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/biz/ - Business & Finance


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28970921 No.28970921 [Reply] [Original]

Port is $96k right now but already overtook $100k a few times today. Anyways, it's going to sound ridiculous to the poorfags here but it is truly hell.

5 figures is a lot of money, but not enough to actually live on or frivolously spend. Essentially I can't really do anything with the money until it's at at least high 5 figures.

So you just end up being in this limbo zone where you've kinda maybe made it but can't actually spend any of your money and still risk losing it.

What do /biz/?

>> No.28971205

>>28970921
That's a woman

>> No.28971213

>>28970921
wow this makes me kinda sad because you are correct. 100k is a lot of money but it's an invested 100k. So you can't buy a house, you really can't buy a car unless you wanna kill a 4 or more of your invested money.
I just started and I put 500 in and I'm up 1000 thanks to /biz/ but now I have 6 figure hell to worry about now too. Unreal. 4chan is like an infinite hell. It just never stops.

>> No.28971296

If I had six figures I would kill myself

>> No.28971356

>>28970921
Keep going anon. Keep doing what you're doing, maybe make use of compounding. 5 Figures only feels like hell because you're that much closer to making it

>> No.28971411

I spent four days in Mexico, fucked four hookers and had a threesome for $500. With your money, you could do that 200 times. Enjoy your life, OP. Spend some cash

>> No.28971433
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28971433

>>28970921
im in 6 figure hell and i make about 1/5th of 100k on a good day pump. I scaled into Monero and plan to hold for 5 years atleast until I take profits. By then 1 monero will buy me a Tesla, or a kilo of cocain.

I had to flip some shitcoins to get here but now im moving in long term comfy holds. I want to enjoy my life. i can't fucking look at the shitcoin charts all day anymore. I need a comfy hold.

>> No.28971529

>>28970921
XVS will be $150 in a month. It has 3 times the volume of Uniswap and a market cap 15 times smaller.

This is how you escape the 5 figures hell.


https://twitter.com/DappRadar/status/1360227200851656709

>> No.28971594

>>28970921
Go to the LTO bread and ask them how to do the math on LTO, it involves leasing at 7% APY on a blue chip crypto that is currently $5 undervalued going off its P/E as its a functioning business generating revenue. Seriously, go and do the LTO math!

>> No.28971690

>>28970921
I have 1,000 to my name I would love your troubles

>> No.28971870

>>28970921
Sure. Thats u in the pic, right?

>> No.28971967

>>28970921
well, I won't cash out anytime soon, since I don't want to look back in 10 years and realize I could've been a millionaire if I held

this truly is hell

>> No.28972151

>>28970921
Once you hit 6 figures you realize you still have fucking nothing
>t. %107k in btc, link, eth, xmr

>> No.28972779

>>28972151
96k and 107k are basically the same, especially for something like crypto with large daily swings.

I'm similar to OP, been hovering over 90k for some time now. Went as high as 99k, but never quite breached that magical 6 fig line, today at 93k. Not that it actually would matter, because as has been pointed out 100k isn't all that.

If this bullrun continues and everything goes well I might reach something like 500k at best. If I cash that out, the taxman takes a third, so I'd be left with 300k at best. It's not nothing but it wouldn't change my life in any way. I'd still have to work, I'd still have to watch my daily spending. I already don't have any debt and own a flat. I guess I'd then have a house. Not even a fancy one, just a house. And that's the best-case scenario.

Making it seems so close, but it's actually so very very far.

>> No.28972989
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28972989

wait til you hit 7 fig then go back down to 5. that is hell.

>> No.28973141

>>28971967
Riddler told us to do the math and said not to worry as there is no 6 figure hell with LTO, its a stress free comfy ride. We eventually did the math and it turns out he was 100% correct. Riddler said the narrative would change, pre riddler LTO was the same as any other crypto, make some money then sell, post riddler the math was done and the narrative changed to, you never sell LTO. Its not a meme as the math/tokenomics/clients dictate that you would be stupid to sell LTO . Do the LTO math!

>> No.28973391

with 100k you can a down payment on a house and buy a 2018 used car and still have enough invested in crypto to be a millionaire by 2025

>> No.28973998

>>28971356
>>28971529
>>28971433
I'm actually retarded because I meant to post 6 figure hell lmao but 5 figure hell applies as well I suppose

>>28972779
I hit 113k shorting the other day and I wish I would have closed so badly man. Fucking hate this shit. Being below 6 figs feels disgusting.

>>28973391
I don't have a job so I need to survive off this money as well (my expenditures are only circa $1k per month).

>> No.28974087

>>28970921
How long have you been in the game? You need to develop some patience if you're at 5 figures and call this hell.

>> No.28974126

5 figs is nice because you never really worry about losing it to a market crash. You can easily reaccumulate during a bear market. 6 figs is hell because it's enough to just barely be life changing so you will be depressed if it crashes but it's not enough to actually buy a place to live or make passive income

>> No.28974288

Tfw stuck crabbing at under 250k for the past few weeks while watching random stuff pump.

>> No.28974342

>>28974126
I'm basically at 6 figs I just fucked up posting the thread.

>> No.28974452
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28974452

Stuck in mid 5-figure hell. At least if we made it to 6 then we could gamble with 10-20k on some shitcoins and a couple of good payoffs on those could propel you into 7 figures. But alas.

>> No.28975121

>>28970921
You could do pretty well selling covered calls on blue chips with 100k, if you're looking for income rather just just holding an appreciating asset

>> No.28975206

>>28974126
so true.

t. 500k canabucks portfolio

>> No.28975298

>>28971529

Explain how it has 3 times the volume of UNI, it has ~25x LESS volume than UNI according to CMC