/biz/ - Business & Finance

>>13852094
100 x $1000 is $100,000. A lot of projects have ways to increase your stack without adding more money, too. Airdrops, nodes, etc. If you don't have even a $1000 to invest then you should sort your life out.

retard-kun, let's say you have a folio worth 1000$ today (and really, it is achievable regardless of where you live and what you do as long as you are working). 100k, especially in non us/western europe is a solid property and probably some leftovers for coke and sluts.
You will almost surely lose your stack on high lvgs, and trading requires fuckton of knowledge.

>>13852115
https://coinmarketcap.com/currencies/x-cash/

Look at the price of this, for example. 2 million xcash is $72. Poorfags can make it. You either need to be intelligent or listen to people who are intelligent. Hopefully you can tell the difference between someone who is and isn't.

>>13852115
Thanks man. 1000$ is about what I can play with from wagecucking, without fucking up my school plan. Do you have any recommended sources for getting on my feet with knowledge? Really appreciate this BTW

>>13852126
Do you have confidence there are many coins left that can 100x? Is this mostly only achievable through ICOs?

>>13852094
>>13852258

Link will do it easily. Just don't swingtrade, and don't sell because of FUD. Mainnet is in 5 days and you will be able to stake and run a node then. We are in a dip right now as well so buying now is buying at a point of greater opportunity.

>>13852244
>Do you have any recommended sources for getting on my feet with knowledge?

/biz/ is fine if you can handle wading through a sea of shit to find a diamond. If you can't deal with that then join a Discord server for any crypto project and ask people there. You should really use Discord because all decent crypto projects have a server.

>>13852258
I wouldn't recommend ICOs. They're too risky because the team actually has no obligation to deliver. Just go with coins that are cheap and have proven themselves. If the coin doesn't even have an official wallet, you should be worried. Chainlink doesn't have a wallet, for example. They have to use general ETH wallets.

>>13852286
Please don't listen to this person. LINK has existed for 2 years and they haven't made a thing.

>>13852295
>LINK has existed for 2 years and they haven't made a thing.

Yeah, because it releases in 5 days. They've been working on it those whole time.

https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/

>derivatives

You'd be mad not to get a 1k suicide stack of Link.

>>13852319
>it releases in 5 days

Oh, it does? Great. OP can wait 5 or 6 days to find out that it's a scam and then he won't have to buy any. See how I've outsmarted you, linklet?

>>13852330
oh look at dunning kruger over here, mr subhuman nigger likes to flaunt his sub 90 iq, amazing

>>13852343
One week left, brainlet.

>>13852348
yeah screencapped these for your suicide thread, subhuman nigger

>>13852295
I'm cool with /biz/ theres a plethora of shilling, but even I can identify the reasonable conversations being had. And you successfully spooked me out of ICOs for now. I dont like the idea of people taking my shit and leaving me in the dust. What's your opinion on trading, similar to the LINKer you're talking to?

>>13852295
>Chainlink doesn't have a wallet, for example. They have to use general ETH wallets.

Because Chainlink isn't a cryptocurrency you fucking retard. It has no need for a wallet. You can put it in the ETH wallet now for safe keeping if you don't want it on an exchange, but once mainnet is up, all those linkies are going in nodes. What the fuck would anyone want a Link wallet for?

>>13852330

As long as he gets some. It's the most legit project in crypto. Meanwhile you are shilling absolute trash at him like xcash, who the fuck needs another fucking currency on the blockchain. It's going nowhere. Everything that gets airdrops is going nowhere.

>>13852348

You do realize Chainlink has a partnership with Allianze Insurance and Bosch right, revealed by the companies themselves. Sergey will likely talk about it in the blog post coming in a few days.

>>13852370
Trading? If you need to ask about it then don't try it. Buy and hold. That's what you should be doing. Also, don't buy LINK. Wait a week because "mainnet" is in a few days and you'll find out it's a scam.

>>13852370

He's giving you absolute garbage advice, do you realize this.

ICO's are a great idea to invest in, if you do your research, you will make the most gains that way. He doesn't want more people doing ICO investing because they always have limited openings and ICO sales can sell out in minutes. If you believe in an ICO, absolutely invest in it. But only if you believe, do your fucking research and don't invest in any crap. Also even if the company doesn't deliver in the end, you still have tokens in the meantime, and if you follow their github or whatever they use to see the work they are doing, and lose faith in the project, you can always bail and sell the tokens on an exchange.

>on trading

You will get fucked with taxes. Best idea is to find something you really believe in, and HODL it, just accumulate and HODL. You might make some really good profitable trades, but then one bad trade will wipe out a week's worth of good ones. Margin trading (longing and shorting) are even worse, you can actually get liquidated and lose all your crypto to pay off debt.

>>13852392
Cool. At which point would you say is the time to plunge into trading? I plan on watching a lot of youtubers to do it to perhaps get shown the ropes and of course whatever resources I can find online.

Thoughts on Tone Vays?

>>13852452

Beware that most Youtubers will dump on their followers. They will make you believe a coin is going in one direction, to make you buy/sell then fuck you over.

Even the decent ones like Trade Devil are also wrong a lot of the time. You need to learn TA to trade, and your TA is not going to be better than all the algo trading bots. Just don't trade.

you could have been a millionaire hodling 1$ bitcoin from the dark web era, which is not that long ago

>>13852094
Buy a low market cap coin like helium coin at tokenjar.io, wait for it to go up 5x, cash out half, wait for it to go up another 5x cash out the rest.

Congrats you just turned your 100x btc gains into 1000x.

>mfw helium is a killer deal right now
>mfw he won't buy it
>mfw when even if he does buy it his weak hands will be his undoing

Simple answer: most poor fags don't have what it takes.

>>13852444
>>13852474
Nice trips brah and thanks for chiming in. Seems like a rational approach. From what I've gathered, take an initial investment based on intelligent research and hodl that shit. In the meantime, keep an eye on other projects while perhaps learning a bit of TA.

>Bots
That's interesting. Do only software engineers benefit from this?

>>13852094
all women are chores.

Low risk: Put it in Bitcoin. Wait 3-5 years. It'll go up and down but overall up. Sell when everyone's bullish and you've made a profit.

Higher risk but still feasible: Put it in a project that's still growing but has potential to moon. Don't try and be clever buying some random crap hoping it'll 2000x. Buy something you think will still be being used in 5 years.

How to choose which coin? I wish I knew. It's extremely difficult to make confident decisions about technology in this realm unless you know what you're talking about. Just because a bunch of people on a discord or some youtuber says that X Coin is going to be the thing that solves Y blockchain problem doesn't make it so. Can you say for sure that the problem won't get fixed by different tech which then completely invalidates X Coin?

Follow the basics. Buy low, sell high. Don't invest in something unless you understand it or at least understand it enough to predict it's future value.

>>13852519
>>13852518

OP notice with these scams they just post a coin name, say it's low market cap (absolute fucking biggest meme in crypto, market cap means jack shit, it's price of the last sale multiplied by amount of tokens) and just tell you it's going to 5x or 10x or 100x, as if anyone else would buy it.

When you buy Helium Coin, you are providing the liquidity for him to dump his bags on you. Do not buy random fucking shitcoins that no one has ever heard off, unless you yourself find it with your research.

Just keep in mind that if you are shilled a coin, and there is no info of what the coin actually does, it's fucking garbage that is useless. If you want to know what Chainlink does, it is a token that acts as collateral value, for the real world value inside smart contracts, that are able to get on the blockchain via the companies decentralized oracle solution that Chainlink provides. The company is aiming for the world derivative market (1.2 quadrillion in value, now remember Link is to act as collateral) as it's primary customer once Mainnet is out. The reason the other anon is telling you not to buy Link is most crypto's are absolute shitcoins, and always dump on mainnet because everyone finds out no one is fucking using the network of another blockchain meme project. So many expect the same from Chainlink. But Link actually has a fuckton of partnerships and confirmed users already so that wont be the case this time.

And with bots any exchange/trader who can program it will benefit from it.