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/biz/ - Business & Finance


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21697775 No.21697775 [Reply] [Original]

I see so many Anons post about how they multiply their investments so easily and I don't get it... Any time I see a coin get shilled it's usually pre-pumped and often crashes once I notice it. But I know I'm just noticing the shilling by then because I see the gains people made from it and only then do I pay attention. I'm not stupid enough to FOMO in at that point but I genuinely have no idea how to distinguish value in this sphere and I don't even want to be spoonfed a list of coins or whatever but I'd like to know:
>What is a good way to discern value in crypto
>What do you look for in a whitepaper
>Do you even read the whitepaper? Or do you just put money into low mcap projects with charts you think look promising
>If so what do you look for in a chart
When I see Anons shill something I never can disctinguish from pajeet and actual value. Answers to these would help me DYOR or projects, if any anons have any advice I'd be thankful

>> No.21697807

Making sure the website and logo look professional and they have an actual product with a use case is usually a good idea.

>> No.21697826
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21697826

>>21697775
Most people won’t make any gains unless they’re able to do this literally all day and trade their shit on uniswap, most people just get lucky, you know, like gambling

>> No.21697835

>>21697775
A lot of it is uniswap scam coins

Unironically do your research, read white papers, etc

>> No.21697866

No one has time for any of that shit. You take your gamble and hope you get lucky. I could have bought $800 YFI but I went Rain Network and the devs pulled the rug. I then could have chucked an Eth at either Offshift or Flow. I went Offshift which has crabbed while Flow did a 20x. Don’t over think the crypto jungle just buy and pray.

>> No.21697961

I just gambled on a hunch and got lucky. I should have listened to my gut and got more. Fear and indecision will always work against you.

>> No.21697963

>>21697775
ima be honest with you dude, im pretty much just gambling

>> No.21697987
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21697987

>>21697775
Dont do this OP >>21697866
Unironically do this though >>21697866

>> No.21698055

Follow the right people on twitter. They shill gems after they've accoomulated obviously but you can find good stuff weeks or months before biz pays attention to it.

>> No.21698204

>>21698055
Checked
any idea who the right people would be?

>> No.21698214

>>21698055
Checked, any good people to follow? Or hints? Want to get in on these gems as early as possible.

>> No.21698263

>>21697775
I just look at what gets shilled here, if anything smells like curry, walk away.

>> No.21698343

>>21698055
Even these guys never catch the early gems like FLOW though. The way most of these shills post about a coin before no one knows about it is filtering uniswap by less than 100 holders, checking the contracts for locked liquidity, holders tokens, etc and then buying and posting about it to achieve early hype. But that requires work. It's better to be one of the first to find those early spoonfeed posts that confirm all of the above.

>> No.21698378

>>21697775
DYOR but we literally told you about ETH, then LINK, and now about STA.

>> No.21698392

>>21698343
Also checking whitepapers, website, so on and so forth. It requires DD, which a few of the autists here can contribute to.

>> No.21698429

>>21697775
find gems before their big pump, like $CHZ

>> No.21698485
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21698485

>>21697775
My Wifu pic related does all the work for me ..

>> No.21698495

>>21698378
This thread isn't asking to be spoonfed coins, it's asking how to do my own research fuckface. Also I own LINK and

>> No.21698499

>>21698343
How to filter/browse uniswap?

>> No.21698532

>>21698495
*and I was decently early at least by current standards

>> No.21698588

Go with your first instinct. If you see a bunch of threads about something don't hesitate. Only pick 3 or 4 don't spread too thin.

>> No.21698593
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21698593

>>21697775
its literally a gamble 1 out of the 20 shitcoins shilled here are going to moon, at least for one moment, but majority like 49 in 50 will crash to 0 in a few months, for one anon that you see making "gains" another 20 are losing
ps. been here since 2015

>> No.21698630

I'll tell you how I did it. Maybe this works, maybe not. It worked well for me so far.
1. Identify a clear problem in crypto and follow updates in it religiously
2. Identify projects that have a LOT of development left that are trying to solve this problem which are:
a) with a good team
b) with non-retarded distribution
c) are product-first, not marketing-first
3. Go balls-deep on projects you find like that and HOLD. Do NOT diversify much, unless it is for different problems. In the end, all coins that are solving the same thing are going to have roughly the same pumps, and trading/diversifying will only hurt you. I can't stress the holding part too much, especially if this is for early projects.
If you apply this to DeFi -- YFI, LEND, COMP were all pretty clear winners, for example. You can say they all pumped almost immediately, but if you follow the first rule, you'd have been one of the first to get in. All three that I mentioned (and a lot more others) had clearly good teams. Similarly, rule #2 would have disqualified retarded piece of shit things like YAM (horrible team) and CRV (minted via farming --> horrible distribution), but you could have still ate shit. This is crypto after all, some things you miss and you fail. It happens.
I think that the next big problem is proof-of-humanity, human oracles - basically any human activity on the chain, so I went balls deep into Kleros and Idena early 2020. That has been good.
Also, "low volume" is the best thing if you're talking about a project with clearly a good product. Every shitcoin worth its salt in tech has its day. Don't fall for "no volume pajeet scam" fud.
>but muh STA, HEX, other-shitcoins-of-the-month
yes, you can also try to ride pumps based on sentiment of the eternal bull but more than not you'll fail with that.
Next is scaling ETH so it is unsurprising that OMG is killing it. LRC is probably next (look at the price action over the last week...) But, ETH itself could be the best ETH scaling bet imho.

>> No.21698679

>>21697961
A large part of this is fighting indecision and 2nd guessing yourself

>> No.21698682

>>21698593
>for one anon that you see making "gains" another 20 are losing
this
a silent majority don't want to admit how much they've lost

pls a lot of faggots, when losing an argument, will just lie and say "whatever i'm up 20x lol"
cheap LARP bullshit
never believe it unless you see the trades

>> No.21698737

>>21698343
How to filter for this on uniswap? I don't have option to filter

>> No.21698750

>>21697775
token economics is most important for long term. if token is worthless, team and tech is irrelevant

>> No.21698777

>>21698343
>>21698593
>>21698630
>>21698682
Thanks anons I'll be screenshotting these (and most others aswell) for future reference

>> No.21698789

>>21698499
Idk, I have a couple friends that do it and have found a couple gems. I wait for the spoonfeeds and browse all day and trade on gut instinct, it's worked about 90% of the time this past month
>>21698630
Also pretty based, most of the projects here will never make it past a few months. Take your fucking profits. People that didnt sell in 2018 during The Great Dump were fucking ruined

>> No.21698796

>>21698630
Fag

>> No.21698816

>>21698378
You misspelt RSR

>> No.21698935

>>21697775
Depends on if you want to invest or just gamble on catching a Ponzi before it collapses. Investing is easy. Think "what will the world look like in 10 years?" Then think, " which team of people has the vision and skill to make something that will be useful in that world?" Then you out your money in that and wait.
Trying to catch a Ponzi shitcoin before it collapses is much, much harder unless you create the Ponzi shitcoin. It's pretty much a guaranteed loss for everyone except the faghots that create it. And most of those posts you see never move back to fiat or BTC before it collapses. Their gains are an illusion. Now go buy Iota and wait comfy for the IoT market to grow.

>> No.21698972

>>21697775
Forgot to mention that anything that opens with how much you will make by investing instead of how it solves a problem for the user is a scam.

>> No.21699057
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21699057

>>21698593
>be me cash our entire 401K excuse pandemic got me
>actually don’t need to cash out plenty of government neet buxs and severance pay out
>go full autistic and go all in 3-4 shitcoins
>no fear because of autism firewall
>mfg I’m probably going to make it

>> No.21699067
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21699067

>>21698777
godspeed, anon
>>21698789
maybe. maybe not. This is not the golden-normie-fueled bullrun right now, at least for most. See link -- normies are in, so there you gotta take profits. Most of DeFi is still relatively underground by normie standards, and, unlike empty promises and valueless use cases of 2017, imho DeFi is an actual thing. At the very least, letting people go long/short via smart contracts like in Aave and basically other collateral-based apps, is a big use case for trading, which people like. Good projects will be around for a couple of years at least, so I think you have to withstand fluctuations with iron hands and you'll be rewarded in the end -- this has been true in crypto for all its existence. Plus you can get really fucked with taxes depending on where you live, but it is never bad to take profits. I have a cushy job, so I'm fine with going hard, but you might be right in general. The ones that I am in are very early on in their roadmap, esp Idena.
>>21698796
get fucked.
>>21698935
>>21698972
basically this.

>> No.21699104

>>21697775
they find absolutely nothing, they just sort coinmarketcap by biggest gains and then fomo into the shitcoin that just mooned. Then they get rekt.
They really stick to it, buy high, sell low.

>> No.21699109

>>21697775
Certain tech (ie DeFi) has already mooned so you have to look for what’s next.

I have my bets on file storage/ cloud computing absolutely blowing up in the next month(s).

I’m also accumulating ai related coins for similar reasons though I expect the cloud coins to moon first.

>> No.21699125

>>21698972
>Forgot to mention that anything that opens with how much you will make by investing instead of how it solves a problem for the user is a scam.
This is such a 2017 way of thinking and why you’re shilling IOTA. No one gives a fuck about usecase during a defi boom, it’s about tokenomics and proof-of-rugproof. A lot of profits are to be made if you make the right decisions, incredibly easy 5x’s like with ORBI and FLOW. Meme ponzis like SHRIMP, CHOP and shit named after food is a fucking joke. But so is trading on binance when ERC-20 is on fire in the best possible way. why you’re suggesting is great long term but stupid short and medium term. Pretty retarded outlook in this climate imo.

>> No.21699156

>>21699109
>cloud computing
RLC Chad?

>> No.21699185

>>21699125
And yes, I do think CEX’s will be dominant long term. But not taking advantage of yield farming and microcap rugproof tokens when it’s guaranteed a few million mcap minimum is absolutely beyond me. I’ve made phenomenal trades ever since Statera started, this defi boom is the same as 2017 except the rules are slightly modified, but it takes no time to adapt. Just remember to take profits.

>> No.21699245

>>21697775
Dyor, go on twitter and look for people shilling and who actually have a successful track record in past tweets.

>> No.21699338

>>21699125
>>21699125
You just proved my point. Nobody gives a fuck about underlying value. Until they do. Then the shit collapses. Sure you can make money on these quick flips, but don't call it investing. It's gambling that you can sell it higher before the rug is pulled. Defi is hot right now. Won't be in a few months. Just don't get caught holding the bag.

>> No.21699493

>>21699338
> It's gambling that you can sell it higher before the rug is pulled
Which is why you invest in rugproof tokens with contracts that disable minting, lock liquidity, etc. It’s not rocket science.
>Defi is hot right now. Won't be in a few months. Just don't get caught holding the bag.
So you just said we have a few months to make a yacht-load of money yet you’re still interested in usecase over tokenomics that result in high ROI? Look dude, I’m not deluded. I believe in the philosophy that blockchain will be a critical structure of the economic ecosystem eventually, smart contracts will play their role, and all the things a crypto maxi believes in. What I’m not too stupid to ignore is all the money to be made between now and then. I agree with you, don’t get caught holding bags. It doesn’t mean you can’t be smart playing this game until then. It’s not even hard, if you were around in 2017 and 2018 and have done well you know exactly what I mean.

>> No.21699679

>>21697775
you can find moonshots way easier through researching fundamentals of regular stocks. You are absolutely profoundly and unfathombly retarded if you invest in shitcoins. Not saying you can't get insane gains but it's based on nothign but hype. Invest in junior gold and silverminings. Or if you are a zoomer niggerkid check out lithium and nickel mining companies in relation to the EV car markets. godspeed retarded fuck

>> No.21699763

>>21699679
It’s the rare occasion I’ve had a couple of beers but I’m kinda so jelly of stonkfags. I intrinsically have such a better feel for crypto than the stock market in terms of scams, low caps with upside, etc but I really want to learn this so I can stick a lot of my crypto profits into something steady like physical assets for retirement.

>> No.21699802

Most of the time when it’s shilled on /biz/ is already time to sell.

>> No.21699831

Is the name catchy? Is the logo good? How many coins outstanding vs price? Is the market cap realistic if it were to 10x, or 100x?

>> No.21699866

>>21699067
is 8k idena enough to be a suicide stack?

>> No.21699946

>>21699057
yeah i'm thinkin' based

>> No.21700015

>>21699866
Yes, but you’ll have to hodl like hell. Where this is going you’re going to need spacesuits, but it is a long road ahead.
It will likely pump many times over once oracles are released and its listed on coinbase, but think long-term.

>> No.21700115

>>21697775
what if I told you, you need to go outside (of /biz/)?

>> No.21700130

>>21700015
i've held eth from 10 bucks until today
so either i'm retarded (probably) or i've got the grip strength

>> No.21700165

>>21697775
i shilled Fantom more than a month ago
Unironically dyor

>> No.21700179
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21700179

>>21697775
>>What is a good way to discern value in crypto
1st step is: you find someone who is smarter than you.

>>What do you look for in a whitepaper
>>Do you even read the whitepaper? Or do you just put money into low mcap projects with charts you think look promising

you don't need to read whitepapers to invest in those projects. I think it's about identifying good marketing/community.
>>If so what do you look for in a chart
volume and you need to understand at least the basics of TA. also, you must realize that most ppl ain't making enough gains constantly because they aren't respecting bankroll management.

good rules for trading/br management usually is: don't go all in on things you don't understand. if you are betting on risky things you shouldn't do it with more than 1-5% of your bankroll preferably. if you are very skilled at it you could increase this percentage, but don't do it until you have more experience.

in other words, stick with the safest choices: btc, eth and link. those coins alone have the potential to increase your bankroll in 20x+ as long as you hodl for enough time. sure, you would like 10x gains in one day? who wouldn't? but then if you are going all in from one scam to the other you will end up busto.

I personally believe defi for example is here to stay, so if you are willing to invest at defi I would put some shekels only on safe coins: aave, snx, ren and yfi. those are the defi blue chips that are very undervalued long term. stick to it and this portion of your bankroll might go 100x+

anyway, if you have discord and would like to connect with more ppl (mostly traders) feel free to join my group. server id is r62y8vZ

>> No.21700198

>>21700015
I think all of us oldfags agree that Idena is heading places, the technology and core idea is awesome. I was Human for a while but a validation bug booted me off one and I had personal reasons to miss the next. I sold my stack plus mined tokens on qtrade during a pump and unironically quintupled it in Statera when that was low, but I’m glad to see it going up. I’ll probably rebuy my stack soon before it gets going again. Andrew and the team are based.

>> No.21700252

>>21697775
If you aint straight up gambling/chasing pumps its basically one of two things:
* Doing your research and buying bags for low/midcap projects that have good prospects and then waiting and praying
* Riding the news waves

>> No.21700276

>>21700252
This is accurate as can be.

>> No.21700285

>100 coins get shilled
>1 of them goes 10x while 99 fail
>the people who bought this one are persuaded it's because of their superior intelligence and not luck

It's called survivorship bias.