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30372339 No.30372339 [Reply] [Original]

I get my paychecks every two weeks and pretty much always do the same thing. fomo into ETH/BTC/LINK/some alts with 85% of it

my average cost for BTC is like 35k and Eth its like 1200 so im pretty much as late as you can get. i have 20k invested now

am i a fucking idiot or what

>> No.30372376
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30372376

>> No.30372418
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30372418

>>30372376
This is such a fucking cursed lineup

>> No.30372883

>>30372339
you should diversify. i invest most of my paycheck as well but but split between real estate, an ira, tradeable account and use crypto for speculation. since you can stomach the swings in crypto you could easily find other risky plays in other vehicles. or if you don't like the wild swings you could find more stable options as well.

>> No.30373004

Buy HBAR thank me in 5 years when you can buy a small island and build a town on it.

>> No.30373038

>>30372883

I do have a 401k im dropping about 8% of my paycheck into. might bump that up a bit. crypto gains have warped my perspective and earning money in a 401k seems retarded even though i know i should be doing it

>> No.30373043

>>30372339
you should also be buying silver every week anon

>> No.30373078

>>30372339
in 10 years you'll have a better perspective

>> No.30373100

>>30372339

Sneed's Feed and Seed (formerly Chuck's)

>> No.30373207

>>30372339
>I get my paychecks every two weeks and pretty much always do the same thing. fomo into ETH/BTC/LINK/some alts with 85% of it
>am i a fucking idiot or what

No bro I'm proud of you this is EXACTLY how you make it. Sure you did start a little late as its better to DCA during a bear market and not a bull. I did the same thing since the peak of 2018 for nearly 1.25 years and now I have almost 600K in crypto. Slow and steady wins the race. What alts are you buying? I basically went all in LINK and then when I started making sick gains sold off like 5% to buy some low MCAP projects.

>> No.30373254

>>30372883
Terrible advice. Concentration builds wealth, diversification maintains it.

>> No.30373403
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30373403

>>30373100
>Sneed's Feed and Seed (formerly Chuck's)

>> No.30373495

>>30372883
How much should you have saved up before bothering to look into investing into real estate?

>> No.30373878

>>30372339
BTC/ETH/LINK are the safest options and guaranteed profit in long term. I'm doing the same but also XSN.

>> No.30374555

>>30372339

No anon, you're not an idiot. However, do remember that despite not wanting to be a CONSOOOOMER. Things and experiences do make people feel happiness. So don't forget to treat yourself every once in a while. Delayed gratification is great, but having no gratification ever is demoralizing.

I'm not saying spend thousands every month on random shit. Buy some quality things that you know will improve your life. Perhaps a nice new chef's knife? A nice road bike that you can use daily? A camera? Or perhaps you'd rather "do something" and go to a museum or a sporting event.

It doesn't need to be much. But remember that you do deserve to enjoy your money, too. <3

>> No.30374648

>>30372883
This advice is only helpful if he wants to keep his 20k. If he wants it to grow he needs to concentrate his investment into investments within his risk tolerance. Otherwise whats the point? Go all in on BTC and ETH. You cant afford to diversify. I'd recommend riskier alt coins however you're more likely to lose your money that way. Although the upside is huge.

>> No.30374816

>>30374555
Can these digits lie? Awesome advice, anon.

>> No.30375096

>>30374555
based

>> No.30375112

>>30373038
If your company is matching your 401k max it out ASAP

>> No.30375375 [DELETED] 

I'm basically in the same position OP. Although GRT and DOT bags took some percentage away from BEL.
Recently I've been thinking of buying a new alt but come paycheck the easy option is another BEL DCA.