Start learning what the rich do, instead of trying to outsmart yourselves. Here's a good article to read:
economist.com
The goal is to grow your money anons, not shrink it on shit coins. Invest in young companies that could grow in market cap. Look for the next Netflix or Apple. Something like Chainlink isn't going to make you rich
>he doesn’t know
Know what?
Article didn’t have a lot of juicy info but I agree on the premise of diversifying high growth high risk assets instead of trying to get rich off index investing or buying bitcoin after normies
>ywn be rich enough to have a whole team of wage slaves who are dedicated to increasing your wealth at all times
Why live? Even if I make it will probably be too old to enjoy any of it.
I agree but it's more about the mindset, and yes taking risks. Normies = index. Don't be a normie. Sheep don't get wealthy, understand that
Yeah this would serve a lot of anons well but biz is 14 year old dumb asses so good luck if it’s not shitty altcoins
>he has to ask
Kek OP I feel bad for you, tried to pass info on to biz and they’d rather fap to brap and talk about pajeet coins
Biz is dead
>Chainlink isn't going to make you rich
If you gotta ask...
Realistically, how wealthy does one need to be to do that?
can you put up the pdf or somethign? idiot economist wants me to pay for a subscription
Diversifying is fucking stupid when you only have 1-10k to invest. You shouldn't invest the same way that people that have 1-100 million do. If you want to make it with 1-10k you literally have to go all in on something and hope for a miracle.
Well cmon now Mr. Knowledge, no need to get upset and give up , I'm listening
>Something like Chainlink isn't going to make you rich
READ, NIGGA
This. I didn't go from 1k to 250k being diversified. I was all in.
Imo you shouldn't try to even invest with 10K its pointless.
Offer a service and use customers & suppliers to fund your expenses. The obsession here with compounding small anounts of money is idiotic. Nobody gives a shit if you can get lucky and turn $1000 into $1200 or even $3000, when you spent months or years of research to do it, and had to risk it becoming worth $0.
Any Mexican can go door to door and offer a seasonal service and clear $1000 a day, meanwhile you let autism get the best of you and worry about compounding your lack of wealth.
Even Warren Buffett was running Newspapers and selling Coca Cola until he had the equivalent of $100,000 today. Then he convinced various lawyers and doctors to invest millions into his partnerships and took a percentage of the profits. He would never waste his time trying to double his $2000 bank account balance. Stay poor niggers.
This guy gets it. The 1% want to beat normie growth. Most of Jow Forums is in their 20s with 1k-10k in their portfolio, their only option is absolute moon missions.
I grew my money 50x from 2013 by buying bitcoin then, and I'm going to do the same in 4-5 years with the coin I'm buying today at historical support
100 mil USD for a team? I imagine one could start with a smaller, less successful team with just 10 mil.
You could manage 10 mil from your phone.
I literally advocated for not indexing which is diversifying
Invest in moonshots
Doesn't even make sense. Everyone has to start investing somewhere, and investing in index funds would just produce minimal gains. If you invest in small cap or mid cap growth companies, you could speed up your ability to get to six figures as long as you keep contributing
Chainlink IS the next Netflix and Apple, you dunce.
You've gotta be kidding me
As serious as a heart attack. Why not throw 500 or so into Chainlink, forget about it, and come back in 3 years. You'll have oligarch money.
So in a worst case scenario, I'm guessing the lack of network use results in the current price being permanent?
Dude, WHEN mainnet releases, why the fuck do you think companies won't swarm to ChainLink once they see the $$$ they are going to save.
There are two options with ChainLink.
1. Something very bad happens and the team never releases a working product.
2. The team completes the project and mass usage is imminent which results in a very very very very very big price increase in the Link token.
Here's a hint. Mainnet is coming Q1 19.
Why would they use something they don't need?
No coiner here. Convince me to invest in chainlink. Whats so great about it? Why should I give a shit about "smart contracts"? As far as I can tell this coin has been stagnating over the past year.
Except we can look at all the faggots who took advice like this and went busting their hump instead of buying $.50 Ethereum and just watching the charts. Those faggots invested $1000, made a couple trades into BTC, and walked away set for life.
throw 50 bucks in there and watch as your wildest dreams become reality. If you want a trip to New York, then you charter a flight, book a room in the Ritz Carlton, and pay high end escorts and it all costs you just .0001 Chainlink. That is the future, my friend. Join us, or be blinded by our massive million dollar green dildos.
So let's say boom, network usage is high. Realistically, if I put $15000 into this, which I have to throw at a single crypto project, what are my returns? I can't see myself having $15,000,000, so is something like $85,000 realistic?
But you would have to know what you are doing. I'm talking about doing absolutely nothing other than having the initial capital and having others work for increasing your wealth.
When mainnet is first released you'll see at least 3x your money. More like 5x in my opinion. Once mainnet is proven viable ~6 months to a year after release you could see $5 or even $10 Chainlink.
Only for the time being, after crypto dies or stabilizes and becomes boring, people will still want to know how to get rich.
The article was interesting but also disappointing because it was extremely light on -what- family offices actually invest in. I've read some good material about how certain families in europe have maintained wealth for centuries, old money strategy seems to revolve mostly around land, gold and art (art is like the original crypto-currency for the wealthy).
Yeah that's bullshit, you dont need a multi million dollar cost private personal hedge fund to have generational wealth. You do need a core fund of investment money that is allowed to grow for decades/centuries, a well planned estate and legal frameworks, children that are raised properly and educated about money (shit you absolutely never learn in school), and finally a lot of good decision making that starts with one patriarch that gets the ball rolling. You've got to have multiple children every generation and pass the keys to the most competent among them. Degenerate children have to be disowned or given a very minor stake in the family fortune. Meritocracy has to exist to some degree within the family or it just becomes a corrupt nepotistic failure eventually. Part of that is good breeding, at least for good IQ but also athleticism and attractiveness to a lesser extent. IQ is extremely heritable, and if you have children with a beutiful retard, you will have half retarded children and your family fortune will be gone within 1 or 2 generations.
you stinky linkies truly are pathetic, bottom of the biz barrel.
exquisite fud
there are only two ways to become rich quickly:
1. inherit
2. create a company that is able to scale (you need to be not only intelligent, but also hardworking and organized)
therefore 99% of us anons will probably never reach that level and will die wageslaves, might as well have some fun gambling on shitcoins
You forgot:
3. Steal it
Well the third is yeah, explosive investment returns. If you had otm December puts on SPY back in the summer, you'd probably be up 800-1000% right now
You forgot #3. All in Link
I'm not sure why people are so sure of this. The goal every user should have is achieving the kind of wealth that gets you freedom and power. I just looked it up and at a $10 price, that means the founder and company would collectively own $650,000,000,000 worth of crypto tokens with regards to total supply
You're talking one of the most high worth companies in the world
6.5 billion is the number you’re looking for. 3.5 billion of that would be allocated toward incentivizing the network. What that really means, we don’t know. We think it’s meant to be given as a subsidy to node operators, probably institutional level operators, to incentivize them to stick around. It’s possible none or only a fraction of this value will be brought into circulation. The team would collectively be worth 3 billion at $10 per link, minus whatever they have already spent up to that point of course
For people who don't believe in chainlink, you guys sure know alot about chainlink.
Heh
Oh I’m pretty much deluded and redpilled. Also entertained that OP comes here giving us “advise” on finding the next big thing, when this board has pinpointed and harped on the next big thing for the past fucking year.
right i was talking higher than $10
150k is realistic
care to elaborate?
>How does one invest in zeroes and ones?