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/biz/ - Business & Finance

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56740735 No.56740735 [Reply] [Original]

I have 30k in crypto (down from 250k years ago)

Should I just sell it and invest in vanguard index funds?

>> No.56740918

>>56740735
uhh Yes.

>> No.56741225

>>56740735
>selling before halving and ETFs
Wtf

>> No.56741239

>>56740735
Maybe put at least 25k in IVV and then gamble with the other 5k on Bitcoin. This way if BTC shits the bed again you'll at least have something left

>> No.56741248

>>56741225
>>BTC built it's price based on scarcity. The halving cycles cut the block rewards in half, thus creating more scarcity, which drives the price up. ETF's will completely eliminate that scarcity once and for all. Let that sink in.

>> No.56741322

>>56741248
These words are true and people on /biz/ will refuse it until they get WRECKED. You know, /biz/ hated BTC back in 2011. They absolutely rejected it. Once BTC loses it's scarcity and perceived value, it's game over. BTC controls the ENTIRE market. What will happen when it goes to ZERO?

>> No.56741356

>>56740735
Yes, leave biz behind and go to the Bogleheads forum if you want actually sensible investing advice for the long term.

>> No.56741360

>>56741322
It isnt.

>> No.56741396

>>56741360
lmfao dude I've been into crypto before it was crypto. It was just BTC. Back when it was a janky ass wallet and my shit core 2 duo mined BTC at $0.09 cents per BTC. Enjoy your delusions.

>>56741356
Do you really want the people of /biz/ to know about bogleheads? I appreciate you spreading the word, don't get me wrong; but /biz/? Imagine that board ruined with these fucktards. No. Bad dog.

>> No.56741409

>>56741322
>increased demand/channels to buy will decrease scarcity

>> No.56741414
File: 75 KB, 1304x655, DOGE.png [View same] [iqdb] [saucenao] [google]
56741414

>>56740735
Lend it out to a greater fool.

>> No.56741432

>>56741409
>increased demand/channels to buy will decrease scarcity

BTC ETF's will completely eliminate the scarcity that is BTC. Circulating supply will no longer matter. You really are a dumb nigger. No scarcity = no value. BTC controls the ENTIRE crypto market. It goes to ZERO, it ALL goes to ZERO. Simple as that, Anon. Have you ever seen the ending of the movie Fight Club? That will be me watching everything burn to the ground.

>> No.56741465

>>56741432
>BTC ETF's will completely eliminate the scarcity that is BTC
the fuck you mean stupid bitch, have you heard of satoshis?

>> No.56741487

>>56741465
Did I upset you nigger? Is the truth too hard for you to digest, nigger? If you've read any of my posts in this thread, then you'll know I've been around since the start. You can cry all you want but this is reality you stupid nigger faggot. I bet you like big saucy black cocks and little asian cocks you nigger faggot.

>> No.56741488
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56741488

>>56741465
>have you heard of satoshis?
I heard they are cheap to borrow.

>> No.56741494

>>56741487
have a good day and don't forget to take your meds

>> No.56741541

>>56741396
I was too. It could be that you are also very low IQ. I don't know your situation so I don't make assumptions.

But everything that you bragged about yourself in that comment of yours that you think makes you so special... I literally did the same, even earlier.

>> No.56741554

>>56740735
Who do you give up so easily? You're a disgrace to your ancestors!

>> No.56743315

>>56741414
How does this work

>> No.56743323

>>56743315
see >>56742482

>> No.56743327
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56743327

>>56740735
>invest in vanguard index funds?
Definitely do this. You can then probably retire at 65

>> No.56743810

>>56740735
Never sell in loss, DCA if you can. And try to buy tokens with good pump potentials like QANX

>> No.56743817

>>56743810
terrible advice should have sold at 10% loss

>> No.56743827

>>56741248
ETFs will increase demand while supply is fixed...

>> No.56743836

>>56740735
wow, did you live 250k years ago?

>> No.56743921

>>56743817
Never Invest more than you can afford to lose
>>56743810
Made 3x on that this year

>> No.56743962
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56743962

>>56740735
Yes, sell at the start of a new bullrun to invest in an instrument which sells you a basket of companies you could have bought yourself, 99% of which you wouldn't buy in the first place.

10/10 financial strategy, normiebrain.

>> No.56743972

>>56743836
>99.6% loss

Shitcoins, obviously.
There's no better way to wipe out capital than bagholding shitcoins past their expiry date.

NEVER baghold shitcoins.

>> No.56743990
File: 21 KB, 494x365, LINKtoBTC.png [View same] [iqdb] [saucenao] [google]
56743990

>>56743972
>NEVER baghold shitcoins.
What if someone else holds them for me?

>> No.56744014
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56744014

>>56743990
>Surrenders his shitcoin for X amount of time only to get paid what amounts to less than bank interest
>Without the actual security and stability
>Doesn't know what a risk premium is

Somehow even dumber than OP. Congrats.

>> No.56744024
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56744024

>>56744014
>borrow 1 KAS
>lend it out on margin for 10 LINK
>lend that out on margin for 100 DOGE
>lend that out on margin for 1000 USDT
>cash out in BTC to hardware wallet and fuck the collateral
Its awesome.

>> No.56744473

>>56741248
How exactly does an ETF eliminate scarcity? The ETF itself still needs to hold Bitcoin - if anything, this should increase scarcity because big boys with more money than any of us idiots in crypto will snap up a bunch

>> No.56745007

>>56741322
>What will happen when it goes to ZERO?
i will slurp the dip