A choice:
10k in Crypto without having a job, neetbucks or income,
or fund a friends startup at a very decent chance of earning 2-3k/month within the next 3-6 months?
But temporarily become a no-coiner. Should I take this risk?
A choice:
Nathan Hall
Other urls found in this thread:
Lincoln Powell
no. he will probably fail
Camden Clark
>Risk taking
>highest virtue
At the end of day, no one will save you once you've fallen down. Keep that in mind.
Parker Mitchell
10k in link is your most viable route op but it could take longer than 6 months for returns
Lincoln Flores
Has been in the making for 6+ months (several devs on payroll, 600k+ lines of code). The chance of it surviving another 6 months is decent, plus some companies have approached us already to run a pilot. It is definitely possible he'll fail, but I am hopeful.
Of course, that is why I am struggling with the choice. Let the market decide my faith or the risk of investing into what I believe may land me a decent paying job at a startup I co-own. A similar startup got funding in its first seed round exceeding 10 million. We are far ahead, just in a different industry, a smaller one that is growing more rapidly. Kind of a unicorn project. Except it may not be one...
10k is my last money, 750$ was my initial. At the end of every month I would have to sell link to pay for my bills and other shit. If the market takes another dump I may go from having 10k to 7k or 5k. And the opportunity to help my friend launch his business dissapears.
Justin Morales
put 5k in LINK and keep 5k in the bank.
watch this guy's video series.
youtube.com
sell your linkies when it's approaching $55, buy back at $13
> people are addicted to LARPing price predictions because it gives the LARPer a false sense of authority and NEETs aren't used to having that so they trick themselves into it by doing shitty price predictions on this Balinese basket shilling website
Christopher Perry
nice trips btw
Blake James
Either way youre going to lose your money ifnyoure spending it to invest in your friends business you have 0$ at the end of the day
Link you might lose some temporarily bjt who gives a fuck
Get a part time wage cuck until you make it with link
Christopher Roberts
what book is that OP?
I'm in a similar situation.
I'm leaving my job in 2 months. I'll have 17k in fiat. I have 400k fiat equivalent in crypto (bags of LINK in suicide insurance). At the top it was worth 1.7m.
I'm going to travel to Eastern Europe to pick up young girls. I'm going to put maybe 7-10k toward my own mini ITX PC case Chinese manufacturing start up. Do some Indiegogo campaign to raise money and see what happens.
Hudson Jones
>friend
>business
Do yourself a favor op and keep the crypto and your friend
Adam Wilson
>Should I take this risk?
No. If you give your money to your friends you have 90% chance of not seing it again.
The risk ratio is much better with crypto.
Gabriel Carter
> Get a part time wage cuck until you make it with link
Honestly considering it, but I just want to do something on myself. The funding now would be largely headed under me, I need to hire a dev to further create a crucial part of the service we/he is offering.
> what book is that OP?
Skin the Game by taleb
> Do yourself a favor op and keep the crypto and your friend
I do you one better. Even before we started this little thing I gave my friend 0.25 BTC and helped him turn it into 3 BTC (120k ADA and 500 ZEN now). We have been trusting each other with money and responsibilities for longer a decade. This is our normal, and -so far- we have not resorted to having to screw eachother over money / business. Often when I was down he helped me up, when he was down I did the same. Now for the first time ever we have to fully rely on each other for shared success.
But parting from crypto is painful..
I am not exactly "giving it" away. The money will be spend on my terms on a dev to create something we absolutely need for the startup to even take off. The current devs we have are already too swamped with work.
Kevin Long
>I am not exactly "giving it" away. The money will be spend on my terms on a dev to create something we absolutely need for the startup to even take off. The current devs we have are already too swamped with work.
It doesn't change anything. I see how you don't understand that startups fails 90% of the time in the first year.
Oliver Martin
Taleb is so fuckin based
Wyatt Hughes
100% go in with your friend, provided you think the business could turn into something.
Nicholas Jenkins
> I see how you don't understand that startups fails 90% of the time in the first year.
I am absolutely and utterly aware of this fact user. So because 90% of all startups fail I shouldn't even attempt to run one? That seems silly to me. By buying into ICO's and so many projects aren't we investing in the same type of startups which also have a 90% chance of failing (deterministically)?
My dilemma is not that the business may fail,
It is having to part with Crypto.
Thomas Gonzalez
>I am not exactly "giving it" away. The money will be spend on my terms on a dev to create something we absolutely need for the startup to even take off. The current devs we have are already too swamped with work.
you wont see your money again. Take the crypto
Joshua Phillips
>ICOs
>which also have a 90% chance of failing
those dont have a 90% chance of failing, they have a 100% chance of falling 90% lmao
Aaron Johnson
Thanks so far Jow Forums. I am still looking for a good reason NOT go start a business here.
I am replying to dev job offers within a few hours.
I may just.....Trying to see if I can find a cheaper dev for the project so I can keep some in Crypto and still feed myself.
If we go into a 6 month sideways market the money will be gone too. After 6 months the market would have better moved x2, or I will be worse off. If the market does not go x3 by the end of the year, I may as well go fill out job applications at Mcdonalds. I really do not want to be market dependent.
kek, yes.
Alexander Baker
> If the market does not go x3 by the end of the year
Within a year*
Camden Torres
then why are you asking here? you know what to do, go invest in the project. But do some legal stuff to ensure you dont get ripped off
Thomas Turner
I was hoping to hear something I did not think about, but yeah it seems futile. I'll just do this. Wish me luck guys. And yes, legal part will be covered. My first income from this will go back into link. And if not, my first wagecuck salary will. For the love of all that is sacred, keep reddit from shilling link it before I get back in. See ya on the keksyde Jow Forums
Dominic Stewart
we dump on redditards, dont worry. Good luck and stay safe