/biz/ - Business & Finance

>>28892059
Based

Pray for those who have no bitcoin.

>>28892059
What are you thoughts on ETH and or shitcoins?

>>28892381
>YOU ONLY HAVE ONE TASK

Failed. Not going to make it.

I need to trade shitcoins in order to make enough money to get BTC.

>>28892059
Thanks anon. What is the best way to buy bitcoin now with the intent of storing it in a wallet? I googled a lot of this, but im new to this and looking for some consistency in the advice.

>>28892059
>buy something things costs 50k for one of them

Okay buddy, what’s gonna happen when they’re all mined and everything is already bought.lmao

>>28892059
>hold my super duper expensive bags
lol no thanks. I'll wait for another crash, no big deal.

>>28892562
>Fails at one task.

Sorry. Not going to make it.

>>28892324
Plenty of other coins to put your money into. Who gives a crap.

Cold Storage Art, never selling even if I lose my house and have to go live with my mom.

>>28892661

>>28888888

>>28892771
>Doesn't care about being rich.

Have fun staying poor.

>>28892381
Buying shitcoins is like gambling, why waste the time researching and checking the price all the time. Just buy bitcoin and get on with your life. After a few years you will make it for sure. ETH is cool, but not a good investment, since it isn't limited. Bitcoin on the other hand is.
>>28892591
Its simple. Find an exchange. I think coinbase is pretty good for beginners, but the fees are high so I'd rather use Coinbase Pro which you can use the same login information at. Just transfer your fiat into your Coinbase and buy bitcoin. You can keep it there but I recommend buying a hardware wallet. Either from Ledger or Trezor.
>>28892661
Retarded faggot. When all btc are mined the miners will be payed only with transaction fees. Also when all BTC is mined which will happen in 2140 probably, it means the supply is fixed and no more new bitcoin is entering the system. Bitcoin will still appreciate in value then because people will lose access to their bitcoin, basically burning them, which is like a gift to all other bitcoiners.

I have 5 grand of buttcorn on an exchange. If I put it in cold storage (a Ledger Nano X) what sort of fees will it cost me?

https://soundcloud.com/yeethewarlock/sacred-economics-ep-1-macro-101

https://soundcloud.com/yeethewarlock/sacred-economics-ep-2-supply-issuance

https://soundcloud.com/yeethewarlock/sacred-economics-ep-3-pertinent-scalability

>inb4 muh ponzi scheme
>inb4 muh eth
>inb4 muh sounds
dont be a fuck. free information. use it or dont. good luck anon. happy to answer any question or direct you to some anon that can.

bless the based baker.

>>28893289
Not a lot, I did it a few weeks ago and I payed like 10$ I think. But normally every exchange will tell you how much the fees are. Put your bitcoin into your hardware wallet, exchanges could get hacked or they lock your account and cuck you.

>>28892059
I have 1.1 BTC desperately trying to get to 1.2
worst of all Ive been buying since 2017 but got rekt and lost 80% of my stash on shitcoins
please tell me I will make it OP-san

>>28893402
Thanks, Anon. I'll stash my cryptoshekels asap.

>>28892059
Bitcoin is the biggest shitcoin.

>>28893289
Very minimal, it should tell you. It was this much
0.00004768 BTC. For moving 0.01132119 BTC.

>>28893194
Thanks anon. Is it hard to transfer from an exchange to a hardware wallet? Again i googled it well, but im afraid the how to i read will be some gook / Russian scam and i will lose everything.

Sorry maxis, I'm going 1/3-1/3-1/3 on BTC/ETH/Link.

Is Bitcoin backed by the might of the US government's military and jewish talmudic magic? The same magic that used to end the GME bullpen? No?

Ok I'll continue to stack USD.

>>28893694
Thanks, Anon. Happy stacking.

I'll buy it when it crashes to $1-2k in two months.

>>28893471
Stock to flow model which was correct 95% of the time, says bitcoin price will be at 1million in 2025. Just hold your BTC and make sure you have enough cash to buy when the bear market begins again.

>>28893344
Why is there distorted music in the background and shit? lmao what is this.

>>28894092
thank you OP sama
I stopped all trading, stopped dabbling in bullshit, stopped all the dumbshit because Im a retard
now all I do is buy 125 bucks worth of BTC every week and I will keep doing that for the foreseeable future

Whats everyone's % portfolio is in bitcoin?

>>28893951
Sucker.

>>28894460
87%

Everything is crashing, m8.
I'll buy Bitcoin at the crash.

>>28893782
I know it can be nerve racking to send a big amount of BTC around. But transferring BTC is pretty simple.

Every wallet has a public key and private key. Public key is basically a wallet adress. When I want to send you BTC, I need to know your public key.

Private key on the other hand is needed to send bitcoin. If anyone knows your private key, he can steal your BTC, so don't share it.

A lot of hardware wallets also have a 24 words seed. The private key can be calculated by these 24 words (order of words is important though). So keep the 24 words safe and make sure they are written down on physical paper and don't save them anywhere digital.

On an exchange, you just have to write the public key of your hardware wallet and press send. Make sure it is correct and also make a small transaction first for testing before you send the big boy bucks.

>>28894460
100%

>>28894680
There won't be a crash - there wasn't a crash historically. After BTC reaches the final ATH, it'll go down 20-30% and crab for a year, probably going down to 40-50% of the ATH after and stabilizing around there until the next bullrun.

>>28892059
>>don't keep your btc in an exchange, buy them and transfer/store them offline immediately
Only worth it if the quantity is big enough, Binance takes a fucking 20€ fee to transfer bitcoins

>>28894460
50% in BTC because I got lucky with some alts. about 10% in physical PM's that I never plan on selling.
>>28894221
I did that the last bear market when it crashed and everyone was screaming tulip mania and ponzi and couldn't be happier now. I can guarantee there will be another bear market but I honestly have no idea what the floor will be, Michael Saylor borrowing money longing BTC is a little worrying but at the end of the day the volatility either way is bullish because it shows a truly "free" market.

>>28894460
20%

Thank you for this anon.

>>28893194
The only problem I have with this is the divisibility of bitcoin. As the smallest unit is 0.00000001 BTC i would assume that there needs be a few orders of magnitudes difference from an transaction and a mining fee. Ie. Transferring 1 satoshi "should" be cheaper than 1 satoshi and combined with the fact that miners at the limit are payed by fees and bitcoins low TPS

>>28894859
How long until you're a fullcoiner?

>>28892059
>>28893194
>>28893402
>>28894092
>>28894726
>>28894859
>>28894859
based, came here to post the daily and i found a great surprise
thx for spreading the message to newfrens

>>28896320
Depends, I think I might be able to have a full coin until the next bull run in 2025.

>>28896482
How high will buttcorn have to go before you cash out?

what if i want to take a profit so i can buy more during the bear market? all my savings are in btc and i can't just remain illiquid

>>28896841
You could sell some of it at a time, you just better be sure you aren't selling below whatever the new floor is lol. I honestly didn't think it would of hit 50k like it did, the breakout from 30k to 50k was insanely fast.

>>28892059
Does this look like reddit fucktard? Get the fuck out right now

>>28896094
2nd layer, 3rd layer etc aggregates

>>28892059
i fucked up fren, i planned to do this then tied myself to GRT staking so have to wait a month. hopefully GRT holds its current value so I'll have some extra shekles to buy BTC with.
forgive me

>>28896457
you guys are angels. i hate these horrible larping bitter oldfags that like to mislead the newfrens. bitcoin bitcoin bitcoin.

>>28897307
i'm thinking of taking profits around the next top when it goes above 50k usd and then just waiting until it dips and then buy more than what i had originally, which was my original plan

timing the market shouldn't be recommended but i really want to maximize my bags because i really, really want more bitcoin

i hope we all make it

>>28892059
bitcoin is a piece of shit taken over by blockstream, limited to 1mb blocks. It's functionally shit, and very obvious to anyone with half a brain.

bsv is gonna fuck it's world up. It already is when it comes to block size, transactions per second, transaction fees.

>>28898449

How will i get rich with 1k in btc now, at least shitcoins can 10x

>>28892968
If BTC reaches 1 million (not gonna happen and if so will take 7+ years) and you buy right now that’s only 20x

You can get that in a few months with literally anything else

>>28893194
Just out of curiosity do you think the Coinbase wallet is relatively secure?

Use shitcoins for earning more BTC in times like this when any retard coin does x10 . If you just stay in one place like this you won't win a lot

>>28898771
"Can" and bitcoin could still easily 10x in a couple years the same it was 3000 not too long ago. And whatever BTC you own will always be yours.
>>28898449
I don't believe he is Satoshi, the guy is sketchy as fuck and has been caught in exaggerated lies before, The dragon on BSV looks dumb, and BTC "Core" dies I will just be sticking with Monero from then on, digital currency shouldn't be dictated by courts.

>>28898943
Its ok for small amounts. As far as I know the funds are insured but its better to put them on a hardware wallet.
>>28898826
Yeah but its a safe 20x. Shitcoins on the other hand can go to 0 easily and you have to research a ton and check the prices all the time, also how do you know you picked the right shitcoins?

>>28899278
>I don't believe he is Satoshi

his behavior is sometimes odd, but think about why that might be intentional. If he is a total fraud how is he able to dunk over and over again on shit coins and the core team? BSV is doing incredible shit with massive GB blocksizes. It will be able to process the entire global economy. It will be truly a P2P transaction system with low fees, and fast transactions. It will have the ability to do anything any coin is doing on top of it's block chain.

>>28899675
>his behavior is sometimes odd
that's like saying a raving lunatic psycho murderer cannibal rapist is an "unusual character"

>>28892059
isn't the tech and application outdated though?
there's no chance BTC stands the test of time with substantially better alt coins out there
what happens when the mining goes to zero?
who validates transactions?

>>28899675
>If he is a total fraud how is he able to dunk over and over again on shit coins and the core team?
and that's like saying just because someone can dab on satanists he must be the second coming logically.

Imagine if there was an ERC-20 token with a fixed 21 million supply held in a smart contract, distributed proportionately to stakers over several decades at a declining rate, until all of the tokens had been disbursed. And that was it. That’s the token.

>>28899278
What is BTC "Core"? BSV seems like it's better at everything than BTC, but does BSV have privacy features? Monero is the best coin IMO.

I've been slowly DCAing the past couple of months to a tenth of a coin, but I may just ape all the way in. I know very soon BTC will hit 100k and once it breaks that threshold I can't see it dropping more than 60%

>>28892059
>buy Sat's weekly for ten years
>end up with 520 uxtos
>make ten million dollars and end up with 12 million in fees to consolidate.

Btc brainlets are retarded

>>28892059
I KNEEL

>>28892059
what if you only have 1000$ to invest? are you implying all you should do is buy BTC with it and let it sit there? i highly doubt that 1k will become 100millions in a decade, it will never happen.

>>28900118
Mining can't go to zero. If mining becomes unprofitable for miners, they will stop mining, making mining for the rest more profitable.
>>28900321
Simple is better. What else do you want?

>>28901052
well it's like this...
f(x)=x*4.6^10
f(x)=4,242,074x
if x is $1000
then f(x) is $4,242,074,000

>>28898826
>you can get a 20x in a few months with literally anything else
If you actually believe this you are retarded, sorry man

>>28902054
and before you ask it's because bitcoin has a historic return of +360% annually (+600% this year).

God I hope it drops again so I can accumulate more

>>28892059
It literally can't be that simple?

>>28892059
I've been putting 15% of my paycheck in since December.
I only have 0.150 BTC to date will I make it?

>>28902487
look at this >>28902054
you can do the calc put the number of years you want to wait to make it into the function

>>28899409
i know because i'm hung

>>28901052
It depends on how many dollars and other fiat the governments print. Bitcoin is like gold, but a truly fixed finite supply AND at the same time is INFINITELY better at storage, movement and divisibility. You cannot leave the U.S. legally with more than 20k worth of PM's on you, in fact you will be interrogated if you even try.

>>28902054
i'm a brainlet can you explain the formula?

>>28902293
It's about to dump to $30k again, hence the memes

>>28905374
So what?

>>28902073
stocks that 20x in last few months
tsla
ostk
nio
mara
riot
sos
gme
literally everything, even companies that are going bankrupt.

>>28905461
so you lose 40% of your money

>>28905778
only if you sell.

>ignores the only cryptocurrency actually in use as currency
>ignores the fact that nobody wants to use a coin where everyone can see inside your wallet

ngmi

came here to say one word

monero

>>28905170
it's not difficult
if something makes 360% annually (on average) then your investment expected value is 4.6 times original investment after a year
then 4.6*4.6 after 2 years and so on... 4.6^n where n are the years.
you multiply that with your initial investment and you get your expected portfolio worth.

>>28905374
i wish i could believe you retarded bobo fags the short play would be epic.

>>28906539
looks real bad on the price comparison chart.

>>28906835
>fear enters his heart as he begins to realize BTC support is around $15k and BTC will eventually bleed down after Biden begins reopening the economy in Q3 2021, thus falsely regaining the average consumer's confidence in fiat currency once again

>>28892059
daily blessing thank you once again

>>28907143
you are like the retards that called for $3k at $20k

>>28906761
thanks, that 10 looked kinda arbitrary and didn't get it

>>28908124
well you said in a decade...

>>28892059
I've noticed Litecoin shilled more frequently, is it really the "silver" to Bitcoin's "gold?" I was tempted to buy some this Friday, but I'm in doubt with what the future holds for that coin. I'm just gonna stick to my strategy of stacking sats in the meantime...

>>28908124
this is why people say bitcoin is an asymmetric bet. you can bet very little to gain very big. thus you limit your risk without truly limiting you gains (only it takes a bit longer).

>>28908417
well silver is a shitcoin and lightning is a shitcoin so maybe

>>28908417
well silver is a shitcoin and *litecoin is a shitcoin so maybe

>>28894092
s2f is bullshit. im a bitcoin maximalist but i don't buy that shit at all.

sure the current model, which was conceived in 2019, explains all past rises and falls, but so much movement now and in the future will be about news, adoption, trends etc. and less and less about mining. we will soon be dealing with the feds strongarming crypto and it will get messy.

hold strong. don't rely on a dumb fucking chart, use your brain. bitcoin is better.

>>28892059
Thanks, bro. I needed some validation to buy the literal top. Godspeed.

>>28909411
>s2f is bullshit
but the chart itself is worth gold it let's you know when you should be selling not at what price of course if we go up too fast or too slow you will see it on s2f and adjust your exit strategy.

>>28908673
Fair enough.

Also, a question about your calculation for future gainz. Aren't those numbers really high for BTC? I'm very bullish on it as well, but I'm pretty sure $1000 invested now won't be worth literal billions in a decade. Pic related.

>>28909978
it's based on historic returns which can go down.
if you think 150% will be the future average returns you can adjust the formula to a multiplier of 2.5 instead of 4.6.
that will only give you 9,536x

>>28894460
83

>>28892059
Based.
Missing rule 1...
>There is no top, accept it

>>28894460
crypto wise 100%.
i like the risk reward i'm comfortable trading it too hard to get a feel for the moods and fundamentals of a new coin even if i wanted to.

>>28892324
Pray for those who have no arable land. Enjoy your bits, faggots.

>>28892059
I see you shilling this every day and just wanted you to know you are doing gods work.

>>28910665
Why not have both?

I'm throwing 5k of my wagie money in I'm so tired bros

>>28893289
like 5 bucks, 10 if things are super crowded

>>28893867
the chadfolio

>>28895208
most people would probably call a 50% drop a "crash"

>>28905696
to be fair riot went 20x because they hold lots of bitcoin

So what happens if the 50k resistance cant break within the next 24hours? The entire crypto market gets fucked for a year

Why is having it in an exchange bad? I have a little btc in wealthsimple should I cash out? It's only a few hundred CAD worth

>>28912415
You never know what's gonna happen, especially over the long term. Put it on a hardware wallet, keep the seed safe and just forget about it for a few years.

>>28912415
Tiny, miniscule risk (bankruptcy, fraud etc) but you have no reason to take that risk.
If you hold it in a personal wallet all the risk is your own responsibility (Don't lose it, keep your seed secure) on an exchange the miniscule risk is completely out of your control and you can't mitigate it.

>>28892059

>>28894460
60%. I’m going for 60 BTC-20 ETH-20 reliable alts

>>28912415
Apps like Wealthsimple and Robinhood are retarded for crypto, don't use those, you don't even own the coins, you're just paying them to say you do

>>28912550
>>28913008
>>28913806
Fair enough, thanks
I'll use binance until I get a ledger

>hits 50k TWICE in one day
literally no fucking point in shitty altcoins now