/biz/ - Business & Finance

Who is this semen demon???

>>11033804
either invest in biz style and go all in link and be a millionaire with 1000 link, because they will be 1000 USD EoY

or, do it the right way and invest in Stellar and be part of the future of financial asset exchange.

>>11033804
you should buy a crypto because:

1) it functions like a bank account that can't frozen on a whim, can be used in any country and online with ease.

2) it is there when you need to spend it and doesn't have a lot of barriers that traditional investments have towards cashing out. just spend it on what you want online and you're done. (for bitcoin only, others have to be exchanged)

3) it is a different asset class so if you want to decrease risk in your holdings adding a bit of crypto to your portfolio would be good.

4) you can use dapps with the right coins

>>11033804
Bitoin was first, has survived where nearly all others have failed.

Buy BTC and hold a year, or DYOR on alts and coin one year.

Personally, anything at or below 1M market-cap that has actual growth from the team, you can't really go wrong.

I suggest XBI (Bitcoin Incognito), NERVA (on Tradeogre), Holochain on Binance, and TOMO on IDEX.

Crypto runs are not over.

Set sell targets, and hold.

Good luck.

>>11033804

Honestly, just buy 70% coinbase stuff dollar-averaged in and then get some XMR, maybe Holo or Link if you're feeling risky. XLM is never a bad move, just not a particularly exciting one yet. Augur is interesting.

>>11033813
My child bride

>>11033836
>>11033856
>>11033831
Thank you...nice answers

>>11033804
First thing you need to know is that crypto currencies are an anarchist financial movement disguised as a get-rich-quick-scheme.
There are only two crypto currencies that matter at this point.
Bitcoin is the most valuable because it's the most tested, best distributed and has the strongest liquidity.
Ethereum has the most developers supporting it and the most applications called smart contracts, but it's higher risk, since every feature is a potential attack surface and weighs down the network.

I would by bitcoin and eth and convert half your BTC to BNB on binance. Im typing on a phone so i cant go into long detail, but essentially binance offers bnb so people can get discounted tx fees. Every quarter binance spends 20% of its profit to buy back bnb which it then burns, decreasing total supply permanently, and increasing its value. Other things effect the value of bnb too, DYOR, but i like it a lot.

Dont put any money into crypto you cant afford to lose.

>>11033887
She looks like a 30 year old asian.

>>11033836
Ignore all of this /biz/ tier retardation.

If you want to "invest" in crypto, buy the top 10 coins at decreasing amounts the further down they are on the list and set a sell target. (potentially ignoring Litecoin and EOS). Wait for it to hit those targets expecting a 3 year time frame. Bear market will probably be twice as long and drop lower than people think. If a majority of posters are stating we're in a "capitulation phase", chances are we're not. It would be paradoxical.

If you want to gamble and play a volitile market then feel free to meddle with shitcoins, perhaps take a good look at all the biz threads complaining about being down 70-90% from their ATH though or getting dumped on or projects getting exit scammed.

whatever you do, don't buy anything outside of bitcoin or ethereum without accepting that you've thrown your money away.

examples of the worthless shitcoins shilled to you in this thread that you should under no circumstances buy:
- chainlink
- stellar/xlm (debatable, but still a poor altcoin)
- xbi
- nerva
- holochain
- tomo
- binance/bnb

>>11033974
reasonable advice except for buying garbage shilled on biz thats down 70-90%. most alts won't recover enough for the gamble to be worth it. next bull run will involve a large number of alts that aren't even out yet, like every bull run before it.

>>11034008
>or ethereum
ahahahahahahahaha, eth is going to 0 and everyone lost their money

>>11034008
Hahaha nice try. The old "mix in my utter shitcoin with some reasonable projects"

>>11033804
just buy bitcoin and hold, don't buy rajeesh coins

>>11034063
>>11034100
how new are you to crypto? you're actually trying to claim ethereum is comparable to any of the shitcoins i listed above?

it's no bitcoin, but it's number 2 to bitcoin, with a huge margin to all the other alts.

>>11033804
monero is the one you look for. everything else, even bitcoin, is flawed.

>>11034140
I bought bitcoin in 2011 when it was a dollar. And I can say with certitude that ethereum is worse than shitcoins. Only a fool would buy it.

>>11034247
dont buy it then, but don't fool yourself into thinking any other alt is actually used or has any non speculative interest more than ethereum does.

>>11034145
Is there a way to explain to a layman why Monero would be better than Zecash?

>>11033804
The entire market is in its infancy. It is not understood by anyone.
Buying anything even bitcoin is a massive gamble and literally anything could happen.
Here is an azn for your attn

>>11034257
I think monero and xrp have a bright future

>>11033804
Dont buy any crypto which intends to purely be a currency (exception may be btc but that's it). Look for tokens which serve a unique purpose in their ecosystem besides payments. Rule of thumb: if your token could be replaced with usdt to fulfill the same purpose - its a shitcoin and money grab for an ico dev.

lurk moar boomer fag

>>11034335
10 years infancy... fucking boomers

>>11034608
>he thinks 10 years is a long time
Spotted the underage

>>11034625
technology gets twice as fast every 6 months. Look at the charts

>>11034649
lmao

>>11034430
monero is good in the medium term, but only the medium term. they do one thing, and today do it well, but they're a feature, not a platform.

>>11033804
>What do these currently do that central banks can’t or won’t do?

We've invented scarcity. The fed can print unlimited number of dollars. Currencies inflate, eventually hyperinflate. I'm not trying to fear monger the US dollar in particular, but look at Venezuela or Iran or Brazil or Turkey or Greece. There are plenty of people around the world who need Bitcoin as a hedge against their government's monetary policy (and you might need it too one day).

No one can seize your bitcoin. It is resistant to state oppression. You can store bitcoin by memorizing a password. That means people can walk across borders with millions or billions of dollars, undetected. How many Chinese do you think want a little freedom after they got wealthy? Quite a few. Bitcoin already has found application and here and will continue to do so.

Our payment system is actually faster, cheaper, and more reliable thank banks. Final payment clearance can take anywhere from two weeks (checks) to 180 days (credit cards) and businesses often see 2-4% claw back rates. Bitcoin transactions are effectively finalized in less than 1 hour and you can transact billions of dollars for a few cents to anyone in the world.

Censorship resistance is a valuable tool for those who think they have nothing to worry about from the government as well. It's possible that a terrorist's alias is the same name as yours, for example, and your bank accounts get locked by accident. These things can take months or years to reverse and can bankrupt you. Wouldn't it be nice to have a liquidity hedge in the intervening period? Owning no bitcoin these days is like not understanding the value of having bonds and stocks in a mixed portfolio. Caveman tier stuff.

>>11033804
>>11035630
>Why should I buy these current ones? What makes bitcoin so much more expensive than the others?

There are really only two cryptocurrencies worth purchasing: Bitcoin and Monero.

Many of the properties of bitcoin (and crypto in general) depend on network effect and size. We basically purchase immutability / censorship resistance / etc., by paying miners. The smaller the reward for miners (smaller the network), the lower the security properties. Nothing is free. Some have invented outright scams like Proof of Stake (rather than Proof of Work) where stakeholders are paid rather than paying miners. It's the equivalent to claiming money grows on trees. Stay away.

Monero is a privacy coin on the protocol layer. What that means is you can transact on the blockchain itself with anonymity. To be truly anonymous in bitcoin requires quite a bit more sophistication. So Monero has value in the sense that cash in hand has value to drug dealers as opposed to ledger entries in a bank. You may not like it, but there is demand there.

Bitcoin is more expensive for a few reasons:

(1) First mover advantage. There won't be more than a couple of these things that survive. Money depends on network effect and bitcoin got it first. Anything else that comes along has to fill an actual, real world niche (i.e. Monero for dark market illegal stuff)

(2) The "number of coins" is fairly arbitrary number. There will only ever be 21 million bitcoins, but others have billions of coins. Even if the market caps were equal, the "price per coin" would be wildly different. It's really no different than pricing a stock in pennies vs dollars though.

(3) Most of the cheaper coins are scams. A large number of them implement frauds like Proof Of Stake (even some in the top 10 market caps still). If not scams, then they provide no additional utility beyond what bitcoin or monero can offer. Just a different brand, but with a smaller network effect. So lower price.