/biz/ - Business & Finance

>>15823635
no

>>15823635
God damn, this is the thread.
Get me in that screencap.

>>15823647
Wdym anon no 1 BTC??

>>15823657
What screencap

>>15823712
No cause I only have 3k to work with. Help
Only hope is margin trading but im not gonna play with thay until I feel confident what way it will go.

>he hasn't been steadily accumulating for two years at least
Not gonna make it. I'm nearly up to 10 bitcoin. I'm going to be at least a nobleman when fiat collapses. Y'all can live in my barony if you pay your taxes.

>>15823750
$3k might net you $100k but not from BTC anytime soon maybe long term past 2021

>>15823766
Seeing as there's only maybe 15 million BTC in circulation the real difference in wealth will be those who have +100

Bitcoin succeeding could very well lead to a return to monarchies

Those with

+100btc - buying entire countries
50-100btc - access to the citadels and real estate
1-50btc - rich by normies standards never work again a comfy mcmansion and lambos and shit

Sub 1 BTC - 0.5 comfy but more than likely a wagey still

Sub .1 BTC did you even try

>>15823820
This

>>15823647
>She doesn't sell her body for money to buy BTC.
It's like you want to be poor.

>>15823820
I figure you have to take into account all the whales, the way BTC is distributed among the top wallets, there's no way for them to enter any market without massively inflating it. Meanwhile 10BTC I think is adequate to get decent lands, maybe some productive industry, too, and handle all the salaries and shit that comes with it. I'm going to be a comfy feudal lord, bossing around the peasants with their eth, link, and tether.

>>15823820
I've got 34 BTC 6 of which is in link.
I'm hoping to be a millionare before the halveining
not larping

>>15824115
Tell us your story. When did you get in, what's your job/income, how much have you invested

>>15824115
Based I'm jealous. I hope by the next bear market I can accumulate some serious BTC numbers.

>>15824025
Yeah that's true. Even those who want Bitcoin to fail can't do so without making many people rich. The currency is genius by design. Wish I had more. I'm buying every dip until we break 20k

>>15823635
I am all in Link. Thinking of buying something else with my money makes me sick !

>>15823820
Could someone explain to me why any goverment would allow a system like this to take over and toppel the entire global economy?
Whats stopping them from majorly taxing you for any btc earnings much worse then they're currently doing?
Not trying to be a pessimist just ligitemently curious

>>15824206
Because elements of the government created Bitcoin

>>15823635
All in LINK only.
Keep watching your boomer coin die, fag.

>>15824206
They can outlaw Bitcoin. Say the US government makes Bitcoin illegal.

How would they enforce that? They know who owns crypto because most people bought through exchanges, I myself used kyc. The government knows I have crypto.

But once I send that crypto to a random wallet it is unreachable. The government can't come and torture me for my private keys.

Say I "lost" the crypto. What then? How can they prove anything. As for taxing it's simple you make a capital gains and realize it into fiat and pay a tax long term or short term. US takes their cut there and at that point they very much would be in favor of bitcoin. They already tax it so they don't care much as long as they profit from it.

>>15824269
US buys 30% of the Bitcoin supply and they maintain their supremacy

>>15824161
>>15824162
I'm 22, still working as a cocktail bartender to keep myself busy. Basically i saved up 5k and found out about eth by browsing this board. It was $13 when i first found out about it and $28 when i actually bought in. Then i got into a bunch of ICOs which all mooned. (ICX, WABI, LINK, WAN). Leaving in a month to travel overseas and get some life experience. The bearmarket was fucking hard to hold through thats for sure. But i've learned this time to sell the euphoria

>>15824285
Based. I am also 22 but I'm a poor American worth about $20k

I just trade stocks and crypto don't work anymore cause I hated waging and can pay my bills... but I need crypto to moon or else I might have to go back to the cage

>>15824279
> US buys Bitcoin

That's never going to happen until everybody else has bought some.

>>15824324
Honestly, at 22 with 20k and no debt. You're doing better than like 95% of your millennial counterparts

yeah and I only paid $19000 for it

>>15823635
Nocoiner here. Instead of coin, I invested in high quality 5.56 ammunition. I think my lead will hold its value better than gold, let alone electrons.

>>15824269
btc is protected by free speech. at the end of the day it's just people sending packets of information across a p2p network. even if it were possible to ban it, it would be unconstitutional

>>15824324
I'm in the same situation. I wonder how our lives will turn out in the next couple years.

>>15824285
>But i've learned this time to sell the euphoria
Should I tell him?

TFW I only have 0.05 BTC. Banks won't even give me a loan. Time to wageslave I guess, maybe I can accumulate at least 0.2.

crypto noob here, if I were to buy BTC how do I get my private key off the exchange and how do I safely store it?

>>15824359
?

>>15824350
> 1 coin instead of 6000 pieces of lead
top kek m8

>>15824362
when you make a wallet the address that you send coins to is the public key, the private key is used to access the funds in the public key, your wallet software provides recovery phrases, and private key string to access the public key. the wallet.dat file is where the funds will be located it can be retrieved from the blockchain using your private keys. -CC

>>15824375
You held through a bear market only to sell at the beginning of the next cycle?

>>15824343
I know that much but it means nothing because I can't yet buy a house or a better car. And that's currently what I need to make the next step in financial freedom but thx anon I really just think most millennials are retarded.

My sister is probably $100k in debt and she is 24

>>15824358
Im only taking extremely high risk and I'm optimistic. If my investments fail I will need to do some hard reflecting. I've spent so much time and effort researching these things and I've now allocated basically all my networth into crypto and my stocks/precious metals hoping to get into real estate when something moons. Nothing seems more comfy than holding real estate.

>>15824354

bitcoin is basically free speech, but after each word spoken you set a barrel of oil on fire. it will be banned

>>15824430
>he thinks real estate is comfy
have fun having nigger tenants

>>15824395
> 100k in debt is a thing

We are going to bring slavery back next decade. Your sister will be somebody's cum dumster.

>>15824430
Don't bother with anything other than Bitcoin, honestly. There's nothing that can compete this next decade.

Besides, we're young. We can afford to make aggro as fuck investments like this and fail.

>>15824395
how did she get herself in such debt? I'm trying to get a loan and the banks are rejecting my applications, and yet a lot people seem to fall into debt effortlessly

>>15824435
Banning it is like banning the internet

>>15824448
Bitcoin more comfy than real estate?

Idk maybe the future will tell. She already is, she's on her second child now.

>>15824460
I don't even know anon. She has car debt, phone debt, house debt, and student loan debt. Literally she is cucked for the next 30 probably forever.

I have zero debt and I never get accepted for loans either. I don't care because I only buy in cash but I still apply to see what I can get

>>15824445
You dont believe real estate is more comfy than BTC?

>>15824206
>allow
They're powerless to stop it without dealing themselves a fatal blow. If they shut off the internet, the economy crashes (thanks to fiat and reserve banking). They have no choice.

>>15824499
I simply think that how comfy real estate is largerly depends on the quality of your screening process. If your objective is to just hold, the comfiest by far is gold.

>>15824387
thanks friend, any reason to get a physical wallet if I’m just gonna be holding 1 coin give or take?

>>15824519
Gold is Money, not an investment. There's no return on it. Investments aren't supposed to be comfy, there's an element of risk involved that justifies the reward.

If you want risk free gains, you need to be in government.

>>15824519


Land just seems more useful to me plus I can skeet shoot on land and raise animals and grow weed but I can't skeet shoot with gold or x y z

>>15824538
Because crypto is divisible it's safest to have many wallets and preferably a few forms.

Isoftware wallets/hardware wallets, cold storage/paper wallets, even some on exchange too just be careful and know the coins on an exchange you are trusting to a third party.

But the reason to split it up amongst wallets is a bit of a precautionary method. Avoid losing it all together if something happens

>>15824538
1 coin will eventually be worth 6, 7, 8 figures worth of fiat man. Yes you should get a physical wallet unless you're extremely certain your computer is free from vulnerabilities and viruses and such. They're only a couple bucks (satoshis), it's worth it.

>>15823635
>tfw cashed out 1 btc from poker site in 2016, for 600 to pay rent

>tfw bought bounty0x for .09 and didn't sell at .90

>tfw stared at chainlink .25-.35 for the longest time before not buying any

>tfw stared at xlm at .03 for the longest time before not buying any

>tfw panic sold my eth at 400 right before it went to 1000

>tfw fell for mcaffee scam, bought in, bots were too fast, sold for a loss

crypto is not for me, I will not play this game again


I will stick to programming and giving my money to my parent's investor, my parents are rich, if I work hard, I will make it, hell I already have, I'm just not cut out for this day trading shit.

>>15824618
and honestly, seeing some of the peoples faces just get ripped off here and other forums from taxes and bigger gambles, I'm pretty happy I didn't get any deeper into it. It takes a tole on your mental health.

>>15824563
>>15824565
fair enough, I suppose I should have a wallet ready before I use the exchange. What’s the safest way to make and print a paper key?

>>15824618
So because you are shit at investing and discipline you will sit back on the most innovative tech in all of financial history ever

That's a big fat wagie cope bruv

>>15824683
Personally, before I got a physical wallet, I used Ethereum Wallet. I downloaded it, moved it to an offline only computer, generated the keys, and then wrote down on paper (with a pen) the backup words and the private key, then on my online computer I typed in the public key and created a listening only wallet. If I want to make a transaction, I set that up on my online computer, transfer it to the offline computer for signing, and then move it back to the online computer to transmit. It's a few extra steps but an airgapped computer means your wallet is much more secure from hackers.

>>15824742
Excuse me, not ethereum wallet, I meant Electrum.

>>15824683
Watch a youtube video. It'll be safe on a reputable US based exchange for the short term but figure out a wallet situation. A software wallet I like is the Exodus wallet because you get to keep the private keys and restore them to any other PC

But I can't bring myself to hold more than a couple hundred bucks because I'm skeptical the owners might have backdoors

>>15824351

notice that nobody responded to your bait, haha RETARD!!

>>15824742
>>15824765
thanks, I’ll check these wallets out. the airgap idea is cool. now that I have a better idea of how key generation works I feel a bit better about the security of these things. I never put two and two together to realize that keys can be made offline and aren’t physically tied to the blockchain, the key just gives you a certain address where you can store and retrieve coins and no one else can find it unless they compromise whatever you’re using to store the address info.

I know that it’s incredibly unlikely, but for curiosity’s sake, statistically what are the chances of someone somehow generating the same key as you?

>>15824870
Like longer to guess than there is time left on the universe before entropy takes over. I don't know the exact time but it's long as fuck.

A scam people have been doing is simulating sim cards. I guess there's a way to simulate sim cards from mobile phones and you can steal wallets that way, but I stick to desktop computers since I'm a paranoid /g/ schizo, so I'm safe. Never trust phones, anon. They're the devil and full of closed source software.

>>15824735
I'm not going to try to daytrade/monthtrade shitcoins.

I would be more interested in long term investment. But at the minute I am trying to save up enough capital to make that worthwhile.

I should have bought into bitcoin after the crash when it was around 3k and just sat on it like my friend did with 20k. He never even traded before, just decided to throw 20k at after watching it rise and crash to death. I just didn't have any money at that point because I held onto my fucking xlm and bounty0x, then I fucked myself real bad because I have a bad habit of gambling.

turned 1k to 12k to 6 hours, then got drunk and thought I was a baller playing nosebleed stakes, lost a few k, tilt sets in, lost more, tilt grasps me, get more fucked up, max my credit card out 10k limit, lose it all.

Luckily. I paid that debt off, and only play plo and holdem with money I can afford to lose. Never fucking again.

now I just need to build up capital again, the slow safe way.

>>15823635
I don't have one, but I have 0.01 is it enough anon?

>>15824902
The thing about bitcoin is that it's perfectly divisible. Even if you only have one cent, you can buy bitcoin. And the future expected gain on bitcoin is immense: easily 100x or 1000x gains. Look at how much it's grown over its history.

So instead of thinking, oh man, I have to save up money to buy bitcoin, stop thinking like that. Set aside 10% of your income (read The Richest Man in Babylon if you haven't already) and invest that into bitcoin every paycheck. Do you really want to miss out on 10x gains because you decided to wait until you had $10k saved up? Why? That's pointless. You get the same percentage gain whether you invest $1 or $100,000. But you don't get it if you wait.

The smart move is to buy every month, or every paycheck, or every week, whatever, and then hold it. Don't worry about selling, just hold it. Treat it like savings or a CD (Certificate of Deposit), not like day trading. Over time, BTC will randomly spike and rise and either settle out higher or crash to a higher point than when it started, and you'll be the smart money who bought a long time ago and are permanently in the green at this point. Then when you're a millionaire and have a long term plan you can just cash out all at once.

>>15824947
I like this idea. I have heard it before. But then the gambling aspect attracted me to shitcoins.

You thinki btc is the golden ticket? I thought eth was for a long time.

Another thing is, this is obvious probably to you and most, but not stated in your post. not to put all your money into one thing.

>>15824959
>not to put all your money into one thing.
If you're trying not to lose money, absolutely.
If you're trying to make money? Well, if you think something is guaranteed to only go up in the long term (which is what I think of bitcoin), then why invest in anything else? If you look at Warren Buffett's trades, that's what he did. All in on what he thought was a sure thing. Over and over.

However, personally, I've also invested in two other stocks. Not going to say what they are, but they crashed to less than 10% of their previous steady stock price, so I bought in, and I've made small profits on those trades. But not like bitcoin. Bitcoin, in my opinion, is the real deal and that's how you get 10x, 100x, 1000x profits.

Now, if you want to invest for a lifetime, yeah invest in other stuff too. But if you're in your 20s, I'd invest 9.5% of your paycheck into bitcoin and 0.5% into something else, probably physical gold, as a hedge against both fiat and crypto collapse. You can shift into banknotes and other fiat nonsense when you're 60. Be aggressive when you're young and can capture the most gain, shift into reliable but boring investments when you're old and need the stability.

>>15824790
He's right though. Property is only worthwhile if you have the means to defend it

>>15825089
>Be aggressive when you're young and can capture the most gain, shift into reliable but boring investments when you're old and need the stability.

I hear this from others as well, my parents told me this actually. I just need to be careful to see the line where it turns into gambling. I make too much money to not gain off of it. I need to start researching.

>>15824324

All-in Bitcoin bro. You're at the right age to take some risks, and Bitcoin has the best risk-reward ratio ever. Potential losses are necessarily limited, but there is a great, great chance it will go to 100k and beyond. Nobody could say what that chance is, but it's definitely higher than 25% at this point.

You gotta be dumb not to buy some. At the least you should have one whole Bitcoin and hang on to it.

>>15823635
Yeah but I highly doubt BTC will ever surpass traditional market securities like Gold, Silver and normal paper currencies.

>>15825167
>line where it turns into gambling
This is easy: it's gambling when you use leverage, or invest with borrowed money. Otherwise it's not gambling. It's that simple.

Now, if you invest in something, it should either be something where you're going to sell it on a specific date, or at least several years in the future. Otherwise it's speculating/gambling. Read The Richest Man in Babylon, it's free to read online.

>>15825183
I'm selling shit to invest more but I like tsla too much so a significant bit goes there

>>15824269
They take you into a room and beat the shit out of you until you cough up the private key or simply go through your computer

>>15824476
If China can banned the internet so can america

>>15825490
China did not banned the internet

>>15824354
>the free internet will be banned
>free speech (bitcoin) will be banned
>free thought will be banned and you will be able to have mindsex only with consenting post-wall roasties aged 35+
prove me wrong

>>15825565
Yea they did

>>15825645
you will enjoy all that
I will be a suicide boomer