/biz/ - Business & Finance

[Anonymous No.55844548]

how do i turn 200k into 5 million?

[Anonymous No.55844977]

>>55844548
by just buying RSR.
no shit.
join the discord at cwecapital.club to get redpilled on it.

[Anonymous No.55844987]

>>55844548
You've made this thread enough times, I think it's fair to call you autistic.

[Anonymous No.55845052]

>>55844548
Suck 5 million dicks at 1 dollar each.

[Anonymous No.55845079]

>>55845052
That's only 1 million at 5 dollars each! OP don't miss this bargain!! I know how much you love cock!

[Anonymous No.55845289]

>>55845052
whats ur problem?

[Anonymous No.55845312]

>>55845289
sounds like he wants his dick sucked for 1 dollar

[Anonymous No.55845315]

>>55844548

Aquire nVidia stock and sit on it, circa 2017

[Anonymous No.55846465]

bump

[Anonymous No.55846479]

>>55844548
You need to multiply them

[Anonymous No.55846494]

>>55844548
Same way you turn A twenty dollar bill into $500.

[Anonymous No.55846594]

>>55844548
>>55844548
Abusing XOR card launch and waiting until 2026
or (pic related)

[Anonymous No.55846670]

>>55845289
Dumb euro

[Anonymous No.55846701]

>>55846670
dumb trailer-mutt

[Anonymous No.55846743]

>>55844548
Onlyfans your mother

[Anonymous No.55846758]

>>55844548
Honestly?
Just invest in crypto mining stocks listed on the NASDAQ.
Marathon Digital is the best in its class.
They basically give you leveraged gains over the underlying asset (because they produce BTC and real cash flows).
So while BTC is up 85% YTD, Marathon is up close to 350% YTD. And they just corrected, so now's a good time to jump in before the halving.

Pic related is a comparison of the best BTC miners.

[Anonymous No.55846762]

>>55844548
With one 10x or 2 5xs

[Anonymous No.55846910]

>>55846758
I've bought COIN because I feel like with ETH staking they're very undervalued, but I've been buying CLSK as well.
What are your thoughts between MARA/RIOT/CLSK/CORZQ? Based on the chart MARA seems like the biggest, but does it have the most upside?

[Anonymous No.55846999]

>>55846910
COIN is a decent bet, but because of its custodial role for enterprise adoption of Bitcoin. I don't like ETH or see any value in it now that it's PoS. 10 years later and its still looking for a purpose.

As far as the miners go, there are two things that matter most in that business: Bitcoin production capacity expressed in EH/s and their HODL (how many BTC they have on the balance sheet), especially now before the halving, which will see mining rewards slashed in half in April 2024, which will wipe out the less efficient miners with older equipment.

RIOT is not a good choice because all of their operations are located in Texas, where the weather has forced them to curtail and sell back energy to the grid at a much lower rate than they would have enjoyed by producing and selling BTC. Plus they have no cash to grow their production except to dilute the share count with equity offerings, and even then, they won't catch up to MARA.

CLSK is pretty bad bet as well. Just look at the chart that compares the Bitcoin production growth (or decline) between the miners, and how many new shares they created.
Not only did CLSK's production decrease YTD, but they diluted the stock by over 100%, basically doubled their share count. This while management was getting rewarded with massive bonuses just looks greasy.

No, most of the money flows to the best in class typically, so you'll see MARA get farther and farther ahead of the rest, in both capital inflows and all the other metrics like production and HODL. Why settle for a 2nd or 3rd best?

[Anonymous No.55847444]

Bamp

[Anonymous No.55847712]

>>55846999
Thanks for the response, I've had similar thoughts about ETH, but I think its built enough of a network that it will still grow as crypto grows.
>As far as the miners go, there are two things that matter most in that business: Bitcoin production capacity expressed in EH/s and their HODL (how many BTC they have on the balance sheet)
Wouldn't their ability to get cheap electricity relative to their EH/s be a concern? i.e. if they're paying $1 in electricity to generate $0.5 in BTC, it doesn't matter how much they mine, they're losing money - at least until BTC has a run, but that's a dangerous game to play, and it means they have to sell more to pay off their costs. I can't say if that's what any of them are doing but surely that's a variable that should play a role.
Also wouldn't market cap relative to hashrate be a better indicator for finding undervalued miners? Or hashrate relative to costs? That should act as an indicator to find who has newer/more efficient miners and who will have to upgrade to newer hardware to keep up (and future higher costs).
>No, most of the money flows to the best in class typically, so you'll see MARA get farther and farther ahead of the rest, in both capital inflows and all the other metrics like production and HODL. Why settle for a 2nd or 3rd best?
That's an interesting perspective, it makes sense that as 1 grows the less others will get, so it really is a winner take all, and all of them have to keep reinvesting into hardware to keep up with each other. But has that strategy played out in the past? I haven't followed it that much but has MARA always been #1? If not, who was #1 and why aren't they #1 now? And could the same thing happen to MARA?

[Anonymous No.55847861]

>>55845289
Ask stupid questions get stupid answers

[Anonymous No.55847866]

>>55847712
>Wouldn't their ability to get cheap electricity relative to their EH/s be a concern?

A miner without competitive energy delivery contracts is a bankrupt miner after 2024. That's a given.
That's why MARA is getting out of the US and setting up immersion mining in the UAE where energy costs are a fraction of what they are in the US.
Canadian miners are quite good too because they have cheap hydro energy (HIVE and Bitfarms). But Bitfarms has other problems.

>Also wouldn't market cap relative to hashrate be a better indicator for finding undervalued miners?

They're valued less probably for good reasons, some of which may not be known to investors (unannounced ATM offerings etc).

>Or hashrate relative to costs?

Put together a chart, would be interested to see it. But I doubt you will get a clear answer on mining costs from many of the miners in their filings. They also vary seasonally and geographically. Production cost per BTC is hard to pin down precisely.

>But has that strategy played out in the past?
Yes, MARA was the top of the pack in 2020-2021, and is getting most of the big money interest now. Just look at the daily volume in that stock, it's insane. Like 24 million shares per day. Plus there's a lot of hedge fund niggery going on, as there is so much retail interest in MARA options, the price is manipulated by MMs to keep the weekly contracts out of the money. It's so obvious if you want to trade this stock.

MARA had a very rough 2022, and one of its subcontractors went bankrupt and their BTC production was down to like double digits per month, but they've basically delivered on everything they promised to do in 2023 (get up to 23 EH/s by mid-year) and have plenty of cash on hand to grow further, not to mention 13,000 BTC on their books (unencumbered).

[Anonymous No.55847895]

>>55847866
And the best thing about my strategy is that I hold MARA from a tax-free investing account, so all of the gains I make are tax-free.

Unfortunately, I can't yet hold BTC directly in my bank accounts (maybe that will change with the spot ETF approval), but so far, I've beaten Bitcoin's performance by a factor of 3x. And not a single dollar in tax that I owe.

Once the bullrun has peaked in late 2024, I'm going to sell my shares and re-invest half of the money back into Bitcoin when it crashes. BTC is going to a million bucks eventually.

[Anonymous No.55848181]

>>55847866
Interesting, do you see any geopolitcal concerns with the UAE, like if they decide to rugpull them? It feels like the sort of country that could potentially do that and there's no recourse.
>>55847895
>And the best thing about my strategy is that I hold MARA from a tax-free investing account, so all of the gains I make are tax-free.
>Once the bullrun has peaked in late 2024, I'm going to sell my shares and re-invest half of the money back into Bitcoin when it crashes
kek I also bought CLSK and COIN in a tax-free account for the same reason, and that was also my plan. Sell the miners after a new blowoff top and bank that sweet tax free contribution room.
I'm a bit torn between putting more in or opening a new "tax-free home savings account" because it lets me accumulate contribution limits, can basically put another 8k/year, up to 40k, tax free that can be used for a house or rolled into retirement savings even if I don't buy. It kind of sucks because I want to retire early but I lose contribution room in retirement accounts if I withdraw, so putting money in isn't that much of a benefit.

[Anonymous No.55848329]

>>55848181
>Interesting, do you see any geopolitcal concerns with the UAE,

Meh, not enthusiastic about that investment but it's a small stake in a joint venture, but the main gist here is that they're looking to expand mining operations in other crypto friendly and low energy cost jurisdictions. The Biden admin has been fickle and somewhat hostile against crypto miners, there's those voices on the lunatic fringe that whisper to Biden's ears.

>kek I also bought CLSK and COIN in a tax-free account for the same reason,
Oh a fellow leaf. I'm getting out of this suffocating, Pajeet-infested shithole after the bullrun. Selling my place in Oakville and plunking it down 50/50 MARA/BTC until November 2024.
Probably heading down to Poland, good value still to be found in real estate over there and pretty cool society.

Just not sure how you arrived at CLSK as your main BTC bullrun ticket, but I suspect it will hang out there with RIOT between 2-3rd spot for a while.

And yeah, if you have that FHSA account eligibility, fill her up to the max. But I think the withdrawal money is only tax-free if you put it down towards some over-priced plywood shitheap in Canada.

[Anonymous No.55848448]

MARA and RIOT both have been pummeled from highs near 20 now down into the 13s and 14s. When does it end? 10? I'd get into MARA but I don't want to now when it could go into single digits and now I'm holding a bag.

[Anonymous No.55848503]

>>55848448
September will probably see 20% BTC correction (just looking back at historical and seasonal trends), so that will be your buying opportunity.
I have some cash sitting on the side lines hoping to pick-up more MARA if it touches $12 or lower.
ETF approvals aren't going to come until later this year or early 2024.

[Anonymous No.55848519]

>>55848503
By the looks of it, it might hit under 12 by next week. And yeah, the ETF bump they got from 10 to 20 was all a sham. We all know the SEC isn't approving a bitcoin ETF until the very last minute they "have" to, and even then they could still tell blackrock to get fucked.
Maybe I'll just sell OTM puts and make a few extra shekels while I wait for the bottom

[Anonymous No.55848528]

>>55846758
>crypto mining stocks
Great advice. Mara has been my best this year.
Shit is awesome now, but don't forget it gets nasty on the way back down.

[Anonymous No.55848544]

>>55847895
>I hold MARA from a tax-free investing account
Yeah me too. Thanks anon for the MARA breakdown. Greatly appreciated.

[Anonymous No.55848549]

What do you mean "turn $x into $y"? What's that supposed to mean? Nobody ever turns one amount of money into another like magic.

That's what people like Tai Lopez say for idiot - "I just turned $5k into $60k". If anyone knew a good way to reliably quintuple money then they would just do it with nearly everything they own.

I really think terminology causes us to think different ways about things and nobody turns money into another amoutn of money.

[Anonymous No.55848550]

>>55848519
Perhaps, perhaps.
But the sell-off is really driven by nothing fundamental however, just market maker fuckery at the moment, mostly options driven. As far as MARA goes, its corporate performance has only improved and the company can pay its short term debt 4 times over, so the stock is being beat up for no good reason.
RIOT deserves the shit kicking tho, it's done terribly YTD, just look at comparison here:>>55846999

>Maybe I'll just sell OTM puts and make a few extra shekels while I wait for the bottom

Reminds me, I should probably close my badly in-the-red $16 calls tomorrow, expiring Friday, which I held as insurance if we saw another scam pump to $16. Just the cost of doing business.

[Anonymous No.55848566]

>>55848528
>Shit is awesome now, but don't forget it gets nasty on the way back down.

Yeah, I scooped up some MARA in late November ah thing for like $3.60. Crazy. Meanwhile, it's a $150+ stock by late 2024.
The market is still a little spooked, but they'll catch the fomo once more after the halving and MARA is best positioned to go into a bull run with over 13,000 BTC on the books and the highest production rate.
Soros went long on MARA (and Bitcoin by proxy) a few weeks ago:
>https://www.coindesk.com/business/2023/02/14/billionaire-george-soros-fund-dives-deeper-on-crypto-bets/

We're so fucking early bros.

[Anonymous No.55848571]

>>55848329
>it's a small stake in a joint venture
Oh so not the whole operation, yeah some location diversification seems like a good move then. Feel like iceland with free electricity would be a good pick but idk specifics.
>I'm getting out of this suffocating, Pajeet-infested shithole after the bullrun
kek that's my plan as well
>Selling my place in Oakville and plunking it down 50/50 MARA/BTC until November 2024.
Based, I don't own a home but my thinking has been, why would anyone keep all their money in a home here and wage to pay it off when they could just use that money to retire in another less expensive country instead.
>Probably heading down to Poland
That seems like a good destination, white, relatively good values.
I'm planning a trip to Thailand/Philippines in a few months to get a feel for them, the low cost of living and plentiful english speakers is attractive, although the visa options aren't great. I've been considering Mexico/Ecuador as well because their visas look more accessible, but the potential for brutal violence is a little unnerving. I might just spend a year traveling around once I get my financials sorted before landing on a place though, doesn't make sense to pull the trigger until I've at least visited it.
>Just not sure how you arrived at CLSK as your main BTC bullrun ticket
I mostly hold spot BTC/ETH, the CLSK is only about 1% of my portfolio, I'll probably make MARA 1-2%. Mostly just bought CLSK because I saw some twitter posts and it seemed like a good pick to get TFSA exposure with, I did it back in April so it's done comparatively to MARA since then at least.
>withdrawal money is only tax-free if you put it down towards some over-priced plywood shitheap in Canada.
From what I understood, you can move it into your RRSP with no penalty, so it's basically like getting another 40k contribution room. Not that it helps much if I retire early, but I'll take the tax deferment at least.

[Anonymous No.55848599]

>>55848329
>Probably heading down to Poland
Also not sure how old you are but curious about your thoughts. I found that they won't pay out OAS if you're living abroad, unless you've lived 20 years in Canada after turning 18. I'm in my early 30s, so that means I'd get screwed out of it if I moved away. Thinking of maybe delaying my move and doing 6 months here, and 6 months elsewhere until I hit 38, then make the full move.
Does this affect you and do you have thoughts on this?

[Anonymous No.55848617]

>>55848544
Holy fuck, another LEAF. In MARA no less. Where do you guys hang out? The morons on /smg/ are memesters that just chase the heat without any pattern or direction and the retards on /cmg/ are drooling rockfags.

Most of the leafs I observe on r/CanadianInvestor scrabble about desperately buying trash on the TSX that went up for a few weeks, and then get dumped on, lel.
Or they "diversify" their $30K poorfolios into some Boomer-tier index funds that net 4% a year.
That's great for capital preservation if you have a 7-figure account, but laughably feeble otherwise, especially if you're young. Hyper concentration is the name of the game.
All you need in life to make it is to find ONE 50x opportunity or like two 10-baggers.

Anyway, good luck fellers. Load up in September.

[Anonymous No.55848618]

>>55848550
>RIOT deserves the shit kicking tho, it's done terribly YTD, just look at comparison here:>>55846999
I wonder why RIOT keeps staying pace with MARA both in price and mc if the fundamentals comparatively are dogshit? Is it all just whales pumping and dumping on retail?

[Anonymous No.55848647]

>>55844548
All in TOAD, it's literally being set up to be the next Shib and it's still early since it's only 10M mcap.

[Anonymous No.55848672]

>>55844548
God I want that house so bad it’s unreal
How much is it, like 3 milly? Probably 4, isn’t it?

[Anonymous No.55848681]

>>55848571
>kek that's my plan as well
Godspeed.

>Based, I don't own a home but my thinking has been, why would anyone keep all their money in a home here and wage to pay it off when they could just use that money to retire in another less expensive country instead.

It was my primary residence but I was renting it out and renting in a lower cost of living area myself. I got in in 2018 when interest rates were historically very low (2.79%, fixed 5 year term) and just doing the math on the renewal next year, I would be faced with a +50% higher monthly payment. Which means I'd have to ask my tenant to pay another $1,200 or so on top of the $2,400 they were already paying to rent out 2 bed/2 bath stack townhouse in Oakville. And I'm already slightly cash flow negative on that bitch as it stands (if you factor in property tax, maintenance fees etc). FUCK THAT.
In a sane world, that shitheap made from OSB with a roof that leaked for 3 years would not cost more than $120,000.
Canadians, especially in the GTA, sacrifice so much, for so little in terms of quality of life etc.
However most of the fuckers bought homes 25 years ago for like 200,000 that are somehow "worth" $1.6 million, so they're content.
They only way to win is to not participate in this madness. Anyway, enough of my blogging.

>Mexico/Ecuador
Try Peru. Great place, cool people. Not as desperately poor and stressed as Ecuador. I didn't like Mexico. Mind you I did the Machhu Picchu meme trek which took me through the areas that get more tourist dollars.

> Mostly just bought CLSK because I saw some twitter posts and it seemed like a good pick to get TFSA exposure with
CLSK did a lot of promotion on social media and Youtube. I get it.

[Anonymous No.55848684]

>>55848618
RIOT had better balance sheet metrics last year, so I think it's just a hold-over sentiment.
The numbers coming in this year have been dog shit, so it's a bit of a mystery.

[Anonymous No.55848690]

>>55848599
>I found that they won't pay out OAS if you're living abroad

They will if you spend 6 months in Canada OR, if you sneak out through a poorly monitored point of entry.
OAS is like $1,200 anyway. Enough to buy some canvas and lumber at Rona to erect your own homeless shelter in Canada under a highway and hunt bugs for protein.

[Anonymous No.55848835]

>>55848617
>Where do you guys hang out?
I only come to biz once every few weeks, don't really post elsewhere, I lurk twitter, and I try to stay away from reddit.
>>55848681
>Canadians, especially in the GTA, sacrifice so much, for so little in terms of quality of life etc.
>However most of the fuckers bought homes 25 years ago for like 200,000 that are somehow "worth" $1.6 million, so they're content.
kek exactly, it's these motherfuckers I never understood. Still living in the GTA and waging a shitty job they hate in an increasingly shitty city when they could take their million and live tons of places and retire comfy. It's some real NPC shit, like they're too afraid to do anything different from the herd. Feels like that's the defining characteristic of a lot of Canadians.
>Try Peru
Thanks, will look into it. Was also thinking Argentina.
>>55848690
Oh I was actually mistaken, there's a bunch of countries they have agreements with, Poland being one of them, where living there might count toward the 20 years so you can get the OAS amount. It's not clear if you also have to work there or if just living there gives it.
>OAS is like $1,200 anyway. Enough to buy some canvas and lumber at Rona to erect your own homeless shelter in Canada under a highway and hunt bugs for protein.
kek the full amount is something like $700/mo, not even enough to cover rent anywhere in this country, but that's the equivalent of 210k earning 4%, wouldn't want to leave it on the table, if it is even around by the time we're old enough to claim it.
Just real fucking shitty how we're forced to pay it every pay cheque and then they can just giving you nothing if you decide to live elsewhere. Fucking thieves at every level, at least give us back the money we put in.

[Anonymous No.55848943]

Just Bought 2B TOAD lets go

[Anonymous No.55849203]

>>55848617
>Where do you guys hang out?
Here and Twitter. Prefer here as you can say whatever the fuck you want. You are correct about smg and pmg. Maybe a weekly miner general heading into the halving/ETFs?

I'm doing so well now with MARA, I may re-allocate more in Q1 2024.

[Anonymous No.55849991]

>>55844548
Invest into Chainlink and Stake.Link

[Anonymous No.55850087]

>>55847861
How is it a stupid question? Is it stupid to want to multiply my money? Dumbass

[Anonymous No.55850192]

>>55844548
GLW just got listed on MEX and you know what? I've seen positive signs Which may replicate Floki and PEPE in a little while. Dive in asap.

[Anonymous No.55850208]

>>55844548
GLW just got listed on MEXC and you know what? I've seen positive signs Which may replicate Floki and PEPE in a little while. Dive in asap.

[Anonymous No.55850363]

>>55849991
P2E are on the trend and I'm already at eyeing VR technology that's seamlessly integrated into Galactic War.

[Anonymous No.55850367]

>>55845289
You're a certifiable retarded faggot.

[Anonymous No.55851880]

>>55844548
Ok OP, I'll give you a real answer:

Right now $200k won't give you $5mil but you could easily get 1.5 - 2mil from this next bull run.

I'm assuming you have it all in stablecoins so as to avoid paying tax on your gainz. So here is the allocation:

- 33% BTC = 66k
- 22% ETH = 44k
- 10% MATIC = 20k
- 10% DOT = 20k
- 5% OP = 10k
- 5% ARB = 10k
- 5% AVAX or SOL = 10k
- 2.5% OSMO = 5k
- 2.5% GLMR = 5k
- 2.5% UNI = 5k
- 2.5% PEPE or DOGE or SHIB = 5k

Sell larger caps at 4-5x, sell medium caps at 8-12x, sell smaller caps at 15-20x. Choose the sell price that you are going to sell at and STICK TO IT. Do not get greedy!
Overall your sell average across all your coins needs to be around 7.5x in order to turn 200k into 1.5mil.

Now with your $1.5mil, sit and WAIT for next crash and bullrun in 2028/2029 and buy the BTC/ETH dip - then do another 3.5x and you got your $5mil in the span of 5 years.

It won't be easy but nothing ever is in life...

Donezo.

Then just don't do anything stupid like depositing a large chunk of money into a bank. Slow and steady wins the race...

[Anonymous No.55853438]

>>55848684
I'm not surprised, only retards will fall for it. Meanwhile, I'm best at Unearthing rare items like knives in boxes with a low hash rate and level up your collection in an entirely new dimension. Galactic war gives a good feeling tho.

[Anonymous No.55853669]

>>55851880
>33% BTC = 66k
>- 22% ETH = 44k
>- 10% MATIC = 20k
>- 10% DOT = 20k
>- 5% OP = 10k
>- 5% ARB = 10k
>- 5% AVAX or SOL = 10k
>- 2.5% OSMO = 5k
>- 2.5% GLMR = 5k
>- 2.5% UNI = 5k
>- 2.5% PEPE or DOGE or SHIB = 5k
You're a straight up legend!
>- 2.5% OSMO = 5k
>- 2.5% GLMR = 5k
Those I'd replace with Ride and Kava, I'm on board with everything else you dropped.

[Anonymous No.55853698]

Rugpull /biz/ 100 times

[Anonymous No.55854086]

>>55853669
The reason why I chose OSMO and GLMR = Osmosis gives you exposure to the Cosmos IBC ecosystem without hodling ATOM - the tokenomics are not good for Cosmos and idk if it will do a 10x but OSMO definitely will.
And for Moonbeam... WEN UNISWAP = It could easily do a 20-40x. Just gotta hope and pray. They have a great marketing team, awesome name for normies to yolo (think Safemoon), BUT they have a real product and working blockchain that is super fast and low fees.

Maybe KAVA could be a good replacement for OSMO. Don't know about Ride - can you TL;DR ?

[Anonymous No.55855032]

Put some into BTC for now, then invest another chunk in a NEW alt (this is important - if you buy an old alt that already peaked in '21 like some that are being suggested in this thread, then you're gonna get rugged before reaching the "deserved" or "target" top you're aiming for).

New alts to buy right now are those that got invented during this bear market - for example, PEPE or Radiant/RXD.

[Anonymous No.55855172]

>>55844548
Consider:
Soluna Holdings Inc NASDAQ: SLNH (natural energy into AI and crypto computing)
Spoken about a ways into this video: https://www.youtube.com/watch?v=0_OcJBfx8p0

AI-related stocks:
NYSE: PSTG (pure storage good trend)
Alphabet Inc Class A NASDAQ: GOOGL
Crowdstrike Holdings Inc NASDAQ: CRWD (security)
Box Inc NYSE: BOX (security)
Adobe Inc NASDAQ: ADBE
FTNT (security) ADBE
PANW (security)
GOOG
AAPL
c3.ai NYSE: AI

And aside from all that if you carefully look for crypto 10x you can start with 10K and just keep scaling it and breaking it into portions to scale as a more careful method, rather than betting it all on one hope (even a good project can suffer from hacks or exchanges closing)

All the best to you and use your earnings to help yourself and others have their daily needs, prepare for temporary supply chain breakdowns/natural disasters and don't go too heavy into sheer luxuries.