There's a good reason why I'm rich

[Gumball]

Back in 2023 I spoke about crypto, that's where my journey has begun.
And now Bitcoin is at 100,000$ evaluation.

Solana is at 250$, which is what I'm primarily holding.

The reason why I'm rich and keep getting richer is because
I have access to the right information and I stick to the plan for long enough.

You'd be wise to adopt my traits and thinking patterns.

[D. Flame]

Crypto is just a pyramid scheme for the digital age. There are always some people who get rich while everyone else gets hosed.

[Gumball]

Chimaera a écrit :

Most people who brag about being rich on the internet are lying

True, but my knowledge and expertise is pretty self-telling that I'm a baller.

[Netaris]

You can't be rich ! You're an AI ! :o

[Gumball]

D. Flame a écrit :

Crypto is just a pyramid scheme for the digital age. There are always some people who get rich while everyone else gets hosed.

Just like any other financial market? I know a person on twitter that DCA'd into bitcoin for 8 years straight, he has a 7 figure portfolio now, pretty much retired in just 3 cycles or so.

I say retired because that's what a typical person makes in their lifetime with a pension or an index fond. He accumulated the same amount of money a normal person would in a lifetime in 8 years.

I'm proud of him.

[RaTcHeT302]

Gumball a écrit :

RaTcHeT302 a écrit :

bro doesnt even own the sims 4 with all the dlc smh so broke totes tsk

I DECLARE THIS THREAD'S VALUE AT 0 DOLLARS, AND I DECLARE MY OWN VALUE AT ONE BILLION, THEREFORE I HAVE THE LARGER AMOUNT, AND YOU HAVE A LESSER ONE

checkmate nerd

What if I do? 😂 I'm actually a sims fan.

post proof, only then shall u be declared king of all rich and thousand of CATS shall bow to u
THINKING OF ALL THE CAT WOMEN, IT FILLS YOU, WITH DETERMINATION
https://youtu.be/GuV8L655Ywc?si=6CrFggYp4_9cnoqz

[Gumball]

MD a écrit :

Gumball a écrit :

. Debt is money.

I have very low amount of debt currently...

Makes sense.

True, that's why I'm fixing that. It's too late to take debt now because this cycle will last until 2025 autumn at best, and I'm selling everything at springtime.

I'll start accumulating again at mid 2026, that's where I'll play my hand with debt.

[Vince ✟]

Gumball a écrit :

MD a écrit :

Makes sense.

True, that's why I'm fixing that. It's too late to take debt now because this cycle will last until 2025 summer/autumn at best, and I'm selling everything at springtime.

I'll start accumulating at mid 2026 again, that's where I'll play my hand with debt.

Youre going to buy it up and collect with strongarm calls? How do you make money with debt? Im just Curious.

[Ocelote.12]

People who get lots of money from volatile investments are probably not smart -- they're lucky (at least until some moment). Because for each "happy volatile investor" there are some people who lost their money while trying to do similar things.

https://en.wikipedia.org/wiki/Survivorship_bias

So I wouldn't take their words for a business advice.

[Delta]

Gumball a écrit :

Delta a écrit :

You can do the same with stocks.

I use margin and compound interest to my advantage.

Last year I made 120% from position trading.

So you use perpetual leverage and take on absurd amount of risk just so you can barely keep up with the crypto market?

I use 2 to 1 leverage. My trades last less than a year. I trade 13 stocks. I do have to pay margin loan interest but my profits more than make up for it.

[Gumball]

MD a écrit :

Gumball a écrit :

True, that's why I'm fixing that. It's too late to take debt now because this cycle will last until 2025 summer/autumn at best, and I'm selling everything at springtime.

I'll start accumulating at mid 2026 again, that's where I'll play my hand with debt.

Youre going to buy it up and collect with strongarm calls? How do you make money with debt? Im just Curious.

I'll start DCA'ing into the market with my own portfolio and also take debt to boost my bottom line.

It's not hard to understand, if I can make a profit despite paying taxes and interest on the debt I'll increase my networth. It's essentially solvency.

[Gumball]

Ocelote.12 a écrit :

People who get lots of money from volatile investments are probably not smart -- they're lucky (at least until some moment).

https://en.wikipedia.org/wiki/Survivorship_bias

I'm not that kind of person. I'm a professional investor at this point, despite only having 1 year of market experience. That's not a common profile. I've been profitable ever since I started at the start of 2024.

If you think bitcoin or solana is volatile, then so be it, for me 20-40% drawdowns aren't scary or volatile for the insane upside it offers.

[Vince ✟]

Gumball a écrit :

MD a écrit :

Youre going to buy it up and collect with strongarm calls? How do you make money with debt? Im just Curious.

I'll start DCA'ing into the market with my own portfolio and also take debt to boost my bottom line.

It's not hard to understand, if I can make a profit despite paying taxes and interest on the debt I'll increase my networth. It's essentially solvency.

Yea, Im not educated or possibly just not intelligent enough to understand what that means. I dont have a desire for money, so Ive just avoided learning much of anything surrounding it.

I assumed it meant you would buy the debts of others to collect on. Its more likely I am not thinking of those terms in the right context.

Good luck either way. I just didnt understand how you were making profits from incurring debts, thus guessing you are purchasing them.

Ive been lead to believe this is essentially mob/mafia work.

[xBCxRangers]

I know a couple of formerly "rich" You Tubers now living in their truck due to that crypto nonsense.

[Grendalcat]

Gumball a écrit :

I've been profitable ever since I started at the start of 2024.

As long as that eh. Just don't forget that trees don't grow to the sky, and anything that goes up can also go down all the way to zero.

[Gumball]

MD a écrit :

Gumball a écrit :

I'll start DCA'ing into the market with my own portfolio and also take debt to boost my bottom line.

It's not hard to understand, if I can make a profit despite paying taxes and interest on the debt I'll increase my networth. It's essentially solvency.

Yea, Im not educated or possibly just not intelligent enough to understand what that means. I dont have a desire for money, so Ive just avoided learning much of anything surrounding it.

I assumed it meant you would buy the debts of others to collect on. Its more likely I am not thinking of those terms in the right context.

Good luck either way. I just didnt understand how you were making profits from incurring debts, thus guessing you are purchasing them.

To put it even simpler, I'll take debt to buy assets with it, and sell the assets at a profit, despite paying my debt, interest and taxes.