/biz/ - Business & Finance

>>24395498
>How do you guys cope with the fact that you are doing something totally useless but getting hilariously rich?
By knowing that plenty of people are doing the same thing, but with much less risk

What's your strat bro? I wanna go long on BTC but kinda scared

>>24395498
Don't hate the individuals hate the system

For example, people like epstein should be tortured to death in minecraft, but he's just a symptom of the political system

>>24395498
In not larp congrats anon.
You didn't invest in failing institutions and rigged games.
You are a pioneer of our time and have been rewarded for it.

>>24395498
Op, how do i do it? I have around 10k, is there any way to X it without waiting 10 years for bitcoin appreciation?

>>24395498
>This shit is literally too fucking easy, I just wait for a chart setup or some news and click the green button and a couple days later I'm up mid six figures
You are full of shit
the only time where crypto was that "easy" was in late 2017 to early 2018.
t. 2013

Go to a temple and press x on the altar like in video games

I don't see any problem. You assumed risk others weren't willing to. And providing liquidity and capital to the cryptomarket is definitely not useless.

>>24395498
$1 million is not hilariously rich you btfo larping faggot asshole.

>>24395498
55k linky here
I hamstered it in my brain as me being a leet high iq investor who bought early because i'm smart.
My IQ is 140 tested, but desu I'm a complete brainlet and missed lots of obvious moon missions, haven't even read the whitepaper unironically.
I do understand memetics and how 4chan works

>>24395598
I do a mix of fundamentals, ta, and news. Most recent trade was selling everything and shorting 200 BTC when the USA fud came out and relonging in the mid 16s when the longs were fully cleared out and 16k held. My biggest win was longing the shitload out of 11.2k in October after seeing all the on chain data, the US dollar chart, and the bullish news coming out, and just stop buying when the first high was broken. Closed it with an average of low 17s. Also bought a fuckton of ripple recently when it made an inverse head and shoulders and I knew about the fork coming up. I literally have no strategy I just have a couple tactics I use and wing it as I go along.

>>24395498
honestly i really think about this a lot. i dont have a massive stack and do not want to risk it all. i could not recover from that.

i could play it conservative but it would take so long to get anywhere.

>>24395568
I feel worse as I get richer. Maybe its also because I know about how rigged the game is yet will probably never have enough money to make a difference. The most the jews will let us make from this is 50mm-100mm tops.

>>24395745
So TA in crypto works?

>>24395498
send me some money and I'll tell you 5 secrets to overcome rich guilt.

>>24395498
nice LARP, go to sleep wagie

>>24395806
I like to have a narrative to use along with TA that is backed up by solid real world metrics and media. But yes. Just manage risk so you have enough ammo for the next sure thing.

>>24395844
this.
>>24395849
if you've already made enough just stop trading and hold. you have a guaranteed 10M in future money if you just hold btc and eth.

>>24395498
your weaponised autism is producing value in the free market, the degen trading is the simplest manifestation.

>>24395628
I'm long right now (just a little bit net over my spot holdings) waiting for a couple of things to happen before I make a really super degenerate buy. Either an obvious long term consolidation at highs that breaks up, or retesting the 20 weekly EMA. There isnt much good news left besides maybe ETF approval but that isnt likely anyway. There will be loads of USA fud next year and you can probably get some really juicy shorts in when BTC is making new highs and everyone is in denial about the fud for a couple hours.

>>24395745
>shorting $4,000,000 of the most volatile currency known to man
God I hope one day you lose everything because you’re a degenerate gambler. kys

>>24395631
I was late to the party. I threw in 10k in late 2017, traded up to 40k by early january and then lost most of it over the course of the year. I did sort of shit in 2019 but managed to trade up my capital back to start taking risks in 2020. Maybe it's just experience and cutting losses earlier. Like, I lost 10k gambling on kucoin shitcoins in spring-summer 2018

>>24396013
It wasn't easy and I was freaking out until it started dumping. But my portfolio was worth about 2.7 mil up there so it wasnt a huge percentage extra beyond a hedge.

>>24395498
by thinking about e-thots making even more than /biz/nessman

>>24396149
E-thots are fucking degenerate though. I only want an emotional and spiritual connection with a woman who will become my soulmate forever.

I was looking at this girl's facebook I used to know from high school. I went back in time to early 2010s when I knew her, and traced her development from normal suburban teenage girl back then into an SJW shitlib through college and the trump years. It was pretty sad actually. She has a shitty intern job and probably makes 30k a year or some shit. I feel good about that I guess. She married this ugly half mexican looking guy.

op.. are just gambling... i feel like you are
hope it ends well for you but right now I think you're just on a lucky streak, no?

>>24395498
A lot of us did the right thing our whole lives, went to good schools, worked hard etc and then when we hit the real world, we got hit with the blackpilled reality that we no longer live in a merit based system, and that it's all about who you know and how rich your parents are. Whoever invented Bitcoin is literally doing a favor to every single intelligent person that's getting fucked over by the current post-industrial system we are living in right now.

Guilt is for pussies. Grow a pair bitch.

>>24396327
I mean I wait for the right chart setups and news. It's not pure gambling even though it's close.

>>24395498
Learn to control your emotions or you’re ngmi, nobody gives a fuck if you starve or not

>>24395498
Give back a little bit friend. You don’t even have to volunteer just take some money to food banks at the least.

>>24396374
>I am making more money than actual confident, intelligent, well adjusted people make in their lifetimes in one year

>>24396353
That's a good way to look at it. Thanks for the whitepill fren.

Also LINK is a good buy at these levels.

How much is your leverage? What is your news source?

>>24395498
Do you have some advice? I started flippin shitcoins with 1k usd in april of this year. Managed to flip up to 100k, but now i am stuck at ~25k for last three months. How I can up my game?

Wether you’re rich or not, Wether you make 100million or not you will live a bad life if you’re a soft, weak touch as a man, you’ll forever be a mark.

>>24396353
i hate how this post is directly speaking to me, why are you doing this anon, giving me hope
i got thrown into the real world and got fucked without any warning, then gf cheated, depression hit, then wanted to get better but covid hit
i feel like if i don't take advantage of the clown market i wont make it out of this ... yet i do nothing much
bros hold me

>>24396376
good points

You use leverage?

>>24396376
what did you start with?
why don't you cash out?
a million is a lot.

>>24396439
News source is a couple private groups im in mostly, and twitter.

Leverage? I don't know. I size based on risk. For the october trade I was willing to risk 10% of my portfolio on a 1% stop, so it was about 10x.

>>24396467
how do you find these shitcoins to flip

please bro im desperate spit some game to me

>>24396467
I'm not really a shitcoin flipper. I dabble sometimes if I get a tip, but I lost so much money gambling on shitcoins in 2018 that I avoid them now. The liquidity is also garbage and I like trades I can market dump in or out of if I need to with these amounts of money. Sorry anon but its not my game.

>>24396486
Yes

>>24396495
>what did you start with?
10k in november 2017
>why don't you cash out?
Still living at home with my parents and dont need to. I have a big chunk of my funds on legitimate banked exchanges in case the leveraged platforms go down, but that's it.
>a million is a lot.
Not really

>>24396480
>i got thrown into the real world and got fucked without any warning, then gf cheated, depression hit, then wanted to get better but covid hit
sorry to hear that anon. I think cheating should be illegal and punishable by death.

>>24396502
How do you think those private groups have affected your trades? Would you have such success without those?

When markets crashed this year I started to watch real people with real economics PhD providing analysis on the market, my initial strategy was to wait for the vix to start to decline and then long SPX500, but I keep seeing those enlightened fucktards say it would dump more, so I waited, and waited, and it didn't dumped, I lost most of the bull-run and fucked up trades with too much leverage later on. If I fallowed my initial strategy I would had a 3x profit safely by now. Right now I have taken back the money I lost, and it was with a bot that I made for bitcoin

>>24396677
>How do you think those private groups have affected your trades? Would you have such success without those?
I'd say most of the benefit from those groups is the twitter guys they put me onto, and some analysis they repost. I've found tons of twitter guys and sometimes there will be a piece of news or analysis that pans out. But the actual guys in paid groups that shill TA, or even traditional TA personalities like flood or crypto cobain or whatever? Fuck no. They only worked in December 2017 when literally everything you did would make money.

>>24395498
>How do you guys cope with the fact that you are doing something totally useless but getting hilariously rich?
by not being hillariously rich

>>24396677
>When markets crashed this year I started to watch real people with real economics PhD providing analysis on the market, my initial strategy was to wait for the vix to start to decline and then long SPX500, but I keep seeing those enlightened fucktards say it would dump more, so I waited, and waited, and it didn't dumped, I lost most of the bull-run and fucked up trades with too much leverage later on. If I fallowed my initial strategy I would had a 3x profit safely by now. Right now I have taken back the money I lost, and it was with a bot that I made for bitcoin
That sounds like a smart strategy. I don't do stocks that much but I try to follow the Fed for fundamentals. I would never follow the opinion of an expert unless it was backed by data. Willy Woo's analysis has been on point, but the guys calling moon or doom are useless unless they have inside info that is fresh.

>>24396434
link price eoy 2021 in your opinion?

>>24396754
Who you fallow at twitter?

I used to trust capriolle charles and willy woo analysis, then I realized they almost always were bullish, Willy woo fund bankrupted in the market crash, and capriolle looks like is only interest in selling his bot.

>>24396754

Any good twitter guys you can recommend? I've seen a few of these but I am not sure about them

>>24396677
I am also building a bitcoin bot right now. How is yours preforming? Any tips on which AI algorithms or technical indicators to use?

>>24396967
>>24396947
>falling for this larping shill
ngmi

>>24396917
Somewhere between 30 and 60 dollars if regulation isn't strong next year. Top will be 45-60.

>>24395498
>or some news
where do you look for these news? do you just follow a bunch of people on twitter with notifications for every time they post?

>>24396997
Who says I am not larping as well. Outlarped.

>>24396826
It was the fucking perfect strategy, it timed the bottom. I am feel really frustrated to have listened to those people, I got so frustrated the I can't even read people at twitter without ragging. I feel looking at news clouds my decisions, when I don't look I just trade based in patterns I see in data. How do you cope with your feelings when reading news and other peoples analysis?

>>24396947
The analysts have their flaws too. Willy woo is great in bull runs and can be pretty bad in bear times, but not always.

>>24396997
Just because you're a failure doesn't mean we all are, I've gone from 1mil to 2mil in the last 11 months, like OP mostly just from crypto, but also tqqq and tsla helped

>>24397019
>How do you cope with your feelings when reading news and other peoples analysis?
I'm vulnerable in that regard. I've just been lucky so far. I do try to adhere to risk management so if I'm totally wrong then I don't get ultra fucked.

>>24396997
I'm not shilling you anything except ways to make money. I could be totally wrong about LINK.

>>24396502
How did you get into these private groups?

>>24397071
Has anyone tipped you off on any up and comings projects that seem worthwhile?

>>24397074
Mostly by making good memes and making whales laugh in 2017-2018.

>>24395498
How much did you start with OP?

>>24395498
That's great, anon. I don't understand the concept of guilt, or why one would feel guilty about making money. You are taking risk and providing companies with capital to grow.

I don't feel guilt. I am sure there people who have never struggled, rich parents and silver crack pipes in their mouths...

And I'm also happy when other people succeed.

Pirate just hit a halvening. Thoughts on it? I know it is not really mainstream but is a privacy coin.

engineer here, we arent anything special. we went to school and specialized, thats it. all the cool technology was built on shoulders of giants etc. yea you cant be an engineer if you’re a brainlet but you dont get paid for being smart. i made more money with crypto than my first 3 years of engineer wageslaving. high risk comes with high rewards.

>>24397093
Nah. I get defi tips sometimes but big players got fucked in defi too. I'm not good at shitcoin gambling. I've gotten inside info that turned out to be legit 3 times but it was all in 2018-2019 and I was retarded back then so I didnt make any money off of it.

>>24397157
No clue what that is. Can I market buy 50k worth of it and not 3x it?

>>24397108
You are my hero.

>>24397169
What's the current shitcoin situation? How many more years of this DeFi phase do you see ahead of us?

>>24397209
If you are a good shitposter and funny or add something to their personal life then whales will throw you a bone.

>>24397233
I'm worried about the FATF travel rule regulation stuff killing it, could be fatal. I think thats why Defi has stalled out in the last couple weeks even as the old bluechip alts started mooning. There's no reason YFI shouldn't be back at 2 BTC right now

>>24397266
Where do you shitpost that whales visit?

>>24397198
not gonna lie. i dont know. looking at the exchanges it is spread over a number of dex's that are really nothing. over all daily volume is nearly 100k. at its current price if you bought 50k it would be worth nearly 6% of that days transactions. so if you could get that all on one dex i think it would push the value up but dont know if it 3x.

https://pirate.explorer.dexstats.info/

>>24395800
checked but this brings me sadness. Chainlink will make more gains than any other investment but the Jews hold so much already we can't really compete.

>>24397308
biz, discord groups, telegram groups

>>24397360
If we all pooled our winnings together at the end of the crypto run we could probably form a white ethnostate. The problem is everyone here hates each other and there is no unifying ideology except making money. We are basically Jews without the unifying ethnocentrism.

>>24397394
projected price for XRP 2021?

>>24397394
most never realize hatred only can get you so far. you have to love something to take the hits and keep moving forward. i do not love the sword for its sharpness, but only for what it protects.

that is what can unify, our futures and our families.

>>24395498
>will be richer than actual PhD engineers designing computer chips and advancin
The realization that intelligence isn't correlated to education. If PhD were so smart they'd be as rich as you. Dont feel sympathy for the stupid. Someone's got to clean up bathrooms and bring me food.

>>24395498
>79 replies
>Zero proof

Yeah I think we're back

>>24395498
Fucking pussy is crying about making too much money again. You're guilty of knowing how to use the internet. Anyone who's been on the internet for 10+ years is supposed to have at least 100K in crypto. You're fucking cringe for thinking it's anything special. It's free money, you clown.

>>24397482
Most PhD students I know are autistic shut-ins who would not be able to rise a single step in the real world. Pathetic, impractical but very smart people not suited for the hungry world outside which wants a piece of them.

>>24396353
>Whoever invented Bitcoin is literally doing a favor to every single intelligent person that's getting fucked over by the current post-industrial system we are living in right now.
Absolutely. Its like whoever it was lived the same life as everyone here or at least knew about these hidden downtrodden groups and gifted us Bitcoin.

>>24397394
yup we are Jews without a state and I honestly don't trust any of you because I know myself

What multiplier do you leverage with

>>24397482
>The realization that intelligence isn't correlated to education
It depends on what you mean by *intelligence*. There is pure raw genetic ability and there is actualized ability. There's useful outlets for intellectual ability and useless ones. I'm ~120 IQ at best but lucky enough to have found crypto. I know ultra smart math/physics people who can wrap their head around concepts I can barely understand, and can memorize and recall a wide variety of things I could maybe hold one of if I put all my focus onto it. But they're making 70k a year and I am fucking running it up.

Does every maths major have a shot at getting rich in markets if they apply themselves? I don't know.

Well Op, my plan is to make a lot of money and to start creating real things, I pursuing a PhD in physics and I have some ideas to make a better society by making a company, the ultimate goal is to help humanity to transition faster into a society of slave robots, where the only available work will be creative and intellectual, like in Athens, but with robot slaves, not humans slaves. I sort of have a step by step project to achieve that, it is a really long road, but if everything turnout perfectly I will live in an anarchist meritocratic society when I am old, I know it is just a crazy dream, but that is what makes me go on in this old dirty road of life. I know some people that work in blockchains and in the near-future I hope to find ways to tokenizing intellectual assets, like diplomas. If you can share you channels and twitters, or trading techniques it would be really help full.

I know what you feel, I felt the same way when we got in maniac phase in 2017, I used to make my month salary in a day, that was a really crazy felling, but made me feel bad that the things I was doing at research was underpaid. What I would tell you is search for something meaningful to do to society, something you really feel would help society, and pursue that thing as your main source of existence. Also read the tao te ching, it is really helpful to find your path in life. http://taoism.net/tao/tao-te-ching/

Everyone at work thinks I'm high IQ but I'm a brainlet when it comes to crypto. What do?

>>24397648
How do you not let your feelings get in the way of your crypto trading?

>>24397648
I believe so. I am a math major and all the economic bullshit around stocks and technical analysis is laughably easy for me. The degree unbelievably useless compared to Computer Science when it comes to real world every day job but I can look at something which has a mathematical basis and understand it with low to medium effort.

>>24397461
>I do not love the sword for its sharpness, but for what it protects.
Well said, anon. I hope that you'll make it

>>24397951
What are some good books to look at as a primer? What would someone read to pretend to be good at trading, using mathematical models?

>>24397792
With each new high I get a little number to emotions, and I manage risk more effectively to avoid really bad situations. Over time I've gone through the emotional cycles so much that I'm more able to manage them inherently as well. I was pretty fried about a week after the election, you do still have to take time off and that's key.

It's also easier when you have a huge account because the riskier hair-pulling shit like shitcoin trading becomes impossible to do in a meaningful way so you avoid those sources of stress.

>>24398028
Why would you want to pretend to be good at trading? To lose all your money?

>>24397982
Holy shit I love that game

>>24398149
I do too, anon. Even if I'm not the smartest of the bunch lmao

Sorry for my lack of shitcoin advice. I realize that alot of anons here hope to win through shitcoin gambling, but as a dumb money whale I don't really care about them. The only time I would buy shitcoins is if I had inside info or actually had done a deep dive and was sold on a narrative.

The best shitcoin traders I know would have really autistic narratives on a few coins for a few months or more at a time, they were in it for long and mid term plays for the most part. I don't know anyone who got rich holding more than like 3 or 4 major bags at once.

>>24395498
Give 10% to a good church.

>>24396669
This.

>>24398259
If I make actual serious amounts of money, I plan to donate most of it to freedom fighters like Ben Shapiro and Dennis Prager who are trying to educate the next generation with principled conservative values, and save Western Civilization.

>>24397982
TY friend. You too.

>>24398285
Based.

>>24398285
based

>>24395498
Proof?

>>24398741
Nice try fbi.

>>24398753

>>24395498
>than actual PhD engineers designing computer chips and advancing technology.
> I'll have made over 1mil this year
Call me when you made 40 million. That's the networth of a doctor and computer engineer.

>>24396410
>>24395498
If I cannot make my own token to scam with then I do not deserve to make it.
If there's idiots who can hack using flash loans everyday and I can't then I do not deserve to make it.
I bet I'd be too dumb to even manage to cash out without the government finding out. At that point I do not deserve to make it.

>>24395742
same; my stack isn't that big but it's 32k. Im actually a resident physician so I've tricked myself into thinking im smart enough to be a doctor so of course Im smart enough to have seen the genius in Chainlink before anyone else back in 2017. But the reality is i just blew student loans on LINK cuz the memes and got very lucky by being too braindead to ever sell and just kept holding for eternity

>>24398888
Checked.

>>24395498
there are worse people.

some are just born into a wealthy family and don't even have to game the system like you did. even gamblers do more to deserve their wealth in buying a lottery ticket than they do.

>>24395498
The best way is obviously by humble bragging and larping on /biz/.

>>24395498
At least you didn't make it designing rugpulls to steal crypto. The amount of suicides from each one will be in the hundreds when crypto moons

These threads are often made by paid staff at bitmex or FTX to get noobs to margin trade. You can get rich without gambling in crypto. Pick winners and wait.

>>24398888
>Call me when you made 40 million. That's the networth of a doctor and computer engineer.
is that stat from your ass?

>>24396013
Did you do 10x margin with that short? or 100x margin? kek

You're lucky OP but you're also doing something that 99% of normies couldn't do. And everyone on biz is already in the top 20%.
Don't sweat it.
PhDs are probably happy with their lives and will make a million or few over their lifetimes.
Start a real biz and do something constructive with your gains.

>>24399280
400k a year x 100 = 40 million

>>24399030
You can, but I am telling you that the easiest fucking money I have ever made has been margin trading. I lost money for 2 years doing it though, fair warning.

>>24399604
I don't know what level of margin it was. Maybe 4x.

No one serious actually cares about leverage level. But I would use anything up to about 50x.

It's survival of the fittest, and guess what, having some balls is at least equal to intelligence in getting you places. A genius phd who sits in a computer cave all day gets exactly the prize he is aiming for.

>>24399776
ANy websites you'd recommend me? i'm a poorfag, lost already 400 Bucks to Trading, but learned alot in this painfull process. I'm literally stuck with my last 50 bucks i can spare to trade and I want to get my 400 bucks back. lol

>>24399852
Websites in terms of guides and also where you get your news from etc...

>>24399888

>>24399852
With that money? Sorry fren. Do a ton of research on altcoins maybe. And get a job

>>24398285
>freedom fighters like (((Ben Shapiro))) and (((Dennis Prager))) who are trying to indoctrinate the next generation with unprincipled neocohen values, and save judaeoparasitism
Gas yourself, kike.

>>24395498
Do you have a Twitter or discord tag I can privately message you?

>>24398285
Holy fuck Prager University is so fucking unbased.

>>24396768

this desu

>>24398285

cringe & bluepilled

>>24399951
Prager is great though. His videos have stopped probably hundreds of thousands from radicalizing.

>>24395498
Said scientists will quit their job if they have that much money. So it's all good.

>>24395498
Well PhD engineers usually do it because they actually like tinkering and research. They don't do it for the money. Most researchers I know don't care about money at all, doesn't give them any sort of rush.

>>24398285
You obviously never heard of Owen Benjamin...faggot

OP just convinced a bunch of newfags iTT to go margin trading. kek

>>24400942
kek. I'll throw you a bone. Don't Margin till you have a strategy and a decent sized portfolio 100k+. THE HOUSE ALWAYS WINS

>>24395498
1. It’s not useless to make money in crypto. Who are you to question the outcome of the market as it relates to you so far? Just because you cannot see the fukk picture of how it is useful doesn’t mean it isn’t. Do you think your personal moral preferences would be a better way to measure economic value than the market? What are you a commie? Unless you inherited the money to start with I don’t see how you can think making $1m post tax is not deserved if you can do it.
2. Imagine all of the pitfalls in crypto. Exchange hacks, wallet hacks, rugpulls, barts, scamwicks, korea fud. Imagine you lost all your gains right now from one of those things. Would think back and be happy you felt guilty?

fuck em