/biz/ - Business & Finance

>>10930272

> 8/10

> BTC as main holding is great

> A few XMR would be an improvement

> A few ETH in case there is something built on the platform and really takes off

> Not a big fan of Link and XRP but I guess everyone has to hold some shit they believe in

> Try to hold that that 1.5 BTC until 2021 Bullrun peak. If you sell then keep .5 until 2024 Bullrun peak. Read up on Bitcoin halvenings and bullruns the year after

>>10836038

Enterprises adopting some vaporware tech is a marketing gimmick.

The only use case crypto has proven is as a currency. Nano right now is the best one and the most undervalued.

>>10829747
>Nano: 35 dollars to 2 dollars
>Link: 1.35 dollars to 40 cents


December:

> Nano: $0.25
> Link: $0.20

ATH:

> Nano: $34
> Link: $1.5

KEK

Nano has a LOT more potential as a currency and it's appeal than Link.

>>10817384
>Literally tell me the advantage of Nano to Venmo or PayPal.

Just making that argument against Nano shows other currency cryptos will have a very difficult time trying to compete with Nano if this takes off.

To answer your question Nano has the same advantages as Bitcoin, etc but is infinitely faster, has no fees and is much much easier to use.

- Nano doesn't block/freeze accounts like PayPal and Venmo:

https://www.paypal.com/us/smarthelp/article/what-should-i-do-if-my-account-is-locked-faq907

https://help.venmo.com/hc/en-us/articles/217532077-Temporarily-Frozen-Account

- You will never be flagged for suspicious activity or stolen accounts.

- Anyone in any country can use it

- You control you money in your account and not trusting it to a 3rd party

>>10797945

Fucking hell. I got $45 dollars when this shit ended.

>>10634398

Some dope fiends buy $800 packs weekly. Some crackheads buy $200-$300 weekly. Even good weed, people can spend as much as rent per month. Anyone who's been on the DNM forums like Avengers has an idea of the buying habits.

There are people from the earlier days that literally spent thousands of BTCs.

And even in 2016, it wasn't apparent that your $250 BTC from 2015 would be going to $20 fucking thousand dollars. The price wasn't a constant upward trajectory even though the chart looks like that now. You were trying to get things fast before price dropped, Vendors wanted no escrow and cash out before prices dropped.

I think most people believed the 2013 type of parabolic rise was a one time thing.

>>10591321

Some of you who fell for the Ripple marketing are getting real mad but should be thankful because I am presenting research you should have done.

>>10591414

Someone with more sense and are admitting XRP is not being used. But also still failing to understand that Ripple shifted its strategy to money remittance companies since it became clear Banks would never use XRP.

From Joel Katz himself:

> xRapid is our first product that settles with XRP and it's not aimed at banks

https://twitter.com/JoelKatz/status/977752182198910976

> We felt the best first target was the kind of low-value, high-volume remittance-like payments we could get at companies like our xRapid partners.

https://twitter.com/JoelKatz/status/977749802829062144

But the thing is Ripple just has become desperate for anyone or anything to buy XRP and create demand. So desperate to create demand they tried to buy their way into Coinbase and Gemini:

https://www.bloomberg.com/news/articles/2018-04-04/ripple-is-said-to-struggle-to-buy-u-s-listing-for-popular-coin

This is a speculative crypto with no real world usage using marketing gimmicks. Not much different from anything else in the space.

>>10465442

If you visit some DarkNetMarket forums Anon, there are fiends who rely on mostly Bitcoin for weekly packs -- Monero is gaining adoption though.

But you're right nobody else is using it for everyday stuff.

>>10413618

Vitalik refers to this book a lot:

https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290

Debt: The First 5,000 Years

> There's nothing new about VIRTUAL MONEY. Actually, this was the
original form of money. Credit system, tabs, even expense accounts, all
existed long before cash. These things are as old as civilization itself.
True, we also find that history tends to move back and forth between
periods dominated by bullion — where it's assumed that gold and silver
are money — and periods where money is assumed to be an abstrac-
tion, a virtual unit of account.

Money is a social construct of a system of debt/credit contracts. It can be denominated with a lot of things that people agree to. We now have a medium of exchange, unit of account, store of value money that is backed by code and a network of computing power to secure it. It can't be controlled, can't be censored, can't be confiscated. Are you too dumb to understand the implications of this?

>>10361500

There was a point where divs had dwindled and I lost interest. Then I check Friday and pot had grown massive. I think there will continue to be spikes and fomo from time to time.

At the very worst, it's going to be passive Ethereum dividend fund that your weak hands can't get to. This shit is going to be like a religious temple where you have to sacrifice some ETH every day. You'll say these shit dividends and come back 5 years later when ETH is 5K and have a small fortune.

According to a 233 wealthy individuals and 128 poor individuals over three years, from March 2004 to March 2007 this financial planner and author cited 3 ways to get rich on CNBC:

> Type 1 rich: The savers took 32 years to accumulate an average of $3.2 million
> Type 2 rich: The virtuosos took 20 years to accumulate an average of $4 million
> Type 3 rich: The dreamers accumulated the most wealth ($7.4 million) in the shortest period of time: 12 years

https://www.cnbc.com/2018/07/11/tom-corley-here-are-3-proven-ways-to-get-rich.html

Obviously most of the biz brainlets are not virtuosos or dreamers and 32 years of wage cucking doesn't seem to appealing. Crypto booms like 2013 or 2017 might be type 4! Are we going make it Anon?

>>10243124

> Went from 1.2 Million USD to 150k now
> My goal was to be able to make like 50-100k a year from staking

- Cash out 1 Million
- $300K max short term capital gains
- Invest $700K in broad index fund
- 7% average interest = 50K per year
- $200K to play and lose in crypto

People need to stop buying into the crypto passive income masternode bullshit. You never ever hold that much money in a completely speculative asset that could go to near zero in a matter of weeks. Stock market actually would have given you that income with minimal risk compared to crypto

>>10228186
>The whole point of life is to create new life and to make that new life's life better than your own.

There are a lot of young 10/10 QT Single Mom Strippers whose lives you can subsidize and make their kids lives better. You can be involved to any degree and it doesn't require any commitment. Usually they have the most useless, broke, no job men as their kids daddies and even if you have a meager stable job you're like the lottery to them.

So you can have some of the finest thots 20-30 years younger than you, skilled in the arts of sex and seduction, with temp kids to test whether you're suited to be a daddy or not. Why the fuck would you get hitched and committed to a roastie and stuck wage cucking for her?

>>10218020

Just invest in this. Invest as much as you can afford. You don't need a fucking professional Anon.

https://investor.vanguard.com/etf/profile/VT

You're welcome.

>>9902638

> I bought a scam, I knew it from day 0. Sold it for some profit.

Only in crypto do you strategically buy scams to sell for profit

>>9893606
>>9893606

Anons, don't give up. I was in the same boat at 32 after being a self taught programmer. Nobody would hire me for years. Worked every wagecuck job for years. There were times I was applying to 20+ jobs a day for weeks and other times I just gave up. Eventually, I got my foot in the door and learned that there isn't anything I don't know or can't bullshit my way through. Half of workers in tech are completely incompetent and can't do shit.

Keep trying, take shit job that pays nothing but appears like you worked in technology. In a few years you'll be working from home with 6 figure salary browsing biz.

>>9853951

Breaking News. Girls like monies.

>>9842411
>There is a roastie waiting for you somewhere at any given moment; take your chance.

The problem with roasties is I thought I had erectile dysfunction problem. Turns out, my dick only gets up for pretty young things. You millennials will soon realize you can't keep fucking 18-24 year olds forever without paying for them as you get older and older. Roasties give you erectile dysfunction. So you need to be loaded to enjoy pussy later on in life.