/biz/ - Business & Finance

>>17123156
plz no eat me

>>9795832
>betting big on legit
probably not. good projects may tank aswell. even almighty btc crashed to death because of a scammy exchange who had nothing to do with the blockchain itself. it's important to diversify over different asset classes you have access to.

>bottoming out
calling bottoms is tough business. when btc dropped from almost 3k to 1.8k about this time last year after a major run, thousands thought it couldnt have bottomed out so high and waited it out. it went on to touch 20k 6 months from then. you shouldn't try to call the absolute bottom and go all in, but make small purchases over different ranges. e.g.
>coin A is usually 100k sats. you have 0.1 idle btc
>A drops to 80k
>did my research, this looks like a bottom. spend 25% of idle btc on it, own 31.25 A now.
>drops to 60k
>unexpected. have i missed something? do my research again. nope, no apparent reason for the drop. should recover. buy another 25% worth. thats another 41 coins. own 72 now.
>coin eventually recovers to 80k
>if you had gone all in at your first call, you would be breaking even now. instead, the cheaper half has earned 20k each coin. you're already in the green. do your research again and decide on liquidating part or all of your position.

>>4476864
also
>lending platform aimed at third world countries
I dont believe in it
>no credit system
>third worlders less likely to put borrowed money to good use because uneducated
>less likely to pay debt because uneducated
>legal system is slow and inefficient and trying to get some form of settlement will be slow, painful and most likely not worth the middle party's time
I'll pass.

>>4349437
Congrats on this, seriously