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/biz/ - Business & Finance


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14008865 No.14008865 [Reply] [Original]

Zoomer here, 18 years old. I'm going to get scholarship money soon and it's about 1000 dollars worth. I'm looking to make more money buy investing it somewhere, I don't know where to start though.
What should I do with it. Wasting it on school/college seems pretty cringe and obvious to me, I want to be smarter with this since this is the first time I've had over 200 bucks at once.

>> No.14008881

ChainLink

If you don't put it there you might as well not go to college either because it won't end well

>> No.14008916

Go for Aion. Virtual Machine on Java soon

>> No.14008927

>>14008865
>Zoomer here
invest in a gun and kys

>> No.14008935

>>14008865
HOT/HOLO for gains/multiples
BNB as a hedge vs ETH/bc chinks always pump
BSV because of the tulip trusts
LINK because it is THE smart contract thing
XMR because the feds won't let their honeypot die

>> No.14008939
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14008939

>>14008865
>50% btc
>35% eth
>15% link

>> No.14008942

>>14008865
buy req

>> No.14008964

>>14008927
t.30 year old boomer

>> No.14008985

>>14008865
LINK. No seriously, LINK. If you are looking for a quick PnD, go elsewhere. If you would like to retire after college, put all of your money in LINK.

>> No.14008993
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14008993

>>14008881
Second

>> No.14009016

Ethereum.

All the rest are memes, including BTC.

>> No.14009036

Ignore all stinky linkies, 70% BTC, 20% ETH, 10% whatever scamcoin /biz/ shills you into buying (most likely LINK since you're a shit for brains zoomer)

>> No.14009049

Just because Im a good person..

Dont invest in crypto now, wait at least a year, things are gonna get ugly

>> No.14009066
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14009066

>>14009036
>>14008865
One more thing OP, this is the best image you'll ever save

>> No.14009103

>>14008865
The question is how long are you willing to hold? Do you want something you can forget about for 3-5 years? 10? More? If you have a shorter time span in mind, you probably want to look into trading (vs investing)

LINK is a good hold for 3+ years. But only BTC and ETH are guaranteed big runs - for other alts it depends heavily on whether their tech works, and more importantly their performance in the market, i.e. are they gaining users and/or partnerships.

Those that do will be in for a big boost, possibly more % than either BTC or ETH. To find out which you need to DYOR.

Also, random shitcoins will moon. /biz/ will talk about it. If you know how to sort out the filth on this board, you could make life-changing money

>> No.14009148

>>14009103
Probably around 4-10 years, I don't mind just forgetting about it until 2029. If it's not after I graduate college then I'll probably wait until 10 years comes around.
Also, I've been lrumijg for like a week and I still can't differentiate the shit from the gold. I'll keep lurking.

>> No.14009166

>>14009148
*lurking
What the fuck...

>> No.14009172

>>14009148
Then buy 1k link

>> No.14009193

>>14009148
The shitcoins are really easy to spot wtf are you talking about. The PNDs only post memes and there is never any posting about the actual tech. The legit projects you'll see memes and shitposts but also predictions for the future and an explanation of why.

Also, shitcoins don't last for more than a month with a few exceptions but 99% of crypto is like an early access game that never leaves it's alpha phase and everyone eventually forgets it existed

>> No.14009215

Hey bud, the best investment lesson you can learn at this time in your life is to not chase moonshot returns. $1000 is a good bit of money, but you’re not going to live off of investing just this $1000.

Take it and put it toward schooling, honestly toward trade school. Get yourself certified and on the job, have benefits and begin saving.

First begin simply saving your money. From 0 to 10k net savings, put 10% of every dollar saved into short term treasury bills. Every month or so buy a 12 week treasury bond. The rates are low, but they’re better than a savings bond. Once you reach the point where you have 3-5k in Tbills, begin reinvesting the principle, but setting aside the profit from each bond into a separate investment account. It won’t be much, but it’s a consistent weekly source of additional income for investment.

Start adding to this base investment income per pay period, but now 30% of each dollar saved. Split it reasonably between stock ETFs and bonds. Dollar cost average into the ETFs and ladder into 1 through 6 year treasury bonds. Wouldn’t hurt to have 5ish % in Precious Metals.

Only once you have this base do you fuck with risking money you can’t afford to.

TL;DR get off /biz/ go to trade school and don’t borrow money you aren’t prepared to pay back 110 of principle

>> No.14009217
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14009217

>>14009103
Sorting out the filth on here would take god-level powers of discrimination. From shilling shitcoins to trolling and shitposting to psyops, you can't take anything posted here at face value.

>> No.14009218

>>14009193
To be fair most of the board is basically meme coins.

>> No.14009219
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14009219

Bitcoin SV

>> No.14009246

>>14009215
Don’t listen to this boomer fuck

>> No.14009252

>>14009218
Yes, that's what I just said. If you want to know what to buy, buy LINK. Once you're done buying link before it takes off without you, read up oldfags don't want you to see this:

https://imgur.com/a/R2Pm5xE

https://link.smartcontract.com/whitepaper

https://www.smartcontract.com/

>> No.14009282

>>14009218
Also like this anon said
>>14009246

Don't listen to the fucking boomers, they're going to sit around with their dicks in their hand reminiscing about the money they made back in the day and how kids these days aren't real men putting all their money into a 401K like me. Meanwhile the actual opportunities will pass you by, I fell for the stocks meme at first because I wanted to practice before getting into crypto and missed out on the easiest 30% gain of my life in BTC

>> No.14009317
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14009317

>>14008939
If you think you can afford to take risks I would reverse the percentages on those

>> No.14009336

>>14009215
Get a load of this boomer

>> No.14009350

>>14009317
50% Link
35% ETH
15% BTC
Right?

>> No.14009365

>>14009350
Yeah, it's more gambling/luck that way but you can make more faster.

>> No.14009372

>>14009365
My luck is awful, I'm probably gonna do it for the long term.

>> No.14009397
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14009397

>>14008865
All in on dogecoin.

>> No.14009402

Call me a boomer all you like but slow, predictable compounding growth with continual additional input is time tested and reliable way to grow wealth

>> No.14009407

>>14008865
Bsv.

>> No.14009424
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14009424

>>14009402
>Can't even reply properly
HAHAHAHA

>> No.14009430 [DELETED] 
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14009430

>>14009372
I read pick related invested in ETFs and took a gamble on GXY in aus after doing a bit of research in lithium in earl 2015. If I held it would of been a millionaire.

You seem smart enough, do you're own research and trust you're judgement. Investing isn't hard. people just think it is. Crypto isn't a gamble either. Men just fear what they don't understand and its not going away.

>>14009350
This is good

>> No.14009440
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14009440

>>14009402
That's nice but there's a stoner somewhere that made 5X your entire life's work wageslaving because he bought some bitcoins for like $4 and forgot about them after taking too much LSD.

I think I'll stick with the volatile new age disruptive tech and deal with a 10% potential I'll retire before 35

>> No.14009445

>>14008865
good on you son

>> No.14009449
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14009449

>>14009440
Fucking based.

>> No.14009453

>>14009424
Did I stutter or something?

>> No.14009454

>>14009430
wtf is this, someone who has done both traditional investing AND crypto? AND he's giving decent advice? You don't belong on /biz/ my good man

>> No.14009458

>>14009445
Thanks, it was the easiest shit ever. I think I was like 1 of 20 people who applied to the scholarship.

>> No.14009491

invest in a car so you can get a job. invest all your earnings from your job into bitcoin.

if you are diligent about this, you'll be retired by age 33

>> No.14009515
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14009515

>>14009453

>> No.14009743

Buy my shitcoin OP

>> No.14009750
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14009750

>>14008865
All in on BSV

>> No.14009774

>>14008865
Open a robinhood account

>> No.14010102

>>14008865
You missed LINK
You missed ETH
You missed BTC
Why miss PAI? Project PAI is going to TAKE off in 2019 and the brainlets that
don't invest now will forever regret it. They recently partnered with Tencent, Softbank, Newdo Venture, HTC vive, Idealab, dreammaker entertain, and many many more. Obviously Tencent and HTC vive being the big players - google it your self & DYOR.
I'm only here to let my good brotheren know about it.
Shilled? Good.
You can find Project PAI (PAI) on a couple exchanges like Forkdelta, Huobi, and bitforex below or google it your self


https://beta.forkdelta.app/#!/trade/0xbd1bdc68c6858f74492eb0fa41a8a960b478470a-ETH


^ Exchange link ^

If you are not a sub IQ sewer dweller you can get it for about 30% cheaper on forkdelta. But it is mplicated to use for a newbie. IF you're new I recomend doing research on how to use decentralized idex and educating your self.

Enjoy your best shill of 2019 /biz/ retardos and see ya in your 2019/20 lambos

>> No.14010116

>>14010102
This or bch OP

>> No.14010121

>>14010102
Tencent always wins. The Chinese ALWAYS win. Just dropped 3eth.

>> No.14010128

>>14009774
Robin hood kek more like retardhood

>> No.14010131

Btt

>> No.14010148

Tron is going to 5x soon I think op heh

>> No.14010175

>>14010102
Unironically this is the goat choice. Thanks niggie.

>> No.14010186

>>14010102
Delete this shit downy you're ruining the easy arbitrage

>> No.14010210

>>14008964
Nah he's right. You're going to throw away $1000 that you could use to better yourself because you're lazy as fuck.

>> No.14010586

>>14010102
Based

>> No.14010590
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14010590

>>14008865
Red Pulse Phoenix if you wanna turn your 1k into 100k

>> No.14010954

Btt

>> No.14011500

>>14010590
LOOOOOL

>> No.14011572

>OP is going to lose everything: the movie: the game: the thread

>> No.14011626

Buy bitconnect cash

>> No.14011639
File: 194 KB, 1200x1200, UND.png [View same] [iqdb] [saucenao] [google]
14011639

>>14008865
Buy UND.
https://coinmarketcap.com/currencies/unification/#charts

>> No.14011868

>>14008865
100% BTC

>> No.14011922

>>14008865
Buy ethereum

>> No.14012485

>>14010102
Unironically this

>> No.14012508

>>14010148
unironically this, justin sun will just make a meme or post something for fun and people will be like OMG IS IT REALLY THE NEXT ETHEREUM?

>> No.14012526

>>14008865
Deere stocks have been comfy recently, also TSMC pays dividends in june which looks also pretty comfy

>> No.14013173

Unironically tron

>> No.14013628

Nothing suggested here

>> No.14014252
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14014252

>>14008865
Short PUT MSFT
LONG CALL any weed stock

>> No.14014404

>>14014252
How good is traditional investing vs cryptocurrencies?

>> No.14014490

Kind of a stupid question but why won’t it let me buy LINK anywhere?

>> No.14014645

>>14014404
Don't ask me, I don't know what I'm talking about, just like everyone else in this thread.

>> No.14014668

>>14014645
Based

>> No.14014703
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14014703

>>14008881
>>14008993
>>14008865
You'll regret not buying Chain Link for under a dollar anon.

>> No.14014724

>>14008865
Dyor and buy Link

>> No.14014735
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14014735

>>14008865
Honest to god, this is the perfect opportunity for acorns and/or robinhood.

You could it into an acorns account, give it an aggressive strategy and just passively make 2-4 % without worrying too much about details.

You could also put it in robinhood and trade stocks for free (best option if you want to actively trade and invest w/o fees).

You could do like a 70/30 acorns/robinhood split too, as if you're learning to invest or trade there will undoubtedly be some "oopsies".

>> No.14014807

>>14008865
it depends, link is good one for profit.. for now because that might change anytime soon as the crypto space is unpredictable.
If you are looking for long term investments, you might as well look into the ECOMI project - Excellent use case, billion dollar market and a seamless app + wallet being developed for gamers and collectible lovers alike.

>> No.14014874

>>14008865
You will fuck up and waste that money on either shit coins or options on Robinhood. If that’s what you end up doing, then I propose a better option. Get a pound of dope and start selling that to your other 18 year old friends. If you live in a legal state then just put it in a CD.

>> No.14014934

>>14014874
Honestly drugs are the easiest way to make money
And OP seems smart enough to have a scholarship in the first place so I hope he’s not stupid enough to get caught

>> No.14015169

Fantom and it's not even close to the best spot for 1k. 1000x is 100$>100k. 1000$>1mil

>> No.14016285

>>14010102
Unironically a gold mine

>> No.14016761

>>14008935
>XMR
>Honeypot
lol retard

>> No.14016794

>>14009215
>implying the bond market wont collapse in the next 5 years

>> No.14017408

>>14014645
Screencapped this. Had to. Thank you sir

>> No.14017410

Bitbean

>> No.14017496

Spend $900 on the hottest escort you can find and get your soul sucked out through your dick after she rides you so hard that you won't be able to walk her to the door.

Now that you have experienced getting fucked so hard that it changed your life, toss the other $100 in Holo and tell the escort to buy doge.

>> No.14017977

>>14010102
Arbitrage 101 based kek

>> No.14018297

One word OP. LINK

>> No.14018321

>>14008942
kek'd chek'd and req'd

>> No.14018851

Link

>> No.14018887

>>14010102
I am also an 18 year old zoomer what is so good about this shit and please explain in brief I need to get back fortnite and teenage sex

>> No.14018910

>>14008865
>seems pretty cringe
>first time I've had over 200 bucks
Please be bait

>> No.14018943

>Investing money in the most volatile market just before a recession and before tether collapse

>> No.14019028

>>14018887
Transfer the ethereum into forkdelta - accumalate the Pai, WITHDRAWL the pai, and send the pai w/ your metamask wallet to huobi or what have you.

Rince & Repeat. I better get a fucking thankyou kid

>> No.14019103

>>14019028
Unironically a boomer giving a zoomer advice. Based.

>> No.14019115

>>14019028
I'm gonna go down the pub and I'll try to figure out what you mean when I get back. Thanks boss

>> No.14019147

Btt or tron

>> No.14019152
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14019152

>>14008927
4u boomer

>> No.14019153

If you aren't all in on bch you're a retard lol

>> No.14019161

Niggercoin

>> No.14019202

Just buy Bitcoin.
Or DYOR and find two decent low cap gems that potentially can 1000x and put 500 bucks in each, if one of them 1000x you'll have 500k.

>> No.14019267

>>14019202
Big brain award goes to professor dipshit

>> No.14019298

>>14019153
name one reason to be in BCH over literally anything else including BTC and BSV

>> No.14019342

>>14019115
Damn I'm not american or chinese any chinkies want to help a brother out? I had a chinky for tea so I've been supporting you.

>> No.14019361

>>14008865
chainlink

you wont need to go to college

this is not a meme

>> No.14019382

>>14019267
What's the problem?
Imagine investing 500 bucks in antshares at launch.

>> No.14019423

>>14019342
Kyc is a joke man. Google random peoples IDs and use them everyone does lmao

>> No.14019450

>>14019382
I could hit the lottery too doesn't mean I'll play it professor asstard

>> No.14019595

>>14008881
based and redpilled

>>14008916
absolute dogshit, might as well buy sparkster.

>> No.14020239

BITCOIN. CASH. CRAIG IS THE REAL SATOSHI

>> No.14020493

>>14010102
https://etherscan.io/token/0xbd1bdc68c6858f74492eb0fa41a8a960b478470a
>Last transfer 90 days ago
>Market cap $0
>37 transactions total
>90% of tokens held by one address
Whitepaper for actual project says:
> A future two-way peg event13 may allow Ethereum ERC-20 tokens and other off-chain
coins to interact with the PAI Blockchain as well
>Not even actually an Eth token

Nice job with managing different ids for your samefag shilling though, I give this scam a 4/10

>> No.14020584

Eth

>> No.14021308

Based zcash

>> No.14022265

You are going to get a ton of bad advice on Biz, but I will try and give you something to run with.

I actually started off in crypto in a similar situation to you back in early 2017. I was given some money from my company to relocate, and I ultimately took it all and invested it into crypto. That said, it was a great decision, and I would have to say it's a great play for you as well considering the market just tanking and looking primed to rebound.

I've learned a lot through my time in crypto. With the amount you are investing I would take a risk tolerant approach, and ultimately invest heavy in something you really believe in. If you do things right, you can compound gains on top of one another, and really turn that 1K into a lot of money quickly, assuming the market goes full bull again. If I were to recommend one project to start with, and hold long term, it would be Holochain. I know quite a bit about the industry, and have really studied almost every project in the market, and holochain stands out above anything else right now. Obviously, always DYOR, but this would be the strategy/coin I would recommend you take/invest in. Best of luck!