/biz/ - Business & Finance

5x!!! That's a cool $40 you got there son.

>>30399792
everything is either fudding or shilling, no exceptions
The motive behind the shilling/fudding is irrelevant

I took the advice and put everything into one coin. It’s boring, so I threw more fiat into 8 coins at a much smaller scale so I have something to trade

>>30399792
because it works!! dummy

>>30399792
Enjoy your double digit gains while I sit here and 5x my sack.

>>30399792
>countless newfag poors with 3-4 digit "portfolios" flood /biz/ with their irrelevant poorfag bullshit, absolutely tanking the quality of the board
>they spread their 3-4 digit stack into 10-15 absolute shitcoins, hoping "for that 100x bro!"
>try to get them to buy a select few coins and hold so they will stfu and stop ruining things
>>why are people in portfolio threads like that?
mfw

Diversification as a strategy is for lazy people who don't want to think and want to minimize fluctuations in their portfolio balance, not for people who want to make money. It's a defensive measure, not an offensive measure. You CANNOT become rich with a diversified portfolio. What people don't realize over the last 40 years is that stocks are now all correlated to each other and federal reserve pumps, so diversification is always going underperform meme bluechip stocks. Basically, the game is rigged.

With crypto, the game is less rigged, but diversification isn't protective because most shitcoins just go to zero. The lazy strategy doesn't work in the presence of so many outright scams. The safest strategy is to just dump everything in BTC because it has like 80% dominance of the entire cryptospace. If you want an aggressive strategy, you'll look for obvious pump and dump scams and get on early, get a safe 20-50% gain, then get out immediately and wait for the next one. They happen every week so it's not a big deal if you miss one or two and you're patient. Alternatively, if you can identify a really good project really early, you can buy a bunch and hold it for a few years and catch a 100x that way, but it takes YEARS. And you have to not sell. ETH and LINK believers fall in here, and I think PNK is the next big one.

>>30399878
>so I have something to trade
you will trade your portfolio to a 50% loss while the market is up 5x, chasing pumps and selling into the dump
this is why anons are telling you to stick to a view selected coins

>>30399792
Your portfolio is a testament of your poorfaggotry, retard. Instead of researching and choosing a quality project you're convinced will perform well, you're just spreading your dumb shit all over the place.
What kind of gains are you expecting by putting 10 bucks in every coin on exchange? Sure some of them will moon, but some will crab and some will dump. Your profits will not be even worth it in the end.

>>30400798
>what is marketcap?
Fucking retards I swear

>>30401195
>ONE EXTREME IS NO GOOD THEREFOR THE ONLY ALTERNATIVE IS ANOTHER EXTREME
Seriously though why are there so many imbeciles who think this way?

>>30399792
>only people with 6 figures are allowed to diversify!
I’ve unironically consolidated into high liquidity and lower amount of tokens after reaching six figs. Anyone else?

>>30399792
are you actually retarded

>>30399792

Because we’re tired of seeing faggots with fractions of sub-$10 coins. Seriously most impoverished faggots on here, just like 2017, have $5 worth of every single coin on coinbase. All that diversification is good for making sure 9/10 coins in your portfolio end up in the shitcoin graveyard in three years

>>30399792
>Diversifying under 6 figures
Cya next bull run anon, or will you just give up the crypto dream?
Tbh, if you "diversifying" doesn't mean putting at least $20-50k into a new coin, then don't even bother.

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̷̼̇Y̵̺̑ȯ̷͇ű̸̺ ̴͙̈́a̵̠͋ŗ̸̛e̵̢̍ ̴̡͗p̸̯̆ẽ̴̻r̴̩̃f̴̬́e̶͕͆ć̶̬t̸̤͐ ̷̗͝
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̶̬̔I̸͈͛'̴̙͝m̸̼̏ ̴͑ ̴̻̈ ̷͍̌ ̵̢̋ ̷̢̎b̸̗̀r̵͍͝ó̵̪k̸̜͌e̷͍͂n̶̼̾ ̶̘͌ ̷̯̂I̵̳͐'̸̳͆m̷̡̿
̷̱͝b̶͖̉r̵̼͘o̸̞͠k̶̢͒e̶̳̊n̴̻̐ ̴̘̒ ̶̩̋Ỵ̷̾o̶͋͜u̸͙͊ ̴͙̂a̵̯̍r̸͔͆e̴̼͆ ̴̧̓p̷͍͠e̴͍͐r̶̘͠f̷͇̀e̷̙͊c̴̛̼t̴̪͑
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̵̬̒ ̶̰̾ ̷͔͋ ̸͓͠ ̸̜͆ ̵̜̏ ̶̹̄ ̴̯͆ ̸̹̿W̷̡̏e̵̟̾ ̵͇̔á̶̟ṛ̵́e̷̻̋ ̵̯͊ ̷̛̞ḃ̶̹r̵̯͆ò̴̢ḱ̸͇e̶̢̓ń̸̗
̸̤͌ ̷̩̏ ̷̧̀ ̵͓̚ ̵̨ ̴̪̓ ̶͕͘ ̶̞́ ̵̈́͜p̴̫̕ë̶̗ȑ̸̩f̵̬̽ḛ̷̃ĉ̷̫ẗ̶̰́

B-but what if I believe all the coins I put money into will moon because they are good projects

>>30401845
Then pick the coin you think will moon the hardest.

>>30401609
Nothing wrong with that. I was a bitcoin maxi for years just calmly DCA'ing in after the 18 crash, and that alone took me halfway through 6 figure hell. Now I'm "diversifying" by shifting my DCA into other coins (I got a LINK suicide stack and a PNK ascended make it stack). My next buy is XMR and I'm going to start mining XMR and ETH on my new PC build.

Every other crypto I've looked at looks like shit except MAYBE LTC, but I think XMR is superior.

>>30401575
Yeah, I didn't explain it well enough. Didn't mean to say invest only in 1, it's relative to the size I guess, but I don't see the point of diversifying past a few if you have a small folio. Surely you've seen threads with low 4 digit folios with ~10 different coins.

>>30399792
my brother does this dumb shit, he has $500 in coinbase spread out over like 20 coins in $10-$20 amounts. occasionally one of them goes up 20% and he gets a cool $5 profit, he is happy though i guess

>>30401904
You rang?

>>30399792
I was basically all into Chainlink and I wish I would have diversified more. I started buying more coins a few months ago but haven’t really made much. I have 5 other coins. I think I was too late. I have about $95000 in Link and like $10,000 between the other 5.

>>30402051
Deposit link to aave and take a loan.

>>30401845
Then you're retarded

>>30402051
Based Florence

>>30402092
I think I’m going to do that. What do you think I should get? I was thinking about some Algo and AMP. I actually have to take a loan because my job got eliminated Friday. What is the interest if I take a loan out in a stable coin?

>>30399792
>you are way overdiversified!
>>only people with 6 figures are allowed to diversify!

Concentration builds wealth and diversification maintains it. If you have $5000 or less make sure your due diligence is superb dump into to 1 or 2 tokens MAX and then sit and wait 12 months. Its boring but this is how you 100x. You find a golden goose and let her lay you some eggs.

"The concerns which fail are those which have scattered their capital, which means that they have scattered their brains also. They have investments in this, or that, or the other, here, there and everywhere. “Don’t put all your eggs in one basket” is all wrong. I tell you “put all your eggs in one basket, and then watch that basket.” Look round you and take notice; men who do that do not often fail. It is easy to watch and carry the one basket."---Andrew Carnegie

>>30399792
Many of us are from a time where going all in on LINK at as low as $.13 was the most sensible option and people were putting $130 into random shitcoins back then too.
I'm glad investing in LINK early prevented the need for shitcoin chasing.

>>30402249
>because my job got eliminated Friday
Get that stimmy senpai.

The loan interest is super high, like 9% if you are lucky.
>What do you think I should get?
[REDACTED]

>>30402429
Do you think I should take a loan in something other then a stable coin? If so what?

>>30402488
Nah, that's a chances game, just get stable coins.

>>30402511
Yeah that was way too high risk for me. What happens if I take a loan out for like 3 years and I don’t pay at the end of 3 years? Does it get rolled over or will by Link be liquidated?

>>30399792
I find that overdiversifying leaves one w pretty weak gains. As in if you have 2k, spread it in 8 coins (250/coin), even a 100% will be limited to just that one coin. Even if maybe 2 make +100% you only made 500 in this example. Plus whatever lower pumps happen in the other ones.
If you choose 2-3 coins you magnify that 100% across the trade. Generally, youll also be better acquainted w the price action of each coin and be able to time positions better.

>>30402718
Well overdiversifying is definitely going to lead to lower gains, the point is to limit the fluctuations of your entire portfolio. But bigger fluctuations can lead to higher gains as well as higher losses.

>>30402875
I guess it depends on how much time someone is willing to spend trading it too.
If trading I would not want to diversify, if you just want to stay comfy and open your portfolio in a couple years diversifying is a better call. But even in that case, I would definitely concentrate the money on fewer coins with better potential.

>>30402980
Yup. I have most of my money in index (boring) funds, and I watch my retirement grow comfortably. But started day trading crypto with only a few grand and I'm already way up, it's fun.

>>30399792
>>you are way overdiversified!
>>only people with 6 figures are allowed to diversify!
>>just pick 2 or 3 coins that will 5x this run!

Ask me how I know you're poor and will still be poor in 5 years.

p.s. 2 or 3 coins is still overdiversified, lol

If you are buying lots of coins on etherium network youre gonna get raped by gas fees a lot more by going into more than ~4 coins.

Unless your principal is huge, then you can pretty much do whatever you want lmao

>>30399792
It's easy to make it if you have a dayjob that can fuel your money. Take risks until you make it to 6 figures. If you're a NEET then your life will be a hellish gamble of fear.

Diversification for the sake of diversification is incompetence and indecision disguised as protection

>>30399792
diversification is advice for people who are risk adverse and prefer slow and steady gains. It works best for people who want to GROW money they already have earned. However if you are poorfag, especially bellow 5 figures, your main problem is that you have no money to grow. It means you must embrace risk as a way to EARN money. Forget diversification in that case. If you buy 5 coins, one moons, 3 crab and 1 dumps, congratulations, you basically did nothing. Your best shot, frankly, is flipping shitcoins until you have some actual big boy money you can invest into a low cap coin with high potential on the medium to long term. Only after your first succesful moon mission would it make sense to diversify. Also, DYOR

>>30403436
I'm using my day job to fund investments. Probably be soon that my investments return more than my job income.

If you have less than 4 figs at this point in the cycle it doesn't matter what you do. Just give up. You're an embarrassment

>>30400307
i started out like that then yolo'd my 5k networth into rubic at 2c. now im in 5 figure hell

>>30401723
Wtf is your problem anon

>>30403548
Can you spoon-feed me a coin please anon I only have losses

>>30399792
i diversify to hedge against my own ignorance. i'm a security guard. i know i'm not smart compared to most people. but i also have iron hands and the ability to budget consistently. so i consistently invest and spread my money around in a diversified manner. it's worked so far. i'm not losing money and i'm somewhat ahead of the market's overall annual return.

I put 10k into 20 different shitcoins. I know have currently 106k.

>>30399792
it works dumbshit.

>>30403868
Now* anyways, fuck you niggers. Most shitcoins go to zero, it be foolish to go all in on 2-3. Spread it around, pick and choose some you like and always hold bitcoin.

>>30399792
>not going all in on 1 shitcoin
NGMI

>>30403480
It's also dogma taught to idiots. The epsilontheory guy is a good example of someone who really got brainfucked by teachers who misunderstood the point of diversification.

>>30402249
try RBC

>>30403868
Now here’s the way I look at it. If I had aped into ADA with the 10k at .17 cents when I originally bought I would only have around 65k right now. If I had aped into chainlink at 3$ When I bought at its peak I would’ve only had 120k. It’s way easier to diversify and catch the entire crypto trend than gambling on one shitcoin.

>>30403983
Do you really think that most all the Shifcoins will go to zero this time? I feel like most of the ones on CoinBase have been vetted enough they will at least survive the next Bear Market

It definitely depends on your size and also what you're willing to throw away. if you have 4 digit folio but also willing to add another $1k into a random shitcoin, and now you have like 4-5 coins, shouldn't really be an issue, when you have like $10-$100 in every coin you see is when this is a problem

>>30403743
My main position is RSR which I bought in 2019 for fractions of a penny. It is still a good hold, though it has much less of an upalside potential now than it did in 2019. Something under the radar that already mooned a bit but still has potential is LGCY. A tron fork, that probably will never join the big leagues, but still have good upside left in it. At the moment, I am also mining Egg on the BSC. It is basically a ponzi sushi swap clone, but the yields are simply too good to ignore. Other than that, I've been reasearching into Oxen and opium. Those are low cap gems, though I am not yet sure if they are the best and most promising out there. TBT

>>30401575
>has tiny pathetic 3-4 figure portfolio
>12 different shitcoins
>goes to ask 5-7 figures chads for advice
>"dude just buy one good one, all in is how i got where i am"
>REEE OVERDIVERSIFYING IS FINE IM NOT LISTENING TO YOU NPCS

>>30404287
Unless this is actually some retard super cycle like the biznach bros say then we’re going to fuck all lows again when we enter the bear market. Everything’s gonna get blood bathed, even Coinbase shitcoins.

>>30400798
boss comment

tfw diversified into 47 coins

>>30404439
If you weren't here buying LINK in 2018 what the fuck else were you doing.
It worked for literally everyone.

>>30405097
How does it feel to baghold 45 coins

>>30399792
Because /biz/ is retarded and either expects you to have complete prescience, or they just don't understand very basic maths

>>30402596
Time is only a factor on Aave insofar as interest is concerned. You never have to repay that loan as long as your account health remains above 1.00.

>>30399792
I have literally 4 positions in my portfolio:
1 EM ETF 10%
2 Stocks 15%
Bitcoin 75%

Call the police anon. Diversification is a meme. You have all the downside of volatility in market crashes ans downturns but none of the upside of pure growth/"""speculation"""

>>30400798
this
im still poor but ill be holding RSR for probably 10 years
at first I was 5050 BTC RSR but now ive decided to put half of my btc into rsr and the other half ill use to buy an upcoming ico that looks really promising
the only reason to ever buy a shitcoin is for a pump, it makes no sense not to go all in if youve determined that youre early enough on something that will garner hype within your determine timeframe (it seems like a lot of poors also dont determine timeframes for their investments). Basically when poors diversify it just comes down to laziness, a bad eye for shitcoins, fomo, and sometimes indecisiveness. People are fucking retarded

>>30406298
How Will it feel to baghold 75% of your portfolio?