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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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55497609 No.55497609 [Reply] [Original]

I need to make about $10 million from crypto (before taxes) to have the life I imagined having

>> No.55497611

>>55497609
start smoking crack and you'll be there in no time

>> No.55497645

>>55497611
All jokes aside here's the breakdown


1. Successfully leverage trade my way to $10,000,000

2. Short-term trades, lets just say its probably going to equal to 50% Taxes

3. $5,000,000 remains after taxes

4. Look for house in the suburb I grew up in where I always want to live: = $3,000,000

5. Various fees/charges/stamp duty costs = $300,000

6. Fix the house up = $500,000

7. Total to buy/fees/fix up = $3,800,000 estimated cost

8. Put $700,000 into boomer stocks

9. Leave $250,000 in bank account for whatever

10. Transfer back last $250,000 back into margin account to start leverage trading again

>> No.55497799
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55497799

>>55497609

>> No.55497816

>>55497645
If you're smart enough to do leverage trading until $10,000,000, you're smart enough to dodge taxes.

>> No.55497819

>>55497609
accumulate PEPE and hold.
we're gonna get all the normies onboard and then leave them holding the bag after a x100

>> No.55497825
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55497825

>>55497609
best idea I have is buying the XOR dip, they're hugely discounted right now, having in mind they're releasing their own debit card soon, that meaning a ridiculous pump as soon as it popularizes

>> No.55497878

>>55497645
>Successfully leverage trade my way to $10,000,000
Anon, I...
Also making it means having an expensive house but not retiring? $700k of boomer stocks can net you around $28k/year adjusting for inflation, probably not enough to live on with property taxes and maintenance.

>> No.55498156

>>55497609
You and me anon. Only when bitcoin hits 370T market cap.

>> No.55498496

>>55497816
Leverage trading is the ultimate move at the moment, especially with the array of tools up for grabs. Personally, I'm all about tokenmetrics, utilizing 80+ data points and 50 technical analysis indicators across 6k tokens to uncover potential investment and trading prospects. And hey, let's not forget the significance of solid risk management.