/biz/ - Business & Finance

some newfag from the stock world was asking for advice about crypto, but I lost the thread
thought I would post my reply here
>there's no CNBC, Wall Street Journal, or Bloomberg here
>nothing that has no or known bias you can rely on
>anyone telling you to buy a coin is shilling so you take their bags
>anyone saying anything critical is drowned with cries of FUD
>you have no reason to believe anything anyone tells you
>the only people telling the truth are the people telling you to DYOR
>if you're not smart enough to DYOR, this market is not for you
>also, people are seriously fucking deluded about TA
>but there are no good valuation models for FA, so what else is there
>everyone just relies on a bull market to make money
>bull market makes everyone think their shitty strategies are gospel truth
>but really, everyone's just winging it
>most ICOs will never deliver a profitable product
>there are fundamental flaws in crypto that people think they can ignore forever
>you can make more money scamming people than figuring this market out
>and you probably won't go to prison for it
>or for legit easy money, figure out what shovels to sell in this goldrush

shill the non-believers ...shill