/biz/ - Business & Finance

unironically bitcoin, learn its history, how it works and why it is so revolutionary.
then do the same about ethereum.

>>23015162
Just learn about btc/eth, listen to interviews of many different voices (btc maxis, vitalik buterin, vc firms, etc)

>>23015194
>This
buy bitcoin then start dabbling in shitcoins eventually you'll be a degenerate shitcoin gambler on uniswap

>>23015162
Buy BTC, don’t gamble, don’t wrap it (WBTC/renBTC or similar scams), keep your funds in a cold storage (don’t leave them in an exchange).
If you want to get rich overnight you will lose it all.

>>23015162
> I don't how to read white papers
you should be able to understand 80-90% of the BTC ETH and LINK whitepapers without having a technical background, you should be able to understand 100% of what they're trying to do at a high level for that matter

>>23015162
>A
buy into bitcoin weekly since it has better return than stocks
>B
buy LINK if yolo
>C
buy and hold 33% each of BTC/ETH/LINK

>>23015162
2 years into crypto and i barely know how crypto works

Crypto is gambling. Don't listen to these retards who pretend otherwise, they're all full of shit. There is no system, there is no pattern, it's completely luck. There's a reason no real investors put their entire eggs in the crypto basket.

>>23015472
It's a store of digital value.

>>23015329
Yes but the problem is that ALL white papers sound plausible if you don't know about what you're reading. They're written to make the project sound exciting and relevant and potentially revolutionary. Telling a scam from a project with genuine potential takes time and expertise.

>>23015472
BTC is not a gamble, it’s running for 12 years, it was attacked in any possible way and it’s still up and running and growing stronger every day
Sure if you buy into defi scams, xyz.finance scams, andre cronje rug pulls, uniswap rug pulls or useless brand new layer 1 solution, you will definitely lose money

>>23015486
>digital value
Like a Mario high score.
I think the gold/BTC move on Trump having the Chyna bug told us everything we need to know about what the market thinks of the SoV argument.

>>23015162
Watch some simple videos explaining the basics of bitcoin, watch some about eth, and lurk here. I used to be the same and now about a year later I can understand whitepapers for the most part. It helps to know a little about economics and CS going into it, but you’ll be fine if not.

>>23015584
So how do I learn to tell the difference?

>>23015584
That's not the point. WPs are the technology without the math proofs. If you can't develop the expertise to tell a scam from a good horse, you pay an expert. No-one is going to give you that for free.

>>23015600
Could just die overnight

>>23015686
Okay but I think there are two possible interpretations of what OP was asking. He asked "How do I start off learning about crypto." Most people in this thread seem to have interpreted that as "how do I learn the technical background to know how it works". But you could plausible also read it as "how do I understand my way around this space so I can make money from it and not get scammed".
Since >>23015678 is OP's only other post in this thread, it's likely he was thinking along the lines of the latter question. So if your advice is to pay an expert... who did you have in mind? Getting your tips from /biz/ isn't usually such a great strategy, after all.

>>23015797
you have no fucking idea how distributed systems work

>>23015584
tell me how platforms that don't have trust minimized access to off chain data are going to access off chain data

>>23015637
You can't transfer Mario High Score in a decentralized trustless way. If you could it would be considered a cryptocurrency.

>>23015678
just keep in mind that legit projects are like 1 out of 1000
start with BTC, with private key management, cold storage, backups
this is the basic, if you don't know how to manage your wealth don't even think to start investing randomly
also, keep in mind that at the end of the day all it matters is ownership of the funds
private keys = ownership
if you keep your wealth into a chink exchange, you don't own shit
if you wrap you btc you don't own shit
if you trust a 3rd party to manage your coins, you don't own shit

>>23015836
I want to understand how it works so I can find the long lasting coins and profit off them. I want the monies.

>>23016110
>I want the monies.
who doesn't?
but don't start gambling left and right or you will lose it all
the only safe coins are BTC and ETH, but split 80% in BTC and 20% in ETH
and keep accumulating each month with your paycheck, eventually it will pump once every 4 years and you can sell for a profit, but you need to be patient in this game

>>23016154
Where do I aquire this "paycheck?"

>>23016262

>>23016355
Kek

>>23015162
step 1: Buy Chainlink
step 2: Hold Chainlink
step 3: Sell Chainlink and everyone will think you're a amazing investor even though you don't even know what a blockchain is

>>23015486
>Crashes 90% from one day to another
>Store of value

Why do you idiots keep parroting this meme? Cryptos are designed to launder money, drug trafficking, child porn and nothing else. Stop dreaming about your ancap fantasies, it will never happen.

>>23016710
>Cryptos are designed to launder money, drug trafficking, child porn and nothing else.
Go read FinCEN leaks you stupid monkey.
BTC tx are public, nobody is dumb enough to do illegal stuff with it.
Percentage of criminal related tx on BTC are orders of magnitude lower than USD.
Maybe some people buy weed with monero but that’s all

>>23016710
Yes all stores of value fluctuate. Congratulations on realizing this.

Criminals prefer fiat.

>>23016765
>>23016766
Keep telling yourself those stories lmao

Cryptos don't have practical use cases unless you are a CRIMINAL.

>>23016822
>>23016710
cryptos are designed to be self sovereign money that works without have to trust a central counterparty, fiat works great until it doesn't, enjoy your savings account, enjoy your paper gold and other pms (unless you own physical then based)

>>23016822
>Cryptos don't have practical use cases
The practical use case is being a store of value. And that's just for BTC.

Criminals use any currency that they are able to. USD is the most popular one.

>>23015236
eventually yes, you always end up as a degenerate gambler :) loving every minute of it!

I AM FINANCIALLY ROTTEN!

>>23016671
This is my strategy at the moment

>>23016972
>Boomer exclamation points!

>>23017057
lol i'm 28 dude hehe not evertone here is a boomer. get in ROT or get rekt kek!

>>23017127
everyone*

>>23015162

>learning crypto

Lel
Just browse /biz/ daily and invest in coins that arent completely brand new. They moon eventually. Theres enough learned people here to where you dont have to know shit because they're always bragging about their next moon. And if it's a scam theres always a bunch of other people ready to blow them the fuck out like with YFMB. Granted this wont work out if you dont have good sense but really you will obtain good sense by just reading the discussions here.

>>23017959
Yeah this has been my homeboard for like six months now so I think I'm getting the hang of it. Thanks bro.

>>23015290
By cold storage you mean wallet? why not keep it in exchange? like bitfinex

ty

>>23018085
not your keys not your coins

>>23018085
>>23018102
same idea as for pm's: if you don't hold it, you don't own it, watch catherine austin fitts, she finds crypto scary, but the reasons she finds it scary are the same reasons you should be bullish on it

>>23015162
read the wealth of nations and come back

>>23015472
imagine sniffing konata’s thirty year old hikikomori anus in her musty single room apartment and nuzzling your face into her unwashed hair while you snuggle warmly during a thunderstorm

>>23018085
That shit gets hacked and glitches out brah. I saw a few posts around a month ago of people saying all of their LINK disappeared from their coinbase accounts.

>>23015436
Link is hurting me right now

>>23015162
If you have enough starting capital you can just drop an eth on literally everything that /biz/ shills and don't sell unless it goes 100x. Don't learn shit except how to buy and sell on uniswap. Maybe how to stake and transfer to a new wallet if you want to get fancy. EZPZ.

>>23016671
Anon-kun you so smart and sexy. What do you want for din din?

>>23019221
you should be up minimum of 5x otherwise you're a newfag

I remember reading whitepapers in 2017 thinking wow this coin is amazing! 5 of those coins are dumpster tier now. Whitepapers are just trying to sell you a dream, who fucking needs them.

>>23015162
I've read every wp of every coin I hold, and still have losses. An useful indicator is understanding market emotions. When everyone is talking about a crypto like it happened with YFI, it's time to sell, not buy. Think long term and try to invest in projects that will endure the time, probably future trends will include green energy, IoT, AI, data, etc.