/biz/ - Business & Finance

spy 397c 18 march

>>30392362
>if your valuation is at 4 digits:
- your too poor to even play crypto in the first place - I.E to make it you need to absorb a shit ton of risk and gamble on 1-2 moonshots. high chance of blowing up but also best odds to make it.

-going into 20 different coins with only 5k means your gains are minimal. also all alts are correlated to BTC and you are not diversifying your risk, only minimizing your reward

>if your valuation is at 5 digits:
-congrats you are onto something here, you are ok to diversify a bit more, but mostly keep into a few concentrated bets with highest risk/reward ratio and good fundamentals, be patient and wait.

if 6 digits:
-congrats go back to btc/eth/link + small alts/defi exposure, preferably blue chips Defi (by this time you should know what to pick)
-potentially try dipping into yield farming

after that you will be making it and good luck

UBI would fix so much... it would let useless humans stay on their 1k/ month and live with that, and let the rest of us who actually want to do something with our lives keep doing what we strive for.