Need to turn 100k into 500k. Would then buy a property if I succeed.

Time horizon is ideally within 2 years. Super risky I know.

Was thinking of lumping the lot into ADA Cardano, a pure gamble. Crypto has dropped a lot recently.

What are my options? Talking of options, if I knew what I was doing maybe I could use derivatives on something to try and 5x my investment.

Could have tried to find a big poker game.

Any ideas?

Thank you!

u have a seriously destructive way of thinking... whatever opportunity you need the 500k for I'm sure will be available after 2 years or a different one of similar value. Even if you somehow magically make the 500k you'll just do something incredibly destructive later because you have an unrealistic expectation towards how you treat money and unneeded sense of urgency

I would probably go with Ethereum. For a 5x you'd need it to reach 7500. Totally obtainable. For ADA you'd need a price of 2.50. ADA's all time high is 3 dollars so def doable. In the short term if theres a correction I doubt ADA would even drop that much lower than current price.


FYI if you make 500k you can open a mcdonalds or dunkin donuts franchise i believe.

ETH

I'd way rather leverage long BTC/ETH than own the **** of **** ADA if it was 5x or die trying.

Not the worst spot ever to open up a 1-3x if it was the do or die.

Why do you dislike ADA so much?

It has been up to around $3 and is now at around $0.5. Unless many cryptos crash/go to zero, I was thinking the potential upside from here is much more likely than a downside.

I like the leverage long BTC/ETH.

Everything in ETH & BTC.

Chop into 5 wallets, 1 you never touch, 1 you loop 25LTV and leave as is, the other 3 you Loop with various LTV%, Use the aggro wallet to DCA and buy dips.

It's a little hard for me to imagine a realistic scenario where desperately gambling $100,000 into $500,000 over 2 years is a good life decision. Besides, anyone who has the best method to attempt such a feat is very unlikely to be publicly sharing it.

There's no way this happens without any plan unless you go with a big gamble that's probably -EV and you luckbox. There's people that can do this in business but it's because they spent the past decade or more mastering something - your only play would be something with crypto but your risk of ruin is very high

Ironically there is a business I want to start up with my friend who is running his business in a different area. He is making a killing and we believe we could do the same in another area.

The trouble is, the bit of land we want is currently occupied by a charity/trust. The people running this are in the council. They do not know what they are doing. They receive hundreds of thousands in government grants and it amounts to nothing. They are struggling with memberships.

I sent an email last year to someone on the board and they loved my idea and were keen. They then spoke to the person in the Chair on the Trust who is not keen. They said they recently seperated themselves from the council and want to try things themselves for a few years. They literally have no clue!

I am in the process of trying to get someone higher up in the council to see my idea. We could transform the place.

Where do you leverage BTC/ETH?

ETH and it's not even close.

They have no proven product, no infrastructure that matters and no novel product even when it's produced. I think ETH just beats them long term nearly every time.

There's many websites. FTX is one option.

Ada spends more time and money on marketing than building. Eth does nothing but build build build.

Found good property opportunity where I cam buy a house with the room to build another one next door. Trouble is agent said it is under offer. These places usually go straight away to their friends. If it all goes, looks like lumping into ETH is the play.

Hey, I don't know if anyone else has been clear, but this is a terrible idea fwiw. Just safely invest your money and hope for a 2x in 10 years as your expectation. Turtle wins the race. This is coming from someone that is bullish ETH and it's by far my biggest position.

Hi, this is money which i kinda can afford to lose. Therefore I was looking for something high risk.

Thanks.

How is it a bad idea? It's not often an opportunity like this comes along in life. If you can identify and capitalize on just 1 or 2 of them in a lifetime your set. I've done exactly that myself. I capitalized on the poker boom and then crypto and I'm living the ****ing dream.

And now ETH is/was down 70-80% with a major update on the horizon that is equivalent to a triple halving. Seems like one of the most +EV bets I've ever seen in my life.

This is the same way I felt when I was preaching about BTC in the $10-$20 range many years ago.

I took off a good chunk of money out of crypto with the intention to never put it back in and put it towards a stable retirement. However, I put some back in because the opportunity just seems to strong. I never thought I would see ETH drop that low with POS so close. Obviously all the bankruptcies and liquidations have played a big roll in this and I think it creates a great opportunity.

It's not like he's risking retirement money. What I've learned in the crypto game is once you get to a certain point if you think you can retire with some more stable investments, it makes sense to take those investments. What I've also learned is it's hard as **** to generate yield from money without working. They don't have CD's paying 12% anymore. It's like the system is designed right now to make sure you have to continue to work.

Despite me being quite bullish on it and taking a large position, I'm also confident in the fact that I probably can't beat the market and it's priced appropriately. There isn't an information asymmetry, everything is available and this is how it's priced. Rather than focusing on ATH and what we're down from it, another way to look at it is we are 15-20x up from the covid lows. Everyone could have bought ETH for 90 bucks less than 2.5 years ago.

I hear you, I'm bullish on the supply dynamics as well. But this isn't a no brainer, if it was, it wouldn't be trading at this price now. There are risks that the merge is buggy or another L1 takes the throne in the next few years. If we hit huge multiples from today's prices, it will be because a risk was taken and we were compensated for it. Not that it was a sure thing no brainer.

No less than a few weeks ago we could have been buying ETH for half the price that it is today. I'm not confident I can assess what the fair value price is and if it is actually cheap right now. I had my 2018 bag and I 4x it during these last few months during the capitulation. I staked it immediately so I have no intentions of selling it and seeing through this merger for the next few years. That said, while I am hopeful, I'm not banking on a 2x 3x 5x 10x or whatever. In a few years, if ETH is trading below today's prices because a better blockchain emerged or the sec considered it a security or it ended up not being able to scale, I won't be surprised. I do not believe this is a sure thing whatsoever.

Fair enough. However, considering I've been in the crypto market since the beginning, I know more then the "market". The "experts" and "analysts" writing all the material or working for Three Arrows Capital these days are newbs. Every single one of them. I know you can't "price in" this type of stuff. Just like you can't price in all the halvings to come in bitcoin. Everyone knows they are coming, so they should be priced in right? But they can't be until it actually happens. Vitalik actually just said the same thing himself about the upcoming merge not being "priced in". Physically or psychologically. What happens when the price starts to rise and people learn they can earn 8% yield on an appreciating asset? Instead of companies dropping hundreds of millions or billions into bitcoin mining equipment, they could buy ETH and "mine" that way. What happens when that whole psychological shift changes? And then ETH overtakes BTC.

Also look at the LOG scale on charts. Crypto market cap hasn't gone straight to $10 tril + where it belongs because when people hit a certain amount of money, it makes sense for them to sell a bunch to retire. So after huge % runups, comes consolidation. The LOG scale looks juicy as hell right now also.

I don't have that much confidence in myself despite entering crypto at the same time as you and having done pretty well for myself. The longer I'm in, the more I realize the less I know. I hope you're right, ETH has become by far my biggest bag and top 2 biggest bets of my life.

I've lived through multiple 80% drawdowns now that have lasted years. There is no certainty in my mind that it will always come back roaring past ATH in the future even though it did in the past.

I've learned it's a knack I have that to me seems like common sense, but isn't. The ability to have the vision and see the big picture of what's going on. It's not just a "knack" for me but for many others also. Entrepreneurs and such. Sometimes I wonder why everyone else doesn't see it. Then I realize how they feel when I get stoned. When I'm stoned I have no vision or confidence in any of my beliefs and it creates anxiety. So the average person who can't see this slam dunk is just a stoned version of myself.

I've gotten a bit into real estate myself and have been around it for many years and and am not confident at all in making any real estate decisions. I make them, but I'm not confident and have little vision on it. I have general ideas, but I wouldn't know how to identify a slam dunk at all. I would always think about all the things that could go wrong that would screw it all up.

Having said that, I'm just backing up what I've said before. I don't know why I have this super clear all around picture of crypto, but I do.

Wait for Solana to hit $12 to $15 range and go all in. U will probabaly 40x your 100k

(This is not financial advice blah blah blah)

Will look at it, thanks.