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/biz/ - Business & Finance

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17584262 No.17584262 [Reply] [Original]

What are some lines you decided to never cross when it comes to crypto? If any.

For me it would be never to borrow money to purchase it. Also this is my first year in crypto so id like to report capital gains as much as i hate to id hate to get chased by the gov.

>> No.17584280

>>17584262
Same, but I did borrow money from relatives because I know I can pay it back with relative ease even if LINK goes bust or takes too long.

If your worried about cap gains, why not wait a fucking year if your coins are good (ETH/LINK/BTC) time in the market is better than timing the market, you may find a breakeven point that makes holding better off than selling for a large gain.

>> No.17584282

>>17584262
i wont watch fart porn if i'm day trading

>> No.17584289

>>17584262
Selling LINK

>> No.17584294

I only invest what I'm willing to lose.

>> No.17584295

>>17584262
Yes, never ever borrow money to purchase it, because if it goes wrong you get stuck with bags for a long time, and you've to pay for them too.

>> No.17584328
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17584328

My rule? Nulink. Never ever buying that scam even though they tell me 10c eoy.

>> No.17584361

>>17584328
I got sent 2mil of that but being new to crypto i gave my coinbase exchange wallet address. I made a support request with cb but i doubt theyll help me get it oit of there.

>> No.17584364

If you trust /biz/, go all in.

>> No.17584412

>>17584262
No margin trading

No daytrades

No shitcoins with more than 15% of my BTC stack

No entering trades with less than a month of expected holding

NEVER leave your coins in the possesion of some centralized entity


Once you realize Bitcoin is the most important invention of the last millenia, you will do everything in your power to aquire more. Most people have become lost in the shitcoin pump and dump dance to aquire more fiat, they will not make it. The truly enlightened who see Bitcoin is the path to greatness will. I will be attacked for this comment, but I do not care, I am speaking the truth and the liars always lash out at the truth.

>> No.17584422

>>17584262
Selling a single LINK

>> No.17584436

>>17584262
selling LINK

>> No.17584448

>>17584262
I will never pay taxes, ever.

>> No.17584457

>>17584262
Never buy any Chink coins

>> No.17584478

>>17584262
Never buy anything but BTC with the exception of swing trading top 5's on occasion.

>> No.17584511

BUYING STINKIES

STORING THEM IN MY DINKIE

>> No.17584514
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17584514

>>17584262
I will never buy link.

>> No.17584574

>>17584262
>never borrow money to purchase crypto
way to be a pussy. high risk high reward

>> No.17584651

>>17584448

I got some bad news for you.

>> No.17584787

>>17584294
I guess this works if you're just rich already so you have thousands of dollars lying around that you're perfectly willing to lose

>> No.17584908

>>17584262
After 2017 I vowed to never buy Asian coins but now I have 50% of my portfolio in Suterusu. How fucked am i?

>> No.17585218

>>17584262
Never leaving coins in a wallet. Anything that makes selling difficult is a stupid move.

Never buying during a fast pump on a low market cap coin.

Never market buying all at once.

Never holding after pump starts to fizzle out. Never holding past -10% in worst case.

Never being committed to any one coin. They're all internet junk money.

>> No.17585250

>>17585218
>NOOOO YOU CAN'T JUST OWN YOUR OWN COINS YOU HAVE TO TRUST COINBASE AND IF THEY LOSE THE COINS OH WELL
Great logic dipshit

>> No.17585260

>>17584262
do people really buy crypto? i thought it was just a meme.

>> No.17585311
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17585311

>>17585250
What is the likelihood that something like that happens to coinbase?

>> No.17585379

>>17585311
Much less likely than whales market selling crypto, plunging its price down 20% in one massive red candle while wallet holders scramble to send their coins through congested networks to the exchanges to sell before the price plunges down further.

>> No.17585395

>>17584361
So you didn’t get anything, not 2 mil.

>> No.17585844

>>17585311
Just owning crypto makes you a target. Having your crypto just sitting on the exchange is just begging some asshole to phish your shit and loot everything.

>> No.17585852

>>17585379
oh no looks like exchange x went down! But that's okay I can just move my coin- OH WAIT

>> No.17586643

>>17585218
>Never leaving coins in a wallet. Anything that makes selling difficult is a stupid move.
LOL
This argument is fucking terrible. "OH noOOoO, I won't be able to sell on an impulse without a 30 seconds to 10 minutes delay so i'll just put my entire trading stack at risk!"

>> No.17586656

>>17584908
Also you will probably make it if you have at least 500k SUTER.

>> No.17586683
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17586683

>>17584262
>>17584295
I borrowed money to buy LINK in 2017 because I never had a job lol
best decision of my life, fuck your advice

>> No.17586856

>>17586683
Based. I borrowed a fuck ton too. Fuck that advice, I don't want to be a peasant forever and fucking hate when other peasants give money advice. Even the rich seem to always give shitty advice on money.

>> No.17586886
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17586886

>>17586643
You are a dumbass.

>> No.17586937

>>17584262
Not ever ever buying pnk, suterusu or any other pajeet coin