Why does one who is just going to buy and hold have to quit school?

Who needs school with 50k in crypto?

That'll be several milly in no time.

OP should quit school either way IMO. He's clearly hating it and looking for a way out. I personally wish I'd never gone to college so I can identify.

At the same time his logic in this thread puts the over/under on the number of personal bankruptcy's the OP goes through to 5.

What's the mental equivalent for "popping roids"? Nootropics? Micro-dosing?

~10 years after undergrad, I now wish I had done more physics (I did way too much pure & abstract math fwiw).

OP: if you take a traditional CS curriculum (from which you can take lots of AI courses), you'll encounter elementary linguistics if you take a "Theory of Computation" course (that is, what sorts of problems are theoretically solvable by computers). In any event, it's solid foundational systems-based training if you're interested in any of ML/AI (which tend to get conflated too easily these days imo).

you can study and make a nice portfolio of cryptos in the meanwhile you attend College. You can also change your portfolio even from you cellphone.

This is not like playing poker were you had to be in front of the screen 6 hours a day if you really wanted to make good money. So I don't think cryptos and going to class are incompatible at all...


Remember Bill gates, Zuckerberg, Steve jobs they all quit College.... but 99,99% of the millionaires of the world didn't

Stay in school is never a bad idea

this is a lie. you said you would have sold at $1000. you also said it was going to 0 if no ETF came, lol. you also didn't want to bet that it was going to $0 if no ETF came. and look where we are now.

you also said ripple was superior, besides a plethora of other statements that highlighted your ignorance.

OP, search for ToothSayer posts in bitcoin thread circa 2015. he thinks writing a lot of words can replace actually knowing a thing or two about the subject.

Don't drop out. Study crypto related things.
Economics
Computer Science
Business

Having an education will help you kill it in the crypto space. And you can do crypto part time too.

Having a BA is obviously useful (at least in the US) - for job insurance if nothing else. However, what you major in or your grades aren't that important unless you are going to grad school. So if you are considering dropping out, you should instead switch your major to a easy subject like philosophy or communication and just don't attend class or do any reading. You should be able to still pass by taking tests and handing in papers. That should give you enough time to do whatever you would have done if you dropped out anyway while still getting your degree.

Do it. Yolo. Don't become like the rest of these posters here who live sad empty lives who work the normal 9-5, come back exhausted and have 2 weeks of holiday a year. What kind of life is that?

You only have so long on this little rock. I'd much rather be broke knowing I risked it all to become great than to settle for being average.

You probably already have a different perspective with the change in market trend in cryptoland.

Univeristy in the Netherlands is not very time consuming from my experience. You can trade cryptos all you want outside of class. The market is open 24/7.

If you don't like your bachelor then just quit because you don't like it. However, don't replace it with 'crypto investing/trading' unless your an excellent trader.

The money you've made was in a raging bull market, it's fools gold. Did you also made decent money by trading in the recent bear market?

So basically you can't trade a damn but things will magically change if you go full time?

Crypto trading is not like regular trading. This is not a regulated market. All the shady and illegal things that are not possible to do in a real stock/options trading are OK to do on crypto exchanges. If you are not one of the people with the tools, knowledge, and means to scam the crypto exchanges what makes you think you can "trade crypto"?

OP,
I had a similar idea to you earlier this year, exactly after seeing the success of Balina (the main difference is that I'm 33, have a worthless degree already and I'm already financially free). However, the more I learned about angel investing/VCs/ICOs the more I realized how structuraly overvalued ICOs are
https://forumserver.twoplustwo.com/3...awled-1708602/

You are young so you will probably ignore everyone and need to make your own mistakes in order to learn but I believe the best way forward to you is to just own BTC and finish your degree. The reason Balina did well was because he had the right strategy at the right time. He calls himself an investor but he really is an speculator/trader, he will dump any coin WAY before it has had the chance to deliver any real product, he only cares about the price. These alt coins strategies are just high beta plays on BTC but the main issue is that whole ICO gig is up. The best icos are not even making into ICO stage anyone, VCs will fund them privately and the public will not have the chance to get in. As a result only the bad icos are being made avaliable (the market has changed and Balina admitted that several times). They are already structuraly overvalued, with adverse selection, then its even worse. Its extremely unlikely you will repeat any kind of sucess similar to him

I estimate that at least 50% of Balinas portfolio right now ($2.5M last time I checked, so 1.25M) did not come from his 'investing' but rather from the free tokens he got from being an advisor (which 99.9% of people on the planet do not have access to). Furthermore, another part of his portfolio came from deals where he got in a pre-sales and had to put up a lot of capital ($50K+).
If you back these effects out, he probably could have made the same gains simply by buying BTC. He did say he invested $90K total in crypto
His value added in picking the right coins is probably vastly overstated by his marketing team

Even "good" companies would rather do ICO if they can raise much more money easier, with fewer strings attached. Why give up a lot of equity/etc to angel/VCs if they can just give random people worthless tokens that don't represent equity?

If random ICOs like CoinPoker can hire a few promoters, not even disclose who the hell runs or owns the company, and give out worthless tokens to buyers, imagine how much a legitimate company could raise.

Legit companies are probably staying away because there might be issues that arise later down the road when they try to raise additional rounds. VCs are also supposed to help the business grow via contacts and advice. Things like that.

Should have known it was the top once this thread was posted

https://www.ccn.com/ian-balina-hacke...email-account/

Ian Balina got hacked, lost $2M and his career is effectively over. If he cant secure his own coins, he doesn't know a thing about security and can't analyze an ICO properly. See OP, its nice to have a backup plan when shyt happens. A college degree (which Balina has) can save your arse when you need it

how's the realistic worst case scenario of 200% return/year going

to his credit he did put "realistic" in quotes

In fairness his range started at 0%.

Which is still insane of course.

Of course it's different this time!

Bump. Posts by regular, somewhat sane people wanting to quit to trade X seem to be a pretty reliable top pick for X. It seems 2p2 helped a little to save you from the worst decision of your life, although you know it was a bad idea and were looking to be talked out of it, so we only helped a little.

P.S. What's your $50K worth now? Did you sell at any point or just sit and watch it evaporate to $10K? Curious...the alts took a bath this year.