/biz/ - Business & Finance

[Anonymous No.20104185]

I've never bought crypto before in my life, but I'm looking to start soon. Despite never having bought crypto and being new to the game, I know I was destined to be a link marine. My only question is whether I should buy now, or what for a dip. The chart lord's have told me that it looks like link is in for another big dip. Is this true or am I being misled?

[Anonymous No.20104285]

>>20104185
dont time the market, just give youtself rules and follow them.

for example you could but 5% every 2 days no matter the price.

it's callled dollar cosr averaging. it's the best strategy for entry in link.

>https://www.investopedia.com/terms/d/dollarcostaveraging.asp#:~:text=Dollar%2Dcost%20averaging%20(DCA)%20is%20an%20investment%20strategy%20in,volatility%20on%20the%20overall%20purchase.&text=Dollar%2Dcost%20averaging%20is%20also%20known%20as%20the%20constant%20dollar%20plan.
welcome fren

[Anonymous No.20104295]

>>20104285
This
>>20104185
Market buy 10k now or you will never be a marine kiddo

[Anonymous No.20104302]

>>20104185
You’re way too late for link. RSR and FTM is what the discerning biznessman holds now.

[Anonymous No.20104379]

>>20104285

This anon. Don’t try to time the market. Figure out your target % allocations, DCA, and rebalance

[Anonymous No.20104398]

>>20104302
You’re going to get a lot of replies like this from gatekeeping Link fudders and literal street shitters from Calcutta trying to shil their own garbage scamcoins OP. Don’t let them discourage you.

[Anonymous No.20104425]

>>20104285
Wrong. Wait until some huge xx% dip, and when you see a bunch of "oooooh linkies!" threads on /biz/, then buy. It's the only sure way to get a better entry than DCA

[43 No.20104926]

>>20104425
yeah and then it never happens and link will be 10$ before you buy anything

[Anonymous No.20105047]

>>20104185
Don't start, crypto is gambling, not investing.
It's an asset with a negative expected return. Meaning that it does not produce anything, and you only buy it because you hope a bigger idiot will buy it from you.

Guess what? There's a not of idiots on this board that want to offload their bags to you, so they're very keen to have fresh meat.

Don't be a retard.

[Anonymous No.20105067]

>>20104425
You buy when the nico posters and uncle oldfag appear , You sell when the WHTF WAS THAT posters appear simple really

[Anonymous No.20105100]

>>20105047
fucking retard. you fell to the speculative part of crypto.
why do you think billions of $ went into crypto?
because crypto is our future you dumb fuck, if you just look at speculation your missing the big picture. finance is moving to crypto, insurance, iot....everything, our future is the dlt
thinking its purely speculative is the fucking dumbest fucking thing

this is the new internet.

people who invest in link are in for the long run because we know smart contracts is the next step of our evolution

[Anonymous No.20105408]

>>20105100
>this is the new internet.
We've been hearing that for 10+ years. Which in the would of tech is an eternity.

When was the last time that you used crypto to buy something legally which wasn't another crypto?
Nobody uses crypto for it's intended purpose, they just hoard it in the hopes to sell it for a higher price. Just read about the Dutch tulip bubble, the South Sea Bubble, Bennie babies, etc. It follows all the same patterns.

>But this new coin has this new smart contract that...
Sure thing kid. Are people actually using these things? No
>Oh there's this new partnership they announced
You're like a toddler falling for peakaboo for the 1000x time.

Crypto does not produce anything, there's no revenues or dividends.
All the money that went out, some else put it in, and the exchanges skim the fees on top of that. It's textbook definition of gambling.

[Anonymous No.20105467]

>>20105408
I spend my crypto all the time. Got 300$ in grubhub gift cards with my CRO gains and got $60 back which I used to buy some unishit coins. Staking is dank af. Feeding my chubby gf and myself with crypto gains desu

[Anonymous No.20105509]

>>20104185
the price will dump or pump next week with the juicy presentation. It's a gamble though

[Anonymous No.20105615]

Crypto is not like stocks that have real tangible value, it's easy to look at a stock and safely invest in it because you can assume it will have real world value, for example it was a guarantee amazon would eventually get big because ebay used to be fucking huge and amazon in its infancy was basically ebay 2.0
the problem with /biz/ retards is they try to view crypto as something tangible and valuable but it's not
it is a CURRENCY and you can't just invest in a fucking currency and hope you get rich
you have to constantly flip it and basically work it as a full time job so you can inch your way up little by little through small gains

trading crypto is fundementally no different from trading normal real life currency, people who view it as a "hold till I get rich" scheme are retarded, literally nobody has every retired off of other cryptos, the only people who got rich were mass bitcoin holders solely due to a fluke

[Anonymous No.20105710]

>>20105615
>imagine being this stupid

[Anonymous No.20105716]

>>20105710
Stop replying to bait you stupid nigger

[Anonymous No.20105784]

>>20105615
Based.

[Anonymous No.20105785]

>>20105408
>using crypto to buy anything
that's where you're fucking retarded, crypto is moving from being a payment digital money system, to the base of the 4th industrial revolution and the digital automated economy.

you're literally a fucking nigger still thinking crypto is and will be used to buy stuff.
smart contracts are where it's at dumb fuck

[Anonymous No.20105812]

>>20105785
> Clearly we couldn't convince people anymore that this was viable as a currency. So we're now trying to convince them it's viable as something else.
Cool, see you in 3/4 years when crypto retards come up with the new Blockchain application which for sure will make people want to use it.

[Anonymous No.20105844]

>>20104185
Stop buying shitcoins just because someone told you to, you fucking retard, you're going to get hosed
go learn about investing in general THEN decide whether to invest

[Anonymous No.20106195]

>>20105812
Even boomer economists think blockchain has potential you redditor

[Anonymous No.20106258]

>>20106195
> Vague hand-waving promises of future tech which for 10+ years has failed to gain any mainstream traction.
> "Look! This random old guy agrees with me!"
People on /biz/ should really learn a thing or two about confirmation bias.

[Anonymous No.20106260]

>>20104185
I’ve only been investing crypto for 6 weeks. If I had invested in link I would be even at best. Instead I invested in other projects and I’m up 4K. Don’t invest in link just because retards here shill it and you want to be apart of the crowd. They’re going to dump on you

[Anonymous No.20106269]

>>20106260
OP see
>>20104398

[Anonymous No.20106309]

>>20106269
It’s not FUDing it’s facts. Links price when I started investing was $4.55, price now is $4.84 and that’s after a pump. You won’t make money with Link if you’re buying in now.

Find another project. These idiots just want you to pump it so they can coom if it passes 5 (in which it will surely crash back down afterwards)

[Anonymous No.20106327]

>>20106309
>>20106260
>>20106269
>>20105812
increasingly nervous nolinkers

[Anonymous No.20106397]

>>20104185
Crypto is unironically dead. Nothing has moved for like a fucking year. I made more by browsing /smg and selling calls on WKHS on Robinhood in a week than I've ever made in crypto, and I bought link at 1.20

[Anonymous No.20106409]

>>20106397
>and I bought link at 1.20
not really a bragging point around here, you fucking smurf