>tfw only need a 5-10x to make it
I started with 15k earlier this year, this pretty surreal bros. What’s your strategy when you hit a mil? I was thinking about cashing out like 100-200k just to have some comfort then leave the rest in to keep investing and growing
Need to start working on a strategy myself. Just crossed the 100k mark and have never had this many shekels and really can't even think of how to spend even this much.
I started about a month ago with 1,500. I haven’t gone up much, maybe 200 bucks. What am I doing wrong?
if you have 6 figures you've basically already made it, just park in one of the big 3 (btc, eth, link) and exit when msm hype begins again, or hold through and wait a couple more years for bounce back.
Go All in on BAT
But I’m already all in on linkies
legendary advice lmao
>has already 10x'd
>hasn't sold and left this place forever
You will regret
I only need a 2x or 3x (for LINK).
Getting kind of tired waiting on it desu
Sorry to tell you this but money isn't worth much anymore. You need $10M to make it.
Everyone is getting hilariously rich on stocks (crypto is small). Once people start cashing out expect double digit inflation - for years
just took out a bunch of cash from what would be considered nothing. going to hit up random shit with at least 40% of it. it wouldn't be prudent to just convert it all to cash
Well start is maybe the wrong word, I’ve been in crypto since late 2017 and had 30k before the covid crashed my portfolio down to 15k. I’ve just been following where the money is going and hopping between various defi and polkadot projects depending on the news/sentiment at the time. Whenever I do short term trades with Uniswap PnD’s I don’t get too greedy anymore and will at least sell initial at 2x. Stuff like that. You get way better at learning the markets with time. I was a fucking noob at first and didn’t know what the hell I was doing. Turned 10k into 50k then watched it crash back down to 5k. You live and learn.
17k to 400k this year with defi scams, what do we do know fren
Checked. This is a BAT thread now
Don't FOMO into stuff. If you see something is already pumped chances are by the time you get in it's gonna dump, especially if it's being shilled on Biz by that time.
Research a token you like the sound of, read up what's coming out for it soonish and place your bet.
Most importantly, if you really believe in it, hold, don't keep fomoing into other shit at the top and costing yourself fees
I started around the same time as you with about the same amount of money and I'm up 15x
based and redpilled 50% LINK/ 50% DOT holder. we'll get our 50x in no time, don't worry.
This.
This is good advice. Last week I started looking into recently added coingecko coins and researched a bunch of projects. I decided to get in on Yfv at $14 and dexg at $100. Good gains so far. Either do the research and get in early or buy the dip. Never fomo.
You should probably consider taking some profits. A lot of people made $100k+ from pocket change during the 2017 bull run, never took profits and lost (almost) all of their gains.
If you're in a first world country then you need $1.5MM+ POST tax to make it. It's really not worth it to try to dodge taxes if you've already made it (you won't be able to reinvest in other assets AND you might get caught). $1.5MM is $45k/ year at a 3% withdrawal rate. That's enough to live a comfy life. Especially if you have some other income on the side.
I'm at around $1MM. 8% crypto, 80% stocks and 12% cash. I save 50%+ of my income. I plan on buying a cheap apartment with the cash soon. If markets don't crash hard then I'll probably make it to my $1.5MM goal within 2-4 years.
SOXL
>park in one of the big three
>LINK
imagine the delusion
>180k
Where's the rest of your bags?
You need to learn to LARP like them
> really can't even think of how to spend even this much
And you shouldn't. That's a poorfag mentality. No one who is wealthy (and doesn't go broke) fantasize about how much consooming they could do with their millions.
Instead, think about you net worth in terms how much passive income it can generate. If you don't want to spend your initial investment and you have a moderately risky portfolio (mainly real estate and stocks) then use a 3-3.5% withdrawal rate. In other words, you should think of your $100k as $3k-$3.5k worth of consumption per year pre tax.
BTC is going to 100k within 2 years. Why not just all-in on that and retire now?
I couldn't imagine holding almost 90% stocks during this clown bubble the nasdaq is in right now.
t. $1.1MM post tax net worth, 90% BTC/ETH and 10% metals and miners.
all in unitrade, then retire
Its a top 5 coin now are you retarded? 4 If we don't count tether. Its absolutely one of the big 3
>$1.5MM is $45k/ year at a 3% withdrawal rate. That's enough to live a comfy life
that's $3750/month AHAHAHAHAHAH where do you live to call it comfy?
Congo?
Once you hit a million you can do what other rich folk do and diversify 3/4 your funds into the stock market. You'll make probably 30-50k monthly as play money and use the last quarter to keep trading if you want.
Yeah, this is important. Diversify into the market AFTER this clown bubble pops
All in Chaincoin.
It will rebound.m
That's a middle class existence anywhere in america outside of coastal property bubbles. I know you think lambos and escorts are middle class, which is why you'll never make it.
Right now if you wanted to almost guarantee a 30-40x in the next cycle peak you could buy some combination of
LINK
AAVE(LEND)
SNX
YFI
DMG
Also some of your portfolio in yCurve liquidity pools and 10-20% of your LINK holdings in yLINK vault. Honestly even 10K USD now would probably make it in the next 3-5 years probably closer to 3
Maybe add in these two if you want to be a bit conservative
ETH
BTC
They wouldn’t all fit, I have like 20 coins right now. Various defi and polkadot projects along with some others.
Yea rural Ohio its definitely doable.
this guy is right
this guy is an idiot, moderately risky portfolio in RE and stocks?? he has fucking crypto man, he needs to cash out and buy some RE
I have almost exact same amount as you, had only 7k in June. Trying to lower risk and move more funds into defi, but..
I AM A GREEDY FUCK AND HAVE MOST IN ETH, EVEN "HIGHLY" LEVERAGED ON AAVE
Just hope that If we run into a bear market net worth drops below 100k, I won't try to gamble it back up, pretty sure I won't..
In most of europe you'd live a comfortable life
In eastern europe you'd live like a king
>america
topkek so you make it and plan to stay in that shithole clown country?
ngmi
Texas baby
Because I don't believe BTC is guaranteed to reach $100k within 2 years. Far from. I'm still bullish on crypto, but I just don't want to risk it when I'm this close to my goal. I wouldn't be that surprised if BTC dumps to
>In most of europe you'd live a comfortable life
like what? Germany and Switzerland are the only place worth it. And with $3750/mo in Switzerland you're poor.
>Makes 10x initial investment
>Swaps 100% of gains into a shitcoin
>Shitcoin tanks
Congrats you now owe the IRS ~$60K.
Think before you ruin your life OP.
>USA
>comfortable life
pick one
i live off of less in Los Angeles, really awesome apartment with my cat and gf. Cozy af
HAHAHAHA I literally made 400 euros my first day
show receipts.
This is only true if you live in a shithole country.
>AAVE(LEND)
>SNX
>YFI
>DMG
>Also some of your portfolio in yCurve liquidity pools and 10-20% of your LINK holdings in yLINK vault.
These are all retarded dedi bubblecoins that could jenga to zero at any time. It's a house of cards by design and while it's fun to gamble and yield farm and whatever, it's far from the safe 5-10x that a person with six figures should be looking for.
Two words of advice: PRQ, XCM
Poland, for instance. A really pretty country, decent people and culture, some great looking cities. And at $3750 a month you're looking at a worry free life since living costs in eastern yurop are just laughably low
Where the fuck do you live? Rural Ohio is amazing. Especially the people. I grew up there and go back to visit all the time. Even 1 acre of land in the middle of nowhere and enough money to become truly self sufficient you will be more than fine. Energy, water, some crops, chickens, go fishing etc.
>link not ranked #1/2/3
>ranked 4th or 5th
>idiot refers to it as a big 3 when its not in the top 3.