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/biz/ - Business & Finance

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57068075 No.57068075 [Reply] [Original]

I hold 10,000 ICP. I’m a dishwasher. Do you guys think that’s enough to never work again? I really hate this job. I got a fucking $40 Christmas bonus

>> No.57068094
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57068094

>>57068075
Ofcourse it’s not enough to make it! You see you’re a dishwasher and I’m a protocol ceo, a chief scientist if you will! Through moon math and magic I take your money and spend it on….GYRO BIKES. See you in the skies anon! Oh wait! You’ll be in some basement dishpit with no windows scrubbing pans! Hahaha!

>> No.57068100

>>57068094
But I have 10,000 ICP Dominic

>> No.57068131
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57068131

I hope for your sake ICP turns out to be legit and goes to 500 next bull. You deserve a long and early retirement.

>> No.57068136

>>57068131
I hope so too or it’s a buckshot dinner for me

>> No.57068204

>>57068100
Oh me, oh my, I forgot to whom I was talking to, let me do some EARTH MATH for you anon. .03 (that’s three cents) multiplied by your contribution 10,000= $300 American US dollerinos!

>> No.57068211

>>57068204
Boring fud

>> No.57068390

>>57068075
Fucking ICP.
How does it work!?

>> No.57068395

>>57068390
A series of magnets! And mirrors of reversed polarity!

>> No.57068411

>>57068075
How in the fuck did you come into 10000 pees, Sir?

>> No.57068430
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57068430

>>57068411
Did this last year and dumped the gains into ICP

>> No.57068436

>>57068075
You're not just gonna makeit... you're going to gigamakeit. Just don't sell before ICP goes to 2k.

>> No.57068437

>>57068075
I don't work. I'm 18. I'm in high school. I have no money. My father's poor enough that all I need is to make 10K to 20K this bullrun and I won't have to go to college and I can focus on business and crypto and wait out my rich grandparent's death for the sweet sweet inheritence money.
Never start playing the wagie game

>> No.57068441

>>57068436
I fucking hope man that $40 bonus really gave me fucking whiplash I know I’m a slave but holy fuck man

>> No.57068460

>>57068441
Just don't get shaken out, it's a long road yet. 2024 should be the beginning of an ICP supply shock however, so excellent timing. I only have 3k pees. This was ballsy as fuck btw >>57068430
I would never have taken out a loan to dump into a shitcoin. My loss however.

>> No.57068472

>>57068460
he is larping, that post is famous on /biz/

>> No.57068474

>>57068460
Yeah desperation calls for desperate measures. I hope 2k is real the recent VRC actually gave me hope

>> No.57068481

>>57068472
Naw it’s actually me. I remember last year when jannies would delete every Kaspa related thread I’ve been glued to this board for two years after losing 20k (my life savings) going all in on ICP at $40 when moonman shilled. I was forced to do something desperate or blow my head off

>> No.57068489

>>57068430
Good for you, man. I am pulling for you and piss.

>> No.57068970
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57068970

>>57068436
oh my god this lingo is so triggering, i trusted these niggas a few years back with shitcoins i dont even remember, and WOW TURNS OUT i didnt make it, rather go on beoble OP, no case here, yur gonna get worse

>> No.57068986

>>57068472
if hes not then-
>>57068970
-being a wagey underpaid is directly proportionaly to seeking advice/lurking here

>> No.57068990

>>57068481
holy fuck i dont know if i admire or pity that you havent ended it

>> No.57068993

>>57068437
retarded zoomer logic

>> No.57069428

>>57068481
you know what OP, if you're actually that guy i'll throw you a bone, throw 10% of your stack into gold dao on the nns launchpad on icp, i dont want to go further into detail why it's such a good play but just trust me. Your allocation will be released in 9 instalments every 3 months for 24 months and starting mcap given the price is <1m. I've said enough.

>> No.57069983

>>57068990
Personally I see that 20k temporary loss as foundational. It forced to to learn this game which allowed me to get 100k in crypto
>>57069428
Ok thanks I’ll do 1k piss

>> No.57070058
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57070058

>>57068481
I went all in on ICP at $38 with my gains from the '21 run (~130k). I worked my avg buy down, but if it doesn't work out I will lower the value of my condo forever.

>> No.57070063

>>57068094
>sneeze
>you are now in 10000 different parts

>> No.57070073

>>57070058
Are you the dogewithbat anon? I remember someone did about the same

>> No.57070265

>>57069983
here's the breakdown for your best case scenario, keep in mind this is every 3 months and markets will not perform linearly, but it should give you an idea of the potential of the project.
500k tokens would be about 0.018*500k = 1k icp.
If your starting balance is 500,000 tokens and you sell approximately 54,759 tokens initially, here's the breakdown for subsequent sales based on the increasing market cap:

Initial Sale (10 Million Market Cap):

Your Tokens Sold: 54,759 tokens
Token Price: Market Cap / Total Tokens = $10,000,000 / 44,000,000 (approximate tokens) = $0.227 per token
Value of Your Tokens Sold: 54,759 * $0.227 = $12,445.89
Remaining 8 Installments:

Tokens Remaining after Each Sale: 500,000 - 54,759 = 445,241 tokens
Token Prices:
For the second sale (20 Million Market Cap): $0.454 per token
For subsequent sales, adding $10 million to the market cap every release
Value of Your Tokens Sold for Each Subsequent Sale: 54,759 * Token Price
Total Profit from the Remaining 8 Installments: Sum of all subsequent sales
Calculating the values for each subsequent sale with the increasing market cap:

Second Sale (20 Million Market Cap): 54,759 * $0.454 = $24,891.78
Third Sale (30 Million Market Cap): 54,759 * $0.681 = $37,337.67
Fourth Sale (40 Million Market Cap): 54,759 * $0.908 = $49,783.56
Fifth Sale (50 Million Market Cap): 54,759 * $1.135 = $62,229.45
Sixth Sale (60 Million Market Cap): 54,759 * $1.362 = $74,675.34
Seventh Sale (70 Million Market Cap): 54,759 * $1.589 = $87,121.23
Eighth Sale (80 Million Market Cap): 54,759 * $1.816 = $99,567.12
Ninth Sale (90 Million Market Cap): 54,759 * $2.043 = $112,013.01
Adding up all subsequent sales:

Total Profit from the Remaining 8 Installments:
$24,891.78 + $37,337.67 + $49,783.56 + $62,229.45 + $74,675.34 + $87,121.23 + $99,567.12 + $112,013.01 = $547,598.16

>> No.57070271

>>57070265
this scenario basically is
>commit 1k icp
>get 500k tokens
>sell at 10m cap first release
>subsequent token unlocks will increase mcap by 10m but also keep in mind the circulation increasing, all info from whitepaper.

>> No.57070756

>>57070265
What’s the bullcase for GoldDao? People have been saying it’s the reason for the ICP price pump

>> No.57070878

>>57070756
gldt is used as collateral to mint usdg stable currency on icp, ogy invested 500 million of their own tokens so 5% of their total supply, i think this shit will fly.
All those who see my posts and profit, i hope i get some good karma back lol

>> No.57070903

>>57070878
Thanks for the effort post anon 1k piss is in

>> No.57070932

>>57070903
no problem, i hope all goes well for you anon, this seems like a relatively risk free play, if it somehow cracks 10m mcap in the first month then the rest of the token releases is pure profit play money which would be very good in a pre-bull or bull market.

>> No.57071032
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57071032

>>57068075
Singapore called, swap all ICP for RNDR

>> No.57071088

>>57070265
dafuq are you describing here? It sure as shit isn't the gold DAO...

Where are are you getting 500k tokens from 1k ICP, and where are you getting these sales? IT's not on the goldDAO site

>> No.57071127

>>57071088
i was lying, don't bother researching.

>> No.57071181

>>57071127
ive already researched, you were spot on, i increased my stake to 100 icp in the dao.

>> No.57071197

>>57071181
Kek

>> No.57071206

>>57071181
those price estimates were given at 420k icp allocation, it may just hit the cap so its less tokens. Still a good play in my opinion

>> No.57071233

>>57071181
even at a starting mcap of 5 mill with increase of 2-5 million with each subsequent release it would still be like 200k+ usd by the 9th instalment of Ninth Sale (47 Million Market Cap): 54,759 * $0.720 = $39,351.50.
My only complaints with the whitepaper is the burn fee, its far too low to be noticeable, tether on eth hit 280k ATH transactions and even if you had a few years of that its going to be less than 1/4 mill tokens.
The protocol fees they take can buy back tokens to burn and proposals that get denied are 1000 tokens each.

>> No.57071334

>>57069428
>>57070265
>>57070271
>>57070878
>>57070932
>>57071127
>>57071206
>>57071233
a fellow pisser, what the fuck is this nns dashboard??

>> No.57071373

>>57071334
You hold ICP and don’t know what the NNS is? Bruh

>> No.57071405

>>57068390
basically same shit as memerium just a bit better, lower cost and with different terminology

>> No.57071457

i made a mistake with my scenario, it wasn't taking into account the increase of circulating supply relative to the market cap even though i had it calculated in.
Initial Sale (5 Million Market Cap):

Tokens Sold: 54,759 tokens
Token Price: $5,000,000 / 44,000,000 (approximate tokens) = $0.113 per token
Value of Tokens Sold: 54,759 * $0.113 = $6,189.51
Remaining 8 Installments (Tokens Remaining after Each Sale: 500,000 - 54,759 = 445,241 tokens):

For subsequent sales, increasing the market cap evenly to $100 million:

Calculating the values for each subsequent sale with the increasing market cap:

Second Sale (Market Cap: 15 Million, Circulating Supply: 88,000,000 tokens): 54,759 * ($15,000,000 / 88,000,000) = $9,308.89
Third Sale (Market Cap: 25 Million, Circulating Supply: 132,000,000 tokens): 54,759 * ($25,000,000 / 132,000,000) = $10,394.84
Fourth Sale (Market Cap: 35 Million, Circulating Supply: 176,000,000 tokens): 54,759 * ($35,000,000 / 176,000,000) = $10,919.41
Fifth Sale (Market Cap: 45 Million, Circulating Supply: 220,000,000 tokens): 54,759 * ($45,000,000 / 220,000,000) = $11,236.93
Sixth Sale (Market Cap: 55 Million, Circulating Supply: 264,000,000 tokens): 54,759 * ($55,000,000 / 264,000,000) = $11,775.86
Seventh Sale (Market Cap: 65 Million, Circulating Supply: 308,000,000 tokens): 54,759 * ($65,000,000 / 308,000,000) = $11,556.09
Eighth Sale (Market Cap: 75 Million, Circulating Supply: 352,000,000 tokens): 54,759 * ($75,000,000 / 352,000,000) = $11,642.61
Ninth Sale (Market Cap: 85 Million, Circulating Supply: 396,000,000 tokens): 54,759 * ($85,000,000 / 396,000,000) = $11,701.14
Adding up all subsequent sales:

Total Profit from the Remaining 8 Installments:
$9,308.89 + $10,394.84 + $10,919.41 + $11,236.93 + $11,775.86 + $11,556.09 + $11,642.61 + $11,701.14 = $88,535.77

$88,535.77

these calculations are still similar but more realistic