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/biz/ - Business & Finance

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12126871 No.12126871 [Reply] [Original]

hey everyone, so yeah i am a 4chan regular, but mostly on /g/ and /b/, im looking to throw some money in crypto, are there any /biz/ approved exchanges/coins/discord groups that someone diving in for the first time should look into?

also how much money did you throw in when you first started and which coin did you buy? is everyone on bitcoin first?

>> No.12126877
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12126877

>>12126871

>> No.12126894

>>12126871
bitcoin 2013 2500€

>> No.12126897
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12126897

>>12126871

>> No.12126901
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12126901

Go all in on chainlink
Sit on it for 3 years
And go the fuck back to /b

>> No.12126911
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12126911

Run you fool, you will only find pain

>> No.12126915

Buy on coinbase or another easily documentation place. Then transfer it to your own wallet. Then only trade it through a DEX or anonymous accounts at foreign exchanges. In the future when you cash out only transfer matching amounts to what you bought, that is if you bought 10 BTC on coinbase, then you transfer 10 BTC back to coinbase to cash out. After you cash out your initial it doesn't matter.

>> No.12126916

>>12126871
For the love of G-d man, if you value your money, click away from this board and never come back

>> No.12126925

>People are still buying Butts in 2018
The absolute state

>> No.12126932
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12126932

>>12126871
desu don't do anything for a while, you will lose your money by being a neet idiot.

we're in a killer bear market and the smartest people tethered up or got out almost a year ago.

transfer money into coinbase, but just as USD. wait.

bitcoin will prob hit anywhere from 1.7k-500usd, then buy and hold.

you can try and trade alts but you will literally lose all your money in this market because swing trading takes more brains than you have - took you this long to get into the space to begin with.

don't buy meme alts, people just want you to buy their bags and suffer with them.

>> No.12126933

>>12126871
I bought Ethereum first and went 100x.

Good luck anon.

>> No.12126959

>>12126871
99% can't afford Bitcoin, and don't want to own 0,001 so they buy shitcoins and trash talk the king BTC.
There are lots of people behind BTC, and behind shitcoins there is a handful of idiots, so even if shitcoins jump x10 it will sell off within seconds back to 0$.
Buy only Bitcoin.

>> No.12126963

>>12126901
yeah no, my friend who is here a lot said to stay away from that chainlink shit

>>12126915
what about beyond my initial? im hoping for some profits, would the IRS be happy with some excel spreadsheets of my trades?

>> No.12126976

>>12126932
Idiot.
Even if nothing good happens with BTC (and it will of course) it would take 10 years to drop to 1k

>> No.12126997

>>12126959
my current plan is 50% btc, 20% eth, 10% ripple and the rest for playing around with alt coins, right now the prices seem pretty good looking at the chart, even if btc only goes up half as much as it did i will have tripled my money

>> No.12127003

>>12126976
It will drop to 1k next week. Screencap this.

>> No.12127009

>>12126963

just claim 0 cost basis beyond initial. That's why you cash out exactly your initial first, then have 0 taxable gain. You don't have report any trades then. Just what you cashed out.

>> No.12127037

>>12126997
how much are you investing?

>> No.12127060

>>12126871
Btc and eth are the only coins that matter. Anyone who say's otherwise just wants you to buy their shitcoin so they can take your btc and eth

>> No.12127104

>>12127037
got 5k playing around money and a bunch saved up but im not gonna go all in, wanna see how it goes and if it drops more i can buy in again

>> No.12127150

>>12127104
Just buy all BTC, transfer to bitmex, and put in a 10x short. Make sure to close your position when BTC hits 1k.

>> No.12127175

>>12126871
>discord
Don't lie faggot redditor, you are not from /g/

>> No.12127284

>>12127150
Do this if you hate money.