/biz/ - Business & Finance

>>18727258
All in link

>>18727476
God damn it.

>>18727557
Shut the fuck up and post more cute shit

>>18727258
wtf does 'solid" mean you mean like quick cash go to the races or buy drugs and resale if you're looking for a good investments go etf

>>18727557
Its true

>>18727258
thats a pretty good representation of what your 20k looks like to the markets

go all in on GUSH

>>18727577
Good return with minimized risk. I have 1250k in ETFs currently which aren't doing great but not bad either. I'm using a robo advisor is that good?

>>18727790
I'm aware but there must be some way to grow it hopefully exponentially. I'm not sure what.

Unironically had to kill a rat a few minutes ago. Caught it in a glue trap. Still feel bad about it.

>>18727568
I don't have any more anon.

>>18727994
I don't like killing any animals either. Hopefully it died with minimal pain.

>>18727981
It btc and wait a few years. Otherwise go short the market and leverage your money to zero. If you make a move based on an opinion on an anonymous board you’re asking for trouble. biz is the worst financial instrument on the internet.

>>18728025

this, put half of it into bitcoin right now and then slowly put the rest into bitcoin whenever there is a dip so you still have funds to catch huge weekly/monthly dips. You can buy 1 bitcoin now and slowly invest the rest. Dollar cost average investing is the safest bet. You'll never have to worry about checking the price 24/7 and everyone holding at least 1 bitcoin has already won.

save some more and buy real estate to rent out

>>18728025
Would it be a good idea to speak to a financial advisor? I Iike your idea but I'm sure a financial advisor would have no clue about it.

>>18728062
That's the plan in the long run but currently this money is just sitting in the bank slowly losing value as inflation rises.

>>18727258
Go all in on options and get a 10 bagger or go broke.

>>18728073
It depends, many are salesmen and want a cut of your money. If you’re looking for a diverse and safe portfolio then maybe, but as long as you don’t lock up more than 10% of your net worth in BTC you’ll be fine. Also don’t buy any alt coins, there’s no assurance that they’re not scams. And 90% of them are pump and dumps, these alt coin posts are mostly pump and dump groups and their victims hoping for the moon. Btc only when it comes to the crypto market, and then go somewhere else like real estate ETFs or mutual funds for your other capital. Slow and steady wins the race

>>18728105
>Go all in on options and get a 10 bagger or go broke.
Very high risk investment. Specially with current uncertainty.

>>18728073
They would never advice you to invest in anything like bitcoin. Which is safe and understandable. Their approach is more like invest for 30 years and double your money.

So many people are telling you to put it in bitcoin
>>18728025
>>18728056
If you decide not to listen to them, just remember 4-5 years from now, you had a chance to buy bitcoin below $8000

>>18727568
Pic

>>18728116
I'm not very experienced in markets and Bitcoin for that matter currently but I am looking into it. In the case of Bitcoin, I'm never sure of when to buy. I can't tell when its bottomed.

>>18727842
Redpill me on GUSH i bought 2 shares as throwaway

>>18728134
Below 10k is always buy territory for me, but Im a DCA investor, I bought my first bitcoin at 5000 and have been buying $300 worth every single week regardless of price as long as the price was under 10000.

>>18728129
How do I know when to buy? The volatility is daunting.

>If you decide not to listen to them, just remember 4-5 years from now, you had a chance to buy bitcoin below $8000

I already know what that's like. I knew of Bitcoin when it was $100/coin and never bought. In my defense I was still a kid at that time.

>>18728155
How well has that turned out? Any way to offset losses?

>>18728174
Its been working very well because if you have a strong financial foundation you won't have losses, and what I mean by that is you will never be forced to sell at a loss and if the price goes down you are basically buying it for a discount. You only incur a loss if you have no cash left and need to sell bitcoin at a lower price than you bought it for. You can only lose if you sell for less than you bought it for.

>>18728164
When the stock market originally gained popularity over 100 yrs ago, the majority of people felt it as gambling and too volatile to conserve wealth. Do you really think that in 30 years time, that it would matter that you paid $4000 or $7500 per btc? considering Inflation alone, it’s silly to assume btc will be worth $7500 in 10 years time. If it’s worth zero by then, then at least you didn’t risk more than 10% of your net

>>18728202
I understand. Would you suggest investing say 100/week to start out so long as its value is below 10k?

>>18728221
You make a great point however I will have to figure out an investment strategy before diving in.

>>18728321
Yeah that would be great, just be sure to secure at least 1 bitcoin right now before the halving. No one really knows if the price is gonna crash or if its going to skyrocket, add in the coronavirus and anything is possible right now. 1 BTC is enough for you to have no regrets whether it skyrockets or dumps, and you will have plenty of extra money to DCA with.

>>18728321
Search for "Portfolio Design". It'll help you figure out how to structure stuff based on your age & risk tolerance.

>>18727258

Here goes the redpill formula for all kinds of investments.

Literally anything with 30% monthly yield has 30% risk of getting rekt that month at best. Each 1% above that increases that risk by about 5..10%.

In short, better go to a casino, they at least got alcohol.

>>18728164
>How do I know when to buy? The volatility is daunting.
DCA is a decent strategy.
Most people will tell you "never invest more than you are willing to lose", which is the most reasonable and safe approach you can take.

I don't really have any advice, so have another hamster

>>18728356
Could you explain dollar cost averaging regarding crypto a bit more?

>>18728471
You set aside x amount of money every week and invest it at the same time regardless of the price, "even god can't beat dollar cost averaging"

>>18728407
I see that. High risk high reward.

>>18728456
Ty for posting your hamster. I like the idea of DCA but I'm not too well versed on it at the moment. I will have to look into it.

>>18728482
I will read up on it more as I'm only aware of the basics of it. Thanks for the advice I really appreciate it.

First result

>>18727258
3BTC

>>18728482
One last question. If it reaches 10k+ I assume you just stop buying until it drops again?

>>18728502
> I see that. High risk high reward.
I think his point was that at some point it becomes "much higher risk, only a little bit higher reward".

When considering DCA, keep in mind that the strategy that would be your realistic alternative would be to simply go all in at once. Some people will argue that going all in will give better yields in the long run, I think DCA makes sense, I ran some simulations on the bitcoin history and DCA came out on top more often than not (compared to all-in). It also has the added bonus of helping you build a feel for how the price progresses. But my point is that you should not compare DCA to the third option, day trading and trying to time the market, because that's not a realistic alternative.

>>18727994
> killed a rat in a glue trap.
Fuck, I had to do that once. Little fucker wouldn't fall for any of my instant-death traps. He was so fucking disgusting, squeaking and trying to break free. Put my dead dog's food bowl over him so I wouldn't have to see him. Then into a garbage bag with both shrieking rat and bowl, dropped a brick into the bag and the shrieking stopped. Then out the window and into the canal with the bag. It didn't sink. As I was pushing the bag down into the water from my houseboat window with a broom a police boat slowly drives by.

>>18728650
>When considering DCA, keep in mind that the strategy that would be your realistic alternative would be to simply go all in at once. Some people will argue that going all in will give better yields in the long run, I think DCA makes sense, I ran some simulations on the bitcoin history and DCA came out on top more often than not (compared to all-in). It also has the added bonus of helping you build a feel for how the price progresses. But my point is that you should not compare DCA to the third option, day trading and trying to time the market, because that's not a realistic alternative.

Noted. What is the current speculation regarding the halving? Is it bound to increase in value?

>>18728741
>Then into a garbage bag with both shrieking rat and bowl, dropped a brick into the bag and the shrieking stopped. Then out the window and into the canal with the bag. It didn't sink. As I was pushing the bag down into the water from my houseboat window with a broom a police boat slowly drives by.

Kek. Chuckled audibly.

>>18727258
forget the top 100
buy sub 10 mill cones

>>18727258
Real estate

>>18727258
what breed of cat is that? and more importantly can I dance? I'm trying to make it big on youtube.

>>18728765
>Is it bound to increase in value?
Nope, nothing is certain, and there are loads of plausible sounding arguments either way, enough that whatever way the price goes someone will be able to say "told you so" and present a credible argument for how they predicted it. Me, I think it will fall to about 3.8k-5k, then crab a while, then go up to about 35k-50k. I also think it will be worth $1M in less than 20 years. But that's me.

Here's what you should do: Set aside 10% for crypto and that means bitcoin. When some friend or family member tries to tease you say that it is conservative strategy to have about 10% in gold and that as far as you can see bitcoin is about as solid as other paper gold markets where you would also never see "your" gold, see where that argument takes you. Pretend that your bitcoin is your serious, non-speculative, hedge position (like gold). But in fact, it's your fun, might-moon-and-make-real-money-but-if-not-I-can-afford-to-lose investment. The other 90% you indeed build a stock & bond investment strategy with, and potentially consult an advisor for, that's actually your serious, less speculative portfolio. You now don't really have a hedge asset like real gold, but hey, you're young! And bitcoin might in fact well work for this purpose too, though hopefully we won't have to test that theory (if the economy recovers).

That's what you should do. What I would do is buy 1 bitcoin right away-ish (maybe buy half a bitcoin and then dca for the other half), then start building a investment strategy etc with a view to invest the remaining 60% in stocks & bonds but with the option while researching stocks to dca in a little extra from that money into btc if the price falls a lot. But what you should do is probably what you should do.

>>18728964
Obviously this is not actual financial advice.

>>18727998
damn, i wanna eat that just to get the experience

>>18727568

>>18727557
It's true.

>>18727981
>minizmed risk
>good return
Doesn't exist. You best bet is buying $10k worth of gold and splitting the rest between BTC, ETH and LINK.
That way you are guaranteed to not lose any money, but have a huge upside.

shrimp farm

>>18727258
$VIDT

>>18729214
cute dog

> stops collecting PNK
> Smiles
> Resumes collecting PNK