/biz/ - Business & Finance

>>21946250
>I can guess you get this a hundred times but can you give me advice or any useful links on how to start investing
here is some advice. dont listen to anyone on here. they are all scammers and paid shills. just buy aave and snx and hold for 100x. if you research them you will understand why.

>>21946250
eh a good book is The Richest Man In Babylon. Read that after you buy aave and snx so you know what to do with your wealth after you've 100x.

>>21946281
>dont listen to anyone on here. they are all scammers and paid shills.
>just buy aave and snx and hold for 100x.
is this serious or an attempt at humor

>>21946250
> 1.deposit all your money in 10$ bills
> 2.roll them so they look like cigarettes
> 3.one by one shove them up your ass
> 4.keep them there for atleast a week, so dont poo
> 5. You are now your networth
> profit
> nigger

>>21946333
Also trips concluded u gotta deliver now niggerop

>>21946315
>is this serious or an attempt at humor
serious

>>21946315
AAVE, SNX, LINK, PNK, patience = rich
I cannot fucking overstate the patience aspect though. Don’t fucking panic sell when your shit goes down literally just hold and you’ll win in the long run

>>21946250
yea, first u buy your first stock and when you get bored of making or losing 1% then you decide to either use leverage or go into crypto because of the realization that the real money is to be had in crypto for the forseeable future. I started in stocks too, made some money, but then put it into BTC at $4k. Haven't touched boomer stocks since and I'm past six figures now

Most crypto is a scam, but the ones that aren't scams will net you far better returns than any boomer could ever dream of having. LINK, PNK, ETH, BTC, RSR, or some other alts I haven't researched yet just to get you started.

FUCK NIGGERS
FUCK KIKES
FUCK JANNIES

and most importantly, have fun. welcome to /biz/ nigger

>>21946427
>Don’t fucking panic sell when your shit goes down literally just hold and you’ll win in the long run
this is very important

>>21946427
When you talk about patience does this shit take years or less? I have no idea how time works with the stock
Also a quick rundown on AAVE and SNX etc?
A link that explains in depth?

>>21946434
What are some good reads about crypto
I know 0 about crypto I mean I know a bit more than normies but I usually ignore shit completely until I really get into it become autistic and get familiar to the point it's completely part of me and I think I should do that with money instead of being a faggot

Another question is how much previous knowledge is needed before getting into it? How much do you need to understand before going in and trying

>>21946552
i have about 0 knowledge but I think I might put a little 100$ into the snx just to see how it will go hopefully it goes well

>>21946613
I asked people who have knowledge to let me know I don't care about you betting 100 dollars to see how it goes

>>21946479
>When you talk about patience does this shit take years or less? I have no idea how time works with the stock
>Also a quick rundown on AAVE and SNX etc?
>A link that explains in depth?
aave is lending, snx is derivatives. both are targeting multi trillion dollar industries so they have a lot of room to grow. they have the best teams in defi and the best tech. they btfo the competition. defi will eventually replace the current financial industry. there are bull and bear cycles that last a few years. we are at the start of a bull market. sell at the top of the bull market at end of 2021. should be 100x by then.

follow the top defi guys on twitter. aave devs, snx devs, andre cronje, degen spartan, chainlinkgod, etc. best source of info

>>21946552
>Another question is how much previous knowledge is needed before getting into it? How much do you need to understand before going in and trying
buy eth on coinbase, send eth to metamask wallet, buy snx and aave on uniswap. that's all you need to do

aave is upgrading to v2 soon, so you will have to migrate your tokens when that happens or you will lose them. follow them on telegram, twitter, medium so you know what to do.

good luck

>>21946667
>>21946639
I mean I appreciate your help but most of what you said doesn't make any sense if you're not already into it and you didn't really explain in a way that anyone from outside could understand. You just told me what you're doing and I have no reason to believe it works or ways to understand why it would and exactly what you're talking about

>>21946520
Just think of crypto as a stock that doubles as a tool for something. The only real things you need to determine whether a crypto is a good project is by looking at their website, researching the team from there, and doing some basic math.

The things you want to look for is primarily use case. Think to yourself "why would anyone ever need this token?". If you can't think of a single good reason scrap that idea and move on. If you go to a crypto's website it should have a clear use for the tokens in their system, if they don't have something like that why would the token ever gain value? You'll want to look at it's circulating and total supply first off. Circulating and total supply are one of the most important parts because it determines how much cash flow you'll need to ever see certain price points, and use your imagination on where you think a use case would fit compared to other coins in the top 50. If you can't see a token being in the top 50 in the future don't bother with it in my opinion.

If you want to know websites;

https://chain.link/
https://link.smartcontract.com/whitepaper
Probably one of the most important crypto projects you could invest in.

https://kleros.io/
https://kleros.io/static/onepager_en-3165e4676c4ed1529064608a83967c23.pdf
Kleros is essentially LINK but for the subjective side of oracles. You'll know what I mean by that later.

https://www.coingecko.com/
Use this for basic crypto information, one of the best resources you can find

If BTC goes past 13k in the near future it's the safe bet. Cash out at a comfortable price though or when you hear normies talking about BTC again. ETH is a solid choice too if you want to play it safe, but there are more gains to be had in the other two alts above. If you buy PNK expect pain, suffering, and a very long wait (probably).

One last thing, it's sort of a right of passage to go through FUD and suffer here on the board. Trust nobody

>>21946520
>>21946858
Forgot to mention, if you want to store coins long term "MEWconnect" is pretty good for ERC20 tokens. Essentially tokens able to be stored on the ETH network. This includes (obviously) ETH, LINK, PNK, RSR, and most shitcoins you see shilled here. It won't store BTC though, that's a common way people trick newfags into losing money

>>21946858
What does it mean to invest on crypto?
Basically buy crypto currency and sell it when it increases value?
I know people made some money with it but it seems like bullshit overall

>>21946723
>I mean I appreciate your help but most of what you said doesn't make any sense if you're not already into it and you didn't really explain in a way that anyone from outside could understand. You just told me what you're doing and I have no reason to believe it works or ways to understand why it would and exactly what you're talking about
pnk = kleros = shitcoin being shilled by paid pajeets. this is why you shouldnt take advice from biz.

>>21946913
It depends on the crypto, most of the actual legitimate projects have ways you can earn. Usually by staking or participating in their programs somehow. For example BAT (I don't really know THAT much about BAT) are tokens you get from watching ads voluntarily through their browser which you can then sell if you want but I'm sure there's other uses for them. Each individual crypto has it's own use, that's the entire point of crypto in the first place. It's kind of like asking me what it means to invest in a stock. There's more to it than "number go up"

Sure you can always sell something once it increases in value but I think you're missing my overall point. There has to be a REASON for it to gain value in the first place, this is rule #1 for spotting a shitcoin. All these things you see skyrocketing like BTC, ETH, LINK, BAT, RSR, etc etc have actual uses. Some of them fail sure, just like any company or stock you invest in. This is why it's important to take at least some profits.

>>21947003
Can't you bet on coins crashing like Soros did?

>>21947097
sure if you want to get liquidated by chinks and market manipulation, it's called "shorting"

>>21946250
can't really go wrong dumping everying in SPQ/QQQ/VGT etc. TQQQ if feeling extra ballsy. don't fuck around with crypto unless you like getting gaped by the tax man. unlike the equity market, the crypto market hasn't had the benefit of billionaires/corporations lobbying for decades to rig the game in their favor.