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/biz/ - Business & Finance

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15143253 No.15143253 [Reply] [Original]

Don't know shit about crypto but I'm young and have disposable income so I'm thinking about getting into it before i inevitably fall into the inescapable trap of wage slavery and insurmountable debt. Where should i start and are there any good resources i could use to educate myself on the way crypto works? Are market speculators able to make valid predictions about the direction of the market without insider info? or is it the same as the stock market where all investments are essentially just a roll of the dice and financial analysts just happened to get lucky about their predictions and capitalize on their luck by publishing books

>> No.15143277
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15143277

>>15143253
Just dump you life savings in Chain Link and enjoy 1000% return by end of year

>> No.15143296

Pls buy LINK sirs, it will very moon and you will be able to fuck hot wh*te girls when moon

Pls sir

>> No.15143309

>>15143277
The fact that I'm getting conflicting answers from almost everyone on /biz/ kind of answers my question

>> No.15144005

I have insider info, buy Unibright on idex.

https://www.publish0x.com/unibright-unofficial-blog/unibright-how-high-can-market-price-go-xpplrn?a=l4zbq7repr

>> No.15144024

>>15143253
Buy vidt and matic

>> No.15144095

>>15143253
Just watch youtube videos on how crpyto works. Bear in mind the channels may be shilling a particular coin so they may be trying to deceive you on the particulars of a specific coin, similar to when people tell you to go all in on X coin.

No one can predict the future, same as with the stock market. Only difference here is that stocks are based on companies which have operations that are somewhat predictable, crypto is largely based on nothing or other than speculation. The best advice you'll get on here is "Do your own research".

>> No.15144222
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15144222

>>15143253
Crypto isn't an investment, it's a gamble.

https://www.reddit.com/r/CryptoCurrency/comments/7acprc/lost_basically_my_entire_investment_last_night/

>> No.15144277

>>15143253
just invest in mining dude, no gamble

>> No.15144546

>>15143309
Conflicting answers? This is 4chan the fuck did you expect?

>> No.15144741

>>15144222
>Story starts about 2 months ago when I hear that Bitcoin was at around $4400, I had heard about it many times before, but as I said, I was never the one to risk investing. Finally I took the plunge, and invested my savings, many thousands into ETH and BTC. My plan was just to buy ‘safe’ coins, and invest long term.

If only he had actually done what he says he was doing instead of being a fucking retard

>> No.15144774

>>15144741
Just finished reading his post lmao

>I decided to invest long term
>So I ended up playing this crypto dice game and lost all of my money...

He deserves everything he got

>> No.15145024
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15145024

>>15143277
>almost as hard as the Donald Trump presidential campaign
mfw

>> No.15145060

>>15144741
Wish I had the balks to buy BTC in April, could’ve made some dish this month

>> No.15145183

>>15143253
It's gambling with educated guesses thrown in. Better odds than the casino.

>> No.15145238

>>15144546
Op here. My question was about weather or not one could make accurate predictions about market trends. The fact that most people here just shill whatever currency they currently have a purchase in and don't really give a straightforward answer is a pretty good indication that alot of it is shrouded in ambiguity, and pretty much a shot in the dark

>> No.15145263

>>15145238
Market trends are a meme in crypto. He's right OP, chainlink is literally the next moonshot. Read about it if you don't believe us. Look up the whitepaper. If you don't buy, be sure to come back here this time next year and make a post about how you plan on killing yourself.

>> No.15145288
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15145288

>>15145238
There are no accurate predictions regarding crypto, it is just a big gamble and people here are mainly shilling and shit posting about the latest shiny coin they've bought.

>> No.15145312

>>15145238
OP here. My question was whether I could be spoon fed here, of if I'd have to DMOR.

FTFY
faggot

>> No.15145320

>>15145238
>weather or not one could make accurate predictions about market trends.
Of course you can but if you know nothing about TA (most of us here, do not) then buying and holding is a better strategy.

>> No.15145520

>>15145288
>There are no accurate predictions regarding crypto, it is just a big gamble

pretty true, but there are some bets you could make that I would consider to be pretty safe bets

buy bitcoin and hold it for 5 years

>> No.15145610

>>15145263
>>15145312
Lol ok let me just dangle my fucking life savings on the very loose thread of your vague premonitions.

>> No.15145685

>>15145610
If there were a sure thing everyone would just do that you dumb nigger

>> No.15145703

>>15143253
BUY REQ AND HODL FOR 5 YEARS