/biz/ - Business & Finance

Was trying to cop some but coinbase wallet is fucking shit at sending to other exchanges

>>1747517

>>1747611
Lmao F

Who isn't? :)

Solid investment.

>>1747611
where was I when this was posted?

>>1747611
Post that pic in the post

>>1747836

>>1747517
I went all in in another coin and already made 3x, so no thanks

>>1747840
It doesn't pay out weekly ETH?

saar benzona

>>1747840
It's unfortunate they had to use the mess that ETH is. What will happen when the next DAO event happens?

Also how do you get those said payments in ETH

And how do you store the coins locally?

>$0.40500


https://www.youtube.com/watch?v=siwpn14IE7E

no because
1) using ethereum is a gigantic liability that cant be simply overlooked
2) the "dev" team are from some shitfuck eastern european country, and theyre expected to make smart investment decisions for everyone
3) they cap bitcoin at 20% and so have missed out on huge gains already
4) way too much ethereum liability tokens in their "portfolio"

maybe good for short term gains but it will collapse due to outside forces eventually if their distribution hasnt already screwed them next time ethereum fucks up

>>1748210
wonder how big the screencap is gonna get by the end of the year

>>1748230
we'll see. it might perform okay in a year, but long term it and the rest of the ethereum token bubble will have popped due to more security/dev issues, and any actual promising projects will be using their own chain to protect themselves from it, instead of trying to use it for hype purposes.

>>1748331
see you in a year then I guess, and happy investing

>>1748335
likewise brother, good luck out there

>>1747517
stacking 40k stocks here, good luck wise investors

>>1748149
Make sure you don't have it on an exchange in order to receive dividends. You can use myetherwallet or mist to store locally.

>>1747517

Just bought 3k of them after looking at their website. I think what sets this one apart is that it has the potential to attract normies. Avg. normies that might want to invest in crypto but have no idea and don't want to move funds to an exchange, set up a wallet, etc could just use the iconomi website to buy a crypto index fund as if they were buying something from Amazon. Normies hear things like "index funds" and "dividends" and get moist.

We're at the stage where mostly just autists know about it so I'm riding this train all the way leeeeggggoooooo

Wait, who if I buy some ICN, and leave them on the iconomi site, I'll receive dividends? How does this work exactly?

So let's say I put some money in the iconomi index fund. What stops the fund manager(s) from running away with my money? I mean, an index fund simply can't be automated, there will always be some part of the indexing process that will have to be done manually (such as adding new cryptocurrencies). So the whole thing is still a centralized POS and not worth investing in, as I see it. Can somebody convince me otherwise?

Oou yeaaaaah!

>>1748805
normal people want an ETF, a proper insured, managed fund run by professionals. if they're too scared to buy bitcoin, why would they ever buy an even shadier looking crypto?

If I buy iconomi on kraken, will I get dividends there or do I have to transfer the coins somewhere else ?

>>1749035
You have valid points, but then again, how else are going to get rich if we dont take risks? I dont want to sit on my 20 BTC for life, unfortuantely its not enough to get rich so I need to take decissions now.

>>1749893
Apparently you need a wallet but I have no idea how it works.

What fucking wallet do I need specifically?

>>1749035
thats the old economy, times are a changin'
soon you'll have a whole generation that grew up with bitcoin, don't get left behind

>>1750394
>how else are going to get rich if we dont take risks
right, this is what everyone else is thinking thats late to the bitcoin game, and why every alt is basically one giant game of chicken and a few whales making bank off gullible gamblers. iconomi might have something, it might not, but that has no bearing about how much it's going to be pumped and then dumped by people who have the same idea as you.

>>1750795
times are changing, but people just starting to make money now, and seeing the bleak outlook of the economy arent necessarily going to jump onto some unknown crypto "fund" run by a bunch of nobodies, theyre going to want a proper on-ramp. if they cant go to somewhere like coinbase and literally buy it, its not worth shit to them.

the people that would invest in this are already traders, and why would a trader want in on a fund managed by people who might not even be as good at trading as them? i dont put much credence in their financial acumen based on some of the reasons i mentioned earlier.

iconomi, like 99% of all alts out there, are just part of a trader's game, where teams and technology are just a way to score one asset from another, and hype speculation are all that matter here.

>>1750850
this is not 2013 anymore, grandpa, the question of crypto is over, you either get on the train or get left behind

>>1750850
>2011
why would people want a digital currency?
>2014
why would people want smart contracts?
>2017
why would a trader want in on a fund managed by people who might not even be as good at trading as them?

every fucking year, lol
no wonder there's so many of you staying poor

>>1750928
Currency has been digital for a long time. fake numbers on a computer screen. Using a currency not backed by a government is a different thing

>>1750921
ive probably made more from this crypto game than you so im not sure what your point is

>>1750928
digital currency is obviously a benefit, there has yet to be a compelling use case for turing complete "smart" contracts, i.e. ethereum, this is reflected in its lack of a recovery after the first bubble early last year, and a "fund" is totally different to both of the other two, especially when most of your exposure in the "fund" is entirely based on whether ethereum picks itself off the floor or not.

>poor
so how much money have you made from crypto then bud? 100k? 75k? 25k? even that?

>>1750976
you're a annoying faggot

>>1750980
maybe, but at least nothing ive said is false

>>1750980
He makes a lot of sense, why the fuck would anybody trust a bunch of Europeans to manage a fund for you? Like really, would you just hand over money to some random Polish guy and expect him to take care of it and grow it for you? At least other cryptos aren't resting on one shitty team not accidentally trading your money away for you.

>>1750976
>>1750987

it's just tiring, it's deja vu all over again, till the price blows up and you disappear again.
The second phase is seeing all those "why didn't I invest, why did I sell" threads again.

made half a mil so far if you're still wondering.
the biggest bulk when eth blew up, same time there were myriads threads on /biz/ of how much a ponzi eth is.

I've seen it all so many times over the past 6 years that I'm just bored.

>>1751009
>"why didn't I invest, why did I sell" threads again.
>same time there were myriads threads on /biz/ of how much a ponzi eth is.

That would be me. ;_;

>>1751009
thats great, completely missing the point though, not every crypto is made equal, and trying to argue technical reasons as to why this alt will blow up is pointless, thats my entire point. any alt can pump because they're all driven by speculation, iconomi is just a perfect example of something no one other than traders would care about, but thats all it takes for a few pumps and dumps a la etheruem to make all the early adopters rich.

and not to be rude but 500k in 6 years is honestly terrible when bitcoin was literally worthless back in 2010-2011. you should be up here in the multi-millionaires club if you got in that early. so maybe it's you who's been trying to play catch up?

>>1751034
there's no point, I just hope the sooner it blows up the sooner you leave, god you no coiners are annoying

>>1751034
kys