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/biz/ - Business & Finance

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26281152 No.26281152 [Reply] [Original]

Looking to get into crypto? Here is some spoonfood:

- DYOR
- Start on fiat exchanges: Coinbase Pro has the cheapest fees.
- After buying, transfer your coins to a digital wallet. Coinbase wallet is fine for a start.
- Safer coins to start: BTC/ETH/AAVE/UNI/LINK
- Always be confident in your investment choice before investing.
- Pick an investment strategy and stick to it (Ex. DCA or "always buy the dip")
- Invest with the intent to hold for years.
- Diversify your portfolio. At least 2 coins, one of which should be BTC or ETH. Never all-in one coin.
- Never buy ATH or upward trends, only dips, unless you're DCAing.
- Never sell at a loss.
- Never "panic sell". If you DYOR, you should be confident your investment will eventually be profitable, regardless of dips.
- Never let FUD dictate your actions.
- Never let FOMO dictate your actions.
- Never let your emotions dictate your actions.
- Lastly, and most importantly: Never fall for /biz/ shill coins. If you can't find good information outside of /biz/ about a coin, avoid it.

You're welcome.

>> No.26281237

>>26281152
>Never sell at a loss.
yeah, you go and try that, big brain

>> No.26281290

>>26281237
Having a tough time kid?

>> No.26281292

>>26281237
OP has solid advice and you're embarassing yourself.

>> No.26281330

>>26281152
What, am I on /biz/? What sorcery is this? Someone helping and not screaming DYOR only?

>> No.26281331

>>26281152
If you can't find good information outside of /biz/ about a coin, avoid it.

Where would you recommend "outside of biz" for info

>> No.26281341

>>26281152
At those times this should get stickied lmao

>>26281237
Almost every coin (with the exception of actual pajeetcoins) ended up at least doubling in price after 2 years at any given time, especially true for btc, eth and link.

>> No.26281413

Selling at a loss is permissible if you’ve fallen for the pajeet p&d and bought a degen shitcoin like Digibyte, RBC, BEAN, bancor etc

>> No.26281467

>>26281413
If you DYOR and ignore /biz/ shillcoins you should never fall for pajeet scams.

>> No.26281704

>>26281331
twitter & youtube

>> No.26281705

>>26281152
Seriously, where outside of biz are you getting info?

>> No.26281738
File: 58 KB, 600x1052, 2F7D729B-F1DD-41D4-8725-7246AA4BE3BB.jpg [View same] [iqdb] [saucenao] [google]
26281738

>>26281152
Have you tried going back in time and being born rich

>> No.26281754

>>26281704
What if Jeff Kirdeikis recommended a coin and so dose Josh Rager. Would you look into it more?

>> No.26281771

1. Buy something
2. See if it goes up
3. If it doesn't go up sell it and go back to 1
4. ???
5. Profit

>> No.26281806

>>26281754
*does

>> No.26281819

>>26281152
Whats with these 200 dollar gas fees nigger?

>> No.26281845

>>26281152
>- Never buy ATH or upward trends, only dips, unless you're DCAing.
>- Never sell at a loss.
you blew it there

>> No.26281893

Buy high, sell low.

>> No.26282130

Why can't I sell my shitcoins faggotOP?

>> No.26282354

>>26281152
as a beginner is coinbase pro actually a better starting point than coinbase
should i be fine with coinbase pro as a beginner if im not a drooling retard?

>> No.26282397

>>26281237
Sunken cost fallacy

>> No.26282405

>>26281705
twitter, telegram, discord, (all available on) coingecko, (or try) google search

>> No.26282465

>>26281771
>loses $100 with every trade in fees

>> No.26282492

Insufficient liquidity for this trade.
Price impact too high

>> No.26282494
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26282494

>>26281152
Should I use drugs like opiates to dull my enotions so I dont get scammed, fomo, panic sell, or baghold?

>> No.26282524

>>26281152
I wouldn't say to never sell at a loss. I recommend selling at a loss for tax purposes at the end of the year. Also I expect UNI to increase in price in the short term but not in the long term. Something else will probably take its place at some point. Besides that though it's good advice

>> No.26282565

>>26282494
I went into a coma during a gunshow on barbiturates
I got a couple of nice hats but it was worse than being blackout drunk

>> No.26282594
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26282594

Can someone explain margin trading to a brainlet?

>> No.26282655
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26282655

>>26282565
Micah?

>> No.26282669

>>26281413
rubic

>> No.26282719

>>26281152
You have good intentions anon, but:
>Never sell at a loss
If you made a mistake, it's better to take the 2-4% loss than keep holding a pos shitcoin and run the risk of losing more. SAD!
>Never buy ATH or upward trends, only dips, unless you're DCAing.
This one for newfags holds, for experienced traders not.

>> No.26282755

New fag reporting in. What do at end of alt season? Sell for BTC / stable coins or keep holding through?

>> No.26282951

How does uniswap work if you have a crypto.com wallet?

>> No.26283086

>>26282594
Google

>> No.26283718

>>26281152
What platform do you guys use to buy crypto besides coinbase? or is coinbase universally the best one?

>> No.26283752

>>26283086
Is that some in the know trading term?

>> No.26283903

>>26281152
starting points for research?
how to best indentify if a dip is really a dip?

>> No.26283999
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26283999

>>26281331
Reddit

>> No.26284306

>>26281331
Unironically telegram groups.

>> No.26284415

Newfag here getting into LINK and LTO, should I DCA or wait for the dip?