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/biz/ - Business & Finance

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49358039 No.49358039 [Reply] [Original]

I've managed to accumulate £7000. Bearing in mind im dirt poor and live in a bedsit in a crumbling, fithly tower block.

Its £300 for teeth whitening, £150 for botox and i need new clothes. How do i maximise my revenue? Should i stick it all on the S&P500, wait for it to 10% then take it out?

>> No.49358211
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49358211

>>49358039
if you put that in AVAX you will be a millionaire soon and while you wait for it you make 10% APY on the delegated AVAX.
its literally that easy to make it.

>> No.49358269

>>49358039
Why blow cash on trappings of wealth when you know you're dirt poor? Save it. Turn it into money. Invest it. Attain a new skill. Don't blow your little savings to sprinkle glitter on shit. That's a despair move right there.

>> No.49358479

>>49358211
Do you have a link to any articles about your coin

>>49358269
Improving my mental health isnt a silly thing to do. I need my teeth done and i need to look good, because then i feel good. Hence why i want to invest then when i make £700 i can get my treatments without touching my original money

>> No.49358804

>>49358269
>Attain a new skill

Also i cant learn anything new, im just not built for anything new :(

>> No.49358834

>>49358039
since u used the sideways comb for currency, i'm going to assume that your dental costs will be 20x what you expect

>> No.49358889

>>49358039
>botox
???

>> No.49358904

>>49358269
ask how I know you are dirt poor

>> No.49359131

>>49358834
I've got two quotes, one for £4000 for actual, genuine work, or £300 for a band aid to help. So im gonna go with band aid. I cant afford £4k. I cant afford £300.

>>49358889
Yep, i dont want to get wrinkles, and im just feeling meh. Like im not looking as bright as should. To be fair my job really stresses me out, i was looking at a pic from this time last year and omg i had zero bags under my eyes, now i have a ton of bags under my eyes, its horrible.

>> No.49359481

Trying using that to escape your poverty by moving to a non-shithole

>> No.49359629

>>49359481
Where the hell would i move with 7k?

>> No.49360144
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49360144

>>49358479
>Do you have a link to any articles about your coin
yes
whitepapers:
https://www.avalabs.org/whitepapers
some stuff to read:
https://cryptoseq.medium.com/what-sets-avalanche-apart-from-other-blockchains-3c5f4a4c0889

also watch this for a quick rundown on the consensus:
https://youtu.be/AXrrqtFlGow

also blockexplorer here
https://avascan.info/
and here
https://vscout.io/
(this one has a calculator at the top so you can figure out how much you'd make delegating)

and here you can create a wallet:
https://wallet.avax.network/
(so you can delegate)

and you can also use Metamask for DeFi on the AVAX C-Chain, like for example you could also put your AVAX into DeFi like yieldyak and autocompound AVAX without having to delegate it.

AVAX has many possibilities look into them, good luck fren.

>> No.49360272
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49360272

>>49360144
also forgot to mention, AVAX is hardcapped like Bitcoin and fees dont go to nodes, they are burned thus making AVAX deflationary.
so while you stake/delegate, AVAX will continue to go up and so will your rewards, its top comfy.
(there is also no slashing or any risk to your delegated AVAX)

also check out this Avalanche Blockchain Dashboard:
https://stats.avax.network/dashboard/overview/

also docs for more info how all this shit works
(they are actually pretty good now, didnt check for some time)
https://docs.avax.network/

>> No.49360932

>>49360144
>>49360272
Ok wow this actually looks good. How do i invest? Metamask?

>> No.49361356
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49361356

>>49360932
>How do i invest?
you can buy it on any of the big centralized exchanges or you can send your ETH or ERC20 tokens over the Bridge
https://bridge.avax.network/
also check out the cchain explorer, its kinda like etherscan.
https://snowtrace.io/
you basically just switch networks. its easy and cheap to do.

then you go to trader joe and swap it into more avax.
https://traderjoexyz.com/trade

its kinda like Uniswap, (the JOE token is also very interesting.)

you can monitor some of the Avalanche DeFi here
https://defillama.com/chain/Avalanche