Archived threads in /biz/ - Business & Finance - 5530. page

150 PIVX

Am I /futurechad/ yet?

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Pivx has so much potential, fucking weak hands, when will they learn

>>2002860

This is true. Pivx holders need to get their smug pepes ready

>>2002845
What would you say is an acceptable effort rate?

>>2002843
Yes. Instead spend it with ETH.

Don't buy a car unless you can pay in cash. Also second hand cars work just fine as well.
Even if you get enough money to buy in cash, still think of what you're doing.

>>2002738
yes, it's legit. Now, go learn how to trade and manage crypto.

>>2002746
I've been spending the last week watching BTCkyle, Chris Dunn and lurking on the comfy thread and /biz/ in general. I'm not an expert but feeling relatively confident now

>>2002738
Just wait until you get to the part where they ask you to give them your online bank account login information. Then you'll really start to sweat.

It's already did. Got in at 20k and out by 140k. Was an amazing trade but now my sights are on RNS, in at 1k and waiting for 10k minimum. Shit has an active dev, community, and masternodes coming soon which has been the latest fundamental formula for pumps.

>>2002700
You paid shills really are formal sometimes I will tell you.

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>>2002711
there's more shills on this board than /pol/

>>2002666
Too intelligent.

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>>2002666

>>2002666
He doesn't ever invest in technology.

>inb4 IBM & Apple
IBM's revenue comes from consulting and the decision to buy Apple was not his own

>>2002644
Just have patience. Good tech always prevail.

>>2002644

Kek has blessed us, fellow BAY shill. Who /DamnNearAllInBay/ here?

Doge has a very active community still plus it's coin supply is so huge. Also it being part of the margin Alts on polo makes it worth something still.

i'm new to all of this. i work for a small company and i just made a new website for them (it's not great, i'm learning webdev as i go, but it's a massive step up from our old website)
i did nothing for SEO or anything. i don't even know where to begin. any basics or guides out there?

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>>2002545
I don't have a source on the information, I just picked it up through years of lurking senpai. I know there are plenty of basics guides out there but you have to be really careful because the IM community's entire goal is to profit off of your entry, so I would recommend never buying into what they are saying if it sounds like it's either sales jargon or too good to be true.

How did you manage to get into making websites btw? I've been thinking about trying to step into that as well desu.

>>2002570
really i just downloaded bootstrap with a good template and just input everything i needed instead. it's very simple, but it shows off our products which our old website didn't do.
without bootstrap i don't know the first thing about coding a website. but bootstrap makes it extremely simple and has built in phone/tablet optimization.
our website has no shopping cart yet (just needed to get our products visibility in the short term) and i'm not sure if i'll even be able to implement one in the business that i'm in

Yes. If it doesn't hurt you and they are that good a friend then I can't see why not.

Depends. Will they become a leech?

Rational implies you have an ulterior motive or another reason than your morality

But if you feel rational, I've got some debts myself, please feel free to donate 0x152C9C104e31fF7E7eD2FEfd9c69704c5B4739f4

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>>2002445
>and a 100 grand

Top taste in candy bars, my dude. I hope you enjoy the caramel goodness, but be sure to share with your ladyfriend.

>>2002445
and a 100 grand?

do you mean that you are going with 100k $? to spend

Is it long term asian qt? (envious)

Guys hello ?

Man just one time reply to a post thats a bit more abstract then only memecoin, explain how i can mine memecoins

>>2002410
Not worth it friend

Unless you live in china

Look into staking instead

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Complete the house, and rent the basement out to either a couple or two separate people.
Price the rooms comparatively to what a dorm room costs at your nearest college/university if you're near one, and if you're not, make sure it's priced comparatively to other rented properties in your area. If shitty ass two bedroom apartments that are small in an apartment complex are being rented for $1000/mth, you can get more than that easily. You are offering a brand new, clean, never been lived in, LARGE two bedroom apartment.

Now, use their rent to pay your mortage off. Where I am, shitty fuckin dorm rooms are rented for around $600/mth. That makes renting the basement to two students EASY for $1200/mth, because it's the same price as a dorm but a hell of a lot nicer. We're close to a university, so that allows us to be a bit more choosy with who we want living there as well.

With the mortgage being $1150/mth and rent coming in at $1200/mth, any amount of money you are able to save is able to be chopped right off of your mortgage. My fiance and I budgeted ourselves around $1100/mth, so I know we are comfortable with giving that up. So we put that on top of the rent, and the mortgage gets paid of way faster.

By renting the basement out and also holding ourselves responsible for "paying" the mortgage ourselves as well, we are able to pay off a shitpile of the mortgage over the course of two years. The interest in the first year was around $6500, and we're aiming to pay off close to $28k. The second year we'll pay off a similar amount, but the interest will be less.

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In two years time, we'll be able to sell a house that we initially paid $230k for, and have the mortgage paid down to ~$190k, for $450k.

That's $260k in our pockets, but we paid ~$55k into the mortgage on that. Now, we could have done that right off the hop (sold it), but the house value is still pretty much "brand new" after two years. Also, if you don't live in the house for at least a year (I think) you get taxed on all that. So you might as well live in the new house you just designed and built for a couple years.

So basically you start with fuck all, nothing, and go to SAVING ~$50k over the course of two years for living in a new house and renting the basement. You don't even have to sell it, if you stay there and continue doing that, you'll have the mortgage paid off in EIGHT YEARS. The bank gave you the money hoping it'd take 25.
Now, you don't have to pay the mortgage off that fast. If you're okay with giving the bank way more in interest, you can have your tenants pay the mortgage for you forever. You're still on the hook for property tax and utilities and all that, but not having a mortgage in a brand new house is pretty sweet.

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Here's the numbers because I know people will try to say that it's bullshit. You need to make enough money in order to support an $1,100 mortgage payment, that's it. If you can make the mortgage payment, the bank is happy to give you the money and rape you on interest over many years.
Those of you paying rent probably pay close to that already.
My bank is CIBC so I used their mortgage calculator for reference.2.79% on a two year fixed rate
https://www.cibc.com/ca/mortgages/calculator/mortgage-payment.htm
>First year
$230,000 + $6417 interest = $236,417 owed
Payment is $1,064/mth = $12,768 per year
1200 in rent x 12 months = $14,400 per year
You are paying $1,100 per month = $13,200 per year
So you're paying off $27600 total minus the interest per year

Which means, after the first year, you owe $208,319
>2nd $208,319
>3rd $186,028
>4th $163,112
>5th $139,551
>6th $115,329

So now you've lived in your house for five years. The bank will make ~$3200 off of you in interest the following year.

>7th $90,426
>8th $64,823
>9th $38,501
>10th $11,440

And obviously the entire mortgage is paid off in the 10th year.

>>2002372
how are you only getting 180 with 6x 480s? do you even know what you're doing?

>>2002372
I have a 290 any guides to mining

>>2002372
How much MH will 6x GTX 1050 Ti's give me? what about power consumption compared to the Radeon 480?

Buy Bitcoin

Buy posw

>>2002353
>>2002361
I'm actually interested in day trading some cryptos but it seems very risky.

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>>2002330
>falling for the college is a bad investment meme

>>2002330
Stop
Being
Poor

If it was easy, everyone would do it.

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Investors, especially private equity, value one thing above all else: the ability to scale. If you show them a market deficiency and say "I can turn 500k into 1m in just two years" your average private equity guy will look at it, see if he can replicate it all over, and if not ignore it. Even if it's completely turn key they'll say "Listen, your little po dunk operation will double my money but I'm looking at getting 50x in just a few years." Silicon valley effectively changed the game on that. Anything that's software instantly scales to whatever you need as long as it doesn't involve real people or real management.

The main issue with this is when Silicon Valley tries to enter the realm of the real.

Transportation, medicine, even HR paperwork.
I spent half a UBER AMA thread mocking them for claiming that an app changelog is not a bridge too far. Every developer in the thread instantly dog piled pointing out that entire OSes have change logs and a three screen app should know what the fuck changed. This small peak into Uber's lack of management gets even more intense. Supposedly entire large projects are being duplicated and there's large amounts of coders doing each others work because no one knows what anyone is doing. This is without even getting into the toxic aspects of of their corporate culture irt racism/sexism.

There's a common piece of hubris in regards to market momentum. As the idea goes, the more money tossed at something, the less likely it is to fail because of internal momentum. Put another way, Rich people don't lose money. This what we're seeing though and what we will see.

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Normally when a silicon valley company fails to demonstrate profitability, one of it's larger groups of private equity will just use another company to buy it. A great example is youtube which scaled wildly but even at scale couldn't turn a great profit because it's insanely expensive to run. Many of the early VCs with it however knew that they had something with marketing power and sold it to another firm they owned a ton of stock in, google. Not only did they get over a billion for it's sale, but they also curbed the costs the thing would have inevitably had when it died on the vine a year later because of their limitations.
Why is that important though?

The reason it's important is there's no bail out game ready for if Uber or similarly hyper oversized VCs go out. There's no Apple or Google that will pay out the 70b investors expect back, hell even a loss for fifty cents on the dollar will be too much for someone to pay as Uber fails. Some competitor will have automated trucking and automated driving and Uber's value will sink like a rock.

This is not because Uber failed from the start. This is not because there's even a flaw in their revenue, it's literally just because the investment class got over chubbed on it and inflated it's value so astronomically that it simply implodes on itself like a dying star.

Uber is not alone in this. The rate of billion dollar unicorns is falling like a rock. VCs are starting to hold money back. The ultimate irony is the Titanic has already been gashed along the side and it's because of the ridiculous valuations in the 2012-2016 block.

>>2002285
This guy seems to know what he's talking about.
>>2002282
How can I short small businesses?

In general, if I want to short businesses that I'm sure will fail, is there a way to make money on that?