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/biz/ - Business & Finance

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22444368 No.22444368 [Reply] [Original]

I'm a wagie poorfag and it seems in order for me to make it I have to play pump and dump games. Feelsbad

>> No.22444489

I hate when I'm accused of being a whale, a dev, or a fudder when I've never either any of them. This board is full of pajeets and bots. One way out of this is to make a personal IRA account and invest in a fund inside it. It's tax free until you withdraw and because the fund is managed it will tend to go up. I made one at Fidelity and invested in Contrafund. If you google FCNTX it shows you the chart. Another way is to put the money in shares of Apple (AAPL). This won't let you make it immediately, but it will cause your amount of money to go up at a reasonable pace.

>> No.22444551

>>22444489
Your right anon. Maybe I should go with something more stable

Thanks fren

>> No.22444594

>>22444368
https://yearn.finance/vaults ?

>> No.22444609
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22444609

>>22444368
Fellow poorfag here, this is not true. Spend ages reseaching (including looking for recommendations on biz, but always DYOR) low-ish market cap coins, roughly between rank 100-200 on coingecko. Find a project with strong fundamentals, do plenty of reasearch, then put money in gradually. Then just wait and watch, watching the news for any big announcements. Read FUD and use your own brain and research to decide if it is something to worry about or not.
Good luck, you can do it anon

>> No.22444625

>>22444609
Not him but where should you research?

>> No.22444684

>>22444609
Thanks for the advice poorfag fren

We will make it

>> No.22444732

>>22444368
I was too brother. You don't need to play the shitty defi rugpull game. Do some research. And I don't mean "hurr durr DYOR no SPOONFEEDING" I mean, start by just learning everything and reading up on the coins you already have heard of. Learn about their teams and what they do. Keep track of the news. This get rich quick 100x shit is not the way. Neither is holding. Learn about swinging. Decide your fundamentals of when you sell when you buy and stick to them. Learn to read that wiggly line everyone memes about. You'll find it's much more predictable in crypto since everyone is a newfag. You'll see guys on here rambling about market cap meanwhile they have no idea what they're doing. You can do this anon. I started with $70 us. I'm over $10k now. Far from making it. But I'd say that's pretty good at least in my terms

>> No.22444736

>>22444625
I don't really know desu, I lurk on biz and look for coins that aren't talked about very often, however the few times they are the overall sentiment is positive and there isn't too much pajeetery (this worked for AKRO, RSR and XHV for me personally). Then do a bunch more reasearch. Another place to start is literally by looking through the 100-200 rank on coingecko and picking out random ones to look at. Skim through them all looking at their website, then keep narrowing it down through research until you end up with a handful of promising projects which you think you should research more into. Worked for me, but I'm no investment god or anything so see what works for you.

>> No.22444769

Pick good quality projects that you have researched and have a good long term potential then hodl them.

>> No.22444823

JUST FUCKING HOLD BITCOIN. Why does every idiot think they need to invest in shitcoins or pull a quick return? Bitcoin is guaranteed money long term. You don't even have to be rich, if you invested $1000, 2 years from now that'd be $100,000. Can you not wait 2 years? Would you rather waste 30 doing this pump and dump nonsense?

>> No.22444934

>>22444823
$1k would be nice to invest fren

>> No.22445131

>>22444823
This is really the way to go. Some people get very lucky working with shitcoins, but most people lose. Everyone else has the same idea that you have...

>> No.22445196

>>22444823
>if you invested $1000, 2 years from now that'd be $100,000
No it won't. Bitcoin has peaked already

>> No.22445215

>>22445131
Solid advice from both anons

Thanks

>> No.22445273
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22445273

>>22444736

>> No.22445290

>>22444823

more like 10k

>> No.22445437

You can make a big money on DeFi pump and dumps but they are very risky and can go tits up fast. Much safer play is to do something as >>22444823 suggested and hold the big caps. BTC, ETH, LINK all of them solve different problems and are already establised so you don't lose 90% of your money in a dip. You want to hold big caps for long term and play new shitcoins short term and rotate those profits to your main holdings.
Here is how your portfolio should look like 70% allocated between BTC, ETH, LINK and 30%
on small caps you have DYOR. This is solid 5x-15x by the end of 2021.