/biz/ - Business & Finance

Many of us are on the same quest Anon, and there are paid shills that post here to milk that fear. Don't FOMO into anything, you have to research and watch out for scams.

>>29083659
what are some good things to read for a complete noob? i'm only on day 2 of being here

>>29083824
I seem to be doing ok with sniffing out the scams from the genuine ones. I got lucky on one a few weeks ago with a moon shot but not sure I can replicate that again. How do some anons on here pick the moonshots so well?

>>29084033
To be honest I'm still learning myself, but I've been using Twitter alot recently to follow people smarter and more experienced than I who research lowcap defi gems (moonshots). Ideally you'll want to learn what they're looking for so you discover these things yourself before their organized pumps happen. Adamhodl has been solid for me

>>29083659
I'm in the same boat bro, we're all gonna make it

>>29083659
I'm an old fag. My advice.

Don't get greedy, take out your initial investment once you're 4x up. This will give you stronger hands going forward and you won't panic when big corrections come.

ALWAYS buy the bear market no matter how out of fashion crypto becomes and how many people tell you it's shit and laugh at you. Reality changes real fast.

>still racist, though

Keyed

>>29085054
Solid advice. Definitely got greedy and gimped myself out of a good pump.
What would say is the best moves from here. Should I diversify into coins like ada and eth etc or try search for another potential moonshot?

>>29084218
Got anymore twitter recs?

>>29085054
Do you think there'll be a bear market for this stuff now? It seems pretty high profile, although a lot of people don't trust it as moneh.

>>29084218
>Adamhodl
Thanks for the tip anon

>>29083659
Chonk

BUY 3K WORTH OF LOOM

>>29084033
>I seem to be doing ok with sniffing out the scams
everyone is a genius in a bull market. unironically neck yourself. hope you lose everything (you will)

>>29086669
I said im doing ok not that im a genius. I got burned on one but only a few hundred. This is why I'm asking for advice

>>29085552
Say you have $50KUSD. Small market caps with small followings and small teams are too risky an investment. Therefore BTC is best or ADA if you want more risk.

If you have $1kUSD then you obviously want more risk to take advantage of the bull market therefore maybe split across 4 low cap coins. The lower you go down the market caps then the more you will want to diversify as the chances of rugpull or zero moonshot happening increases. You will always kick yourself for not going all in on the one coin you have that goes 10x but at the same time you want limit the damage of rugpulls and the opertunity cost of being all in on a decent coin that just refuses to pump.

>>29085552
>>29087938

This ^

> 23yo poorfag student
> broke as hell, the ramen type of
> at least german so studying and basic needs are paid for and no debt thanks to goverment
> invest $350 I don't have into crypto (dezember)
> have luck, ride some waves and accoomolate $4000 bucks in crypto.

Learning more about finance you can't help but realize one glaring fact. 99% of earth is monetarily enslaved by corrupt systems in order to put shiney plastic gizmos in front of first worlders who are amused by them for about 2 minutes before promptly being discarded. We are burning through finite resources to create McDonald's toys, bottled water and dragon dildos and pollute the oceans with them too. We have had the tech for post scarcity ages ago. Corporations do things like incinerating their unsold merch just so their brand won't be donated and seen in the unsightly hands of the poor, thus cheating their image.

The deeper you go into finance the more and more absurd the rabbit hole gets. Money is complete fabricated nonsense, back by collective willful lies. So the only logical moves are eithier not to play, indulge fully in the consoomurist fantasy or embrace the absurdity of Internet chuckie cheese tokens and become phenomenally rich. The world is a circus and it is good to be a clown.

This is the most money I've had for years, but for most people it's literally nothing. I really cant take being poor anymore.

>>29087938
Thank you anon. This is exactly what I needed. I feel like I am too poor for high cap coins right now. Time to do some research on some low caps and hope I pick some good ones

>>29088754
Brah IMO the "money's not real" idea misses the point. Is status real? Power? Just because there's no intrinsic meaning doesn't make the meaning "not real". Words are another example: there's nothing intrinsically meaningful about the sounds but with collective agreement their symbolism becomes real. How is money any different? It isn't.

The deeper you go into rationalism (i.e. reading the likes of Kahneman and Tversky and their many baton carriers) the more you will see that just about all of our existence is built on attributing meaning. It's not just words, it's not just money. Very few things are "real". If it wasn't this way we'd still be living like animals in the jungle on pure instinct.

>>29083659
Look into buying orchid mid March, they’re having a privacy summit at the end of March and I expect there to be some Fomo and a nice spike in the price. Also ignore the SENT posters, I held that shot coin for a year and all it has done is crab. Look into the team of a product, always look at the team.

>>29084218

Never chase pumps, anon. I got burned hard last year and now owe a few grand in taxes.

>>29088754
read "the bitcoin standard" or Rothbard's "what has government done to our money" if you don't want to be confused about the subject... You can find both books for free easily

>>29090016
This looks very interesting. Found something similar but I need to look into more

>>29086369
DELETE THIS I DONT HAVE ENOUGHT YET FAGGOT

>>29088754

>makes $4k in Internet money and thinks he's fucking Neo from The Matrix

>>29091407
let him learn anon

>>29083659
>>29084033
just from these two posts. ygmi fren :)

>made it thru college
Oof. I just needed a few more years for my brain chemicals to mature..... fuck.....

>>29083659
Only things worth FOMOing are BTC, ETH and BNB

>>29083659
>What coins should I put my 3k into to get me to at least 10k in 2 months?
For me it was ol' reliable Chainlink, it was Sergey who blessed me with entering 5 figures, hopefully it can continue.

>>29092590
Am I not too late to chainlink?

>>29086369
How far do you realistically think it will go?

>>29088754
I think you may have more to learn than you think. Get into stocks, bonds and commodities if you really want to go into the rabbit hole. Anyway you are not wrong for the most part, capitalism is slowly eroding humanity's sanity and at the moment there is nothing we can do about it. Being poor won't make it better either so better to just embrace the madness and make wealth(that has value like bitcoin and gold) in every way you can, so that when the tide changes you will be ready brother.
>>29089941
Power is real though.
If money has actual value then it is a kind of power and therefore real, problem is the debasement of fiat(which is inherently manipulatable) which makes it worthless and therefore not a goof source of power.
Decentralized money solves the problem.