/biz/ - Business & Finance

So this is how shitcoins make money.

>>56683545
>my alts boom.
its a lottery, most altcoin charts end up looking like this

Is there anyone with a reasonable net worth (let's say around $300,000) that still gambles their money on retarded shitcoins?

How can anyone with a functional brain put money on shit that 99% ends like this?

Whenever I see people talking about shitcoins, they have small savings they hope to 10x+ on some random ticker, its truly sad

Best case scenario BTC reaches near ATH and dumps again at this rate. If it breaks to the upside, perhaps 100k with the ETF+ Halving hype.

However zoomers don't realize ETFs can be used as tools to trade against the price too. And some day the halving will fail to push the price to ATH.

And you are always putting your money on some asset all governments hate, except shitholes like El Salvador, thus giving the US, Russia, China and anyone with sovereign power to make it fail since they don't want it to be a viable asset to bet against their fiat currencies. Not to mention the war on "BTC is tooo fucking toxic for the environment" etc will star. There's no incentive beyond collecting taxes. If BTC becomes a challenge for the fiat empires they will turn it back into darknet prices by banning all liquidity aka exchanges. It may go high on the black markets but so fucking what if you cannot spend it for anything worth it. Inb4 go to some retarded banana republic exotic shithole to get robbed.

This is honestly fucking retarded. The time to make the real money is gone. Anyone still on this shit has to be going all in with 6 figures to retire on the next bull cycle.

>>29849965

>>26155795
>finally be secure
>ruin it by needing x10 more expenses and have whatever hair is left gone by the stress of knowing if you lose your income now it's not only you but your family that's fucked

Yeah having kids it's retarded unless you are rich.

Anyway, to get rich you need to take suicide gambles. Im trapped on the 6 figure hell and it's so clear. BTC is overpumped nonsense, even if you buy 350k worth (5 BTC) you need it to go to 100k to have 1 million, which will be way less than that after taxes, so back to 6 figure hell.

10000 worth of LINK costs 150k now. lmao. And you need an autistic 100€ price

Then you have the rest of shitcoins that can leave you holding bags forever with 99% chances

Life is about luck

when you get to 6 figure hell you will realize you missed all boats to become a millionaire

you need 350k worth of BTC to get 5 BTC and hope it goes to 100k

you need 220k worth of LINK to get 10000 LINK and hope it goes to 100

only people that luck out getting in early in the 0.00000001% of stuff that pump and stay high with good liquidity become rich, the rest just fight for the scraps. its all a big joke

>>24352834
Zoom out newfag your about to sponsor wourld tour again kek

>>23855520
Hahahahaha faggot
He's taken your money and travelled the world getting strap ons shoved up his ass by trannies

hoskinsöy thread
post'em

Because people think their altcoin will be the one that goes x100 when in reality they will be bagholding forever

>>20836214
>Zoom out.

>>20659098
>crypto

samefag pumping his bags

>>20564296
Every altcoin is exactly that.

>>20563690
Every altcoin ever story

>>20562219
there are no more crypto runs, only bitcoin runs, the market is too smart now and knows altcoins are scams

Daily reminder that altcoins only purpose is to extract BTC from dumb wallets into smart wallets.

>>20486002
None of this shit is like having anything. This is what every altcoin does on a long enough timeline. KYS you fucking newfags.

>>20299170
So your investment doesn't end up like this.

>>20298820
100% of altcoins have this long term graph

kys

Invest 100% of your salary on Bitcoin.

kys

>>20067939
>>20067969
>>20067885
>>20069131