/biz/ - Business & Finance

[Anonymous No.57381560]

>going from $100k to $1M is the same difficulty as going from $1M to $10M

No wonder it's called six figure hell

[Anonymous No.57383267]

>>57381560
Pp

[Anonymous No.57383286]

Basically, once you get to $1M the money does most of the work on its own you don't even need to contribute anymore.

[Anonymous No.57383988]

>>57381560
try going from 1k to 100k with a paltry income, atleast run of the mill life hurdles aren't year-ruining major setbacks for you

[Anonymous No.57383998]

>>57383988
that being said it probably is the most exciting period for whatever that's worth

[Anonymous No.57384019]

>>57383998
I disagree. 1k to 100k solved a lot of my
hardest problems(debt, etc) but didn’t change my lifestyle.

100k to 1m allowed me to live a life I previously could only dream of.

[Anonymous No.57384029]

>>57384019
do you get the same thrill as entering the next 'bracket' of wealth progress as you did in the 1-100k? I feel like every 10k is a fucking gold medal olympian accomplishment. Atleast until I remember im still actually poor lol

[Nigger King No.57384161]

>>57384029

This really made me think

I remember holding crypto in the bullrun from 2019-2021, making 60k$ was A HUGE SUM OF MONEY BACK THEN AND I WAS EXITED AS FUCK

In this bullrun it's totally different, i hit 760k$ during the high's of the past weeks and i literally didn't feel that exited

[Nigger King No.57384174]

>>57384161

*excited (i dislike brown people)

[Anonymous No.57384185]

>>57384161
That's because you haven't cashed out and done anything real with the money. Trust me, I've been there. It's all just numbers on the screen until you do.

[Anonymous No.57384213]

>>57381560

For me it would be considered six figure heaven. If I had six figures in my bank I unironically would consider that making it.

[Anonymous No.57384237]

>>57384213
Where do you live and why do you want to make it?

[Anonymous No.57384250]

>>57384161
How the fuck are you making these insane amounts of money on crypto? I’ve been holding since mid 2017 with an initial investment of $30k and I’m almost broke now. After this bear market I’m probably going to be completely wiped out and have to go back to waging again.

[Nigger King No.57384257]

>>57384185

you are quite right, last year it was my dream to buy an BMW i8 (because of the cyberpunk-like design)

now i could buy several supercars but the money just doesn't feel real? i guess if i would go buy the car the money will feel real lol

[Anonymous No.57384270]

>>57381560
$100k to $1M is annoying because you basically have a life changing amount of money at your fingertips but if you even think about touching it you will utterly fuck yourself out of your future so you just have to sit there. In my case I'm barely scrapping by despite my gay ass portfolio bobbing up and down by $10k a week.

[Anonymous No.57384274]

>>57384257
Don't buy a car. I bought a new car with straight cash, but I would have been equally happy with a beater. The feeling wore off after about 3 months. Start a business, buy property, do something actually beneficial and you will feel how wealthy you are.

[starryvincentnight No.57384307]

I am going through issues for my university semester exam fees, is there anyone who can help me out?

[Nigger King No.57384312]

>>57384250

a combination of multiple factors

1) poured ALL my money saved from the last bullrun into my exchange account again

2) my dad literally gave me a loan of 100'000$ after i told him about my profit (go double it son!)

3) since 2020 i have become increasingy proficient with applying the elliot wave theory to crypto's (one of the FEW if not ONLY technical analysis methods who work)
>don't listen to the niggers on here hurr durr TA doesn't work

through proper wave counting i could amass a lot of money through leveraged trades and rotated the profits into physical positions

[Anonymous No.57384317]

>>57384307
1. rule of biz is NO BEGGING

[starryvincentnight No.57384349]

>>57384317
I apologize. Sorry for that. But to be honest I m not being able to find any way. I really don't want to lose my career. Don't know what to do now. Searching for works, but also being failed there. I m running out of time :(

[starryvincentnight No.57384394]

>>57384312
So basically, Currently you are holding or just trading if I may ask?

[Anonymous No.57384428]

>>57384307
how much do you need

[Anonymous No.57384440]

>>57381560
I first entered six figure hell in 2017.
Now, I am still in low six figure hell (300k aprox).
This is despite working fulltime and saving 60% of my income since I first entered six figure hell. I havent consoomed shit, I just kep investing. Yet here I am. SIx figure hell is nothing but agny and it lasts forever.

[Anonymous No.57384443]

>>57383286
How tho? if you live off 1 million, how do you make it grow at a speed where 10 million is reached at a reasonable rate

[starryvincentnight No.57384459]

>>57384428
Thanks for the reply. My detailed post is here: >>57383668

Please have a look and let me know is it possible to help me out. Really worried about it. Don't want to lose my educational career :(

[Anonymous No.57384497]

>>57384349
I opened a Webull account a couple of weeks ago. I started with $200 and have been doing half-assed swing trading on penny stocks, really paying little attention to it, and I have almost $500 now. I’m just going to keep pecking away and see where it goes from there.

[starryvincentnight No.57384503]

>>57384428
Thanks for the reply. My detailed post is here: >>57383668

Please have a look and let me know is it possible to help me out. Really worried about it. Don't want to lose my educational career :(

[Anonymous No.57384521]

>>57384503
send your eth address i'll send you a few hundred

[Anonymous No.57384544]

>>57384443

Average returns are something like 8% per year after inflation. That is $80k if you have $1M, $120k if you have $5M, etc. How could you ever contribute that much yourself? This is why getting to $1M as soon as humanly possible is your best option, form there it's time and compounding.

[Anonymous No.57384561]

>>57384544

*$400k with $5M. You get the point. Truly once it's at $2M it will dwarf anything you could ever contribute from your own income.

[Anonymous No.57384578]

>>57384561
>>57384544

Basically, get to $1M as fast as possible. Then your income is entirely your own again, you don't have to worry about contributing anymore. Let it grow on its own, enjoy your newfound larger budget, eventually it's big enough to allow for total early retirement and financial independence.

[starryvincentnight No.57384593]

>>57384521
I don't know how to thank you, I am literary crying alone. Don't know what to do now, short of 815$, I have only 1 days left, please keep me in your prayer, I believe that the way you helped me out, one day you will get this bless back for sure:

0x7A94598ce13c4A028CF4752C6f71106E8Aa8F27E

Eth

[Anonymous No.57384631]

>>57384593
Sent you 250$, no idea if this is just a larp to get free money or you genuinely need some help, but either way that means you're not doing great financially so there you go. Hopefully you'll get to 815

[Anonymous No.57384633]

>>57384593
Poo in Loo Rajesh is this what your scamming has come down to? Couldn’t mint enough shitcoins? Probably got rugged on your own fucking mint didn’t you

[Nigger King No.57384658]

>>57384394

i don't know the exact number but... about 80%-85% of my portfolio value are physical positions (holding) and the rest are leveraged trades which i periodically close and re-open

[Anonymous No.57384719]

>>57384503
>graphic design
If your major has ANYTHING to do with graphic design, FIND SOMETHING ELSE. Things were already bad with domestic work being farmed out to third-world countries but with AI swiftly approaching this field will be dead. I think the only people making money are the ones teaching seminars on making your materials accessible to people with disabilities or in diversity. A growing number of “graphic designers” are low-paid office workers who are expected to have Adobe Suite skills under their belt. And by low paid I’m talking $40k before the tax man takes his pound of flesh.

[Anonymous No.57384784]

>>57384719
Actual graphic designer here, fulltime for 8 years now, I second this. DO SOMETHING ELSE, IT'S A FUCKINGB TRAP >>57384503

[Anonymous No.57384787]

>>57384578
Despite what demoralizing anons say on biz 1 mil is a lot of money. If the stock market has a very modest 5% return you just made 50k just sitting on your ass . That's plenty to live on in most countries

[Anonymous No.57384800]

>>57384161
Two years ago. I jumped around in my room jumping on my bed and ran screaming to my mother when I made 2k through crypto (Europoor). I made 83k by shorting MANA today and I don't even care.

But I know... I'll always be less than zero.

[Anonymous No.57384809]

>>57384443
>>57384544
8% is way too much and unsustainable

3% is more logical

[Anonymous No.57384824]

>>57384809

No it isn't. It's the literal average standard fund managers go by as the baseline. It's what you get from lazily investing in the SP500 and reinvesting dividends. If you do the least to optimize that you can manage more like 10%.

3% is boomer bonds and savings accounts tier. I wasn't talking about a SWAR, this is the average return.

>>57384787

Yes it is. And it will be taxed a lot less than regular income when you make withdrawals, making your dollar go further.

[Nigger King No.57384825]

>>57384800

damn dude congrats, i am an ""europoor"" too (country in central europe but technically not a part of the european union)

>But I know... I'll always be less than zero.
can't follow you here?

[Anonymous No.57384870]

>>57384250
Easiest way nowadays is to just place some 100-1000 dollars into some new memecoin and then use that profit to buy a suicide or make it stack of some real coin.

[Anonymous No.57384879]

>>57384825
>But I know... I'll always be less than zero.

This is pretty personal but I guess I don't care. My portfolio has grown throughout the years but my dad still thinks I'm a loser despite making good money at my real job as an advertising coordinator for a fighting promotion. He thinks fighting is for bums and gangsters. But it shouldn't even matter since I'm not partaking in the actual sport. I do love mma though but that's besides the part. My girlfriend left me three weeks ago and said something along the lines of this and I still haven't been able to get it out of my head.

[Anonymous No.57384891]

>>57384809
8% is conservative. I get 4.10% PA from chase savings. I can make 10-30% guaranteed a year on stocks. Just need a little more capital after the bull run, then no more forced early morning wagies.

[Anonymous No.57384905]

>>57384809
You can get 14% APY staking USDT on Binance (flexible)

[Anonymous No.57384916]

>>57384879
If you enjoy it anon, then fuck the rest. Gotta follow that gut feeling. Sometimes you get stabbed in the back in the warmth of your own house.

[Anonymous No.57384934]

>>57384544
I'm at a $1mm and I can't seem to make it grow much no matter what market I'm in.

[starryvincentnight No.57384944]

>>57384631
It was really very nedeed for me. I am from Bangladesh. Here things are not like USA. I am currently in 1st year. Each year has 2 semester. Its my second semester ongoing. If I can't pay the fees, I will be dropout. So I am struggling a lot. I used to do freelancing in fiverr. But due to off for my exam, I was off, after that i didn't get any good response from it and I sold the account.

Sometimes i do gfx works in telegram. Mainly I earn from tuition ( mean teaching class 7-12 standard student to help with their study ). I was not being able to find any support. I never thought that I had to ask here for help. Living without parents, Only i know how it feels.

Thank you from the core of my heart. I noted down your eth address. Whenever I will get a job, I will pay you back for sure. Please pay for me so that I can manage another 565$.

Again, thanks for the help in need.

[Anonymous No.57384960]

>>57384934

Things have been crabby since the Fed took a hawkish stance. That's the way it goes sometimes. "Average gains" are a lot more awkward and volatile in shorter time periods.

But that's why time in market is so huge. Something like 80% of all returns are made in a handful of big trading days and if you missed out you are fucking your long term ROI over hugely. You never know when we're going to get yanked up.

[starryvincentnight No.57385001]

>>57384944
Pray*

[Anonymous No.57385058]

>>57384019
When I hit 80k I traveled around Japan for 3 months and enjoyed my NEET life. Then 4 years til next cycle and I hit 1m but it didnt give me a bump in life as I got married and had kids in between so I couldnt degen and live it up. Now just a NEET with my kids, travel to nice hotels/vacations, pretend to be a crypto investor and go to conventions.

[Anonymous No.57385083]

>>57381560
>>57383286
1M to 10M is scarier, because then it's much harder dumping all your money into some lowcap alt. When you already have enough to live comfortably, you need to be a bit crazy to take big risks like that.

[Anonymous No.57385188]

>>57385083
worse yet, most shitcoins don't have enough liquidity to comfortably take a 1M profit all of a sudden. Ofc you can sell smaller amounts for a couple weeks, but then you risk the price dropping.

[starryvincentnight No.57385194]

>>57384800
I wish something magical could happened, I wish i could manage 565$ for my university semester exam fees. I would able to continue my education. Running out of time, don't know what to do now :(

[Anonymous No.57385210]

>>57384213

This is why no one gets out. You stop taking risks in six figure hell.

[Anonymous No.57385211]

>>57385194
You could just farm airdrops and get that.

[Anonymous No.57385252]

>>57384879
Telling your dad to fuck himself is like step 1 in becoming your own man. You must be really young.

[Anonymous No.57385362]

>>57385252
Actually usually on the way to manhood a guy comes to one of two realizations
>fuck you dad
>I love you dad
Which realization you come to depends on the level of blue collar and white collar of both father and son.

[Anonymous No.57385492]

>>57384019
I don't mind living like a poorfag I just want to have my living expenses guaranteed.

[Anonymous No.57385644]

5 to 6 figures is the worst. You don't really have so much money to gamble big amounts especially low caps where gains are the biggest and you are also not comfortable financially so you have to wage every day

[Anonymous No.57385660]

can some richfag advise me how to get to 6 figures..40k nw, can't really put all on crypto

[Anonymous No.57385706]

>>57385492
who tf thinks like that

[Anonymous No.57385895]

>>57385660
Why not? I used to max out all my credit cards and pay them off on the last day of the month to get here. I had 23 credit cards btw.

[Anonymous No.57386080]

>>57384257
>my dream to buy an BMW i8
Fucking retard douchebag

[Anonymous No.57386139]

>>57385706
There are a lot of low ambition parasites like this. They need to be shipped off to the ukrainian front lines.

[Anonymous No.57386569]

>>57384879
if you disclosed to your woman about your fathers dissenting opinion, then she may have known that was a place she could hurt you. I've been around women who have done this to me in the past. keep ur chin up king ur doing better than most men.

[Anonymous No.57386752]

>>57384029
House went up 80k this year and I didn't even feel a tickle. Liquid wealth is the only wealth that counts anon. Until you feel safe enough to spend it, it's all just the same feeling.

[Anonymous No.57386792]

>>57384443
You don't. He's a jackass. I'm right at 1mil and if I don't make it this bull cycle to 3 mil I fail

[Anonymous No.57386827]

I turned 30 recently and decided to take a look at my shit. I'm pretty sure I'm getting hosed by Edward Jones. like really fisted. have a guided solutions Roth and Select Individual Investment account. have about $275k with them. I think I want to move to low cost index funds that I'll access 20 or 25 years from now if I don't blow my brains out beforehand. Vanguard, Fidelity, or Schwab for this?

[Anonymous No.57387009]

>>57386139
STFU kike

[Anonymous No.57387023]

>>57386792

t. retard monkey who doesn't understanding compounding

[Anonymous No.57387044]

>>57386827
Bro why wouldn't you just do short term money deposits. 30-59 day 2.8% at maturity. You could be making ~18% pretax annual until this honey pot runs dry, which is like 45k for you. Like what the fuck are you doing with index funds

[Anonymous No.57387079]

>>57384497
can you give me advice on this? I'm a poorfag (1.5k liquid nw) and im tempted so hard to bite the bullet and put what is essentially my safety net of that cash on webull and try to swing penny stocks or fish for a ~20% gain on a shitcoin

[Anonymous No.57387951]

>>57384213
Poors should neck themselves

[Anonymous No.57388858]

>>57385083
You will be a retard to dump 1M into an altcoin when you can stake it as stablecoins on platforms like Pendle and SpoolFi for around 10-15% APR then invest the profits from there

[Anonymous No.57389102]

>>57385211
It's not that easy to do

[Anonymous No.57389114]

>>57383988
I already did that, it took about 3 three years.
Git Gud.

[Anonymous No.57389172]

>>57384250
>I’ve been holding since mid 2017 with an initial investment of $30k and I’m almost broke now.

da fuk did you do? I had less than 30k in mid 2018 and hit mid 8 figs in 2021. What are you doing?

OP - fwiw 100k is the only milestone that feels good. After that it's just depressing.

You guys might not believe me but I personally know at least a handful of guys who made 8 figs last cycle, and one who went into 9.

IMO the biggest gains killers:
>diversifying
>over-trading
>not understanding what "risk" means

The latter point e.g. thinking that when you have $100k and go all in on a gem that you are "risking" $100k. You're not really; the chances of it going to zero are very, very small - if you exercise a little thought when choosing the play, and are at a good point in the cycle.

People get to some amount like 100k or 500k and then basically stop making meaningful plays. $1000 here, $5000 there, none of which really pay off and none of which were selected very carefully.

This game is about going ALL IN on potent, high-conviction plays and waiting for big multipliers.

If you want to keep a lot of money outside of crypto then that's fine, but the money you have in crypto is for playing the crypto game properly.

>>57384870
>Easiest way nowadays is to just place some 100-1000 dollars into some new memecoin

Please everyone make sure to ignore this, lmao

[Anonymous No.57389241]

>>57389172
>da fuk did you do? I had less than 30k in mid 2018 and hit mid 8 figs in 2021. What are you doing?
Where do you think all that money you made came from? For you to win, many more people need to lose.

[Anonymous No.57389270]

>>57388858
Those are great yield aggregators , and I have my ETH staked on both

[Anonymous No.57389305]

>>57381560
Went from 15k to 250k in 2017. Didn't sell lost 95%
Went from 30k to 270k in 2021. Didn't sell, lost 80%
Now worth 45k and not going anywhere this cycle.

[Anonymous No.57389556]

Went from 3k to 120k in 2017-2018
My ATH was 950k something in 2021, I wantes to hit 1M and more lol. Once it all starting to come down I sold and at the moment I am at 330k after taxes, (I had to pay ~37,5% in taxes due to not doing it my prior years lul)

I am so risk averse at the moment so just gonna put it in an index fund, I recall throwing 100k on shitcoin trades holy fuck.

[Anonymous No.57390435]

>>57389172
this is a good post re: gain killers
lurkers, write that down.

applying the same logic, 1mm -> 10mm is more difficult than 100k -> 1mm
we have issues like liquidity after 1mm. i can't throw $800,000 into a catcoin on uniswap with a 5mm marketcap and just cash out after a 10x.
psychologically, it is easier. millionaires generally know what they're doing.

[Anonymous No.57391182]

>>57389114
>git gud
am trying. been studying hard and following every little tidbit of advice I see get dropped around here and other finance related communities.

>Do you (or anyone else) have any pieces of advice that you would tell 4-figure you from the past?

[Anonymous No.57391203]

if you can't figure out how to make a million with 100k you don't deserve the money

[Anonymous No.57391301]

>>57389172
> The latter point e.g. thinking that when you have $100k and go all in on a gem that you are "risking" $100k. You're not really; the chances of it going to zero are very, very small - if you exercise a little thought when choosing the play, and are at a good point in the cycle.

People get to some amount like 100k or 500k and then basically stop making meaningful plays. $1000 here, $5000 there, none of which really pay off and none of which were selected very carefully.

This game is about going ALL IN on potent, high-conviction plays and waiting for big multipliers.

Just hypothetically, say I breached near around 100k in this bullrun, which I think might be possible thanks to the memecoins I chose, you’re saying it’s better to try and just double down and throw it back in to try to make it? I can see the value of aggression but it still feels nerve wracking

[Anonymous No.57391562]

>>57384521
Send me some bro.

[Anonymous No.57391595]

>>57384578
I have 400k and I have no income. Let's say I go all in on MSTR and 3x it this bullrun and I get to 1 million. What do I do?

I put it on the sp500 to get that idealized 8% average yearly, but I have to eat, so I have to withdraw some. I live with my mom so I don't pay rent, but let's say I move to a frugal place. I would need around 1200 a month, to continue living like a frugalfag. And I pay 19% on capital gains so I need around 18000€ withdraws each year

8% of 1million = 80000€ anual gains
-18000€ to eat = 62000€ left for compounding
19% of 18000€ = 3420€ is what i pay for capital gains
18000€ - 3420€ = 14.580€/12 = 1215€ a month, this is a dogshit income here in Spain but enough to live

And this is all calculated in theory, because your investment fluctuates, but you will always require that 18000€ of withdraws each year minimum. What if there is a big crash? or just a red year? you still need to withdraw.

18000€ is 1.8% of 1million, so that is a safe as fuck withdraw, im assuming it would never be a problem. But like I said, what if you start on a bad year and this 1 million becomes less?

Anway, just to put in numbers, 1 million is enough but not that great, because you may face a bad streak of years on the stock market, what then? pic related. a complete custerfuck, and you have to keep withdrawing each year no matter what. Whole point of this shit is to not have to work and be free, and according to my calculations, 2 millions is real freedom, 1 million you are a still a bit on the edge and frugalceling hard if you want any real compounding still going on.

[Anonymous No.57391613]

>>57384270
yes, mid 6 figure hell feels bad because you see all these possibilities just out of reach. you think, should I do something risky like start a business or buy real estate. but you don’t have enough money to insulate you from the risk. so instead you just accumulate slowly instead.

[Anonymous No.57391918]

>>57384250
>2017
>30k

Holy fuck. People like you should just stick to the S&P500 and retire at 60

t. 28yrs old with 200k in crypto. Bought my first sat in 2019.

[Anonymous No.57391940]

>>57384257
Useless consumerist faggot. Buy a condo at Val Thorens instead and you'll ski for cheap the rest of your life while drowning in pussy.

[Anonymous No.57392083]

>>57391595
live on 1 million gamble with the other million and just add every consecutive million to what you're living on til your lifestyle is just maxed out. then I guess put everything else you make the rest of your life into a trust for your kids or give it to the church / charity

[Anonymous No.57392186]

>>57392083
what other million? I have 400k, i need to get to a mill after taxes first

and yes, that is what I would do, keep 1 million safe haven, gamble with 1 million

[Anonymous No.57392197]

>>57389172
>This game is about going ALL IN on potent, high-conviction plays and waiting for big multipliers.
This is as legit as it gets. The problem is, to make big bets, you need to make big transactions into shitcoin exchanges. There's no realistic way anymore for many people to send transactions into exchanges without the bank and the taxman both setting all alarms as if you are some kind of terrorist. Banks hate cryptos. This is why I would rather gamble on bitcoin proxies like miners. But they are so fucking pumped right now after last year that they may drop another 40%.

[Anonymous No.57392200]

>>57392186
oh I was just saying thats what I would do in your scenario of having 2 million lol, kindof just thinking out loud I guess idk

[Anonymous No.57392207]

>>57392200
>>57392186
if it makes you feel any better I only have 1500 and its not even invested because I need a cash safety net around and in fact need a few grand more than that to feel I have a proper safety net before I begin investing

[Anonymous No.57392238]

>>57391940
Tell me more about Val Thorens. Looks like a ski town, do a lot of girls go there?

[Anonymous No.57392395]

>>57384250
>mid 2017
Wasn't Bitcoin $1000 each back then?
At least I recall BTC was bouncing between 900 and 1000 for months
>with an initial investment of $30k
If you just bought BTC and held, you should be at about 1 million now.

Everyone at the time was talking about getting 21 BTC (like how being a whole coiner is now the goal), i.e. the 1 million club
That should've been your goal if you were from mid 2017 (and $30k was more than enough)

[Anonymous No.57392420]

>>57383286
It’s not that you don’t need to contribute to reach higher numbers, it’s that the average wage becomes smaller and smaller in comparison to your annual returns so eventually it becomes no longer worth it to work (unless your income keeps up with net worth growth)

[Anonymous No.57392444]

>>57385083
>dumping all your money into some lowcap alt.
No way you ever touch lowcap with $1M. That's how you end up losing 90% of your capital not even realizing how it happened.
I would probably just buy high caps at the bottom and swing them even for a comfy 2-3x in few months.

[Anonymous No.57392463]

>>57384213
Having a few hundred k liquid is a nice safety net for a working man. Still gotta work but you no longer fear getting laid off that much. I still fear having to drain my hard earned savings but I know I can live for several years with no job and be fine. It’s also nice because once you get to 250-500k you’re reaching the point of having enough to retire if you can let it compound for 30 years at 7% in the S&P, a safe 8x. That’s 2-4M by 60 so you pretty much don’t NEED to save anything extra once you hit this point as long as you’re young enough.

[Anonymous No.57392514]

>>57384944
You are a scammer.
Bangladesh tuitions are not that costly.
MODS ban this scammer.

[Anonymous No.57392523]

>>57385194
>>57392514
>university semester exam fees
Are not $545 in Bangladesh. Scammer.

[Anonymous No.57392544]

>>57386569
This. A good woman would not have done that. She wanted to hurt you. But more importantly, she wanted to convince herself she was taking the right decision. Find a good woman next time
>>57384879

[Anonymous No.57393905]

>>57381560
bump

[Anonymous No.57393910]

Bump

[Anonymous No.57394117]

>>57381560
My crypto poortfolio is worth around £12k at the moment with another £25k in ISAs and savings. I’m thinking about putting in another £5k before the halving in April. I reckon I can reach around £90-£120k at the peak of the bull run but it sucks knowing that I’m likely going to have to wait for the next cycle after this one to get some significant wealth.

>t. 25 year old zoomer

[Anonymous No.57394196]

>>57389172
Calling diversification a meme just outs you as another larper, like everyone on here. Honestly its just pathetic how you are ALL larps.
Anyone claiming ANY amount of x figures is a larp.
You probably bought link for 30$, are STILL underwater with your "gem" and now larp to make yourself feel better about it.

I'll give you guys some real advice: If you become delusional like this faggot who was probably thinking about pre-ordering a lambo when LINK hit 50$, SELL.
When your solana dogcoin coin hits binance, HIT THAT FUCKING SELL BUTTON. NEVER go all in on anything, not even Bitcoin.
Investing isn't a "game", its a test of patience and risk management.

[Anonymous No.57394201]

>>57381560
I only broke 10M one time, I trade wti CFDs with IBKR, it is insanely difficult.

[Anonymous No.57394345]

100K in the bank with all property paid off is all I need to make it. I can take it from there with zero chance of failure.

[Anonymous No.57394359]

>>57384161
Send a couple K to a stranger that trying to do the same thing. It'll make you feel good and reinvigorate your drive.

[Anonymous No.57394370]

Real question, how to get to 1M from 100K without crypto, stocks or scamming?
And without begging.

[Anonymous No.57395989]

>>57384312
just get a small loan of 100k bro
>This game is about going ALL IN on potent, high-conviction plays and waiting for big multipliers.
This is legit, but banks hate crypto, they will block big transactions. Im thinking about going all in on some miner like MARA or go with MSTR for some leverage. If BTC falls to a more less retarded price like 25k because it got too frontrunned during months and now has to correct.

[Anonymous No.57396057]

>>57394196
But overdiversification is not a meme. If you diversify too much you don't get rich. You need to get lucky to get rich and specially when it matters (while you are still young enough to enjoy it)

[Anonymous No.57396158]

>>57396057
You need luck to get rich quick or beat the market over a long period

[Anonymous No.57396240]

>>57396057
Do you unironically take "advice" from the retards on here?
>If you diversify too much you don't become rich
All your doing is going all in on some dogshit that is going to zero. If you said this about Bitcoin it would make sense, because bitcoin has outperformed everything else in the long run, but I know you don't mean that.

[Anonymous No.57396630]

>>57396240
Im not talking about shitcoins, im talking about MSTR or MARA, which are leveraged gambles on BTC (BTC is too pumped to get rich from anyway)

[Anonymous No.57397019]

>>57385660
Crypto is the only way.

[Anonymous No.57397045]

>>57295924
so true

[Anonymous No.57397153]

>>57384944
I know people shit on South Asians here (IMO rightfully so, after all I live in Canada), but sincerely I hope you pull through and make your country a better place. Good luck, and don't gamble your money away.