[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 38 KB, 657x527, E9E6456F-FD47-4D4D-8128-A471A53149F8.jpg [View same] [iqdb] [saucenao] [google]
25991635 No.25991635[DELETED]  [Reply] [Original]

I see a lot of poorfags here under 10k diversifying into 10 altcoins or buying BTC/ETH. NGMI.

>> No.25991737

>>25991635
This is true, although I'd define anything under 250K as a 'poorfag' in this context

>> No.25991747
File: 84 KB, 750x864, E47B57A2-BAEB-4F37-A2E9-8FAF748C178D.jpg [View same] [iqdb] [saucenao] [google]
25991747

I agree, I keep it 4 or less

>> No.25991756
File: 56 KB, 960x949, 1610384991262.jpg [View same] [iqdb] [saucenao] [google]
25991756

>>25991737

>> No.25991785

>>25991747
You literally need to be in 1 if you’re a poorfag and hope it does a 2x or more.

>> No.25991818

diversification is a meme

>> No.25991834

I mostly go all-in on one or two coins at a time, trying to flip some sats. And I have few $600-$1000 invested in microcaps.

>> No.25991879

Those poorfags are also newfags. When you are poor, you need to go all in on one shitcoin

>> No.25991883

>>25991834
This is literally what you should be doing till you hit 100k lol

>> No.25991906

>>25991635
There is no point to diversification in crypto because the market is 85% bitcoin. Everything is subject to it, whether they like it or not, and if it's small enough not to be you'll probably can't realistically invest in it.
Diversification is a good enough idea in more developed markets because it spreads out risk. The basic idea is not to let any one asset nuke your portfolio.

>> No.25991980
File: 307 KB, 1600x1066, 1610466665918.jpg [View same] [iqdb] [saucenao] [google]
25991980

Because if you're sub 10k and lose 2k, it's a big fucking deal to where some dudes here won't be able to pay their moms rent nor afford bus passes, so yeah, they absolutely SHOULD play it safe.

I dropped 10k on DOGE and came up with 2.5k in a matter of hours and I'm looking at stupid watches that cost more than cars

>> No.25992054

>>25991906
Agreed for the most part, but low cap shitcoins coins can still net higher returns that BTC/ETH. People doubled/tripled their money on GRT in a day.

>> No.25992237

>>25991635
Meh, I'm a poorfag and ETH has more than 3xed my portfolio into 5 figures, still not sure if alts are worth it yet.

>> No.25992263

Poorfag here who dumped $200 into KSM in July. It’s worth $1600 now and I cannot complain.

>> No.25992287

>>25991883
Yeah, at that point is either easier because you only need a 5x-10x to make big money, but it's also harder to find liquidity, compared to flipping $2000 worth of BTC from an alt pump.

>> No.25992342

Zlot.
Try to get 1.

>> No.25992392

>>25991635
they dont know what theyre doing

>> No.25992497

>>25991635
>ride the btc/eth 5-10x
>wait for crash
>all in again
>make it
it literally is that easy

>> No.25992824

>>25991635
Id be all in $farm