/biz/ - Business & Finance

>>4937419
>They use money to make money
>USI tech was doing this for high networth people with forex.
>crypto is a world wide business
>scared little bitches who can't take calculated risks

You say all this stuff like it's never occurred to us before. This is why USI Tech appeals to facebook normies because it says basic personal finance/risk management stuff that is true but is presented it like it's this massive secret only rich people know. Everyone here already knows the basics of personal finance - compound interest, calculated risks, spending money to make money, etc. - and that basic knowledge also includes avoiding obvious scams like this

I have to commend USI tech on tapping into the normie's ability to think he's smarter than the other normies. I have some smug bastard on my FB posting this USI shit and it's clear he's a brainlet. He thinks 1% a day = 365% a year lol

>>4882145
>a Bitcoin inherently has value due to the electricity and other costs required to mine a Bitcoin into existence

This doesn't make sense.

If I leave the heating on in my house does the inherent value of my house go up due to the electricity and other costs required to heat it?

If a clothing company employs an extra 10,000 people to sit around doing nothing all day does this suddenly make the company's t shirts more inherently valuable?

If two companies are mining gold but one company is less efficient and its costs are twice as much, is 1oz of this company's gold inherently more valuable than 1oz of gold from the more efficient company?

Just because you spend money/resources on something doesn't mean it's inherently valuable

>>4702290
>while everyone else is 50x their money
But they're not. And if they are, in most cases it's luck or the payoff as a result of holding patiently.

I always see people moaning that "if I'd bought BTC instead of LINK I'd be up 3x by now". Well that's obvious in hindsight. If I bought BTC back in 2011 I'd be up 10000x now, so what?

I lucked out and bought ETH back in February and it mooned so quickly I didn't have a chance to waste it on altcoins. Only when the price stabilised by about May did I start 'investing' in altcoins. I bought ANS (now NEO) when it was shilled here and held for a few days, got impatient, jumped on STRAT, got impatient, jumped on a few other coins, got impatient, sold. Am in exactly the same place as I'd be if I'd just held ETH all along. If I'd held ANS for just a few weeks, say, I'd have 10xed my cash again.

Looking back I realise I was just FOMOing from pump to pump and it's no wonder I didn't make any money. If you FOMO into BTC now you might make 10% in a month, you might lose 10% or more, who knows?

But if you expect LINK to significantly go up in the next year then just hold. You can't time these things.

When in doubt, zoom out
Be greedy when others are fearful
The stock market is an incredibly efficient device for transferring money from the impatient to the patient, and so on

>>3058802
>It's risen 20% every day consistantly for 3 weeks, it finally got widespread attention yesterday and rose 150%. It hasn't dumped, it won't dump.

>>3027287
This will hit .66+. Mark my words no bccers. This is coming from a person who doesn't even like BCC, I just know it's gonna happen.

Woah