/biz/ - Business & Finance

Diversification in Crypto is a meme, 99% of coins are chinese vaporware that will only lose you money, such as 6/8 coins you bought there. Liquidate all of it and go 80% link 20% V-ID

where is your nimiq

So much shitcoin and this thread will only attract more shills. Link Eth BTC that’s all you should have

>>20503469
this. so much this.

>>20503469
>>20503517
Exhibits A and B

>>20503408
You are going to get financially raped if you just keep buying /biz/ shills. 90% of biz shills are pump and dump scams dude. Your are diversifying yourself into trashcoins. 1/10 portfolio, DYOR and lurk more.

>>20503469
>>20503511
Even ADA, XSN and RSR ? Had the sensation it'll be damn based one day.

I was wondering about DEXT and STA...

>>20503408
>I'm trying to diversify
>10 LINK
>shitcoin salad
Just kill yourself now.

Sxp

>>20503408
Who are you trying to fool?
Do you wonna look like Chad or not?

60% Link
40% XSN

If you want to go 110% then just add 10% more XSN.
Don't ask.
You know this is what Chad would do and it would make sense.

>>20503408
>>20503469
>>20503511
>>20503628
>>20503681
I know this is a LINK board, but let’s face it, it will never go beyond a value of $10.

If you care about your money, only buy Bitcoin or Ethereum. The rest is too dependent on the dev team and they always shit the bed as soon as they become rich.

>>20503586
Hum, I guess that's a trash portfolio then.
Already got buttfucked by STA, but I'm balldeep so I need to wait for a correct pump.
Well, I'm learning the hardway. I did a lot of research, but I guess I still can't always grasp what can be a good solid tech in crypto ecosystem.

So LINK, VIDT, BTC, ETH are more longterm diversification I guess. Thx fren

>>20503628
I know right :'(

>>20503756
Screenshotted. Look forward to seeing your post again.

>>20503788
Checked

>>20503788
>he thinks the screenshot will be comparable to the 2011 Bitcoin posters
Top kek

>>20503764
You will be told you can make money on these x2 and x10 uniswap shitcoins even if they are scams, but the real money is made before they’re even shilled on biz and any gains you do make are incidental, and depending on you timing the cash out correctly.

If you actually want a crypto investment portfolio, DCA into BTC ETH LINK and just leave it alone. Don’t check the price everyday, and for gods sake stop taking advice from biz. Anything else you put your money into is just gambling with the odds not in your favour, and by your own admission you don’t have the money to lose to Russian and Vietnamese telegram pump and dump coordinators.

>>20503756
I agree.
I'm trying to make him buy XSN to save the poor soul.
Once he is in and starts DYOR, then the Linkies will get converted into XSN - 110% all in and he will have reach full scale Chad identity.

>>20503764
I’m being hard on you but I’m trying to save you from yourself. You will lose in the beginning, maybe even for a year or two but as long as you learn from your mistakes you can make it. The shitcoin game is ruthless, it is not easy money.

I cannot stress how important it is to DYOR and trust NOBODY. Use shills as a jumping off point to look into a coin. Personally I’m super bullish on Bzrx, but its 4% of my total portfolio (my portfolio is large) take this shill as an opportunity to look into what it is/does/competitors. Don’t just blindly buy because I said so.

Just keep it to Link, RSR and DMG

>>20503788
CHECKED

>>20503857
That look like a good advice. I was telling myself that shitcoin were a good gambling/kickstart for liquidity if I'm getting a bit lucky, or just finding the good project at the right time (without getting scammed like a retard on BAGS).
I'll try to aggregate my liquidity in solid coins I guess, and put a little bit in maybe good future coins (like XSN, or ADA).

Thx fren for the advice, i'll keep it in mind!

>>20504004
>t. future red wojak poster

>>20503408
>>20503764
>So LINK, VIDT, BTC, ETH are more longterm diversification I guess. Thx fren

Anon, I've been on /biz/ since 2017 and have owned VIDT for over a year (I can post wallet and txs to prove this)
I mean this when I say it. VIDT is NOT a long term play. It is probably going to do well, but holding the token has absolutely 0 utility to you.
It is meant for use by clients of VIDT. If you get caught up buying and long term holding coins that quite literally do nothing for you as an investor, you will get burned.

Keep VIDT for a bit, maybe until it pumps to 50c (thats my sell target) and then get the fuck out and never look back. My advice is to dump all VIDT profit into LINK and then play around with your other coins.
I own 10k VIDT and will be putting all of it into LINK the very day VIDT crosses 50c

>>20503939
Thx for being hard on me, I need it to learn. I was ready to loose a lot of money by starting crypto studies from scratch, but getting advice from experienced chads can make me save on those looses.
I'll wait for good times to liquidate my shitcoins, and focus more on research and ways to judge a coin current and potential value.

My current thinking process was to see a shill somewhere, researching a bit around it, and buying like 50$ and see what happens (just wanted to learn). I guess that suicidal at some point.

>>20503756
cringe

>>20504119
Ok, i'll look into it more. Thx!

That make me think that I should look into staking, pooling and leaning. I don't know if my smol stacks will make any reasonable profit tho.

>>20503764
From my experience in crypto. Research only does so much. Memes pump the market more than actual good news. Take it as you will fren

>>20503606
I think RSR is a solid hold.

>>20504283
ssssshhhut uuuuup

Anon my rule of thumb is don’t buy anything with over 7 threads a day on here unless you plan to dump it fast before the threads run dry. Scout threads for an off mention of random projects, look into them and the quality of their website, the novelty of their tech and the roadmap. That being said my shill to you is MTA, AKRO, SWAP. Link is dank memes melting dreams but it won’t get a newcomer with little monies anywhere.

>>20503764
BTC is a dinosaur but people will always want it, ETH and Link are coins you should definitely have. RSR is a good long term investment that is going to keep going up over the next 5-10 years, with projections at $1+ in the next 2 years if decentralised projects stay on people’s radar as the next bullish trend but you need to do your own research.

>>20504343
Because Bitcoin compete with gold.
It's digital gold and if you don't understand the value of owning gold, then it makes sense why you referred to it as a dinosaur.
Most people are clueless about real money.

>>20503469
>>20503586
>>20503756
>>20503857
>>20503939
>>20504119
>>20504339
>>20504343
Anyhow, thx frens for the advices! It cleared my mind a lot.
I guess I should listen to some good hearted chad sometimes on biz.
I'll now start to do some serious researches.

>>20504485
>It's digital gold
you thinking this doesnt make it so
its buttcoin to most people
its useless to people who understand crypto
its "gold" to assholes that own it

>>20503408
>a month old

holy shit. how are you even using a computer?

>>20503843
>he doesn't know

>>20504485
I was thinking about buying actual gold to diversify out of crypto. But your post clicked in my mind. That's pretty damn true actually.

>>20504547
I'm doing it actually.
But that's a pretty complex shitstorm we you get in without any economic experience.
I wanted at first to just ape around with shit trades on shit coins to learn the basics, but I guess now i should just get serious and buy what matter for the long run.

But I guess I'm pretty slow with complex things at first, one day I'll get a chad wallet.

>>20503408
RSR and AE

remember that depending on where you live, trading crypto to crypto is a taxable event

>>20504726
Yup, I integrate it in my calculation, look like in France it's a 30% flat tax on profit when you cash-out to fiat.
Looks fine by me.

>>20504726
you can deduct losses and expenses tho right

>>20503408
>no BTC
stay poor, gambling faggot

>>20505145
Thanks mate, I'll sell my house to buy BTC then. (already got some, but not that much)

>>20503408
>no pnk
Jfc

>>20503408
bulk up your XSN stack anon
youre gonna make it

>>20505145
How does one increase their amount of BTC by just holding BTC? Using alts to make more BTC is clearly the correct strategy

>>20503408
Not bad but you need to increase your XSN, those are rookie numbers

>>20503408
Pretty solid. Sta will moon.

>>20504339
>don’t buy anything with over 7 threads a day
Good rule of thumb. Thoughts on BZRX?

Op is a retard. Just go LINK, LINKPOOL, XSN.

You got XSN so you're smart.

Just look for promising defi.

If the project isn't working in Defi with lightning Don t waste your time

>>20503469
this

but also remember everyone long term holds their profits in BTC.

also, if youre a poorfag, concentrate on making more money rather than putting hours into ""finding gems"" that will make you eighty bucks when they "moon" lul. This is the uncomfortable shitcoin redpill than no one wants to hear.

>>20506095
>How does one increase their amount of BTC by just holding BTC
uhhhhh a job lmao. go sell drugs or drive for uber or tutor some stupid school kid in basic math or do some gardening for an old person.

>>20503408
you cant diversify with such a small portfolio, put it all in xsn

>>20503408
When you have so little money invested you should go 80% in a long hold and 20% in profit chasing or 50% 50%. You should buy into SWAP while its still under .30c because if Buidl can reach a dollar then SWAP is going to reach $3.

If xsn was a vape flavour, what would it be?

>>20503606
ADA is a solid hold.
Lots of linkers hold ADA too. Diversification isn't a meme..only diversifying into shit coins is a meme..

>>20503857
>Says don't listen to biz. But is unknowingly part of biz...

>>20503408
liquidate everything into RSR and you'll make it.