Why do so many on here say that 1 million in crypto/stonk gains is not a lot of money?

I bet you anything that making 1 million in the markets would be forever life changing if properly invested. Hell even if you paid cash for real estate and never had a mortgage, that would be a game changer. So why the fuck do people say 1 million is nothing?

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nerdwallet.com/blog/taxes/capital-gains-tax-rates/
twitter.com/AnonBabble

poorfag spotted

Why do you keep shitting up my board by posting trannys and stupid ass questions every single day?

Sage and notice how op abandons his thread except to reply to me for being called out

Jannies need to ban this faggots ip range

1 million is literally nothing, need between 5-10 to make it

are you in the US
do the math
read the threads bro
your consistent annual return on that 1M is limited by the available investment vehicles

that's a man

Dude, everyone on this board has at least 40 Mill from the crypto boom, poorfag.

you said it yourself, if you have no mortgage and already bought a house then 1 million is enough to never have to work again. in reality this means you need like 1.5 million.

Fuck you ass clown. Its a legitimate question. You faggots keep saying that 1 million isn't enough yet you celebrate your 10 dollar gains you maid off of MVIS penny stock.

I will say it only once for youOP:
The "1 million is nothing" is a psyop so you don't cash out when time comes and keep being greedy.
It's the exact same as "you can't cash out" back in 2017-2018, people were spamming this on newfags to convince them to hold the crash while they were exiting their positions.

you'd still have to trade but taking a few % profit is enough to live off

You’ve made this thread and 500 other threads you’ve abandoned with dumb fuck questions. Get the fuck off my board you tranny lover

>sell 1M in crypto in US
>800K after cap gains in a tax free state
>700K in communist california
>5% market return
>35,000 poorfag salary below US average
>-10% market return
>eating your seed corn
try again

If ((1M-taxes-house)*.03)>your annual expenses, including savings It works but if not, not.

Note that for a single man with no kids in cinncinati that equation may work. For a married stock broker who lives in the UES with kids it will not. “It depends”

Whale here, I make 4 million usd a month in passive income as a hobby. Fuck you money means you can tell governments to go fuck themselves, not your dad.

because larps like this make them feel special.

what industry are you in? coding? software engineering? I mean you only make that kind of money with a stem degree

schizo boi, why don't you respond to the point?
For the short term I agree with OP, but medium and long term there is enormous pressure to build a centrally planned system where private property may no longer be legal for common people like those who post here. See also the WEF's Great Reset plan (= accelerated, ramped up UN Agenda 21 / 2030).

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Thats someones son

Is crypto zero sum? Like if you make $1,000,000 does that mean somebody else has to lose $1,000,000?

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Crypto is just a scam that autists play to pretend they can cheat the real currency and the petrodollar. All of the little shitcoins are like giving your money to a scam artist and waiting for some huge return like a retard.

He's definitely a welder.

It's because there are anons in here that are multi-millionaires. To them, 1mill is peanuts. imagine that you do have a mill now and what you can theoretically receive from sound investing. Now, imagine you had 70 mill and made the same investments... the latter version is paid in larger dividends... get the picture little boy.

no
a large component is value creation

Can you explain this to a brainlet then, how is it created? Where does the money come from if not losses of other investors?

>little boy
Im actually a woman with a penis. My tits are fully grown now. YOU don't know shit about a damn thing. How many people with a 70 million dollar net worth are posting here realistically?

spend time understanding how an order book works
if you hold a token at $1 and suddenly bidders are willing to pay $10 for it, nobody has lost money but the market cap has increased tenfold. UNDER NORMAL CIRCUMSTANCES, presumably much of this is value creation; and it should be connected on the other side to actually providing value to people in some new sense

compare a betting market. if you bet on trump to win your counterparty loses money in 2020. this is zero sum. also why the book is different for online betting

Stopped reading after woman with a penis, please shoot me an email at [email protected] and we can work out a time and place for me to suck that bad boy and swap semen smaller cock rides first

user we have had this discussion many times before..

5% yield on 1M = ~50k annually (pre-tax)
About 40k post tax (optimistically, usually higher than 20% pretty much everywhere)
40k / 12 = $3333 (monthly optimistically)

3k a month won't get you much and specially not if you live in a big city center. It's enough for a neet lifestyle but not much more than that. Enough country-side or in suburban areas too.

Now, if you double all the digits you get 2M and 5-6k a month - now THAT is livable.

You're being optimistic at 5%. interest rates are nearly negative.

holy shit your fucking deranged
go back to your containment board you fucking retard

this
like i said before at you'd still need to trade to get those percentages, but you won't really have to take any big risks anymore

how about you go back to yours? at least she is posting on-topic

No
It also wastes electricity and burns through processors

>About 40k post tax (optimistically, usually higher than 20% pretty much everywhere)
bro. check your cap gains brackets
should be 48,500 not ~40k
nerdwallet.com/blog/taxes/capital-gains-tax-rates/