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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25972329 No.25972329 [Reply] [Original]

>put $7,300 into crypto since I started in november 2020
>total portfolio is only at $8,133 right now

can someone on /biz/ help me get some gains

>> No.25972360

You are going to want to kill yourself if you don't buy at least 25 avax right now

>> No.25972370

>>25972329
lol you didnt lose money

>> No.25972427

Me 8400 to 13300 since November/late October
Still shit, should be at 25k by now

>> No.25972477

>>25972360
shill me on avax anon

>>25972370
I know but $1,000 total gains since nov is shit, look at this dude right here >>25972427

>> No.25972507

>>25972329
LMAO i did the same but now i got 49k.

>> No.25972510

>>25972329
Buy some AVAX. This stuff isn’t hard fren.

>> No.25972511

>>25972477
quick AVAX rundown

Emin Gün Sirer:
>Cornell CS Prof has been in crypto since BEFORE BTC
>is the Number 2 in Cornells IC3 (Ari Juels is number 1)
>h-index of 46 (Juels h index is 83), nobody in crypto comes close to these 2 gigabrains (Vitalik has h index of 27 FYI)
>EGS recognized the importance of Chainlink from early on and is in close contact with the Flannel Man
>Vitalik endorses EGS and is already looking at "Athereum", a Subnet on Avalanche to solve what he cant do with ETH 2.0 https://athereum.avax.network/

Avalanche protocol:
>The third consensus protocol after Nakamotos Proof of Work and Classical Protocols
>This is not repackaged shit with minimal tinkering here and there, its a completely new family of Consensus Protocol
>4500+ REAL TPS (no bullshit account tricks, batching, or L2), sub 3 seconds finality
>already more decentralized than everything else in crypto running a Node is really easy and hardware requirements are low, anyone can do it
>basically consensus is reached by probabilistic sampling thousands of independent nodes over multiple rounds
>Resist 51% attack (need 80% network control to take over)

Full EVM support:
>Low friction of adoption for projects developing on ETH
>All Ethereum smart contract and infrastructure can work on AVAX out of the box which means all the slow DeFi running on ETH right now will switch to AVAX to speed it all up
>AVAX nodes will Validate ATH (Athereum) which makes running a node very profitable

Subnetworks:
>This is Avalanches bread and butter. Independent networks can be launched on Avalanche, with near infinite customization. Athereum is a good example of this.
>Big picture: Within one year, the best parts of the entire cryptocurrency ecosystem can be mirrored on Avalanche. Giving it all the TPS, scalability, and speed, and also interoperability with the entire ecosystem.

>> No.25972582

>>25972477
If we bought had gone 100% into BTC we would be at over 25k now

>> No.25972665

>>25972329
kek
look at all these AVAX shills spamming their shitcoin
NGMI

>> No.25972696

>>25972511
any interesting projects being built on it yet?

>> No.25972705

>>25972329
What did you buy? Obviously not LINK like you should have

>> No.25972727

>>25972477
Wtf did you even buy? Personally, I made a killing in November off of my XRP sale at the top. October/november were great months to do any sort of buying, I actually regret selling my UNI and BAND stacks now that they moved up

>> No.25972733

>>25972329
Yeah, all in on shorting BTC. Whatever setup gets you a liquidation price of $43k.

Close the position in two months.

>> No.25972736

>>25972329
10% over two months and you're crying like a baby. what an idiot

>> No.25972787

https://app.uniswap.org/#/swap?outputCurrency=0x9c405acf8688afb61b3197421cdeec1a266c6839

> Dogecoin Yield Farming Platform
> liquidity locked for 100 years , team cannot remove
> not even on coingecko yet, less than 50 accounts hold this
> marketing starting now
https://dogeyield.com/

Tiny market cap this will 100x

>> No.25972813

>>25972696
Anything on ETH can be ported over out of the box and once they see the gas is nothing they are likely to switch

Someone from the ETH genesis block (likely Vitalik) bought $2.5m worth of AVAX in the IPO

>> No.25972907

>>25972329
Stop investing in shitcoins you retard.

>> No.25972940

>>25972705
>>25972727
I made some VERY stupid trades, especially at the start. I bought XRP at 0.60 TWICE. Locked in my $800 losses & moved my XRP into GRT right after it mooned, like an idiot. Took a few hundred dollar loss on that as well. Loss ~$175 on REEF when I joined that discord PND scam group. Also put ~100 into ERSDL & $600 into WOZX at >$3.

I guess when I look at all the losses I've taken I should be happy I'm in the green at all lmao. Important lessons to learn I guess albeit expensive ones.

>> No.25972964

>>25972329
That's enough money to just put in BTC/ETH/LTC and wait. You'll have a 6 figure portfolio within a few years. If you start fucking with low MC pajeet coins and stuff /biz/ shills, you'll probably lose it all.

>> No.25973068

>>25972329
Buy 50% of blue chips (BTC, ETH and LINK)

and 50% to soon moon, say INJ, ADA and DOT.

>> No.25973243

>>25972329
LOL you can make that same amount of profit in literally minutes trading options in the stock market. I've made 5 grand just this morning buying and selling call options on BBBY. Buy some Twitter puts too cause that shit is going down. TSM calls if you want to as well.

If you're gonna gamble, you might as well make it worth your while.

>> No.25973343

I am unironically retarded and I made $35k since April just by buying the coins with the best memes. Wtf are you doing nigger?

>> No.25973373

buy XCM and PRQ right the fuck now you retard

>> No.25973379
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25973379

>>25972940
oh shit nigger what the fuck are you doing
if you can't distinguish scams and shitcoins from good investments just buy BTC and ETH

>> No.25973586

>>25972477
all you had to do was buy Bitcoin, you're over thinking it. My advice is put the majority of it in BTC/ETH, Put a couple of grand into strong Defi projects like Aave and SNX and then gamble a couple of hundred on low cap shitcoins.

>> No.25973667

>>25973379
>>25973586
Yeah it was retarded. I feel like I'm doing a bit better now though, got into PRQ at 0.60, 0.46 & 0.47. Also got a BAO sui stack. I'm actually confident in PRQ and BAO seems slightly less rugpull-esque than the other low mcap coins I see shilled here. besides that & my ERSDL & WOZX bags I've got BTC & ETH.

>> No.25974090

>>25973343
but xrp had the best memes

>> No.25974535

>>25973667
Jesus anon, you're going to be broke by the end of the year.

>> No.25974563

>>25972329
Take your time. Growth is exponential but loss doesn't care how much you have.

>> No.25974767

>>25972511
If AVAX was any good you would be able to buy it on coinbase. Total SCAM coin. AVOID.

>> No.25975129

>>25974767
literal coinbase dev just joined their team but okay LMAO

>> No.25975425

>>25972329
>xrp
>grt
Your problem is that you buy coins that are being actively shilled to you on /biz/ instead of doing your own research. A coin is shilled on biz when people already accumulated their bags. Then you buy, and then they dump on you. Look for coins that are under the radar. When a coin is shilled to you and it is on the ATH DO NOT BUY IT. the time to buy it for significant gains was 6 months ago. Leave this imageboard and DYOR more thoroughly.

>> No.25975531

>>25975425
/biz/ has given me the only gems I'm holding rn though, PRQ & BAO. I literally would not have heard of those for at least another year if not for /biz/.

>> No.25975540

>>25975425

how is your methology for researching projects?

>> No.25975582

>>25972329
Stop buying shitcoins and buy BTC

>> No.25976147

>>25975425
How to research? :(

>> No.25976195

RSR & LGCY. All you need

>> No.25976403

>>25975582
I need to know. Is it page 2 on schwoogle?

>> No.25976633

>>25974090
XRP was a meme in itself. Centralized Jewish banking coin. What is the point?

>> No.25977229

>>25975531
>BAO
The fuck ?

>> No.25977269

>>25976633
I agree. I bought into the XSG threads hard lmao.

>> No.25977318

>put 2600 in November
>at 5.5k

How have you not doubled your money. a poorfag like me did

>> No.25977462

>>25972727

I'm almost mad at myself for not selling XRP. I bought in at .20 and watching that shit run to .70 was amazing. I should have sold before I went to bed on the night on the SEC announcment - it was at .55

If I had done that would be up 300% instead of 50%, e.g., I spent 24k and its worth 36k as of this morning.

I'm hoping to not make the same mistake again if the Tether announcement really does put an end to this run. Anyone got any advice on how/what to do?

I'm pretty diversified on ETH/XRP/XLM/ALGO/GRT/LTC/XTZ, no linkies because I was swinging from $10 to $12 and made like 3k but I missed takeoff.

>> No.25977531

Find a forex broker that also allows crypto trading and trade with leverage.

>> No.25978126

>>25972511
>>25975540
>>25976147

Okay, friendly advice for newfags. Forget ghost chains (no traffic or fake traffic) and forget centralized chains (usually ghost chains). The largest part of development activity happens on ETH. That won't change anytime soon and is also what matters most. The only relevant "competitor" to ETH is DOT and does not necessarily have to be regarded a competitor. Invest most of your money in BTC, ETH, DOT, LINK. Invest less money in promising projects (such as SNX and many others). If you want to research, then focus on development activity, quality of development and actual usage (differentiate between fake traffic and real traffic).
Print this and read it out loud every day.
That's all you need. Thank me later.

>> No.25978410
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25978410

I'm in the same position as OP, seems like trading with leverage or options is the way to go, but I'm too much of a brainlet.
If you fuck up a trade, do you end up owning money to the exchage? what if you can't pay it back?

I just need a 5x to move from my shitty country for at least a year.

>> No.25978487

>>25972940
damn that sucks man, I fucked up and sold all my lumens in october at its lowest and never bought back in and bought ALGO at .60 so we all my make some dumb moves here and there. It gets easier just have to figure it out

>> No.25978506

>>25972940
Stop gambling on shitcoins
BTC/ETH/LINK

>> No.25978624

What did you buy anon??

Since your noob. I suggest BTC ETH LINK and maybe DOT (Eth competitor). DCA every month into these and you'll be happy in a few years.

>> No.25978678

>>25972940
All of this and you could just bought 1 of Parsiq, Link, PNK, or ETH and made better, safer, gains

>> No.25978804

>>25978410
I'm also kinda curious about leverage trading, is it possible to put myself into debt to binance or some shit if I fuck up?

>>25978487
yeah thanks anon, sucks knowing you made some retarded moves but I definitely feel like I learned about actually DYORing lol

>>25978624
you can see my main losses >>25973667

>>25978678
I know, it was stupid. I'm feeling pretty comfy about PRQ now though. You think LINK & PNK are worth getting into? I do like ETH but I feel sort of priced out on it.

>> No.25978841

>>25973068
Mega cringe.