/biz/ - Business & Finance

[Anonymous No.3428011]

ITT: things that seem smart and obvious, but have glaring flaws, high risks or maybe people are too lazy and short-sighted to see them.

[Anonymous No.3428050]

I'll start:
Normally price of stake and loaning crypto coins gives you % gains a day(every coin is so volatile, you need daily gains to ensure you don't get ripped off(the coin can lower in volume in just 1 month, turning your 0.5% into 0.04%),rather than yearly like most banks do. Those % are between 0.2-1.5% but can go up to 6% a day during a bull run. The flaw would be that you risk that coin falling in price, killing your daily gains. Or some other bad thing like the person you loaned your BTC to has cancelled/failed/been liquidated and you just lost your assurance of a safe investment.

But if you're really smart and invested in a really good coin. You could make a bank loan and put it all into a POS coin, if the stake/gain is high enough you could pay your loan rate monthly while also keeping your initial investment or even making more cash than you started with. Ripple would be a good investment because of how overly stable it is, almost making it an anti-trading coin because of absolutely no volatility over the decade.

Another obvious thing, but nobody bothering with are price differences/temporary fluctuations between exchanges for crypto. At one exchange BTC would be worth 4200$, at the other one it's worth 4499$. Another thing is using a lower priced coin to buy under 1 satoshi.
You also constantly see price differences in Yobit, Bleutrade, Cryptopia, Tradesatoshi, POSW, Eth/Waves exchange and other.
The problems you're going to face are:
low volume
the withdrawal is locked(that's why the coin is so high),
the exchange fee is so high and limited(100k sats +2% per withdrawal and deposit, +switching coins)
the sell order is much higher than the buy order - artificially making the price seem bigger.
Another issue is the time to move your coins between exchanges before someone else's bot acts up.

[Anonymous No.3428961]

>>3428011
Not crypto related, but learn how to be a pro at excel. Take an "advanced" class in kalej; it'll really help you out in your first job when you're churning out nested formulas while Jamal is only making simple formulas. Figure out overall proper spreadsheet design, learn how to design them so they're retard proof.
The saying goes that 90% of users know 10% of excel, and only 10% of users know 90% of excel, but nobody knows 100%.

[Anonymous No.3429228]

ballsy investments are rewarded. no guts, no glory and this is most certainly ballsy and this is why we are being rewarded . haters want it to fail and crash as hey lack the skill, knowledge and courage to initiate crypto investment . makes it all the sweeter .

[Anonymous No.3429240]

>>3428011
smart worck f-cking hard