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/biz/ - Business & Finance

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19534617 No.19534617 [Reply] [Original]

>BTC surges to $10k USD
>SELL
>don't touch BTC for months
>in fact, sell all crypto and don't touch any for a few months
>buy a fuckload of BTC and other non-meme coins (aka anything that has a price below $100 USD)
>wait for it to surge to $9k-$10k again
>sell immediately
>repeat
Congrats, you made money with crypto. No crypto will ever moon again like they did a few years back. BANKS DON'T WANT THEM TO. THEREFORE, THEY WON'T. You really think ANY crypto could ever replace the power of banks. No, faggot. Think realistically if you want to stop being a poorfag.
>Market crashes
>Dump all money you can spare into the market
>?
>P R O F I T
Literally buy low.
>Market is doing great
>Gains everywhere for an extended period of time
>MOVE A LARGE PORTION OF YOUR INVESTMENTS TO MORE STABLE ASSETS
Literally sell high.
>Market is stable
>It's been a few years since the last crash, but not 8-12 years
>Keep your money invested in medium- to high-risk investments

Remember: any advice that violates any of these simple rules is a scam. Someone somewhere is ALWAYS wanting to sell you something. Dreams of unrealistic yet plausible gains? Go on full alert. Never listen to "investment" advice that sounds too good to be true--or even CLOSE to it. If someone knows something about the market, they're either an insider trader or, more likely, a scammer. If someone KNOWS with their expert brain exactly THE COIN that will moon next, congrats. You just met a scammer. Either the creator of said coin, an early investor, or someone who fell for the coin desperate to get others to buy in so they can sell their losing gamble-of-an-investment.

Use your brain, not your heart. This is money.

>> No.19534691

>>19534617
yeah
why are you posting ?

>> No.19534762

>>19534691
To strengthen my resolve against scammers.

Thanks for posting, OP. I will make it without getting duped!
Buy my favorite coin tho.

>> No.19534784

>>19534691
Maybe save at least 1 person from dumping money they shouldn't be dumping into a scam or a soon-to-be losing market. Every time I browse this board's catalog, I see 90% scam threads. These are the basics, but most people are impatient. They want to be rich NOW. But that's not how it works. And with crypto, people think this is now plausible if they "just get in with the right timing". By the time memecoins are shilled, their creators and early investors are just looking for people to buy in. It's a legal ponzi scheme almost.
So yeah. Maybe I help out at least 1 person from getting scammed or falling for "market good = invest, market bad = sell". Now is a great example of why it's so important to invest during crashes. So many stocks are undervalued right now. Literally buy low.

>> No.19534976

>>19534617
>BTC surges to $10k USD
>SELL
>don't touch BTC for months
>8K BUY
>BTC surges to $10k USD
>SELL
>don't touch BTC for months
>7K BUY
>BTC surges to $10k USD
>SELL
>don't touch BTC for months
BTC is at ATH and you lost the train
Grayscale is buying more than mined amount, you can buy GBTC for your 401k, people are literally using BTC as a pension fund
Supply is drying
People tendency to "hold" it's increasing at a crazy pace
17.51 million BTC never moved since last year
https://bitinfocharts.com/top-100-dormant_1y-bitcoin-addresses.html
BTC is fundamentally going to 10M

>> No.19535040

>>19534784
OK
is BTC a shitcoin ?

>> No.19535048

>>19534976
Bitcoin will never go beyond $10k again. It's being used as a tool by hedgefunds and major investment companies to hit gains needed to keep investors in and bring new investors in. Think logically about the usefulness of BTC by the average person. It will never be a viable currency beyond drugs, weapons, porn, etc.
BTC is now a tool for major financial firms. You can't argue with billions of dollars.

>> No.19535100

>>19535040
No. I say shitcoin as in new-ish coins that arise that get shilled quickly. BTC has been accepted as a crypto that major financial firms use as a tool. Let it rise, sell, wait for it to fall again, then buy in. It's a loop. And with how much money these firms have, not much can stop their process of using this loop.

>> No.19535112
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19535112

>>19535048
aaaaaand screenshot

>> No.19535151
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19535151

>>19535112
Fuck, you got me. My shame will be forever remembered on /r/4chan. Please don't tell my parents. Please don't share this screencap after BTC hits $20k. I'll be ruined.

>> No.19535258

>>19535151
OK OP
What is the role of crypto in the human condition ?

>> No.19535408

>>19535258
At this point, there are 2 roles crypto serves:
1) a constant profit over a 1- to 2-year cycle for large financial firms (buy when below ~8k [$4k? hell yeah. buy a fuckload]). Sell when ~$9-10k is hit.
2) An easier way to launder large amounts of cash.
I think that answers your question sufficiently, unless you meant something else by "human condition".
Look, I'm not against crypto as a way to make money. I'm just saying that you should follow the cycle and not HODL in hopes that major coins moon or that shitcoins rise 100+%. Just be wary and be smart. Shitcoins CAN rise like that, but only because they are scams. Don't put money into scams that you're not willing to lose.
Would you rather risk getting rich NOW with the possibility of becoming broke, or would you rather be more guaranteed to get risk 10-15 years from now with very little risk to becoming broke?
I assume many people on this board prefer the former, but that just won't happen. The shills on this board and in many other places are the same. By the time you've heard about something, it's already been set up to take your money. Unlike regular ponzi schemes, crypto ponzis are still legal. (in the US, at least)

>> No.19535463

>>19535408
>or would you rather be more guaranteed to get risk
rich*

>> No.19535550

>>19535151
>It will never be a viable currency beyond drugs, weapons, porn, etc.
>An easier way to launder large amounts of cash.
https://cointelegraph.com/news/515-million-in-bitcoin-spent-on-illicit-activity-this-year-representing-1-of-total-btc-activity
the fact that you are anon doesn't mean you are smart, infact you are braindead

>> No.19535563
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19535563

>>19534617
>No crypto will ever moon again like they did a few years back. BANKS DON'T WANT THEM TO. THEREFORE, THEY WON'T.
yeah. banks were thrilled about the previous shootouts though, that's why they happened.

>> No.19535569

>>19535408

We already arbitrage the cycle dips and booms, but you are missing on arbitraging the shitcoin cycles too, BTC is just a shitcoin, an old one

New biz coins that are contracts are scams, we all know that

However, what is not clear yet is, is crypto a fiat fiat hedge ?

Money laddering - check
Tax evasion - check
Online business enabler - check
Avoiding court seizure - check
(all of that is independent from price action, meaning you are missing the point of crypto)

So, is crypto a valid fiat alternative ?

>> No.19535662

>>19535550
and i was wrong how? illicit activites used with BTC... did I just not say that that was how it is realistically used?
>>19535563
crypto is a convenient investment tool for billionaires and their financial firms
>>19535569
it's a great way to hide money, sure. i'll admit that. but people on this board aren't looking for that. they're looking to get rich quick. and by using crypto to do so, they lose their money. 999,999/1,000,000 times again and again.

>> No.19535727

>>19535662
OK so do forex traders and gamblers.
What is the crypto role ?
That is important.

>> No.19535781

>>19535662
What would you recommend a first time investor with small money start out with instead? I only got into crypto cause I got some free coins and traded it, I’ve got 50/50 BTC and LINK. I’ve looked at index funds for stocks like VTSAX, you think that would be better?

>> No.19535845

>>19535781
Recently, many industries crashed. Airlines, oil, and cruise lines dropped really hard. We've made a recovery in many industries, but those industries are still undervalued.

>> No.19535888

>>19535845
opinion discarded
back to plebbit glowie

>> No.19535923

>>19535408
You’re just a scared little man, and as long as you keep acting like a scared little man, you’re ngmi, you’ll miss out of opportunity, you won’t take risk, you won’t believe in yourself or your investments. And you’ll say you were being smart by playing it safe when you miss out on the really big moves, you’ll say it was all a ponzi, but smart you, you see right through it, even though you’re still waging in your cage. Such is the fate of cowards

>> No.19535931

>>19535845
Thanks for the tips, I understand I shouldn’t ask people how to invest but learning stuff like this helps a lot. The whole idea is that I wanted to invest and then hold it for awhile and not think about it too much. Investing in crypto has done the opposite for me

>> No.19536002

>>19535888
plebbit's wsb is just like this place but less scammy. fuck plebbit and fuck /biz/. if you really want wealth, ignore all the scammers and cryptofags like you.
>>19535923
>ngmi
nigger playing slow and profitable is how wealth is acquired. congrats if you bought 100 BTC back when it was <$100 but otherwise you're just shilling memecoins and jealous. look at the mega-wealthy in NYC. guess what? they took a decade or three to become so rich their great-grandkids would never have to worry about attending harvard. get rich quick is your philosophy, which is, as time has proven, a complete scam way more often than not.

>> No.19536087

>>19535931
Absolutely do not listen to OP. Those industries may bounce back somewhat but they’re no good. They’re businesses that are always on the brink of collapse and covid just shone a light on it. Catch a falling knife and you just might carry those companies into bankruptcy

>> No.19536212

>>19536002
You probably just got burned being a degen on bitmex and now you can’t fathom how anyone could make money in crypto. Ive earned an annualized 500% roi since 2017 and the heat is just getting turned up now. There’s real money to be made here and fuck you for being a pussy and coming in here trying to cut off everyone else’s balls

>> No.19536377

>>19536087
>>19536212
Sure you did, bud. Hey guy who's a new investor, ignore me. I'm following rules that've been lain out and adjusted for over a century. But surely, it's wrong. Definitely listen to this guy with his promise on how crypto isn't a scam.
Here's a tip: if you've heard it, it's already been exploited. Do you really think someone will let a stranger in on a great investment out of the goodness of their heart? Of course not. Yet here we are. Think for yourself. Follow the news and form your own opinions and speculations. Everyone has their agenda. Including me, sure, but I only have ~30k in the market so I'm not as influential and shills selling memecoins.

>> No.19536412

>>19536087
Go ahead and explain to me how construction businesses and oil tycoons are about to fall just because i filled my tank.

>> No.19536945

>>19535662
>and i was wrong how?
you just said that btc is only good for illegal stuff, yet only 1% of btc transaction are related to illicit stuff
this is literally george soros level non-sense fud copy-pasta

>> No.19537064

>>19536945
keep using BTC for legal reasons :) keep on doing what you do.

>> No.19537152

>>19534617
Disgustingly retarded thread. I can’t wait to nuke this board when I make it

>> No.19537271

>>19537152
okay. make a counterargument.