/biz/ - Business & Finance

>>58506863

Really depends on the liquidity of the coin and market cap. Say you have $100,000 but the market cap is $50 million with $500,000 in liquidity, price will still crash but won't be TOO bad. If there's barely enough liquidity to cash out, you'll destroy the coin and price impact will fuck you. You should do a test, perhaps sell $5k and see how bad the price impact is. If there's almost none, then up your next sell to $10k and so on, until the impact becomes too high.

>>58319191

Anon, let me try to give you some advice. I felt the same way as you in 2020. I didn't buy until 2021 when everything had already gigapumped, but you're in a more fortunate spot than me. If you want to play it safe, there's 2 things you can do:

1) Buy alts now as they're actually still very cheap, most are -80% down from their ATH prices

2) wait 2-3 years until the next bear market, stockpile cash, and then buy when BTC corrects down to $50K or ALTS go down -90%.

Personally I would stack some mid cap altcoins and sell in a year or so when they 5x.

>>58314576

For those of you that don't know: Guy is a paid actor. He is employed by a marketing firm known as V3 Digital, which is owned by a previous goldman sachs banker. The coin bureau network is all employed under this agency. I do not trust him, or anything he shills.

>>58210821

Hey OP, been around a few years so will try to give you some half-decent advice. First off, don't listen to ANY cryptocurrency influencer. A lot of them will just try and sell you the crap they've bought to pump their own bags. I've seen 100s of different crypto youtubers and there's only been 2 that I have seen which are worth watching. Second, do your own research. For the love of god, learn what you're investing your money into. Ideally reading through a coin's whitepaper is a good start. Third, if you want to play it safe, stick to top 100 coins (BTC, ETH, SOL, etc.). Fourth, learn what a market cap is and how it can dictate the price of an asset (for example, bitcoin has a $1.3 trillion dollar market cap) which means for it to 2x from here, you will need another $1.3 trillion dollars into the market cap, a tall order. Lower market cap can mean higher return, but higher risk. Safest coins are usually 1 billion and higher market cap (excluding meme coins). Fifth, figure out your risk tolerance. Everyone is different. There's usually 4 types of tolerance:

- Safe
- Moderate
- Risky
- Dangerous

Safe would just be buying bitcoin and ethereum, which will probably be a 2-3x return within a year or two. Moderate will be buying higher cap alts like ADA, Matic, Link, etc. Looking at a 5-10x return if they do well. Risky would be buying lower cap alts (loopring, iExec, BAT, etc.) stuff between $100 million and $1 billion. Will possibly see a 10-15x return if they do well. Dangerous would be just buying memecoins with your money. Personally, I have 50% of my portfolio in Bitcoin (Safe), 25% in higher cap ALTS (ADA, Matic), 15% on lower cap ALTS (LRC, BAT) and 10% on either very low cap altcoins (less than 100 million) and memecoins. Also, tools like tokensniffer and honeypot.is will help you out if you're into risky plays, as they scan tokens for suspicious contracts. Dextools is also an option. Figure out what works for you anon, just be careful. Good luck.

>>58207433

Extremely rare. For every person you hear speaking about making a 1000x, there are hundreds of people who lose money. Most people don't make that kind of ROI.

>>57990695
>>57992828
>>57992991

Newfags. Satoshi has not logged on for 13 years. He regularly posted on the bitcointalk forums and confirmed that he had deliberately lost access to that wallet, burning 1.1 Million bitcoin ($80 billion fucking dollars). The seed phrase was burned and the wallet is currently inaccessible.

>>57973822

Holy shit, extremely based and informative post. I guess nobody has responded to you yet because 75% of /biz/ are zoomers with a rotted, no good attention span. Good redpill, anon. Thanks.

rode BTC and ETH up through last year safely. made gains in some fintech stocks as well but now it's time for alts.

I need $10MM by EOY 2025, or $5MM EOY 2024. What's the best way to do that?

Currently looking at AERO (was looking at it at 0.09, fml but thank you to the anon who shilled a few days ago), CGPT, GRT, DCK, RNDR, and ken!s (even though the one man show isn't very inspiring). Clearly AI will be a big trend this cycle, and I'm all for speculative bullshit, but I also want some tokens with solid fundamentals in case 100k+ BTC takes longer than expected to hit. need to be comfy in case -50%

Rules:
- dont post dogshit (has to be listed on CMC or at least launching soon)
- your thesis
- your position

I have another ~$400k in stocks (total liquid nw 1.4mm) and am willing to sell it all into tokens with exceptional shills.

>>57712166
>>57712228
>>57712633
>>57712682
>>57712788
>>57712822
>>57717467
>>57718460

Alright time to spoonfeed the newfags. First of all, learn what a dusting attack is, these are most common in airdrops but can happen to random people who don't even sign up to airdrops:

https://cointelegraph.com/explained/what-is-a-crypto-dusting-attack-and-how-do-you-avoid-it

TLDR; If you have signed up to a random airdrop or just have random crypto in your wallet that came from nowhere, you could be targeted by a crypto duster. They usually try to track whales and find ways to syphon the money.

>>57715790

Bingo. This is why I avoid airdrops like the plague, no matter how legitimate they seem. Do not ever trust them. This is likely how OP had his wallet syphoned.

>>57712873
>>57717153

Do not EVER fucking keep your seed phrase on your computer. Good lord. There's 2 ways to keep it safe:

1. Write it down on a piece of paper and store it somewhere safe, paper cannot be hacked.

2. Store it on a USB that is disconnected from the internet and create a faraday cage, whenever you plug this in to retrieve your phrase, make SURE it is plugged into a spare laptop that you have never connected to the internet. Sounds crazy but it's the safest way.


>>57717404
>>57718637
>>57718391

Metamask has to be the worst place you can possibly store your cryptocurrency, just in a random browser that can easily be compromised by clicking on a wrong link or downloading a malicious file. You're 100x better storing it on an exchange, like coinbase, gemini or kraken. Although this is still far from the best option, a hardware wallet really is the safest bet of all. Trezor seems to be good, just set it up and send your bitcoins there.

I am not an expert in any regard. I have just learned quite a lot over the years from watching other people. Thanks for coming to my TED Talk.

>>57388775

First of all, we probably won't be around in the year 4 billion. Secondly, even if we are, cryptocurrency will be long gone and something far more sophisticated will have taken its place. Finally, even if by some miracle bee tee cee is still around in 4 billion years, there will be so little of it left that it will be divided in to satoshis.

>>57354476

To a homeless person, yes. To a multi-millionaire, no. It's all a matter of perspective.

>>57334233

Up to you. Do your own research, really. Safest bets are Bitcoin, Ethereum and Cardano. They'll do 3-8x probably, a nice return on investment. If you want to play it slightly riskier but still moderately safe, mid caps ($100M - $1B) are your next bet. Stuff like BAT, GRT, etc. Probably a 10-12x return in those sort of market cap coins, only assuming they do well. Or you can play it risky and have a high risk, high reward mindset. Investing in coins that have $10M - $100M market cap. AllianceBlock, Fuse, LTO, stuff like that. You'll probably see a 15-20x if those kind of assets do well, but it's a risky play and there's a good chance those coins never pump. Depends how you want to invest.

>>57318583

You will never make an ICP holder realize the truth. They are married to their bags and will sink with the ship, you're wasting your breath, fren.

>>57218895

Thanks anon. You seem like a wisefag.

>>57217799

Price pumps initially +10% to around $50K, then dumps as everyone sells en masse, then crabs sideways for most of 2024.