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/biz/ - Business & Finance

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5254941 No.5254941 [Reply] [Original]

When will you pull out your initial investment to only play with house money?

>> No.5254976
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5254976

You mean wasting money on roasties?

>> No.5255051
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5255051

>>5254941
I already did

>> No.5255065

>>5254941
But my money IS cryptos. A single BTC is worth a lot more to me than my house and everything else I own.

>> No.5255166

As soon as I earn it back

>> No.5255209
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5255209

>>5254941
Cryptos as a secure hold of wealth?

Hmm. No. There are safer places than those, and any licensed broker would laugh at it.

>> No.5255364

When I've 8-10x my investment. Right now, I'm at 3x.

>> No.5255472

>>5255209
well shit anon, I didn't know you put so much value in licensed brokers advice. hope you didn't fall for the housing market meme crash a while back

>> No.5255528

>>5254941
>initial invesment
psychological trick for the weakminded.

I will pull enough to buy myself a house when I have ~8x the value I need to buy a house.

>> No.5255952
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5255952

>>5255472
Hear hear ..

For security of wealth over the long term, cryptos are at the bottom. Too volatile.

You will find that decent brokers do have portfolios of land holdings.

For long term, land is decent because of it's linked index, but for security, bonds are at the top.

>> No.5255993

I'm gonna write jokes and earn fucking money doing nothing with BZC faggot, what are you guys doing? Kek.

>> No.5256075

>>5254941

There's no such thing as house money

>> No.5256106 [DELETED] 

>>5255952
>bonds
No they're not, especially not the USD considering their massive unpayable debt and the start of the decline of the dollar as the international trading currency. Inflation or "default" are the only ways this debt bubble is going to pop and you can be it's going to be deflation.

Never buy bonds from a government with significant debt.

>> No.5256158

>>5254941
I will withdraw $100K after I hit $1.1M

Otherwise, why pull out? I wanted my initial investment to be an investment, so it's already mentally gone to me.

>> No.5256190

>>5255952
>bonds
No they're not, especially not the USD considering their massive unpayable debt and the start of the decline of the dollar as the international trading currency. Inflation or "default" are the only ways this debt bubble is going to pop and you can bet it's going to be inflation.

Never buy bonds from a government with significant debt. You can get majorly cucked.

>> No.5256207

Already did, cashed out initial at 300% roi, now I am comfy sitting at 1100%

>> No.5256237

Easy. I treat my initial ($4000) as lost money. Having already 15x’ed my money it would take crypto dying for me to be in the red.

Call me deluded for not cashing some out but that 4k can easily be made back in a few months of waging

>> No.5256261

>>5255528
This. Either you pull out x amount that happens to be your initial investment or you invest more. There is no such thing as "house money" since that is all your money if you pull it out right away.

This is why I have not pulled out any money since my initial small investment has grown 10 times since I feel like investing more, but recognize that is the fomo talking so I compromise with not pulling anything out until I have made it with this small initial investment.

Taxes also suck where I live so I have no interest to risk my big money for short term gains. Long term I can just keep holding the 10k I have accumulated so far until crypto is widely accepted, until the taxing is changed or until I move the fuck out of this degenerate shithole.