/biz/ - Business & Finance

[Anonymous No.23703443]

How do you even lose money in crypto, like literally how?

>pick a stablecoin, literally any stablecoin, BTC is probably the best bet but again, it literally doesn't matter
>Slowly invest, maybe invest more if it dumps significantly
>And then all you literally ahve to do is wait, just wait, and eventually it will pump
>sell at a profit, never a loss

How fucking stupid do you have to be to lose money in crypto, I cannot wrap my brain around this.

[Anonymous No.23703485]

they will miss haircomb

they will miss it and gonna cry about it

[Anonymous No.23703542]

>>23703443
Don't ask me, I've only been trading crypto for a week and I've already tripled what I put into eRSDL.

[Anonymous No.23703553]

>>23703443
Do you even know what stablecoin means, you fucking retard?

[Anonymous No.23703617]

>>23703553
Do you? Here, I'll help you out.

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals). Stablecoins redeemable in currency, commodities, or fiat money are said to be backed, whereas those tied to an algorithm are referred to as seigniorage-style (not backed).[1]

[Anonymous No.23703821]

>>23703443
retard gamblers who want to get rich quick spend their money when some literal who coin "moons" and end up selling at 2 cents

[Anonymous No.23703878]

>>23703617
Midwit faggot, stable coin is Tether, USDC, dao etc. not the BTC that goes 30% in a months, retard.
fucking retard

[Anonymous No.23703911]

>pick a stablecoin, literally any stablecoin, BTC is probably the best bet but again, it literally doesn't matter
it literally does matter. Pick link at 20 and you'll be at 50% loss

[Anonymous No.23703912]

>>23703878
>Getting this mad over semantics
Take it easy bro

[Anonymous No.23703933]

>>23703911
Until Link goes to 30, 50, or higher within 2 years.

[Anonymous No.23703979]

>>23703912
how are we meant to take you seriously in this convo if you can't understand basic concepts like stablecoin? dunning-kruger effect for real.

[Anonymous No.23703981]

>>23703933
hahahahahahahaha

[Anonymous No.23703996]

[Anonymous No.23704015]

>>23703979
Everyone but you understands that "Stablecoin" is an easy way to group together coins that have a relatively stable price with a general uptrend over time.

[Anonymous No.23704032]

>>23703443

It's literally that easy. Crypto is literally the easiest way to get Warren Buffet style rich yet so many people blow it cause they want to get rich even quicker.
Fucking dumb gambling addicts. Learn to play the long game.

[Anonymous No.23704052]

>>23704032
so when should i buy bitcoin

[Anonymous No.23704057]

>>23704032
You would be buying actual gold if you played the long game

[Anonymous No.23704068]

>>23704015

No Stablecoins means coins that represent a dollar or a other Fiat currency so they are "stable". It doesn't matter if Bitcoin is more stable, it's not a Stablecoin

[Anonymous No.23704082]

>>23703979
>dunning-kruger effect
Go back

[Anonymous No.23704093]

>>23704015
kek why don't you reread the definition you pasted a few comments up?

[Anonymous No.23704104]

>>23704068
Jesus christ, YOU ARE RIGHT, that is the actual definition, now please leave.

[Anonymous No.23704109]

>>23704052

Now and next month and the month after that and the month after that. Doesn't matter the price. It's called Dollar Cost Averaging and you'll always make money as long as Bitcoin has periods of going up.
It's how professional investors invest into stocks and it's how you should invest into Bitcoin

[Anonymous No.23704124]

>>23704109
but what if it crashes

[Anonymous No.23704155]

>>23704124
It has crashed, multiple times, the fact that is has recovered every time and gone on to ATH after is a very good indicator.

[Anonymous No.23704163]

Everyone eventually learns this. But it takes at least 2 bull runs to finally get it.

First Bull Run:
>buys everything
>falls for every pump and dump because they think they are priced out of BTC
>gets burned and will eventually capitulate into BTC to hold after they realize BTC is end game of crypto

Second Bull Run:
>holds BTC while the market goes up
>thinks it's going to go up forever
>iron hands doesn't sell or fall for pajeet scams
>Ends 70% down from ATH

Third Bull Run - Pending:
>seasoned in crypto
>may or may not sell to tired to bother
>refreshes biz every minute looking for a good thread
>just waiting for BTC to 10x so they can retire from the clown world
>family and friends ask about BTC, say they sold it all

[Anonymous No.23704205]

>>23704163

>family and friends ask about BTC, say they sold it all

This is really common huh

[Anonymous No.23704218]

>>23704124

Then you buy more and are happy about the cheap Bitcoin. If you don't believe in Bitcoin then don't invest in it

[Anonymous No.23704225]

>>23703617
HOLY FUCK BEING THIS DELUDED
stable coins are attached to real currency you absolute retard


>>23703878
don't compliment him, he's a dimwit not a midwit

[Anonymous No.23704265]

when do you think bitcoin will go bearish, after election anytime soon?

[Anonymous No.23704290]

>>23704265
I don't see it dipping below 10, I would go in if it goes below 13, it might pump a bit more but It will definitely dump a bit before the year is over, just wait for it.

[Anonymous No.23704312]

>>23704265
many people have been saying 9-10k since that has been a common area of support/resistance in the past

[Anonymous No.23704343]

>>23704290
>>23704312
thanks, i bought a ebook about stocks about 5 days ago haha im trying to learn. didnt know shit prior to that but ive always been interested in wanting to learn and i know money makes money.

[Anonymous No.23704358]

>>23704265

Are you a Bitcoin Hodler or are you waiting to buy? If you wait to buy what would be the price you'd buy in? A little above that is the support.
If you're a Hodler, are feeling any sell pressure? Do you think Bitcoin is overvalued right now? Or are you just waiting for the price to dip so you can accumulate more? If you feel like 2) then Bitcoin is bullish. If you feel like you should sell to take your profits it's bearish.

[Anonymous No.23704397]

BTC + hyped solid sales are my thing.

Current hyped sale that's going to do well.

>Bonded.Finance

[Anonymous No.23704409]

>>23703553
>>23703878
>>23704068
>>23704225
I use the term “Stablecoin” to refer to stable coins also, calm down you fucking autists, we all know what op meant.

[Anonymous No.23704499]

>>23704015
wow, you are literally retarded

[Anonymous No.23704506]

>>23704358
i have no fuckin idea what you aid for the most part. i dont even have much money. im tiny, 1500$ to truly part ways with and not care if i lose.

[Anonymous No.23704523]

>>23704358
id buy for sure if it hit 12k

[Anonymous No.23704544]

>>23704409
wow, another drooling mongoloid, KYS

[Anonymous No.23704600]

This thread is filled with dumb, autistic nerds. Everyone knows what the OP meant by stablecoins, no need for you spastics to throw temper tantrums. Unironically raise your T levels please.

[Anonymous No.23704643]

>>23704015
no man, stablecoin mean one thats pegged to a currecy like tether. bitcoin has been known to lose half it’s value in a day, so it’s not stable. maybe you mean a hi-cap or midcap? bitcoin is really in a class of its own.

there is bitcoin, then eth, then mid-caps, then low-caps/shitcoins. (some refer refer to all crypto as shitcoins.) stable coins are seperate from that because their market cap doesn’t matter. as long as people believe usdt can be redeemed for usd, it will be worth a dollar regardless of market cap.

to answer your original post, there have been alt-coins (non-bitcoin) that have pulled quick 10x’s, and some even 100x or 1000x. people who are desperate to change their lives get thinking that bitcoin is going up too slowly, or not enough for them to ever quit their jobs, and after watching other people get rich quick they try to jump on some altcoin or trade on margin and get rekt. lots of people just did the same thing with tesla.

also remember a lot of people who were invested in bitcoin years ago who would be billionaires got their bitcoin stolen. so be careful of that and learn the tech properly.

[Anonymous No.23704693]

>>23704015
Retard

[Anonymous No.23704759]

>>23704409
the first rule of crypto is, if you are new, you are a fucking idiot. dont let him feel like he’s smart or he’ll only be more likely to do something stupid and lose all his money.

[Anonymous No.23704812]

>>23704015
why are you doubling down on your retardation

[Anonymous No.23704877]

LARPers, OP.
9 in 10 here are larping, to see new wojak memes.

[Anonymous No.23705087]

>>23703443
If you sell your bitcoin into an actual stablecoin like tether that is a taxable event on the winnings you dumb retard. thats why

[Anonymous No.23705121]

>>23703443
I never know when to sell. Ive missed out on 50k unrealised gains because I get too greedy

[Anonymous No.23705654]

>>23704877
Yup, seems that way. Here boys, I'll give you a free one.

[Anonymous No.23705725]

>>23705121
just make up some realistic goal and don't over jew

[Anonymous No.23705808]

funny story, you could literally have held sai and doubled your money. I had 6 sai not worth converting now worth $12

[Anonymous No.23705888]

>>23703443
you dont know what a stablecoin is you faggot.

[Anonymous No.23706326]

>>23703617
retard

[Anonymous No.23706499]

Panic Selling, then FOMOing into the top.

[Anonymous No.23706596]

>>23703911
>Buy $1000 of Link at $20
>drops 60%
>Buy another $1000 of link at $8
As long as you have a stable income there is literally no reason to not do this

[Anonymous No.23706627]

agreed anybody who loses money even once in crypto should kill themselves and post their private keys here so their tokens get used by more useful people