/biz/ - Business & Finance

Can I sell shit on /biz/?

I have invested 50k into XRP, when do I "Make it"

Is it too late to buy ETH

>>25752389
shill and FUD, simple as
>>25752446
You made a mistake fren, XRP is a centralized shitcoin shilled by bagholding schizos (they became schizo as a result of the bagholding)
>>25752455
check out the ETHBTC chart and decide for yourself. I personally wouldn't touch ETH here, or really ever as long as the scaling and development issues persist. Scoping out ETH killers is a better bet right now IMO, since the gas fee issue is just going to get worse.

here's a good one for newfags: rule #1

>>25752360
how to become rich??????

Buy and hold

>>25753646
#1 don't lose money
#2 make money
#3 make money make money
#4 consult #1
#5 probably lose money anyway
#6 don't suicide
#7 try again but this time don't fuck everything up, FOR REAL, #1 IS #1 FOR A REASON

>>25752360
Should I buy ALGO? Or should I go for more ADA and LINK?

>>25754241
ALGO is good, I'm looking at scooping some soon. ADA is another good one, LINK will prob have another run but not to the same extent.

>>25754241
algo is the best PoS coin ever. its not nearly as good as eth but it has real world potential instead of defi shitscams

I'm new to this, dropping 1,000 into ETH 60% and ADA 40%, ignoring it and rechecking it at the end of the year. How disappointed will I be, /biz/?

>>25752360
Literally first time here and I am interested in crypto, what are the best ones to buy right now?

I bought $100K worth of LINK at $19
is my life over?

how to filter out all crypto threads?

i have a bunch of money in savings, family suggested to put $7k in a roth ira

i want to put it into crypto

is this retarded? how should i do it. im okay with just putting it in a coin and then holding for ever

>>25754943
General consensus on top shilled coins besides the typical BTC, ETH, LINK (top shilled does not indicate the best) is LTC, ADA and XLM. These also just so happen to be what I'm heavily weighted on. Gotta ask questions and form an investment thesis before going ape into something, otherwise those 20-30% corrections will make you panic sell.

>>25752360
>How is taxation for staking handled?

>Since Exchanges require IDs im at risk of id-theft if the exchange is hacked. How do i make sure i protect myself besides using a ledger hardware wallet and using two factor authentication?

>>25755036
also, how do people store their crypto? is there a wallet that can store different kinds of coins or do people have a different wallet for every different kind of crypto?

any /biz/lit or resources anon would suggest for further researching/understanding crypto and the market surrounding it?

>>25754927
You'll be just Barely dissapointed. Still gains.

>>25755062
Thanks, so by "top shilled" do you mean the ones most embraced by normies?

What crypto websites should I use. I’m using coinbase cause newfag but I’m seeing a lot of people sayings it’s going to cuck me and in a sense it already has because I’m blocked from buying

Since all this green cant last forever what to swap to when things go down? cash out? rather not have the bank know i have btc and other coins.
Should i sell everything for tether?

Good evening frens, yuropoor here. What is the best wallet for an absolute retarded ass gorilla nigger like me?

I don't wanna hold my coins on an exchange and it's only a small % of my portfolio since I mostly do stocks, so I don't think I want a Ledger either.

>coinbase
I am not receiving any sms from them to complete the sign up process
>kraken
put an address that I don't have a bill in my name and I can't backtrack the identification process so I am in costumer support hell for more than a day
>binance PC
motherfucker glitches and won't change the selected coin from btc while having problems with Visa/Mastercard and also blocking bank deposits untill Monday for some reason
>binance ios
piece of shit glitchy app that constantly refreshes the page were i am trying to enter my card details (the web/PC version didn't reach this point though)

It is currently almost 2am and I want to invest in rope

>>25755175
>How is taxation for staking handled?
It will depend on jurisdiction but I would not be surprised if it were taxed closest to ordinary investment income.

>Since Exchanges require IDs im at risk of id-theft if the exchange is hacked. How do i make sure i protect myself besides using a ledger hardware wallet and using two factor authentication?
are you afraid of identity theft, meaning your personal data, or the theft of your crypto? Ultimately there is no practical way around having your personal data leaked if it's on the exchange and it gets hacked. Of course there is less risk the fewer exchanges you sign up on.
With regards to theft of crypto it's good to follow best practice and set things up so that even if your computer or network is compromised you won't lose much.

Lastly there is one more significant risk, the risk of loss through user. Lots of people have fucked up and irretrievably lost fortunes. If I had to give a tip regarding that would be make sure you understand how bitcoin (or whatever crypto you have) works. Not that you need to understand the code or whatever but when I see people fuck up and read their shit, more than 80% of the time even in a post about how they fucked up and lost their bitcoin, they betray a lack of knowledge of very basic things about bitcoin, despite having shitloads of money in it.

>>25752360
How to make money from fuck prostitute?

How many XRP for a girl like this?

/b/ 2007 oldfag.
/biz/ newfag.

Thanks for making the thread OP

Is cuckbase a load of shit which will con me out of my money?
Any good alternatives to it?
Is it FOMO to get into ETH now? I thought ETH was low key but KSI has been tweeting about it.

Where should I start? I work min wage but have 5k saved up

>>25753646
This is actually the way >>25754122

To never lose money never risk more than 5% of your entire worth on anything. Do most trades with 1-2% risk, if you really feel it will pay off 5%. Never fall for YOLO and FOMO.

This can’t really apply to crypto though desu. I’m a newfag with crypto

>Thread for newfags to be baited
Thanks for announcing yourselves I guess

>>25756667
Signup sms for most services seems to be fucked for the last 2 days or so
Binance iOS werks for me
They always don't allow fiat deposists over the weekend for whatever reason
You could still try more exchanges, and I think Metamask allows you to buy ETH directly through Apple Pay

>>25756743
>Rule #1
That's a man
Your coom brain is clouding your financial decisions. NGMI

>>25752360
We need more of these threads fren. Thank you.
I feel like we should atleast SOMETIMES act like we have a brain and not only communicate in brainletlanguage and memes

>>25756743
>XRP
cringe

>>25756898
Too small of capital to make huge gains this bullrun, even if you invested all your capital which you should not.
Invest in a cheap coin that may not even moon until 2-3 years from now, I would do 2k for now if I were you.

If you are not satisfied with that answer and are trying to FOMO this bullrun, then I suggest looking more expensive, mature alts that could potentially moon this bullrun.

>>25756898
Read 3 hours of crypto shit and watch 3 hours of youtube videos and then remind yourself that other than some bitcoin shit, you just read/watched 100% lies. Then consider again whether you even want to start.

any hot girls here wanna fuck

>>25755036
>>25755188
good questions, bumping for an answer

What is the best crypto to buy right now?

Ok so basically idk if I should buy anything now or should I wait for dumps

>>25754990
It only begins now
LINK 1k eoy
LTC 1k eoy
ETH 5k eoy
BTC 99.9k eoy

anyone see or hear about 0x1 finance yet? found this in a random discord. Not sure what to make of it.

>>25757504
bitcoin stock

>>25757753
bitcoin stock is finna be doin some

>>25756898
I just started a few days ago with $500 into BTC and $1k into ETH. That $1500 has turned into 1840 after 5 days.

I plan on putting more into ETH after it dips, and the rest into some other alt coins for when BTC corrects. However, keep in mind I am in good financial health, I am in no debt, young, high IQ, big cock, and essentially have my life together. Do not invest money that you will NEED in the next year because you think you can make a quick buck. This shit could all come crashing down literally any fucking day now. Long term it's going to 100k+, but short term you could become one of many burnt out losers.

Can I take my gains from a shit coin and put it into BTC and rinse and repeat or will I be fucked on my taxes for doing this?

If bitcoin goes up does the value of the money I withdraw go up as well?

>>25755036
Split it up. I'd go heavier on the crypto side at current point in market but that's up to you, something like 75% / 25% would be good. M1 finance is good for Roth IRA portfolio construction, no fees and automates a lot of the grunt work. I'll drop a link to a basic portfolio I built, I use it for my roth (tech stocks, no TSLA). https://m1.finance/hyLohbfBxM2R

>>25755188
I have used Celsius network for any coins they support because they pay good rates on deposits. Their assets under management has gone up 10x or more in the past two years and so far no security breaches (that's the risk). Exodus wallet is a good multi coin wallet too but don't download the scam versions of it inside the play store lmao, get the official version by Exodus Movement, Inc. Both run risk of potentially being hacked albeit low considering their frontend security implementations (main risk is their handling in backend). If you want really hardcore security and plan on holding for years, look into getting a ledger or trezor hardware wallet.

When you send coins, always set up the target address in a whitelist. Your first transaction should be small and serve as a test to verify the whitelisted address. If the fee is too large compared to amount your sending, just read each character one by one in the whole address and verify it manually. If it goes through successfully, boom your transactions from now on with that whitelisted address are as simple as choosing it from a list, and you no longer run the risk of getting clipboard hacked or fat fingering.

>>25757866
>you could become one of many burnt out losers
oh sweet summer child newfag

>>25756743
That's a man

>>25755062
>ltc
>newfag general
you should be asking questions in these threads too, newfag.

>>25755036
Just buy btc and never sell

>>25755036
Take a picture of your hand

When anons claim a coin will X10 or x100, what is the basis of their claim and how can I verify it?

>>25758355
when is this shit going to dip, fuck buying an ath

>>25758160
IRS regulation on crypto is not well defined. They define some crypto as "property" and other as "securities". You will often hear tax FUD that the IRS wants to tax every crypto to crypto transaction. This might even be the case according to their poorly defined categorizations, but it makes fuck all sense as you could literally owe taxes on net negative annual income, which is impossible in any other category of property or security transfer. All in all, just treat it like trading anything else - make/lose your money for the year, report income just like it were stock, forex, bonds etc. Don't over-complicate it.

>>25758304
see you at 0.016 LTC/BTC faggot

>>25755961
MEW for ERC20 aka ETH based tokens

>>25756667
Gemini

I don't know shit about how stocks or investing works but i want to get into it where do i learn?

>>25758228
I don't give a fuck about short term losses, I know that crypto has nowhere to go but up unless absolute cataclysm occurs

>>25758391
Do your research and become as familiar with crypto and the technology surrounding it, and most importantly, its purpose. You are investing into it, after all. I personally believe it is still possible to make x100 gains with these up and coming technologies. However you need to be okay with essentially "throwing away" $1k+ into shit and not seeing meaningful gains for months if not years.

ONLY INVEST IN CRYTO WHAT YOU ARE WILLING TO LOSE.
AS SOON AS YOU BUY A COIN CONSIDER THE MONEY GONE.
OPERATING THIS WAY WILL PREVENT YOU FROM PANIC SELLING

>>25752796
>FUD
?

>>25752360
thanks for the thread op

Does anyone perhaps have an updated /biz/ reading list? Would be appreciate

>>25758743
this
you can DCA for the price of takeout every week and still make it
just be patient

>>25752360
help me pls bros
i have a lot of ETH on etherdelta. withdrew it from the etherdelta smart contract into my eth wallet on the site, but how do i actually withdraw it off the site onto another exchange where i want it?

>>25753486
So I should do everything /biz/ says. Thx faggot

>>25758975

>>25758284
>>25756989
>That's a man
Sauce pls, I got an erection, she is so cute I want to see her penis

>>25758690
>>25758743
based, buying something is guaranteed to lose you money unless you can elucidate why it will hold greater value in the future, instead of less. Price moves, especially in fucking crypto, cause emotional reactions - you will sell too early and cut gains, or sell in a market tantrum at a fat loss, if you are incapable of staying disciplined and following the rationale of your investment thesis to its end.

>>25758639
Investopedia is a good resource for terminology. Learn the basics of:
money management - risk control, scaling positions, adjustment for market dynamics
market dynamics: supply/resistance, multi-timeframe analysis, chart patterns (basic ones, flags triangles etc.), macro environment, volume profile, fibonacci retracements

Also find some professional traders who, well, actually trade for a living and aren't faggot grifters. I have followed Mannarino and Francis Hunt for years now, they are top notch at their game and have saved my ass many times with their free analysis. Mannarino presents more of a big picture market dynamic, Hunt is more focused on technicals.

>>25758975
congrats, you understand the first layer of irony.

>>25759159
> following the rationale of your investment thesis to its end
I would like to add to this that your investment thesis should CONSTANTLY UPDATE given current information. Not panic. Not fear. Information. Analysis. Reasoning. Has something changed that fundamentally contradicts your original thesis? What proves that to be the case? Only experience and analysis of past market structures can guide you in this regard as to when "it has changed". Starting out, you have no experience - hence why you need professional traders for guidance, to show you how to think through new information and integrate it into a proper thesis/outlook.

Also I suggest The Market Wizards book, guy interviews some of the most successful traders of all time. They will all describe a similar approach that led to their success - it involves proper money management and risk control - master this. Wish I knew about this book sooner in my trading journey.

Can I get book recommendations about crypto? Thanks.

>>25752360
is biance a good site to buy btc and eth? also is there a way to withdraw money anonymously from an atm?

So my country is dependent on imports for oil. When the Dollar collapses, what can I expect? Is there any reading material about this?

>>25752360
should I dump my 1.5k linkies and put them in eth instead

>>25760236
Assuming constant crude s/d and still having to use the dollar to purchase it (persistence of petrodollar), dollar down crude up. Crude hasn't reacted too strongly to the weakening dollar because there is still dampened demand from economic lockdown. If there becomes a general trend toward renewable/alternative energy sources, this could also keep demand down. A large-scale war in the middle east would do just the opposite, demand would spike in anticipation of supply chain disruption. Another potential demand spike is if fracking is banned or severe carbon tax is implemented in the US. It really depends on the geopolitical situation going forward and how it unfolds. I would expect a tendency for the US to look for a war in the middle east if the DXY starts getting below the 70 handle, as spiking oil demand would simultaneously help support demand for the dollar.

>>25760148
I use coinbase USDC via ACH -> binance for my on-ramp. Might cost me $1 in fees for whatever amount I send over, vs $15 or more by buying crypto with in-bank fiat directly on any exchange. I've never used a crypto ATM, if there were one that supported XMR withdrawal and you hid your face and everything from security cameras, maybe... but I doubt it. Better option if you are trying to avoid taxation, find a country with 0% capital gains and figure out how to setup shop there legally. Talk to a lawyer or accountant if you have enough to cash out to make it worthwhile, otherwise I would probably just borrow against the crypto and pay no tax.

So I signed up on CoinMetro and made my first purchase of Crypto. There are a lot of coins that I see getting pushed around here and a lot aren’t available.

Currently, I have my made my first total new fag purchases of XRP, XLM, LINK, and a bit of BTC.

I wanna get shit like BAO and have more crypto to choose from. Where do I go for this, I’ve heard about Kraken, but even they’re missing a lot of stuff.
>t. UKfag

>>25752360
I really want to get into bitcoin but I keep hearing people saying crazy high prices like 50k, 100k, 1mil etc and i am just not seeing it. How do I buy these more expensive coins? Do I have to use a specific exchange?

>>25752360
why are gas prices so high, fucking nigger shit fees
where do I buy eth beside simplex, metamask???

>>25760749
Most of the shit here outside of top 50 are unironic scams. Huge gains get posted because there's no liquidity on whatever exchange they are on. Last year in the defi wave, the latest and greatest scam was creating a coin with intentionally low supply and low liquidity, shill it everywhere, watch it pump 30x then remove all liquidity (all of the shitcoin + ETH, which is what they really wanted). Boom, price collapses from up 30x to zero instantly, and there's no longer a market to even trade it on. They then turn around and run the stolen ETH through a mixer to make it untraceable. Use that ETH to initiate liquidity on the next scam, repeat. Perhaps the greatest of all liquidity scams was picrel.

My take: yeah, you can make quick money doing it if you get in and get out quick (only works with small money, too). You can just as easily get rugpulled and essentially have been robbed of whatever you put in. Some people had success with it (generally, oldfags), most just lost everything (generally, newfags).

With that being said, there are huge opportunity coins out there that aren't scams, but they are buried under piles, and piles, and PILES of shit. Even if you find the little non-scam starter, it is still massively risky, so don't ape. If you really want to go down this path: figure out how to use uniswap. With ETH fees being as high as they are, it probably isn't even worth it at this point (probably why all the scammers packed bags and left, too). You have been warned.

>>25761150
ETH is getting more expensive and more people are entering the network, and still sucks as scaling. Thus it costs more ETH per transaction, and each ETH costs more too. Welcome to crypto hell.
t. lost over $1k in gas fees last year

>>25760731
>I use coinbase USDC via ACH -> binance for my on-ramp.
Sorry I dont fully understand this part. So you use coinbase for USDC and send your fiat with ACH to your bank but what do you mean by your on-ramp? Thanks.

>>25761489
That's how I move money from fiat (in a bank) into the crypto market with lowest fees and high liquidity (binance). Off ramp is same thing in reverse. Takes a single day for cash to showup in a bank account when withdrawing USDC from coinbase.

>>25761626
Thanks and one more quick question. Do crypto trends usually mirror stonk trends? Will the crypto value be corrected about the same time when the stonk values are corrected?

>>25762069
In periods of generalized deflation, yes. This typically occurs when extreme volatility and panic hits the stock market. For example, March 2020. December 2018. September 2020. Just about every single asset class dropped in tandem. Banks, hedge funds, etc. are forced to close their leveraged long positions at a loss which requires cash. If they close at a sufficiently large loss, their cash reserves will be below their required reserve ratio - thus, they will be forced to close their non-leveraged positions to raise more liquidity to cover reserves. It causes a sort of cascade effect if there is sufficient volatility, and all assets get dragged down in a rush for cash to cover leveraged longs and maintain reserves (aka, prevent risking bankruptcy).

Crypto can correct independent of the stock market. As to whether it does or not, that just depends on the VIX.

I’m looking to increase my RSR stack and switched over from Uniswap because the gas fees were fucking my swaps.

But I’m worried about having my account frozen being that I’m using a VPN to bypass the US restrictions.

Will buying coins using USD/USDC flag my account? I’m guessing I can’t use my bank account at all on the site and have to transfer coins from a wallet. Also it wants me to secure the account using google or a cellphone. Like my bank account, i assume it’s in my best interest to avoid linking my cellphone. Does the same go with Google?

These may be stupid questions but I’m trying to make it and don’t wanna risk missing out being a trillionaire.

>>25758814
Fear, uncertainty, doubt

>>25753486
So buy XRP

>>25758743
unironically best advice you could get

>>25758217
thanks anon

>>25762369
using USD/USDC shouldn't hurt, over 50% of global transactions are in dollars. I would move coins from a separate wallet instead of bank link though yes. Linking via cellphone, they can tell what area that number is for, although it doesn't necessarily mean you are a US resident even if you are using a number based in the US. Google, they probably don't get your location/area, just use your account for authorization purposes. I've never used a VPN to get around US block before so I don't know the best way to go about that, but I'll probably wind up figuring it out myself here soon. Binance.us is literally just an outdated version of binance.

http://twitch.tv/cowo

>>25762417
ty

>>25752360
i dropped $7k into bitcoin at 41k and i am considering suicide

>>25760976
Use tradingview or coinmarketcap for the prices or coins.
Nobody knows what will be the final price of bitcoin, or any crypto for that matter.
You can buy fraction of a coin, one bitcoin is around 40k right now so most people don't buy one whole anyway.
As for exchanges, if you are in NA or EU you can use Kraken, Coinbase, Binance, which are the most trusted and the biggest.

>>25762595
>>25762369

thank you friend

i know binance is the more popular option here, but i wasnt able to get enough info on experiences with binance.us so i went with huobi.

i haven’t made any purchase yet though so i’m open to changing it up. are you strong in favoring binance.us over huobi?

>>25760976
Also I wouldn't advise buying now, the top is between 50k to 80k for bitcoin, this I won't tell how I know.

>>25762682
>he fell for the crypto scam

>>25762682
Sell at 45k and don't look back. I assume this was a large percentage of your money.

>>25762789
I've never used huobi so I cannot speak to that personally. Binance.us fucking sucks compared to the non-US version.

I’m invested like $2k into btc, $3k into eth, $200 ltc, $1k into algo, $1k in xlm.
On top of that I have about $3k in precious metal miners, $3k in semiconductor producers, $1k in Nokia, and $1k in AMD.

Thoughts? I feel like I should buy some spce, wkhs, and ride. Maybe hold $2k in something liquid waiting to see if btc or eth dips. I also see a lot of fud about eth. Not sure if I should sell it and buy into btc if it dips.

>>25753646
ape into shitcoins 100%

How do y'all feel about LTO, SENT and XED?

>>25762682
welcome to the club fren, you're here forever

Not sure if this is the place to ask this as most conversation seems to be about investments.

I recently inherited a 2011 Chevy express 2500 cargo van and live in a college/city of ~200k people. I'm a strong guy and the idea is to make some money on the side by moving things for people for a low fee, as people are always moving in and out of college towns.I know that to do it legitimately I will need to get the vehicle registered with the DOT and have a business license etc. I was looking to do this "under the table". The idea was to post an ad in some facebook groups offering moving services around the town for a low fee and money for gas. Business would be conducted in cash/cashapp/venmo/paypal etc. It's not illegal to move a friends things for them and to accept money for cash and things, I think I can circumvent business laws and things.

Another pitfall might be that moving things for people carries the risk that it will be damaged or that they might claim it was damaged even if it wasn't actually. I was thinking of drafting a liability waiver although I know it wouldn't hold up in court. Perhaps it is enough to convince clueless college kids.

Thoughts and responses are greatly appreciated thank you for taking the time to read.

>>25762878
You’ve given me much food for thought

Thank you for the help

>>25752446
Never, get out of that shitcoin while you can.

>>25762997
More than likely a college kid isn't going to try and sue you for some damaged shit because the shit they have isn't worth the time and money to get an attorney and go to court. Even if you did damage something you can offer some sort of payout option to keep them from bitching and trying to destroy your reputation. You could definitely do it for cash. I suggest finding a partner because some things really need two people to move effectively.

>>25752455
Absolutely not, you might not see a 100x from here, but it’s a sure shot.

>>25763174
That's a good point! I have a couple roommates that I will meet when I move up there in a couple days (got out of military now going to college older lol). If one of them is down for it I bet I could certainly get his help

>>25762997
>>25763174
mostly this
don't worry about any formal business shit.
you are just helping a friend move

probably not that profitable of a business because college kids are always broke
usually you're lucky to get paid in beer and pizza

>>25755036
But BTC, don’t sell it.

Literally that simple.
When the day comes that you can sell it for big gains, you won’t have to.

>>25754943
Monero. Look into it, read some of the headlines around it in the last year.

IYKYK

>>25752360
Is it too late to buy that chainlink thing? Its 100x since Sept 2017.

>>25763276
Yeah I wasn't looking to make big bux, just something that could net me a few hundred a month maybe in my spare time. The chevy express 2500 van can certainly fit a lot more in it than a car can but it still can't compete with renting a Uhaul truck for cargo capacity.
>>25762920
you saved the thumbnail lol

>>25763333
>yes
buy RLC now

>>25757504
>>25757595
If you don’t know shit about shit just buy regular ass Bitcoin and educate yourself.

>>25763336
could consider contacting nearby rental agencies and trying to scoop up them security deposits when people don't clean the apartment or to go in and paint them. Business prob don't come around but once a semester is the problem but it would bring in more work. Charge $200 per room plus material if repaint with same color (one coat), $300 per room on color change (2 coat).

>>25755188
I have many wallets for multiple coins and it’s different for each.
Don’t keep your eggs in one basket, split it up between multiple online and offline wallets, keep some dry powder on exchange to buy flash crashes or if you have to sell some crypto for some reason.

And remember- NOT YOUR KEYS, NOT YOUR CRYPTO. YOU are your own bank in this shit.

>>25763336
if you are serious about it, you could see if you could find a trailer for it.
all of a sudden you have something about as good as a uhaul van

>>25763152
>>25763202
>>25763284
>>25763331
>>25763468
>>25763650
(You)
absolutely based

Is depositing into crypto every month a decent way to build capital like with stocks? Or do I dump a fuck ton of money into crypto at once? Looking for long term gains I can't handle checking the price every minute

>>25757866
Thanks for revealing your cock size to this Israeli intelligence forum

>>25763537
funny enough I actually have an old friend from the military that now owns and rents something like ~40 duplexes in the city. I'll get in touch with him once I am settled and see if he has any opinions on that.

I suppose for gear needed to start I will need to get a moving dolly, moving blankets/pads which I already have, moving tape, and plastic wrap. I can build a sturdy enough ramp out of a sheet of plywood and some 2x4s that I already have

Putting all my life savings (~$20k) into BTC $3k a day (debit card limit) without caring about dips and highs. Do I have a chance or am I too late to the party?
Anyways, I have been planning to get into BTC to have FULL CONTROL over my finances without any 3rd party for years. If I wasn't lazy I would have started accumulating a year ago. So even if bitcoin falls down I will keep holding. I will also start putting $5-10k to XMR, but I am rushing BTC now to not miss the train.
Based or cringe?

>>25763965
good gameplan, if he rents to non-students it could give you business throughout semester too

>>25764103
absolutely based

>>25764103
just don't panic and ride for 8 years.

>>25754122
Print this one out, anons who are hoping to make it. 100% truth.

>>25764195
OwO

>>25764214
I won't. Unless my mommy and daddy dies and there is no one else to feed me, there is no reason for me to panic sell.

>>25752360
HI CAN UNION PROTOCOL (UNN) REALLY 50X LIKE THEY SAY?

I just started to test the waters with crypto, I haven't made much gains but at least I could double what I invested, my only doubt now is, how do I cash out/withdrawal this to my bank account? I'm currently using mainly coinbase and there's no option other than send crypto to other people, I also bought some doge on Binance and there it seems like you can actually withdrawal your funds to a bank account but I couldn't pass the verification process after several times.
Is the only option to sell your bitcoin to some particular that pays under the market cap in a website like localbitcoin? Pls halp, I'm on mexico, don't know if that makes difference

When will btc next dump

>>25764186
One more question guys: My main draw for college students and people needing their shit moved is that I already own a paid-off vehicle that takes much less gas, I don't need to pay any employees, etc etc. Basically, I can afford to undercut any competition except maybe for 2 over-the-border guys in a beat up silverado who don't speak English and don't mind busting their asses for cheap lol. I've never in my life hired a moving company to move for me; what would you expect to pay in cash for a small operation like what I've described? I'm thinking charging a simple hourly rate is best.

>>25763650
You know this dude knows shit. In finance/investments dry powder is a niche term.

Might be a stupid question, but do you guys pay taxes on crypto? if not, how do you guys avoid them?

>>25764702
also would like to know this. havent been trading crypto until this year

>>25764659
Not sure really I've also handled all moving myself. Think about what you would want to earn per hour, then add premium to cover the fuel cost etc. that you mentioned earlier. I do a lot of painting so I'll go off that. If I were repainting apartments I would price by room and shoot for $30/hr minimum, more like $40/hr+. So that's what I would target since it's also manual labor that people generally don't enjoy.

>>25764529
on coinbase you have to sell into fiat before trying to withdraw to bank. I would suggest selling your crypto on binance for USDC, move the USDC to coinbase, sell for USD and withdraw. Coinbase also places a hold on recently deposited funds until the ACH fully clears.

should I use acorns or M1Finance for saving money? I was thinking of just putting money into my savings for the time being but I'm also open to other, maybe smarter, options.

Wtf do I do if it some gigantic crash seems to be imminent? It take several hours to cash out. How do I dump my bags in a real hurry if I need to?

I seriously doubt this will happen, just wondering what your guys' plan is if you have just a few minutes to dump, cuz of some court decision or announcement about a quantum computer or something.

>>25764702
>>25764894
yes unless your accounts fall under a jurisdiction with no capital gains tax, i.e. the bahamas, puerto rico. Any withdrawal into fiat is recorded, and amounts above $10k are reported to the IRS for suspicious activity.

>>25765027
HODL or leave on exchange with a limit sell order (if you also are willing to run the security risk of leaving on exchange, which is pretty small for the big ones at this point). If super FUD comes out that would cause a crash, it will occur before you can react.

>>25765000
For just stacking cash, investing, or degenerate trading?

>>25764986
That's what it seems people on craigslist are charging for an hourly rate, I've seen 33 on low end and up to 60 hourly for single man jobs. If I have a roommate helping too I can multiply rate by ~90% for discount and give him a cut of whatever he tolerates, probably ~40% since it is my truck and there is no shortage of guys looking to make a few bucks here and there on the side if they don't take that.

What risk with the law do you think I run with operating this business? Posts to craigslist are anonymous enough until I need to give them a way to contact me. If I am stopped by DOT for whatever reason saying that we are helping a friend is easy enough. I am moreso concerned with getting in trouble for operating a business illegally because it is blatantly obvious when posted to facebook etc. I plan on operating things on a small enough scale that I am not worried about the IRS just paranoid about getting in trouble because I am sticking my neck out there when I make a post advertising to a facebook group like that. I am probably overthinking things as there is no shortage of immigrants who operate illegally but still concerned ig.

>>25756818
>Is cuckbase a load of shit which will con me out of my money
It is a high-quality, newb friendly website with high fees. It’s very good and has high volume. But after a few purchases you are not afraid of crypto anymore and you don’t want to pay the fee premium for people who are still scared, so you just go over to using Coinbase pro which is very good and has low fees using your same login.

>>25764412
short answer: yes it can, sir

>>25765493
How do you learn to navigate pro?

>>25764529
Taco newfag here as well. How much did you put in? And which platform are you using?
Only heard of Bitso but it seems like a scam

>>25765600
i just played around with for a few days, looked up stuff I didnt know the meaning of. Referred back to more noob graphs now and again. After a while you get the hang of it. It was a lot like learning the complicated UI of some autistic strategy game

>>25765677
I've gotten the hang of CK2 so i think i can handle coinbase pro

>>25752360
How much money should I have before I get into crypto?

>>25765746
just put in what you are willing to lose any money in crypto is good. got to start somewhere

Is just buying satoshis when i can a good investment?

>>25765352
If you don't make a whole lot of money, they really don't give a shit AFAIK. If you aren't depositing $10k+ in any given month, no suspicious activity report is filed and you won't be flagged for review. If you are really paranoid, stack some of the cash and use it whenever possible for basic expenses. Where do you live that makes you worry about getting called out for "operating an illegal business"? In my area if you find work like that you just go and do it, no need for licenses or anything like that. It's automatically classified as a sole proprietorship in my state if you do work without an actual business entity registered.

Binance us or Gemini ?

>>25765746
Nigga, I just started with 14 bucks. Just buy anything.

>>25756818
>Is it FOMO to get into ETH now?
Eth is about to break ATH ($1,400) and enter price discovery. Not more FOMO than buying btc at $20k in my opinion. That is, buying at 50% of ATH would maybe have been even better, but lits of people who have longer experience investing than I don’t think it’s interesting until it has broken ATH. Essentially, if you buy now you are investing in the thesis that ETH is not about to find impenetrable resistance at its old ATH but will in a while break through it and then shoot up to new heights. It might be wrong, maybe ETH will never break its old ATH, but to me that seems the odder theory.

>>25765903
I live in Texas, plan to be operating in the Bryan/College Station area. I guess I just showed how little I knew about business right there haha. So to clarify; I can post advertisements offering services, accept payments for services, report no income because it is cash and be "in the clear"?

>>25763794
>Is depositing into crypto every month a decent way to build capital like with stocks? Or do I dump a fuck ton of money into crypto at once? Looking for long term gains I can't handle checking the price every minute

You can DCA (dollar cost average) with crypto. If you arent into taking many risks, this is the best option.

>>25766189
Texas should be clear on the licensing and all that, just get classified as a sole proprietorship by default. I would personally report the income but if you really wanted to try and skirt the edge, you could report "some" income. Also make sure to use some of the money you make to pay for your own tuition, then file the 1098-T to get a tax credit for it.

>>25766479
so you wouldn't recommend operating purely as a private party, working under the table etc?

How do you actually even get started? Every time I check on how to there's barely any actual FAQ or guide or what to even do.
As far as I know
>You need mining hardware, and I assume a relatively decent computer so it can make use of it
>But how do you even use that? There's a whole lot of them
>How exactly do you "buy" coins? Do you buy, mine or farm?
There's barely any actual answers from total clueless people like me. I just want to have at least the bare minimum so I can remodel my room because any amount counts

>>25765670
Coinbase.com is good to start, try Binance once you are familiarized and want to get into more complicated stuff

>>25766561
I can't really make a recommendation on that, it's like whether or not to get insurance - saves money up until the point when you need it.

>>25766845
I see what you say. I was hoping to operate this to get a bit of side income, but if it becomes apparent that there is a good demand that I can meet with my van I may move it to take a greater part of my life. That's why I was concerned I guess, just wondering how much it actually matters to have a license to avoid trouble with the law.

>>25757866
>5 days in crypto and giving advice
Seriously fucking kys

>>25767828
the absolute state of newfaggotry

>>25765000
I’m using acorns rn with a $5/day recurring + 2x roundup on my debit. Up to a little over 1k with a 13.5% return so far. Not a bad idea. Works better for me because I’m bad at saving.

>>25768183
5 days doesn’t make you an oldfag?

>>25767828
It's one newfag talking to another newfag shut the fuck up

>>25769243
Fuck off nigger.

>>25752360
who has been the nost accurate crypto orice predictor

Remember kids: transparent blockchains are dangerous.