I made $175,000 in crypto this summer. Thoughts on how I plan to spend it?
FUN STUFF
* Epic Condo - $80,000
* Used Porsche 911 - $25,000
* 4K Alienware Computer - $3,000
* Candles - $5,000
* BOSE Sound System - $10,000
PORTFOLIO
* 80,000 IOTA - $20,000
* 5,000 Lisk - $10,000
* 85,000 ARDOR - $12,000
* 170,000 BAT - $20,000
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Fucking prove it shitcoin bag holder.
candles???
>80k condo
Why not just buy a house ????
Porsche, and I'm gonna bite my tongue about the alienware
Reinvest it
>fun stuff
hahaha, good stuff
First time at the winner's table, eh kid? Let me help you out with all that food on your plate.
First, 2.5% goes towards house fees to convert to USD.
>170,625
Then 30% for the taxman, he calls it "capital gains."
>119,438
Not quite done yet. There's the matter of income tax. You don't seem very bright so let's put you in the shallow end at 15%.
>101,521
Yep, not quite what you were expecting it to be now was it? Haha, yeah I'd call back the waiter if I were you and cancel that desert, you will need to pay for the cab ride home tonight ;)
>paying capital gains and income tax on 170k
try again kid
>taxing the same money with both capital gains and income tax
are you serious
Take a big part of that money and invest it into something slow, yet much more stable ("real business"), take another big part of that money and continue playing crypto with it, spend a couple grand on bitches and blow you nigger.
>ALIENWARE
No, buy MSI you gimp, alienware are absolute trash, I have a 5k alienware and it's a piece of shit, damn thing has a dead pixel, and the fans SPIN LOUD AS FUCK WHEN IT GOES TO SLEEP.
Not to mention I know a ton of people with issues, they're rat shit.
I sell MSI at work, and they're amazing.
> candles $5000
Literally why the fuck, I'll burn your money FOR you, no commission,
>not tipping the tax man
It's like you're TRYING to get audited
>double taxed on gains
idiot
No income proof. All u can is fuck yourself beggar.
What country are you in?
US cap gains tax is 15%.
$175k? Meh. Let it sit 1-2 years and wait for the next crypto rally then we can talk.
Why not just reinvest that shit and add a few more 0s to that number faggot
in front maybe LOL!!!
80K for a condo, a 1BR condo in a shit area is 145K here.
>Epic Condo - $80,000
not sure if such thing exists on Earth m8
Hahahahah you thought you were clever but your a fucking retard
He probably means renting a condo for 1 year
>* 4K Alienware Computer - $3,000
Build your own PC with $2000. Same performance, and more personal satisfaction. Alienware is overpriced af.
>* BOSE Sound System - $10,000
With $5000-6000 you can build an "audiophile" system. Invest $2000 in room acoustics, because it is more important than you could think.
The $3000 that you saved... send it here if you feel generous:
BTC: 1Fpi2x5FQnSVUheQqpod2RFNtdP5DpbC2k
What would you all smart asses do then if youre so full of the answers
Also, what do you mean when you say "Candles"?
>iota
You lost money all year on this.
invest in cloning research and clone yourself so now you can fuck yourself in the ass
OP,if you're not larping, are you feeling generous of a poor collegefag that makes 250$ a month?
yeah there's almost no way OP made money on IOTA this summer
I don't want to bore you but, if you are going to get a high-quality audio system, remember to use high-quality audio files:
Here are some free samples. 24BIT/192kHz is what you want.
2l.no
>candles
i appreciate this dril reference user
>Used Porsche 911 - $25,000
don't buy a car annon use the wealth to disappear
For $175k? I'd pay off any debts I have and invest the rest in dividend-paying stocks and open a Roth IRA. Also keep some cash on hand for playing in crypto.
Or, you know, you can burn it all like you're nigger-rich.
How high do you think BAT will be? Sell me on BAT please
That's cuck tier. Stop investing like a retired billionaire or financial institution when you're poor. You have many more available options.
I'd throw 100K into my business and 75K in savings/bonds so I can buy up cheap assets when the opportunity arises.
If OP is blowing money on a Porsche, I doubt he has the financial sense to run a business.
Take all of that, transfer to fiat, put in dividend reinvestment account and live off dividends for the rest of your life. If you want to keep trading coins, stocks, etc, do so with 10% approx of funds. Congrats user, you won life.
>not buying candles low and hodling them until an EMP bomb hits and everyone's electricty goes out and the value of candles moons.
Fucking amateurs ITT
why make a brag thread? 175k is nothing
theres millionaires on here you know...
You wont make that much with only $175k.
Yeah, but millionaires never deliver btc.
>80k
>Epic Condo
Lol
>BOSE Sound System - $10,000
bose is garbage.
>Candles - $5,000
what. Like normal candles?
eh no. You don't pay capital gains AND income tax. You pay one rate or the other on your crypto gains. Before a certain threshold, your short term crypto gains are taxed at your default income tax rate
Sure, if you hold long term and make 90k+. Read above. Short term capital gains can be as much as 35%.
>alienware computer
lmao enjoy your overpriced piece of shit
Looks like you have no idea how to spend money.
BOSE kek
>make $175,000
>spend it like a new-rich black guy
>be poor again
Abject fuckin retard. Keep something over 100,000, reinvest the rest. Some gold and silver too, don't have every dime in crypto.
lol @ 80k epic condo. Enjoy Indianapolis flyover fag.
And state tax boy
my uncle has those speakers and god damn man...
Cool story bro