Thread 60783699

i've just hit $1.3M, now what?

>>60783699 (OP)
get a 5x then peace out

Shove it up your fucking dickhole

>>60783699 (OP)
now retire.

>>60783699 (OP)
buy a high quality four some, cream all the chicks, then kys.

>>60783699 (OP)
Keep dca'ing till 5m.

One million in boomer ETFs and 300k on your most promising alts

>>60783699 (OP)
Gamble an infinitesmal fraction of it on Solana shitters.
Also jannies are extremely gay and ineffective.

>>60783699 (OP)
Keep working and investing until you have enough to stop working even if there's a 60% pullback.

>>60783848
>Solana
No

>>60783725
Kids in a sandbox... very kino

>>60783702
the stock community is much like the mechanical keyboard community. There is no "endgame" you will always keep playing

>>60784585
I'm scared of this. You need quite a lot of money to really feel like there's no risk left. $2M in stocks can easily become $1M and uproot whatever comfiness you had within a few months in a market downturn. Even quicker in crypto. It honestly feels like you need about $5M+ to survive anything.

>>60783699 (OP)
>7 figure hell

Congrats for making this far but now the real hurdle begins. You are considered rich by normie standards but not rich enough to actually enjoy the rich lifestyle. Either accept middle class NEETdom or climb the final mountain

>>60783699 (OP)
Ath of a coin you used to hold if you went all in but you didn’t actually doesn’t count. Your portfolio extrapolated to a “conservative” price prediction of 2000$ xrp also doesn’t count.

sell it all, block 4chan, forget crypto exists, engage in meaningful relationships and secure generational wealth and health for your family

>>60784585
>>60784607
https://www.youtube.com/watch?v=VUBxesLj9w0
Fully underground bunker city or bust

>>60783699 (OP)
You sell.

>>60784909
Low 7 figure hell is an extension of 6 figure hell. BIG difference between 1-2M and 7-8M.

Low 7’s you’re still a slave, but you have some security
High 7’s you’re free

>>60783699 (OP)
Sell it all and buy Chainlink.

>>60785809
I hate how true this is.

>t. low 7's slave

>>60783699 (OP)
just hit 2.1m bro, cashing out in the next hour

peace!

>>60785809
High 7fig hell is annoying as well. I'm a $6milcel almost at $7m, and honestly, selling just means I pay a bunch of taxes that the government will give to immigrants to rape and pillage my country, and then what? Yeah I can live a decent upper middle class life, but I want the real deal. $50MM+ mansions, private jets, yachts, ain't doing that in high 7fig hell. It's over unless you are low 9fig

>>60786010
>It's over unless you are low 9fig
Have you always felt that way, when you were in 6 figs?

I plan to sell at 10M but that is after I moved the goal posts from 3M which had been my goal until it was within reach. It's never enough meme is real in my exp.

>>60786081
yeah it just keeps moving. I've been holding since 2013. At first it was 100k is enough, then 1m is enough, then 5m is enough, etc. I am probably holding all this money until the current economic system collapses or all crypto essentially goes to 0. In too deep.

>>60783699 (OP)
>>60783699 (OP)
>too much to not care
>too little to do anything meaningful
such is life

>>60785848
Website?

>2x from 8 figure limbo
I'mma just put stablecoins on AAVE and live of the gibs until the deep bear if I hit 10M.

>>60783776
So TQQQ?

>>60786266
And HBAR?

>>60786258
microsoft dot com slash en slash microsoft-365 slash products-apps-services

>>60786010
>>60786081
curious how old you guys are with this net worth. Is it just smart investments over a long period, or you work at FAANG companies or something making high salaries?

I am a Software Engineer and I own 50% of my business with 11 people employed (other 50% owned by my partner), it makes good money, but I made my wealth off the ~$4k I invested in BTC back in 2013, with me buying other cryptos over the years as well.
Spoiler: every single crypto I held except BTC or ETH are down 90% if not 100%. I could've had a bunch more money if I sold all that crap at the tops, probably 3-4x what I have now.

>>60786322
30, 31 in fall

>>60786322

im 34, bought btc in early 2013. sold 95% to buy a house in cash when it popped off later that November. dumb kid with dumb money. many such cases. didn't know what i had.

would've had 8figs like the other anon itt if i had held, but fell for the tangible meme. oh well. i wouldn't fuck with the timeline. got a wife and kid now and wouldn't trade that for more money. dating after reaching 8figs seems sketchy. id probably go the leo route and cycle girlfriends with the halvings. thats my cope anyway.

i am waging a normal wagie job for 100k/yr and dripping BITO so i'll have a cash flow when i'm ready to get off the carousel in 10 years or so.
i'll probably fall off once the divvys are more than i take home from waging, it's close now and i'm already getting the itch. it's bull season though. i'm not quitting until i see how BITO does through the next bear.

there was a dividend thread that just got pruned you can probably find it in the archive if you want to know more about it

>>60786377
good job man, I'm actually the same age, I turn 31 in september. But I'm a europoor so idk when I'll even reach 7 figs. Do you keep BTC/ETH for long term? Thinking of DCA'ing into them long term along with my stocks

>>60786403
godspeed anon and gg, I'm from the EU so dividends get taxed here. When did you start investing?

>>60786322
>curious how old you guys are with this net worth. Is it just smart investments over a long period, or you work at FAANG companies or something making high salaries?


Anon, they're lying

>>60786431
divs are taxed here too. i don't mind paying them from my salary. it keeps the cost basis of the position close to spot so if I ever wanted to swing into another vehicle it wouldn't incur much capital gains. going to probably swap for YBTC when I decide the top is in this cycle.

i started putting money away after getting my first summer job when i was 15-16.

>>60786443
ok bud

>>60786010
I guess it’s different if you have high 7 figs well diversified vs 100% in some crypto shit that could rug any second.

If it’s in a volatile meme coin that just did a 100x you probably should cash out all at once and realize a huge gain in one year putting you in the top bracket.

If it’s in a mix of SPY, real estate, blue chip crypto then just leave it as is and adjust cash holdings based on risk tolerance

>>60786466
thanks for the info, made me think. I actually make like 115k/yr converted into USD but I should've gotten more serious early.

>>60786418
im a europoor as well, why do you think I said my taxes will literally go to immigrants raping and pillaging my country
i have no clue, i dont think you guys understand how ridiculous it is to see btc at 120k when I first bought at like $500. The dream back then was seeing BTC at 10k. All this was predicted on bitcointalk back in like the 2010s though, I just believed the schizos on 4chan finally sometime in 2013, and held since.
if i ever decide to sell, ill probably diversify into getting more stocks and buy btc etfs and just to get away from being a schizo about keeping my holdings safe constantly.

>>60783699 (OP)
now you can die in peace knowing that you were a good goy

>>60786511
Oh I can imagine, anon. I remember fall of 2017 when BTC first reached $5k. Did not buy though as I was a broke student at the time.

>>60783699 (OP)
>>60785710
>>60785778
don't sell without realizing you will owe the capital gains taxes.

>>60784607

Real estate solves this.

If you choose wisely, the risk adjusted returns can be nearly as good as crypto/stocks, but with much lower volatility.

>>60787266
what's a "risk adjusted return"? anyway i'm not sue this is being very honest because of the amount of fees involved in holding and transacting real estate, and its illidquidity.

>>60786322
>Is it just smart investments over a long period, or you work at FAANG companies or something making high salaries?
Both. Graduate from a top 50 college with a useful major (econ, compsci, statistics, engineering, etc.) and a high GPA, polish your resume, practice interviews, and get hired for some white collar job at a big company that everybody's heard of. Try hard to get promoted in one year.

Then, every 2 or 3 years, branch swing to a better-paying job with a fancier title at a different company that everybody's heard of. By the time you're 30 you'll be earning $200k+ and you'll have a very nice resume.

When it comes to investments, look for opportunities to invest in stuff that everybody is going to know eventually, but not everybody knows yet. I risked $2k on Celsius energy drinks before anybody had heard of them, and now they're sold everywhere (and my investment has 15x'd). I'm up 25x on Nvidia. And I'm up 120x on my bitcoin investment. Obviously I never would've earned those returns investing in dividend stocks and index funds.

>curious how old you guys are with this net worth.
33 years old with $2.3 mil

>>60787303
risk adjusted returns is a big fat cope made by poor people / smart people scamming poor people to feel good about their 4% returns, getting absolutely assblasted by index investors every year

>>60786010
I hope by 9 figures you meant 9 zero's. Anything below that is poorfag cope.

>>60785809
Truth, 10.6BTC, I'm still having to wait another 1 or 2 cycles

>>60783699 (OP)
buy silver eagles

>>60783699 (OP)
Now is when you start buying businesses, or start one yourself
You have to find a source of income that is yours alone, that's the first thing I'll do as soon as my bongo cat and my dogs reach their peak

>>60787313
Sounds kinda larpy if you only got 2.3 million with all that success

>>60783699 (OP)
can you explain how you did that? i have only ever lost money 100+ times in a row, no joke

if you guys are seriously millionaires can you tell me what exactly you did to get there? stocks? crypto? business?

i first bought bitcoin in 2011 but proceeded to be the victim of every exchange hack, starting with the infamous Mt Gox. i would have $7,000,000 if all my hacked bitcoin wasn't stolen, i did the math. instead im living in a collapsing trailer with $0 savings... i did everything right why god why

>>60789748
Well I didn't tell you about all my investments that crabbed or went to zero.

However, because I never invested more than 5% of my net worth in anything, the investments that crabbed or went to zero didn't wipe me out.

But the flip side of risk management is that when you hit a 100x, you don't 100x your net worth, because you only invested 5% of it.