/biz/ - Business & Finance

1. buy link
2. incrementally increase the amount you hold

you'll get stronger from your progressively heavy bags

i dunno just go all in link. maybe it'll be worth something in a couple decades.

>>15720153
>>15720155
what is link?

>>15720201
a meme coin that disappoints every single time it's hyped

is cryptocurrency trading anything like forex?

>>15720099
Because you're a fellow homosexual I will help you out. Buy Link. Don't listen to anyone who tells you that's a bad idea, they are the same type of person as those who say 'You look fine just the way you are!' or 'I don't want to get bulky, I just want to be toned,' which is to say they want to sabotage your gains.

>>15720201
it's just a right of passage. you aren't one of us until you have a sizable amount of your net worth in it. it's the heaviest weight you can lift here.

>>15720213
>sign up for coinbase account
>buy 2500 LINK with your credit card
>achieve financial freedom by 2025

nothing can go wrong with this plan

>>15720237
>>15720248
>>15720250
How does one get started?

>>15720265
see
>>15720250

>>15720099
Just invest in something called an index fund. The fund manager combines your money with everyone else's in the fund and spreads it out over a wide variety of investments in a way that balances the returns and safety of the portfolio. Your get 8%-10% gains each year; keep those gains in the portfolio year after year and it gradually gets bigger at a faster and faster rate

That's your best beginner program. Crypto is risky--you could gain a lot but also could lose a lot. If you're interested OP, read the Chainlink whitepaper and make the call for yourself. But anyone who says investing in LINK is a safe bet / sure thing is an idiot--that ship has sailed (/biz/ bought LINK two years ago at $0.20, it's now at $1.70 and peaked at ~$4 over the summer)

buy ETH as well frend, it's the safest option and you will get sick gains, screenshot this, don't go all in chainlink, u can try 50/50 or something like that

>>15720309
Wow so the one's telling me to buy link are like the dyel in /fit/ memeing people to gomad+SS

>>15720340
dude just buy ETH and hold it for 2-3 years and you will thank me for the rest of your life, hope yo u remember this

>>15720099
Buy link. Hold for a few years and then come back and repost the same question

>>15720340
Kind of. Where the analogy fits is that most people shilling link here are linklets who won't make it unless LINK goes up in value by 100x or more, so kind of like dyels on /fit/ acting like they know what works.

Index funds are what people use when they've done well enough to have money to invest but don't have investment knowledge. Like I said, basic beginner program that will give you solid gains

>>15720340
Link is probably the biggest /biz/ meme. Some anons shilling it are larping, some anons unironically believe in it, and some anons just want to dump their bags on you.

>>15720428
This. Buying and holding an index funds/ a very diversified portfolio is the way to go for 95%+ of retail investors.

>>15720430
Wow. /biz/ is a worse cesspool than /fit/. but thanks man

>>15720428
That's even sadder that linklets are dyel and poor.

Unironically I lift using my silver stack. It's 11 pounds and I've been getting /fit/ because of it.

are u from sweden? go away autist and take ur greta to ahmedstan

>>15720099

I would strongly advise to sit in CASH currently as the debt market is beginning to implode, aka, assets are about to go on sale. Converting cash to stablecoins (I prefer USDC) and depositing into Celsius Network currently yields 9.25% APY which will smoke most investments for the next year or two, plus, you have cash to buy the real goodies (stocks) on the cheap cheap.

>>15720248

It's rite of passage. Like ritual.

>>15720099 This is a crypto / gambling board, you won't find good financial advice here, just people trying to sell you snake oil. With that being said, just set up a managed fund and put part of your paycheck into it every week and reinvest those dividends back into it. That way to you can focus on other things, like your fitness. Also buy BTC, ETH and LINK.

>>15720099
>maximum money gains?
think of this more like a sport rather than training for muscle gain.

Basic muscle gain
Save money and buy a low fee index fund.
Tracks the SP500 VFINX only costs 0.14% management fee
Most money managers can't beat the index over 10 years.

Skill maximum gains
Trade - crypto, stocks, options
Business - rental properties, small online businesses

Do you have any savings?
What are your goals?

>>15720309
this
https://www.bogleheads.org/wiki/Getting_started

>>15720099
buy LINK <=> SS + GOMAD
10k link <=> 1/2/3/4
though you're a bit late since we bought for cheaper than that but it's still a good investment.
I left /fit after I discovered /biz and link 2 years ago because of the stress of holding, so you might lose all your physical gains for financial gains...

>>15720099
5x5 shifts at mcdonalds

>>15720309
But anon that's haram

>>15722341
Yeah, you're totally not associated with the Link team or anything like that. LINK is for ugly faggots that in real life can't have a beautiful fine ass looking girl. And it's kinda sad but true most linkies are like that. So it is empowerment to the cucks who need something to get off on and feel like winning. LINK is always GAY. You faggot linkies need to shut your dick sucking, Nico feet-slurping mouths. You all need to be excommunicated from the living. FFS I don't give a single SHIT about your shitcoin so don't shit on anyone elses. God, I'm sorry that your hard work resulted in the birth of these stupid fuck ups. It's so simple, and yet failed abortions like yourselves who somehow weren't dropped as a child and are just THIS stupid don't get it. I'm sorry for you all, I truly am. I am sorry for your collective families much more though. Especially your mothers. You must have all hit your heads on their slutty ass cunts while being born. 0$ EOY NIGGERS!!!

>>15720099

Nope, this board is full of retards that will tell you to gamble your whole networth on start ups.

If you want to have real advise then look up "Fire" financial independence retire early

>>15722341
If LINK weren't dependent on /biz/ and reliant on a team of private Discord shills that conveniently begin shilling around the same exact time everyday (6 AM EST), they clearly wouldn't need to have 25 threads up at the same time to prove this convoluted point... For that matter, why do so many Linkies have to step up and try their hand at justifying themselves in this thread if it really doesn't matter that much? If it doesn't matter, why are you all so defensive, so easily triggered, so quick to project and insult when the smallest of things don't go your way?
I'll be honest in saying that, had it not been for the obnoxious level of spam, I might have bought a bag. At this point? I wouldn't touch it with a 12 ft pole.

>>15720309
The problem with LINK is that it's like the shitcoin flavor of the week that never died. It's anything but organic.
You want to talk about "having 2 years" and who/who isn't a newfag? It took 2 years of obsessive, cult-like marketing for Link to see the kind of gains that dozens of easily-forgettable 2017 shitcoins took a month or less to pull, and half of that was only because you all lied about a bunch of fake partnerships.
The anti-LINK threads are more than justified considering that you clearly either paid off the mods or they don't give 2 fucks about the board despite all the complaints about it. It's exactly what you deserve for shoving this shit down everyone's throats for so long.

>>15720099
5x5 is a fucking meme for a reason. /fit/ is as pathetic as /soc/

>muh milk
>muh oats

>>15720099
Ok her's a non-shitpost reply OP. Read or listen to Robert Kiyosaki's "Rich Dad Poor dad".
It's probably one of the most foundational books out there and teaches you to view money through the eyes of a rich person.

The "Cashflow Quadrant" is another useful concept. You don't need to read and listen to the entire thing, just understand what it is and it'll help you.

>>15722422
That was the most boomer book I have ever read imo. That could either be a good or bad thing.
>>15720099
In any case, you must know the basic of investing. Read up on interest rate, present value, bonds, options etc. Pirating a CFA textbook would teach you everything

Ex-/fit/ here (still working out but no longer visiting fit). Yes, buy LINK, ETH and if you want BItcoin, in that order. Everything else is a scam and you will get dumped on.

And yes, everyone here holds LINK, and most bought cheaper (35k at 22 cent average here), but most are holding it long term. Right now is a good entry after the google pump. Always good though to average in, don’t buy everything at once.

All the best.

>>15721603
Investing in a global index tracker makes for better diversification than the US-only S&P500. There are pretty sweet MSCI world index ETFs out there as well.

Being on fit for years I have this problem on every hobby board. How do i SS+GOMAD my investments. how do i SS+GOMAD my car.