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01-16-2018, 02:29 PM
^^I completely agree. But at the end of the day, $50K is a LOT of stress and worry off your back, and allows you to re-invest in another start-up, real estate, or something that gives you more control. Crypto is just a nice stepping stone IMO.
I'm running a business and now a small crypto portfolio, and I'm shocked at the growth that some people are achieving through crypto alone.
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01-16-2018, 02:40 PM
I would rather have the 50k from Tron then 500$ and respect from anonymous RVF posters.
"Especially Roosh offers really good perspectives. But like MW said, at the end of the day, is he one of us?"
- Reciproke, posted on the Roosh V Forum.
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01-16-2018, 02:46 PM
On a day like today where my portfolio decreased by about 25% I am happy that I still have a second business which is doing well enough to pay my monthly bills and gives me the opportunity to enjoy a great location independent lifestyle.
Crypto should be seen as something that could potentially make you wealthy if it works out but could also crash massively within a couple of days or weeks.
Everyone who is thinking about to leaving business ambitions aside and fully focus on crypto i can tell right away that spending two or three hours on crypto a day is more than enough. If the market is crashing it does not matter what coin you have you will lose. If the market moons all coins will moon just one a bit more than another.
So better work on your main business and see crypto as a lucrative side hustle.
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01-16-2018, 05:02 PM
If you can create a Shopify/Amazon FBA business which nets you 500$ / a month from scratch, that is way more valuable than earning 50k off a shitcoin.
You can easily sell that business for 20-25k on EmpireFlippers. With that money you can use it to build a couple of more businesses and replicate that success.
You dont need skills to make money from shitcoin, just luck. Because you are not investing based on fundamentals, you are just investing in the hopes that the price will rise.
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01-16-2018, 06:32 PM
The bitter no coiners are out in force today.
Hey guys, if instead of buying coins you spend your time fucking supermodels and raiding ancient tombs for gold, you can make a lot more money and have a lot more fun. I won't tell you how to do this, just know that comparatively, you're wasting your time.
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01-17-2018, 02:22 PM
^^ Online businesses, especially stores don't typically sell at multiples like that 1.5-3x would be more likely....unless this market has completely changed in the last 12 months anyway.
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01-17-2018, 04:40 PM
^^ I get your points but a lot of these people are treating crypto as a business, and trading/researching full-time.
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02-02-2018, 05:45 PM
I got involved in late October with Bitcoin only, then in mid December starting putting money on altcoins. Made some ridiculous profits on some small investments - around £100-200 per coin. XVG made me like £2000 in the space of 2 weeks. Mental.
I've then increased my day trading pot quite ridiculously in the space of about 2 weeks in mid January, but now we have crashed.
I'm waiting for the next alt run. I'll be at my computer non-stop taking advantage of the situation. I'm aiming on reaching a minimum of 50 BTC by the summer.
I was quite conservative when I first got into crypto, thinking that if I could make 50-100k in 2018, that would be great. I'm shooting for a million by June. Then, £10 million.
So, in a way, crypto has pushed my ambition further. I've been trading forex on a demo account for over 2 years waiting until I was consistent enough to go live.
Now, I'm live with crypto, and that experience is absolutely golden.
I went from searching for 100%+ home runs on a single trade (a la XVG and TRX), to compounding small, daily gains. This is a much better strategy and is yielding me some great results.
By the time I had started this strategy, it was harder to find something that would make 20%+ gains in a day due to the market dropping. Had I done this strategy from the start of December, I believe I would have handed in my notice by now at work.
As such, I am where I am, and am better prepared for the next alt run, which will surely come. Even if it doesn't, I have performed well in a bear market, making 10-20% gains a day and believe this is sustainable.
I've never had much conviction before when I've told people of my ambitions in other areas, but in crypto I say it loud and proud now that I am aiming to be a millionaire this year. And I truly believe it will happen. There are plenty of examples of people doing it.
My 9-5 job is killing me. I have lost all motivation for it as a result of all of this, but it is what it is. It still serves a purpose and I have a solid plan to get out. It feels like a matter of time.
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02-02-2018, 09:24 PM
^^^ It is posts like this that assure me this bull run is over for at least a couple of years.
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02-03-2018, 02:04 AM
Maybe there's not going to be a bull run for a couple of years, maybe there's on around the corner. I don't know. I prefer to look at things a bit more logically than a finger in the air or "because my gut says so".
There's a lot more interest in crypto these days, and it's quite plain to see that big banks were helping to crash the price of Bitcoin and are now suppressing it in order to get in as cheap as possible themselves. That suggests to me that soon enough, they will be putting a lot of money into the space, which will have a knock on effect with the general public.
Will it happen sometime soon? Who knows? I personally wouldn't be surprised to see a period on consolidation on Bitcoin.
Either way, as I said, I have made gains while bitcoin has been crashing. There are plenty of coins that have been outperforming Bitcoin and offer good opportunities, you just need to be able to do the right research and use the right tools to find them.
There are also plenty of coins making 20%+ swings a day which I have capitalised on.
I'm not some trading noob that believes I can just chuck money at this thing and watch it grow. I have a day trading strategy and have grown a 0.05 BTC trading pot into 0.82 BTC in 2 weeks while the market has been tumbling down.
Current trajectory is good on this basis, and even better if we get a bull run sometime this year. It may not be sustainable after all, but my logical outlook on it gives me confidence.
Each to their own though.
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02-03-2018, 05:42 PM
So you turned 500$ into 8000$, and now saying your target is a million?
If you make it to 50-100k you will see that this strategy is not sustainable with smaller coins which have low volumes.
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02-03-2018, 07:36 PM
Yep, fully aware of the volume issues. I mainly trade the higher volume coins anyway but there are still strategies for spreading your position across a zone where you can get a larger amount of BTC into the market.