/biz/ - Business & Finance

>>26192959
lol just all in Link and wait u dumb fuck 4IR SATURN 216 its all real

>>26192959
> I turned 2k into 40k in 2020.
How?
I'm starting with 4K

Why would you diversify with only $40k, in crypto of all things? You don't diversify in something as nascent as crypto/shitcoins. I turned $12k --> $44k --> $110k by going all in on shitcoins. You won't reach $1m by diversifying with a meer $40k

>>26193055
Took me half a year to get from 2 to 60, so you realize the risk of throwing it all in? yeah maybe if I threw it all in MPH i'd have gotten a 3x and been on my way, but how often does that happen? once a year maybe.

maybe i just described the right strategy. wait an entire year until the one opportunity i can see presents itself? but then should I have anything in BTC? should I play with leverage?

>>26193199
2 to 60 in 6 months is really impressive. Most people on here are actually losing money. I'm guessing you are poor. You have to realize that $60k isn't life changing money. It's just a nice little cushion. Your life will be the same way it is whether you have $60k or 0, so it is better to take a leap of faith

>>26193055
what a fucking degenerate lmao

>>26193010
dicked around with AMPL, started throwing an ETH here and there at random defi shit projects during the summer of 2020. had 40k by the end of autumn of 2020.

from 40, i kept 15 in cash (waiting for some huge pullback) and put 10 in btc, 8k in eth, and like 7k in defi tokens. 25 became 45 soon enough.

i dont know what is next though.

>>26193276
yes im poor. if i take 40k and throw it at one project, which of these would you suggest would be best in the coming 6 months? i say 40k because if i am going to go the "all-in" route, I will want to double-down and throw in the remaining 20k if price falls 50%

btc
eth
mph
rook
dot
mta
sushi
yfi
cream
alpha

>>26193371
I don't know any of those shitcoins, but the great thing about shitcoins is that there will be many winners in a pump/bullrun, so you will make it fren

>>26193371
10k in the following

BTC
Eth
Link
Rose

>>26193371
play it safe, allocate majority of wealth to less risky plays like btc, and then various smaller amounts in moonshots. segment risk

>>26193304
Propane? Store bought shit has mercaps does it not?

>>26193276
>You have to realize that $60k isn't life changing money
It is when you're poor. You won't get any lambos or retire at 30, but it's alot of money you can invest and make even more profits with.

>>26193472
good luck fren

>>26193554
i will check out ren and rose. my boss is a multimillionaire (supposedly over 30M in BTC) and i got the inkling he has a lot of stake in ren.

>>26193605
ty fren

>>26193624
hah i dunno what a mercap is, but yeah that's propane, i was trying to build an interior furnace to heat up a pot of sand so I could tinker with distillation. that was when i was REALLY poor

>>26192959
If I were you I’d DCA 10k into Statera’s Stanos pool. It holds 50% sta, 10% btc, 10% eth, 10% link and 10% snx. You will also get passive income from fees. Pooling some of your profits to Stanos is pretty secure way to go without just cashing out profits for a new car.

Ps. Pool is growing monster, 700k liquidy few days ago is now 1,2m

>>26192959
Congrats on the gainz anon. I have to ask though, how did you avoid burnout? I spent most of 2020 putting out fires irl which drained the mana necessary to chase alts. This seems to have been a shared experience regardless of the varying feelings people have on global NEETification but I’d like to know how you stay focused given all the weaponized distractions in our midst.

same i get stress when the amount gets to big, don't want to lose 30% of 50k it fucks things up

>>26193605
do this. take out a decent percentage (30%?) and put that into traditional growth stocks (ETF probs) then gamble the rest.

at the end of it you don't want to be left with nothing. better off slowly getting to millionaire than ending up with zero.

>>26193926
i was lucky, fortunate, with AMPL. 2k became 4, 6, 9, 11, 16, 17. before i knew it i was prosletyzing crypto to my friends and I cashed some out to pay for indie film projects.

then it stagnated a bit. a few people wanted to give me money to manage. i crawled biz for days just tinkering with the new defi protocols, which were really cool. early-mid summer 2020 was cool for defi because gas was kinda low, and if you had $300 you could explore tools and not get raped by whales jacking up the price of txns. i think YAM was the next big one that netted me like 5k out of a $400 investment. lmao remember when the YAM vote was about to fail, then they got the votes, and then there was a bug and it infintely printed treasury tokens anyway? lmaooo

then I started making bank on a few other farms (like early sushi, rot, and the uni airdrop). I would just get in, farm, and market sell whenever I had a good enough stack to justify the gas. i figured out quickly that I would need to invest X in order to yield Y amount in Z amount of time; would Z be too long before APYs dropped and before the price of the token dropped? i just played the in-n-out game.

before i knew it i had 40k. all from ampl and yield farming. from then it was a different story

but to answer ur question, basically, Biz. biz kept me laughing and made me feel like i had a community. other people who cared about jokes, a good laugh here and there, making money. but knowing when to step AWAY from the computer and have an outside life, that was really important too. knowing when to peel away and either believe in a project enough to leave in funds or take it all out and hold cash, while i went off to date or party or socialize. i was on biz nonstop of 6 months and having a break really helped me crystallize things.

>>26193926
yeah to expand a bit more since I rambled: having an outside life not related to business and finance was helpful in avoiding burnout. and also, i found the act of hanging out on 4chan purely enjoyable in itself. hanging out on 4chan was/is like a hangout with buds. just scrolling and shitposting and chilling. that feeling of 'just chilling' took off the pressure of feeling like i needed to always find a quick buck. i could just find interesting things. like, the reason I got AMPL was because there was this ONE post in early summer 2020, it was an honest post from a guy who was explaining Geyser. geyser was the rewards program on AMPL and it was being released like that very same day, or the next day. mustve been some kind of insider, or someone who knew it was big. and that one post triggered some signals in my head that went "oh yeah, this is real." and then i went in and it paid off.

so the clarity of mind that kinda came with chilling on 4chan helped in identifying some leads. but again, im here still asking for help, so i dunno. feels like i need to get back to lurking more lmao. i thin this bull run is about to stagnate but i have 0 clue. last bull run i sat on the sidelines.

>>26194132
risk adverse ngmi your grandkids will love you tho

All in BOR idiot

>>26194261
its an opener for a newfag as me to read your experience shared here. any tips on how to narrow down prospect projects for me to make my own research? how did you find AMPL in your case?

>>26193055
>40k into shitcoins

Curryhands wrote this