/biz/ - Business & Finance

My bank is shit and doesn't even do e-deposits
What online one should I use

>>25570184
Why should I invest in stablecoins? Isn't the entire point of investing in coins that they aren't stable and go up and down in price?

>do not use goybase?
I use goybase, why are they bad?

>>25570833
Maybe you want to park some money in something stable? I dunno. Maybe it’s a second form of liquidity on the exchanges. I’m an idiot tho don’t take my word for it

My question is: what is the beat online wallet that i should use. Best interest rates, etc.

Also, how much of your total cash assets or net worth are in crypto?

any preference between trezor and ledger?

>>25570184
How much GRT for these milkers sir?

>>25570184
Does she poop?

both my parents just died and left me about 100k and a house. no fucking clue what to do. just lost my job. how can I best use that 100k?

>>25570833
Nobody invests in stablecoins long term. They're an intermediary for riding out the pumps and dumps.

>>25571145
Then why are people shilling new stablecoins here?

>>25571111
Lucky!

>>25570184
I must have these Khazar milkers. Bestow upon her many Saxon-Hebrew princes.

Hi, I want to be a millionaire, what should I buy?

No rug puller Ponzi bastards reply pls

>>25571191
She's Italian.

>>25571172
No clue. Maybe it's an attempt to bump this month's latest stablecoin's "legitimacy." Just stick to USDC.

>>25571097
No she uses a bag
I'm serious look it up

>>25571111
Is the house paid off? How old are you?
Use it to pay down huge chunks of any loans you have, then get rid of any credit card debt. Put 6 months worth of living expenses in the bank, throw the rest on BTC and ETH

>>25570833
>why invest in stablecoins?
The stability

>>25571367
house paid off, no loans or any debt, only 21 and no real skills. been a wagie for 3 years. idk about crypto but I'll look into it more. thank you.

>>25571111
Wow. Well this is a blessing in disguise, anon. Its painful now but you will understand the weight of this circumstance years from today. That is, if you play your cards right. Everyone can fuck up the blessings they've been given, understand that you are no different. That being said, BTC ETH, ADA, LCX is also looking promising. Do your own research before you start investing, but do yourself a favor and drop that whole 100k into your portfolio and immediately get to work finding yourself a 40-50 hr a week wage.

>earlier today i put some demo accountmoney(iq option) on bitcoin
>500% profit at end of day
why didnt i just put actual fucking money

>>25570833
Stablecoins exist because dealing with real USD is a regulatory pain for exchanges. You don't invest in them, just treat them as real USD.

>>25571087
Trezor is open source, and ledger recently proved that they are incompetent.

is trust wallet recommended? which one you guys recommend?
also
is binance recommended for a begginer?

>>25570184
Op include coinbase pro, it's more than acceptable

>>25571556
Makes sense. I've just been using USD on Kraken (Was using BNB on Binance before I got the boot). USD seems just as easy to use on Kraken? Maybe I don't know what I'm missing.

>>25571608
Why, when there are better alternatives. Coinbase is a scummy company.

>>25571329
>stoma
Hot. Just got to rinse it out a lil...

I'm willing to gamble everything I have, 1200$ savings, ready to live like a true bum in my eastern european shithole doing oddjobs here and there, for the long term game. Tell me what to buy and when to buy, this being the peak of this frenzy I assume I'll have to wait. any altcoins to buy now for some tiny quick gains or did i miss the boat on that too?
>>25571747
She got Crohn's

>>25571087
If these are the two only choices, Ledger.

>>25571111
90% into BTC, 10% into Monero.

>>25571191
she's not even B-tier anon

>>25571367
>pay down huge chunks of any loans you have
Reddit-tier advice. In age of negative interest rates and consumer loans below 5% yearly paying down your debt with cash is stupid as fuck.

>>25571503
thanks anon. things are rough but I'm trying to make the most of the cards I got dealt. even with btc mooning right now I should invest?

>>25571172
nigger not only are you a newfag but it also says nigger on the ceiling

>>25571868
1 ETH, rest into ltc/link

>>25571905
That's like asking if I should sell 1 dollar to make 15 dollars. BTC will always be profit. Get some BTC while you can afford it, you have the opportunity to do so.

I'm trying to buy bonded.finance on uniswap, it has a 300k volume on there but when I try to swap for ETH it says "PRICE IMPACT TOO HIGH" shows crazy price slippage like 20%+

>>25572033
Copy contract id from coingecko

>>25571959
no bully. This is a stupid questions thread.

>>25570184
Im trying to buy Parsiq via Uniswap with ethereum but i cant find it via the search function, what do?

How do stock options work. I understand the basic premise but i cant grasp how it can multiply your gains

Dork stocks will print going forward
Space $ BioTech
Fuck off Chad

!!!!!!SCIENCE!!!!!

>>25572007
Should I buy now or wait for how long?

>>25571905
Yes.

If you want to understand why read Nick Szabo and if you want to know when to sell follow RHODL Ratio. Simple as.

Is a Yubikey worth it? im currently using the v5 model for my password vault and accounts on exchanges locked up, but i want to expand it uses like using it as cold wallet. If there is a way to do it how would i go about changing it to do so?

>>25571868
Don't listen to that retard, stay away from LTC. It's a shitcoin which is only relevant because it's scummy founder (who sold everything in 2018 at ATH, btw) worked for goybase and got it listed there. It's a dead coin.

>>25571111 (quads: checked)
Keep in mind that $100k is only 2-5 years of wages as a shit tier wagie, don't go thinking you're going to stay not working on that. Consult a tax expert if you have not already on your inheritance and manage your expenses first. If you live frugally like I do, that $100k will last you a very long time.

Listen to the anon who recommended you save back 6 mo. of expenses before investing, and I would add to save back 1-2 years of property taxes and enough to cover the expenses of selling that property and moving if it becomes necessary. The real estate market is starting to take off, which can jack up your tax bill on a 1:1 basis if the local gov rushes an assessment of your property to cash in.

>>25572019
makes sense. thanks for the advice.
>>25572158
all of this is pretty new to me. my knowledge of crypto is pretty surface level, thanks.
>>25572223
im not planning on not working, I just want to be comfy and set myself up for the long term.

>>25570184
On those exchanges you cannot buy bitcoin, just btc

>>25571556
so trezor then?

>>25572311
yes

>>25572204
Dilate.

>>25572074
The value of your contract is based on the value of its position against the underlying asset and how another speculator or stock holder can utilize the contract to make money.

>>25570184
Doesnt ftx pay out in usd? Not crypto? So how are you holdingthe crypto as well

>>25572055
Do I need to wrap my ETH to WETH to have that liquidity?

>>25572572
Buy crypto with profits. Also, if your USD balance can go negative without any serious consequences, so if you believe that crypto will continue to rise, then it is better to keep a negative USD balance than it is to repay it with your crypto.

>>25572204
but when should I start buying?, or is it impossible to forecast the next big dip?

>>25571111
I'm sorry for your loss

How do you cash out crypto?

WTF do I do to make it? I have 100 LINK, I'm buying 100 LINK Friday, but I got priced out of everything else except ADA, and idk if I should buy that over AVAX. I unironically need at least 1 moon otherwise I can't buy enough of anything to make it.

>>25571556
Why use stablecoin instead of USD or EUR?

>>25572825
Nobody knows. A dip is imminent, but it may be from $50k back down to $30k.

>>25572915
use a stablecoin when you can't use usd/eur

What stock should I buy

18 years old and still in HS. I got the stimulus and with the money i saved up from waging for a few months I have 1.3k saved up. What do? I know jack shit about any of this so I'm starting from scratch.

>>25572984
Invest in things you believe in and are passionate about. That way if the stock goes down atleast you have the equity of your decision.

>>25570184
Why not Coinbase Pro tho? It works great for me for years. You suggest they will take my BTC the moment it moons and just give me the cash back with a "Thanks for playing" note?

>>25573266
I suggest that they're a shitty company and that there is no reason to use it over alternatives.

Someone run down uniswap for me

Why do I see 1000s of shitcoins shilled here but can't find the majority of them on binance

HOW in the fuck do I get to do my 100x leverage

How do I get from $15 to $150 and add more 0's?

How do I buy and hold Altcoins on an exchange that only has BTC USDC pairs?

>>25573133
Open a robinhood account and play around with it. The app is literally designed to get zoomers addicted. You even get a free stock iirc.
Just fuck around with penny options until you've doubled your cash.
Or if you're serious just keep working until you have 10k to play around with and invest it into boomer indexes.

>>25570184
So I work for myself delivering bread and not gonna lie, didn't save shit towards paying my taxes. Have zero, closest napkin math puts me at owing about 10k fed, no clue state though. What do I do? Can I get an extension and try to scrape up double this year? Am I safe from whistleblowers? I'm not cheating my taxes, just not paying them this year on time.

>>25573479
Should I bother with going to college or should I just wage til I have enough to actually fuck with investments?

>>25573479
https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/?sh=60cdb9c81638

>>25572838
thanks anon. hope you make it in 2021.

>>25573771
You too, keep strong

>>25573639
Like I said I know jack shit about a lot of this, including terminology. How did he fuck up, if he even did at all?

>>25571590
respond...

My uniswap WETH tx has been pending for a long time.. Is this normal or will it end up cancelling the swap?

>>25572918
Man, didn't sleep for 24 hours, just thinking and reading and thinking but this is now the hard part, placing the chips. I can only hope eth will drop to 700$ and hit 5k in the next cycle. Then I can cry and push further although the attention crypto got this year could be like the end or lead to new peaks.

>>25572915
taxes

>>25574045
Based, thanks.

>>25570942
Fees out the ass

What are some good ways of researching potential winner coins.

>>25573988
add gas

>>25574036
this is almost certainly not the top, just don't get left behind

so how do i get started on binance?
do i buy bitcoin, orr buy bnb and use it to buy bitcoin?

>>25573133
With 1.3k and at 18 years old you shouldn't be too worried about investing just yet. Put a portion of that away in something secure (can be crypto, can be mutual funds) and focus on learning SKILLS.
This will be the foundation for your financial future, and you need to have something valuable to offer in the marketplace. If you believe you will best learn those skills in college, go for it. Although if you need to ask, you're probably better off not going.

If you're genuinely interested in trading then spend as much time as possible learning on youtube, investopedia, and very occassionally here on biz.

Good luck bud.

Someone already posted this and it bears repeating:

How does one cash out?

Please don’t give me the usual “lol, cash out” “ngmi” “just trade it for something with a foreign person so their family can pay for small arms deals back home in buttfuckistan”

I understand I may have to pay taxes as a burger. For convenience sake I may just be willing to pay taxes for what’s easy. And no, I don’t plan on cashing out anytime soon but want to know in case any shit hits the fan in my life and I need money immediately

>>25574045
crypto to crypto is a taxable event depending on where you live though

>>25574324
Its on the max

can i just use kraken for altcoins? binance is taking days to verify my account and i'm starting to see a lot of bad reviews on their US site

>>25574603
as far i know the only taxes you pay are from the broker

>>25574650
are you using binance US?

>>25574481
Thanks for the advice man. Based on what you said I guess I am better off not going to college, although I might end up going to cc. What is the alternative?

>>25574742
yes. sent in my adv. verification stuff like 3 days ago and it's been stagnant since then.

>>25574810
by what i read binance us is absolutely garbage compared to binance

>>25574690
if you sell a crypto for another crypto, you have to keep track of the gains you make on that trade and pay taxes on it. exchanging crypto for a stablecoin is a taxable event
this goes for americans and some euro countries as far as i know, read up on taxes in whatever country you are in

>>25573399
anything at all can be listed on uniswap, because it is a decentralised exchange. most are complete scams.
>HOW in the fuck do I get to do my 100x leverage
on uniswap? you can't. you can on FTX, which I recommend over any other site which may also offer 100x. https://ftx.com/#a=fornewfrens
if you're american, you'll need a vpn. you can't trade with leverage anywhere if you're american as far as I know

>>25574554
>>25572868
the same way you cash in? I don't understand your question.

>>25574880
yeah i'm reading that to.. well being in the US it bitches at me for trying to use binance.com. So should I use Kraken for altcoins? Or is there something more worth

>>25574922
bitcoin is unregulated in my country, i thought this meant no taxes

>>25574996
yeah i am new so i cant help you...
i was considering coinbase but anons here are bitching at that so iam going binance which is impossible for you
since you want altcoins coinbase probably isnt a good choice i think
cant you just use a vpn to use normal binance?

>>25570184
Would it be wise to purchase Ethereum from Robinhood? Or should I go for kraken? New to this crypto stuff.

>>25575223
Seeing as you can't withdraw your coins off robinhood, stick to kraken.

>>25576009
I see, thank you anon.

>>25570184
What's wrong with coinbase?

gold or btc?

>>25574922
Know where I can find this info? I'm not US

How come xrp didn't reach 2kEOY?

Do I buy Bitcoin now or wait until after the 15th?

>>25570184
Who is this fine young man?

>>25576886

>>25570184
Just getting back into this shit. I live in Washinton and I have some BNB that I would like to continue to HODL. I can't make a Binance.us account because WA is retarded, is there another exchange or wallet you guys would recommend? Or do I have to just convert this shit to BTC?

>>25570184
Isn't she that pretty girl from Target?

>>25570184
Ugg, I’ve lost my 2FA since 2017 when I got a new phone. Is there a way to get it back or will I have to send my passport to all my old exchanges?

What's your BTC and ETH target? I have both but have no idea when I'll sell. I'm already staking 35% of my ETH.

>>25571295
Lots of Italians have kike in them because Romans massacred all the men

I have a small business I started last year and I was putting money in silver but I just sold what I've been stacking and I have $5000. Should I just move it to a spread of index funds, or should I do that but with altcoins instead? Or just 50/50 that idea? I have option paralysis. I plan to save a minimum of $300/wk and an average of $500/wk this entire year, and will continue to stack those assets. My goal is to save for a house or at least a decent chunk of a down payment on a house

I have $4k in credit card debt, and that's my only debt. Car paid, no student loans.

I put $3k into BTC last year and have $11k now. It's my only immediately liquid asset.

With $900 per month of disposable income from my job, should I plow the credit card debt? Should I knock it out with my BTC and build it back up every paycheck? Or what? The idea of dragging the card out and getting more interest tacked on makes me hesitant to split between BTC and CC payment.

What do?

>>25576886
Bitcoin is crashing down to $10k soon, why would you buy at the peak?