/biz/ - Business & Finance

What the fuck is the point in being a "crypto investor" in 2019?

You missed the parabolic growth phase. It's done. Your choices are as follows:

1) Get maybe 10-20x on Bitcoin/Eth over the next few years. Your capital at 24 years old will be fuck all, so your returns will be 10-20x of fuck all, which is not much. Result: won't make it.

2) Gamble on some shit coins. All the statistics show that this is as good as gambling. Most crypto is fucking useless, there's yet to be a proven successful utility token, so your chances here are fucking slim. Result: won't make it.

3) Day trade crypto on technicals. The vast majority of people will never make it doing this, because the bots suck up the slim margin of alpha, and the manipulation pools paint the charts to fuck you over. Result: won't make it.

There shouldn't be a single person here that takes an interest in crypto unless they already have at least $30k to put into Bitcoin. You should be figuring out how to start a business.

You need to get over the hype and get rich quick successes of 2009-2017. It's gone. That phase is never coming back. You are not insiders any more, you're in with the rest of the plebs. That was a once in human history moment, and you won't get to redo it by sitting here thinking that you'll get rich simply by being associated with something that has made others rich. You're like dumb ass boomers who still think property is a massive money making machine due to the 90s boom, but again, those market conditions are never coming back again.

Get the fuck over it and move on.

I'm a semi professional Roulette player and belong to one of the black leagues in Europe, we're a private, invite only members group that travels to casinos across Europe, sometimes Asia, playing Roulette and on average we have a better annual performance record than the Renaissance fund.

Roulette, on the surface of it, is a simple game of independent probability, but this is only theoretical probability and unrelated to the physical manifestation of probabilistic entropy that is observed in the Roulette system. Therefore we refer to this as an entropic polynomial probabilistic system, from which we can derive alpha cohort probabilistic entropy, otherwise known as an 'edge'. Nearly every interaction between systems produces some correlation. Suppose that at some instant a pair of systems are independent, so that the composite system state function is a product of subsystem states. Then this condition obviously holds only instantaneously if the systems are interacting - the independence is immediately destroyed and the systems become correlated. Once you've groked that realisation, you can move on to countless paths into the game to yield winning strategies. Obviously I'm not letting on here, but there are lesser strategies that we don't deploy anymore that are still somewhat valid but not to the point where it's worthwhile (i.e. they work so slowly in your favour that you are likely to get banned from the casino before you've made an appreciable amount of money, ideally you need a big win and quickly).

An example:

Where R is observed rotational RPM of the Roulette wheel, n is the first number of ball contact, we solve for ∆ to produce the probability of observed i, which calculates the narrow range of number results for the spin:

Rn = ∆1 + · · · + ∆n, R0 = i