/biz/ - Business & Finance

So much conflicting info It kinda makes my head spin so I'm gonna ask the Tibetan Basket Weaving Forum

Bump to get maybe a reply?

/biz/ is gonna give you shitty advice.

Markets are overvalued right now. It could last for months or years, but in the meantime, using small amounts to learn and get used to trading, see if you're able to make money.

If you just want to grow your money a bit faster, wait for the next major dip then put your savings into an SP 500 index fund and hold until markets get stupid high, rinse and repeat. This is what I do because I have low levels of autism.

If you want to be more active, just ensure you diversify your stocks so that they're all in unrelated industries. Most retards just buy tech stocks and nothing else because they think they understand tech companies (they don't) and are scared of trying to learn about energy companies or shit.

A really high P/E ratio means the company is valued with the assumption that it will explode in earnings in the future. Doesn't mean you won't make money, just means it's risky and will only make money if the best case scenario happens. Most retards only buy high P/E stocks.

If you want to make it big, you can put a fraction of your cash into YOLO shit, just assume you'll lose these bets for years and hope you make it back 5 or 10 years from now when you hit. If you think it's a sure thing, you're either wrong or it's not actually a YOLO bet.

Any other questions? How much cash you have?

>>26045721
Stay away from ALGO. Get btc, eth, grt, link

>>26046233
Checked, and Thank you.

I was planning maybe $50-$100 mo just to learn and get used to trading. Because then if I lose then its only $50

I figured I'd get shit advice but at least it would be something. Alot of places promise the world and I dont trust shit.

Thank you for replying!

>>26046361
I've thought about it, ALGO is dirt fucking cheap and I wanted to practice just trading in small denominations to learn trading.

>>26046233
Basically I was planning on just browsing through the gigantic variety of shit on the markets and buying some cheap stocks/cryptos and letting it sit for years just to see what goes up. I have alot more to spend but Im basically going into this with the mindset of

"Drop the same amount I would spend going out dinner one night (cause I cant do that anyways) with the assumption that its basically setting my cash on fire with the slim chance it will turn into gold"

What do you recommend for crypto wallets and trading?

>>26046502
I'll give an even shorter, harder to fuck up strategy, if you don't care about learning and just want to make bank.

Wait for a crash, then go all in on index funds or diversified major companies. Sell when shit gets back to all time highs. Rinse and repeat.

>>26046596
Thats actually one of the things I am banking on BUT I literally dont understand anything involved with trading stocks, indexs or crypto and I wanted to practice on small denominations to get the feel on what the fuck im doing. SO I can move faster when the crash happens.


I have learned on thing from /SMG, DONT DO A FUCKING BLIND SALE, that poor guy who is on the hook for $700k in Gamestop

>>26046580
>What do you recommend for crypto wallets and trading?
Don't
Maybe bitcoin if you need to buy 4chan passes and porn

>>26046765
Dont have CryptoWallet?
Or
Dont Trade?

How do you store your Crypto then?

>>26046502
I think Binance has the lowest fees for trading, so you might wanna set up an account there. Bitcoin will give you safe and steady gains and will always be #1 in the crypto game. Consider putting a substantial amount of your money in it.
>>26046233
Boomer-tier advice. We're in the middle of a crypto bull run, and we're still early with crypto in general, and you want him to grow his portfolio 5-10% a year? lol

>>26046913
Thank you, I hadnt thought about Binance, but will start reading up.

Im just reading through a slew of shit from a variety of sources and much of it is conflicting so Im not really certain of anything. I have no portfolio of any kind and want to dip my toe in.

Thank you for the lead!

>>26047049
Bitcoin is #1 held and Ethereum is #2 for a reason. These coins, specifically Bitcoin, are the safest investments because you know you're getting good returns in the future. I put 90% of my money on these two in the 2nd half of 2020 and I'm basically up 4x in a matter of months. I had more impressive gains with shitcoin gambling (getting 2x or more in a night), but I only do that with small bags. Don't spend too much money on altcoins.

>>26047192
Ok!

Also Just found the Binance Academy and it s resources so I have ALOT of reading to do. Thank you very much for the direction pointer.

If i remember correctly, you can buy portions of a coin even though its super fucking expensive right? I really was only planning to spend small denominations each month to get used to the system. Not going to put even 10% of my money on crypto because I am leery and want to get used to the system as as a whole before investing in earnest. I remember Dec 2019 and the pink wojack craziness that biz went through

>>26047346
>If i remember correctly, you can buy portions of a coin even though its super fucking expensive right?
Yes. When it comes to Bitcoin they are called Satoshis, or Sats for short. Named after the creator. You may hear the phrase "the name of the game is stacking those sats", again emphasizing the dominance of Bitcoin on the crypto markets and its importance as a long term asset.
90% of people lose money trading. So only participate in those markets with a small amount at the start. Most of your money should be invested so you don't actively trade it. For example, 95% of my crypto is being held in interest bearing accounts and only about 5% of my portfolio is being traded on Binance (usually BTC/USDt pair).
Learn the difference betwen Limit Order, Market Order, Stop-Limit orders, etc.

>>26046765
Thank you both for replying it certainly helps. Just going to keep reading and bumping every few minues. I never realized how FAST /biz moves

>>26047568
Excellent! Thank you, Im going to be adding that to the list to read up on.

I was mostly planning on Investing, but also thought that was called trading because you are trading $ for Crypto. But I guess thats actually just investing... hmmm

>>26047666
You may wanna read up on the tax situation in your country.
Buying a crypto with fiat and holding = capital gains, don't pay tax until you cash out.
Buy a crypto, then converting it into another crypto, even if you don't cash out = income, you are taxed for that for that year.
Basically another advantage of buying and holding and avoiding the day trading that so many people fail on anyway.

>>26047740
Huh... I hadnt thought about the Taxes.. of fucking course there are Taxes.

So basically just buy some crypto and use that to purchase other crypto and it goes up, you can buy other crypto to spread out your funds that have the potential to gain (with the more likely chance of failing) right?

>>26047872
You want to buy with fiat (your debit or credit or whatever). If you convert one crypto to another it qualifies as cashing out and you're taxed. if you just buy and hold and don't convert then it's capital gains until you decide to cash out (or convert).

>>26048048
hmm.... ok so basically all trades are taxed except when you move from fiat to crypto? Crypto to Crypto is considered cashing out of one thing and moving to another.

So thats why you dont want to split between many Altcoins, because if you lose funds from a drop in price and cash out, you basically lost twice, your initial investment and then the tax needed to bail out, Basically, you lose some or all if the price of an altcoin fails. right?

>>26048223
Yes, basically so the government can tax people who are trying to horde their earnings in crypto without paying the cash out tax.
Keep in mind you don't pay tax if you're losing money. So cashing out/converting a crypto at a loss can be deducted from taxes payable.

>>26048649
Oh! Ok, that makes sense.

Still trying to figure out how to actually get into Crypto. But Definitely reading up on the background of crypto and how its processed.

Still deciding on the wallet and to create a create an account with Binance. Created an account with CoinBase but stopped at the identity verification portion and went to read up more. So I have a partial account that probably just going to lie dead.

So confused as to how to even invest in bitcoin right now.

People are throwing me a million different 'types' of coins and websites to invest in. What is the difference between Ethereum or Coinbase? why are their values different if a bitcoin is a bitcoin?

Can someone just give me an idiot proof guide or literally just tell me which site to buy bitcoin off?

>>26049403

Thats exactly where I am too!
The guy up ahead posted Binance and I found an Academy where it goes through some basics and there is a SHITLOAD of stuff to read. Here is where I am at right now though

https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners

>>26049403
>>26049455
sell signal

>>26049595
care to elaborate? really really newfag here

>>26049403
Just receieved more info!

Binge watch/listen to everything.

Was recommend Coin Bureau
https://www.youtube.com/watch?v=Eod04JEyOV8

>>26050053
Thanks fren

>>26049403
if you're looking for a new token check out RISEfi.finance and join the telegram

>>26046233
LMAO don't listen to this faggot

All-in LINK or PRQ or DEXG or some shit that's what you wanna do

>>26050184
Yeah I am basically gonna use this thread to store some info im mining from other threads and Ill tag you too. was also recommended this

>>26050046
>>26049870
>>26049776

>>26050232
Why would you recommend it? Am learning about doing your own research but want to hear your pitch

This is a good wholesome thread. Bumping for myself and others

Get a coinbase account and don't put any money in it. Do their tutorials and get their free coins they offer, but don't stress about moving them around or trying to make money by trading them or any shit like that. Just use it as a nice way to get some free coins and observe market movement on them. Spend a few days (or more) just watching how the prices move across the market - perhaps pick a few coins to watch in particular. You'll notice that in a lot of cases, especially right now, the prices fluctuate rather predictably between certain thresholds. After a while you'll get a sense of where the current 'medium' ground is for these coins. If you see a coin going down or showing red, don't worry so much, and don't listen to fudders. There will be posts of "ITS CRASHING FUCK" and etc on here, but this is mostly people trying to scare others into selling, so they can buy cheaper. It pretty much always returns to where it was after these dips. For EG, bitcoin lately has been moving between £25,000 and £29,000 pretty consistently. Once you can observe this for yourself enough times, and you feel confident enough in this pattern, you can relatively reliably buy some BTC at anything less than say, £26,000 - knowing that sure, it might still go down some more from here, but it's very probable that it will then return back to somewhere closer to £29,000 - and boom - there's your first profit. If you want, you can then move your money at the £29,000~ mark into £ or $ in your coinbase account, keep it there until it dips again, then repeat - compounding your gain each time. Of course, you can never REALLY know if it's going to return to £29k when you buy at <£26k, and you can never really know if it's going to dip from £29k back to £26k. Equally, you might move into £/$ at £29k, and then it never goes below that price again, so you have to buy back-in at more than you sold. Yes this is really basic and somewhat common sense principles, sorry if it reads tedious.

>>26050509
Aww thank you for the bump! Im nervous about jumping into crypto and am trying to learn as much as I can. There is just so much information here and alot of shitty and hilarious advice that Im trying to just parce through it and alot of people here are into so many different things. Its abit overwhelming

>>26050572
Alternatively, you can forget the swapping to £/$ and trying to trade on these swings all together. Most people in crypto are in it for the long game. Instead, you can still use the first principles of getting a coinbase account and watching for the 'medium' on a few coins - still buy in at what you have deemed to be a low-price within its thresholds, and then just do nothing. Generally the trends are all up in the long term, but even so, every hour/day/week/month etc has it's high price, and it's low price. If you're looking to invest a little each month, just take your time about when you buy to try and get yourself the best price. Even over 24 hours it can make the difference of 25%/50%, sometimes even more. Hope this helps anon and good luck.

Oh, and watch out for scams. Until you know what you're doing, don't buy anything outside of coinbase and you'll be safe. This is really the single most important thing you (and anyone else) can take from a thread like this. If you don't know how to use Etherscan comprehensively (at the very least) then just don't bother, it's not worth the risk.

>>26050572
Oh! Thank you! I was leery about Coinbase because you dont own the keys to your wallet and also the SSN signup requirement... but I only just learned that the exchange and you wallet are two separate things and that you can move between them. also that its a bad idea to keep your coins in the exchange.

I will definitely be looking to just lurk more and see how things move up and down. Thank you for the advice on the panickers, because i see those all of the time and I always see the amount bounce up pretty quickly. This looks like its a long-term gain and frequent buy/sell is a bad idea

>>26050184
also more info from a previous newfag thread (Not from me btw) please feel free to refute or diagree with these points

>You'll never sell the top.
>You'll never buy the bottom.
>Take profits on the way up.
>Buy red, sell green.
>Don't marry your shitcoins.
>Perform your due diligence and don't FOMO/APE in. Look at their social proofs. Check out etherscan. Look at the contract functions. See if the original owner of the wallet merely spread tokens out amongst multiple wallets. Develop a set of checks and stick to your these principles. The moment you waver is the moment you get rugged.
>When it comes to picking winners on /biz/, weaponized autism makes a strong argument but you need to understand the trends of the times and be forward thinking enough not to merely follow the coattails of others.
>Understand "the backwards law" and how it applies to crypto; oftentimes we succeed when we don't give it our all. It takes a mixture of shrewdness and naiveté for luck and opportunity to align. None of this really matters, anyways.
>Remember to have fun with it

And if all else fails,
>Buy high and sell low.

>>26045721
Here's the redpill: you will have to have a ton of conviction and patience to be successful long-term. Trading is a crapshoot and full of moonboys who kill themselves when bear season comes around. Buy and hold good assets.

>>26051025
Yeah, that part I get, Basically any money I invest in crypto is basically money that I am watching be set on fire and am hoping that gold is whats left behind and not ash.

>>26050987
>"See if the original owner of the wallet merely spread tokens out amongst multiple wallets."

This is what I meant with don't buy anything outside of coinbase unless you can use etherscan comprehensively, at the very least. Scams in crypto are not your normal nigerian prince style phonecall scams, they can be extremely sophisticated. If you don't know how to identify through etherscan who bought what amount, at what time, at what price, where it went from there, where it is now, etc, and you are extremely confident in your ability to do that, then you really don't want to be messing around with that side of things.

>>26051350
........ I am quite lost in this... what do you mean?

Can you make a wallet uniquely to you as the sole original owner? if so how, and how do you do this? I see that there are hardwares like buying from Trezor or paper but Im not sure.
Thank you for the advice, but I am abit confused, adding alot of your terms into my reading list to look up

>>26051640
Saving for remembering to maintain both time and cost lmitations

>>26051506
Metamask is a good wallet, operates as a chrome extension, but if you just stick to coinbase, you don't need it. Metamask is really only needed if you're looking to swap ETH for altcoins (coins that aren't on coinbase), which is pretty much exactly the thing I'm saying you should avoid doing until you are way more practiced and familiar with the landscape.

Etherscan is a site that tracks transactions from wallet to wallet across the ether blockchain. It will show who bought what coin at what price, and who swapped what coin into what coin, at what price. Every coin has its own wallet on there, that shows who is buying/selling it etc. An example of a scam would be like this. Someone would make an alt coin and be the first buyer, buying millions of them at £0.0000001 each. If they are a smart scammer, they will have many wallets (you can make multiple wallets in metamask) and they will then move these millions of coins around between these wallets a bunch of times, making it hard to track. EG, ETH>coin>ETH>BTC>Tether>UNI>ETH>LINK>ETH>coin...etc. Ultimately one guy has these millions of coins just spread out across many wallets and creates a big swap history so its hard to follow. Then the scammer will pump some liquidity (his real money) into the coin, making the price go up. People will see the coin price going up and buy at significantly more than the £0.000001 the scammer paid, so no matter what, the scammer will always be selling at a profit, and the scammer will own most of the supply from the very start. Basically any real investment that goes into the coin, the scammer will just pull out. You buy 100 coins at 1$ each, he sells 100 coins he bought for £0.000001. His profits are huge. Eventually the scammer will sell all their coins and the price will just flatline. This is called 'rugging' - pulling the rug out from under the investors feet. It's a dirty game.

>>26052132
OH! This makes sense and I had wondered about that and ease of which creating a new crypto currency is like and I can completely see how this scam would work and how people are left in the dust. I can also see how valuable it is to have software that can track between the different chains to see the rates as people jump between different forms of cypto and to get a more accurate picture of how you are moving funds. Especially because (as I understand it) transactions are broadcast out to the chain, but if you muddy the signal by sending out a SHITTON of transactions on something you made out of nowhere and artificially raise the price like you mentioned, you can hide how much of a massive scamming faggot you are as a scammer. (not talking bout you specifically)

That is DEFINITELY something that i nee to keep in mind, especially because I was thinking about altcoins. Most likely I will be staying within coinbase for now.

What do you think about Exodus to start with then moving to Trezor? ( just names I heard from one 20min video and havent done in-depth research on yet)

>>26045721

Almost all your technical and how to questions will be better to ask on google or through a yt video. We dont want to have you kill a precious "WTF Was That?!" thread because you didnt want to google how to make a wallet. Most will shut you down because you want to be spoon fed and havent put in the work yet. Regarding where to invest, Do Your Own Research. Don't invest on a hope or with crossed fingers or because of fancy marketing. There are a lot of shills that want you to pump your their bags. And there are garbage projects. You will begin to be able to discern for yourself what is FUD, what is a shill on here, but it will take understanding. Research the founders and developers of each project, their ambitions for the project as a whole. Is it a one trick pony ? Or can it accomplish a lot. Has the code been audited? Are the early investors reputable?
Learn Opsec so no one can just steal all your shit.
You need to understand that every part of the economy and every commodity from information to oil is going to be connected to blockchain. You are actually early in this-- it's an industrial revolution taking place. Each project is trying to capture a function in this new ecosystem. Grasp the significance of what is taking place here and you can own a piece of it. Dont waste time on bullshit and learn unless you want to be a wageslave forever. Make money and then invest it in defi. Generating passive income through staking or liquidity mining gives incredible return rates that banks could never give you, and unlike fiat, they can actually go up in value as you generate them passively.
Here are two projects to research : AVAX and GRT. You can be very early to both and they are long term and ambitious. Get off /biz and look into them. These are gold standard projects, but reach your own conclusions. For me this process is rewarding in and of itself.
Dont tell about your stacks on or offline. Dont tell anyone about this place or we cant be frens anymore.

>>26046233
Isn't this advice kind of dangerous?
>Wait for dip
With values going up every day, the next major dip in the future could bring prices back to the same level when OP was thinking of investing. Or worse, valuations don't go that low again.
>Dip
This is assuming we will have another March 2020 or 2008. But what about another 2000 where it takes years to get back to previous valuations?
SP500 has been going up for 12 years with only minor dips beyond March 2020. No one knows what going to happen to the markets in the future especially with these clown markets.

>>26052388
Honestly, I don't know, I don't use either, I am relatively new myself but have been doing nothing but living and breathing this since I started. All I use is coinbase, Metamask, Uniswap and Zerion (App wallet for altcoins). I read a story on Uniswaps support discord about a guy who approved a token to interact with his Metamask wallet which was a scam token, and it drained his whole wallet. After reading this I personally will never add any token to my Metamask manually. If you ever do buy some altcoins and they don't show on Metamask, just get the Zerion wallet - it will show them on there and you don't have to take the risk of adding a token manually, plus it actually has graphs and price tracking and shit which Metamask doesn't. Other anons will probably say I'm being overly cautious here, but I'd rather be over cautiously than risk having happen to me what happened to that guy.

Also, I probably shouldn't tell you this, I don't want to give you fanciful ideas, but in my first couple of days I fell trap into one of these scam coins I described in the post above. Fortunately however, I bought extremely early and because I didn't really know what I was doing, I put in a very tiny amount by accident. Ended up making £1300 in about 2 hours, at a 660,342,250,099,336,300% increase on the tiny amount I had moved in. But please, I feel irresponsible even telling you about that. I got EXTREMELY lucky by being so early and managing to pull out before it got rugged, this is not remotely a viable way to play the game. A whole lot of people got fucked and I didn't realise until some time later that I had completely unintentionally scammed those people alongside the scammer. Not cool. I like to think at least a good portion of that money was the scammers money that he used to pump the coin price..

>>26052586
Yeah I am quite aware that a majority can be found using google or youtube...Thats why at I am trying to learn. When I made this thread stating that I am a seriously New Newfag, I really meant it... I mean I am quite literally incredibly new and am doing much of my research right now (Im about 3-4hrs in from deciding "fuck it, lets learn something completely new like crypto tonight" and i've only gotten around to reading the basics on WHAT crypto really is) I just started reading Binance Academy and am listening to Coin Bureau and started a Coinbase. All so I can start reading more from various sources.

Also, anyone that posts on this thread with info that I haven't learned in the last 3-4hrs, I am responding to and asking followup questions to bump the thread and to keep learning more information. I'm bouncing between different resources right now and I realize that a majority of people are shills and that they are basically out to snag whatever they can get. I am doing my own research in between refreshing this thread.

Are you surprised that someone who has only started actually started reading into Crypto 3-4hrs ago still has this many questions?

I will certainly take a loek at AVAX and GRT though in between the rest of my research, ty for the recommendation!

>>26052869
Ah Thank you! From what I gathered, being overly cautious can save you literally thousands and is worth the time and effort invested into security. Most likely I will listen to that other thread anon and just lurk and learn on coinbase until i get a feel for things, before actually investing.

It seems like an honest mistake on your part as you couldn't have known it was going to be rugged (unless you were the scammer lol) I will certainly add Metamask and Zerion and Uniswap to my research list. It makes sense on using those from what you describe. Thank you for the general Point!

It seems like this is both a lucrative market and a dangerous one at the same time. Which is why there are so many scammers.

coinbase is a centralised exchange (CEX)
you can only buy the coins that coinbase is selling there from their own wallets, and they transfer it directly into your wallet. if they dont offer a coin there, you can't buy it. their coin selection is relatively small, but they are a trusted and safe place to buy crypto without getting scammed
uniswap is a de-centralised exchange (DEX)
you can buy almost anything on there, including scams. in order to use it, you will need to connect your wallet (that you got from coinbase, most likely) to uniswap, and then you can start trading.
if you make a wallet through coinbase, it's your wallet. coinbase doesn't own it, and you can safely use it for whatever you want. you can connect metamask to your wallet to use different exchanges and participate in staking pools later on down the road

>tl;dr
make a coinbase account
buy a coin
wait
if you feel like you have a massive cock, go on uniswap and buy some altcoins and prepare to either make or lose significantly more money than you would on coinbase

>>26050572
This post, while obvious, is probably the best in this thread. Newfag as well, but I know just that much more than you (OP). From what I've learned, ever since my "whao coinz" phase I've learned to use limit buys and stop losses. It's easy, doesnt cost more money than average, and if you miss out you were going to anyway. Be patient. Also, use Coinbase pro, fees are lower. I still have the regular version on my phone because they give you a rundown on the coins instead of a candle graph and the depth graphs. Learn what limit buys are and depth graphs. Learn what is universal between coins and how to look at them. If you can't read a book, how do you expect to understand it?

>>26053354
To add on, CB pro had more shitcoins to trade, as does binance.us. They both need your SSN because the US government needs to have their hand in every piece of the pie. I'm assuming youre in the US, no?

>>26053222
checked
>metamask
just a wallet extension. it's like a DLC for your wallet that lets you see various altcoins that aren't listed on coinbase or wherever else. you can also make a wallet through metamask and import it into coinbase, it doesn't matter.
>zerion
never heard of it, seems like another wallet. i prefer and trust metamask, either way it's just a wallet
>uniswap
the largest exchange to trade crypto that isn't listed on coinbase for the US

you are obviously new, so just know that cryptocurrency is the crack cocaine of investing. the highs and lows come swiftly and often unexpectedly, making other investment opportunities pale in comparison. you can see gains and losses EASILY over 50% in a day. PRQ is up ~40% today, and ~800% for the past month. it was shilled here. LINK was shilled here.
people will tell you to be cautious and wait and all that shit when it comes to crypto; you learn by doing, and need some skin in the game. plop a thousand bucks into something and just see what it does. don't try to swing or swap, just keep that $1000 in a coin and ride it out for a few years. park money into projects you think are valuable, and try to make wise decisions.
Personally, I am invested in (descending):
>LINK
>RLC
>PRQ
>PNK
>API3
>UNN
>GRO
>GRT
I also have some NU and LCX for the memes, but not even $300 each. Some ETH as well to pay for trading fees and to drop into different shitcoins from time to time
and don't forget, buy high sell low

>>26053295
Ah Thank you! I actually just made a coinabse account about an hour ago and plan on waiting a looong time.

I hadn't read as far as the difference between the exchanges. The part with coinbase the worries me before I am putting actual money in it, is that they mentioned that they hold the keys to your wallet, so you dont actually own your crypto. Would you recommend moving to a hardware wallet to avoid this? Some of the advice that I heard in other threads is that keeping you entire wallet and balance with an exchange is a bad idea as they could be hacked and its possible to lose your entire wallet.

If so what kind of wallet? I had heard about Exodus then Trezor. and another person mentioned Metamask and Zerion as well. Sorry for the many questions, its just there is so much information!

Fellow newfriend here. I saw on Coinbase there were a few free coins being given out in exchange for doing some pretty easy tutorials. Are there any other sites that give out coins in a similar way?

>>26053495
I haven't heard of coinbase holding the keys to your wallet. If it's on coinbase itself, the exchange, then yes they technically "own" your crypto, just like robinhood technically "owns" your stocks via their app. They are registered with the SEC, they aren't going to steal your shit or get hacked, since the perpetrator would get raped by the US government.
Metamask is a browser extension and app that holds your keys. I use metamask since you can import all the random shitcoins not listed on coinbase. If you forget your password/thumbprint and dont have them written down, all of your money is gone.
Trezor is a physical wallet that you have to use to approve all crypto transactions. If you lose it or forget your password, all of your money is gone.
Either way the chances of you getting hacked or whatever is pretty low, assuming you have a laptop only used for trading. If you have an app on your phone for it I wouldn't really worry about it either. Once you hit 100k+ I would get a physical wallet.

>>26053495
I have ~$300 in crypto. I can afford to lose it. Once you get to the point youre afraid of the loss, get a hardware wallet and keep just enough on an exchange so you can buy shit but not miss out. For me, right now, the price of a hardware wallet is relatively expensive to what I'd lose. Once (and if) I hit 2k, I would get one. There are also hot and cold wallets, the OP in the XRP schitzo general has some links at the end.

>>26053354
>>26053448
Unironically this is actually what I am doing now. I will definitely be looking into Coinbase Pro. A previous anon mentioned to learn the difference between Limit Order, Market Order, and Stop-Limit Orders and that is certainly on my list of things to read up on. Now adding Limit Buys (which I am assuming is a different name of a Limit Order, but adding anyways), Currently I am reading a bunch of different resources and only started learning about cypto about 4hrs ago.. there alot of information out there for crypto and the many many many different kinds and not all of it is true. Ive basically only gotten to the basics on what is a crypto currency from reading and just some pieces of the puzzle from this thread. Im basically going through Binance Academy and Coinbase resources and listening to Coin Bureau right now. Also correct assumption.


>>26053469
Lol thank you for some based advice (and that lovely shitty bit at the end! I was definitely planning on putting some amount of skin in but I am an overly cautious person.

I am completely and utterly new at investing but I realize that this is the new banking revolution of the world

>>26053354
Thanks anon. I've also posted a lot in here about scam coins - stuff that I wish someone had explained to me when I started. A lot of these kind of threads get filled with posts of "buy this, download this, buy that" but very infrequently do they mention things to categorically avoid as a newcomer.

>>26045799
How did a newfag come across such an adorable pepe? For that I'll throw in my two cents, if you're outside america use binance to save hassle trading into the future or look into a local trustworthy exchange - from there look into "software wallets" sometimes called hot wallets, my recommendation being Exodus. Priority for crypto specifically should be to DCA, put $100+ into a coin at any given time, and then send that to your software wallet to ensure you have control of something happens to an exchange, which believe me happens more often than it should (never, but it happens every fucking month practically). After maybe 1000$ if you're still game look into a hardware wallet like trezos or ledger for added security

>>26053693
I think coinbase is pretty unique in that regard. Sometimes people will "airdrop" crypto for free to try and seed the market. I have some random absolute pajeet-tier scamcoins that were airdropped to me and are worth ~$0. The last big airdrop I got was from Uniswap from using their exchange, and I got 400 UNI. I swapped it immediately for PRQ and never looked back.
Shit like that is pretty uncommon though, and many of the coinbase ones require you to get other people to invest on coinbase as well. I think I got like $30 total from coinbase doing the tutorials, it was a fun time waster and gives you a tiny bit of skin in the game, so you might as well do it.

>>26053809
ride this initial wave of euphoria, but don't be surprised if your investment tanks like 80% in a crash next month. alternatively, your investment could 10x in a month. you never really know with crypto, it's 65% luck and 35% research.
just FYI $300 is absolute bitchmode. this is seriously the last way for somebody to get some decent money from doing nothing. I have about $5k fiat to my name, the rest of my net worth is in cryptocurrency. I was literally LITERALLY homeless sleeping in the forest, and I was buying crypto instead of finding housing. a few years later and I look back at that time in my life fondly. pour your heart and soul into this shit, grind until you bleed to buy crypto, and you will see the reward in time.
swingies get the rope, just hold on and wait

>>26053809
Limit buys are limit orders. I started on the 4th this year, the basic terms kind of apply to stocks. Once I started learning about blockchain, it was a whole nother world. Get binance as well as CB, they offer different shitcoins and it sucks to miss out. Like the other guy said, try Uniswap if your cajones are big enough.

>>26053837
Thanks for the acknowledgement, I've seen the patterns in only a week between LCX and HEX. This seems like the only honest thread, and while I dont think youre an oldfag I feel like youre giving genuine advice.

>>26053693
Im not certain, but I am following this Anon's advice >>26050572
When I signed up for coinbase it looks like they are giving out basically $169 in various cryptos to learn the basic tutorials and it seems worth doing!

>>26053755
AH! Thank you for the comparison, and perspective on the various wallets. I hadnt thought of them that way. I journal and track alot too so I dont think that will be an issue of losing my passwords. Thank you for the encouragement with the wallets because thats the part thats holding me back from actual hard investing right now. (Granted im only like...4hrs in..) $100k Sounds like a good goals to setup a physical wallet.

>>26053786
That sounds like a good plan! Thank you for the personal advice and ideas. I will definitely jump out to XRP General and check out OP there.

Thank you all for the general pointers!

>>26053893
That's the plan I think. Oh well, i'll keep an eye out.
>>26054096
About half the money they're giving out is referrals to friends once they deposit a certain amount from what I can see. Still the other half is for tutorials and stuff so, why not!

>>26054096
This is super kikey of me but if youre gonna do the tutorials can you use my links?

COMP:b62qj3k5

XLM:gj8fbdhp

I would share my GRT and CGLD links but apparently those aren't a thing anymore. Id return the favor, but ive completed them all. One thing I regret is just watching to learn the answers for my free money rather than learning about the chain, all the info is either in the description or the first 15 seconds.

>>26053837
Thank you for the general advice about scams! This is definitely helping out and i know i really need to keep my eyes peeled and the mantra i am started to read more and more about "Do Your Own Research"

>>26053853
Aw thank you! I am a newfag to /biz but not to 4chan. I also participated in a meme swap with another and he had a ton of pepes (~4GB of pics/memes/gifs). And thank you! I am in the US but I am currently reading binance actually and I discovered that they have a whole academy that I soaking up information from. I only got as far as the basics of what crypto is before the thread picked up and I started reading responses and asking followups. I also started listening to Coin Bureau and his wallet recommendations, Exodus and then moving the Trenzor eventually seemed like a place to start and I am glad to hear Exodus/Trezos recommended again! That worry about an exchange losing cohesion /hacked and that the exchange holds the keys is why I havent dropped any actual $ yet, but I am glad to learn that you can switch it out to a software/hardware wallet to maintain the keys to your crypto. Thank you very much anon for the positivity and input! Also I am saving your pepe cause I love that smile. pic related

>>26053893
Eh I would call it more cautious optimism, Im still too nervous to actually drop real money in yet. The jumps from all crypto make me abit nervous and I realize that basically anything I put into crypto is like setting money on fire and watching it burn hoping that gold and not ash falls. I definitely plan on holding on and waiting, I saw what 10 years does. Im glad for you Anon! Congrats on your journey through crypto! Maybe I'll make it too but i do not dare to hope without a dose of pessimism

>>26053951
Awesome! Thats actually exactly what I am doing now, except that I'm using Binance Academy first and will probably make an account later. Definitely dont have the balls for uniswap right now if im too skiddish to drop actually money in. Like said, this phase is me doing my own research, specifically the Crowdsourcing portion

>>26054269
Exactly! Why not, I need to learn anyways, might as well get some free coins and see if any take off.

>>26054393
lol yeah that is super fucking kikey of you, but if you share anything that you've learned from your experience with crypto. Then maybe, Ill give them a shot if the place is obvious on where to put those code in. (unless you get justly reamed by other anons)

Just dca bitcoin and hodl it. Safest advice you can get. If you want to branch out do etherium. Link if you want to gamble on something that might provide high returns.

>>26054594
https://coinbasejewcomjewearnjewxlmjewinvitejewgj8fbdhp

Just a palace the jews with slashes.

>>26054726
Thanks I will give it a shot, that seems to be a larger consensus here, with people branching out to others if possible and hoping they rise.

Thank you for the general point!

>>26054802
Now that is quite literally Kikey of you XD

How important are wallets? I have like $400 on coinbase..

>>26054802
*replace

Man I love drunk phoneposting. I'm 1/2 in on XLM and 1/10 in on GRT, I know I'm a newfag but I actually believe in those shitcoins. Don't FOMO, I bought LRC at .59. I'm playing with small money, and I think I had the right idea. You should do the same. It doesn't matter how much fiat you have into it, the percentages are still the same.

>>26054953
Thats basically what I am doing, I only intend to spend ~$50/mo on this to see what happens. It seems like everything bounces up and down but always trends up. The way I see it, thats just once month where I choose not go out to grab eat out for dinner. Same way that money is burned but with the possibility that that $ will not turn into shit but actual gold

>>26054944
see
>>26053755

this is the biggest extent that I know about them, also these have been recommended to me several times

>>26053853

>>26055058
fuck i am tired.. i am retyping sentences I am rethinking in my head.. time for bed... probably shouldve made dinner too.. sooo it begins..

ill probably repost this thread and what I've learned tomorrow as I continue doing my own research

goodnight everyone and thank you for the many replies and good information, tips and pointers. I really appreciate it!

>>26055058

If I were you I would wait to spend fiat on anything. I think the market is crashing. Give it a month. Take my word as a dude who hasn't been in crypto for more than two weeks but remembers bitcoin on /b/ in 2010.

Stocks > Coin

>>26045721
well, if you Google it on the internet, you can make a wheel if fortune type prize wheel. put some names on that and spin it a couple times, divvy up your money. rinse and repeat. that's how the savants do it.