/biz/ - Business & Finance

I buy everything based on memes, and link has the best memes

>>27102690
STATERA

>>27102690
STATERA

>>27102690
Chainlink is literally the most legit project after bitcoin and eth. You can probably make more short term elsewhere but you can also lose a lot more elsewhere as well. Do not just buy the top. Buy local dips, trust me.

>>27102690
>Moshie R. Horowitz
kek

>>27102690
If I'm being serious, early on just put your money into BTC, ETH, and Link. While you're putting money in those three, just lurk around here and you'll eventually get a feel for whats good and whats not.

>>27103392
it can't be real
please it hurts to laugh

>>27102690
>I bounce in from POL
yeah sure. What hedge fund do you work for?

>>27102690
OP you are newfag and you will get cheated by the pajeets on this board. anything anyone shills you is shit.

Spend 20 hours or so learning about it. Learn to use metamask. Make your own decisions and stick with them. Everyone here is trying to dump on your or get you to pump their bags.

>>27102690
doge no its not a joke. anyone who provides sensible advice is a retard. litera clown world. buy doge and be ready to dump

>>27103501
https://www.reuters.com/article/uk-factcheck-fake-cnn-headline-gamestop/fact-check-cnn-headline-about-gamestop-trade-phenomenon-has-been-digitally-altered-idUSKBN29Y2ZH

But who checks the checkers?

>>27102690
Should listen to >>27103322
Best advice your going to get with double dubs like these.

>>27102690
$STA STATERA

>>27102690
>>27102690
Chainlink is a blue chip all things considered. If you look into the project there are some sketchy things like how they have a tax haven in the cayman islands, how 500K mysteriously gets "circulated" around randomly, usually during pumps, and how the team owns a significant portion not currently in the circulating supply. But if you look into any project long enough you'll find some sketchy details. If you're not okay with that, then crypto isn't for you. It's currently a speculative asset; sure there are working defi products but "pooling" and "staking" has it's own risks (why I don't personally participate, but people have made a killing doing it during last summer.)
Anyhow, because these are speculative assets, you have to have a grasp of what the current sentiment is about projects to do well in this market. So look for coin listings on major exchanges, upcoming events about projects, etc. That's usually when people get really excited and buy in and pump and dump groups start accumulating. By the time the event rolls around, there's usually a sell off, and that's what new investors don't anticipate/understand.
And just because it's a large cap, it doesn't mean it won't move much. Everything is volatile in crypto. Small caps are the most risky; if you didn't get in early it's really a gamble and you could lose +50% the moment you buy in. Look at doge/donut for example; huge pump yesterday and today but still down a couple hundered percent from the rally's peak. If you bought close to the top, you most likely got fucked. This is just the tip of the iceberg, but I think this is enough of a blog post to get you started.

Statera is quite literally the next Link, out with Grandpa Link and in with the new hotness that is Statera... of course as always DYOR

>BEL
BITCOIN, ETH, LINK
This should be 90% of your portfolio

>>27103417
This... Grow your wealth using the bigger cryptos first... New ATHs will be set throughout most of this year judging our point in this cycle vs previous ones.

Perhaps later in the year there will be opportunity to go into a shitcoin if you see new ones going 50x all the time, when you have more history of observing markets better and more experience holding through volatility. It's a newfag mistake to start out in lower cap shitcoins just because you see biznessman shilling them all the time.

just buy a bit of both BTC and LINK then convert between the two back and forth depending on the dailies

>>27103670
Close enough. Haha
>>27103620
Thanks for the tip. Is metamask a better choice?
>>27103417
Sort of what I was feeling. Should a poorfag still put money into BTC?

>>27102690
Pay attention to market cap, daily volumes, and very importantly coins in circulation. What people aren't understanding about Doge is that the market cap is pretty low compared to its volume which makes it seem like it has potential to increase in value quickly, but there are 128 billion coins in circulation so that keeps the growth if the market cap down.

Also pay attention to trends. A coin might have good numbers for growth, but not enough people are interested in it. Any coin can pump pretty hard and dump just as hard.

>>27103876
Good hub of information on bitcoin btw, to read up on the fundamentals from time to time: https://casebitcoin.com/

BTC, ETH, LINK
Or just use Statera to balance between them + passive income

>>27102690
Chainlink is a legitimate blue chip project that'll still keep climbing 5 years from now due to being a critical piece of blockchain infrastructure with outstanding professionalism and connections, it's not reliant on short term pump and dump like everything else in this market.

Don't invest in blockchains competing with ethereum. This ship has sailed. Ethereum won't be replaced as the leading chain anytime soon.

Market cap is a meme.

>>27104102
How much do you keep in a hot vs a cold wallet?

>>27102690
bro you are completely stuck on the surface of crypto. you know nothing. the key to a good crypto network is in its underlying economy. crypto does different things. it's not all about just moving value around and incentivizing network longevity.

>>27104108
>Gabe Friedman

>>27104629
>>27104336
>>27103828
>>27103876
I have been looking at BTC and LINK. I still haven't gotten the feel for ETH though. I also see a lot of shilling for STA, but this feels like low-teir meme shitcoin.

>>27102690
Basically in your shoes but I managed to doublemy initial very small investment with Doge then put it all into FTM/XLM/GRT just to see where random shit goes.
According to most of this thread I dun goofed

>>27105124
>I also see a lot of shilling for STA, but this feels like low-teir meme shitcoin.
You passed the iq test. Welcome to /biz/.

>>27105124
STA is a blatant flavor of the week shill campaign. You learn to spot them after lurking a while. They disappear after a week, and the shills never engage in real conversations, there's no organic interest or fundamentals.

>>27102690
Listen to dubdubs here >>27103322
Honestly, it's a terrible time to be a newfag looking for advice here. There are a ton of newfags like you and a ton of bagholders and scammers looking to tempt you with bullshit.
LINK, ETH, BTC, in that order. Don't buy anything else until you're competent enough to do your own research. Not to be a dick, but your post reads like my mom skimmed a Forbes article and wants to seem like she's not totally clueless while she asks me what to buy.

>>27104166
Thanks for the explanation. The Doge thing definitely didn't pass the smell test for me.
>>27104847
True. This is why I am asking for tips. Even a comment like yours is helpful.

>>27102690
start reading stuff

also buy Cardano $ADA

>>27106116
Isn't cardano a tranny coin?

>>27102690
nigga please just buy bitcoin and only bitcoin at least for a good time until you understand how this shit works

>>27102690
in the same page there was a guy saying he lost almost everything buying the random shitcoin people here try to shill

>>27106552
arent they all?

>>27105539
newfag spotted

>>27102690
Whoever shills the hardest and builds the most hype. Buy a few hundred/thousand immediately when they’re worth cents. If it’s already worth dollars, you’re too late. It’s the only real strategy with so many shitcoins nowadays

>>27105132
Happens to us all. I am trying to soften the blow a bit for myself.
>>27106026
I take the criticism. I am an extreme skeptic and cynic at heart, so this may help in some cases, but maybe hurt in others.

>>27106719
The moment Link has a tranny on the dev team is the moment my hand turns to sand.

>>27106571
this

bitcoin is the most important investment you need to make

>>27106790
Rajeesh

>>27106920
You're asking good questions and making good observations, which already puts you above all the retarded tourists who flooded the board, just take the time to lurk and you'll make it. Use the biz archive to research keywords you might be curious about.

>>27102690
OP what you're gonna want to do is buy as much xbtc and r3fi as you possibly can. Just every paycheck keep adding to the stack.
>xbtc
Goes up when bitcoin market cap dominance falls which it inevitably will. Capped supply.
>r3fi
Like a crypto savings account. There is a fee to buy and sell which is automatically distributed amongst all coinholders. The fee nukes bots and swing traders and encourages holding. The dev relinquished ownership and it just runs itself. Liquidity is locked.

>>27107754
Drown in the Ganges.

Good thread

I tried to buy in to bitcoin several years ago but coinbase would never approve my application and the fees were sky high. Where are you fags converting USD to coins? How do I do it without getting raped? I want to put several thousand into some coins and gamble on some shit coins once I have a grasp of things. How do I get it in and out without getting fucked on taxes and fees?

>>27103322
>LINK
So, he's right, but the problem is that it's safe advice. I could reasonably see link being $50 in a year or two. Maybe 100 in a few years.
>Why?
It's legitimately a well backed project with decent potential. Yet, market cap is pretty straight forward on potential future growth. Bitcoin can't be a million dollars because it would give it a market cap larger than the US economy - it's just not really how it works. With that in mind,
>>27103056
Is pretty much a shitcoin with a relatively small market cap. You could easily see get 5x returns in a week of autistic speculation. You could also lose all your investment easily. It's pretty much gambling. Again, Link was a meme coin for the longest fucking time. So, whatever.


So, what are you trying to do? Invest or gamble?

>>27103568
This. Kike intel op detected

>>27106920
since you know about LINK look into ALBT QNT as well

>>27103815
>By the time the event rolls around, there's usually a sell off, and that's what new investors don't anticipate/understand.

If only I knew this before wasting money on LCX

>>27108062
If you are playing with thousands of dollars, be aware that trading, or selling crypto to buy other crypto, is technically a taxable event. Coinbase seems to have the highest fees I guess because they're the first stop for a lot of people. Voyager has "no fees" but I think they make up for that by tweaking prices a little. There is also binance.us but I've never used it

>>27108062
>Where are you fags converting USD to coins? How do I do it without getting raped?
Unless you want to take a chance getting bricked by Tyrone with some shit like localbitcoin, a fiat gateway with KYC is pretty much your only option. I use gemini personally.
>I want to put several thousand into some coins and gamble on some shit coins once I have a grasp of things. How do I get it in and out without getting fucked on taxes and fees?
There are coin "tumblers" that can anonymize your coins, look up tornado.cash for an example. Or you can convert everything to a privacy coin like XMR. But if you do well, the tax man is going to look for your money no matter what.

>>27108904
>>27108882
What are you fags paying in taxes when you liquidate? Or do you just try to keep it all in crypto? Can I buy land in Wyoming with bitcoin?

>>27108032
I like it. It is mine now.
>>27108253
Invest, gamble. 80/20, even 90/10.

>>27109085
random question about tax slavery in the US, if you sell crypto for money in paypal/steam/or whatever site like that, would they even find out?

>>27103620
What's a better place than this for getting some good info? Forum board wise.....

>>27103670
>you can now troll a news station by proxy by html editing a shitty article to troll /pol/

my sides

>>27109085
There are crypto tax calculators out there. Use one and decide for yourself if the amount you owe is worth "forgetting" to claim it when tax time comes around. If you just buy good investments hold you don't have worry about it until you're ready to cash out.

>>27102690
I am holding to cause a Shoah of Shekels.

>>27109650
It just scares me (taxes) because I stand to inherit a good piece of land and I don't want the IRS seizing it. I've already seen a guy that was selling small amounts of pot lose the entire family farm because the kikes claimed he bought it was drug money (guy was maybe moving $300 worth of pot a week).

>>27102690
>national holocaust remembrance day
https://vocaroo.com/1cv3hXwcRPAN

>>27103322
>>27103417
>>27103691
>>27106026

Op you sound like an idiot but for some reason you lucked out and anons are giving you good advice. BTC, ETH, LINK is basically the holy trinity, keep stacking those and you will be fine.
There are a million shitcoins being shilled here and it takes months or years to be able to distinguish discord tranny shill campaigns from genuine interest. Don’t buy flavor of the week shitcoins, by the time you hear about them I guarantee you are the dumb money and will get dumped on. Also don’t ever, ever chase pumps, you want to be buying during bear markets and then taking profits when things pick up. I know you said you don’t want youtube recs because you’re dumb and lazy and hate learning, but a great entry level channel is DataDash, and then check out Ben Cowen.

TLDR, hold BTC, LINK and ETH, and don’t chase pumps

@satoshistreetbetss

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Discussion and education on new defi projects such as STATERA, LINK, SYNTHETIXS, bitcoin and ethereum