/biz/ - Business & Finance

>>13223950
>be me
>buy eth early at around $10
>watch bull run come out of no where
>huge rush of normies flood in buying up alts/“the next eth”
>continue buying eth, ignore most alts
>everything crashes/dies
>btc and eth only two left standing/relevant
>was right all along
Go with your gut OP.

>>13223950
90-95% cold storage, 5-10% gambling on binance /your favorite crypto casino

When the bull returns, pumps will be so common they will be chasing you

Eth is an alt. Don't assume on it recovering. Its price rose on its use for icos and the idea it would power dapps. With its serious scalability issues rhats in doubt. I dont expect any boom in eth icos anytime soon.

Btc is only safe bet and it will probably take a couple of years to hit aths. So no. Owning only btc unless you have 100 plus is gonna mean you will miss some massive gains in the coming years. But if you want a nice 5x then go for it.


If you want stress free put half in btc and spread the rest in eth and say 10 solid future stars in the alts. Then you can sleep easy and still get great gains in the next bull run.

>>13223950
Anyone who's still hodling suffers from a combo of stupidity and delusion. Just take a look around biz. Does it look like spring to you? Honestly surprised you people have made it this far in life...

>>13223950
>Maybe if I just accept a nice 5x -10x
Anon, I...

Fuck I couldn't even fathom how retarded I would feel letting 6 figs slip away

>>13224046
>btc and eth only two left standing/relevant
>t. absolute ignoramus

>>13224360

Ummm half of crypto did it newfag. Stay in crypto long enough you will lose in some way or another.

>>13223950
Buy btc if you are a pussy it's the only coin that doesn't have competition.

>>13224404
Can't relate newer fag I first fomod into BTC when it first hit 1k then just bought ETH at $7 mostly and sold at about $350

Yeah Im pretty sick of trading too: for every few successes I get fucked hard by big moves like this weeks. I'm seriously considering just leaving my holdings of not just btc/etc alone, but a few other promising alts as well. Just for the sake of quality of life and clarity of mind.

1 btc
7 eth
10 XMR
And lesser amounts of a couple others. Have some cash on hand to DCA on big dips.

>>13224046
I hear you and I do feel these are the only two worth a damn now. Thanks.

>>13224062
That's also what I am thinking. 2017 we were in a bull market as well so I wonder if I forget about it until we are technically "bull market", then I could go around looking for opportunities maybe.

>>13224096
This is also a good suggestion thanks.

>>13224125
This is true and the lesson I learned. That was my first massive cycle and this my first bear, so I've certainly experienced the euphoria and pain.

>>13224692
Yea man you know what I'm talking about

Thanks for advice anons

>>13223950
>Everyone knows everything all the time
People said this in 2014 too during the run to $1,200. You know what happened? They all thought it was a passing fad and forgot. Then 2017 happened and people said this too, but in the end I didn't even see as many people adopt BTC as they did in 2014. People only remember crypto exists at all when there's a massive bull run, rest assured that by the next one they'll all forget just like last time and it'll be a fresh new thing again.

>>13223950
Yes
But you have to really understand why before you take the BETH pill
Watch Andreas Antonopoulos if you want the fasttrack

>>13224925
I guess I should clarify. It seems that the people left in crypto are mostly believers and degenerates/gamblers etc. The normies buying shit for the sake of it without understanding what a blockchain is seem to have left.

Back then, the edge was simply following Binance Twitter (when it was new) or Bittrex and when a coin was listed, you buy it. Then it got shilled to these normies who didn't know even how to be update to date on stuff, and by the time they got shilled it on Youtube, you may have already been up a few multiples.

This was an edge that is now gone because everyone in the space was attuned to what's going on.

Additionally, a lot of new people only bought LTC, ETH, BTC because it was on Coinbase. Once they learned how to send those to Binance, then there was that floodgate too. So that was an edge. Nowadays, we all know how to do that.

I'm sure I am not elaborating the best on this, but you get what I am saying. These were simple advantages we could have been new money came in and didn't know where to put it. So you had a few days before they figured it out.

Nowadays, it's the same money, and usually tethered up, that knows exactly where to put it. Not only that, there are insiders/pump groups etc to get there before you. Hence why so many people get rekt on FET or CELR and stuff. They think they have the edge buying it when it hits binance day 1, but we ALL know about that stuff now. So they get dumped on by insiders who had that edge before them.

In the past, the chances of you getting rekt by the shitcoin waterfall was less because you had the opportunity that new money would come in and buy because it was a bull market trending up.

>>13224394
Sorry about your Neo bags.

>>13224973
Normies live in the moment and instantly forget everything if it happened more than a month ago. Just by still keeping up with the ecosystem after the crash you already have an edge on most people.

>>13224973
Dude normies forgot about a sand nigger shooting up a gay club killing 50 people and about a dude that mowed down a country music concert, you really think they are going to remember something as uninteresting in their eyes as Crypto?

>>13223950
BTC is still a good long-term hold but forget about ETH. Their only hope for the future is successfully implementing their complicated scaling solutions within the next year or so, which probably isn't going to happen. They've already lost majority dapp market share, so it's a big uphill battle even if they do get scaling done soon.

Good long-term holds that are guaranteed to be around for a few more years:
>BTC
>LTC
>EOS
>XRB
>XMR
>BCH (just because of the sheer number of whales backing it)

Everything else is going on pure hopium. Also, notice the lack of Chinese coins, this is not a coincidence.

>>13225400
Lost dapp marketshare? noone uses EOS and TRON dapps, they only have fake volume

>>13225497
Keep coping

>>13225400
>dapp marketshare
Lol dude what is the marketshare of 0? Nobody uses dapps on any platform

>>13225497
I've used eos bots to make thousands of dollars over the last few months (not even gambling apps). Can you explain to me why that's "fake" and why the fact that I can't make similar money on ethereum is a good thing?

>>13225243
>shooting up a gay club killing 50 people
What were heterosexuals doing in a gay club?

>>13225522
Excuse me, no real human uses EOS and TRON dapps, developer's bots surely are active

>>13225614
So you're telling me that all that volume is coming from tens of thousands of individual bots? Do you have any evidence for your claims? We're reaching cope levels that shouldn't be possible

>>13225599
and everyone on biz is a millionare

>>13225590
B-b-but what about degenerate gambling sites or ponzi games? Lmao

>>13225625
You can spam the network for free, why wouldn't any dev spam transactions to make their empty city looks full? How am I supposed to prove that the traffic is made by bots? By putting cameras in the developer's asses?

>>13225652
So you admit that you're just making up a fictional narrative because you don't want to admit that your ETH bags are useless? Got it. The volume is a mix of bots and real humans. Anyone claiming it's all one or the other is a retard. Behind every bot is a human, and those humans are making money. The fact that you can make money on EOS and Tron with bots means that that's where developers will go to build their apps, which is where users will follow. Bots are a good thing, not bad.

>>13225652
yeah thats a huge problem:
When there are no fees (or effectivly none like 0.000000001 USD/Tx) you attract all sort of parasites. Once you have BARRIERS (eg fees) quality increases and crime/fraud decreases.

This is not limited to shitcoin tx but can be observed everywhere. It's sort of a hidden law.

>>13224046
Dude you don’t feel regret you didn’t go into antshares or stellar or something? You would have seriously made it

>>13225696
Technically you do pay for transactions on EOS. You need to stake tokens. It costs quite a bit of money to have a bot shitting out transactions 24/7. The only difference is that you can get your money back when you're done using the network.

>>13225709
When there's no cost to abuse/fraud it will 100% happen. Like -sorry- but that's just 1+1. If i dont get into jail or face other unpleasant consequences for raping women and killing people i dont like i would effectivly do exactly that all day long.

>>13225742
The only platforms that don't have abuse and fraud are platforms that no one uses.

> If i dont get into jail or face other unpleasant consequences for raping women and killing people i dont like i would effectivly do exactly that all day long.
The only thing stopping you from raping and killing people is the fear of going to jail? Jesus Christ dude you're a psychopath.

>>13225697
Do you feel regret that you didn't spend $10000 on lotto tickets this week?

>>13225680
EOS is no better than any ETH layer 2, the point is that ETH layer 2s are going to rely on a stable decentralised network and they are going to carry many different innovations, see snarks, plasma, etc.
Also hopefully most of those l2 won't have had a weird ICO were the developers have started selling and moving their funds before the end of the ICO potentially being able to recycle their funds to get more coins without anyone being able to ever know as these extra coins would look like coins owned by normal ICO investors.

>>13225867
>m-muh layer 2
how's that Kool-Aid tasting? When you have a layer 2 solution doing what EOS and Tron are doing we'll talk. As it stands right now, the latter have thriving ecosystems and are lightyears ahead of anything going on with Ethereum right now.

>>13225400
>Good long-term holds that are guaranteed to be around for a few more years:
>>LTC
>>EOS
>>XRB
>>BCH

Anon I can't stress how important it is to buy LTC before the halving in August

>>13225893
Well EOS is a dpos layer 2 with a scammy ICO, one of the problems is that it doesn't have a decentralised layer 1.
It's only point of interest is that it's fast but every centralised network can be fast, the problem is being fast and decentralised

>>13225997
EOS is more decentralized than Ethereum. They also don't have dictator devs who hold mock votes for things like inflation/reward rates to compensate for the lack of a real decentralized governance structure while pretending that there is no governance at all.

>>13225697
I don’t experience regret desu. Unironically a beta/normie emotion. Antshares only seems like a solid bet in hindsight, there wasn’t any reason to think it’d pop the way it did and I would have likely drank the Kool Aid once Neo got established and would have thought it was le next Ethereum too.

>>13226033
Mining pools are not single nodes, does that comparison come from an EOS shill group?
Actually the ETH community votes on important things, most people respect Vitalik and follow him but that's not a rule, there isn't a centralised entity that decides on important matters doing sometimes a vote (if necessary voting with a lot of coins obtained during a shady ico)

>>13226123
Mining pools are comprised of mining farms, which are basically the same thing as EOS BPs since they're run by individuals/organizations (often the same ones who run the pools). Except in this case they might be anonymous and can't be voted out.

>Actually the ETH community votes on important things, most people respect Vitalik and follow him but that's not a rule, there isn't a centralised entity that decides on important matters doing sometimes a vote (if necessary voting with a lot of coins obtained during a shady ico)
Bullshit. The last time Ethereum changed its mining rewards it was based on some "vote" with like 1% turnout, and because the turnout was so low there was no obligation for the devs to respect the results.

>>13226033
Oh, I've just seen that the source of that image is an EOS block producer lol

>>13224973
>It seems that the people left in crypto are mostly believers
False. Oldfags have checked out, and biz's collective IQ is now in the double digits. Take a look at the catalog. Most crypto posts are shills bots. When someone tries to start a decent serious thread, it gets dead silent and dies.

>>13226191
Imagine being this retarded.

>>13226176
Do you even understand how mining pools work? Lol
Most people don't vote, so what?
Look, go buy EOS, it might raise in price as long as the team decides not to sell their token and as long as idiots like you are going to buy it.
I'd bet that they will burn their dev tokens soon just to pump the price, they have a lot of hidden tokens anyway so they don't really need them.

>>13226235
Imagine being you and buying into scams

>>13226252
>m-muh scam
Really?

>>13226213
>cryptosphere consists only of /biz

>>13226281
Yes, artificially pumping the price is not a thing legit projects need to do.
But you are a brainlet sharing 4chan screenshots and memes as evidences so you're not going to understand that until it's too late

>>13226325
>Yes, artificially pumping the price is not a thing legit projects need to do.

>>13226343
You're exactly proving my point

>>13223950
No friend, this is a blessing in disguise! Keep putting money in, the secret is to buy new and add to your crypto portfolio for when it moons! Do not settle for 10x over 2 years, just go ALL IN and wait however long it takes for the 100x! As I tell my friends and family, go all in on crypto, all types are going to win it's just patience. I don't want to be the only rich person cashing in! LOL

>>13226374
You've been making the same obtuse "point" for over a year, and the market has taken a giant shit down your mouth. At what point do you start to reassess things?

>>13223950
If you want to be a real based god among mere mortal men you should hold and never sell like Satoshi did. Do it for the multicultural children, our all future.

>>13223950
yes, trad coins are back in fashion

>>13226512
I invest in things I believe in and that I find reputable, not in a project full of red flags and run by scammers.
If the market is overestimating it one of the reasons is that idiots like you are buying it because "muh, its value has grown until now so it is surely a good investment", you are free to keep indirectly giving your money to scammers.