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/biz/ - Business & Finance

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4057740 No.4057740 [Reply] [Original]

I'm 21 and put my life savings into Ethereum (ETH) at $9.00 in February.

This cost me $26,100 at the time.

Now that I've made more than I ever thought I'd have by this stage what do I do?

Should I diversify? Keep holding? What would you guys do?

Hope to get some good ideas. I worked very hard since 15 to get to where I am now and I feel like I've not done enough planning on how to actually use the money I've made at this point

>> No.4057750

>>4057740
how are the taxes in your country?

>> No.4057753

>>4057740
if you aren't a LARPing piece of shit, i'm proud of you op

>> No.4057755

Do NOT buy any of the BTC-based alts, they're all scams to boost value of Bitcoin. Just hold onto some of the ETH and put some into BTC. Maybe put $100k or so in real stocks and bonds.

>> No.4057766

>>4057750
Pretty good. We don't have capital gains tax.
>>4057753
I'm not. I actually think I need some help on what my best options might be now

>> No.4057767

>>4057740
Cash out buy a nice house, buy a nice car and just live a comfy life now anon.

>> No.4057769

depends on what you feel like personally, no one here is qualified to give you investment advice. As of immediately rn you have like 4 options
>1 hodl eth through this fork and potentially lose profit
>2 buy bitcoin for this fork and potentially make a great amount to sell back into eth
>3 risk money on alts, frankly i think you are in a good position and dont need to throw too much into it. if anything omg/ark/kmd would be a safe bet for the future
>4 take out half or so and work on non crypto assets if you are worried about the market kabooming

again youre in a great position and have a lot of options, i cant tell you what the best one is

>> No.4057772

why u didnt sold D: u had now over 400 btc at the ATH

>> No.4057773

If I was in your situation, I'd withdraw 10% per year. That way you have a solid yearly income, it won't be too heavily taxed, and it has room to grow further. It will also stop you doing anything too rash with it. Congrats, btw.

If you're feeling generous
0x4745823e097c79E74b0B1c1C3744B4B5c1De27E0

>> No.4057775

PLEASE send me a couple ETH so I can buy a new laptop, my current one is cracked to shit so I've been trading on my phone.

Here's my pathetic portfolio.

0x44B79FB238bF37ECD139D24084555110b5363A75

>> No.4057779

>>4057769
assuming crypto doesnt explode you could hold a proof of stake coin, and make passive income off your money. assuming that omg does great you could make a lot off this. if you dont know what proof of stake is essentially you make free coins from holding that specific coin

>> No.4057787
File: 403 KB, 1440x2960, Screenshot_20171026-020713.png [View same] [iqdb] [saucenao] [google]
4057787

>>4057775

>> No.4057788

Keep holding. Alot of erc20 cryptos will fail. However, Eth will still hold because consensys & gas. Vitalik & Joseph haven't sold yet.

>> No.4057789

>>4057740
>he didnt sell eth at 500

>> No.4057790
File: 157 KB, 633x758, 1465316048521.jpg [View same] [iqdb] [saucenao] [google]
4057790

Just.... be happy, OP.... you better be, for the both of us, to balance my JUSTing......

>> No.4057798

>>4057766
i have nowhere near your luck or capital, and im honestly pretty inexperienced, but if i were in your shoes, i would probably set aside a budget for random crypto investment (maybe 100-150k, since you've seen first hand how just one smart investment can pay off well and you can stand to make fat returns from riding big waves with a fraction of this budget). then, from the remaining, i'd diversify whatever amount you think is best into btc depending on how you view its future compared to eth

you could also take a similar budget and use it to start investing in stocks and bonds, but fuck that, its the digital gold rush

>> No.4057799

>>4057767
do not be a retard and do this. a decadent lifestyle isnt everything. Do not blow half your stack on a house or car, you dont literally need a lambo. Live where you want to live and exist man. travelling could be a lot of fun. but DO NOT pull out a significant amount of your assets. look heavily into portfolio diversity theory. you need to divide assets into different options

>> No.4057801

do you have a job? if you have no income, you could find yourself in the 0% capital gains tax category. maybe grab an accountant to make sure you're following the rules.
if you have a job, you should quit and cash out next year.
adjust your portfolio to 80% stock, 20% crypto. put all your stock in VOO until you learn more about investing.

>> No.4057803

holishit...who u asking....in this biz most of the replies u got were lost theor portfolio by 90%...dont take their shit advise....u r wise enough to take u r choices....but u made incredible feet so u deserve better life ...so take out/cash out at lease one mill in fait to be sure....we not sure wt happens to cryptos tomorrow

>> No.4057805

>>4057798
to be clear, i'd use that budget for crypto investments in general, not on one big investment. i would use that budget to diversify pretty hard into a ton of random projects i see value in and to dip in and out of random pumps. definitely don't put it all in one place unless you have huge balls or have thought it through pretty well

>> No.4057811
File: 295 KB, 1920x1080, 1465424257151.jpg [View same] [iqdb] [saucenao] [google]
4057811

Spare some change for a poorfag? Help a faithful fellow /biz/raeli out so I can at least get some normal food and not the highest calorie/price ratio garbage. It would make my day.

0xE1C5AfB6cC73ae9722715042c73e7A6a4daB52b5

>> No.4057812

>>4057740
>>4057766
here's what you do

buy 100 million bitbeans

hodl 50/50 in bitcoin/eth

>> No.4057815

>>4057801
Yep I work in software development, I'm thinking it might be a good option to keep working and just forget about what I have in crypto on the chance that it might blow up but there is definitely no guarantees.

Right now I'm not diversified at all so getting some ideas here is exactly what I'm looking for..

>>4057790
Of course just being happy is important, but when it comes to what is most logical thats what I am having a hard time working out

>> No.4057817

>>4057803
shut up pajeet
>>4057801
at this point your assets are considered long term capital gains, at least in the us, definitively look into financially what you need to do legally to move money around. also, consider getting a ledger nano, or ledger blue. a hardware wallet is a much better piece of mind at your stage in the game

>> No.4057826

>>4057817
It's PEACE of mind

>> No.4057828

>>4057815
like i said if your scared of crypto blowing up take out half or 60% of your stack. 200k is a lot to trade with, and will be hard to buy into things cause youll be creating walls. diversify out of crypto partially. especially if you are worried about it going south

>> No.4057830

>>4057815
oh you actually need real coins to hold lol well i guess here's my pasta


>BTC Bitcoin 50% (6000$ at time of writing)
>ETH Ethereum 10% (.047 BTC)
>ETP Metaverse Entropy 10% (.00078 BTC)
>XMR Monero 5% (.014 BTC)
>KCS Kucoin 5% (.000096 BTC)
>BITB BEANS 5% (36 sat)
>BIS Bismuth 5% (.0001 BTC)
>EDO Eidoo 5% (.0037 BTC)
>Play money: 5% spread amongst whatever trash you want

>> No.4057833

>>4057815
from one dev to another, definitely stay in the field and keep your skills sharp. if crypto does end up making you financially independent, you're gonna have lots of free time for side projects you know... and if it doesn't, you have a great career behind you and can look for a chill(er) job while supplementing your gains with your salary

but personally, i wouldn't start living a comfier life until i at least have a few million in investments. no point in getting used to a higher standard of living before you have the means to keep that standard going for the rest of your life

>> No.4057834

Send me some love and ill hit you up with an under 10 mil market cap coin with HUGE Growth potential that ive already made 3x on.

0x2222a9E3d76cD535276D35e4bEaF2a3c36cDAF2d

>> No.4057837
File: 1.18 MB, 2592x1728, IMG_3158.jpg [View same] [iqdb] [saucenao] [google]
4057837

If you wanna jump start my acension out of debt
0xCbD07180dC378bc86264cCD3135C74e603496cB6

>> No.4057838

>>4057740
hey retard dont take suggestions from these chinkis, pjeets.....wagfuckers...niggars...they give u shit ideas.....cash out and put it in stocks/some non volatable business what ever u think for u r retirement/luxury life .....rest u can keep in crypto....

>> No.4057843

>>4057838
>buy stocks with potentially unlimited share counts
>buy bonds with literally no obligation to pay you

if you said buy real estate you wouldn't be a retard, but you still are mr "safe investment" man

>> No.4057846

>>4057815
Diversification is for suckers which is why Buffett has a concentrated portfolio. Don't fall for the trends

>> No.4057847

>>4057740
cash out half and sit on the rest for another year.

>> No.4057849

what to do this with beggars.....when ever they see good portfolio...they give theor address.....hey beggars instead of begging ..ask some idea from him and learn to become rich........get out beggars

>> No.4057859

>>4057828
I definitely agree that not doing everything at once is a smart idea, you'd want to do it in parts.

I always have this thing in the back of my head that fiat money is not going to be worth anything, and selling something that could potentially be the foundation for the future monetary system seems to not make much sense especially when you know how money and the federal reserve works..

Is that crazy? What do you guys think?

I dont want to be like the Bitcoin Pizza guy..

But I also have no idea what the right thing to do is. Some of the responses here so far have definitely helped though

>> No.4057863

>>4057849
theres not much advice to have though is there? he bought eth and hodl. theres not much that goes into that. what kind of advice is there at that point? why he picked eth and why he only hodl?

>> No.4057865

>>4057740
get an iphone

>> No.4057874

>>4057833
Definitely some solid advice worth considering.

Thanks mate.

>> No.4057879

>>4057863
>>4057863


if u really want to ask....u can ....but u have to have iron balls to keep a all life saving in single coin...until 300$....so we can ask him ...how he maintained his cool , no sell....does he look his blackfolia all the time like us....so many q u can ask

>> No.4057880

>>4057863
Because I know I suck shit trading when I tried it out in FX once a couple years ago.

I read about the guy who messed around and didnt 'hodl' and now he may as well burned 10s of millions.

I'm just trying to get somewhat of a sense of what people here are doing so I can add that to my own process to consider before doing anything from this point.

>> No.4057883

if u feel like gibs:
0xacd1b05b1ee7503dd9b27654ab84b1f0ecc62ded

:3

>> No.4057885

>>4057859
then dont hold fiat my guy. if you are super sketch buy gold or something. properties is also an option, invest in local business. youre capital gives you a lot of options, its about choosing what you are comfortable with. but i would agree with your statement on fiat.

day trading isnt really in scope for you unless you buy in smaller numbers to avoid creating walls. That being said looking at coins with promising future could be a great idea, especially if proof of stake happens, then you will make new coins instead of just %gains.

if anything with the upcoming fork i would buy some btc, couldnt hurt. lest eth drops to 250. Remember vitalik sold his at 25$ hes not sure why its worth what it is. not fuding it or anything, but it has been wild recently

>> No.4057902

Agreed, live below your means brah. That's how anyone can be wealthy. I'm sitting on a few mil but living like a normal joe.

I wouldn't start going potato with money until you've got like 3mil for your life fund. Anything over that is a bonus to buy and do what you want.

>> No.4057903

>>4057885
True, I think if anything the only things of real value are going to be property and cryptocurrency.

Although crypto being widely accepted is a huge gamble.

I kinda feel like Gold is a meme, its not going to stay relevant in the 21st century IMO but I could be wrong.

I appreciate the thoughts a lot man, hugely helpful to get the opinions of some others here

>> No.4057904

>>4057880
also please for the love of God buy a ledger
https://www.ledgerwallet.com/products

seeing that much held online gives me heebie jeebies

>> No.4057907

>>4057902
Are you just straight "Hodling" all your money in crypto?

Please tell us what your portfolio make up is in percentages if you're able to shed some light on what you found worked best for you.

Cheers

>> No.4057909

>>4057903
let me ask you this, if you dont believe in crypto, and you dont think fiat is a good idea, then what the fuck do you think is going to be worth the money

>> No.4057913

My advice is the best - just hold. Vitalik and Joseph Lubin haven't sold yet, and they're billionaires. Do you want to be rich or not?

>> No.4057915

>>4057909
I just think crypto is a huge risk, huge reward.

I have no idea if its going to become widely accepted.. property seems to be the best bet for the future if you're looking at it in terms of least risky.

There is only so much real estate in the world making it scarce, and its also a necessity for humans to live in.

So yeah, probably less upside, but what are your guys thoughts on WHEN crypto could actually start becoming a real threat to the fiat system if at all?

>> No.4057921

>>4057913
I have huge respect for both these guys!

But of course they're fully invested in it and working to make it happen.

>> No.4057923

>>4057915
look at countries like Venezuela. their fiat is worth less than wow gold, btc is already what anyone with a brain there does with their money because they dont have to worry about it shitting the bed relative to other fiat because its internationally valuable.

>> No.4057929

>>4057923
woth noting that im a huge believer in crypto, so take my bias as you will

>> No.4057936

Please, op. You're my only hope.
A bit if good karma won't hurt.

0x9aC4ed983579C88dcABE7d32bec10eF35A61DD9B

>> No.4057937

Almost a million dollars isn't cool, you know what's cool? Tens of millions of dollars. Go all in on OMG and thank me this time next year.

>> No.4057943

>>4057740
If it was me, I'd take out most of it, buy a nice house, then with the remainder just put into bitcoin/eth/a few alt coins and continue holding.

A house (to me) is one of the most important things, and having a fully paid off house at 21 is quite literally the dream.

>> No.4057945

>>4057740
you didnt fucking sell at $400+?

kid, just cash out now before you do something stupid lol

>> No.4057949

>>4057907
Actually no, I made a majority of my net worth through game development. I released a game this year(that took 4 yrs to dev) that netted me a couple mil.

I've only made 500k so far profit from crypto. Majority in BTC and a couple in a few other promising alts. Unfortunately my country has CGT so I'd rather ride out the profit to a few mil first.

Regardless, I'd look at putting 80-90% of your funds in a low risk investment. Get like 3-5% return yearly. Security of financial independence is easily gained this way. (thats what I do, guaranteed income is stupid not to miss out on)
And the 5-10% you can put in higher risk like Crypto.

>> No.4057959

>>4057945
How on earth does anyone know when and where the price will and won't go at any moment?

Drawing memes on a chart doesn't seem to make much sense to me when you're dealing with large amounts..

>>4057943
I agree a house is important, but its also no good if you dont want to confine yourself to 1 location..at least with renting you can move easier

>> No.4057962

>>4057923
>>4057921
https://www.forbes.com/sites/realspin/2017/02/03/why-venezuelas-currency-crisis-is-a-case-study-for-bitcoin/#52a35d1819b2
heres a article from forbes.

>> No.4057963

>>4057949
Damn nice.

Was it a PC game? Kinda curious to look into that.

>> No.4057970

>>4057787
I'll sell you my laptop for your link

>> No.4057974

>>4057959
>I agree a house is important, but its also no good if you dont want to confine yourself to 1 location..at least with renting you can move easier
It's not necessarily just about living there, it's yours, no matter what. Property is generally something people increase and increase, it's a fairly safe investment (more people living = more demand for houses, simple).

Even if you buy like a $500k or so house (in Australia that's not much, but if you're American it seems like that can get you a pretty nice house), and use the rest. Either way, well done anon, as long as you don't fuck up bad (and I doubt you will), you're life has become much, much easier.

>> No.4057975

>>4057767
Worst advice I've read on here in a long time. Especially the car is a huge waste of opportunity.

>> No.4057978

>>4057959
dude, you went from $9 to $400 on a 21k investment and you didnt consider it was time to sell? how fucking greedy are you? you think it could jump to 1 or 2k just like that?
get this in your skull, buy low sell high, you did the first part well now sell while its still high, we dont know wtf can happen next months.

>> No.4057983

In my opinion:

1. Cash out 75% of your ETH.
2. Diversify the cash into:
>50% index funds
>20% bonds
>10% good altcoins you can stake with (personally I would get a significant amount of Ark)
>10% precious metals
>5% keep in the bank
>5% spend on something you want. You earned it.

>> No.4057984

>>4057974
TY for the sound advice

>> No.4057995

op you need to figure out a way to get out of eth immediately, not by bank terms where you fuck yourself and your a government play toy on capital gains tax. Keep the money and invest into other things eth isnt a game its russian roulette on your wallet and that isnt fun.

>> No.4057998

>>4057978
>it's a schizophrenic tells cryptocurrency users about the dim prospects of coins ever going up episode

>> No.4057999

>>4057978
>dude, you went from $9 to $50 on a 21k investment and you didnt consider it was time to sell? how fucking greedy are you? you think it could jump to 300 or 400 just like that?
get this in your skull, buy low sell high, you did the first part well now sell while its still high, we dont know wtf can happen next months.

Hindsight is 20/20 now stop talking like an arrogant retard and wake the fuck up, we have just as much reason to believe it will dip lower as we do to believe it will rise above 400.

>> No.4058000

its not really enough to retire on, and i wouldnt withdraw any simply because the gains you could make outside of holding bitcoin or ethereum are much smaller.

only take out money that you actually have a need for, and leave the rest in.

>> No.4058002

>>4057978
Are you serious? I bet you say "oh I wish I bought bitcoin at $1!!!" but you're a faggot who would have sold at $10.

>went from $9 to $400
You do realise you could apply the exact same logic at $100, $200 etc...

>> No.4058003

>>4057983
this

Put your money into something safe and have fun with the 10%. That 10% is more than you started out with anyway. Maybe you can find another good one.

Congrats anon. Be safe and smart. Don't get greedy you're doing well. Also, get a gun to defend yourself.

>> No.4058009

>>4057999
why take any chances when he already 33x his money?? oh wait, he didnt until he actually SELLS

>> No.4058012

>>4058000
> only take out money that you actually have a need for, and leave the rest in.

This has been my game plan.

I dont need the money since I'm living fine now with my work but yeah the thought has crossed my mind a couple times about if I should be doing anything with what I have in crypto by this point.

Holding seems just so much easier honestly than making a decision that might end up being great, or terrible.

>> No.4058013

>>4058009
I thought I summed you up well but >>4057998 did so much more concisely

>> No.4058017

>>4058002
>>4057999

fucking greedy men, you will get burned some time

>> No.4058028

>>4058012
if you want a safe option to transfer to find that one coin thats tied to the usd. You could easily not lose anything.

>> No.4058029

>>4058012
eth is a risky hold, if you want low effort pick like 3 coins. personally
eth/ or kmd if you want out of eth
omise go
btc

i think that would be a safe bet PERSONALLY

>> No.4058038

>>4058013
Dynamic IP's are a cunt, Im the guy you replied to

>>4058017
Literally the most basic rule of trading is to let winners run and to cut losses early. Enjoy hodling coins netting you 50% losses and desperately clawing your 10% gains before they actually take off, and eventually running yourself broke, you braindead, minimum wagecuck, animorphised white noise of a human being.

>> No.4058043

>>4057963
Yeah a PC game on Steam, was a huge pain and stress to work on but I suppose it paid off. Won't give the name away since our team is plastered all over it. It's a FPS game I will say.

I agree with everyone else, you've done your part. Buy low sell high and it paid off. Get most out while you're ahead because right now a majority of your funds could drop off at any time.

>> No.4058046

>>4058012
yep, i would only consider taking out a sizeable amount if the forecast of crypto completely changes.

i have a huge amount of money just sitting in bitcoin and ethereum because i know i can weather a 75%+ drop and ride it out while things recover. if i was bearish on crypto as a whole, i would just remove 50% to 75% of it and take the tax hit, but that only makes sense if you think crypto is going to crash 30-50% in the near future.

>> No.4058047

>>4058029
this way you can still hodl, but its statistically safer
http://www.worldcommercereview.com/publications/article_pdf/79

>> No.4058055

>>4057740
congrats if true. very few go all in and few who do win big

>> No.4058058

>>4058038
fucking retard, he already hold enough to let his $9 grow to $300, the braindead decision at that point would be not cashing in and diversifying his $. You probably just got lucky a couple of times and think you are unstoppable, fucking faggot. Hope you end up broke

>> No.4058066

>>4057740
If I were you I'd put 2.5k into Ark, 2.5k into WTC, 2.5k into BNB and 2.5k into REQ.
Ark is a good project and will steadily gain market cap in the future, I forgot what WTC was but I remember it sounding really really fucking good (you should personally look at these ofc, don't just take my word for it), BNB is used as kind of a fuel for the Binance exchange which is getting more and more popular, and REQ is going to be the new paypal, advertised by y-combinator (look it up).
10k won't make a difference to you, but it's going to gain far more percentage points than meth at this point.

>> No.4058068

>>4058058
maybe we are unstoppable and youre the faggot

>> No.4058077

>>4058068
Spoiler alert: we are and he is

Actually knowing how to fucking trade will indeed do that to you

>> No.4058092

>>4058066
i very much doubt any of those are going to outpace bitcoin by 10x in the near future.

>> No.4058094

>>4058077
>>4058068
this

>> No.4058104

For now I'm going to keep holding and hoping for the best.

But yeah, I mean so long as you dont need the money for emergency it should be fine.

One day I think the only thing I would diversify into is real estate.

I just wish fiat would crash already lol.

>> No.4058103

>>4058092
nigger the goal is to acquire more bitcoins

>> No.4058109

>>4057740
Congrats!

>> No.4058118
File: 169 KB, 700x466, 1419005095260.jpg [View same] [iqdb] [saucenao] [google]
4058118

finally had some spare money from backpay and decided to get into crypto around May, wasnt following it much had no idea shit was mooning, more than likely would have bought ETH as I was interested in it ages ago when it was 2 dollars. fucking missed out by 2 months

>> No.4058126

>>4058104
if thats what your comfortable with man, i still think some btc in the fork would be a good idea. but thats me.
by all means its your money and you need to be comfortable with what yo do with it that way you cant blame anyone but yourself for the outcome, good or bad.

if you wanna shoot ya boi some eth thatd be litty
0x601eAeBEC698aEa5b3018734c4B1580765c53004
im going to bed

>> No.4058128

>>4058103
This
If you're still looking at USD values and charts you're doing it wrong. The only purpose of alts is to rise compared to btc so you can acquire more btc.

>> No.4058135

Buffett makes 15% a year. Compounded that's 2x yearly for the first 30 years (1.15^30). Eth is that long term hold.

>> No.4058139

Cash out 100/200k and buy a house/flat. Leave the rest in crypto.

>> No.4058142

I'm not a fan of BTC though desu.

ETH is actually applicable so much more to real world applications and adoption.. thats just my thoughts/opinion though.

To each is own

>> No.4058144

>>4057773
>>4057775
>>4057811
>>4057834
>>4057837
>>4057883
>>4057936
Kill yourselves begging Pajeets

>> No.4058148

>>4058043
Just curious: How much money does valve get from you sales? I heard it's 30%

>> No.4058171

>>4057740
Here's what you do.

Sell half.

These are the scenarios.

Ether quadruples and you say damn I now have 2 million but could've had 3,5 million if i hadnt listened to biz anon.

Ether plunges to 50 and you say Kek, I cant believe i got half a million out of that epic pump n dump.

>> No.4058203

>>4057740
>>4057766
>>4057874
NEW ZEALANDER detected.

>> No.4058204

>>4058148
Yeah its about that. It is tax deductible though if you have operating costs. Kind of sucks, it should only be 5% for hosting the page/service. They no longer help making your game discoverable. The amount of money you make is now dependent on the devs marketing.

>> No.4058213

>menu
>hide thread
OP brandishing his gains make me sick, an eye sore in the catalog

>> No.4058252

>>4057879
>>4057849
Holy shit, I agree with you but could you type anymore like a Pajeet? It looks like you're going to ask us to show bobs and vagene sometime soon.

>> No.4058317

>>4058252
when will u pajeet learn ....we have comma (, sign) ...why u use elipsis ever time u want space....

..open bobs please dear

>> No.4058333

>>4058104
>>4058203
FUCKING KIWI
MY BOI
GO GET YOURSELF A FUCKING BIG BEN CUNT, YOUVE EARNT IT

>> No.4058359

>>4058333
>>4058203
>>4057874


>>4058353
Get in here cunts

>> No.4058385

>>4058103
that's exactly my point. you're listing coins that i doubt can outperform bitcoin by anything worth dealing with. they're already pumped up on empty hype.

>> No.4058393

Keep Hodl.
You are not yet rich.
Concentrated investment into eth got you to where you are now...so why diversify now?
The wall street stampedes are still coming... hang tough for another 12 months and reevaluate when you are mega wealthy

>> No.4058401

>>4057740
i would say OP
>keep 400K in BTC
>keep 250K in ETH
>keep 50k in trusted alts (maybe something with dividends payout?)
>cash out the rest and start an incubator in witch you offer 50K for 3 startups in exchange of quotas

>> No.4058476

>>4057740

OP

i hope you'll listen ...

Keep holding the vast majority of your ETH. We are barely at the beginning here. Wait until the Casper update, that will be a game changer and ETH may not have any significant movements until then. The reason is Casper will introduce staking, and by then ETH's scaling abilities will be exponentially better. This means you'll be able to stake a large amount of ETH and generate a passive income that retire you for good. Beside that, once Casper is introduced the value of Ethereum will skyrocket.

You should maybe take a tiny amount and diversify it into normie world holdings like a bit of real estate in a beautiful place like the south of italy, greece, south of spain, where real estate is cheap and you can AirBnB it for more passive income.

>> No.4058487

>21
>LIFE savings
>$26,100
Good job being born as a trust fund baby, I'm impressed

>> No.4058501

$20k is literally nothing, even if half of that were gifts from family and extended family, which is completely normal, its incredibly easy to earn $10-15k working for 3-4 years.

you're just lazy.

>> No.4058503

>>4057740
first you stop dwelling on your success because you can come down just as fast

then you just chill and realize you're in a good spot. start recognizing haters in your life and silently distance yourself from them. all they'll do is try to make you feel like shit. surround yourself with realistic people or you'll lose it all and be worse off than you were before.

>> No.4058529

>>4057740

Props on the gains OP, I've managed to turn $13,000 in into $160,000 myself.

Honestly I'd say take 50% out, pay cash on a modest apartment and a reliable car ( if you don't already own one), and diversify what you have left into more traditional investments.

I'd probably also transfer 20-25% of your remaining Ether into other cryptos.

>> No.4058551

>>4058476
I definitely think you have a good point!

>> No.4058731

>>4058476

Very good advice.

>> No.4058734

>>4058487
hey nigg, sup?

>> No.4058745

>>4058551

If I were you, OP. I would also invest just small amounts (one thousand here and there) into some of the alt coins that could become hugely popular as blockchain becomes more and more mainstream, giving you great gains a few years down the line.

>> No.4058778

>>4057767
>be dumb amerifat
>get 800k out of luck
>lol lets buy lambo and mtv crib house
>wtf do you mean I lost my house because of taxes?
>lol /biz/ pls donate 1 btc, I lost everything, thx

>> No.4058786

>>4058778

So true.

>> No.4058805

Nigga diversify to BTC/ETH, get a few thousand worth of waves or something. Don't spread to much. If I we're you I'd cash out atleast 50-60%.
Buy a house and buy a car. See what to do from there, maybe have some fun? Travel the world?

>> No.4058807

Put 250k into 1mil linkies
Keep the eth

Thank me in a few years when you are worth 100mil

Ethereum is, and will always be the internet of smart contracts
But without a decentralised oracle smart contracts are not trustless.

DYOR

>> No.4058813

>>4058805
Diversify to BTC.. since you hold ETH.. what almost got you a millionaire. So Please Nigga.. Buy a house..

>> No.4058826

>>4058778
Buying a lambo wouldn't be the worst idea but definitely don't go spending all of that money on shit that won't make you any money. If you're in the US, buy a house (good market atm) or an established business.

>> No.4058841

>>4057740
What made you do something so impulsive as putting your entire life savings in eth all at once?

>> No.4058844

>>4058826
thats why americans are always in debt, once they get some money they spend it on things that will cost them more than what they are gaining

>> No.4058847

Go all in on link op

>> No.4059127

>>4057740
convert them to bitcoin then retire

>> No.4059136

fk you OP you lucky bastard..
Go buy a lambo now

>> No.4059214

>>4059136
this guy only wants a pump on his lambocoin bags

>> No.4059229

>>4057740
>put my life savings into etherum
this is so incredibly stupid, you have basicly won the lottery. Well done, but no one should follow what you've done.

>> No.4059239

>>4057740

alright OP I'll help you out

dead serious answer, get out of crypto almost completely (if you hold anything, make it BTC) and get into a diverse portfolio of blue chip stocks with decent dividends

>> No.4059283

>>4057740
Easy cash out half.
You earned a present equal to your initial investment (waste), keep 6 months living expenses in the bank, and invest rest into a property.
Maybe a gift to your parents if they have debts or mortgage.
For crypto - evenly split into bitcoin, Bitcoin Cash, ethereum (30pc each) and chuck the rest at some shitcoins.

>> No.4059297

Hey op, if you wanna send me some eth, then respond to this post and I'll give you my address.

If not, it's okay bro.

>> No.4059315
File: 101 KB, 600x800, 14009847_10210509316398231_2088604875_n.jpg [View same] [iqdb] [saucenao] [google]
4059315

>>4057740
buy my bags

>> No.4059317

Couple of questions for OP, and maybe others.
I'm just looking to start investing and I have no idea what to invest in.
What do you look for in an invetment? What made OP choose ETH for investment? Did you get lucky, or did you think it would do well?
I'm only going to invest a few hundred every few months which is nothing in the grand scheme of things, but I wold like something thats going to do well long term, something I can cash out in x years when I retire

>> No.4059350

>>4057740
>putting life savings into a cryptocurrency which you had no idea would moon

No one does this. Nice LARP

>> No.4059381

>>4059229
This
Going all in on something extremely risky you barely understand is absolutely retarded

>> No.4059426

>>4057740
buy some Substratum. as a dev you should understand its value.

>> No.4059496

>>4059297
oh yes please let me send you some eth

>> No.4059513

>>4059496
Alright, are you sure? I'll link my address if you really want

>> No.4059527

>>4059513
yes please hurry I really want to send you some eth

>> No.4059628

I'd probably take out your initial investment at least you larper fag.

>> No.4059646
File: 121 KB, 502x664, 1508571187839.jpg [View same] [iqdb] [saucenao] [google]
4059646

>>4057740
Personally I'd cash out 20% to have fun with and support my life.
Then I'd proceed to put it into stuff that will take off in 4 years like WTC or OMG and not have to worry about anything.
Don't do anything retarded OP

>> No.4059846

>>4059527
Okay man here you go 0x90EF20e571d60a51108138847268f281c0bcF60f

>> No.4059999

take out 500k, put half in btc and half in OMG. you have a serious chance of repeating this with OMG if the roadmap works out.

>> No.4060012

>>4057740
The smart answer would be to keep investing in ethereum and crypto. Put no more than 250$ in each and every coin on Cryptopia and Etherdelta
Then use PoStake coins to get more returns on your money rather than buying rigs.

Personally what I would do? I'm so pissed off at being a bad trader chasing and missing moon missions that I'd honestly take my 800k and fuck off with it in a real world business.

Online websites(4chan, Instagram), funding a book, funding a video game(Candy Crush, Minecraft, Runescape), funding a cartoon show and comic book and various music artists.
Or I'd start my own ICO in crypto.
Or bee keeping, truffle farming with a sniffer, some hipster idea on Kickstarter like the fidget spinner or lol so randumb idea such as Cyanide and Happiness and exploding kittens card game.

But I'm so fucking angry that I can only make serious money via trading and holding that I'd stop immediately and do anything else for money.
Fuck trading. It's nerve wrecking.
I and everyone else lost Bitcoin Red/Ethereum Gold's 10x10 because we were busy staring at Yobit's fake bitcoin gold.

I really want to go back to Kickstarter.

>> No.4060093

>>4059846
Hes not even OP, don't get your hopes up.

>> No.4060119

>>4060093
I know, but sometimes kind men cum in the strangest places

>> No.4060184

Holy shit gj OP

>> No.4060188

You have a lot of good advice from people here. I’m not going to shill my alts here. I would take most out and reinvest in property. Then leave the rest in BTC.
Good luck.

>> No.4060212

>>4060012
m8 I think you should just take a break and do some hobbies and put your shit into a safe alt and stop looking at charts all day. It's bad for your health.

>> No.4060254

Don't know where OP lives.

If you want to go back to school then take out enough cash for 4 years and university. You're also in a situation where getting a phd isn't a bad idea since you have a lot of disposable income you could live off.

If you know where you want to live, take out enough money to buy a house and pay cash. I know they say that putting your money into a house yields less than putting it in an index fund but you can't guarantee you'll get the same sort of returns in the future, while a house to live in is a hard commodity that has value for you. For one you can pretty much get rid of most of your bills(you'd only pay utilities).

If you want to stay in crypto I'd advise you to look into diversifying after metropolis is in full gear. I suspect eth will go to atleast 500. Put 50% of your stack into BTC and either keep the rest in ETH or put some in XMR/XRP/LTC. Realistically I'd go BTC/ETH/XMR though.

You'll want to look into taking a good portion of your holdings out of crypto next year. This gravy train isn't going to last forever my friend. When you do, put some money into the stock market through vanguard index funds or purchase rental properties, or do both and diversify.

>> No.4060384

>>4057766
This is income tax in my country, capital gains tax would apply on gains made by staking your cpins in a pos blockchain for example

>> No.4060422

I got robbed of all my life savings last year. Bastard hacked my pc and stole my 20k :(. Please donate to poor fag. ;(

>> No.4060527

Go away Felix.

>> No.4060558

>>4057740
vertcoin omisego
xrp
or buy yourself a property and rent it out... if you are happy with what you have achieved so far

>> No.4060583

>>4057740
Don't take advice from people who have no consequences at all for telling you to do the wrong things. Get into a hedge fund, maybe hire a financial advisor.

>> No.4061286

That's alot of money for a 21 year old, congrats. Don't be afraid to move some around. Pay off any debts, put some on a few alt coins, fund your own business, buy a house. At your age you have alot of options OP.

Just don't be retarded.

>> No.4061471

I'd buy a little flat with $200k to reduce my expenses, cash out a bit every month for food, and just start working on my business ideas without worrying about making ends meet.

I would also diversify the remaining fund from ETH. There are a few promising projects that could multiply your holdings.
The only thing is don't put too much in an illiquid asset, make sure you can always exit from all your major positions with <10% loss.

>> No.4061619

>>4058487
I had over 30k when I was 17 that I earned myself. How is earning 21k by 21 unbelievable at all?

>> No.4062192

start moving some to btc

put 10-20k in neo and omg

sit tight and let it grow. don't worry about the dips or anything

if you're anxious, just use 10k MAX for shitcoins since they are high risk, but you can have big payouts just with 10k

>> No.4062503

>>4057740
Cash out half and buy a house with it.
Live in the house for 10 years and it will have paid for itself.

>> No.4062530

>>4058144
The begging has really gone too far

>> No.4062544

>>4057740

These fucking assholes that got lucky early this year piss me off.

>> No.4063116

Felix buy the silver mustang
T. xJP

>> No.4063152

Get a lawyer first
Put half or three Forth's into safe non crypto investments
Crypto with a quarter

>> No.4063160

>>4063152
Please OP get a lawyer and accountant

>> No.4063175

>>4062544
thats why you will stay poor

>> No.4063189

>>4057740
go legit and keep 200k in crypto. Get an LLC and lawyer and accountant. Nigga we made it

>> No.4063641

>>4058487
I had around that much because I lived at home

>> No.4063696

HODL THAT ETH LOL

>> No.4063718

>>4058487
i spent 100k of mommy's money on btc so i can live the 21 btc meme, you mad at me too faggot?

>> No.4063754

>>4057949
What do you recommend for a low-risk 5% annual return? My goal is to get 2MM and live off interest :)

>> No.4063791

>>4057740
>I'm 21 and put my life savings into Ethereum (ETH) at $9.00 in February.
>
>This cost me $26,100
More like your rich mommy and daddy's savings for you kiddo. But lucky you for investing at the perfect time for HODLing. Nowadays its not as easy.

>> No.4063809

>>4063791
not everyone is a worthless neet and actually has/had a job at some point in their lives.

>> No.4063845

I worked for every cent.

I did get lucky on the Trump election and had a nice bet pay off before buying ETH though

>> No.4063879

Stop being a fukin pussy and just hold. Ethereum will fuel the world of decentralized exchanges. Maybe cash out enough to live for a while if you need to, otherwise chill out.

>> No.4063899
File: 1.90 MB, 1910x1000, 104538454-erik_finman_color.1910x1000.png [View same] [iqdb] [saucenao] [google]
4063899

>>4057740
Is this you, OP?

>> No.4063900

>>4063879
Yeah I'm too indecisive and because of that am going to end up not touching it at all. Too stressful otherwise.

I think it's probably best just to forget about it and come back in a years time

>> No.4063959

>>4058826
Americans are legitimately retarded

>> No.4063994

>>4057740
GODDAMN OP! I though making 50 stacks was an accomplishment for me

>> No.4064006

>>4057740
i'd cash out at least 80% and keep on trading with the rest.

>> No.4064064

>>4057740
>>4064006
also what made you choose to invest in eth at the time? newfag here, just curious

>> No.4064078

>>4064064
Because it was #2 and useful as fuk duh

>> No.4064098

Proud of you faggot, take this advice from my boss who had the same amount of money you did; don't spend it on stupid shit get your essentials down first like paying off your mortgage.

>> No.4064106

>people are legit jealous of op whos bagholding a scamcoin in a huge bubble

Wew

>> No.4064123

>>4064078
whats useful as fuck now except eth?