[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 12 KB, 299x168, F7358004-1E5E-4DD9-BD62-03410362D79E.jpg [View same] [iqdb] [saucenao] [google]
20722014 No.20722014 [Reply] [Original]

I’m 25 and tired of my life and being mediocre and want to invest $70k I have in the bank. Is my best bet just buying 10 BTC ?

>> No.20722035

>>20722014
probably the safest bet. but you wont get rich. so fuck that and go all in on LINK

>> No.20722038

Yes but split it 30% ETH 70% BTC

>> No.20722041

Yes.

>> No.20722049

fucking newfags. fucks sakes

>> No.20722050

>>20722014
>70k by 25
>mediocre

You and I have different definitions of that word friend

>> No.20722076

>>20722014
Get 5 BTC and 2 BTC worth of ETH. Don’t touch it for a while, add to the position if you can

>> No.20722119

>>20722050
My parents are crazy immigrants and I feel like I’m never good enough and have a deep psychological complex about it

>> No.20722177

>>20722014
not really.

BTC is kinda broken. it doesnt really work as a payments network, as it can handle 7 transactions per second, on a global level. Bitcoin is a speculative investment, where there is no base demand. 100% of demand is speculation, as its not very useful for anything else.

This is true today atleast. BTC doesnt work. people tried to fix it, and change things, but were called scammers and fraudsters. Things might change in the future, where BTC people get off their ass to try and fix things, but time will tell.

I've been in the crypto scene for 4 years, and am not very optimistic about bitcoins future.

>> No.20722227

>>20722014
You can't even buy 7 BTC with 70k retard

>> No.20722271

>>20722227
He is waiting for the dip

>> No.20722388

>>20722014
You won't get 20-100x gains in 1-3 years with BTC. Small caps are where the big rewards are at but you have to do your homework, can't retarded, and might have to sell after a big move. And don't push all in to a small cap. A 10k bet doing 10x will more than double your net worth. Right now defi and cefi are hot. There will be a lot of pump and dumps in that space. CEL is the safe/easy money IMO. The tokenomics will continue to drive strong demand as it gains users and user growth is showing zero signs of slowing.

>> No.20722411

>>20722177
Btc scales better on the base layer better than 99% of coins because of very efficient and small transactions. This is getting better over time with bandwidth and storage like erlay and utreexo. Even better, the btc community understands that literally the only point of a block chain is to validate it with a full node. Allowing as many people to do this is how you provide a check and balance to miners.
A decentralized coin will never compete with centralized mysql silicon valley coin anyway, and in the process of trying you destroy the only thing valuable about btc in the first place.

>> No.20722427

gold

>> No.20722448
File: 145 KB, 1060x1390, alternativecryptocurrencies.jpg [View same] [iqdb] [saucenao] [google]
20722448

>>20722388
>he thinks he is doing research and not playing the shitcoin casino

>> No.20722452
File: 948 KB, 1024x1182, 1590542835037.jpg [View same] [iqdb] [saucenao] [google]
20722452

>>20722177
>I've been in the crypto scene for 4 years, and am not very optimistic about bitcoins future.
You mean,
>I've been a bigblocker for 4 years and still haven't admitted I was wrong yet.

>> No.20722514

>>20722014
not sure how you get 10 BTC with 70k but sure

>> No.20722796

post some proof..otherwise its not fun and cant give u serious answer

>> No.20722814

>>20722452
i was a big blocker, but left bitcoin altogether. didn't return to BTC. might be wrong, but I don't see a future where BTC is king.

still hold a small suicide stack just in case,