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/biz/ - Business & Finance

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5863462 No.5863462 [Reply] [Original]

Alot of people are saying "You have to be a retard to lose money in this market", but the truth is right now being a retard is extremely beneficial to making money in this market.

>> No.5863555
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5863555

legit
I'm too high iq for this market
coins moon for no fucking reason

>> No.5863565

>>5863462
Overthinking on crypto makes you lose.

>> No.5863700

>>5863462
>but the truth is right now being a retard is extremely beneficial to making money in this market.
For making virtual money?
Yes.
But for actually making real money, knowing the risks and not being broke, in debt and anheroed when it'll finally crash?
Probably not.
Sure, some idiots putting in all their life savings now will stumble upon the right exit block and join the ranks of braindead virgin millionaires, but most will just loose any little will to live they just barely had, when they get just'ed

>> No.5863749

>>5863462
This market is so frustrating. I researched and invested in projects with solid fundamentals, but the coins that are mooning are vaporware with billions of tokens that retards are buying because it's "cheap". I've still made a lot of money, but it sucks seeing these shitcoins mooning. But maybe I'm the retard for not playing the game and buying the hyped up shitcoins.

>> No.5863798

>>5863462
Legit. I lost 10% from June to December.
Now I ask my 5 normies in my life and I throw money at what they say and I've fucking quadrupled up.

>> No.5863819

FF2SpKx

If you wanna make money join pump and dump discord

>> No.5863854

>>5863749
Our time will come in due time. We need a big crash for that before though.

>> No.5863885
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5863885

>>5863462

>> No.5863943

>>5863885
>tfw to intelligent to waste brainpower on thinking

>> No.5863991

What is the absolute safest long term hold?
ETH?

>> No.5864011
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5864011

You are correct I made more profit during china fud just buying coins that were shilled and now Im doing all this research and ta to get 50% in two weeks. JUST

>> No.5864151
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5864151

>>5863462
>Throw 200 dollars at FUN a few days ago without having any idea what it was, just because it was the cheapest coin on Binance at the time
>Double my money

>> No.5864166
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5864166

>>5864151

>> No.5864855

>>5864151
i did that, but then with 1+ thousand dollars, 15 december

>> No.5864960

>>5863462
Fucking this, so well put.
>Buy normie coins, over-marketed shit-coins
>Buy cheap coins ignoring market cap
>Buy at ATH into a straight line up
>Be all in crypto for the past month, not expecting a correction like some experienced traders
These things would have netted you the most gains

>> No.5865277

OP and everyone on /biz/ has to remember what we are dealing with here...there are solid projects out there, but this is a massive bubble.

Ripple was dormant for such a long time, and while it's a solid coin, it has basically surged on top of the average Joe money flowing into crypto and seeing a cheap coin in the top 10.

A small company literally changed their name to add "Blockchain" into the title and their shares surged 400%. This isn't normal, don't kid yourself. People everywhere are talking about crypto by the dinner table. When the crash comes, a few good solid long term holds will survive (stuff like ETH, NEO) but a lot will collapse and never recover. It's easy to get cocky in this bull market but never forget this.