/biz/ - Business & Finance

I currently have no coins whatsoever and only want to buy Bitcoin so I get to feel like I'm living in a comfy cyberpunk future in which crypto has replaced fiat.

On a scale of 1 to 10 how bad of an idea is this from a business perspective?
Also, is coinbase actually bad because everytime I see it mentioned people respond with >using coinbase. Yuropoor here, if it makes any difference.

I would like you to read this post Anon.
This is a moment in your life you'll never forget.
You will remember this forever, the moment you read a post telling you to buy ETP at the beginning of a very long trip.
I don't care whether you do it or not, but I want to come back to this board and see posts reminiscing on this exact one.
Adios, /biz/ - never change!

I've been in crypto long enough to give you a hint for quick flip.
I don't necessarily believe in Sia, but it has ALWAYS moved when DGB has. You can expect a small change, but at sub 100 sats its a good buy and flip.

>>3772666

>>3750074
Well I would diversify.
I would do
25% BTC
25% Eth
25% Neo
25% OMG

Maybe just BTC and Eth if you are unsure about the bottom two.

Everyone is shilling their flavour of the week shitcoin on biz but they usually dont last long.

Remember to only invest what you can afford to lose.
I invested 5k half a year ago, I know have 30k and took some profits a while back.
95% of my net worth is in crypto now.

>>3750119
This changes nothing to current holders, they dont earn anything atm except for airdrops.
And value increase ofcourse.

T. bought eth at 12 dollars.

ELIX is mooning. Passed 11c just now. Should I get on this train /biz/nissmen?

>>3413818
We already have one of those, its called real life.

The final wave is beginning

>>3025808
You might actually be more sane then the average person.

>"So you are investing in btc, thats pretty brave, isnt that risky?"

The average person is so risk averse, it really amazes me.
Take a risk,
win = profit
lose = lesson = also profit (assuming you dont make the same mistake in the future)

>>2997355

>>2848739
depends on your skillset.
crypto would be a realistic bringer of gains especially if you have a reasonable amount to invest.

>>2782875
This

also fundamentals haven't changed.
Did you guys expect the market to only go up?
just hold if u still trust the fundamentals and maybe buy more if u can afford it.
If not, this crypto game might not be for you

>>2740900
>in this instance, inflation occurs because there's now more money chasing relatively fewer goods

So they say its an effect of the printing the money here.

>causing the general price level to rise
So your money has lost value

>This leads to growth in the economy
So people can take cheaper loans for more business startups and more mortgages.
This makes sense.

Still alot of words to simply say, money is now worth less so you will have to spend more. . .

>>2740915
This is why people argue its better to hold assets which will hold value through inflation.

>>2740937
Imo its more money then fiat, but I guess its all a matter of perspective anyway. . .

What's the worst FOMO you've been hit with?

I'm starting to get pangs with Digibyte desu.

>Be me
>Invest in crypto end 2016 early 2017
>quadruple investment
>Continue to work wagecuck job and invest some along the way
>2020 1 Btc is now 250k
>Leave job to travel for a while
>2030
>Crypto is globally adopted
>1 Btc is ~ 5 million
>Trouble raising my kid since he will never know struggle or difficulties in life
>Am in top 1% and happy, somewhat sad that my friends resent me for my financial success

>>2553678
Eth is having some trouble now, be patient

>>2511872
>be me
>Invest around 5000 in months february untill now
>Now hold 20k
>be 2020
>I quit my job and start traveling the world.
>I now own more then 1 million usd worth in crypto
>be 2030
>the USD has collapsed
>crypto is mass adopted
>Be among the top 1%
>Have trouble raising your kid because he cannot learn about hard work and disappointment
>Overall happy but friends hate me for my financial success

A broken clock is right twice a day

>>2251862
>I told my parents about crypto and they laughed.
I understand you, mate. Back then when Bitcoin was nothing I started mining, but my stepfather said something like "Anon, just stop, your wasting electricity and we must save" and I uninstalled it. I think that, even nowadays, he don't understand the consequences of these words.

>>2212823
Bump

What exchange should I buy on? Is now a bad time to buy?

>>2119202
Kroc is a fucking villain. The brothers family now has to watch that company grow and grow and they will never see a dollar. Pretty fucked up.

>>1670473
Because i'm an idiot and splurged my whole salary away. Beyond the point.
>>1670469
Might offer this, thanks