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22717143 No.22717143 [Reply] [Original]

>be me
>unemployed (cuz of boomer virus)
>put 1k in bitcoin (can't afford to put in too much rn)

How much will one need to get rich off of crypto? I feel like this isn't enough. Is it too late to get rich on crypto?

>> No.22717245

>>22717143
Nah just buy whatever shitcoin is spammed on biz you’ll be rich in no time

>> No.22717261

>>22717143
Go all in on diagon

>> No.22717273

>>22717143
Bitcoin ain’t doing shit

>> No.22717278

>>22717245
i thought the rule on biz is do whatever the opposite is of what you're told (buy bitcoin if u r told to sell it)

>> No.22717337

its one bitcoin if you can wait 6 years

>> No.22717395
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22717395

>>22717143
You'll need to get lucky, anon, but you're not going to get rich with 1K in Bitcoin.
1st of all, you'll need at least 10K. You can get 10K in a day with 1K if you're lucky and get into something early and get out on time. There is something that'll X10 today. Something else tomorrow. The trick is figuring out what it'll be.
That's also the gamble.
Once you hit 10K you diversify and hold, maybe playing around with 1K, looking for another quick pump.
But you are basically just saving 1K in a relatively stable coin with a high risk, highly volatile market. It's like interest in a savings account but with a higher risk/reward factor.
Goodluck, nufren. You'll need it.
Also: If you see more than 3 threads on /biz/ at the same time dedicated to one coin, chances are it's a scam. Stay away.

>> No.22717429

>>22717278
Its not that simple. Its whats memed + dyor so you dont get burned

>> No.22717472

>>22717395
>Also: If you see more than 3 threads on /biz/ at the same time dedicated to one coin, chances are it's a scam. Stay away.

i knew this but completely ignored it when the STA shilling was in full force. that shilling was completely inorganic. i have no idea how i thought that people genuinely cared about my financial wellbeing and took their time to make paragraphs-long informational guides and flyers in photoshop about STA.

>> No.22717507

>>22717472
interesting. i got a corona anagram ID

>> No.22717527

>>22717395
>Also: If you see more than 3 threads on /biz/ at the same time dedicated to one coin, chances are it's a scam. Stay away.
Eh

>> No.22717566

>>22717395
isn't bitcoin supposed to go up? there's supposed to be a bull run, people are saying.

>> No.22717680

>>22717566
no nigger

>> No.22717852

>>22717566
I doubt it. People are saying it, but unless you're making big splashes in Bitcoin, your gains will be minimal.
I think Chainlink is going to have another run before Bitcoin.
That said, Bitcoin and Ethereum are your safest bets for small, consistent growth. Especially if you're looking to invest and forget. But if you want to make it, you've got to play it.

>> No.22717972

>>22717527
>More than 3 threads on /biz/ at the same time dedicated to one coin
Looks like LINK is a confirmed scam coin since a while back

>> No.22718170

>>22717972
Chainlink was a Ponzi Scheme that got memed into a real coin. The Ponzi Collapsed in last month. Early adopters got rich. Nufags got played. But the memes attracted the Normies who are too stupid to realize that they are the bottom row on the Ponzi Scheme and are going to hold forever.
Once the whales realize this, they'll pump it again and dump hard AF, this time crushing the "forever hold" retards too. But if you're smart enough to get in on the action, you'll see another Link payday.

>> No.22718232

>>22717852
I'm still gonna hold my BTC and ETH. I have 1 LTC too. What about XRP? Is that something that can bring a lot of returns?

>> No.22718287

>>22718232
Xrp and link, don’t be stupid!

>> No.22718420
File: 139 KB, 2338x1260, OM.jpg [View same] [iqdb] [saucenao] [google]
22718420

Bought 8k OM with some of my 2500$ stimulus. Put it immediately to stake. 88% APR. Spent less than 2k and earning 3$ a day. That's about 100$ a month at current crashed prices.

>> No.22719305

>>22717472
Too bad you'll miss out on STA because you're a fuckin retard that doesn't know how to hold

>> No.22719552

>>22718170
dr;ns

>> No.22719607

>>22717245
This unironically may be correct but pick the wrong one and youre at $0

>> No.22719641

>>22717507
corona nwo

>> No.22720786

>>22718232
BTC and a little bit of ETH are unironically the only non-shitcoins worth holding long term. If you can hold for a few years, you should 10x on that alone. You may want to sprinkle in a couple shitcoins to juice your returns, but make sure to sell your profit back into BTC.

>> No.22720928

>>22717507
Corona isn't the anagram you fuvking retard

Rocaonwo is.

>> No.22721300

>>22717143
Yes easily, but only by actively swing trading.
Though this is best done by bots, but a decent bot should be able to scalp about 1% profit per day on average.