>>27577506
:'(

>> No.27577708

>>27577353
Read books. Learn as much as you can. Your passions will develop as you learn new things and you'll eventually find something you care about. There is nothing that more money will do for you at this point. It won't make you feel better. Use your relative youth to do things you couldn't otherwise do. Explore the world, make cool things, keep learning. Capitalism is meant to put money into the hands of those that use it well, so do that.

>> No.27577945

>>27574523
I have a solution for you.

See, life is all about the journey - we are at our happiest when we are in pursuit of something. It's sort of a sad truth, but there is also comfort to find in this. You need something to chase again, to feel alive.

You need to lose it all.

Let's arrange for you to pump a shitcoin of my choice, and then we can all gently rug you, so that you can start over. This is the optimal solution.

>> No.27578024

>>27576834
How did you take your money out of crypto?

>> No.27578059

>>27576767
larping or not read these
Buddhism an introduction
Zen flesh Zen bones

>> No.27578098

>>27577945
Pass lol. I never want to go back into poverty. I remember when my brothers chemo bankrupted my family and we lost our house. We used to eat most of our meals at church lol. I am not going back

>> No.27578154

>>27578024
slowly. Its easy to now but after the first crash it was frustrating for large amounts

>> No.27578179

>>27574523
you sound like the next warren buffet, only miserable instead of enjoying the game. you're gonna hit 1 bil value and hate yourself and your life.

>> No.27578209

You've already made it cunt.

>> No.27578232

>>27578179
>hate yourself and your life.
Thats a constant in all my possible endings I bet

>> No.27578243

>>27574523
If I made it to 8 figures, I'd say I "made it" full stop and probably cash out and rest on my laurels.

>> No.27578320

>>27578243
hell, if I make it to 5 figures I'll consider it a success

>> No.27578351

>>27578320
>>27578243
You guys are gonna make it. I am sure of it.

>> No.27578526

>>27578351
Thanks Anon. Best of luck.

>> No.27578929

Looks like Buddhism will help you on your path. It’ll put things in perspective. Make sure to actively practice, learning is good but you have to spend time meditating every day. I promise you you will start to realize something about yourself and place in the world, and it will give you peace.

But like, don’t stop investing. Sounds like you’re good at it so no reason to ever stop. Maybe you just need a reframing of what you hope to achieve from it (not a number goal, something else?)

>> No.27579067

>>27578929
I don't plan on stopping.

I am OK at it, I think I just got lucky a few times in a row. Especially with Bitcoin.

Stocks are a lot less explosive (non meme stocks). But its also harder to lose everything on them than it is on crypto.

>> No.27579574

>>27574523

Safe way = invest in Income ETF

Moderate way = invest in dividend stocks directly

Aggressive way = start a company , or buy real estate or combine both

>> No.27579775

>>27575457
OP going to 9 figures won’t change anything with your attitude. Take your earnings and buy a couple million worth of Bitcoin and maybe some ETH. You don’t even need shitcoins. You can already make it off sheer capital.

Invest in yourself, invest in your health. You’ll get out of thinking this way if you change improve your chemical imbalances

>> No.27579801
File: 2.77 MB, 4160x3120, IMG_20171123_082615.jpg [View same] [iqdb] [saucenao] [google]
27579801

>>27579067
hey man, you should look into real estate. buy a nice house on a lake in a beautiful area, something awayish from people

>> No.27579944

>>27574523
>8 figure hell
6 figure hell nok here
>8 figure usd
jesus christ guy thats a lot of money

>> No.27580374

>>27575308
just use redditors

>> No.27581113

>>27574523
Bro,keep selling calls and puts weekly far OTM and keep collecting premium.Consider this as your monthly salary.

>> No.27581346

>>27575457
Go invest the majority in real estate, boomer etfs and pm, then set aside a few hundred k to keep gambling to treat that addiction of yours.

>> No.27581356

>>27574847
How the fuck did you make it if this isn't a LARP? Rich parents?

>> No.27581511

>>27581356
Bought bitcoin really early for my startup money. Sold most of it before the first crash

>> No.27581569

>>27577353
All the money in the world won't mean shit if you're such an autist. If that whole story is true then you can rock the genius autist persona and go to back to college or something.

>> No.27581583

Also learn stoicism.Also when you are anxious just lay down and take 20 long 40 medium and 40 fast breath.Repeat this thrice.Enjoy your life.You can do this every morning.
Also meditate an hour.Meditation is art of doing nothing.Scientists and authors try to find a particular thing that's called contemplation.Sometimes you focus on something that's called concentration.After this comes meditation.Just sit and allow all y he thoughts go through your mind and don't engage with the thoughts.So 1 month will hard reset it's like opening your mail box and reading each mail and finally there won't be any mails in it to bother.

>> No.27581618

8 figure $$$

thats
10 000 000 $
at the minimum

how the fuck is that "hell"???

>> No.27582038

>>27574523
Request Network

>> No.27582039

>>27574523
>8 figures
>more than ten million fucking dollars
>hell
what planet do you live on retard

>> No.27582129

>>27575457
how sad. read the bible

>> No.27582471

>>27575302
>6 figures [...] an amount of money significantly above what can be earned in normal wagecucking
nigga I'm 33 with a bluecollar job and I have 320k in investments and another ~70k in value increase of my apartment.
before 35 I plan to quit my job, buy a house outside town and live of passive income from subletting 2 apartments + some investments

>> No.27582622

>>27574523
How much did you start with? Which markets did you trade?

>> No.27582681

>>27574523
>8 figures
>hell
>spending time on image board
larb

>> No.27582683

>>27578154
Think about starting a business.

>> No.27583026

>>27582471
if you think american wages are normal and if you think even within the inflated standards of america your own life choices are normal, you're hopelessly out of touch
average wage in western europe is roughly ~€30k net. even if you live a super frugal lifestyle and save 2/3 of what you earn, merely hitting 6 figs is 5 years of waging. hitting $500k is more than two decades of wagecucking
save "only" 1/3 of what you earn? you're then looking at 40 years of wagecuckery to get to $500k
losing $500k is devastating to a normal person. but not enough to make it. hence 6 figs hell

>> No.27583373

>>27583026
I live in sweden retard, with some of the highest taxes in the world. It's taken me 14 years of "wagecuckery", most of it only working 3-4 days a week to get here.

>> No.27583458

>>27583026
>>27583373
"here" being I'm about to retire before you do.

>> No.27583533

>>27574847
I'll run your business friend.

Im a poor fag with no capital and 2 solid business plans.

>> No.27583612

all in LINK

>> No.27583616

>>27575457
Your problem is you think your way of living is insufficent. But thats not the case. Embrace yourself m8, if you thrive on watching and trading stocks then DO it.
If you realize this is your way of living by choice, then your mind will calm and you can sleep well again. Buy a flat, set aside 1 mil and you can rest assured you have a comfy live. Then proceed to gamble up to 9 figure heaven or wherever it takes you!

>> No.27583635

>>27575543
at 31 you won't even stand out at a university

>> No.27583719

5 fig hell newfag here, hoping to make it to 6 by the end of the year

>> No.27583774

>>27575848
>I am not an atheist or anything but I don't really believe.
Then you are an atheist retard.
Anyway get some therapy, get an education, get shitfaced at a seedy bar, whatever. You'll figure it out.

>> No.27583806

>>27574523
>11 figure living nightmare

It’s fucking ogre for me, isn’t it

>> No.27584145

>>27575543
You are fucking stacked, retard, who gives a shit what some barely-out-of-puberty zoomers think?

>> No.27584305

>>27574523
Hey. Fuck you, you crybaby bitch. Pay me and maybe I'll pretend to give a shit.

>> No.27584389

>>27577362
>(((Goldstein)))
lmao

>> No.27584442

>>27574523
>8 figure hell
That's a thing?

>> No.27584722
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27584722

>tfw just barely in upper 7 figures
it's like being perma-mogged, can't take it.

>> No.27584799

>>27574523
Please anon, I want to hear it when you call >>27575587

>> No.27585297

>>27574523
Jesus Christ just live your fucking life you retard

>> No.27586302

>>27576524
>manader

>> No.27586429

>>27581618
Because most of 4chan is loser faggots who come here to be pessimistic and antagonistic.
This entire site is a phyop to breed discomfort and angst.