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

/biz/ - Business & Finance

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7682958 No.7682958 [Reply] [Original]

Bitcoin just hit 10k again. Something for the new guys

Watch for all the articles to come out about it, and for the public interest to start drumming up again. After being in this space for a couple years I've got some thoughts.

You'll see a classic inflow of new people as the bear market starts to fade from memory and people who complained about how $20K was too high of a price are now looking and thinking...maybe 10k on an uptrend is okay.

For the new guys.

1) Diversify in two directions. Market cap and use case

2) Measure success against $ETH or $BTC, not $USD. If you've made money but haven't outpaced those two, you're not doing it right.

3) Never chase pumps, look for trends

4) Just because it makes you money doesn't make it a good project

5) Don't actively trade unless you know what seriously know what you're doing. Holding good tech will outperform. If you insist, limit it to <10% of stack.

6) If you're trading, forget highs/lows. $ is made between the 30yd lines

7) 95% of cryptos are worth 0. Some are worth >$1T

8) Bitcoin is outdated technology and will fail unless it adapts. Competition is fierce, don't have loyalty to a project. They can become obsolete very quickly.

9) Take profits, and stay humble. If your speculative investment goes 5x, cash out 50%. Don’t wait for the 10x. Thanks to /u/growandglow for the reminder.

10)Buy Monaco for those sweet 10x gains end of February they're releasing their visa cards and are going the multi billion mcm league.

11)Stay safe bros

>> No.7682992
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7682992

>>7682958

>> No.7683055

>>7682958
>bear market starts to fade
three dips within a couple months where it didn't climb to a new ATH is hardly a "market"

>> No.7683061
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7683061

>>7682958
BBBRRRRRRRAAAAAAAAAAAAAAAPPPPPPP

>> No.7683075

actual advice on biz?

>> No.7683100

>>7682958
>7) 95% of cryptos are worth 0. Some are worth >$1T

Example?

>10)Buy Monaco for those sweet 10x gains end of February they're releasing their visa cards and are going the multi billion mcm league.

gtfo

>> No.7683155

>>7683100
Xrp of course