/biz/ - Business & Finance

>>55864877
its better to buy bitcoin on 2x leverage than to buy some random asscoin.
even 1x is worth it. 2x is better since we are all impatient poorfags here

>>55865277
How do you in leverage?

>>55865334
frankly, keep doing what you are doing, BTC and ETH are good stuff.
if you want to spice it up, you find an exchange with futures and you bet 2 times more than what you have.
if you have 500 you bet as if you had 1000. that is 2x leverage.
NOTE: if you do this, you are not a custodian. you dont own the coins.
most people who buy the coins on spot market dont own them either until they transfer them out of exchange.
if you want to come back in 10 years, you are better off buying on the spot market and keeping them somewhere else like your own wallet with a printed paper wallet with a copy or two that you give to someone you really trust, like someone in your family.

on the other hand, if its just 200 bucks, you might as well go with futures and some leverage.

>>55865334
in any case, DCAing is wise and if you have the patience to do it, all the better.

>>55865334
if someone tells you they have a guaranteed moonshot, they want you to buy their bags.
sure, some guys get lucky like buying Link when it was cheap but most cryptocoins lose their value in a big way against bitcoin.
hoping for an altcoin bull run will drain your soul in the long run

>>55865397
>>55865416
>>55865431
Thank you fren. What are your thoughts about Boomer stocks by the way? I'm thinking of opening a Fidelity account and slowly investing on there too

>>55865670
i dont know, some of them are not bad.
there is more opportunity in stocks to actually do your own research, fundamentals tend to matter more.
is just classic principles.
if a company is good, the stock will follow.
make sure to keep up to date on earnings, lawsuits, partnerships.
if thats too much effort, then maybe try to find an index like nasdaq or something.
indexes are managed by jews like standard and poors, (sp500). nasdaq, i dont know who manages that but they usually take out the bad stuff and put in the good stuff on a regular basis. so, most of the work is already done by someone else.

right now? i cant tell you. wait for when there is really alot of panic, like panic is off the charts.
like if the VIX suddenly jumps to like 25 or 30 something, then you go in.
same thing applies there, DCA and spices it up with some leverage if you dont have much money. leveraged sp500 is not bad.
except for bear markets, it tends to give a nice graph.

there is some uncertainty right now, dont do anything too drastic today or tomorrow.
you know the saying, when there is blood on the streets, when fear is at a maximum, that is usually a good moment to scale in and continue to scale in as things pick up steam upwards except, there is not enough blood on the streets yet.
but then again, you dont want to waste your time being a permabear who only waits for the drop.
at some point, you have to pull the trigger.
wait until next month. the market is not going to disappear and you might get a better deal.

>>55865670
whatever you do, keep your head cool.
the best way to keep your head cool is to bet carefully but you seem to have gotten that already since you are DCAing.