/biz/ - Business & Finance

Stage 0: Reluctance
>"Crypto's a fucking scam. Lmao if you actually buy that shit"

Stage 1: Bitcoin
>"Hmmm okay maybe I'll buy some Bitcoin after all, blockchain is starting to make sense."

Stage 2: Top 10 Alts
>"Woah, coins like ETH and LTC have way more room to grow and have a stable following. Fuck BTC, it's a dying old wasteful piece of shit anyway."

Stage 3: Tokens
>"Holy shit, tokens like OMG, VEN, LINK, and REQ are going to literally change the world. Fuck ETH and LTC."

Stage 4: Low Cap and ICOs
>"At this point, I understand these markets. Shit like OMG and VEN are way too overvalued. I'm going all in on ELA and JNT. Way more room to grow there."

Stage 5: Understanding
>"Wait a second, most of these coins and tokens are extremely centralized and sensitive to whether the company can even procure business. Are they still even crypto? I guess I'll just hold. I mean, I'm diversified enough I suppose."

Stage 6: Peak Knowledge
>"These tokens and centralized coins defeat the purpose and are literal gambling. Decentralized currencies and commodities like BTC, XMR and ETH are basically guaranteed to stay afloat. Everything else is glorified stock in shitty start-ups, 90% of which will die because the devs just stop updating. Maybe I'll toss 10-20% of my investments into low-cap shit."

Stage 7: Patience
>"I know what I want to buy, but market sentiment is still negative, and it'd be wise to dollar cost average my way into each holding. While that's happening, I'll trade futures w/ minimal leverage to make meager profit until I fully enter my long-term positions."