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/biz/ - Business & Finance

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28420079 No.28420079 [Reply] [Original]

ATTENTION ALL NEWFAGS
This is the thread shills don't want you reading. It is time for your redpill.

In 2017, when crypto had begun to explode, the shitcoin phenomenon was starting. Us oldfags didn't understand it at the time, but now we do. There were many projects talked about on /biz/ that had potential, or so we thought, and we all bought some of it: Funfair, Enigma, Redd, Request, even Potcoin because it was going to appear on TV - and countless other brand new shitcoins.

The results? We are holding these bags up to this day, and we will never sell them. Some of these coins are not even listed on exchanges anymore. Why did that happen? Simple: many of these were coins with NO REAL WORLD PURPOSE. They were just a new coin, and people buy them because its cheap, and shill it to everyone because of the gain possiblity.

Shitcoins are nothing but gamble coins.

And what are you newfags being exposed to, right now, when you browse /biz/? The shitcoins from 2017? No. The brand new shitcoins, just created a while ago, and the scam continues. Like us oldfags, you'll be holding 99% of coins talked about on /biz/ forever, and they will never go up in price, and 3 years from now nobody will discuss these shitcoins.

What is the lesson here? Stick to the real projects with real life application. There aren't many of them. The strongest examples:

>Bitcoin
>Ethereum
>Litecoin
>Chainlink
>Ripple in case the technology is ever used by banks (doubtful by now)
>iExec (used for computational power IRL)
>Monero (the best daily use coin, because of privacy. This is the real crypto as currency coin)


That is it. You shouldn't be buying anything else. Most of them will be shitcoins. Some may be legit, Enjin has been authorized by the japanese government recenlty to be used as a gaming coin. Cardano is tryiing to compete with Ethereum.

But in reality, there are about 10 coins that are worth buying, because they are real projects

EVERYTHING ELSE IS A GAMBLE SHITCOIN

>> No.28420368

so, learn from the oldfags

There are over 5 thousand shitcoins. Five thousand. If you think one of them will moon like crazy over many years because /biz/ is shilling them right now, well, it won't.

Best case is you get in the gamble early and exit before everyone else and take a profit. But that is gambling, not investing. You'll probably get fucked.

>> No.28420600
File: 7 KB, 236x151, 1613065322405.jpg [View same] [iqdb] [saucenao] [google]
28420600

>real projects
>litecoin

>> No.28420602

This thread will get no replies because shills are scared of people understanding this

>> No.28420736 [DELETED] 

>>28420079
>Not including Cardano
ngmi

>> No.28420758

>>28420600
You are right, out of the bunch litecoin is the most pointless, I mentioned that on an early thread I made about this same topic.

But litecoin is as established as bitcoin by now, paypal accepts litecoin amongst the very few coins it allowed, and mastercard is likely to do the same. It has real world application, even though as a project there is nothing special or unique about it

>> No.28420862

>>28420736
I did at the end faggot

>> No.28420970

>>28420758
>as established as bitcoin now
name a company with litecoin on its book? this thread is doing more fucking harm than good for the newbies as they'll see the "cheap price" of 1 litecoin and snap it up. gtfo.

>> No.28421080

>>28420602
this thread is getting no replies because it's a fucking retarded thread in every sense of the word.

>> No.28421624

This post is really clever. I giggled gilles.

>> No.28422044

Retard

>> No.28422093

>>28420079
if you startk with very little money, you need these 10-100X shitcoins so you can buy steady coins, do you understand this ? ??? You dont think something like Rubic, potentially going from 0.01 to 10 is a good thing to buy ? just kys

>> No.28422340

>>28422093
>He's already been scammed by the pajeets,

Start prepping your pink wojak folder.

>> No.28422442
File: 14 KB, 480x474, pepe_ehh.jpg [View same] [iqdb] [saucenao] [google]
28422442

don't care, still making gainz

>> No.28422470
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28422470

AMP

>> No.28422530

>>28420970
>name a company with litecoin on its book?

Litecoin's ATH was double what it is right now. And companies like paypal are working with litecoin now. don't know what company is hoarding lite though, if any

>> No.28422563

>>28420079
It's sad really, as a 2017 fag only thing still shilled on here is link everything else from that time is worthless and all these shitcoins being shilled now will follow the same fate.

A new generation of bag holders

>> No.28422652

Shut up nibba is this your first 10% income ?
don’t be a tard who says shit here
tell me what bot u use for it
I am clever enough to understand how it’s working
Bot Ocean - that what u need

>> No.28422655

>>28422442
You took profits? Right Anon?

>> No.28422660
File: 1.47 MB, 800x800, 1612543197314.png [View same] [iqdb] [saucenao] [google]
28422660

dont care still buying reef

>> No.28422678

>>28422093
>if you startk with very little money, you need these 10-100X shitcoins so you can buy steady coins, do you understand this ? ???

I do, and I am warning poorfags that if you go that route, and are greedy, you are more likely to lose everything and carry bags forever.

If you buy established projects, gain may start slower, but there will be gains.

>> No.28422794

>>28422563
yeah, that is the lesson I hope newfags learn

Nobody is going to be talking about the shitcoins you bought this year 3 years from now

>> No.28422820

>>28420079
this is excellent shilling for proven garbage litecoin

>> No.28422917

bumping the redpills

>> No.28422950
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28422950

>>28420079
>2017
>oldfag

pick one. Your argument is sound, but let the people see the real genesis of the shitcoin era, 2013.

Look at the all-time charts for 2013 shitcoins like FeatherCoin (pic related), PrimeCoin, etc.

They will see that shitcoins emerge during the beginnings of BTC bull cycles, experience a secondary pump cycle, then fade away. DYOR on this and it's true.

Look at shitcoins that were released in 2013 and see that they have been abandoned this current cycle.

>> No.28422966

>>28420079
In 2017 when did the shitcoin market become bearish? Were there early signs or did it all come crashing down suddenly?

>> No.28422997

>>28420079
Nice rlc shill newfag

>> No.28423269

>>28420079
damn I remember ENG shills
> BEST CAMBRIDGE AND OXFORD PHDs IN THE TEAM TO THE MOON

I bought and sold when got 1.5x.

>> No.28423606

>>28420079
Stealthy RLC shill post, holy lmao

>> No.28423680

>>28422655
nope. reinvested. in this shit for the long haul babey.

>> No.28423813
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28423813

>>28420079
none of the coins you listed have "real world purpose" you retard, it's all speculation

>> No.28423848

>>28420079
Shitcoins are still lucrative. As long as you have an exit strategy, it doesn't matter what you're buying. If you're buying "rEaL" cryptos for "sAfEtY" then you're gonna get rekt eventually. Finance people don't understand how awful the technology behind bitcoin and its derivatives actually is. The second big that businesses begin relying on it as a form of currency, the curtain will be lifted and it will dump like a rock, and some actual smart people at Stanford will be commissioned by the US government to engineer its replacement. We don't know what that will be, but it won't be anything built on ethereum. Just know that every single coin you hold will be worthless someday and know when to sell so you aren't holding the bag.

>> No.28423878

>>28422950
thank you for the wisdom originalfag

>> No.28424025

>>28422966
>Were there early signs or did it all come crashing down suddenly?


Mtgox got hacked
Korea FUD loaded

and finally, bitconneeeeeect, with thousands of normies getting JUSTed. Then everyone started selling, causing everyone to sell more, and it was over.

Back in 2017 we didn't have all the institutions on board with bitcoin as we have now however, they were different times. Personally, I don't think we'll see a big crash like that for many years now. Crypto is just geting started.

>> No.28424134

>>28423813
>monero being used by criminals for 2 years now to avoid the feds

that is real world purpose as it gets

And soon all normies will start using as well to avoid taxation as much as they can

>> No.28424396

>>28423848
>thinking people will use a government issued scam coin that can be printed at will, instead of self regulating coins that have full anonymity added to them so we can escape government taxation

lul

we are already using decentralized crypto to escape government's money printing scam, we are not going back to that

>> No.28424696

Good thread OP. Ignore the disgusting brown shitskins telling you otherwise. People need to learn that shitcoins are danger territory and you need to back the ones who show actual promise. Not garbage like mcdc and etc.

>> No.28424714

>>28424396
>he thinks bitcoin wasn't created by a government agency
lol I bet you think Satoshi is some lolbertarian weeb don't you?

>> No.28424848

>>28420758
>>28420970
>>28422530
Are you clueless faggots fucking retarded? Its grayscales fucking 3rd holding and they've been accumulating like a motherfuck, check the volume on this bitch. It wont pump. It will melt fucking faces in the coming months. 1k eoy is fud. It's THE bluechip to be in right now and you're spewing this shit, go the fuck back.

>> No.28424860

>>28420970
Lite probably will go up eventually, unlike something like Link

>> No.28424946
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28424946

>>28420079
>muh use case
Reminder that DOGE has the 12th highest market cap of any cryptocurrency. Use case has never mattered, and it never will.

>> No.28424953

>>28420079
>iExec
>not a shitcoin

The idea is nice, but like Ada at rhe end of the day is just academical bullshit, they dont deliver shit. That's without speaking over privacy concerns, which is the aquiles heel of their tech.
Check avax, one of the few legit projects of this shitcoin waves

>> No.28424998

>>28424714
>government created something that can make government smaller, and also gets rid of thirdy party payment processors

I'm ok with this

>> No.28425183

>>28424998
>gets rid of thirdy party payment processors
It doesn't though, that's why it needs to be replaced.

>> No.28425199

This is a good thread and OP is not a fag.

>> No.28425376

You won't make money investing into the coins with market caps in the billions.

>> No.28425474

GET IN HUSKY ANON !

>> No.28426262

>>28425376
Define "make money" cause you would in my world