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

/biz/ - Business & Finance

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26582783 No.26582783 [Reply] [Original]

>> No.26583238

I'm really dumb and just starting to learn about this in my 40s.

>> No.26583300

>>26582783
Do I have to be?

>> No.26583517

>>26582783
>Using Twitter
Ngmi

>> No.26583561

>>26582783
+743% of 0 is still 0.

>> No.26583629

>>26582783
I don’t have the capital or the balls to go all in on one project

>> No.26583652

>>26582783
just started learning, and hesitated to much in my 20s to invest in things i knew would make it... still hesitating and trying to yolo it... rich or homeless i guess

>> No.26583748

>>26583517
Twitter is unironically the best breaking news service now. You dont have to like it, but if you can drown out the noise, it can be a really useful indicator

>> No.26583832

>>26583748
This is unfortunately true

>> No.26583941

>>26583748
I prefer screenshots of tweets over here.

>> No.26584168

>>26582783
Cause I don't have 100k to invest with, getting there though

>> No.26584287

>>26582783
Yes, I don't have a crystal ball

>> No.26584559

>>26583238
You're in the 0.1% of boomer population and 1% of total population acquainted with crypto so don't beat yourself over it. Just don't fomo in on one single coin

>> No.26584772

>>26583748
It just makes me feel sad seeing what dumb things people say. I'd rather have it distilled through unironically saner minds here on 4chan

>> No.26585760

>>26584559
How long do you think cryptos can make exponential returns? I don't yet have access to that much capital and I will graduate in 4 years so I hope it's still possible in the next 10 years

>> No.26586347

>>26582783
Is it time to starting shorting all of these now that the bubble is at its peak?

>> No.26586464

>>26585760
We're going to see a bull run this year that will be on the scale of 2017 run. BTC price predictions go anywhere from 150-350k, which is 5-10x from here on. Then it will crash by 85% back to 30-60k. It's a 4 year cycle. There will always be opportunities for you, you'll just need to understand what the space needs with each coming cycle. First it was a trustless cash system that provided resistance to any censorship any denial of service to its participants. Then there were smart contracts and the ability to execute functions based on preprogrammed triggers. There are oracles that facilitate bringing data from the real world legacy system on the chain to expand the smart contract potential. DeFi proved this year that with time and enough intellect they can provide much better services and returns than traditional finance can, and we'll see if it materializes in the next bullrun. So many things are starting to pop up it's hard to follow up and it's nice to see new opportunities emerge every year.

>> No.26586772

>>26583748
how do i figure out which people to follow though? can i get a quick rundown of your key follows? i'm socially retarded and that includes social media.

>> No.26587042

>>26582783
2020 returns:
> AAVE: +49,908%
> THETA: +2,0175%
> SNX +1,380%
> ETH +654%
> DOT +506%
> XEM +455%
> BTC +254%

>> No.26587097

>>26582783
I wasn't brave enough to invest in Bitcoin in 2017 and again march last year.

I would've been a millionaire today.
I can't get over that fucking regret now all I think about is to Seppuku Harakiri my ass. Fuck

>> No.26587369

>>26586464
So do you think Defi is the biggest opportunity of the coming bullrun?

>> No.26587507

>>26582783
i don't have enough starting capital.

>> No.26587572

>>26587507
lever up

>> No.26587585
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26587585

pic related

>> No.26587660

>>26583561
+743% of 0 is infinity

>> No.26587690

Even in the case where you land on black and hit the 7x, you have to put at least 150k on that once-in-a-lifetime win to hit 1mil. Your average anon is probably slightly above-average and clearing maybe 70k/yr, which is really 55k/yr after taxes. They're not going to gamble three years of savings on a meme stock just for the hopes that it will defy all historical evidence to become successful.

>> No.26587739

>>26586464
cool but doesn't turn anyone into a millionaire if they bought at current prices today
those days are over now and only wealthy people can get in and make live changing money

defi = not your keys not your coins

>> No.26588041
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26588041

>only made 100% returns last year
I'm never gonna make it, am I?

>> No.26588158
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26588158

>>26582783
I went all in on oil after tankerstocks failed me

>> No.26588222

>>26583748
This is false. Twitter is full of libshits and their opinion does not matter. You will eventually start being brainwashed by them, and start making decisions based on poor advice on Twitter.

>> No.26589857

>>26587369
DeFi is still innovating and evolving. It's stretching out and figuring out what sticks and as such development will take a while and I expect the run to pass it by. This is coming from a technical standpoint, price actions might still be considerable. Chainlink will be the frontrunner at the moment.

>>26587739
Yes, I agree. Days of randomly stumbling onto a coin and getting a x100 are gone. Most I expect is to get a x20 with the right coins and you'd need 5 figure capital in order for it to propel you to a million. But I'm not sure I agree on DeFi being a liability. It's supposed to work in the way that you put up a collateral in order to get a loan for example. While a normal bank might sit on your house for failure to repay, a smart contract may just liquidate your position when triggers are reached. The dozens of hacks we've seen this year was the most expensive bug testing we've seen in crypto to date as most common exploits have already been patched. It wasn't always due to technical implementation alone, often they were just a half-assed attempts to cut costs on development by picking the cheapest solution possible (such as oracle vector attacks) or just lazy development. DeFi will iron out its kinks in the coming years.

>> No.26589960

>>26582783
You have to have money to start making money and I as a east TN backwater dude have never had money.

>> No.26589987

>>26582783
Delete

>> No.26590060

>>26583748
This. There so much good info on fintwit

>> No.26590812

>>26589960
I started out with $20 or $100 - whatever I could spare. This year I’m up $2K and getting my accounts and knowledge up to start making some bucks. You don’t need to be a whale to make money, just take profit when needed and don’t be greedy. I might not be 7 figures when I’m done but I’ll be OK.

>> No.26590897

>>26584559
UNLESS that one single coin you are fomoing into is FTM.

>> No.26590924

>>26582783
Peter Schiff btfo again

>> No.26590996

>>26582783
taxes

>> No.26591119

>>26590812
>Check bank Account
>What if you have $5 and your next paycheck is next friday?

>> No.26591162

>>26582783
i was into oil lol

>> No.26591234

>>26586464
"muh cycle"

>> No.26591636

>>26582783
Yeah i bought Rubic and now it happened

>> No.26591656

The secret is USING Defi. I got over 50k in airdrops last year and I'm expecting six figures this year.

Keep an eye out for promising new protocols and use them.

Also of you have money in the bank convert it into a stablecoin and yield farm. Easy 40-50% apy right now

>> No.26591726
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26591726

>>26591234

>> No.26591809

>>26583238
dont worry just buy xrp

>> No.26591849

>>26591656
redpill me on this
can i 'use it' with usdc

>> No.26592015

>>26590060
those are bots
>>26588222
it's true. if you get your news from 4chan instead, you won't get brainwashed

>> No.26592082

>>26584559
He's a Xer. Not so excepcional. Boomers are all in the old folks home, by now.

>> No.26592123

>>26591849
Look into Shell and Curve.fi for farming with stablecoins. Also v2 of Alpha Homora will have leveraged stablecoin farming

>> No.26592197

>>26583748
What's your follow list?

>> No.26592226
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26592226

>>26582783
Was drifting for most of my 20s until deciding to get my shit together last year.
Those returns (if legit) remind of Peter Lynch's prodigious snowballs in the early 80s. Unironically jelly

>> No.26592347

>>26583629
>I don’t have the capital or the balls to go all in on one project

Get a loan, but then that requires the second factor to be fixed already, desu.

>> No.26592554

>>26583832
>>26583748
What's your follow list?

>> No.26592701

The vaccine companys will crash through the floor once this is exposed to more people as a hype festival.

>> No.26592954

>>26592701
>> /pol/

>> No.26593229

>>26582783
Outperformed them with shitcoins

>> No.26593804

>>26590897
Partnerships with Afghanistan and gulf states make me vary. It's a good project, but definitely smells some shit behind the scene.

>> No.26594269

>>26587369
Non fungible tokens (NFTs)

People are unironically spending huge amounts of money on digital items already (look at fortnite..) and this trend will only continue. Being able to have your ownership of a digital item (artwork for example) recorded in a blockchain and being able to transfer the ownership is a really really good usecase.

>> No.26594764

>>26588222
same applies here but in reverse lmao

>> No.26594810

>>26582783
No money.

>> No.26595215

>>26594810
No Problems

>> No.26595371

>>26582783
I'm not rich enough to gamble in the ponzi scheme that is called the U.S. stock market

>> No.26595403

>>26595215
Mega problems, no money.

>> No.26595557

>>26595403
Im
Coming

>> No.26595641

>>26595371
Simply this

>> No.26596533

>>26594269
what are the most promising projects atm?

>> No.26596625

>>26587097
Same bro but remember there's always new opportunities. There's no "this is the last chance you had to make money", and remember you only have to win a few times in a row to make it, not every single time.

>> No.26596885

>>26591726
Only time will verify.

>> No.26598243

>>26586464
literally everyone in crypto world is saying this, which is exactly why it won't happen.

Either we go back to 20k and lower or we go insanely higher, not just the range where most idiots believe Bitocin will go

>> No.26598350

>>26582783
I pulled bigger margins trading shitcoins through 2020 but I didn't have a lot to start with.

>> No.26598385

>>26598243
What if I told you we will go to 20k then rise to 900k?

>> No.26598487

>>26598385
I would say it is possible.

>> No.26598677

>>26582783
I'm 18 years. How do I become rich if I have very little money though?

>> No.26599013

>>26598677
suck cocks, buy linkies

>> No.26599239

>>26598677
Change your name to Richard

>> No.26599280

>>26599013
Give me a good reason why I should buy link

>> No.26599423

>>26599239
Thats my name and all I do is lose

>> No.26599433

>>26599280
I remember seeing it for under a dollar.

>> No.26599559

>>26598677
I'm 18 and made 30k from 800 then lost it all trying to get to 100k, almost did so 3 times though

>> No.26599642

>>26587585
>computer model made by idiots says so
lmao. Rich people get rich. If being smart made you rich, accountants wouldn't be working with someone else's money, but their own.

>> No.26600427

>>26599280
it's the number 1 most shilled coin on /biz/

>> No.26600602

>>26599559
By doing what?

I know someone my age who earned 50-60k from working off shore. (I live in Norway)

>> No.26600917

>>26582783
Because you’d have to put in $135k in Tesla to be worth a million now. 90% of people, especially younger ones, don’t have that much capital to throw into 1 stock.

>> No.26600967

>>26582783
I would have needed to put like 100k into any of those stocks to become a millionaire off their growth.

>> No.26601281

>>26582783
I was using bitcoin to buy drugs online back in 2015. had 7 bitcoin got scammed.
had 200k ripple then i got a DUI and paid lawyer. never bought back in. I cry all the time. was 20 at the time

>> No.26601690

>>26583238
Same here anon, I'm 42 so don't feel so bad. I grew up in a trailer park and I was a poorfag my entire life. It took until my mid-30s to conquer my bad start in life and until late last year where I actually had any free capital to invest aside from my 401k at work. I think WAGMI eventually.

>> No.26602227

>>26589857
>>26596625
True

I invested 80% of my net worth in bitcoin @ 30k
low 6 figure sum

I intend to hodl for 5-10 years maybe more if defi becomes legit and I can live off interests

>> No.26602324

>>26601281
lmk if you wanna talk about it...

>> No.26602709

>>26582783
I'm currently working my ass off to invest more, covid recovery is turning out to be beneficial to me.

>> No.26602776
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26602776

>>26582783
I am though

>> No.26602827

>>26602709
for me*
I'm ESL sorry

>> No.26603227

401k 13%.