Why aren't more people doing crypto?

[Anonymous No.26144049]

I am a huge newfag. By that I meant I started one week ago today. I put about 3k in and put money in Link (60%), GRT (20%), and Avax (20%). I've made a little over 1k so far. Why aren't more people doing crypto if the returns are this good. I understand the market falls, but if you just hodl you end up earning by the looks of it. So why don't more people do this? This seems genuinely to good to be true. I knew /biz/ existed for like 6 years now, but never went on it since I spent so much time shitposting on /pol/ and /b/ I feel like such a retard.

[Anonymous No.26144095]

People are doing this they just do it in different forms. There's a shoe stock market ffs.

[Anonymous No.26144121]

>>26144049

AVAX and GRT are scams

[Anonymous No.26144133]

Normies just have no idea and don’t take major risk with finance. They literally have to be told to do it by family, news, or a famous person. It’s sad but true, a lot of people will miss out and the majority will buy when it’s to late.

[Anonymous No.26144162]

>>26144049
It's new as all hell, hardly anyone knows about it and even less of those who know about it understand it.
As all things, it will take time, that's why this is so amazing for us, because we get to be in EARLY.
It's almost like you can't lose as long as you invest in any crypto that is actually useful. Only bad thing is that there are scams or just shitty projects.

And GRT is not a scam, don't listen to that anon.
I suggest you get in on PRQ.

[Anonymous No.26144169]

>>26144049
If you want to keep the gains rolling, then read the whitepaper for DEXG.

Also, as a tip:
80% Foundational Analysis
20% Technical Analysis

Finding projects with strong foundations is like using a cheat code. You just hold for a while, then multiply your money. Rinse and repeat, and you get the 10x a year folio.

[Anonymous No.26144188]

>>26144049
it looks scary and hard to get into from a normie perspective; weird terminology, all these different coins, figuring out how to even buy/sell in the first place. it's enough of a barrier to drive people away

[Anonymous No.26144194]

>>26144095
>shoe stock market
wat

[Anonymous No.26144205]

>>26144133
This, when it comes to people's money, either they don't have enough to invest, or they listen to "consensus" knowledge which is let money sit tight in a retirement account or a mortgage. Despite crypto getting a little media attention, it's very much outside the mainstream of investing.

[Anonymous No.26144228]

>>26144049
people are hugely risk averse with finances also youre gambling, avax and grt are garbage

[Anonymous No.26144323]

>>26144194
you never heard of stockx

[Anonymous No.26144416]

>>26144169
What good foundational analysis indicators do you use?

[Anonymous No.26144418]

>>26144228
>avax and grt are garbage
then what is not garbage?

[Anonymous No.26144438]

>>26144416
>t. Only technical analysis and then hodl

[Anonymous No.26145051]

>>26144416
lmao, coingecko supply and marketcap is basically all you need if you're gaming pump and dumps.

[Anonymous No.26145214]

>>26144416
On a more serious answer, reading the whitepaper puts you ahead of 95% of other investers. No I'm not joking. People either don't have the will, time, or know-how to read a whitepaper.

While I am 100% in DEXG, I was in LGCY months ago. The thing they have in common are S-tier whitepapers. If you read the whitepaper, you can foresee the trajectory of the project.

For LGCY, it amounts to this:
"We are a fork of TRON that will be governed by the community. As many people are turned off of TRON by its shithead founder, we can bring the project forward by forking. In time, this will overtake TRON. Also, gas fees are solved by this project."
That is STRONG foundations. Also, it helps that the team is not anonymous, so they can't P&D without a Monero hitman being sent after them.
DEXG:
"Lightyears ahead of other DEXes. Single-asset liquidity pools, strong founder, connections with legitimate projects, multiple peer-reviewed research papers for its automated market maker, etc. Also, limit orders and stop loss functions on a DEX. Also, supply is capped at 55k DEXG. No DEXG will ever be made again."
This is ULTRA foundations, a project that has the potential to shake the crypto space up and enter the top 20.

Read white papers guys, please.

[Anonymous No.26145315]

>>26145214
crypto noob here. how do i learn what all these buzzwords mean like dex, staking, delegating, oracles, defi, gas, smart contracts, etc everytime i read this shit its like another language

[Anonymous No.26145352]

>>26144323
Mfw loaded up on April 15 Jordan calls

[Anonymous No.26145366]

>>26144049
Whats stopping me from using 10x leverage and playing 1% trades?

[Anonymous No.26145462]

>>26145315
Anytime you see a term come up more than once, google it.
DEX = Decentralized Exchange
CEX = Centralized Exhange
Staking = Many different types, basically putting your coins into a contract for the promise of future returns. DEXG for example will have "stake in wallet" which means that for simply holding DEXG, you will get rewards. Not so simple for others I'm afraid.
Oracles = CryptoCurrency networks that operates solely to validate information. For example, ChainLink brings information from the real-world onto the blockchain. It does this through a complex process of nodes voting. I am not an expert on this unfortunately.
Defi = Decentralized Finance = Cryptocurrency = Shitcoins
Gas = To use the etherium network, you need to spend etherium. There is a constantly fluctuating price for the cost of "gas". This is measured in gwei. Also, this can be seen as paying for processing power as the etherium network is a "decentralized supercomputer".
Smart Contracts = Contracts on etherium = Code that runs on the etherium network. These take gas to use, but are trustless, meaning that you can't be cheated if the contract is sound.

[Anonymous No.26145464]

>>26144049
>1 week in crypto
>LINK, GRT, AVAX

Most based newfag I’ve ever seen.

[Anonymous No.26145490]

>>26145366
-1% trades using 10x leverage. I tried day-trading, learned many hours of technical analysis. To be honest, day trading is a fucking hustle. Swing trade using foundational analysis, 1/10th the work, 10x the reward.

[Anonymous No.26145502]

>>26145315
Lurk more, unironically. Just spend enough time in threads and you'll pick it up.
Otherwise, have you not heard of Google? Jesus fucking christ.

[Anonymous No.26145534]

I have tried to help friends and colleeges to invest into crypto. I have explained it to them and told them about risk and reward ratio. People don't seem to get it or think it's not worth it. I have shilled crypto to other boards, same effect. Even friends who invested into stocks didn't jump aboard. We are unironically too early.

[Anonymous No.26145700]

>>26145534
Dont worry about the normies. Institutions are investing now, the price is going up because they are competing with each other. Once eth 2.0 is solid and link releases staking their bags will be packed, and they will shill it to normies for insane moon mission.

[Anonymous No.26145711]

>>26144049
>GRT
>AVAX

[Anonymous No.26145737]

>>26145534
As someone who knows nothing about crypto, it makes sense to be skeptical. How is a digital currency an asset? Especially when you have 20 currencies released every month, how are you even supposed to begin investing? Not to mention the volatility. Listening to /biz/ memes won't get you very far. And if it's not on Etrade or some shit, nobody is going to go out of their way to search out these weird assets except hardcore investors or idiots.

[Anonymous No.26145771]

>>26144162
GRT is a tital shit system that is 100% getting obliterated by AI within 2-3 years, but it is not a scam. It's just a shit investment that targets people who don't have critical thinking skills

[Anonymous No.26145946]

>>26145315
It takes at worst a week to fully assimiy everything. BTC WP and a couple ETH YouTube videos.

[Anonymous No.26145985]

>>26145051
But unironically, what do those 2 things tell you when you're looking to make a quick buck off of dumps and pumps?

[Anonymous No.26146035]

>>26144133
>>26144188
this

[Anonymous No.26146201]

>>26144049
stay based OP.
NEVER let the midwits infect your reasoning.
Only a few high IQ people on this board have any idea of whats coming in 2021: literally the biggest altcoin bull market the world has ever seen.
I'm not joking when I say the entire crypto marketcap will surpass $20 trillion.
Never EVER let them fuck you over by telling you to "take out your initial investment after a 3x" or some boomer bullshit like that.
Whenever you get spare cash, ape the fuck into whatever coin is having a pullback.
HODL like your fucking life depended on it and I'll see you in the bahamas at the end of the year.

Price targets that you are NOT allowed to sell under:
LINK: $400
PRQ: $100
GRT: $20
AVAX: $100

Remember: ALWAYS stay based, NEVER read fud, NEVER sell, and for the love of god buy some fucking PARSNIPS

> t. 210 IQ

[Anonymous No.26146331]

>>26144049
posts like OP are the biggest sell signals

[Anonymous No.26146375]

>>26146201
Remove PRQ and Increase AVAX target to minimum 1000$.

[Chronos No.26146387]

>>26145214
>Letting other people read the whitepapers for you then just buy what they shill.

[Anonymous No.26146395]

>>26146201
XRP at 20$ EOY

[Anonymous No.26147249]

>>26144049
You'll figure out why after you've gone to zero a couple times

[Anonymous No.26147574]

How can a newfag like me get started on crypto? Should I first read the whitepapers of BTC, ETH, and other popular altcoins?

[Anonymous No.26147686]

>>26145534
my normie friend just sent me a video of "How to buy stocks for beginners". I congratulated him on finally taking the investment/trading pill, but I have no fucking motivation whatsoever for telling him about crypto. He will literally say "Oh man it's too risky lol, stocks are a safe bet in my mind".

He's going to miss out on the biggest crypto bull run of the century and I'll be the villain when I cash out my PRQ at $1000 and buy a mansion because I "didn't tell him about it"

[Anonymous No.26147756]

Newfag here.
Should I buy some crypto right now or just wait for a temporary drop and then buy?
I have 1000$.

[Anonymous No.26147777]

>>26146201
I sure fucking hope so anon. I am hodling until six figures minimum.

[Anonymous No.26147948]

>>26147777
checked

[Anonymous No.26147955]

>>26147777
HOLY BASED and CHECKED

[Anonymous No.26147956]

>>26147756
Buy crypto now but dont buy BTC with 1k, buy the way cheaper altcoins for heaps of profit

[Anonymous No.26147982]

>>26147777
based reply to schizo post

[Anonymous No.26148032]

>>26144188
...and that's a good thing

[Anonymous No.26148118]

>>26145315
When I started out I watched a lot of "crypto for beginners' vids on YT. Then I made a word file with different sections where I consolidated what I'd learnt - what is a blockchain, what are the different wallet types, how do PoS / PoW differ. I just kept adding to it and building my knowledge...

[Anonymous No.26148180]

I think when it's all said and done many people will be able to say "hey I'm really fucking glad I never got into it" and other people will say "hey I'm really fuckin glad I got into it and made some money". Nothing more nothing less.

[Anonymous No.26148235]

>>26147777
checked and based

[Anonymous No.26148687]

>>26144049
The average person lives paycheck to paycheck or consumes so much that they don’t have savings for investment purposes lmao.

[Anonymous No.26149175]

>LOOOKKK GUYS I'VE MADE 25% NEWBIE GAINS
>IT'S SO EASY, IM GONNA BE A FUCKING MILLIONAIRE
>WHY ISN'T EVERYONE DOING THIS????
>OOOOOOOOOO
>I'VE MADE 1000 DOLLARS HAHA

[Anonymous No.26149299]

>>26147955
you seem like not a pajeet. Do you mind highlighting some of the reasons you believe in AVAX, GRT, and PRQ?

Considering flipping 2k into some lower cap coins

[Anonymous No.26149427]

>>26145214
I'm still in lgcy. Why did you pull out?

[Anonymous No.26149455]

>>26149175
your isn't gonna deter me pajeet

[Anonymous No.26149492]

>>26149455
>>26149175

your fud

[Anonymous No.26149548]

>>26149455
>>26149492
Enjoy the crash then nigger

[Anonymous No.26149600]

yeah but can you stomach your networth dropping 90% in a month? can you handle several years before anything goes in the green while still buying at prices a third of your initial purchase? the volatility goes both ways

[Anonymous No.26149640]

>>26149600
at 4k he can probably stomach even 100% loss but try at 400k

[Anonymous No.26149653]

>>26149600
yeah because it is money I can waste. If I lose all the money I put in- that's fine. I was going to use it to go to Germany with the boys last Summer and it's been sitting around. So I'd literally be fine even if it went to zero.

[Anonymous No.26149687]

>>26149548
if it does, I won't give a shit pajeet, im just gonna hodl and see how it looks dec 31 2021.

[Anonymous No.26149785]

>>26145315
Lurk moar

[Anonymous No.26149969]

>>26149687
??????? insane newfag

[Anonymous No.26149973]

>>26149175
Heks right. Everyone takes a beating sometime. The sooner, the better.