[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 42 KB, 1066x800, ddJ3Iz7jp.jpg [View same] [iqdb] [saucenao] [google]
21297510 No.21297510 [Reply] [Original]

What have you bought to celebrate? How has your life changed, if at all?

>> No.21297529

>>21297510
im not a millionaire
i sold 40k link at $1.50 many years ago

>> No.21297544

>>21297510
Thinking about going out of my way and buy a Pepsi. But I wont, because I have water from the tap

>> No.21297548

I only hold 10k i need a fucking 10x to get there its tiresome

>> No.21297566

>>21297510
I'm not a millionaire
I only bought 1k LINK in 2017 and forgot about it

>> No.21297568

>>21297548
This desu

I think it will 100x tho

>> No.21297575

>>21297510
Not a millionaire yet. Bought a new computer though

>> No.21297603

>>21297510
My life wouldn't change much, I'd more or less keep the same lifestyle, just quit my job and do something more creative but lower paying and lower stress.

>> No.21297607

>>21297510

Nothing so far, it has been a big anti climax. I now worry more about losing it all again. It also doesn't help I am tight with money af.

>> No.21297609

>>21297568
Oh i dont think this really have a top if you dont mind waiting years and years i would just like to retire before 30

>> No.21297685

>>21297529
Imagine being that fucking weak handed

>> No.21297704

>>21297609
How old are u anon, I’m 28 myself and I think it will hit 100 this or next year honestly. Personally I probably won’t retire since I somehow like my job but its getting harder by the day to not let it go aspecially whenever anything stressful happens

>> No.21297728

>>21297548
the real dilemma will be selling anything from that autistic 10.000 number. if you can stake some you can sell them, but selling some and drop below 10.000 linkies will be the real problem

>> No.21297738

>>21297510
Been thinking about what the next move is a lot more lately. Been meming $1000 EOY but the money is getting real now. Might invest in a food truck I really like to help them go to a brick & mortar place when corona goes away. Might reinvest in real estate and get a duplex. Idk man shit is getting real though.

>> No.21297766

>>21297704
28 too
>>21297728
Yup this is a real pain in my mind i used to have 15k but tried to swing 5k for more linkies and got burnt thats why ill only cash out when i know i have enough money to not work

>> No.21297780
File: 139 KB, 1000x911, 15ww94764444032386.jpg [View same] [iqdb] [saucenao] [google]
21297780

>>21297544
pic related = "Pepsi"

>> No.21297798

>Wake up
>Check chart
>Have breakfast
>Check chart
>Brush teeth
>Check chart
>Play vidya
>Have chart open on other monitor

>> No.21297825

>>21297728
kek I have 10972 just for that reason

>> No.21297847

I only bought 100 LINK years ago amd forgot about it until a week ago.
I also have 500 XRP

>> No.21297856

>>21297798
what a miserable existence, im really sorry anon

>> No.21297859

>>21297607
this. stack is 2m+ , but all unrealised, & not selling any before 100. total anticlimax, it doesn't even register at this point.
but I am constantly trying to imagine how I want my life to be in next 3-5 years, what goals, what's important etc.

>> No.21297891

>>21297856
It's a meme son. Of course i'm not gonna do just that....keke maybe i will.

>> No.21297896

>>21297510
>become millionaire of stinkies
>go to Maccas
>"1 Big Mac please."
>eat Big Mac as tears of joy roll down my face

This is the only acceptable answer if you're an oldfag who got in late 2017/early 20018.

>> No.21297935

>>21297780
bought the seiko samurai padi pepsi myself

>> No.21297956
File: 364 KB, 8600x5101, pTqrkXaGc.png [View same] [iqdb] [saucenao] [google]
21297956

>>21297859
Gotta be fucking weird gaining or losing $200k every day like it's normal, huh anon?

>> No.21297968

>>21297859

Same, its just a number on blockfolio desu. I am following my cash out plan though (cashing small amounts every 5$ raise), that makes it feel a bit more real when it hits my bank account.

>> No.21297998

>>21297798
lmao literally me

>> No.21298092

>>21297510
I bought a takeaway last night and it didn't feel right. Can't get out of saving every penny to buy link mode. My friends still think I'm broke

>> No.21298128

>>21297956
not really anymore, the swings felt worse when in the low hundred thousands, but even then I was used to it. after holding this coin for best part of 3 years, you become numb to all swings, the losses and the gains. losing or gaining 500k in a day,, it barely registers now. plus it's moved so quickly. the jump from 4.90 to 7 skipped 5 completely & there was barely time to get used to having 1m before it jumped again. like the other anon said, it's a massive anticlimax in many ways. the problems many anons seem to be prone to is freaking out at suddenly having a meaningful amount of money. the sooner you get used to it, the better, as you're more likely to fuck it up if you're too emotional & can't think about it calmly.

>> No.21298260

My freedom.

>> No.21298305

>>21297510
tfw only having 450 links bought at 9 usd
I will always stay poor as I'm too afraid of risks

>> No.21298684
File: 301 KB, 1700x956, lamborghini-huracan-04.jpg [View same] [iqdb] [saucenao] [google]
21298684

So.... nobody bought pic related with dickbutt livery?

Am disappoint.

>> No.21298933

>>21297510
>celebrating a million
Don't get me wrong, being a millionaire puts you way ahead of most of the people around you, but it doesn't get you as far as it once did. I would probably buy real estate and expand my folio.

>> No.21298991

>>21297766
28 anon with 10k as well.. I wanna make it before I’m a 30 yr old boomer too

>> No.21299013

>>21297607
>>21297798
This. I hope it doesn't get worse.

>> No.21299023

>>21298684
>Make it to a million
>spend more than 10% of tour net worth on a car
This is what I'm talking about. $1MM isn't fuck you money anymore.

>> No.21299069
File: 644 KB, 1398x925, 1593278668875.png [View same] [iqdb] [saucenao] [google]
21299069

>>21297510
I just broke $200k for the first time. Yet I'm still miserably getting ready to go to my $15/hr warehouse job. It just seems like the smart thing to do, even if it is miserable.

If I break $500k I really will just walk the fuck out of there.

>> No.21299071

Help out some future sellers. How/where did you sell your linkloads?

>> No.21299093

>>21297728
I thought this too, thats why I made sure to get a few extra K.

>> No.21299133

>>21297548
Same.
well 11500

>> No.21299210
File: 227 KB, 860x774, 1569778141698.jpg [View same] [iqdb] [saucenao] [google]
21299210

>>21297935
I'm thinking about getting a Grand Seiko when I make it. Just one nice, versatile lifetime watch. For now I have this which is still pretty nice considering that its pretty cheap.

>> No.21299217

A villa on a Greek island and a cabin somewhere in Norway. That's what I get to treat myself :D

>> No.21299422

>>21299071
This. Lets say for all in tents and porpoises that Link moons AND you happen to have iron hands with a 10k make it stack. How do you go about cashing 5-10k Link, aka 5-10 million dollars? Do you break the stack up and sell across multiple exchanges, or just put up a 5mm sell wall? Do you call your bank to let them know, or a lawyer, tax person?

Also, lets assume you can complete the cashing out stage succesfully and paid your taxes and have a couple mil sitting in the bank. Is it worth it to get some kind of money manager or go with an investment firm? Multiples? Fiducary or whatever it is?

>> No.21299658

>>21297510
MORE LINK

>> No.21299676

>>21299422
checked, this is a good question would also like to know.

my initial thoughts:

try to sell somewhere 50-60% of stack (5-6k), probably split between two exchanges, or just one (one probably best for easier tax purposes) and of those 5-6k sell 1k at a time.

Im not sure if theres rules about cash entering your bank account thats a good question as ive seen people whove liquidated to cash get their money held up on exchanges like coinbase etc (inb4 you cant cash out crypto)

I'd say once youve successfully have money into your bank, get rid of 80% it (dont hold cash) aka - get a property, put some in stable dividend stock funds, boomer metals possibly.

>> No.21300190

>>21297896
I’m extremely lactose intolerant but when link hits $1k that’s exactly what I’ll do. It’s been years since I’ve enjoyed a Big Mac, can’t wait to honor Sergey again.

>> No.21300221

>>21299210
Buy an orient star. Close to grand seiko quality, but much cheaper.

>> No.21300287

>>21297575
This. Except bought an OLED monitor and will buy a 3080 for my PC

>> No.21300289

>under 1000 link
I'm not.
Wish I had the money for investing I have today 3 years ago. I believed

>> No.21300363

>>21299023
Where I live, even $10 mil isn't fuck you money cause you need at least 10% for a home (note that I didn't say house)

>> No.21300484

Well it depends also where you cash out. I'm thinking Malta, already have setup a company there with a couple of accounts. Their tax policies are really nice and its relatively easy to setup there. Isle of man would be an even better option tho. For the US people I guess you should be thinking Panama ? Or any place off shore :) Making the big money is hard, but getting away with them can be even harder. So plan accordingly :)

>> No.21300514

>>21300289
Don't worry, fren. There will be another link. Then we will truly make it.

>> No.21300549

>>21297510
big mac and cigar, unironically

>> No.21300589

>>21299422
>>21299676
Finally, an area where I can help. I'm an investment manager at a wealth management firm (fiduciary). I have about 5k link and I'll tell you my strategy for cashing out, but more importantly what to do with your money after
First if you do have $5m of gains it's definitely worth hiring a CPA to help you cash out. I don't THINK there will be any tricks to save you money, but it's worth the $300 consultation to see. It'll also be good cause your taxes will be complicated when you cash out and you'll be under scrutiny, so definitely use a CPA that first year. My plan is to do it relatively slowly, and not all exactly at your price target. So targeting $1000, I'll probably sell some at $900, $950, $1000, $1020, $1050, etc. Don't just dump at $1000. I'll sell as quickly as the market can bear, and across multiple exchanges if necessary. Volume likely will be large enough then that if you wanted to exit quickly it would only take a couple days
So now you have let's say $4m after taxes (assuming you had say 6.5k link). I'd probably leave 1k in link but let's ignore crypto.
You CAN hire a money manager. But they won't tell you anything I'm not gonna tell you here, and probably will underperform what I'm telling you here. DON'T OVERTHINK YOUR MONEY. It's not hard to manage yourself, just be disciplined like you learned to be with LINK. Put it in one of the strategies here https://portfoliocharts.com/portfolios/
I think the 3 fund portfolio is OK, I like the All-seasons portfolio by Dalio, and Rick Ferri's Core 4 is solid as well. But the main point is you can do this yourself if you're comfortable
If you're not comfortable, someone like my firm will be happy to take your 1% annual fee and manage it very similarly to those portfolios there. We definitely do good work, but 1% is a LOT for something you can do on your own. If you do go that route there's absolutely no need to get multiple firms. Find one you trust, and make sure they're well diversified.

>> No.21300669

>>21300589
do work in the US?

>> No.21300685

>>21297798

>brushing teeth after breakfast

That’s not how toothpaste works anon. It’s more like sunscreen for your teeth. You have to brush at least 30 min before eating to let it bind to your enamel for it to work. Also don’t rinse with water or you wash it away

>> No.21300806

>>21300669
I do. If you live internationally my advice probably doesn't change, but I'd make sure that at least some of my investments were in a usable currency. If you're a burger, I'd say within equities a 65/35 split between US & Int'l is probably ideal. S&P500 has a lot of international exposure just from overseas earnings.
Just FYI all my advice goes out the window if Peter Schiff is right and the dollar loses reserve currency status and all hell breaks lose. Nobody knows what to do in that situation and I've asked a shitton of analysts. Nobody expects that either, less than 5% of the industry for sure.

>> No.21300908

>>21300806
well my question is, if trump goes through with this capital gains tax cut, is it worth it to wash your gains this year and create a new cost basis? i've ran the number and financially it definitely is, but do you think you need to wait 30 days before you rebuy like a stock or security or since the SEC hasnt ruled on crypto you're good to wash it right away?

>> No.21300962

>>21298305
Its OK, I only have 530 bought at 9.2

Still in the profit and not selling till $200

>> No.21301004

>>21299422
>all in tents and porpoises
kek from me anon

>> No.21301025

>>21300908
I absolutely would. And if Biden or a democrat gets elected I'm washing my gains this year.
You DO NOT need to wait to buy back in for a realized GAIN. The rules you're referencing are with regards to a realized LOSS. The realized LOSS rules absolutely apply to crypto.
So, even with a stock you are able to sell, realize $100k in gains or whatever, and IMMEDIATELY buy back with no penalties or wash sale violations or anything. Those only apply when you realize a LOSS, not a GAIN. Does that make sense?

>> No.21301033

>>21300806
>and the dollar loses reserve currency status
This is why you never cash out more than 50% of your crypto. Where do you think money will go if the dollar loses reserve status? Where is money already going instead of the dollar in hyperinflated third world places? Don't think too hard the answer is clear if you're already here

>> No.21301070

>>21297728
>tfw 10100 link.

I want to take some profits, but damn, that 10k plus balance looks so clean.

>> No.21301112

>>21300685
Wait wait wait wait, how the fuck are you supposed to brush/floss/mouthwash?????? What is the correct method and order.

I thought you were meant to brush after breakfast.........

>> No.21301188
File: 92 KB, 215x235, 6gUbcKN7Uxenq7kEqg61BYNxB1V4vCMxgiYt821rSS7hieSdZVup5kddAJkepLekewDK26.png [View same] [iqdb] [saucenao] [google]
21301188

>>21299069
Nows a great time to get fired if youre in the US. Unemployment bonuses are great so ive heard. Why not NEET it up for a few months? But you have to get fired (start being really really late). You cant quit.

>> No.21301194

>tfw only 20k link

god dam i should have bought more

>> No.21301216

>>21300908
You avoid making a wash trade by waiting 30 days.

>> No.21301253

>>21297510
Brought ?
I'm never cashing out. If you think we will ever cash out for monetary gains you are wrong.
LINK could go to .30c tomorrow and I still wouldnt sell.
You truly dont understand the power of LINK.
I'm not holding this so I can cash out and buy things.
This will change the world, and if you have at least 1k link then you will be the next elite.
I'm holding link for my grandchildrens grandchildren.

>> No.21301350

>>21300685
Don’t forget to swallow the toothpaste after brushing

>> No.21301405

>>21297510
Investing in real estate. Putting 25% of real estate income into retirement. Living modestly for early retirement. If I had bought Link that is. Lol

>> No.21301457

>>21301033
If that happens. Personally I actually DO think it happens, which is why I have a lot of crypto, boomer rocks, and gold/silver mining stocks. Not to mention an escape plan out of the US. But most people in the industry don't think it'll happen. And if it does, it's not a guarantee that crypto will benefit. Still not a bad idea to keep 20%+ of your crypto in crypto, just in case.
>>21301216
This is true but wash sale rules only apply on losses, not on gains. You are eligible to immediately rebuy for capital gains, you don't need to wait the 30 days.

>> No.21301488

>>21297510
Just spent 200 bucks on kobe beef and smoking 2 stogies

WE ARE GONNA MAKE IT

>> No.21301531

>>21297510
I'm building a new battle station and I have the means to prep for the winter. I want a 10k gaming pc, not including all the boss ass accessories I'll include with it. It's a one time payment for several years of performance and entertainment. Way better than a car since I live in the city and get whatever I want delivered or I can walk there.

>> No.21301579

>>21301216
>>21301025
one of you knows what you're talking about and the other doesnt

>> No.21301896

>>21297510
50k link chad here and 312k xsn, will be millionaire at 18$ per link if xsn doesn't dump, also haven't bought shit living as a poorfag neet and will not sell before 100$, will sell 10k link at 100$ and leave 40k for 1000$ for fuck you money.
Have 2k$ in the bank will live off it for a month because I just quit my job and then will start selling the rewards of my stakenet 20 MNs, makes me 40$ a day at these prices, if a 2nd corona wave happens and link and xsn tank than I'll start wagecucking again.

>> No.21302036
File: 114 KB, 1396x444, Screenshot 2020-08-12 at 9.41.14 AM.png [View same] [iqdb] [saucenao] [google]
21302036

>>21301579
Remarkably hard to search for this specific snippet.
https://www.marketwatch.com/story/understanding-the-wash-sale-rules-2015-03-02#:~:text=According%20to%20the%20tax%20law,be%20allowed%20any%20tax%20benefits.&text=If%20you%20sell%20for%20a,his%20due%20with%20no%20qualms.

>> No.21302148

>>21297728
the trick is to hold until link becomes so valuable, you feel fine saying you hold a 9k stack

>> No.21302159
File: 128 KB, 848x548, xrplink.jpg [View same] [iqdb] [saucenao] [google]
21302159

rip ooooooooooooOOOOOOOOOOOoooooooooooo

>> No.21302196

>>21297510
Nothing, my passive income will pay for my lifestyle, in never selling a single LINK.

>> No.21302303

>>21301112
You are. The other guy's an idiot. You can rinse with water. Your toothbrush's bristles are enough to coat your teeth with toothpaste. They've even done studies on the whole rinsing thing for idiots like him and it makes no difference.

Bruh twice a day. Floss once a day or even every other day and you're fine. In fact, you're doing better than 90% of adults who *might* brush once a day and never floss.

>> No.21302436

>>21302036
Thanks for the advice. Lets say I have 5m total in link one day. I want to cash out 1m. Do you think I would need a CPA for that? I am hoping to just use the LINK pair on coinbase and they can see the LINK came straight from sitting in a wallet for 3+ years.
Also isn't there some risk in letting a CPA know you still have like millions in crypto not cashed out?

>> No.21302475

I'm going to get 15 acres in Maine and be a lumberjack

>> No.21302503

>>21302036
lol i already searched for it i just wanted to see the smackdown

>> No.21302534

I wanna buy some linkies but it pains my soul seeing it at such a high price. I was lucky enough to get into XRP at 17c-18c. I refused to buy anymore when the price went above 25c. I have over 40k XRP. I'd would have liked a similar amount of linkies. :D UwU

I hope linkies massively drop in price so I can scoop em up <3

>> No.21302557
File: 71 KB, 875x492, 2021-Toyota-TRD-Pro-1.jpg [View same] [iqdb] [saucenao] [google]
21302557

>>21297510
Just preordered this bad boy

>> No.21302576

>>21297510
I’m on the verge of being a millionaire but I unfortunately live in NYC so that isn’t very much money JUST

>> No.21302665

>>21302436
If it is as simple as you described, and you have a record of where you bought it (did you buy on Coinbase or binance?), then you probably don't need to use a CPA. There aren't any magical tricks they can do to lower your taxes, unfortunately you'll just need to pay those. So if it is that simple and uncomplicated, nah you'll be fine on your own.
As far as risk, nah. They have tons of wealthy clients they don't care about you.

>> No.21302669

>>21297798
baste

>> No.21302741

If this goes to $1000. I’ll have 25M.

I work part time in retail just now. Fuck I think I’ll buy my parents a house. Myself, I think I’ll get an island in the Philippines or somewhere in SEA. Build a fantastic mansion on it and have a nice boat and a sea plane. And one of those cool old timey safes, in the bunker, stacked with golddddd

>> No.21302742

>>21302665
what about setting up a charitable foundation to offset gains? i def will be donating some of my gains in the future. is this is smart idea?

>> No.21302791

>>21300685
This is the stupidest advice ive ever heard.
You brush your teeth to remove plaque and small food particles that bacteria digest and relase acid that erodes enamel and releases bad smells.
Lmao what backward thinking, desu you dont even NEED toothpaste you just need to brush your tongue and all plaque and food out and floss between teeth. Unreal backwards logic.

>> No.21302848

>>21297510
I bought a Big Mac with fiat

>> No.21302867

>>21302665
Thanks I figured as much. Bought like $35k worth of eth back in 2017 on coinbase, then later LINK on binance and has been sitting in ledger for 3 years almost so I think should be easy enough.
As an investment manager, what is your take on mate it/fuck you money? How much do you think is a good amount for most people? And when do you think for your average person more money than X amount is semi useless/ not worth the risk of waiting for more gains?

>> No.21302886

>>21302742
Charitable foundation - no, unless you have a net worth in the 9 figure+ range.

Buying 'rare art' for say $5,000, have it appraised for $500,000 a few years later, donate it to charity. In the same year sell $500k of links. The $500k art donation now washes out your $500k of links sold so you have a net taxable gain of $0.

>> No.21302966

>>21302742
I'm not a tax accountant but that is an option. It can help reduce the pain of the first year, especially if you know you're going to do it anyway. However, and I may be mistaken in this, I believe if you donate appreciated assets, you only get the write-off for your basis. So if you bought link at $1, it appreciated to $1000, and then you donated 50 link to a charity, you'd only get a tax write-off of $50 I believe.
I'm not an expert. BUT I think in our unique situation it won't help too much, you're just kinda screwed. You COULD set up something like a CRUT, which would help accomplish something like that, but I"m not super familiar with those rules.

>> No.21302993

>>21297529
same here, nigga.

>> No.21303172
File: 79 KB, 807x960, nicotine.jpg [View same] [iqdb] [saucenao] [google]
21303172

>>21297510
Sadly had only 1700 LINK so I still have a while to get there. But I guess I'll buy more LINK once I'm a millionaire

>> No.21303173

>>21301112

>brush/mouthwash 30 min before meal
>floss after meal

My uncle who is a dentist also told me that the point of brushing is to coat your enamel to protect it from sugar enzymes when eating. I have always done it this way and have never had a cavity and have really white teeth. Make sure your mouthwash has fluoride in it or it is also pretty much worthless

>> No.21303174

>>21300589
Thanks for your insight anon. Where would you go about finding a CPA? "My city, my state, CPA?"

>> No.21303235

>>21302791

Wrong. The fluoride in toothpaste is used to coat your enamel. You can look this up yourself.

>> No.21303521

>>21303235
Then why does the dentist rinse it off after they brush my teeth? Fucking moron

>> No.21303523

>>21299422
>in tents and porpoises
Fucking kek’d and checked anon, baste

>> No.21303590

>>21303521
They rinse off the extra. It still coats your teeth.

>> No.21303640

>>21303521
either you're lying or you're a retard who doesn't understand what a dentist does

>> No.21303760

>>21303173
what if you brush your teeth before and after breakfast?

>> No.21303824

>>21303760

That's fine too, but you should also wait 30 min after eating to brush or you can ruin your enamel. I usually just rinse with water after eating sugary meals.

>> No.21303904

>>21297896
I unironically did this but didn’t actually cry, they were good though.
I ordered 2 and the retard manager gave me 3 by accident, bullish.

>> No.21304001

my plan is to cash out 1/4 th of my stack at $500 which is enough to cover all of my debt. I know it makes more sense to wait until $1k to sell but I feel like the wait will be easier clearing my debt from my subconscious mind. It seems fair as a trading strategy

>> No.21304048

>>21302867
>>21302966
Please answer about the make it money part when you have time fren. Would love to see what a finance manager thinks is a good amount to live well

>> No.21304095
File: 768 KB, 1261x695, file.png [View same] [iqdb] [saucenao] [google]
21304095

HES EXIT SCAMMING RIGHT NOW

>> No.21304224

>>21303904
Oh man its three for free!

>> No.21304509

>>21298128
nice one anon, wist i had still my 50k stack instead of gambling it all away,

Only have 15k left now :/

Cash out like 300k at 100$ and buy a house and live of staking from there on

>> No.21304744

>>21298305
dude i have 6 and feeling good already, wait for the dip, buy more, this will soon be $100

>> No.21304756

>>21302886
This is wrong. You only get the $5000 write off, not the full $500,000.
>>21302867
Sorry for the delay fren, I had a work meeting. I absolutely believe in make it money. It's more formally called Financial Independence, and the movement itself is called FIRE (fin. ind. & retire early). I believe in it and save for it myself, outside of crypto.
As far as how much you need, take your annual expenses (in today's dollars) and multiply by 33. That's your number. A withdrawal rate of 3.33% has never in the history failed, no matter what kind of inflation or crash we've seen. 3.33% is actually more conservative than the more common 4% withdrawal rate.
As for when that number is, it entirely depends on expenses. If you live the NEET life in a cheap city, and only occasionally travel or do anything, you can get your expenses down below $20,000 while still being comfortable. That would give you a FIRE number of $660,000. If you wanted more of a cushion, you could round up to $750,000 and withdraw more during good times and less during bad times.
Once someone hits their number, I say at that point retire if you want, but a lot of people find they don't mind their jobs as much KNOWING they could quit. So they keep working for the benefits and to increase their stack. Good luck friend, lemme know if you have other questions.

>> No.21304893

>>21299069
I can guarantee that when you break 500k, you will try to wait for a million.

I advise you to set a wide range of stoplosses that if the stack falls, you won't have a YEAH BUT WHAT IF moments.

This is coming from someone who bought into LINK at 9$, sold at 13$, had some weak bitch ass trades and it reduced my LINK stack from 8k to 2.6k.

>> No.21304904

>>21299217
What's your stack size clever anon?

>> No.21304952

>>21297529
Sold 39k link at 4.50 and bought another stack at $7 still winning.

>> No.21304977

>>21297529
try really hard not to kill yourself

>> No.21304992

>>21303174
That works. I'd probably do "My state regional CPA firms." Pick one with at least 50 employees. Any smaller I find they try and jew you cause they don't have enough clients. CPA firms are relatively homogenous though - can't really go "wrong" for the most part, unless they're terrible.
>>21304001
Works. Could sell 1/4 at $500, 1/4 at $1000, and 1/2 at $1250 if you think it gets there. That means your average sale price is still $1000. I still recommend only ever selling 90% of your stack though. Keep that last 10% in case we go on an even bigger bullrun to $81k or something.

>> No.21305034

>>21297510
I bought more fucking link

>> No.21305052

>>21300589
Hello wealth anon.

I am legitimately considering taking a 50k loan and dumping it all in LINK come next dip. I'll set up stoplosses across multiple exchanges in a way that even if a flash crash would lower the price more than 50% in 5 minutes, I'll still be ahead on the money I made.

Please talk me out of the retard idea or advise me how to do it in a non-retard way.

>> No.21305236

>>21304509
I wouldn't sweat it too much anon, clearly 15k is still a significant stack, & the longer you're able to hold for, the more so. im also thinking of cashing some out at 100, but as it's going up this fast, I'll reserve all judgement & wait & see. staking will take at least 12-18 months to get going, & the real gains are going to come after that. so if it hits 100 at or close to staking starting, I'll wait & hold even longer. the difference between cashing out at 100 or 200 is huge.
tldr - don't sell too much too early & you've already made it

>> No.21305336

>>21297510
I bought bat instead of LINK and still want to die. I would be worth more than 2MM by now

>> No.21305417

>>21299210
I vote we commission a Sergey Special Vostok Amphibia

>> No.21305466

>>21304756
Thanks fren. I live a pretty cheap lifestyle so it's hard to calculate my expenses too much. What number do you first think of when you hear make it/fuck you money mentioned?
I basically invested 35k back in 2017 I got from inheritance and now it's worth more than I ever could imagine with all these pumps.
I was planning on selling some in the $20s. Do you think dropping 400-700k on a place and paying it off in full is this smartest? Thinking it seems smarter than getting a loan and trying some other investment with the lump sum.

>> No.21305485

>>21299658
basado

>> No.21305527

>>21305052
Phew. That's a pretty bold/risky move. It could payoff big if it works out, but I'd be much more concerned with the downside than the upside. How long would the loan term be, and could you cover it even if the crypto doesn't work out? You'd have to have mega discipline to sell into rallys to reduce your exposure.
But let's say you can cover the loan with wages. Like anything, if LINK goes up then it'll be a winning move. I personally believe that will be the case, but if you're wrong you just saddled yourself with $50k in debt and that can severely fuck up your plans to get a house or whatever.
I personally wouldn't do it. If you are that bullish on LINK, see if you can pick up another job or something. Maybe get a $10k loan that you KNOW you can cover via wages and do that instead.

>> No.21305528
File: 2.80 MB, 3267x1588, 20200627_163324.jpg [View same] [iqdb] [saucenao] [google]
21305528

>>21302557
based. i am buying one for the wife.

>> No.21305544

>>21304224
KEK

>> No.21305561

>>21297566
You will be dw. Just sit on it for a couple more years.

>> No.21305580
File: 111 KB, 600x361, come and cia.png [View same] [iqdb] [saucenao] [google]
21305580

>>21304893
>bought into LINK at 9$, sold at 13$, had some weak bitch ass trades and it reduced my LINK stack from 8k to 2.6k
jesus christ

>> No.21305589

>>21297510
Didnt know link went to 1000$ already

>> No.21305625

>>21297510
Just quit my job and live every day for myself. I'm just gonna work out, go to school and never want for money again

>> No.21305799
File: 2.33 MB, 1469x881, come and cia 2.png [View same] [iqdb] [saucenao] [google]
21305799

>>21305052
>>21305580
bro you misplayed your hand by $50,000 over the last few weeks, consider taking a step back and evaluating your plays carefully

>> No.21305804

>>21305466
Research time value of money. TVM is the easiest way to figure that stuff out. If your mortgage rate is low and you can make money off the money you'd otherwise put into the mortgage, don't pay it off. It's about knowing how much you'd pay in interest and principle versus how much return you could make if you paid slowly. It's not hard to calculate, but you need to be smart.

>> No.21305850
File: 582 KB, 518x510, Screen Shot 2020-08-12 at 4.54.19 pm.png [View same] [iqdb] [saucenao] [google]
21305850

yay new ATH

>> No.21305861

>>21305466
I think it'd be worth the effort of figuring out your spending over the last year. Websites like MINT can help do it automatically, as they can look into the past. I'm very glad to hear you have a lot of money, jealous myself but I believe we'll all make it with link.
But let's say your spending is $30,000. I'd be comfortable retiring on a million at that point. Note that the $1m would have to be invsetments outside real estate. So if your spending is say $20,000 + $10k in rent, then you could buy a house and live off the $660k I talked about earlier.
I probably wouldn't spend 400-700k on a house personally, but that's a lifestyle choice, and I live in a LCOL area, so even nice homes in desirable areas are only $300k here. Personally? I would prefer to have a mortgage at this point than a fully paid off home. I think we're going to see high (maybe not Schiff high, but 5-7% annually at least) inflation over the next 30 years, so getting a 3% mortgage is basically a no-brainer. The problem is regulations require banks to look at income, so make sure if you do get a mortgage it's while you're waging, NOT after you retire. It'll be much easier to get a house with income, and after retirement it'll be a pain and possibly require you to go to a wealth mgt firm like mine to validate that you have income from assets. I would say it's DEFININTELY not worth selling a huge fraction of your link to buy a house. Buy a house with a mortgage, sell link as needed to pay it. Always keep 1 years expenses in cash in the bank so you don't have to sell in a bear market if you do that though.

>> No.21305989

>>21297510
i literally bought a new mattress and pillow set from Casper. fucking can't wait to get rid of my 10 year old bed and walmart brick pillows

>> No.21305995

>>21305861
Let me add that when I say don't sell LINK to buy a house I don't mean don't take gains in LINK. Selling some in the $20 range may make sense for you (and I plan on selling some there as well - reduce my cost basis in crypto to $0). Taking gains and buying a home are separate questions, and I'd much rather invest the $400k in traditional assets than a home, since I'd love to have a mortgage at these rates.

>> No.21306050

Is 3000 link a shit amount? Amazed how many people on here have 10k link

>> No.21306284

>>21306050
How does $3,000,000 sound?

I bought 12k in 2017, cost me around $2500. Sold 500 when we passed $5, feels surreal man.

No idea where the peak is really, we don't even have mainstream media attention yet.

>> No.21306301

>>21306050
I have 3.3k and it’s respectable since I only came here beggining of 2018. I swung like an idiot or I could have easily around 10k

>> No.21306366
File: 11 KB, 200x200, 1587470779603.jpg [View same] [iqdb] [saucenao] [google]
21306366

>>21306301
>I have 3.3k and it’s respectable
>respectable
>I only came here beggining of 2018
>I swung like an idiot
Holy shit look at this retard cope

>> No.21306379

>>21305861
>>21305995
Thanks for the great advice. Anons like you make this place worth visiting still.
My current job is just part time that I basically do for fun at this point. So I think qualifying for a traditional mortgage would be hard.
Another real estate anon earlier was recommending land contracts, which as far as I can tell sound decent. Do you think trying to prove assets for a traditional mortgage would be worth it?
Aside from LINK where is the next place you would put some money to not have all eggs in one basket?

>> No.21306443
File: 280 KB, 1400x1050, A5A0ED8C-665E-4BEA-A28C-9F181352D781.jpg [View same] [iqdb] [saucenao] [google]
21306443

>>21297798
>wake up
>put gym clothes on
>gym
>leave gym
>check chart
>shower
>go to work
>check chart
>go home
>check chart
>play with dog
>shower
>eat
>sleep.

>> No.21306488

I'm at break in amazon with 50k links I feel the same

>> No.21306489

>>21306366
No need to be mean fren, I know I’ll still make it.