/biz/ - Business & Finance

[Anonymous No.5661503]

I want to lose my money on crypto but I don't know one side of a bitcoin from the other
There's gotta be a guide for someone like me out there?

[Anonymous No.5661660]

>>5661503
>learn about a coin
>see if it has a catchy name and a cool logo
>read the whitepaper
>if there are some sciency stuff that I don't understand it must be good
>buy some
>take back your investment at some arbitrary point when it goes up

literally 5x'd my portfolio in a couple of weeks this way

[Anonymous No.5661819]

>>5661503
Look for coins that are mooning and try and jump on them thinking they will just keep going up and never down. Fucks your shit up almost every time.

[Anonymous No.5661882]

>>5661660
Ok but how do I learn about a coin

[Anonymous No.5661895]

>make account on fiat exchange
>buy eth
>withdraw to altcoin exchange (bittrex, binance)
>do your own research
>buy shitcoins
>hold

done

[Anonymous No.5662642]

>>5661895
where do I find a fiat exchange that wont jew me?

[Anonymous No.5663331]

>>5661503
Https://cryptodealer.io

[Anonymous No.5663377]

>>5661503
.: Crypto 101 :.

>0) Lurk more
Search for what you are about to do, why you shouldn't do this and find a reason to do it anyway.

>1) Register wallets
Pick up some wallets for some coins you wish to keep.
Those will be your buffer between trading and "real" money.
It doubles as a storage for long term investment.
Usually, a single bitcoin wallet is enough, some tho will prefer to have multiple wallets.

>2) Fill those wallets
Convert some of your "real" money into crypto.
Usually it means buying bitcoin on coinbase.

>3) Set up for trade
Register to some trading place and convince yourself of the amount you wish to lose on trading.
Usually it means register to bittrex and transfer form wallet to exchange.

>4) ???
Daily lurk on /biz and edge trading skills lead you to make profit.
Usually it means shitting on itself whenever bitcoin hiccups and posting "This coin is going to moon, all aboard!".

>5) Profit
Congrats, you made profit.
Change back your exchange bitcoin to "real" money.
Usually it means bittrex to coinbase to your account.

And, very important step, buy a Lambo.
https://www.tacot.com/listings/lamborghini-centenario-lp-770-4-2016-dark-grey-maisto-85557-0


>-1) As a side note
- Always luck more
- Understand what you are doing
- Stop asking for spoonfeed and search by yourself
- Only gamble what you are willing to lose
- Very few can make a living out of this crypto trading thing, don't expect a lot
- Always lurk more
- Mining is not profitable on current "big" crypto like Bitcoin or Ether except if doing it with a special desiged rig
- stay norm big fella
- Buy low sell high
- Keep like 60% - 80% in "trusted" coins (BTC, ETH, etc. Those will change over time) play with the rest
- Lurk more, I told ya.

[Anonymous No.5663669]

Hi im also trying to get in on this coin shit. Ive been looking up advice it seems like a fucking mess so many different providers and stuff. My first problem I live in Newzealand and this "Coinbase" provider doesnt exchange in my country so if i put my money into it i cant get it back out. Does anyone know of an Exchange thats global?. Or if i use coinbase would i have to fly to America to get my money out. Why cant they just put the money back in your account.

[Anonymous No.5663846]

>>5663669
so you cant even google "buy bitcoin new zealand"?
that's some next level laziness anon

[Anonymous No.5663864]

buy BNTY and hold

[Anonymous No.5663901]

>>5663669
Having read that do not get into this anon it's not your thing

[Anonymous No.5664029]

>>5663377
Question on wallets. Are there any that work on phones? I looked at MEW but it does not seem to work on my phone, maybe I'm wrong however

[Anonymous No.5664586]

>>5663901
Its hard to take this serious when theres a fucking doge coin i thought that was a joke.
>>5663846
Yes i have googled that but theres different exchanges that are limited in what they offer with different fees. im just looking through it all now.

Im also looking at the different wallets some are external hard wallets like trezzor . And others are said more vulnerable software wallets. Im not sure if i want a mobile wallet or just pc. The exodus wallet looks cool but every transaction they take a cut? seems like you get jewed with every transaction.

[Anonymous No.5664849]

>>5661503
not a pajeet discord, there's a very detailed explanation involving how to get into, profit, and cash out of all cryptos, come check it out and say hi to cryptobro!

[Anonymous No.5665174]

>>5664586
Son doge coin is about the best coin in the market just so you're aware of.
Much cheap too.