/biz/ - Business & Finance

[Anonymous No.2852928]

I`m new to this board and interested in what you guys do.

How do you guys here make money?
How do I get into investing?

[Anonymous No.2852936]

>>2852928
>take all your money
>put it all on Litecoin
>?????
>profit

[Anonymous No.2852945]

everybody here collects fake coins represented by cute logos.

hope this helps

also when pink wojak is high, buy buy buy

[Anonymous No.2852950]

New here too. So far ive learned im a fucking idiot and everyone here wants a lambo on the moon.

[Anonymous No.2852959]

>>2852928
I could point you at Coinbase and suggest a bunch of shitty trades next week when you've finally got btc, but I grow tired of this dance. Just give me your money.

[Anonymous No.2852961]

>>2852928
it's real simple:

buy the dip
sell the peak
and hodl the rest of the time

[Anonymous No.2852971]

>>2852945
Bitbean. The new paradigm.

[Anonymous No.2852978]

>>2852936
>>2852945
How do I go about investing / buying / selling different coins?

[Anonymous No.2852983]

>>2852928
we are the digimarines

[Anonymous No.2852987]

This board isn't what It used to be, it's culture was completely changed in the last two months.

Anyway, this board is basically 99% crypto. It used to be 50%

[Anonymous No.2852993]

>>2852961
how much would you say is a good start up investment i am thinking of putting in $500 in the next 2-3 weeks but i am worried I might lose out on ANS everyone is saying its rising fast

[Anonymous No.2853025]

>>2852928
Alright OP, let's make this simple:

Stocks/bonds and the like, or cryptocurrencies?

As you've noticed, most of this board is DEEPLY into cryptocurrencies because you can become rich off of them FAR faster than the former (which is more secure and traditional).

[Anonymous No.2853066]

>>2853025
I have considered investing in stocks but I decided to seek out the 'vast wealth of knowledge' on this website. I honestly do not know which route I want to go down, stocks or crypto, how would I get started in each?

[Anonymous No.2853091]

>>2853066
Unless you go into options or some really shitty penny/biotech shitstocks (that are more a fucking scam than cryptocurrencies btw) you'll grow gray hair before you've made any kind of money.

Sign up for coinbase and buy a few bitcoin. Send them to bitmex and go 100x margin on bitcoin and pray the momernt you hit buy that the bullrun to $10k starts

[Anonymous No.2853116]

>>2852987

and 50% college major threads, but I haven't seen one of those for months.

I guess I should be thankful, those are mostly bullshit

[Anonymous No.2853129]

>he came to /biz/ hoping for trading advice

[Anonymous No.2853141]

>>2853116
Not really, there was some really funny and creative threads on old /biz/. Now this seems like /pol/ economics edition

[Anonymous No.2853144]

>>2852928
just lurk...no one is gonna spoonfeed you. Always question anything said here and the motives behind it.

[Anonymous No.2853145]

>>2852950
Here, in the world of piranhas, only the sharks survive.

[Anonymous No.2853152]

I'll suck your dick for 1 dgb op

[Anonymous No.2853157]

>>2852993
Answer's always the same: don't risk what you can't afford to lose. That's a different number for everyone.

I put in several grand several years ago. Now i have about 50k. So, i can afford to lose 50k. Don't bet your rent and don't bet your car payment.

Also, i only play btc and eth. not that that matters

[Anonymous No.2853175]

How much time until I can trade coins? If I registered now, counting on, 1 week?

Also, do i pay transaction fees if i go from btc to eth from eth to ants, dgb, bitbean or whatever? Or am I "taxed" by the platform only when I cash out?

Looking for low money income, so if I profited 300usd in a month, would I have to pay taxes?

[Anonymous No.2853178]

>>2853066
For stocks, you'd need to open an account with a brokerage. Which one depends on your particular needs, how much you intend to put in, how often you want to buy/sell/trade, etc.

My standard recommendations are Robinhood (mobile-based, caters to millennials, no brokerage fees, mainly just for buying stocks with no bells/whistles/extra resources) and Vanguard (mainly specialized with index funds, which track the market, and mutual funds, which are baskets of assets grouped together).

You can use the website Investopedia to start learning terms and definitions, as well as their paper trading stock market simulator to get some practice in.

If you want to start crypto, that's a whole different story. (cont).

[Anonymous No.2853194]

I run 2 online business, make apps, do youtube, stream on twitch, have a web development commission shop, use Robinhood, invest in shitcoins.

I took the shotgun approach.

[Anonymous No.2853205]

>>2852950
Research.

There are golden opportunity threads up right now for shitcoins.

[Anonymous No.2853210]

>>2853091
100x margin! Holy shit.

[Anonymous No.2853216]

>>2853178
With crypto, you need an account at one of the crypto brokerages (Gemini, Coinbase, Kraken) or via Localbitcoins. Or a Bitcoin ATM if you live near one. Making an account can take awhile (due to know your customer regulations and the verification process).

Once you have an account, you can primarily buy Bitcoin and Ether (the two primary cryptos). To buy others, you need an account at one of exchanges (Bittrex, Poloniex, etc) and send Bitcoin/Ether there. From then, you can buy and sell.

[Anonymous No.2853233]

>>2852928
The collective wisdom of /biz/ can be summed up "buy high sell low"

[Anonymous No.2853284]

>>2853175
In the US, capital gains tax on sale.

[Anonymous No.2853675]

Wanna join crypto youll jump out when you see your money getting saturated

[Anonymous No.2853708]

>>2853157
wise words thanks bro ima just have fun with it as a hobby lets see where i can take it but i am pretty determine to make some big profit if possible

[Anonymous No.2853713]

>>2853194
I have a free sub from amazon prime. Let me know your twitch and I'll subscribe.