/biz/ - Business & Finance

Leave this place if you want to make money

>>24056216
No there isn't and I've been thinking of starting some type of general for the board.

>>24056249
you mean 4chan? i only browse /fit/ because it helped me lose weight and get muscles.
i want to start making money before the inevitable crash comes upon us in 10 years.

>>24056216
Fellow medfag here, just buy RLC and wait.

>>24056371
i am from europe, where can i buy coins? i am sorry, i am a certified /biz/ retard

>>24056307
shame, strange there isnt really a basic sticky

>>24056324
>you mean 4chan
No I mean /biz/
It's full of scams, if you want to buy a coin, make sure it has a serious website, team, and that you read and understand the whitepaper, otherwise it's a scam

>>24056216
save as much money as possible and just buy BTC and ETH with all your extra money. Also never sell

>>24056216
>med student
>know fuck all about finances
You mean you know fuck all about anything.

>>24056751
guess ill start by reading some guides on trading, thank you for the warning

>>24056808
The stock market general threads are pretty good however, but be careful of anything related to crypto

>>24056789
isnt it too late to start buying btc? from what ive gathered the price is just as high as the spike some years ago. i cant buy a coin that loses its value to a half of it in some months.

>>24056798
you arent wrong, but i know at least on how to get by this cursed earth. now i want to step up.
>>24056837
i will look into them, thanks man

>>24056850
bitcoin is getting harder and harder to mine as time passes, it's still a very valuable asset, I'm pretty sure we'll break ATH, but you'll have to be patient

>>24056808
NO WRONG FIRST MISTAKE
also med student here, I know a lot about trading and yet I lose, forget it trading is a stupid meme and only a waste of time.
A good trader makes the same as someone who just holds and an excellent trader (40hrs+ per week of research and lots of stress etc) makes a marginal profit, only worth with huge amounts of money.
There's no way you can beat the bots. All you need to do to make money is drop seed money on good project like some other anon mentioned. And buying dips and selling at a profit, that's all you need to know, be patient and good luck.


PS: Forget trading , no student has time for that, it's like picking an other career, it's like telling your mom you wanna be a rockstar now, don't be retarded.

>>24056850
>isnt it too late to start buying btc?
People have posted this every day of every year for nearly a decade

step 1. make money
step 2. don't consoom
step 3. buy btc and aggressive ETFs

>>24056912
this.
op resist the temptation to trade. you will lose tons of money. just hold.

>>24056899
so hodl it is
>>24056912
i get that trading is a full time job. i meant guides by just reading something to the basic terminology, theory etc. that i just know what the fug i am doing (for example what is a "good" project)
>>24056944
thats a point

>>24056850
I'd wait for a dip once we bounce off the all time high.
It can potentially go much higher this cycle, up to $50000 imo.
What I'd buy now is ETH, it's undervalued compared to BTC. Last time BTC was this price ETH was at $1400, now it's at $475 and it's gonna shoot up very soon.

Also this guy gets it >>24056912
you may not even beat the market trading and it's very time-consuming. Buy dips, hold and maybe sell some when you're in sufficient profit.

>>24057004
>i meant guides by just reading something to the basic terminology, theory etc. that i just know what the fug i am doing (for example what is a "good" project)
then by all means go for it, read about basic technical analysis - chart patterns, volume, support and resistance, order flow etc.

>>24057066
yeah exactly what i meant
>>24057028
what would a secure amount on trying out coins be? I would consider trying it with 50 Euros for now.
>>24056983
>>24056971
thanks frens

>>24056808
Ignore the faggots who are gatekeeping /biz/ after falling for the pajeet filter threads we have around here.
It’s easy to navigate this mess with experience.
If you’re not experienced, just DCA into Bitcoin every paycheck you get and never sell, that’s it. You’ve secured your family’s future.
If you want to get rich on the other hand, you have to lurk, like a lot.

>>24057028
>>24057004
>>24056983

Thanks for agreeing, I have given my self absolute trading-ban after realizing that I transformed 6k of swiss francs into 4,7 in only 12 days. And it happens gradually and in a sneaky way...
>transaction fees
>fomo's into green candles
>buying when there's low volume (ergo higher prices with your order volume)
>selling when something dips because "muh sats"
>investing all at once instead of reserving some fiat for dips
>not going full bitcoin maxie kek

basically the mistakes I made

What do you think about duckdao.io?

Wanna play their Hunters season but hard to decide is it good or not.
Please, take a look and give me advice

>>24056216
Don't trust anybody who shills anything other than BTC, ETH or LINK.
Exchanges: Coinbase or Binance.
As other anons said, it is much safer to hold than to trade. Most traders lose money.
You are lucky, because we're on a brink of a giant 2017-like bull run (at least the majority people in crypto thinks so). If you just buy safe major coins (BTC, ETH, LINK in any combination) you will be in a much better position a year from now.
Don't panic during the dips, and better not to visit /biz/ until prices rebound from drops. There's a lot of shitposting here, some anons will try to make you sell your position for fun.
Only invest what you can afford to lose

>>24057189
hm although it would be cool to be rich i am not looking exactly for this. i am more of a "secure your own future" guy.
So for now i just put every month a little bit of money into a btc wallet. Lets say i make 2000 Euro per month. I pay rent and food etc. but thats it. Luckily in Europe you dont have to pay for college. So with around 800 Euro of free spending money which i save every month, i should put 200 Euro every month into BTC? Or is it too much/not enogh?

>>24057337
lol I earn $1100 net in Eastern Europe and I put $800 into crypto this month
but I live with my parents

>>24057337
Depends on your risk tolerance, you can also put some money into mutual funds and your country’s Index fund. I don’t know the scene in your country so I can’t tell.

>>24057298
thats my biggest fear of the trading/stok business. Stories like yours have scared me off for the past 4 years.
>>24057319
And how can you be conifdent in that for example LINK is a good one? I know of BTC and ETH (the "big" ones) but what about LINK. Thank you so much for the advice though, just bought some BTC on Coinbase. Bless you man.
>>24057388
>>24057446
I am not looking to die in the near future, so my risk tolerance is pretty low. It also doesnt help that i dont have really any reason to have more money than i have now, i dont even know that to buy with the funds i currently have. I just ave a bad feeling about the future that i cant shake off, even pre-corona it was there. I live in Austria and i have no fucking clue what a countrys index fund is.

>>24057189
>pajeet filter threads
Okay how do I spot those?

>>24057596
>And how can you be conifdent in that for example LINK is a good one? I know of BTC and ETH (the "big" ones) but what about LINK

Link has been THE /biz/ coin for the last 3 years, there's been tons of research, discussion and memes, and this year it finally went up 10x, making a lot of anons rich (me included). It's been the best performing coin in the last bear market, and there's hardly any doubt that it will continue to outperform most of the market

>>24056216
bump for wholesome
the meme reply is "kneepads" which means "pretty much anything you can to get by"

>>24057780
No it means sucking cock. Stop trying to read into it further.

>>24057731
Huh. Go figure. This is really like the motivational threads of /fit/. I will read into it, thank you kind man.
>>24057780
nice one, good to know

>>24056216
dont be a retard and you can make millions here. all you have to do is just keep buying crypto when it dips. dont use leverage, dont use stop losses. ignore other anons fear mongering because most of them are asshurt newfags or boomers that hate crypto that just show up when it does a 3x and buy in onky to sell later at a loss and show back up again later.

the markets ARE manipulated. use this knowledge to your advantage

>>24056971
Literally this. Invest heavily in safe bets like BTC, ETH, tech stocks, and ETFs. I'm 5 years out of pharmacy school and already have $500k+ net worth. And my student loans are paid off. I plan on retiring in my late 30s.

>>24057943
yeah sounds familiar. My uncle is a local bank executive and he says that crypto is fucking bullshit. i mean i believe him to some degree, but the water cant be this shallow.
I mean i feel like a dumbass that i bought now some btc at this high of a price, but who knows what comes in the next year.

>>24056216
You are required to post sharpie in pooper with time stamp In order to access the real biz. See you later.

>>24056216
Nice work with covid, retard!

>>24058026
damn, good job man. i know that it might sound bullshit, but from what ive seen around me, is that retiring too early will just make you a slob and nostalgic loser in your mid life crisis. I would choose to just work with less hours per week. Keeps you sharp, yknow.

>>24056216
get some silver and gold first. then buy undervalued stocks in businesses that actually make a profit and pay actual dividends. don't hold cash, bonds, overpriced stocks, or crypto shit. there you go. you never have to come back here again.

>>24056216
seems like you are asking for the wisdom of BadgerDAO, did u?

>>24058055
I had 15 btc back in 2014 my econ professor told me to lose them as them being that high up is definitely a bubble and in "all his years of experience he's seen quite a few bubbles"
Well because of his retarded boomer advice I actually sold and now I'm fighting for 0.01 btc gains per week.

>>24058228
and then i go kill myself? sounds like all the things the people did before black thursday except the last step was missing.

>>24057337
>not looking to be rich
Look, you'rensaying that now but the first time you see your money grow from 5k to 9k in half an hour you will lose all your principles, it will trigger the most disgusting and greedy version of yours, those are dopamine highs that unironically not even sex can provide. You are lucky that people are actually giving you good advice in this thread, usually we spam newfags with pajeet coins so they lose it all and go away.

>>24058213
Yeah. I know myself. I love to work and would probably never fully stop. But I want to put myself in a situation to stop working if I feel like it, take a prolonged vacation in a different country for a few years, or to pursue another career that I find more interesting.

>>24058266
their twitter looks like a "get in this whatsapp group and make 10000 dollarinos a week!" adverts on youtube
>>24058269
sucks man, hope you are not completely ruined
>>24058337
i am honestly surprised that i get so much sincere answers. pleasently surprised.
>>24058348
that sounds good! i thought you meant that you want to retire and just sit on a fat stash of money until you die at the age of 85.

>>24058055
Yea you will most certainly get burnt eventually. I too was a dumbass when I firt bought LINK at $1.20 during mainnet, and I was a dumbass. Granted the only reason I bought it at that price was because I was waiting on banking institutions and their shitty 3-7 business day transfer policies. Which funny enough was another reason that sold me on crypto. I can transfer (by myself) tens of thousands of dollars within seconds. If I was to take a guess you'll probably have an opportunity to buy BTC around $15-17k again within the next few weeks. But chances are that will be the lowest you'll ever see a single bitcoin again, and I'm saying this as a person that doesn't actually own any BTC right now, I am all in crypto however. Being in crypto is an uphill battle. Most of the population either thinks it's a scam and if you ask the average person anything about it will just mention something about bitcoin in 2016 or won't know anything past that. Even the most tech literate people I talk to only have surface level knowledge and don't even know the basics like the 21 million btc limit or that it's divisible to 18 decimal places.

I guess the point is to only trust your own judgement. Even here on /biz/ you'll have people (like me) that pretend to hold other coins and convince people to buy scams because it's funny, or will spread false rumors to keep newfags from buying. Think of it as a sort of hazing ritual exclusive to this board. The pajeet scammers are just icing on the cake. /biz/ is useful for getting leads on market sentiment, finding subjects to research, and most importantly business related shitposting. Pic related

>>24056216
There are no stickies, however there exist few charts. If you really want to learn, you'd have to spend an hour or two daily here, hoping for some insiders. They will give you recommendations (unless they themselves are idiots, eg. bitcoin faggot from not so long ago).
We could give you some favourites, I suppose.
Mine is that hedgefund anon from the previous month. In one of his threads, I have even shared my to-read list. Good luck.

hey bro yea there really is one simple way to make money that is universally accepted around here kneepads

>>24058475
>>24058490
Thanks guys. /fit/ is exactly the same. Its the usual shitposting and memeing, people spouting nonsense with their programs and diets. But somehow you see sometimes some threads were someone is sincere and shares their experiences with us all. /biz/ is certainly more competitive, as it is with money, but i feel like there is something to gain from here, like you said. Like this thread here, thank you all.

>>24056216
My wifes a doctor and I'm a retired NEET. She just listens to me for financial advice but before that she relied on 'white coat investors' which is financial advice for doctors/med, you should already be aware of that tho.

>>24058437
No I'm doing alright, I never "lost" money, just potential gains of half a million. Also as a fellow medfag I don't really worry about my future, especially living in the richest country (per capita) of the world.

>>24056751
based reply is based

>>24058779
how old are you werter nachbar?

>>24056487
blockchain wallet app if you are a complete newfag

>>24059024
German and a typical german mindset = ngmi
You are especially fucked if you live in southern germanistan or austria.

>>24059153
then i am royally fucked, because i live in the most southern part of styria (austria).
Would explain on why i am a financial retard beyond wörking hard.

>>24056216
>med student
I would seriously think twice before letting a regular of 4Chan play around with my insides.

>>24059286
That really explains a lot, austrian wages are really low for a central european nation. Isnt the only way to get a good job there by knowing someone?

The level of opportunity garanties for traders is rising because of DeFi development. As for me one of the best example of it is Dymmax (dymmax.com) because it’s based on parimutuel betting with fixing odds

>>24056216
i found an incomplete /biz/ wiki on fandom with some useful resources

https://4chanbiz.fandom.com/wiki//biz/_Wiki

>>24059024
96er Jahrgang.

buy xrp then hodl, done

>>24057319
>Only invest what you can afford to lose
This is the best advice in the whole thread, also hodl.

>>24056912
Lmao you are both retarded thinking being a Med student has any credit/ relevance here. I’m final Med, on colorectal as we speak. Graduate in 7 mnths if our exams don’t get pushed forward re covid

I managed to trade all summer and aced my paeds/ obsgyn finals. You’ll get smoked though if you’re new because you’ll get obsessed and emotional.

62 k link + 45k bnt and some yax too.

>>24060180
>>24060180

>says I'm rearded for mentioning that I'm a med student on biz
>proceeds to mention he's a medchad himself

You're a faggot, also i mentioned it because it would be more relatable I was literally him before 2016 except probably considerably dumber.
Also go back to plebbit or learn how to space correctly

>>24059355
Many people are working "black" (working without taxing it, dont know how to word it) here. That could explain one part, wouldnt know too much about it though. I hear it all the time that being a doctor in Austria is very bad financially wise. I dont know anymore why i even started studying.

>>24059471
>>24060360
danke my dude, i appreciate it. Hopefully i will get on a level like yours, experience wise. Thank you for all the advice, going to sleep now and probably let the thread die. God bless.

>>24060407
I am german, I know exactly what you mean.

What defi systems can you advise?

It is hard for me to search out a worthy platform, checked y2ubeMpGuS4KKYeU, baseprotocol looks fine but want to know what do you think about it?

Can Cascade solutions give better profit with passive income?

>>24059461
thanks, ill look into it.
>>24059509
>>24059472
hodling on something promising and safe seems like the best approach after this thread for now.
>>24059339
oh would you know, we have an app called "Studo" for all students, and there are so much 4chan memes on it, you wouldnt believe. I think male med students are either socially awkward nerds or narcisstic chads (im inbetween).

>>24056216
buy low, sell high
i.e. buy when there is blood in the streets and sell when certain ethnics are starting to shill coins

>>24056216
Reddit is great for help and guidance fueled by the pseudo consumerist motivation inherent to karma.
4chan is the raw data feed of the internet. Sometimes we lie, sometimes we fud, sometimes we share, but we always call you a retard for not getting it. We have no reason to do anything other than what we want here.
You figure out which makes sense for you.

>>24060360

No I said it’s of zero fucking Relevance you absolute autist. Go do path in a closed room somewhere lmao

>>24056307
There is no consensus on how to build wealth. Even less so than how to properly exercise and build muscle

https://docs.google.com/document/d/15c3rN15rkXldY8Te3GDG4NG7noaaoikydOoZQlElwXw/edit
Maybe it helps.

>>24057601
Pretty much every coin that is not btc, eth or link is a scam.

>>24061689
what about YFI
can you redpill me as to why the fuck it hit 40k ATH?
and do you really believe we should HODL both BTC and LINK?

>>24057601
By lurking more.

>>24061689
>not including XRP

>>24061972
>40k ATH?
Firstly, we have to understand that market cap is all that matters

>>24062693
well yes
but if you'd have invested 100$ when it was around 10k you'd still have made some decent profit

>>24056216
I hold exclusively crypto and have consistently made lots year to year (went from $5k initial to $80k in a bear market) but the same rules apply with the stock market etc. Treat it like a savings account and forget it's there.
Keep track of spending. Don't buy anything unless you can buy 5. Write down every single purchase you make in a notebook. This will help you cut back. If you're one of the retards who eats out once or twice daily it will make you realize how stupid this is. Buy coffee beans and make your own cold brew or coffee instead of going to starcucks. Make your dinner instead of eating out. Skip happy hour with the soijacks. These things will all lead to improved mental well-being as well. Since I stopped consooming the alcohol jew my life has improved immensely as well as my wallet. I no longer buy coffee a couple times a week, etc. An extra $50-200 a week in retarded spending goes a long way when it's being invested. Good luck.

>>24063835
I already do all that and lived frugally but I got cucked by hyperinflation
at least I learned not to trust banks and never keep all eggs in one basket
Good luck anon and stay based; minimalism will prevail in the end

the general rule is buy high, sell low

thats it really, you dont need to know anymore than that, GL HF fellow /biz/nessman