/biz/ - Business & Finance

buy bitcoin, hodl 2 years, profit

everything else is a scam

I would want to know this too. Everytime i trade i lose. I see some anons make 4-5x gains :(

HAHAHAHAHAAH

>>16894410
Peepee poo poo

Buy BSV

>>16894410
Buy 0xBitcoin. Learn about Ethereum, learn what Decentralization is, Never trust any ICO, and learn about the Federal reserve.

>>16894410
Buy high, sell low.

Just buy link lol

>>16894444
Quads have spoken.

It's almost entirely scams, dont do research here. Learn the basics about hash functions and how proof of work works before buying anything other than bitcoin. Also figure out how to use and secure bitcoin before putting significant money into this market.the last thing you want to do is buy a bunch of crypto and then lose it. There is no recourse if you lose your keys

>>16894444
oh fuck quads. im googling shit as we speak. what does the federal reserve have to do with crypto? sorry im not trying to be spoonfed im just really lost here.

>>16894437
lol no

PEEEEEEEE
PEEEEEEEE
POOOOOOO
POOOOOOO

BUY CHAINLINK! BUY A HARD WALLET, PUT YOUR LINKIES IN THERE, DO YOUR TAXES AND YOU'RE SET FOR LIFE! ITS THAT EASY!

THANK YOU BASED FLANNEL MAN!
THANK YOU BASED FLANNEL MAN!
THANK YOU BASED FLANNEL MAN!
THANK YOU BASED FLANNEL MAN!
THANK YOU BASED FLANNEL MAN!

A small amount of individuals made it, I’m talking really made it, off the likes of BTC, LTC, ETH, NEO, etc. Very few (and I mean very few) of these individuals still frequent this board. 95% of who you are speaking to are losers, the type of which have no choice but to offer up a Hail Mary on cryptocurrency to improve their sorry lives.

That being said, those losers still have a small chance of being the next generation of financial elite.

>>16894484
Specifically look into "fractional reserve banking" and monetary policies that the feds have been using for decades-- specifically open market operations, the discount rate, and reserve requirements. Obv not the quad poster.

>>16894410
okay fren. keep it simple, open up a Coinbase or Coinbase PRO account. same company, pro has a more detailed interface and requires a little more understanding to use buythe fees are WAY less. watch youtube tutorial on how to buy if you need to. step 2, buy bitcoin. step 3. buy a Trezor hardware walled from the official website. step 4, send bitcoin from coinbase to the hatdware wallet. that's what you need to get started, the rest is up to you.

>>16894410
just buy link & bsv and be done with it

>>16894526
on it. ty anon.

>>16894484
Federal reserve is the central bank that prints money as they please decreasing the value of the dollar itself. They have no backing to there dollar and only relies on the government to give it value.

>>16894533
ok. is metamask a good ETH wallet? i got metamask because someone said it was convenient but im not sure how secure it is. would you even recommend buying ETH?

Just short BSV lol

>>16894410
>is there some secret that nobody has told me?
Yes OP and i'll tell you what it is. The first year you should DO NOTHING BUT BUY BITCOIN AND READ EVERYTHING YOU CAN CRYPTO RELATED UNTIL YOU UNDERSTAND ENOUGH ABOUT THE MARKET TO DRAW YOUR OWN CONCLUSIONS AND DIRECT YOUR OWN INVESTMENTS. That's the secret, from a rich guy. Enjoy.

hello? HELLO? HHHEEEEEELLLLLLOOOO?????? IS IT A FUCKING SCAM? IS IT REAL? AM I GOING CRAZY? SWIFT? MICROSOFT? DERIVATIVES? 300,000$ LINK? 4TH INDUSTRIAL REVOLUTION? PEE PEE POO POO? CUBES? SATURN? CULT OF DEMETER? LIBRA? FACEBOOK? WHAT? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM? ITS REAL? ITS A SCAM?

HOLD UP HOLD UP HOLD UP

HAHAHAAAAAHHAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHA

ITS

ITS FUCKING REAL ISNT IT

ALL OF IT

ALL OF IT

ALL OF IT

ALL OF IT


ITS ALL FUCKING REAL
WHAT THE FUCK IS HAPPENING ANYMORE HAHAHAHAHHAHAHAHHAHAAHHAAHAHAHHAAAHHHA PPEEE PEEE POOO POOOOO PEEE ON MY POO POO PEEE POPOOOOOOOOO HAHAHAHHAHAAHAHA AHH AH AHA HA HA HAHA AHA H AA AH H A AHA HA H AHAAHA AHHA AHAHAHAHAH

BILLIONARIES FUCKING BILLIONAIRES WE ARE ALL BILLONARS HAHAHAHHAHHAHHAHAHAHAHAHAHAHHAHHAHAAAHAHAH FUCK YOU JJJJJJJAAAAAAAAANNNNNNNIIIIIIIEEEEEEEEEEEEEEE HAHHAHAHAHHAAHAH


AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA HAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

PPPPPPPPPPEEEEEEEEEEEEEEEEEEEEEEE PPPPPPPPPPPPPPEEEEEEEEEEEEEEEEE PPPPPPPPPPOOOOOOOOOOOOOOO PPPPPPPPPPOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>16894410
Buy 0x, BAT, and XRP. I put a $100 a week split between those three and am making some stacks to take to three separate moons.

REQ for the next 100x.

>>16894427
FPBP
>>16894430
It takes a while, just hodl.
Learn about margin trading, don't trade
learn about options, don't trade
Then when you feel you want to enter, do a long/short margin & hedge your trade with options, just buy them at the start, its effectively insurance you pay for your losses up front.
Don't chase others 'gains' some of those anons that are up, are up but how for how long?

>>16894410
protip, go short on BSV, you'll be rich by monday

>>16894444
>quads
>wisdom
Learn from this anons

>>16894410
I bought chainlink recently and I’ve had 47% gains.

>>16894695
shhh

crypto is not like stocks that have real tangible value, it's easy to look at a stock and safely invest in it because you can assume it will have real world value, for example it was a guarantee amazon would eventually get big because ebay used to be fucking huge and amazon in its infancy was basically ebay 2.0
the problem with /biz/ retards is they try to view crypto as something tangible and valuable but it's not
it is a CURRENCY and you can't just invest in a fucking currency and hope you get rich
you have to constantly flip it and basically work it as a full time job so you can inch your way up little by little through small gains

trading crypto is fundementally no different from trading normal real life currency, people who view it as a "hold till I get rich" scheme are retarded, literally nobody has every retired off of etherium or other crypto, the only people who got rich were mass bitcoin holders solely due to a fluke

>>16894410
holy fuck it's too late for you. took months upon months to get comfortable looking outside of the top 20
your best bet is to buy a bunch of monopolies
ETH, LINK, BTC all represent pretty much complete dominance over their domains (smartcontracts, oracles, and currency)
I would say MakerDao is a better usable currency system than bitcion, but you are a complete new fag and it's for specialists to understand. Luckily it's built entirely on ETH, so you gain exposure to it just by buying ETH.
So you could just get away with buying ETH and/or LINK
Information tech companies usually completely dominate their respective markets
Google, Facebook, Netflix, Amazon, Uber

>>16894410
if you dont have a CS background its unlikely you will understand crypto in a meaningfull way, so you wont be able to judge all the new shitcoins

>>16894741
yeah, its just a currency but there are things that makes it more valuable and more desireable than fiat: no inflation and no centralization are the big ones

>>16894410
There is no way to make it

If you don't buy and hold LINK you're retarded.

>>16894822
>>16894541
then think about how purely mined cryptocurrency distribution varies from say an initial coin offering distribution

>>16894410
There is no secret. There are scams and legit projects but neither are likely to appreciate in value. There may be another ethereum but nobody knows what it is

>>16894501
based

The ultimate secret of /biz/ is to develop sight. Increase your critical thinking, research ability and pattern recognition. Or just skip all that shit and buy chainlink. Seriously.

>>16894606
Most based post in the thread.

>>16894410
imagine trying to learn anything from 4chan
go to reddit buddy

>>16894427
fpbp

>>16894741
>it is a CURRENCY and you can't just invest in a fucking currency and hope you get rich
>you have to constantly flip it and basically work it as a full time job so you can inch your way up little by little through small gains
>trading crypto is fundementally no different from trading normal real life currency, people who view it as a "hold till I get rich" scheme are retarded, literally nobody has every retired off of etherium or other crypto, the only people who got rich were mass bitcoin holders solely due to a fluke
absolute brainlet tier take on cryptocurrency

>>16894410
>>16894427
fpbp, it's literally that easy

>>16894410
Chainlink

>>16894649
You misspelled LINK anon

>>16894410
Trading is like gambling in a Casino. The odds will always be slightly against you. Whales, bots, exchanges conveniently going down at the worst possible times, fees on every trade. You are fighting an uphill battle. Just because 1 jackass out of 20 might get lucky and make money trading doesn't mean you will. Most traders lose money. You buy BTC and hodl or you most likely get fucking rekt. And you will get rekt trying to hold bitcoin too if you don't actually have the strong hands that grow out of believing in the tech. Of course this requires understanding the tech, which will take some very real research and studying that no one can do for you. And not just the tech, but the macro economic reasons why it is so deeply needed in the first place. There is a reason people refer to getting into crypto as "Falling down the rabbit hole" I don't know how many thousands of hours I've spent keeping up with crypto and economics. And that's after coming up to speed initially. Of course I already had a pretty good understanding of macro economics and comp sci even before I heard of bitcoin which gave me an edge most don't get, but it STILL took months before I felt like I truly understood what bitcoin was and the value proposition it offered. This game ain't for casuals kid, get good or get lost.

>>16897359
this

>>16894741
Like this guy.. He is destined to get rekt repeatedly till he quits in disgust. Also just plain wrong. A friend of mine who went all in a year before me is already retired with a fortune still sitting in crypto. I didn't throw in near as much seed money as him but I'm still up like 18x. Just holding.

>>16894410

Hey, kid, Rock'n'Roll, nobody tells you what to do.

>>16894427
>>16894683
>>16896104
>>16896138

HAHAHAHHAHAHAHAHHAHAHAHHAHAHHAHAHAHHAHHAHAHAHAHHAHAHHAHAHAHHAHAHHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHHAHAHHAHA I AM PHUCKING LAUGHING SO FUUUUUUUUUCCCCCCCCCKKKKKKKKING HARD LMAO. BITCOIN IS FUCKING WORTHLESS. WORTH.LESS.WORTHLESS.FUCK. I MEAN DO YOU THINK YOUR INTERNET FUNNY MONEY IS ACTUALLY WORTH SOMETHING? AHAHAHHAHAHAHHAHAHAHHAHAHAHHAHAHAHHAHHAHAHHAHHAHAHHAHHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHAHAHHAHAHAHAH BITCOIN IS WORTHLESS. NO ONE WILL EVER USE IT. IF ANYTHING, ONCE NATIONALISM RISES IN MOST WESTERN COUNTRIES WE'RE GONNA BE GOING BACK TO GOLD AND SILVER. GOLD. AND.SILVER. GOLD AND SILVER MOTHERFUCKER. JUST LOL.
>BRB MY FUNNY MONEY WILL SAVE ME IN THE COLLAPSE
YOU CRYPTO FAGS ARE LAUGHABLE. LAUGH.A.BLE.LAUGHABLE. FUCK.

>>16894410
you're about 8 years too late. The massive increases are gone with the wind. All you can really do is wait for the next silk road to be raided and short when bitcoin crashes again

Memes aside, if currency trading from governments that actually have a hair of credibility doesn't make any money, what makes you think imaginary internet money is going to make anything?

Just invest in sugar futures in July and sell december if you want to take stupid risks

You're at least 4 years late (when most of the so called "OG crypto Twitter" actual celebrity bought their first BTC/ETH, if not 6-7 (if you didn't at least started with DOGE, you totally missed out) to enter this massive Ponzi now.

>>16894578
unironically based, but add LINK

>>16897438
Partially correct in that you will never have the gains that the really early guys got. But BTC could easily have 30 to 100x left in it over the next 20 years or so.

>>16894410
there almost no volume in the crypto market. Until the volume picks up its all a crapshoot. Roll a 50 sided die with 50 random start-ups and maybe the one you landed on will blow up to a dollar.

>>16894410
start here
https://bitcoin.org/bitcoin.pdf

>>16894410
Honestly, its decent money, just don't fool with all the bullshit just get crypto from Robinhood, you can take your gains instantly and put them in your bank. Screw all that transfer to coinbase get retarded fees and then wait hours praying you didn't mistype a character and lose hundreds of dollars.

>>16894484
Hidden secrets of money by mike maloney

>>16894606
*Chuckles sovietly*

>>16894741
Ok boomer

>>16897580
This and only this

>>16894523
I honestly don't see how crypto can go back up unless Chainlink does exactly what it says it wants to do, and that's a big if. Like it's great you wanna merge offchain and onchain data or whatever but 2 years and still nothing. Show me some proof that it does what it says.

>>16894606

Yup. Sad but true.

>>16897801
At current prices it takes something like 20mil USD per day entering BTC to hold the price flat assuming the miners are selling almost all of what they mine. In may, if we are at the same price it will only take 10mil to hold it flat. Assuming 20mil is still flowing in on the average day, what would the price do?

>>16898015

That is not much. It is actually a joke, when you consider the world. If that was an argument, you failed Anon.

>>16894427
this.
if you want to gamble, pick something you believe in and put 10% into that.
The best rule of crypto: when you start bragging to others about your profits then it’s time to start cashing out.

>>16898505
> Ferrum. Stake the 10% and you will literally want to get the logo tattoo'd in 1.5 years I bet

>>16894606
heh you crazy poo pee

>>16894606
based and poopilled

>>16894410
>is crypto just a giant troll and there is actually no way to make it?
Yes, they are basically cashing out their profits by pumping the coins they own 30% supply of, wait for retards to buy, sell, dump this shit with said 30% of supply, make the retards sell and then repeat the whole scheme.

>>16897481
This

>>16894606
Holy based

>>16894410

Do yourself a favour, go jerk off on /b/ or so

>>16894410
Dude dont bother real money comes from business maybe trade crypto as a side gig to make some money thats it

>>16894410
It's easy kid, just buy link and uos and hold it until you make it

>>16894427
This, also buy bitcoin and buy something online so "you get it" ,of what this is all about.

See behold the hold meme , to understand why this is so revolutionary.

Take a look at BRAP, 4 or 5 ETH worth of BRAP will make you a millionaire at .0001 usd. You won't get those gains with grandpa Bitcoin.

>>16894410
You really have to deep dive into the subject. There's a ton to learn and a lot to catch up on. But just start I guess buying some Bitcoin and hopefully make some gains. Then learn about some alts. Diversify into projects you understand and think are appealing or have some future use. And keep Dollar Cost Averaging into them as time goes on.

>>16894427
> year is 2017
> buy BTC
> 2 years later, your down -65% while LINK Chad's are up +1000% in usd. Bitcoin is a scam.

>>16899428
Oops srry guys I forgot, new fags aren't suppose to make it. Ya just buy BTC and hodl.

>>16894427
this.
Problem is it seems almost too easy & boring.
Half of the people in this space get antsy doing nothing and thinks if they do more "research" in the crypto space they can increase their gains but in reality finding the 1 shitcoin out of 1000 that will actually moon and hold value is so unlikely that its financial suicide.
That or trading, the other half thinks they're the next trading prodigy. they're not.
Say you spend 2 hours every weekday and 8 more hours on weekends looking for hidden crypto gems or trading - you will realistically increase your wealth faster if you just worked a side job those hours and bought more bitcoin.

>>16894410
Do you not know how to invest or do you not know how to trade?

>>16894410
Crypto? It's over. I lost everything... My family.. My wife... I even defaulted on my car loan and they towed it just last month. I have to walk to my new job at Texas Roadhouse... all because of this guy named ass blaster.. You wouldn't get it... You had to be there....

>>16894410
Go on bitmex, buy long 25x
??????
Profit

>>16894484
Federal reserve prints our money when th economy gets in trouble or slows down. Just ask yourself if thas good or bad for your money.

>>16894410
It's a secret. Now fuck off.