/biz/ - Business & Finance

>>57967031
I remember when I was 20-21 I bought a coin and I was sure in 1 year I would be a millionaire now I'm turning 24 soon and I'm into shitcoins which might help me to make it but man time flies

>>57967184
yeah i’m new to /biz/ and it seems like everyone here likes crypto but i’ve always known it as being called shitcoin for a reason and to not fuck with it

>>57967031
>by the end of this year?
impossible.

>>57967314
No risk no reward, you'll never make a million from 3k through stocks and options.

Go 1/3 Linu, 1/3 Hokk, 1/3 Lucky.
Gl fren

LINU, LUCKY, HOKK or maybe TOSA and hope it hits 50bn otherwise you’re not making a million. I think you could 10x that pretty safely with dog coins but yeah shitcoins got that name for a reason. I think for sure LINU isn’t a literal scam, can’t speak for the others. But getting in at TOSA 150k market cap you’d be a millionaire at 150m MC which isn’t a ton, just have to hope it picks up a moderate amount of attention (and isn’t a scam)

>>57967317
eh i was exaggerating when saying that kek

realistically i was hoping by early 20’s but i should’ve also showed where my current portfolio is at i started investing in october 2023 for reference

>>57967421
where can i invest in these is it not available on robinhood?

>>57967423
More like mid 20s and only if you keep wagecucking and buying bluechip cryptos.
>>57967483
you have to learn how to self custody your shitcoins.
go look up how public and private keys work.

>>57967509

could i do this from coinbase?

also another question since i know crypto is ripe with scams do you guys know anywhere i can get reliable information beyond you bros?

>>57967031
Get in here anons. Someone make a tg
>2k market cap
>LP is burnt

A2YCs7b2BCH6UkKEh7F75TLZeUjjwMg3xFF7XxD9wWvk

>>57967031
Just buy linu. Seriously

>>57967545
coinbase is a centralized exchange, they can take your money or lock you out anytime they want.
not your keys not your coins.

>>57967590
you gotta research yourself but even the best research cant prevent you from getting rugged on shitcoins.
there are many things you can do to mitigate that risk tho.

>>57967662

man how the hell do you guys do this lmao this shit sounds so fucked

>>57967031
chainlink
truebit
rlc

ok i’m reading up on it, this guy brian jung on youtube seems like a good enough guy any opinions on him here saying he’s shit?

>>57967720
literally all you have to do is read some stuff and learn.
even if you invest a couple hours a week, it wouldnt take you long to figure all this out on your own.

>>57967821
Never listen to any faggots on youtube or twitter or whatever.
If you actually want to make it you have to do your own research and learn all the shit yourself.
I know its easier to just follow what some retard tells you but it never ends well.

>>57967870
i get what your saying but where do i read up on this shit like i assumed some article by forbes or whatever would be equally unreliable to some youtuber

>>57967897
lets start from the beginning and work towards present day:

start by reading the Bitcoin Whitepaper.
once you read it and understand the basics of it you can move on to the Ethereum Whitepaper.
once you read that you will realize the Potential of Tokenization and Smart Contracts.
after that you read the Chainlink Whitepaper which will explain to you how off chain data gets securely onto the Blockchain and why it is needed for more advanced dapps.
when you did all that you can move on to DeFi (Decentralized Finance).
This includes decentralized exchanges (so you dont have to trust coinbase niggers), lending etc.

the next step from there is to research other Layer 1s Smart Contract platforms (Avalanche, Solana etc.) and Layer 2s.
if you done all that is when you should begin setting up your wallets, securing your private keys etc.

I estimate if you really put your brains to it you could learn all this shit in 1 week.

>>57968007
this is something i can get behind thanks

one more thing though like is crypto really the only way? not options not investing not going to the fucking casino like is crypto really the best method of accumulating wealth fast?

>>57967031
>by the end of this year
lol. lmao even. kys delusional zoom zoom. you'll be stuck in that miserable life forever

>>57968089
its all about risk management bro (also something you should look into) and "fast" always means high risk of losing everything.
asuuming you can manage your risk then with cryptocurrencies you can do it in 5 to 10 years with relatively low risk.
but only if you know what you do (self custody/keys/spotting rugs/getting a good reliable APY etc.).
through DeFi it also allows you to leverage your entire portfolio and you can actively manage these positions without a 3rd party jew.
Also in Crypto and generally speaking in trading and investments the people that win are the ones that have the most patience and who can control their feelings of greed.
If you learn how to control that you can easily make a couple million in under 3 years simply by growing your stack in a disciplined way.
dont view any of this as a lottery ticket tho its not because its much more than that. it can teach you the psychology of making it but only if you put in the work.

>>57968346
>Also in Crypto and generally speaking in trading and investments the people that win are the ones that have the most patience and who can control their feelings of greed.
If you learn how to control that you can easily make a couple million in under 3 years simply by growing your stack in a disciplined way.

this is an interesting line like since on one hand i want it to be true but on the other i don’t know if it actually is lmao

>>57968481
its all true but its not free, you have to put in the time and the work and you need the patience of a monk and be sharp in the brain and grow a sack but its all doable.
there is also a chance you can spot opportunities and narratives early and make it big and then just funnel that into sources of passive income which exist in web3.

>>57968834
lmao i feel like i’m on /adv/ now but how do you maximize you’re time in learning things? by that i mean not getting burnt out and maintaining the information sometimes when i’m trying to learn about options i feel i have a good grasp of it but right when i go to buy the contract i second guess myself and feel im not ready yet

you seem well spoken so while i don’t know your background i’m gonna assume your not just larping as a successful person and are actually doing well for yourself

>>57969028
>about options i feel i have a good grasp of it but right when i go to buy the contract i second guess myself and feel im not ready yet
when you make a trade you need reasons and a plan for that trade. you have to calculate your risk/reward ratio, know when to enter, you gotta have a stoploss ready and you gotta know when to take profits.
Trading is a lot of work but you dont have to be a daytrader to make money in Crypto.

so before you bother with options you should learn all the stuff about crypto and get a better overview of the opportunities out there.

>>57967031
>how do i become a millionaire by the end of this year?
nobody makes a million that quickly without developing their own breakthrough strategy.
my advice is to get off this board and figure it out yourself.

>>57969718
appreciate it man thanks for the help

crypto has always just seemed so shady from everything i’ve heard but i’ll definitely look into it and take it more seriously now

>>57968007
None of this technical knowledge on how the coins/chains/contracts works has any effect on whether trading them is profitable or not. They can be the best designed and most technically astute version but some shitty meme ripoff can be the one that wins.
This is the wrong knowledge for trading them.
Never post again.

>>57970170
>have technical knowledge
>have easier time seeing whats actual scams and what is not and dont get rugged
>dont get fucked by centralized 3rd party jews like chinknance or coonbase

>>57969957
there are many scams and many traps designed for newfags like you so you have to be very careful.
never test the depth of a river with both feet. and always do your own research. trust no one to 100% ever.
godspeed my nigger

>>57970360
I always test with both feet.
2 bulls, almost at 20M
Started with less than 5k

>>57967031
Suck 100000 dicks for 10 dollars each. If you start april first thats about 370 dicks a day. $3700 a day is some blue blooded high tax bracket income. Could do a lot worse for yourself.

>>57970423
Also forgot you already have 3 grand so you can give yourself a half day off somewhere in there.

>>57970360
man you guys have been so supportive i’m almost nervous now that’ll i’ll let you guys down lmao

>>57970423
Is 1 minute enough for a penis? Some wouldnt cum for an hour.

>>57970423
you seem knowledgeable in this field what are your recommendations on how to proceed in this business venture kek

>>57970555
>>57970658
#1 protip: Dont swallow
#2 protip: word of mouth is the best way to get new clients

>>57967031
But research chemicals in bulk and then sell them in small batches in exchange for crypto. Shill your website on Reddit through DMs.

It’s a bitch though because you’ll have to get your own packaging and logos for EACH bottle or bag and until you really start making $$$ you’ll have to ship them yourself every day. After a while you can rent an office and pay someone to package everything and hand it off to the UPS guy.

>>57970804
wtf are you talking about

>>57970804
>Research chemicals in bulk and then sell them in small batches in exchange for crypto
Sell drugs

get incredibly lucky with options trading (not happening)

>>57970170
Kill yourself TA monkey, your chart sharting will never be profitable.

>>57970472
I believe in you Anon.
go and make it happen, dont miss out.

>>57967031
i dont know OP just get lucky

in 2017 i bought 20k links

i will make it in the next ten years with my 3,000 dollar investment..

>>57967031
kneepads

>>57971221
if you say so man, crypto here i come.

>>57967031
Its a lot of luck combined with intelligent investment and patience
and there's no realistic way of achieving that without taking risks anon
crypto is a good idea, you can always go for large coins and stuff or go for decentralized coins if that's more to your liking. Dextools is good for the last one, pretty fast trades and no fees in general
Or you can just work your ass off and see if it works out (impossible)

>>57972437
I am at just about 6 figs with two of the popular coins rn from an initial input of approximately 15k, does this qualify as as adequate risk taking? I'm looking to just hold these two as they have potential for the coming run.