/biz/ - Business & Finance

>old money
>not white

>>7743562
non-human non-white detected

Hey /biz/
Quick thread and won't stick around but:
A group of tier 4/institutional accounts at Kraken just went through after months of being on hold
I also know of an investment group waiting for a large volume fiat portal through another exchange that just got approved today
Looks like the homie AB may have been right...

Oh yeah fuck me I'm a fagoot blah blah blah

PS- I realize I fucked up a few things off one of the last threads (examples of research sheets and how I set exit points etc.). I've got a couple nights off with the wife next week and one of em I'll just drink and do all that stuff/shitpost here

Blah blah blah I'm a faggot etc.

For those of you who recognize me I thought I'd pass this along:

I was talking to a friend I know through a prior biotech project who is wealthy but not super rich (I'd guess somewhere around 200mm nw) and he said nearly the exact same thing that AB said about trying to purchase crypto right now. Basically he's a guy who is used to making a phone call and getting his money transferred where he wants it rapidly and he's unable to get a large volume account approved on any major market.

We talked a bit more and I asked about a few of the other AB things. He said he agreed that a lot of the high net worth investor class was in fact caught off guard by crypto, mostly because the usual front line people in those circles that find the cutting edge investments had been bearish about bitcoin and that was essentially viewed as a surrogate for DLT. Now that everyone "gets it" there are at least a few very wealthy people looking to get large sums into the actually useful DLT projects and currently can't. They're doubly frustrated because they all believe (again just like AB said) that exchanges and early insiders are consolidating positions before opening the floodgates.

Practically that means that ponzicoin and the like are going to get shredded in the next couple of months but if you're holding actually useful shit that makes sense to traditional investors (QSP, ETH, XLM ?maybe LINK etc.) there will be a flood of sophisticated investor money coming your way.

No, I'm not going to post a timestamped dickpic etc. Either believe me or dont. I'm a bottom tier 1%er with a reasonably sizeable crypto portfolio.

AMA for the next 30 mins.

If you have a little patience, here is the most important post in the history of /biz/:

2018 Moons

Q1: XLM
Q2: LINK
Q3: ETH
Q4: XMR

AMA

If you buy something and it dips, find out why and act accordingly:

XVG dips because the shit tier devs didn't deliver. And oh yeah, the tech was always dogecoindark.

Sell XVG before the price tanks

REQ dips on no news because markets fluctuate.

Hold REQ; if you want to increase your position, buy the dip

It's that fucking simple.

ITT we post useful information that people on this board should know but don't

>>5730278
Mod is better in every way

Everything I read is lies. I feel like its the lies we all tell each other and know what the truth is but sometimes its like taking crazy pills. The only thing you can't say is the truth.

Examples:

Crypto:
Bitcoin is tech that should have died a long time ago. Its only not dying because of brand association and the greater fear that bringing down the name bitcoin will suck money out of DLT which is the true technological revolution of this decade. So even though everyone knows it, nobody can say it because it hurts literally everyone's interest at this moment.

Politics (US):
We know at a fundamental level that we deserve better leaders than this. Past presidents led charges in battle and kept giving speeches even after they'd been shot. Nobody since maybe Reagan is cut from that cloth. The American people looked at the next round of garbage and took a huge gamble on a narcissist entertainer and guess what? Its working out. That's why America wins rest of the world- because we have the magic sauce of smart hard working people who aren't afraid to put their balls on the line when the time is right.

Women:

Next post

Biz,

1. You are idiots. You're in the middle of a raging bull market and you're doing everything wrong. An insane bull market is one that gains 80% annually. What's blockchain going to do in 2018?

Step back and think for just a second:

- Asset class with clear but non-obvious use case
- Asset class with significant (current) barriers to entry which are about to disappear
- Asset class that very high IQ people (135 and above) currently understand but the majority of folks with the money (IQ 110-130 who aren't so smart as to be neurotic cowards) don't yet understand. And no, "bitcoin is cryptocash" doesn't count.

What would any reasonable person do knowing this?

2. Despite this, I love you fags. I got a few good alts off this board, good laughs, humor in an era where the joke is dead. I used to be you.


I owe this board a debt. It's time to repay.


In the next three months (Dec 2017 to Feb 2018) I'll be pumping an asset.

"Pumping" doesn't mean some magical rich guy "manipulating the market." If you understand anything about how liquid markets work you get that this notion in and of itself is stupid.

Pumping for me means doing this:

- Find asset with huge untapped user base that happens to be wealthy
- Infiltrate the normal channels in which they get information and make the best use case I can for their adoption of the tech
- Spoonfeed the use cases, backgound and practical steps to them

Obviously after I've accumulated a fair bit of that asset.

For the next hour I'll answer anything. Only questions I'll dodge will be those that out me.

Have at it Biz. Or don't. I don't care. After 8:15 Eastern my debt is paid.