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/biz/ - Business & Finance

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23126175

Losing money on crypto Anonymous Thu Oct 8 12:03:48 2020 No.23126175 [Reply] [Original]

My question is this:

>How does one honestly invest in shilled meme shit coins like RSR, PNK, XRP, Y scams, yield farming scams, XMM, BSV, RLC, xBTC or SWIPE
>what goes through the mind of someone who invests in these coins
How does someone honestly invest into shitcoins and lose money? I have only been into crypto since April and have been rugged twice. After that I learned real quick the feeling for something being a scam or not. So many scams out here. I may have missed out on some quick and easy money, but by not trying to get rich quick I didn't lose anything.
I have only lost money on tiger coin and unitrade so far. Even then only a couple of hundred of dollars.

I only invest in coins that will certainly make me money. It is obvious there is only a few coins that will do this.
LINK, STA, CORE, BTC, ETH are among the few you wont get scammed on IF you play it right

>>	Anonymous Thu Oct 8 12:04:27 2020 No.23126192 >>23126175 Core shill thread. Scam.

>>	Anonymous Thu Oct 8 12:05:33 2020 No.23126221 >>23126175 AntiRLC psyop thread Fuck off scammer

>>	Anonymous Thu Oct 8 12:06:03 2020 No.23126235 >>23126192 Lol I am up 3000 dollars how is it a scam. The coordinated fud attacks on CORE are so obvious. Seems like someone paid thousands of dollars to get a team of fudders to attack whenever CORE is mentioned.

>>	Anonymous Thu Oct 8 12:06:37 2020 No.23126248 >>23126192 they try, and I like that they changed from one line half sentences to prose

>>	Anonymous Thu Oct 8 12:07:05 2020 No.23126255 >>23126221 Ok. Redpill me on RLC then and tell me why it isn't a scam

>>	Anonymous Thu Oct 8 12:07:14 2020 No.23126261 >>23126175 If you have been rugged once you are retarded.

>>

Anonymous Thu Oct 8 12:14:40 2020 No.23126417

>>23126261
Tigercoin... was a lol experience. The dev was white and called people on the phone. We had a heart to heart. The deception was next level. I will not make the same mistake again. His white skin and silky smooth western voice tricked my being into thinking he wasn't a pajeet.
Tigercoin proved to me that pajeets can be white.

>>	Anonymous Thu Oct 8 12:31:07 2020 No.23126706 >>23126417 Bump

>>	Anonymous Thu Oct 8 13:11:38 2020 No.23127481 File: 2.08 MB, 640x640, 1599246351478.webm [View same] [iqdb] [saucenao] [google] >>23126175 >XMM SHILLED MEME COIN >STA IS NOT A SHILLED MEMECOIN OP is retarded

>>	Anonymous Thu Oct 8 13:15:33 2020 No.23127546 File: 125 KB, 332x332, EfGZCcbUwAAJK03.png [View same] [iqdb] [saucenao] [google] >>23126175 >I have only been into crypto since April It shows.

>>	Anonymous Thu Oct 8 13:16:37 2020 No.23127569 File: 26 KB, 249x249, klerosc.jpg [View same] [iqdb] [saucenao] [google] >>23127546 this

>>

42 Thu Oct 8 13:17:47 2020 No.23127594
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>>23126175
>I may have missed out on some quick and easy money, but by not trying to get rich quick I didn't lose anything.
that's the key
you need to do fundamental analysis and forget the (((technical analysis))) chart astrology
the only way to truly make long term gains and avoid getting rugged is to invest in projects that you've done your in-depth research on and feel comfortable buying into

if you do your fundamental analysis correctly, you won't even be checking the prices very often
the best investments I've made were ones where I buy in, and I forget about it for a year. I come back and see significant gains
you have to understand that there are paid shills astro-turfing /biz/ and it's been this way for a while now

my main portfolio (from highest to lowest holdings) consists of the following:

-chainlink
-linkpool shares
-polkdot
-rsr
-dmg
-uni

>>	Anonymous Thu Oct 8 13:21:04 2020 No.23127662 >>23126175 When you get burned, you learn real fast.

>>	Anonymous Thu Oct 8 13:26:41 2020 No.23127783 >>23127594 >no BAT >no QNT >no PNK >no OMG Good analysis but you’re kind of a retard as well.

>>	Anonymous Thu Oct 8 13:33:16 2020 No.23127921 >>23127594 also no BTC and ETH

>>

Anonymous Thu Oct 8 14:03:27 2020 No.23128621
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>>23126175
whatever dude. hold ALUX, retire rich. www arturislux.com/airdrop I know the guy making it and let me tell you, it's the most no brain business model that exists. The main dev is obsessed with transparency and no one in the company makes more than 120k a year. they are not playing. the white paper releases tomorrow.

>>

Anonymous Thu Oct 8 14:07:11 2020 No.23128690

>>23126175
Well I buy anything that I can makena buck on and sell when I'm in profit. I recently saw Swipe bottom out right around 1.00 and so I bought in and I'm up 25% after only a few days. I will flip my profits into BTC and put my initial back into some other project that is also about to pump. Making money off shitcoins in bull markets is easy, just don't get attached to holding anything.