Thread for those who have /Made It/

so needless to say im out of crypto for the forseeable future, metamask is empty. Easy come easy go right?

Gambling is rough and is never a path to making it (almost zero exceptions). I went through my own phases early on of losing money doing stupid things, trying to short in a bull market or just flat-out gambling. Eventually I learned more and these things stopped as I gained more discipline and focused trading on a weekly or monthly timeframe, rarely daily.

Well the actual intention is to just toss $100 at day-trading, buy during dips, sell at ups, repeat several times, until I've got enough money to move up to long term stocks.

It might be better (for what you're doing at least) to just do options trading/gambling. With the way the market is, buy some calls after we go down and wait a few weeks on some really promising tech stocks like Micron or Netflix or even SPY would work

Looking to /make it/ through stocks and then move onto something else, no intention of stopping at any point in life for anything else. Do you have any advice for a newfag such as myself?

yeah man I really dont know what the hell I was thinking, there really is no reason to be even entertaining the idea of coin movement day to day with so little capital anyway, I was just really salivating of the thought of a quick double to pay my bills. patience is a virtue, also I do a lot of crypto decisions while fucked up and that makes me way more cool with gambling shit away lol

>Crypto was supposed to destroy the need for banks and fiat money
>Majority of the people getting into crypto don't believe in the tech, and only want to flip it for fiat money and get rich quick.

Attached: 1518486185276.jpg (480x640, 59K)

So avoid crypto all together? I've not enough money to make stocks worth while though is the problem.

>I would love to give out tips on what made me successful
>The most important 'traits' are to be lucky and have money to start with
Real insightful user.
But seriously good for you. Will you ever get back in again?
You have any favorite alts?

>he thinks LINK wont be 50$ EOY
youll learn...

I liquidated $500k of my stash a while ago, don’t know why anyone would want to leave the game completely

true.

>If you haven't made it, how close are you, and what would it take for you to make it?
I don't have a "make it" mindset. I just want to be part of the next big tech by investing in it.

yeah see when I gambled all mine away it was actually in the hope that getting lucky on the one gamble would give me a better point to try and actually make money investing in different coins I saw potential in. LOL swear I was pretty good before that too I just did it on a whim one night and kicked myself since haha

I've been self employed in college. Not great money, but enough to cover my bills and have some left over.

Boy did I learn quick how much I despise consumerism. Thankfully, I burnt my hand early on the stove and have been way more disciplined with my finances.

It was to the point where I was buying drinks for friends, hell, even people along with other bullshit expenditures. Don't get me wrong, it's fun to do that but only when the time's right and with the people you truly care about that you know won't be gone in your life years down the road.

For me, making it is similar to you. Just getting as much capital as I can early on in my life so that I have 'fuck you' money and not worry about some asshole middle manager or whoever in the backburner of my mind. I want to get up every morning for my own accord and not because I'm a slave to pay off a debt leading to me faking a personality and keeping my head down to pay shit off. I've found that I am getting closer to this when I've cooked for myself, buy used (but good quality) shit amongst other things. The results are astounding.

For whatever reason, with all the advertisements we've probably seen, even if you don't think it they're instinctively programming everyone to BUY and you get a dopamine hit when you spend. It's pleasurable and you don't know why.

I love crypto, but I cannot retire with it. I do believe in and love the technology, but I also believe that governments will regulate what they can, tax what they can, and stop what they can. Best case, they may try an approach like en.wikipedia.org/wiki/Embrace,_extend,_and_extinguish.

The other issue is that people should not be their own banks. Someone like me might love it, but most people will end up getting scammed one way or another. Imagine your grandma having their retirement in Bitcoin. It only takes one trick for them to lose all of it and never get it back, and they definitely don't know what a private key is. People managed to get scammed WITH banks, checks, Paypal, and so on. They cannot handle cryptocurrencies with their intended nature.

I hate regulations as much as any of you, but the truth is is that the world cannot function properly if everyone used Bitcoin. People need safeguards, insurance, chargebacks, government-controlled inflation, fraud protection, taxes. Crypto is amazing as a payment system and an amazing decentralized technology, but it is not ready to take over the world. Maybe some day, but not today.

If you're worried about comissions you can try out RobinHood, no comissions. If you like crypto more and think you trade better in it, then do it though, to each his own. Starting with a small amount of capital will be difficult regardless.

I have some left in crypto. It's currently sitting in a short position on Bitcoin. I still intend to use crypto for payments actually, but I cannot afford, emotionally, having 90% or even 50% of my money in it anymore.

I mostly tried that too at one point, but it rarely ends well, even for those who win. If you think cryptos are addicting just try crypto gambling.

(post length limit) but 1M in the stock market at a young age will easily turn into 5-10M+, very liberating if you save

This. You haven't made it OP. You are going to be scrounging around in trashcans for food when your worthless fiat currency is finally kaput.

Yeah, both a youngfag at 16 and a newfag here so I've probably got enough time to snowball $100 into something worthwhile. Crypto looks like it flips faster at least.

How much did you start with?

How much money do you spend on escorts per month?

Attached: iXFT3vY.jpg (3024x4032, 566K)

I haven't made it (I didn't get in early enough). But I did get in early enough to learn a lot about the tech and the patterns of the market and have a reasonable nest egg to fall back on if anything happens. This way, I don't have to worry so much (right now) about getting a job that I hate for money that I will spend on escapist things and vacations. Now I can work for myself for 11k a year (not including what I make from crypto trades) and feel okay about it.

wagecuck here.

turned $2,500 into $20,000 in 5 months (inb4 "that's not a lot"). i'm just going to keep building my positions while i have practically zero debt. i even have a new job on the horizon in my actual passion so things are way better than they were before crypto.

obviously 6 figures is the next milestone, but wealth accumulation is a lifelong process. i know by now that being emotional and letting FOMO take over is a recipe for losses

Attached: 96D3D7C5-9B5B-4336-B7B9-D2BFCC4838F0-657-0000013074899251.jpg (500x471, 17K)

If fiat currency completely fails, there will be larger problems for all of us to worry about.

It's better than nothing, and cultivating a saving mindset early on will be worth a lot of money. At only $100 you should do more than just trading and investing though, try being more innovative or getting a job.

I started with around $16K USD, when Bitcoin was $400 and Ethereum was $8 after the DAO. Cryptos mostly consumed my life since then, in ways more than just trading.

I've never paid for an escort or anything like that. I'd rather have the nicest steak dinner money can buy instead.

Working for yourself is definitely the best. It can feel just as liberating even if your salary is lower, and your happiness is more important in the end.

There's nothing wrong with 2.5K to 20K, and in fact that's amazing by any conventional standards. Keep in mind people would quite literally kill for 20K USD in poor areas.

Yeah I can't do too many hours due to being in highschool but I'm looking for a job to put more money out there, particularly into XRP, looks good.

>Working for yourself is definitely the best. It can feel just as liberating even if your salary is lower, and your happiness is more important in the end.

Yeah, I'm hoping that before crypto ends (if it does) that I can develop myself into something that is just as financially sustainable. (let's hope it's not any time soon!)

I don't consider this making it because it had nothing to do with my own actions, but here's where I'm at:

Multigenerational family business sold about a year and a half ago. The whole extended family got a boatload of money. The plan is to invest together so we get better access to institutional resources. We're working with advisers and stuff to figure out investment plans, cash flow needs, etc.

It's surreal, like falling into another world. Especially since my personal earnings are only like 60k. The family's having conversations about stuff like putting however much collectively into an institutional level real estate fund. Advisers are talking to me about earmarking 2 million to buy a house whenever I want. Some of my aunts/uncles are getting greedy, which is sad to watch.

on absolutely, it's a total biz meme that 10Xing your investment isn't a lot. i'm actually kind of hoping the market has a big dip one more time so i can pick up a lot of stuff cheap.

although any advice would be useful, i kind of decided i'm holding my bigger investments for a year. taxes are brutal.

If fiat becomes worthless America and all nation states will collapose and turn into chaos. Your memecoins will be worthless.

If you really believe that some massive irreversible economic crash is coming you should buy shit tons of bullets and perishable foods. That will be the currency in an apocalyptic America not fucking internet coins.

I don't think crypto will ever end. There will always be people using and developing it, and there will always be money to be made. Even in the last few months plenty of businesses, exchanges, and shorters (and even longers) have made millions. Just have to find the right thing at the right time.

Congratulations. Be careful with family and be careful who you tell. Also be sure to invest and take advice with a grain of salt, especially depending on how the advisors are being compensated. This is a good post to read despite the website that it's on: reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba4bf/

Taxes do suck. I was in the top bracket for taxes, and then I will go back into one of the lower ones later. But that's life. It could be worse, Bernie could have won and taken 50% or more of your gains (But can he still win!?!??!). I don't have much advice that's easy to convey except what I've said of patience, discipline, and enjoy the journey, don't become obsessed with greed.

What I didn't include in my top post is that I had 5M in crypto but lost almost half of it trying to get to 10 before the 'top'. I cut my losses knowing that if I tried again I could go broke. Greed is your enemy, not your friend.

I made it, but I didn't sell and now I definitely have not made it any more.

So, I guess, I didn't make it.

I have panic attacks almost every day when I remember how badly I fucked up and how that was my chance to live freely, and I didn't grab it. I may well kill myself this year.

1) making it means having 2 mn USD for me
2) i had 500k 2 month ago
3) making it means just spending a year or two travelling, then going back to work (i like it, just want to work with reduced hours)
4) crypto will boom again. total market cap will be >3 trillion USD, at the latest by end of 2019.
5) politicans at the moment have no idea about thei impact of crypto. central bankers however do. central bankers understand that it undermines fiat, i.e. undermindes a countries main tool for fiscal balancing after 2008: printing more fiat money
6) central bankers are already trying to shift the overton window that crypto is only used in illegal activities and money laundering. politicians will use that same argument to propose crypto "regulation" (read: an effective ban)
7) alas, its already too little too late. crypto is here to stay. if another equity market crash occurs in the next 2 years, bitcoin will easily go to 100k+

t. studied financial mathematics (MSC), worked derivatives pricing at a T1 bank and am now an asset management quant

thanks user. i can already feel the greed growing. i couldn't have dreamed of 100k last summer. now i feel like 1M is barely enough to live a good life. it creeps up on you.

How much did you lose by not selling?

Good thread op. Cool that you're so down to earth with your success. Maybe that's what it takes to achieve something, who knows.
I'll make it someday aswell.

For you guys that have actually made it. For somebody entirely starting up, how do you do your TA? How exactly do you choose what to buy and when to sell it? What would you recommend researching as a new person? How much would you recommend starting with? This seems like an excellent thread to ask in.

You'll live through it. I had that same thought several times. Unless you fucked up and got all-in margin called, you should have at least 6 figures or if you're lucky, upper 6 figures.

Losses hurt, and can hurt for a long time, but you will move on. I've had losses just like yours, and I stayed in bed for days and could think of nothing other than regret. Just a pure, overwhemling feeling of regret. Take it as a lesson that you were too greedy and should have cashed out at least a little, and move up from it, not down. IF you have decided cryptos aren't for you you could always put the money in a 3X leveraged ETF or something. Decent chance of doubling or tripling it within a few good years. Or you could just live cheaply and hold index funds.

Are you sure that investors would flock from regulated securities into Bitcoin in their time of need? We haven't yet experienced a time period like this, but the closest recent thing was the stock market crash a month ago, and it did not look very promising, although is nowhere near sufficient evidence. It is not a guarantee by any means, and would take a lot of stars aligning if you ask me.

It does, I've spent a lot of time among similar people, and I was included as well. I was amazed when I got to 100K. Then all I had to do was get to 1M. Then 2M, 'multi-millionaire'. Then 5M, 'multi-millionaire after taxes'. Then 10M, finally 8 figures. Soon I'd have a yacht and mansion and lamborghini, all of which I barely even want.

You have to take profits at some point, not everyone can be a billionaire.

Honestly it was mostly luck. If I had been lucky enough to find out about ETH during the ICO I'd have went all in. I was lucky enough to find it during the DAO period and lucky enough to have the money, and so on. It's luck all the way down, down to your parents, genetics, neighborhood, upbringing, etc.

I'm down by a good 80% since early january. When the dump came, I was spread thin in a lot of volatile shitcoins and shitcoin ICOs (which, weeks later, opened to the market at like 25% ico price).

I held my bitcoins from 2013 for that very purpose, "just in case" one day they turned into big money. They did, and I threw them away chasing "more", which I really didn't need.

lol

You never have enough money, you will always live by your means

Also, what coins are worth looking at right now, and what should I read? I'm looking to go all in this, I just need the knowledge to find things and get lucky really.

My best advice there would be ignore most TA, if not all of it. Find the trend and trade with it when you can. If we're in a bull market, buy after a crash. IF we're in a bear market, sell after a good quick run.

The longer the time frame you trade on, the easier it is. Will the stock market go up tomorrow? I have no clue (besides that it won't, since it's Sunday). Next week? Probably. But look at a longer time frame, like a year or a decade, and suddenly it's a lot easier to predict if it will be up or down from now.

As far as starting capital goes, there's nothing to say other than the more the merrier.

Luck isn't distributed evenly or fairly, so be careful. Read all you can but take anything on social media cautiously, as everyone, even on this board, has their own agenda and strong biases.

honestly the greatest benefit of crypto for me (alongside money) is really questioning what it is i want out of life. i've realized that solely chasing wealth is a recipe for existential malaise for me.

then again sitting at home and checking charts while spending $20 a week on gas is obviously not going to feel fulfilling. i feel like i'm living no life right now under the assumption that i'll have a grand one later, which as i type it sounds stupid and sort of miserable.

married
own house
car payed off
dog
kids
me and wife have good jobs
good school for kids
Live in California even though its a meme to hate it...it has beaches, desert, skiing, lots of natural beauty, lots of great food, etc etc

>Are you sure that investors would flock from regulated securities into Bitcoin in their time of need? We haven't yet experienced a time period like this, but the closest recent thing was the stock market crash a month ago, and it did not look very promising, although is nowhere near sufficient evidence.

i am not talking about this mini VIX spike 1 month ago that completely reversed in 2 days.
i am talking about a 2008-style collapse, where something that was previously unimaginable happens and throws the general survivability of the financial system into question. like a mass sovereign bond default.

It is, I don't have the image but that one that's a long anime screencap of "They keep thinking their lives will start soon, that they're not living them just yet..", but the life you life is your real one, right now. Start it now, don't wait for something to happen.

Wife and kids will make things a lot more expensive, good luck.

It would be particularly interesting in your case if crypto managed to gain some type of 'too big to fail status', if too many Americans (or other citizens) bought into it to save themselves from the banks, such that crypto failing would be just as bad if not worse than the banks failing.

We will have to wait and see, and maybe we will be waiting for quite some time given the nature of what you're suggesting. I think the right type of event could cause it, but I wouldn't bet on it before I see the start of it.

Thanks for excellent post. Need more of these threads, and much much less larp

Attached: 32D0227B-B668-46A9-9E1B-43D68B04BEA0.jpg (720x960, 133K)

problem is i don't actually know what brings me the most satisfaction in life. i'm wired to seek immediate gratification (rehab + 14 months sober), so i somewhat ironically suck at investing in long-term happiness. i should probably just start leaving the house more without any expectations of finding the answer to life.

Thank you, I appreciate it. I rarely post but try to make high-quality threads. Sometimes they die out soon, but I think people really appreciate thoughtful posts on this website even though they might prefer to shitpost all day instead. There's no reason you can't have both.

Going outside is nice. As someone who programs and reads all day, even I can admit that almost all humans love it.

Making it for me entails:

>$10MM+ in net worth
>Full ownership of a high rise apartment/condo worth $3MM in a metro city
>writing / co-authoring a book on investing/life (I have a professional and collegiate background in finance)
>buying out and owning a small internet media company and growing it out to further my agenda
>donating to political figures in my area and connecting directly with them, until eventually entering politics
>become at least Congressman
>either run for President, or if that fails, leave Congress, write more books, and serve on the board of hedge funds for easy money

That's the path I'm eyeing. I originally planned to go to law school and following the typical lawyer-->politician route, but that seems soul-sucking and would likely be unattractive to voters post-Trump. I'm lucky to have a father with money to spare who's bullish on crypto, so if we can enter at the right time (likely later this year or early 2019) and exit at the right time, we can be very wealthy on safe-ish blue chip coins.

OP,

great gains, but why not be smarter with your investments outside of crypto?

have you considered passive income via real estate? would definitely beat index funds on an average year at least

I did some napkin math but it doesn't appear worth it to me. Index funds I imagine will get me 8-16% a year through Trump's presidency, partially thanks for corporate tax cuts.

I might have more fun with things later, but I've been unimaginably stressed from crypto. From going to bed and not knowing if I'll be 1M USD poorer when I wake up. So for now I'm doing the most-hands off thing I could think of.

until you find your own inner call. serve others. make your neighborhood better, treat your family, affect people. that is the currency of life. sacrifice yourself. walk with purpose. with an end in mind but with the mind in the present.

unironically the best advice on biz. i know it deep down, i'm just too selfish sometimes. thanks user.

life is now. dont strive, dont crave. accept life as is , and when you do, you will activate your true potential and self. you will find yourself in a place you like, but it will not be an artificial place, that you think you would like (FOMO). it will be a place where your enjoyed the process and where the very process is life.

mindfulness is so hard for me. but i'll try letting go more and living in the process. thanks again user, truly. i needed that perspective today.

try taking a trip to Nepal, do a 2 week trek in the mountains. no phone, no bullshit. just you(maybe a guide), the mountains and the locals. it will grant a perspective that is far from the one we have in the west. it is easy to get trapped in the cycle of "you have to do this, for this is what you want, money, power, a new shit is good, maybe if i did this, how about that?"
i suggest Larke Pass, Manasulu. Take in the nature and observe how simple living the locals are leading, and yet how happy they are.

last bump, leaving for awhile so thread might die.

Good luck to everyone.

ironically enough i am sitting on my computer browsing Veeky Forums, chasing shitcoins, just like you. yet i am spurring wisdom about how wealth is not the answer. but i guess my personality is drawn toward the charts and i guess when you live in the west, you need the money to buy the freedom. honestly i am enjoying this space right now, i might not in a month, and then i will be gone.

well biz is normally just something to do instead of sitting idly. but your advice reminds me of how that idle browsing is just a nice escape that becomes compulsory after a while. i don't even trade, i hold for fucks sake.

this entire thread is a testament to how there's still something valuable in biz tho

Thank you for your post. Wise words. Very rare post from a good personality human being.

I can not help but you seem like you are not enjoying your life. Why is that? Go watch some Ramana Maharshi, or Krishnamurti. Travel to awesome places, try Ayahuasca or Bufo Alvarius and never incarnate in this world anymore. Find out more...

I am new into crypto. I started in Summer 2017 and made 1080% thank to good two ICO's. Took back my initial investment. Unfortunately I fell into the HODL meme and didnt sell/lock my profit. I was so greedy. Great lesson learned.

Now I am waiting for next market cycle to aply my knowledge. I will go all fiat at end of the year 2018.

Attached: ththanks.jpg (600x598, 48K)

>Eth isn't a shitcoin

Want to know how I know youve discovered Bitcoin "too late" and have been hyped and scammed into thinking eth isn't an altcoin piece of shit?

Up 3000% on a platform that can actually scale and revolutionize internet commerce, want to know how I can tell you're projecting and salty as fuck?